News
The Great Mortgaging... except for Bernanke
New research by Òscar Jordà, Moritz Schularick and Alan Taylor (and quoted by Amir Sufi in the Financial Times) shows that today’s banks are not primarily involved in business lending. Instead, they make mortgages. From 1940 to 2010, the proportion of bank lending dedicated to mortgages across 17 advanced economies (including the Germany, the UK, and the US) rose from 30 per cent to 60 per cent.
The American Dream Is an Illusion
Gregory Clark writes for Foreign Affairs on Immigration and Inequality
UC Davis Ph.D.s in economics are in the Top 20 for their research
Graduates rank 19th in U.S. programs for quality-adjusted output, 5th among public universities
Upcoming plenary speech by Greg Clark
Greg Clark has been invited to deliver the plenary speech at the 27th Annual Human Behavior and Evolution Society Conference
Simonovska awarded Hellman Fellowship
Assistant Professor Ina Simonovska has received a 2014–15 Hellman Fund Fellowship at UC Davis
NY Times cites Ann Stevens
“There’s a myth that in the 1950s, everyone was very loyal to companies and companies were very loyal to people,” said Ann Huff Stevens, a professor of economics at the University of California, Davis. “But we always had a contingent work force that could be laid off at any time. They were called women.”
Two documentary films about the economy at UC Davis
The U.S. economy takes center stage next week when UC Davis presents two documentary films, each accompanied by a question-and-answer session, one with former Secretary of Labor Robert Reich and the other with a panel. Both programs are open to the public.
Research by Professor Scott Carrell discussed in NPR
Parents and educators have assumed that peers matter. Professor Scott Carrell and coauthors conduct an unusual social engineering experiment. Listen to how they applied what's known about peer effects to the real world. What they found surprised even them...
The war on poverty rages on
Research by Marianne Page, Ann Stevens and Hilary Hoynes cited in the House Budget Committee Report: "The War on Poverty: 50 Years Later"
Alan Taylor's research cited in The Economist
Alan Taylor's research on the role of credit in financial crises cited in The Economist
New York Times op-ed by Gregory Clark
Reprises the central argument in his new book The Son Also Rises
Sloth Dad versus Tiger Mother
The Spectator compares the view of social mobility seen in The Triple Package (by Amy Chua and Jed Rubenfeld) with that in The Son Also Rises (by Gregory Clark)
Research by Greg Clark in The Economist blog
From the Black Death to the Industrial Revolution, and the Great Divergence, work by Greg Clark is all over the ongoing Free Exchange series on economic history