Fordham Economics Department

Graduate and undergraduate programs in New York City

CIPS-Pizza & Elephants bon voyage Party Thurs Dec 15th 7:30 & 9:30pm

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Please join us in E530 Dealy to say goodbye to students and faculty leaving before next week’s official Economics Party (same location .  Everyone is welcome to discuss Elephant shapes with plenty of Michaelanglo’s pizza. To mark this remarkable moment in history,  we review and discuss the Elephant diagram (briefly) starting with Chris Giles three minute FT video (not cats).  Does this now famous global growth incidence curve really explain recent populist backlash?  Is it an Elephant or a Mastodon?

Don’t worry there is a happy ending… average OECD middle class workers incomes did not actually fall, they gained less, perhaps relative deprivation matters too…

What can we do?  Nothing right now.  So please come share a wonderful festive-beverage with Michelangelo’s pizza, freshly delivered at 7:20 and 9:20pm…   (thanks finance guy).

If possible please RSVP to Anglea or gradecon@fordham.edu but come join us anyway, another pizza is just a phone call away. It will be fun.


Growth incidence curves were very rare a decade ago. Now we have a famous one that explains everything and looks like an elephant.  Or does it?  Come to the party and see.

Just in case you miss the party, here is the video and a few holiday readings (avoid the original 2015 World Bank article, they don’t even call it an elephant).  Here is the confusing Chris Giles video, but at least he  draws the elephant in real time…

Actually the best short summary is the Economists’ “Shooting an Elephant” which includes the real elephant photo above and this very clear chart, almost all we need really, except now we have a mastodon, not a modern elephant, as in the original.

More holiday reading: reassuring findings, but someone should have told the voters… Adam Corlett is thorough enough to elicit a response from  Lakner and Milanov the same month (September).

References (sorry, not very cheerful i know):

Corlett, Adam. (2016) “Examining an elephant: globalisation and the lower middle class of the rich world.” Resolution Foundation, London.

DESA, U. N(2013). “Inequality matters. Report on the World Social Situation 2013.” New York, United Nations.

Economist (2016) Global inequality: Shooting an elephant via@TheEconomist

Lakner, Christoph, and Branko Milanovic (2016). “Response to Adam Corlett’s “Examining an elephant: globalisation and the lower middle class of the rich world”.

Milanovic, Branko, and Christopher Lakner (2015) “Global Income Distribution: From the Fall of the Berlin Wall to the Great Recession” The World Bank Economic Review 30 (2): 203-232. doi: 10.1093/wber/lhv03 http://class.povertylectures.com/WB_publication.pdf

Milanovic, Branko (2011). Worlds apart: Measuring international and global inequality. Princeton University Press.

Milanovic, Branko (2016) Global inequality: A new approach for the age of globalization, Harvard University Press.

Piketty, Thomas(2014). “Capital in the 21st Century.” Cambridge: Harvard University Figures

Porter, Eduardo (2014). A global boom, but only for some. New York Times.

Porter, Eduardo (2016). On Trade, Angry Voters Have a Point, NY Times, March 16th Wynne, Mark A2011). “Will China ever become as rich as the US?” Economic Letter, 6.

Giles and Dannon (2016) Globalisation ‘not to blame’ for income woes, study says Financial Times, Sept 13th 2016 Video version

 

 

Boston College Professor S Anukriti to speak on how expected “dowry” payments affect Indian Household savings

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Oct 11th at 4pm in Dealy E-530. Please join us.  In a new paper, Professor S Anukriti and her University of Connecticut coauthors Nishith Prakash and Sungoh Kwon use data from the Rural Economic and Demographic Survey to examine dowry payments for 39,544 marriages that occurred during 1960-2008 in rural India.

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Illegal since 1961, “most Indian brides’ families pay a substantial amount of cash and gifts to grooms’ families at the time of marriage, often amounting to several years of household income.”  Despite its prevalence, accurate data on dowry and even the definition of dowry and time trends have been hotly debated.  Traditionally, dowry reflected stridhan, i.e., woman’s wealth, or a sort of premortem bequest as daughters typically did not inherit their fathers’ property.  Over time, it has become a groom-price equating the supply and demand of brides and grooms in the marriage market.”   Figures from their paper provided online here show that the groom prices have remained remarkably stable over time (Figure 1) but vary greatly by region and caste.  Perhaps surprisingly, southern states Kerala and Tamil Nadu have (or had) higher than average groom prices (Figure 2).  Dowry payments bridge religious groups in India, with Christians and Sikhs paying much higher groom prices than Hindus and Muslims (Figure 3).  For additional graphics see Anukriti, 2016,  Gender Matters: An Economist’s Perspective, Dowry in Rural India.

 

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University Neighborhood Housing Program’s Bronx Beer Hall Fundraiser!

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You are invited! Bronx Beer Hall, Arthur Avenue Retail Market 2344 Arthur Avenue Bronx, NY 10458  Wednesday September 14th, 2016.  We have much to celebrate this year and hope that you will join us to raise a glass – our specially imprinted UNHPbeer glass – of course. The Bronx Beer Hall offers local craft brewed beers, a retail market setting, and a variety of gourmet pizza. The Bronx Beer Hall is located in the Arthur Avenue Retail Market, between 186th Street and Crescent Avenue.  Please visit our Donate page for ticket and sponsorship information.  Questions? Please contact Catherine Clarke or Niki Quiterio at 718-933-3101 (clarke@unhp.org or nquiterio@unhp.org).bronxbeerhallspecial

Frick Collection Free Night Friday July 15th

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Next Frick Free night August 5th

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Rachel Himes welcomes students on free night, live, July 15th 

video: “Introduction to the Frick” at Summer Night,

presented by Rachel Himes, Education Assistant

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The Frick Collection Summer Night

http://www.frick.org/programs/students/frick_free_nights

 

Frick Free Nights

Frick Free Nights provide free after-hours access to the Collection and offer visitors a range of programs, including lectures, performances, and open sketching. The Frick also hosts annual College Night and Teen Night events to kick off the academic year. Please see below for upcoming Frick Free Nights.

Frick Free Nights is supported, in part, by public funds from the New York City Department of Cultural Affairs in partnership with the City Council, and by the Gilder Foundation

 

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