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Development Seminar | Who Benefits from College and the Stock Market?

Two investments stand out for their power to improve economic outcomes: higher education and stocks. In the absence public funding, though, both are seen as the preserve of the wealthy. As a result, higher education in particular is, in many countries, heavily subsidized with the explicit aim of promoting equality of opportunity. An important point, however, is that differences in learning ability, preparedness, and wealth are likely to affect individuals’ capacity to take advantage of investment opportunities and improve their economic well-being. This seminar will examine and present the effect of access to college and the stock market on individual earnings, wealth, and mobility. Does the power of college to increase well-being exceed that of stocks, as large subsidies to the former suggest?

This Development Seminar @ Brookings India featured Urvi Neelakantan, Senior Policy Economist, Federal Reserve Bank of Richmond, U.S.A.

Speaker profile: Urvi Neelakantan is a Senior Policy Economist in the Research Department at the Federal Reserve Bank of Richmond. Prior to joining the Federal Reserve Bank of Richmond in 2010, she was an Assistant Professor of Consumer Finance at the University of Illinois at Urbana-Champaign. Urvi’s expertise is in the areas of consumer finance, labor and demographic economics, and macroeconomics. Urvi has published several academic articles in reputed journals, including the Journal of Population Economics and Economic Inquiry, and is on the Editorial Board of the Journal of Consumer Affairs. She received a B.A. in Economics from the University of Pune in 1997, an M.A. in Economics from Delhi University in 1999, and an M.A. and Ph.D. in Economics from the University of Minnesota in 2005.

About Development Seminars Series @ Brookings India

The Development Seminars Series @ Brookings India is a platform for global scholars to present their work to a curated audience of senior government officials, politicians, journalists, academics and policy enthusiasts. The format of the seminars includes a senior researcher as a lead presenter and a government/industry expert to discuss the results and relevance within the Indian context. The fundamental focus of the seminar series is to draw research-based insights to shape and influence policy dialogues in India, through purposeful and pointed discussions.

Previous Development Seminar Series Photographs

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Neil G. Ruiz, Associate Director, Pew Research Center, talks about Indian migration to the United States.

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Viral Acharya interacts with the audience at the Development Seminar, “The Real Effects of Unconventional Monetary Policy”

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Viral Acharya answers to questions from the audience at the Development Seminar, “The Real Effects of Unconventional Monetary Policy”

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Dr. Neeraj Kaushal discusses immigration and its discontents

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Prof. Jonathan Morduch, Professor of Public Policy and Economics, NYU Wagner Graduate School of Public Service, presenting his talk on “America’s Economic Anxiety”

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Brookings India Senior Fellow Shamika Ravi with S.Y. Quraishi, former Chief Election Commissioner of India

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Shamika Ravi (Senior Fellow, Brookings India) and Sumit Agarwal (Vice-Dean of Research, National University of Singapore) engage with the audience in the Development Seminar “Disguised Corruption: Evidence from Consumer Credit in China” on July 22, 2016

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Sumit Agarwal (Vice-Dean of Research, National University of Singapore) during our Development Seminar on Disguised Corruption: Evidence from Consumer Credit in China on July 22, 2016

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Professor Shivaram Rajgopal (Columbia Business School) and Shamika Ravi (Senior Fellow, Brookings India), listen to Somasekhar Sundaresan (Advocate) during the Development Seminar “Corporate social responsibility in India: Law, implementation and evidence” on Dec 12, 2016

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Prof. E. Somanathan (Indian Statistical Institute, Delhi) engages with the audience during the Development Seminar “Environmental Challenges in India” on January 20, 2017

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Shamika Ravi (Senior Fellow, Brookings India) and Prof. Somanathan (Indian Statistical Institute, Delhi) listen to Dr. Ajay Mathur (Director General, The Energy and Resources Institute) during the Development Seminar “Environmental Challenges in India” on January 20, 2017

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The audience listening to the panel during the Development Seminar “Environmental Challenges in India” on January 20, 2017

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Dr. Alex T. Tabarrok (George Mason University, Virginia) gives his talk on Disruptions due to Online Education at a Brookings India Development Seminar

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R. Subrahmanyam (Additional Secretary, Technical Education, Ministry of Human Resource Development) speaks of the government’s SWAYAM initiative, during the Development Seminar on February 17, 2017

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Panel including Shamika Ravi (Senior Fellow, Brookings India), during the Development Seminar “The Online Education Revolution and India” on February 17, 2017

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Dr. Rinku Murgai (Lead Economist, World Bank) presents a paper on “Pathways to Reducing Poverty and Sharing Prosperity in India” on November 2, 2016

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Shri Amitabh Kant (CEO NITI Aayog, Government of India) during the Development Seminar on smart cities at Brookings India on August 19, 2016

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Amitabh Kant (CEO, NITI Aayog, Government of India) launching Brookings India research paper “Building Smart Cities in India: Allahabad, Ajmer and Visakhapatnam” on August 19, 2016

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Dr. D. Subbarao (Former Governor of the Reserve Bank of India)

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Dr. Subir Gokarn (Executive Director, IMF, and founding research director of Brookings India) at the Development Seminar on “Dr D. Subbarao on leading the RBI through 5 turbulent years” on August 5, 2016

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Distinguished Fellow Rakesh Mohan at the 1st Development Seminar @ Brookings India

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