We are delighted to invite you to our next Development Seminar @ Brookings India.
Title: Investment Opportunities and Economic Outcomes: Who Benefits from College and the Stock Market?
Speaker: Dr. Urvi Neelakantan (Senior Policy Economist, Federal Reserve Bank of Richmond, U.S.A.)
Abstract: 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?
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.
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