Tomorrow 👇🏽👇🏽👇🏽
---
RT @mardelgiu
What happens when the #MatthewEffect brought by #prestige of #departments interact with biased #beliefs on individual #ability? Thursday 1pmCET in 3D136 at Campus “Luigi Einaudi” in Torino & Webex @ https://unito.webex.com/meet/econstat-seminars. Research with @sjbEconobot @erinhengel and @Sevilla_Almu
https://twitter.com/mardelgiu/status/1613940877612781572

What happens when the #MatthewEffect brought by #prestige of #departments interact with biased #beliefs on individual #ability? Thursday 1pmCET in 3D136 at Campus “Luigi Einaudi” in Torino & Webex @ https://unito.webex.com/meet/econstat-seminars. Research with @sjbEconobot @erinhengel and @Sevilla_Almu

@kim_harding

Well, #trickledowneconomics do indeed exist.

Example: some oligarch/TechCEO buys a super yacht -> many people work hundreds of hours to build and maintain this yacht -> trickle down.

Yet, currently, wealth appears to concentrate upwards globally.

Why?

Because the opposite effect, the #matthewEffect which multiplies existing advantages over time, is (currently) stronger (than trickle down), because current policies do not counterbalance it sufficiently.