Findings & Trends
The more racially integrated a community is, the more venture capital it attracts. Compared with communities with an average level of racial integration, those with higher integration were associated with 1/3 to 2 times more venture capital investment, higher rates of patent filing, and economic growth.
When state taxes increase for high-income individuals, they do not respond (on average) by leaving, at least not in California.
Married men earn more than unmarried men, but only because men on a better career track are more likely to marry.
In nearly 829 mid-size and large US firms, the percentage of minority managers decreased dramatically over a five year period after mandatory diversity training programs were implement.
Class matters for men (much more than for women) when applying to jobs at law firms.
The “culture of consumerism” in the US is a myth: consumers have not increased their spending on luxury, non-essential items.
Employees advance less well when the managers evaluating them do not share the same race or gender.
Applications are now open at the Institute for Advanced Study. The Theme “Economy and Society” for 2019-2020 will be led by Marion Fourcade, Professor of Sociology at the University of California, Berkeley, and Didier Fassin, the James D. Wolfensohn Professor at the Institute for Advanced Study.
Viviana Zelizer discusses Harvey Weinstein’s tainted money and the dilemma for charitable foundations.
Sharon Zukin and Max Papadantonakis, PhD program in sociology, City University of New York, have made a podcast about their recently published article on hackathons, tech companies, and precarious work in the new economy.
The “culture of consumerism” in the US is a myth: consumers have not increased their spending on luxury, non-essential items. Instead, the Consumer Expenditure Survey indicates that spending has increased on housing, childcare, and schooling while both wages and spending on other products have remained flat.
LINK: Cohen, Joseph N. 2014. “The Myth of America’s Culture of Consumerism.” Journal of Consumer Culture 16(2): 531-54.
