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Individuals, Institutions, and Inequality Conference

In modern societies, individuals differ greatly in the likelihood that at any point in time they will be employed, engaged in crime, or imprisoned. This conference explores the sources of individual variation in these important outcomes over time and space while paying particular attention to the role of institutions.

September 28, 2018
Federal Reserve Bank of Minneapolis  Minneapolis, MN

Individuals, Institutions, and Inequality Conference

In modern societies, individuals differ greatly in the likelihood that at any point in time they will be employed, engaged in crime, or imprisoned. Among those who are employed, we see levels of earnings inequality that are high relative to those observed just 50 years ago. Further, at least in the U.S., we see rates of incarceration that are historically high, even though crimes rates are not.

This conference explored the sources of individual variation in these important outcomes over time and space while paying particular attention to the role of institutions.

  • How do variations in firm policies and characteristics impact overall earnings and wealth inequality?
  • How do differences over space and time in the behavior of police and the public oversight of police impact crime rates?
  • How do variations in criminal justice policies and judicial behavior contribute to inequality in the life outcomes of young persons who commit crimes?

This conference included six papers that explore these topics and help us better understand sources of inequality in modern societies.

A summary of the conference can be found here.


Agenda

8:15 am – 8:40 am
Continental Breakfast
8:40 am – 8:45 am
Conference Welcome
8:45 am – 9:45 am
Firming Up Inequality
  • Authors: Nicholas Bloom, Fatih Guvenen, David J. Price, Jae Song, Till von Wachter
  • Discussant: Niklas Engbom – Federal Reserve Bank of Minneapolis
10:00 am – 11:00 am
A Distributional Framework for Matched Employer Employee Data
  • Authors: Stephane Bonhomme, Thibaut Lamadon, Elena Manresa
  • Discussant: Mikkel Solvsten – University of Wisconsin
11:15 am – 12:15 pm
High Wage Workers Work for High Wage Firms
  • Authors: Katarina Borovickova, Rob Shimer
  • Discussant: Christopher Taber – University of Wisconsin
12:15 pm – 12:45 pm
Lunch
12:45 pm – 1:45 pm
The Fall of Labor Share and the Rise of Superstar Firms
  • Authors: David Autor, David Dorn, Lawrence Katz, Christina Patterson, John Van Reenan
  • Discussant: Joseph Altonji – Yale University
2:00 pm – 3:00 pm
The Impact of Federal Investigations of Crime and Policing
  • Authors: Tanaya Devi, Roland Fryer
  • Discussant: Derek Neal – University of Chicago
3:15 pm – 4:15 pm
Incarceration, Recidivism, and Employment
  • Authors: Manudeep Bhuller, Gordon Dahl, Katrine Loken, Magne Mogstad
  • Discussant: Joseph Doyle – Massachusetts Institute of Technology

For questions, please contact mplsinstitute@mpls.frb.org