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BEGIN:VEVENT
UID:b75d86c26f41a205f2989da5f789fed9
CATEGORIES:Seminars
CREATED:20190702T113422
SUMMARY:Lunch Seminar: Veronica Guerrieri - University of Chicago, Booth School of Business
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:The End of the American Dream? Inequality and Segregation in US Cities join
 t with Alessandra Fogli\n\n\nAbstract: \nSince the '80s the US has experien
 ced not only a steady increase in income inequality, but also a contemporan
 eous increase in residential segregation by income. Using US Census data, w
 e document a positive correlation between income inequality and residential
  segregation between 1980 and 2010, both across time and across space, at t
 he MSA level. We then develop a general equilibrium overlapping generations
  model where parents choose the neighborhood where to raise their children 
 and invest in their children's human capital. In the model, segregation and
  inequality amplify each other because of a local spillover that affects th
 e returns to education. We calibrate the model to 1980 using Census data an
 d the micro estimates of the local spillover effect derived by citet*{CheHe
 nII}. We then hit the economy with a skill premium shock and show that roug
 hly between $20%$ and $30%$ of the increase in inequality can be attributed
  to the amplifying effect of the local spillovers.\n
DTSTAMP:20260404T191842Z
DTSTART:20190704T130000Z
DTEND:20190704T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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