Monday, February 9, 2015

Inequality and education

Nope, I'm not going to discuss the relationship between access to education and inequality. And yes the mainstream usually gets causality wrong and argues that education is the solution for reducing inequality (it's more likely that education is more accessible with lower inequality). I'm talking about the graph below from The Economist.
So the top 10% Universities hold 70% of all the endowments. The eight Ivy League universities hold 21% of the endowments. And the rich universities hold more stocks, mainly in US markets, than the endowment challenged ones. I guess, there must be a high correlation between the universities where the Fortune 500 CEOs went and the top endowments.

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