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Extraction Summary

6
People
5
Organizations
1
Locations
0
Events
2
Relationships
3
Quotes

Document Information

Type: Economic research report
File Size: 1.65 MB
Summary

This document is page 10 of a Standard & Poor's economic research report dated August 5, 2014, titled 'How Increasing Income Inequality Is Dampening U.S. Economic Growth.' It features a chart showing net worth ratios relative to education levels and discusses academic research by Harvard and Brookings Institution scholars regarding the 'education gap' and the impact of income inequality on future generations. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation, though the page content itself is purely macroeconomic analysis.

People (6)

Name Role Context
Claudia Goldin Harvard Professor
Cited for research regarding the education gap and supply of educated workers.
Lawrence Katz Harvard Professor
Cited alongside Claudia Goldin for research regarding the education gap.
Michael Greenstone Researcher
Affiliated with Hamilton Project-Brookings; examined the effect of the income divide on upward mobility.
Adam Looney Researcher
Affiliated with Hamilton Project-Brookings; examined the effect of the income divide on upward mobility.
Jeremy Patashnik Researcher
Affiliated with Hamilton Project-Brookings; examined the effect of the income divide on upward mobility.
Muxin Yu Researcher
Affiliated with Hamilton Project-Brookings; examined the effect of the income divide on upward mobility.

Organizations (5)

Name Type Context
Standard & Poor's
Publisher of the report/ratings direct.
U.S. Census Bureau
Source for the data used in Chart 3.
Harvard
University affiliation of professors Goldin and Katz.
Hamilton Project-Brookings
Affiliation of researchers Greenstone, Looney, Patashnik, and Yu.
House Oversight Committee
Indicated by the Bates stamp 'HOUSE_OVERSIGHT'.

Locations (1)

Location Context
Subject of the economic research.

Relationships (2)

Claudia Goldin Professional/Academic Lawrence Katz
Cited together as Harvard professors arguing a specific economic point.
Michael Greenstone Professional/Academic Adam Looney
Listed together as researchers for Hamilton Project-Brookings.

Key Quotes (3)

"Based on this data, it would appear the problem isn't that technology has leaped ahead--rather, the supply of educated workers has stalled."
Source
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Quote #1
"They found that investments in education and skills, traits that increasingly decide job market success, are becoming more stratified by family income, threatening the earning potential of the youngest Americans."
Source
HOUSE_OVERSIGHT_025772.jpg
Quote #2
"Indeed, researchers have found that the gap in test results of children from families at the 90th income percentile versus children of families at the 10th percentile has grown by about 40% over"
Source
HOUSE_OVERSIGHT_025772.jpg
Quote #3

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