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Monday, March 23, 2009

Market crash and income inequality

In 1970s, 3% of Harvard graduates went to financial industry.
By 1993, it's 16%;  by 2006, it's 40%.

Gone the days when young MBAs make their quick million before their 30s.

The Wealth Gap After the Crash, Interview of Lawrence Katz and Claudia Goldin at Harvard University (audio, about 45 mins)