The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
The Future Path and Consequences of the U.S. Earnings Gap
January 1995Volume 1, Number 1
JEL classification: J31, I28, J38
Author: Frank Levy
Both the growing college/high school earnings gap and the generally slow growth of real earnings have generated frustration with the political system. in the short run the earnings gap is likely to remain at roughly its current level. Over time, however, the increased concentration of low income households in poor school districts could perpetuate and exacerbate inequality.