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Form/Huber Colloquia Series: Dr. Michael Hout

Dr. Michael Hout
February 12, 2021
12:30 pm - 1:45 pm
Zoom; Details Below

Please join us as we host Dr. Michael Hout, Professor of Sociology and Director of the Center for Advanced Social Science Research at New York University. This event is scheduled Friday February 12th, 2021 from 12:30p-1:45pm. Dr. Hout’s title and abstract are below. This event and is free and open to the public.

Title: Venture human capital: how “negative selection” can promote intergenerational mobility

Abstract: In The American Occupational Structure Blau and Duncan (1967) explained how education is both the pivotal factor in reproduction of advantage and disadvantage from generation to generation and an indispensable channel of upward mobility. A strong correlation between the statuses of parents and their children’s educational outcomes couples with substantial returns to educational achievement in the labor market to foster reproduction. At the same time, the educational system creates opportunity by introducing substantial variation in outcomes that is independent of social origins but effective at opening the returns to education to all graduates.

Research from 1984-2010 focused on how college graduation breaks the tie to social origins, and research since then has documented heterogeneity in returns to education that complement those equalizing tendencies. New results, to presented here, extend the evidence of “negative selection” and heterogenous returns and draws out their implications. Specifically, I call on the people who make college admissions decisions to recognize that people they usually reject can and do reap substantial returns from their degrees. I hope they will think more like venture capitalists and take risks commensurate with the big rewards that can come from success.

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