Claudia Goldin

The New York Times reports today that due to the weak economy, there are now “more young women in school than in the work force.” This is the first time women in school have outnumbered women in the work force in three decades.

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Whatever form the final agreement to raise the federal debt ceiling takes, it will surely include some sort of promise that Congress and the president will pursue “tax reform” or a “tax overhaul.” It can’t be called a tax increase, but the purpose will be not just to close tax loopholes and keep basic marginal rates low, but also to bring revenues up from their current level of 14.4 percent of gross domestic product, a level last seen in the Truman administration. The very words “tax reform” are music to the ears of good-government liberals like me—and Barack Obama.

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...is medicine, according to a study by Harvard economists Claudia Goldin and Larry Katz, which David Leonhardt explores in his column today. (At least among high-paying careers.) As Leonhardt writes:  Finance, on this score, is worse than law and worse than academia. It is far worse than medicine, which emerges from the research as the highly paid profession with the most flexibility. Near finance at the bottom of the list is consulting, another field that became more popular in the last two decades. ... After surveying Harvard College alumni 15 years after graduation, Ms. Goldin and Mr.

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Why American politics and society are about to be changed for the worse.

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