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We acknowledge the Gadigal people of the Eora Nation - the custodians of the country in which we meet - and acknowledge their Elders, past and present.

The Fading Dream

John N. Friedman [USA]
Chaired by Richard Holden
Sat 24 August 3:30pm
Sat 24 August 3:30pm
Social mobility is dying with only half of children in the US today growing up to earn more than their parents.

Economist John N. Friedman has made a career researching the causes of inequality and its long-term consequences for children in the US. His findings are grim. Social mobility is in sharp decline. Where you live and go to school increasingly determines your success and future. Joining fellow economist, Richard Holden, Friedman will explore how policy can harness schools, neighbourhoods, universities, and social capital to reverse this trend, and revive a fading “American Dream” of progress and social mobility. Explore what this could mean in a country like Australia. 

This session is made possible with the support of The Paul Ramsay Foundation. 

Supported By

We are leaving a vast amount of untapped talent on the table by investing unequally in our children, and it’s at all of our expense.
John N. Friedman

John N. Friedman [USA]

John N. Friedman is the Briger Family Distinguished Professor of Economics and International and Public Affairs at Brown University, as well as a founding co-Director of Opportunity Insights. His work uses big data to study the causes and consequences of inequality for kids, as well as policies to improve opportunity for children from disadvantaged backgrounds. His work has appeared in top academic journals as well as in major media outlets, has been cited by President Obama in his 2012 State of the Union Address, and has shaped policies at the federal, state, and local level. Most recently, John and his colleagues at Opportunity Insights have published work showing that the key to greater access and mobility within America’s most selective universities schools lies within their admissions process. He worked as Special Assistant to the President for Economic Policy at the National Economic Council in the White House. He is also a Research Associate at NBER and Co-Editor at the flagship journal in the profession, the American Economic Review. He currently serves as Chair of the Brown University Economics Department and is a member of the Treasury Advisory Council on Racial Equity (TACRE).

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Richard Holden

Richard Holden is professor of economics at UNSW Business School, and President of the Academy of the Social Sciences in Australia. He received a PhD from Harvard University and was a faculty member at MIT and the University of Chicago before returning to Australia. He has published in leading journals such as the Quarterly Journal of Economics, American Economic Review, Journal of Political Economy, Review of Economic Studies, and Nature. His popular writings have appeared in outlets such as The New York Times, Australian Financial Review, The Australian and The Sydney Morning Herald. He is currently a regular columnist for the Australian Financial Review. He is a fellow of the Econometric Society, of the Academy of the Social Sciences in Australia, and of the Royal Society of New South Wales. His most recent book is Money in the 21st Century: Cheap, Mobile, Digital.

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Tickets
You must attend a minimum of 3 different sessions to complete Festival Multipack. Learn more
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Saturday
24 August
3:30pm
General Admission
$35
Get 3+ sessions for a 15% discount.
Concession
$32
Youth
$30
Group of 8 or more
$30