News Release

Harvard prof to keynote Winter Institute

Tuesday, February 11, 2014

Award-winning Harvard University economist Raj Chetty will keynote the 52nd Winter Institute

Award-winning Harvard University economist Raj Chetty will keynote the 52nd Winter Institute.

Harvard economist Raj Chetty will keynote the Feb. 12-13 Winter Institute with a presentation on how upward income mobility varies across the United States, based on segregation, income inequality, local school quality, social capital and family structure.

Chetty's work documents upward income mobility in the upper Midwest that is comparable to the world's most mobile nations. His findings suggest upward mobility in parts of the southeastern U.S. is similar to that of a developing nation.

Chetty's free, public speech is 1 p.m. Feb. 12 in the Cascade Room of Atwood Memorial Center. No registration is required. Parking is free on streets adjacent to campus and a $1.50 an hour in the 4th Avenue Parking Ramp.   

For more than 50 years, Winter Institute has brought world-class economists to Central Minnesota, including the late Nobel laureate Milton Friedman and Ben Bernanke, chairman of the Federal Reserve. The Winter Institute also has a business outlook discussion that features data and analysis from the St. Cloud Area Quarterly Business Report.

Feb. 12 events are on campus, in Atwood Memorial Center. Feb. 13 events are at the Best Western Kelly Inn, downtown St. Cloud.

WEDNESDAY

Business Outlook Panel

King Banaian, economics professor, St. Cloud State

David Jeppson, chief investment officer, private client group, U.S. Bank

Mark Partridge, economics professor, Ohio State University

Matthew Schoeppner, economist, Minnesota Management & Budget 

The morning of Feb. 12 focuses on economics and personal finance education topics for K-12 teachers. Among the presenters are an economics professor, a economics teacher/graduate student and a Federal Reserve education specialist. 

Also available the morning of Feb. 12 is a workshop and roundtable for college teachers that includes presentations by an economics professor and a Federal Reserve senior education specialist.

Lunch is part of both workshops. Participants are encouraged attend the Chetty presentation following lunch.

A panel will discuss the economic boom associated will oil and natural gas proeduction in the Bakken formation of western North Dakota. “The North Dakota Boom: Good Economics and Business Threat?” is free and open to the public 3 p.m. at Best Western Kelly Inn, downtown St. Cloud. The panel is organized with help from the St. Cloud Area Chamber of Commerce.

A business outlook panel discussion and reception are set for 5-8 p.m. at the Best Western Kelly Inn. The panel discussion is free and open to the public. It will include the latest St. Cloud Area Quarterly Business Report, now in its 15th year.

Chetty's keynote presentation is titled "Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States.” He is the William Bloomberg Professor of Economics at Harvard University in Cambridge, Mass. He is the 2013 recipient of the John Bates Clark Medal, which is awarded annually to an American economist under the age of 40. Read his curriculum vitae (PDF).

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