In this episode of the Beverage Report Podcast, we interview Professor Christopher Rauh, Professor of Economics and Data Science at the University of Cambridge, Senior Researcher at the Peace Research Institute Oslo and Research Affiliate at the Centre for Economic Policy Research and Institute of Labor Economics.

How do parental beliefs affect the returns to educational and health investment in children? How could voting patterns affect intergenerational mobility and inequality within countries? What could explain the difference in wages between different ethnic groups in the US?

Professor Christopher Rauh answers these questions and more in this highly insightful episode. He explores how investments in education, both in terms of finances and time, impact children’s outcomes, highlighting that parental socioeconomic background plays a smaller role in shaping returns than commonly assumed. Professor Rauh also discusses how the composition of voter demographics can have drastic policy implications, with effects on areas such as education having pertinent effects on intergenerational mobility.

Shifting focus, Professor Rauh delves into the complexities of inequality across various groups and regions. He explores the underlying factors driving the wage gap between Black and White men in the U.S. and analyses the pandemic's far-reaching effects on inequality across countries as well as the implications for gender inequality.

Tune into this episode to learn more about Professor Christopher Rauh’s research and his personal journey as an Economist!