Forked Lightning

Forked Lightning explores the dynamics of education, focusing on the impact of elite college admissions, the role of skills and decision-making in economic success, and the challenges in the current educational system. It critically examines socioeconomic disparities, the value of Ivy-Plus colleges, and the potential of retraining and technology in education.

Education System Economic Inequality Labor Economics Skills and Workforce Development College Admissions Technology in Education

The hottest Substack posts of Forked Lightning

And their main takeaways
471 implied HN points 02 Oct 23
  1. Harvard ranks poorly in free speech according to a study by the Foundation for Individual Rights and Expression
  2. Harvard's free speech issues may be rooted in social norms and misperceptions of others' beliefs
  3. Correcting misperceptions about others' beliefs can lead to positive changes in behavior
432 implied HN points 27 Jul 23
  1. Selective colleges struggle with too many qualified applicants to choose from
  2. Holistic admissions looks beyond grades but may not accurately predict success
  3. Wealth can influence the distinctiveness and favoritism in college admissions
432 implied HN points 24 Jul 23
  1. The newsletter focuses on education, skills, and the future of work.
  2. Applicants from wealthy families are more likely to attend Ivy-Plus colleges.
  3. The paper highlights how attending Ivy-Plus colleges impacts student outcomes.
314 implied HN points 11 Sep 23
  1. Good decision-making is a valuable skill for success in jobs that require problem-solving.
  2. The ability to allocate resources effectively is linked to higher earnings in decision-intensive occupations.
  3. Allocative skill, measured through tools like the Assignment Game, can predict income potential, showcasing the importance of decision-making ability.
393 implied HN points 25 Jul 23
  1. Attending Ivy-Plus colleges can lead to higher earnings and elite graduate school attendance
  2. Admission off the waitlist at Ivy-Plus colleges is often about class-balancing and yield management
  3. Studies show Ivy-Plus college attendees are more likely to have top earnings and work in prestigious firms
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294 implied HN points 22 Aug 23
  1. Larry Katz led the Moving to Opportunity (MTO) demonstration to study neighborhood impact on poverty.
  2. MTO showed no economic impact but significantly improved mental and physical health for families.
  3. MTO study linked to federal tax records found that children benefited more than adults from moving to better neighborhoods.
275 implied HN points 29 Aug 23
  1. In economics, the best is sometimes the enemy of the good.
  2. Development accounting demands a lot from the data, making it a challenging method.
  3. Studying wage gains from migration can provide insight into the importance of human capital in explaining cross-country income differences.
275 implied HN points 15 Aug 23
  1. Larry Katz has made significant contributions to modern labor economics, particularly in understanding wage differences based on education levels.
  2. Katz's key insight is that the college wage premium reflects the equilibrium "price" of skills in an economy, influenced by supply and demand factors.
  3. Katz's work on the impact of education and technology on earnings helps explain the growing wage inequality, emphasizing the importance of skill-biased technological change.
275 implied HN points 26 Jul 23
  1. Attending Ivy-Plus colleges can significantly increase your chance of landing high-paying jobs.
  2. Ivy-Plus graduates have better chances of reaching the top income percentiles compared to graduates from public universities.
  3. On-campus recruiting by prestigious firms plays a crucial role in shaping future career paths for Ivy-Plus college graduates.
235 implied HN points 08 Aug 23
  1. Soft skills are becoming increasingly valuable in the labor market.
  2. Higher-order skills like problem-solving and teamwork are in demand by employers.
  3. Grit and cognitive endurance are skills that can be developed through practice and structured support.
196 implied HN points 01 Aug 23
  1. Older workers can learn new skills through retraining programs.
  2. Investing in job training and education benefits both individuals and the economy.
  3. It is important to provide opportunities for lifelong learning and reskilling for older workers.
157 implied HN points 05 Sep 23
  1. Generative AI challenges traditional teaching methods like lecture classes.
  2. Generative AI increases the risk of technology-enabled cheating in education.
  3. Active learning practices enhance student performance and understanding better than traditional lecture-based classes.
78 implied HN points 24 Jul 23
  1. The newsletter is focused on topics like education, skills, and the future of work
  2. Elite college admissions show preferential treatment for rich kids in admissions
  3. Attending an Ivy-Plus college can significantly impact future earnings and career opportunities
2 HN points 28 Jul 23
  1. Legacy preferences in college admissions can disproportionately benefit high-income applicants and reduce opportunities for others.
  2. Eliminating legacy preferences alone may not significantly improve socioeconomic diversity in highly selective colleges.
  3. Highly selective colleges can increase socioeconomic diversity by implementing policies like setting a rigorous academic cutoff and expanding class sizes.