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Stone Center on Socio-Economic Inequality

@stone-lis.bsky.social
4.6K followers 490 following 196 posts

The Stone Center conducts and promotes quantitative research using inequality as a lens on society and the economy. Home to the US Office of LIS. stonecenter.gc.cuny.edu

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Manuel Schechtl @schechtlm.eurosky.social · 29/09/2026
Timely new paper in @socioeconreview.bsky.social: Does rising wealth concentration undermine American democracy? Using variation across the 50 U.S. states, results reveal a clear, negative effect of millionaire wealth concentration on democratic performance. doi.org/10.1093/ser/mwag058
Wealth concentration in the United States has reached heights not seen since the Gilded Age, renewing fears that concentrated economic power may undermine democracy. Yet empirical research linking inequality to democratic erosion remains inconclusive, partly because most studies focus on cross-country comparison and examine income rather than wealth. This study exploits variation across fifty U.S. states; each
embedded in a common federal framework but differing in political and economic dynamics. To estimate the exogenous effect of rising wealth concentration on democratic backsliding, I develop a shift-share instrument of state-level millionaire wealth shares. Results reveal a clear, negative effect on democratic performance. Causal mediation analysis demonstrates that the effect is mediated by the share of seats held by
Republicans in state legislatures, pointing to a mechanism of elite influence through partisan channels. These findings demonstrate that subnational wealth disparities, and their convergence with partisan politics, actively erode American democratic institutions.
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 9h
Huge congratulations to GC Stone Center affiliated scholar Ellora Derenoncourt on her 2026 MacArthur Fellowship! www.macfound.org/videos/2026-...
macfound.org
Ellora Derenoncourt - 2026 MacArthur Fellow
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Janet Gornick @janetgornick.bsky.social · 25/09/2026
Impressive event yesterday - building support, brick by brick, for the International Panel on Inequality (IPI). The discussions were smart, sober, and at times even hopeful. Grateful to be part of the growing body of supporters. @stone-lis.bsky.social @morellisal.bsky.social @lisdata.bsky.social
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 24/09/2026
Watch Stone Center Senior Scholar @pkrugman.bsky.social discuss geoeconomics at last week's ECB Annual Research Conference. "Once you start turning trade relations into a source of geopolitical power, you might find yourself starting to do other things in pursuit of geopolitical power."
stonecenter.gc.cuny.edu
Economic Size and Economic Power - Stone Center on Socio-Economic Inequality
Paul Krugman gave this talk on economic size and economic power during the second day of the European Central Bank's annual research conference.
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morellisal.bsky.social @morellisal.bsky.social · 22/09/2026
Extreme inequality is not inevitable. 1,400+ economists worldwide are calling for an International Panel on Inequality to help inform policies for more equal and inclusive societies. Joseph Stiglitz on @Avvenire_Nei explains why 👇 www.avvenire.it/idee-e-comme...
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Anna Stansbury @annastansbury.bsky.social · 18/09/2026
Thank you @noamscheiber.bsky.social for such a thoughtfully reported @nytimes.com piece about our Class Gap research. Key point: the class gap is NOT an academia specific phenomenon. The cultural & social capital that come from class background matter in many elite settings.
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 17/09/2026
Apply now! Applications are open for our postdoctoral scholars program. These 2-year positions start in August 2027 and are based at the GC CUNY Stone Center. One is focused on wealth inequality, the other more broadly on economic inequality. Deadline is Nov. 2.
stonecenter.gc.cuny.edu
Applications Are Open for Two Postdoctoral Positions at the GC CUNY Stone Center - Stone Center on Socio-Economic Inequality
The Stone Center on Socio-Economic Inequality is seeking applicants for a ninth cohort of postdoctoral scholars. These full-time, two-year positions will begin in August 2026.
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Janet Gornick @janetgornick.bsky.social · 15/09/2026
Gratitude to @pengzell.bsky.social for posting 15-part thread, re: my keynote at the Atkinson Conference on Economic & Social Inequality at Nuffield. Addressing that knowledgeable multi-generational audience was a gift. 🙏 @stone-lis.bsky.social @lisdata.bsky.social @thegraduatecenter.bsky.social
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Per Engzell @pengzell.bsky.social · 11/09/2026
Next at the @nuffieldcollege.bsky.social Atkinson Conference: @janetgornick.bsky.social keynote on cross-national inequality data and the history of @lisdata.bsky.social.
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Miles Corak @milescorak.com · 11/09/2026
#ECON4All www.nytimes.com/interactive/...
nytimes.com
What Years of Inflation Have Done to US Prices
Nearly every category of product costs more than it would have had prepandemic trends continued. And many product prices are still rising faster than they were before.
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CUNY Graduate Center @thegraduatecenter.bsky.social · 03/09/2026
New season of free public programs at CUNY Graduate Center! In person/online - reserve: www.gc.cuny.edu/public-progr... Feat journalist Carol Jenkins, historian Heather C Richardson, Luke Waltzer of Teaching & Learning Ctr, historian David Blight, NYT’s Salamishah Tillet, filmmaker Natalie Musteata
6 people looking at the camera with different backgrounds & expressions
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Janet Gornick @janetgornick.bsky.social · 25/08/2026
I had the honor of giving the faculty keynote this morning, a lovely way to start my 33rd year as a CUNY professor. 🍎 To the 100s of MA & PhD students joining us at the CUNY Graduate Center, welcome! May your hopes & expectations be fulfilled. @thegraduatecenter.bsky.social @stone-lis.bsky.social
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Branko Milanovic @brankomilan.bsky.social · 22/08/2026
All the Ginis; new version
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Janet Gornick @janetgornick.bsky.social · 20/08/2026
All the Ginis (ATG) have been updated. Branko Milanovic - in a new interview - explains that ATG "is a compilation of income and consumption Ginis collected, harmonized, and made available from various databases or platforms, or calculated by [him] from existing data sources." 🌍 Read all about it!
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Branko Milanovic @brankomilan.bsky.social · 19/08/2026
An important note of caution for younger researchers. Digitalization or AI is not a panacea. In my lifetime I have seen dozens, if not hundreds, of surveys and datasets that have been lost. They disappeared because of incompatibility between different operating systems.
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 19/08/2026
All the Ginis (ATG) now covers the period from 1950 to 2024 and includes 6,762 Ginis from 183 countries or territories. In this interview, @brankomilan.bsky.social discusses the recent changes to the dataset. stonecenter.gc.cuny.edu/branko-milan...
stonecenter.gc.cuny.edu
Branko Milanovic Discusses His Recent Update of the All the Ginis (ATG) Dataset - Stone Center on Socio-Economic Inequality
Stone Center Senior Scholar Branko Milanovic discusses the recent update of his All the Ginis (ATG) dataset, which now covers the period from 1950 to 2024 and includes 6,762 Ginis from 183 countries or territories. He also explains the continuing challenges in improving the production and collection of data on national income inequalities, and gives a warning about technological change.
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Janet Gornick @janetgornick.bsky.social · 17/08/2026
Interested in spending 2 years at the Stone Center in NYC, studying inequality? See our call for postdoc applications. Two 2-year positions, starting Aug 2027. One focused on wealth inequality, the other more broadly on economic inequality. Apply by Nov. 2! 🍎 stonecenter.gc.cuny.edu/applications...
stonecenter.gc.cuny.edu
Applications Are Open for Two Postdoctoral Positions at the GC CUNY Stone Center - Stone Center on Socio-Economic Inequality
The Stone Center on Socio-Economic Inequality is seeking applicants for a ninth cohort of postdoctoral scholars. These full-time, two-year positions will begin in August 2026.
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 17/08/2026
Applications are open for our postdoctoral scholars program! These 2-year positions start in August 2027 and are based at the GC CUNY Stone Center. One is focused on wealth inequality, the other more broadly on economic inequality. Apply by Nov. 2! stonecenter.gc.cuny.edu/applications...
stonecenter.gc.cuny.edu
Applications Are Open for Two Postdoctoral Positions at the GC CUNY Stone Center - Stone Center on Socio-Economic Inequality
The Stone Center on Socio-Economic Inequality is seeking applicants for an eighth cohort of postdoctoral scholars. These full-time, two-year positions will begin in August 2026.
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Janet Gornick @janetgornick.bsky.social · 09/08/2026
At #ASA2026 in NYC? Need something to do 8-9:30am Monday? Studying socio-economic poverty or inequality? Want to learn about the LIS/LWS microdata? Please do join us for some or all of the session. @lisdata.bsky.social @stone-lis.bsky.social @cunygcsociology.bsky.social
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Janet Gornick @janetgornick.bsky.social · 10/08/2026
I dream of Ginis! 👇👇👇
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Janet Gornick @janetgornick.bsky.social · 07/08/2026
The GC-CUNY Stone Center on Socio-Economic Inequality had the pleasure of co-hosting today's meeting of the International Chinese Sociological Association. Two keynotes, 20 panels, and a ton of impressive research. @stone-lis.bsky.social @thegraduatecenter.bsky.social @cunygcsociology.bsky.social
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Janet Gornick @janetgornick.bsky.social · 07/08/2026
In my keynote at the International Chinese Sociological Association, I emphasized the value of assessing relative and absolute poverty together, especially during rapid change. Between 2002-2018, in China, relative poverty rose while absolute poverty fell. @lisdata.bsky.social @ourworldindata.org
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 07/08/2026
The All the Ginis (ALG) dataset, constructed by @brankomilan.bsky.social, is now updated on the Stone Center site! The dataset covers the period 1950-2024 and includes 6,762 Ginis from 183 countries or territories.
stonecenter.gc.cuny.edu
All the Ginis (ALG) Dataset - Stone Center on Socio-Economic Inequality
This dataset, constructed by Stone Center Senior Scholar Branko Milanovic, represents a compilation and adaptation of income or consumption Gini coefficients (calculated across households or household...
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 30/07/2026
Why does wealth poverty matter? How is it measured? How prevalent is it? What factors raise households' risk of being wealth poor? What policies can mitigate it? A new WP by @schechtlm.eurosky.social & @janetgornick.bsky.social, prepared for the Annual Review of Sociology, addresses those questions.
Text of paper abstract
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Branko Milanovic @brankomilan.bsky.social · 27/07/2026
My conversation for Bloomberg's Odd Lots with Tracy Alloway and Joe Weisenthal. Very fun conversation. Enjoyable. Great questions. www.bloomberg.com/news/videos/...
bloomberg.com
Watch Branko Milanovic on What Comes After Globalization | Odd Lots - Bloomberg
It's pretty obvious by now that globalization has fallen out of favor. And while many pundits have deemed economic globalism dead, we are still figuring out what to call this new era. Branko Milanović...
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Yonatan Berman @yonatanberman.com · 28/07/2026
📣New blog post about our recent paper on dividend tax reforms. Working paper here: cepr.org/publications... Thanks @voxeu.org!
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Janet Gornick @janetgornick.bsky.social · 20/07/2026
The @stone-lis.bsky.social WP series added linked papers; together, a comprehensive portrait of inequality trends: #128: Wealth Inequality Trends Around the World. #131: Is Income Inequality on the Rise Everywhere? Both also posted at @lisdata.bsky.social stonecenter.gc.cuny.edu/research-dat...
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Joseph E. Stiglitz @josephestiglitz.bsky.social · 16/07/2026
It was a great and productive meeting. Many thanks to @janetgornick.bsky.social for her important intervention, along with remarks by Imraan Valodia and Jose Antonio Ocampo. As Janet says, the IPI is taking shape! @icrict.bsky.social
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Janet Gornick @janetgornick.bsky.social · 16/07/2026
I was pleased to speak - about data for inequality analyses - at yesterday's event organized to introduce the International Panel on Inequality to representatives from many Permanent Missions to the UN. The IPI is taking shape! @stone-lis.bsky.social @lisdata.bsky.social @morellisal.bsky.social
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Severin Rapp @severinrapp.bsky.social · 15/07/2026
📢 Call for Submissions: III/LIS Comparative Inequality Conference If you're doing research on economic inequality, the call for submissions for the third III/LIS Comparative Inequality Conference is now open. The conference will take place in London in February 2027. Submit by Sept 15th 2026
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 15/07/2026
Congratulations to our 2025 Stone Center Junior Scholar Swapnil Landge on his new tenure-track position!
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 14/07/2026
"Is Income Inequality on the Rise Everywhere?" Reviewing evidence from 138 countries, this new WP argues that two facts coexist: income inequality remains unacceptably high in many countries, yet from 2000 to 2020 inequality was more often declining or stable than increasing. bit.ly/3T4weOQ
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Janet Gornick @janetgornick.bsky.social · 12/07/2026
"South Korea thus presents a distinctive case in the global history of wealth accumulation: not one of gradual evolution but a rapid, crisis-induced transformation from a developmental state of low inequality to an advanced economy of moderately high inequality." @zhexunmo.bsky.social 👇👇👇
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 09/07/2026
A new WP constructs the 1st continuous long-run series of top wealth concentration for South Korea, using estate tax tabulations & the mortality multiplier method. It documents two distinct regimes: low, stable concentration from 1970-1990, followed by an abrupt rise in the late '90s. bit.ly/4wzv5gL
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 06/07/2026
New from the GC Wealth Project! Introducing a novel global database on the historical evolution of EIG taxes for more than 170 countries and all U.S. states (from 2006). Working paper by Twisha Asher, Luca Giangregorio, @morellisal.bsky.social, @schechtlm.eurosky.social & Francesca Subioli.
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 01/07/2026
A new WP introduces the Wealth Inequality Trends Database of the GC Wealth Project to summarize the main findings on levels & trends in wealth inequality around the world using multiple data sources, & shows that wealth inequality has increased in about 60% of the countries analyzed. bit.ly/4vaa7Uz
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Janet Gornick @janetgornick.bsky.social · 28/06/2026
My heart is full, having arrived in Luxembourg, my second home for 36 years. Tomorrow, we welcome LIS Summer Workshop attendees from universities around the world, including five (!) from @thegraduatecenter.bsky.social and @stone-lis.bsky.social. The @lisdata.bsky.social Office at ≈10pm sunset ...
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 22/06/2026
What could U.S. healthcare reform look like? The final primer in @pkrugman.bsky.social's Curing Healthcare series gives an international perspective on U.S. healthcare, discusses the changing political economy of U.S. healthcare reform, and proposes a path forward.
stonecenter.gc.cuny.edu
Curing U.S. Healthcare, Part III: Paul Krugman - Stone Center on Socio-Economic Inequality
Part III of Stone Center Senior Scholar Paul Krugman’s three-part series on the U.S. healthcare system, originally posted in his Substack newsletter, considers the U.S. healthcare system from an inter...
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Janet Gornick @janetgornick.bsky.social · 18/06/2026
The June 2026 GC CUNY Stone Center on Socio-Economic #Inequality newsletter is out! Please check it out and - if you're not subscribed - we hope that you'll sign up. You'll receive our latest news 6 times per year. @stone-lis.bsky.social @thegraduatecenter.bsky.social mailchi.mp/480dc65ab025...
mailchi.mp
Stone Center on Socio-Economic Inequality Newsletter
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Manuel Schechtl @schechtlm.eurosky.social · 15/06/2026
Can childhood exposure to rising local wealth inequality help to explain growing class gaps in income mobility? Short answer: Yes! New paper with @ftorche.bsky.social now out OA in @sociologicalsci.bsky.social here: sociologicalscience.com/articles-v13... #Demography #Sociology #EconSky
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Janet Gornick @janetgornick.bsky.social · 16/06/2026
Part 2. Paul Krugman on "Curing U.S. Healthcare". "The second Trump administration and its allies in Congress have taken two actions that will, over time, almost completely undo the expansion of health insurance since the ACA was enacted... How can and should Democrats respond?" 👇👇👇 Stay tuned ...
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 15/06/2026
The new assault on healthcare — Part II of @pkrugman.bsky.social's Curing Healthcare series, originally published in his Substack newsletter and now on the Stone Center site, looks at 80 years of U.S. health politics, the Obamacare story, and U.S. healthcare on the eve of Trump II.
stonecenter.gc.cuny.edu
Curing U.S. Healthcare, Part II: Paul Krugman - Stone Center on Socio-Economic Inequality
Part II of Stone Center Senior Scholar Paul Krugman’s three-part series on the U.S. healthcare system, originally posted in his Substack newsletter, discusses U.S. health care on the eve of the second...
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ryan cooper @ryanlcooper.com · 15/06/2026
"Either way, the concentration of wealth at the very top is much higher now than it ever was during the Gilded Age. And these are numbers from last year, before the SpaceX IPO. The robber barons were pikers compared with today’s oligarchs." paulkrugman.substack.com/p/meet-the-n...
paulkrugman.substack.com
Meet the New Bosses, Worse Than the Old Bosses
The second Gilded Age is much uglier than the first
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Janet Gornick @janetgornick.bsky.social · 11/06/2026
New Stone Center WP, by Valetto, Filauro, Marx, Gornick "In sum, this paper demonstrates that non-primary real estate is a potent but underexamined driver of wealth #inequality. By disaggregating housing wealth, we reveal that real estate is ... a composite of distinct distributional forces." 👇👇👇
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 11/06/2026
Studies of wealth typically treat housing as a single category, but this practice obscures the dual nature of real estate. A new WP, "Real Estate Wealth Is Not a Monolith," reveals the important role of non-primary real estate in wealth concentration. stonecenter.gc.cuny.edu/publications...
Abstract text of working paper
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Branko Milanovic @brankomilan.bsky.social · 11/06/2026
My today's Substack: International development: From moralizing to calculations to laissez-faire to rhetoric A review of Christian Olaf Christiansen’s “Designing Global Economic Equality” branko2f7.substack.com/p/internatio...
branko2f7.substack.com
International development: From moralizing to calculations to laissez-faire to rhetoric
A review of Christian Christiansen’s “Designing Global Economic Equality”
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 09/06/2026
Curing U.S. Healthcare -- read Part I of @pkrugman.bsky.social's series, originally published in his Substack newsletter and now on the Stone Center site, to learn about why markets can’t be trusted to deliver healthcare, routes to universal healthcare, and what works.
stonecenter.gc.cuny.edu
Curing U.S. Healthcare, Part I: Paul Krugman - Stone Center on Socio-Economic Inequality
Part I of Stone Center Senior Scholar Paul Krugman’s three-part series on the U.S. healthcare system, originally posted in his Substack newsletter, discusses why markets can’t be trusted to deliver he...
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Branko Milanovic @brankomilan.bsky.social · 09/06/2026
My 2006 article arguing that we are moving toward much greater inequality in club football (because of its extreme commercialization) and greater equality in national team football... Globalization and goals: does soccer show the way? stonecenter.gc.cuny.edu/publications...
stonecenter.gc.cuny.edu
Globalization and Goals: Does Soccer Show the Way? - Stone Center on Socio-Economic Inequality
B. Milanovic. Review of International Political Economy. vol. 12, no. 5. pp. 829-850. 2005.
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Branko Milanovic @brankomilan.bsky.social · 08/06/2026
Erratum: Ecole Normale Superieure.
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Stone Center on Socio-Economic Inequality @stone-lis.bsky.social · 02/06/2026
Congratulations to our postdocs Zhexun Mo and Severin Rapp, who will start new positions this fall after completing their two years at the CUNY Graduate Center! @zhexunmo.bsky.social will join @ulaval.ca, and @severinrapp.bsky.social will join @lseinequalities.bsky.social.
stonecenter.gc.cuny.edu
Stone Center’s Postdoctoral Scholars to Start New Positions at Laval University and LSE - Stone Center on Socio-Economic Inequality
The Stone Center’s sixth cohort of postdoctoral scholars, Zhexun Mo and Severin Rapp, will start new positions this fall after they complete their two-year terms at the Graduate Center. Mo will join t...
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