Episode
Stephen Schmidt, Union College - Making A [Tax] Effort for Black Students' Education
- Podcast
- The Academic Minute
- Published
- Jul 23, 2026
- Duration seconds
- 150
- Processing state
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Summary
On Union College Week: What can we do to improve education for Black students in majority white communities? Stephen Schmidt , Kenneth B. Sharpe Professor of Economics , examines possible solutions. Faculty Bio: Stephen Schmidt has been professor of economics at Union College since 1994, after completing his Ph.D. in economics at Stanford University. He was appointed the Kenneth B. Sharpe Professor of Economics in September 2019. His research interests include the economics of education, especially education finance, and the normative evaluation of economic outcomes and policies. He has published articles in American Economic Review (Papers & Proceedings), Journal of Public Economics, Contemporary Economic Policy, Economics of Education Review, Journal of Higher Education, Theoria, Restoration Ecology, Journal of Economic Education, Journal of Transport Economics and Policy, Southern Economic Journal, International Journal of Industrial Organization, and others. He teaches courses in econometrics, game theory, intermediate microeconomics, the economics of race, and normative economics, as well as the College’s first-year inquiry seminar. Transcript: There is a racial divide in the United States economy, which means that people of different racial and ethnic identities don’t have the same economic prospects in life. One source of this divide is differences in education. Students of color, especially African-Americans, often don’t get the same level of education funding that other students get. One explanation for this pattern is stigmatization theory. It says that when members of a majority stigmatize a minority, they spend less on public services, since the stigmatized group cannot be excluded from the benefits of those services. My research examines the way school dis…