Meritocracy and Capitalism

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Itamar Even

I am Itamar. I am from Manhattan, New York. I am a sophomore at Wesleyan majoring in both Government and Economics. My interest in these two subjects made me want to study a data source that focused on the current economic system in place in the US. Outside of work I like to hike, bike and read.

Abstract: Using the Financial Well Being dataset, which measured various personal traits and financial outcomes, I analyzed the correlation between impulsiveness and financial well-being (along with some other factors such as parental education level and frugality). The paper questions the meritocratic perception of capitalism and examines how confounding variables, such as financial education and family background, may influence the results. The paper concludes that there is no significant evidence to support the claim that any quality guarantees success in a capitalist system.

QAC-201-Poster-Itamar-Even