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The William T. Grant Foundation was established in 1936, originally as the Grant Foundation, by American businessman and philanthropist William Thomas Grant. In 1938, the Foundation funded its first major research project, the Grant Study at Harvard University , in which some of the subjects were followed for over 75 years. [ 4 ]
A particular focus of his research has been school structure, educational inequality, and school reform. [ 3 ] In 2013 he became the president of the William T. Grant Foundation, which funds social science research meant to improve the lives of young people.
He retired from both the W. T. Grant Company and the Grant Foundation at age 90, yet still served in an honorary capacity until his death in 1972 in Greenwich, CT at age 96. By that time his nationwide empire of W. T. Grant Co. (Grants) and Grant City stores had grown to almost 1,200, although the company failed in 1975 and was soon liquidated.
In 1906 the first "W. T. Grant Co. 25 Cent Store" (equal to $8.75 today) opened in Lynn, Massachusetts.Modest profit, coupled with a fast turnover of inventory, caused the stores to grow to almost $100 million (~$1.73 billion in 2023) annual sales by 1936, the same year that William Thomas Grant started the W. T. Grant Foundation.
Inequity aversion research on humans mostly occurs in the discipline of economics though it is also studied in sociology.. Research on inequity aversion began in 1978 when studies suggested that humans are sensitive to inequities in favor of as well as those against them, and that some people attempt overcompensation when they feel "guilty" or unhappy to have received an undeserved reward.
This refers to the change in income for a population (for example, a change in GDP). [2] The arrows pointing out of "absolute poverty," "growth," and "inequality" in the Poverty-Growth-Inequality Triangle represent cause and effect. In the model, inequality and growth affect each other and both of them affect absolute poverty. [2]
Before Grand Blanc's Grant Fisher was an Olympic running star, he was a kid having fun playing high school club soccer. That made all the difference.
Ostry, et al. (2014) reject the hypothesis that there is a major trade-off between a reduction of income inequality (through income redistribution) and economic growth. If that were the case, they hold, then redistribution that reduces income inequality would on average be bad for growth, taking into account both the direct effect of higher ...