January 27, 2017· 26 min

64: Stay in School, Even if You're Planning to Join the Mob

Giovanni Mastrobuoni

Orality

Model

89%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostJoe Weisenthal(671 words)

M:29%

HostTracy Alloway(1,108 words)

M:94%

GuestGiovanni Mastrobuoni(1,852 words)

M:28%

Oral Indicators

Agonistic24%

very, definitely, clearly

Engagement67%

you, our, your

Memory Aids100%

listen, so, now

Repetition100%

education (44x), what (41x), know (41x)

Parallelism100%

And I'm Joe Weisenthal...., So, Joe, this is the second ed..., But, I'm really enjoying these...

Sound Patterns84%

33 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases10%

i mean, to be honest

Literate Indicators

Hedging16%

may, probably, maybe

Passive Voice8%

is seen, was dedicated, was declassified

Abstract Nouns22%

investment, business, chase.com/business

Subordination8%

because, while, although

Sentence Length40%

Avg: 15.1 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style33%

263 personal pronouns found

Descriptive Style84%

apply, really, especially

Description

It's almost a truism that better-educated people earn more money. But suppose you're not interested in a normal job? What if you want to go into the mafia? Well, it turns out that you should still stay in school. On this week's Odd Lots podcast, we speak with Giovanni Mastrobuoni about the relationship between salary and educational attainment in organized crime. He's the co-author of a paper titled "Returns to Education in Criminal Organizations: Did Going to College Help Michael Corleone?" Based on data sets from the first half of the 20th century, Mastrobuoni and his colleagues were able to show that mafia members who got more education also got paid more in the underworld. We discuss how they discovered this, and what it means for the economics of education. See omnystudio.com/listener for privacy information.

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