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Small Steps Toward A Much Better World
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19 марта, 09:14

Women’s employment has shaped the course of recent business cycles

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This paper studies the impact of changing trends in female labor supply on productivity, TFP growth and aggregate business cycles. We find that the growth in women’s labor supply and relative productivity added substantially to TFP growth from the early 1980s, even if it depressed average labor productivity growth, contributing to the 1970s productivity slowdown. […] The post Women’s employment has shaped the course of recent business cycles appeared first on Marginal REVOLUTION.

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19 марта, 08:10

The great retrogression average is over

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White, non-college-educated Americans born in the 1960s face shorter life expectancies, higher medical expenses, and lower wages per unit of human capital compared with those born in the 1940s, and men’s wages declined more than women’s. After documenting these changes, we use a life-cycle model of couples and singles to evaluate their effects. The drop […] The post The great retrogression average is over appeared first on Marginal REVOLUTION.

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19 марта, 01:08

Women in the economics profession

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Nearly 100 female economists say a peer or a colleague has sexually assaulted them. Nearly 200 say they were the victim of an attempted assault. And hundreds say they were stalked or touched inappropriately, according to a far-reaching survey of the field. The results, compiled by the American Economic Association, also reveal deep evidence of […] The post Women in the economics profession appeared first on Marginal REVOLUTION.

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19 марта, 01:03

Alan Krueger, RIP

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You probably all know by now that Alan Krueger has passed away, nonetheless it seems appropriate to offer tribute and condolences.  Alan and I were together in the same year at Harvard in the economics Ph.D program, and although he was on track to win a Nobel Prize and I have read most of his […] The post Alan Krueger, RIP appeared first on Marginal REVOLUTION.

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18 марта, 22:05

A reverse Austrian business cycle theory

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Did tight money from the Fed place too high a penalty on deposit funding of mortgages?: Between 2003 and 2006, the Federal Reserve raised rates by 4.25%. Yet it was precisely during this period that the housing boom accelerated, fueled by rapid growth in mortgage lending. There is deep disagreement about how, or even if, […] The post A reverse Austrian business cycle theory appeared first on Marginal REVOLUTION.

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18 марта, 18:52

Monday assorted links

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1. Amplifunds: “Donate to portfolios curated by expert grantmakers and amplify your impact.” 2. Do you want to live next door to The Flintstones?  And would you sue them? 3. Those new service sector jobs: “Deciding whether to have kids has never been more complex. Enter parenthood-indecision therapists.” 4. Are Republicans now more anti-tech than the […] The post Monday assorted links appeared first on Marginal REVOLUTION.

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18 марта, 14:24

Density is Destiny: Economists Predict the Far Future

In a paper that just won the JPE’s Robert Lucas Prize, Desmet, Krisztian Nagy and Rossi-Hansberg model the evolution of the world economy over the next 400-600 years! Is it laughable or laudatory? I’m not entirely sure. The paper does have an insight that I think is very important, in addition to a number of […] The post Density is Destiny: Economists Predict the Far Future appeared first on Marginal REVOLUTION.

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18 марта, 09:55

British sentences to ponder

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But holding the government to account is one thing, setting the agenda another. The Brexit crisis has shown this. In January and February, when MPs tabled amendments that would truly empower backbenchers — by giving them control of what is debated in the Commons, or setting up voting systems for MPs to rank different Brexit […] The post British sentences to ponder appeared first on Marginal REVOLUTION.

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18 марта, 07:17

What I’ve been reading

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1. Aladdin, a new translation by Yasmine Seale.  A wonderful, lively small volume, a good reintroduction to the Arabian Nights, recommended. 2. Shalini Shankar, Beeline: What Spelling Bees Reveal About Generation Z’s New Path to Success.  Not as analytical as I was wanting, but more analytical than I had been expecting. 3. Rowan Ricardo Phillips, […] The post What I’ve been reading appeared first on Marginal REVOLUTION.

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17 марта, 20:07

Sunday assorted links

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1. Ross Douthat on whether we need more meritocracy (NYT). 2. Was Irish migration negative selection? 3. Pierre Lemieux reviews Stubborn Attachments (scroll down through the file). 4. Interesting claim that 737 not a software problem (speculative?). 5. India, Pakistan. 6. China fact of the day. 7. Intertemporal substitution. 8. Hal Blaine music video. The post Sunday assorted links appeared first on Marginal REVOLUTION.

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17 марта, 11:11

The cinematic culture that is Danish

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Some cinema owners do not seem to think that movies without subtitles will have a future in Denmark, and have completely abandoned them, according to the country’s public broadcaster. But they mean for movies in Danish: Pedersen blames the necessity for subtitles on the evolution of the use of Danish in movies. Whereas in the past, actors […] The post The cinematic culture that is Danish appeared first on Marginal REVOLUTION.

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17 марта, 07:13

The rise of the temporary scientist

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Here is a new and important piece on the economics of science, from Staša Milojević, Filippo Radicchi, and John P. Walsh: Contemporary science has been characterized by an exponential growth in publications and a rise of team science. At the same time, there has been an increase in the number of awarded PhD degrees, which has not been […] The post The rise of the temporary scientist appeared first on Marginal REVOLUTION.