Search Results for: baumol

Why Healthcare, Education, and Government Spending Keep Going Up – Baumol’s Cost Disease

The Economist reviews an important book that I’ve been thinking a lot about recently (research extending these ideas is forthcoming). HEALTH-CARE expenditure in America is growing at a disturbing rate: in 1960 it was just over 5% of GDP, in … Continue reading

Posted in Uncategorized | Tagged , , , | 3 Comments

Economic Possibilities for Our Children: The 2013 Martin Feldstein Lecture

From Larry Summers: This is the 40th anniversary of the summer when I first met Marty Feldstein and went to work for him. I learned from working under Marty’s auspices that empirical economics was a profoundly important thing, that it … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Incomes & the Cost of a Colonoscopy across US Cities

I’m a bit late to posting this since I had my qualifying exams on Monday, but I saw this map for the front page story of this Sunday’s NYTimes and thought it was interesting. It shows how much the cost … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Large Variation in Hospital Billing: Three Preliminary Takeaways from New U.S. Data

The NYTimes has an interesting article on variation in hospital billing. In addition to highlighting substantial dispersion for the same procedure even within local areas (e.g. “a hospital in Livingston, N.J., charged $70,712 on average to implant a pacemaker, while … Continue reading

Posted in Uncategorized | Tagged , , , , | 1 Comment

Accounting for the Cost of US Healthcare

I read Steven Brill’s healthcare piece recently and wanted to get a better high-level view of where dollars in the healthcare system are spent. I find aggregate data more informative than anecdotes about hospital bill line items (not that I … Continue reading

Posted in Uncategorized | Tagged , , , , , | 1 Comment

Long Run Growth in Real Per Pupil Public Education Spending

Real per pupil education spending for elementary and secondary schools has increased roughly 23X since 1920. While there are many causes for this increase (special ed availability, reduced student teacher ratios, etc) and spending more on education is often a good … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

A Quick Reaction to Matt Yglesias’s Healthcare Chart

Here’s a chart that Matt Yglesias thinks ought to dominate the healthcare conversation. It compares PPP adjusted per capita government* spending on healthcare in the US and in Canada. When I saw it this morning, I thought that it looks … Continue reading

Posted in Uncategorized | 2 Comments

What books do top CEOs, policymakers, academics, etc recommend reading this year?

Barry Eichengreen sends us to Bloomberg’s interesting compilation of 2012 book recommendations from CEO, policy makers, investors, economists, academics and authors. The most popular picks were Robert A. Caro’s “The Passage of Power: The Years of Lyndon Johnson,” “Volcker: The Triumph … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

The Growing Burden of Payroll Taxes

Here’s a column on reforming the payroll tax that I wrote in NYTimes Economix today: Payroll taxes and corporate income taxes accounted for an equal share of federal tax revenue in 1969. By 2009, payroll taxes generated more than six times as much … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Why do We Need Productivity Gains in the Education Sector?

1. Antiquated Lectures: the college lecture format is antiquated. In my first year of graduate school, Brad Delong mentioned that the lecture format originally stemmed from a scarcity of books. Since only a few books were available, lecturers had to … Continue reading

Posted in Uncategorized | Tagged , , | 9 Comments