Tag Archives: Erik Hurst

Manufacturing Decline, Housing Booms, and Non-Employment

Kerwin Kofi Charles, Erik Hurst, and Matt Notowidigdo argue that the housing boom masked a structural decline in manufacturing employment in a recent paper. They estimate that 40% of the increase in non-employment from 2000-2011 can be attributed to the … Continue reading

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How Similar are Public and Private Equity Returns?

Tobias Moskowitz and Annette Vissing-Jorgensen have an AER paper that I recently came across that compares public and private equity returns.  They find that on average private equity returns are no higher than public equity returns despite liquidity differences. They … Continue reading

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Inequality, the Allocation of Opportunity, and U.S. Economic Growth

Chang-Tai Hsieh, Erik Hurst, Peter Klenow, and Chad Jones have a recent paper on the allocation of talent and US economic growth in which they measure the macroeconomic consequences of reduced “occupational frictions” faced by women and blacks in the labor … Continue reading

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