Tag Archives: Erik Hurst

The Regional Evolution of Prices and Wages During the Great Recession

From Martin Beraja, Erik Hurst and Juan Ospina:  In this paper, we examine the evolution of prices, wages, employment and output across U.S. states during the Great Recession. To do so, we use over 76 billion price observations from the Nielsen … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

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

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

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

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

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

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