Tag Archives: inequality

The Two Step Inequality Problem

An interesting experiment recently showed that we have a two step inequality problem. First, many underestimate the extent and growth of inequality in the US over the past few decades. Showing them information and charts about these trends and where … Continue reading

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Untangling Trade and Technology: Evidence from Local Labor Markets

A new paper from David Autor, David Dorn and Gorfon Hanson. ABSTRACT: We juxtapose the effects of trade and technology on employment in U.S. local labor markets between 1990 and 2007. Labor markets whose initial industry composition exposes them to rising … Continue reading

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Technical Change and the Relative Demand for Skilled Labor: The United States in Historical Perspective

A new working paper from Larry Katz & Robert Margo This paper examines shifts over time in the relative demand for skilled labor in the United States. Although de-skilling in the conventional sense did occur overall in nineteenth century manufacturing, … Continue reading

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Encouraging Tax Evasion & Fiscal Support for Puerto Rico

I just came across this Bloomberg article about John Paulson, who has invested nearly $10B in his own funds and is considering taking advantage of a “year-old Puerto Rican law that lets new residents pay no local or U.S. federal taxes on … Continue reading

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How Elastic Are Preferences for Redistribution?

Ilyana Kuziemko, Michael Norton, Emmanuel Saez, & Stefanie Stantcheva have a new NBER paper on inequality and preferences for redistribution: “This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using randomized online surveys on … Continue reading

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College Costs & Enrollment for Low-Income Students

According to data compiled by Avery & Hoxby, effective college costs are much lower for low income families at the most selective schools compared to other schools. Despite this fact, many low income students aren’t applying to the most selective … Continue reading

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Today’s Links: Tax Policy & Inequality and the Absence of Deflation

Partisan Tax Policy and Income Inequality in the U.S., 1979-2007 HT: Bruce Bartlett Why Don’t we have deflation?

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Andrew McAfee: Are droids taking our jobs? | Video on TED.com

Andrew McAfee: Are droids taking our jobs? | Video on TED.com.

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Boosting Growth: The Spending and Debt Responses to Minimum Wage Hikes

Aaronson, Daniel, Sumit Agarwal, and Eric French have a recent AER paper on the consumption patterns of households with minimum wage recipients following minimum wage increases. Immediately following a minimum wage hike, household income rises on average by about $250 per … Continue reading

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Fiscal Policy and MPC Heterogeneity

Tullio Jappelli and Luigi Pistaferri have a recent paper called Fiscal Policy and MPC Heterogeneity. Here’s an interesting figure from it that shows how MPC varies by cash-on-hand: They aren’t the only ones who document MPC heterogeneity. Dynan, Skinner, Zeldes  have a … Continue reading

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