Tag Archives: Productivity

Do fixed patent terms distort innovation? Evidence from cancer clinical trials

A new paper from Heidi Williams, Eric Budish, and Benjamin N. Roin: ABSTRACT: Patents award innovators a fixed period of market exclusivity, e.g., 20 years in the United States. Yet, since in many industries firms file patents at the time of discovery … Continue reading

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The Labor Market Is Not Zero Sum: EPI, Immigration, & Labor Market Misconceptions

Ross Eisenbrey had an NYT op-ed this week on immigration in which he said: “Bringing over more — there are already 500,000 workers on H-1B visas — would obviously darken job prospects for America’s struggling young scientists and engineers. But it … Continue reading

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STEM workers, H1B Visas and Productivity in US Cities

Here’s a new and very timely paper from Giovanni Peri, Kevin Shih, and Chad Sparber. ABSTRACT: Scientists, Technology professionals, Engineers and Mathematicians (STEM workers) are the fundamental inputs in scientific innovation and technological adoption which, in turn, the main drivers of the … Continue reading

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Quick Takes on Robots, Disability Insurance, Debt Ceiling, & Charts to inform Grand Bargains

1. I still don’t understand why Krugman thinks the invention of “doers” will be bad for high skilled workers. Here’s my reasoning. 2. Ed Glaeser “2013 Is the Year to Go to Work, Not Go on Disability” HT Evan Soltas 3. Foreboding Feeling: Fiscal … Continue reading

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The Right Way to Spend on Healthcare

Amitabh Chandra and Jon Skinner have a related paper in JEL: ABSTRACT: In the United States, health care technology has contributed to rising survival rates, yet health care spending relative to GDP has also grown more rapidly than in any … Continue reading

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Why Krugman isn’t quite right on Education & the Rise of Robots

In a recent post on the Rise of Robots, Krugman argues that growing capital-biased technical change undermines the need for better education: If this is the wave of the future, it makes nonsense of just about all the conventional wisdom … Continue reading

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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

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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

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Enrico Moretti on the Future of Manufacturing

Q: Both presidential candidates pledge to restore the U.S. manufacturing industry. Some economists say that’s essential; others say it’s impossible. What’s your take?  A: The last two years have been good years for manufacturing employment, but they are the exception. … Continue reading

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What determines productivity? The management practices hypothesis

Both as part of the third year labor group with David Card and the macro reading group with Yuriy Gododnichenko, we’ve been thinking a lot about productivity and why some firms are more productive than others. This issue is key to understanding why we observe … Continue reading

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