Monthly Archives: September 2013

The Declining U.S. Labor Share

See here for more info from this paper by Bart Hobijn and Aysegul Sahin.

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Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence

From Olivier Coibion, Yuriy Gorodnichenko, Dmitri Koustas: The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future U.S. recessions might look more like the Eurosclerosis experience of the 1980s than traditional V-shaped … Continue reading

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Migration and wage effects of taxing top earners: Evidence from the foreigners’ tax scheme in Denmark

from Henrik Kleven, Camille Landais, Emmanuel Saez, Esben Schultz: Tax-induced international mobility of talent is a controversial public-policy issue, especially when tax rates differ substantially across countries and migration barriers are low as in the case of the EU. High top-tax … Continue reading

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How Changing Government Spending Affects Inequality

Juan Carlos Suárez Serrato, a friend and co-author of mine, has an interesting brief on government spending, inequality, and policy design. He analyzes “how differential valuations for government services between rich and poor lead to important implications for the link between … Continue reading

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MIT’s Heidi Williams Decodes Economics of Gene Sequencing

Here’s an interesting profile of Heidi Williams and her work on innovation in healthcare. HT: Marginal Revolution

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The Rise of Gross Operating Surplus in Manufacturing since 1960

Gross operating surplus, which is roughly value added less labor compensation, input costs, and production taxes, has increased substantially in the manufacturing sector since 1980. Gross operating surplus includes consumption of fixed capital (CFC), proprietors’ income, and corporate profits. Note that this measure is … Continue reading

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Weather and Violence

From Ted Miguel and Marshall Burke: In a paper published this month in the journal Science, we assembled 60 of the best studies on this topic from fields as diverse as archaeology, criminology, economics, geography, history, political science and psychology. […] … Continue reading

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