Monthly Archives: March 2014

High Frequency Trading

There has been a lot of buzz about Michael Lewis’s new book and high frequency trading. Eric Budish has a recent paper and proposal that has been getting a lot of attention from policymakers. Here is a Booth debate with Eric … Continue reading

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The Behavioralist As Tax Collector: Using Natural Field Experiments to Enhance Tax Compliance

From Michael Hallsworth, John List, Robert Metcalfe, Ivo Vlaev: Tax collection problems date back to the earliest recorded history of mankind. This paper begins with a simple theoretical construct of paying (rather than declaring) taxes, which we argue has been an … Continue reading

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Evolution of European Borders: 1000 Years in less than 3.5 Mins

HT: Marginal Revolution

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World Migration

From qz

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Heterogeneity in MPC out of Housing Wealth

A very interesting chart from Atif Mian and Amir Sufi: Here is the abstract of the paper: We examine the effect of rising U.S. house prices on borrowing and spending from 2002 to 2006. Households in low income zip codes … Continue reading

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Corporate Profits, Proprietors’ Income, and Labor Compensation

From Ed Dolan:

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The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function

From Nathan Hendren: This paper develops a method for resolving the equity-efficiency tradeoff that modifies the Kaldor-Hicks compensation principle to account for the distortionary cost of redistribution. The inequality deflator weights surplus by the marginal cost of providing transfers to … Continue reading

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