Tag Archives: Enrico Moretti

3 Links on Corporate Profits

1. Jim Tankersley writes on Boeing and state corporate tax breaks and profiles my job market paper with Juan Carlos Suárez Serrato on the welfare effects of cutting corporate taxes in an open economy 2. Enrico Moretti on the tech boom and … Continue reading

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People, Places and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs

From Pat Kline and Enrico Moretti: Most countries exhibit large and persistent geographical differences in wages, income and unemployment rates. A growing class of “place based” policies attempt to address these differences through public investments and subsidies that target disadvantaged … Continue reading

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Where the Good Jobs Are—and Why

From Enrico Moretti: The American labor market is recovering from a painful recession. But the recovery is geographically uneven. While some parts of the country are booming, others are still stuck in a deep recession. Two groups of localities have … Continue reading

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State Incentives for Innovation, Star Scientists and Jobs: Evidence from Biotech

From Enrico Moretti and Dan Wilson: We evaluate the effects of state-provided financial incentives for biotech companies, which are part of a growing trend of placed-based policies designed to spur innovation clusters. We estimate that the adoption of subsidies for biotech … Continue reading

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Local Economic Development, Agglomeration Economies and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority

Here’s an interesting paper from Pat Kline and Enrico Moretti on local economic development, agglomeration, and the Big Push. We study the long run effects of one of the most ambitious place based economic development policies in U.S. history: the … Continue reading

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Unemployment benefits should encourage geographic mobility

An op-ed from Enrico Moretti: Americans have always been willing to move to look for better economic opportunities, and this willingness to relocate is a big factor in U.S. prosperity. Yet while everyone is free to move to look for … Continue reading

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Value of Infrastructure: Silicon Prairie Edition

I recently visited the headquarters of Google Fiber, which is a large infrastructure investment google has been rolling out in Kansas City that provides 100x faster internet. The tour guide claimed that home values in the green zone have increased … Continue reading

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Coveting Thy Neighbor’s Manufacturing – Is State Tax Competition A Zero Sum Game?

Many people have been focused on state tax incentives of late. Earlier I posted about some work by Moretti and Greenstone that concludes local subsidies improve residents’ welfare (perhaps partly due to sizable employment spillovers). With that in mind, I wanted … Continue reading

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Washington’s Definition of Middle Class

I saw this proposal in Lori Montgomery’s article on fiscal cliff talks yesterday: Fresh tax revenue, generated in part by raising rates on the wealthy, as Obama wants, and in part by limiting their deductions, as Republicans prefer. The top … Continue reading

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What books do top CEOs, policymakers, academics, etc recommend reading this year?

Barry Eichengreen sends us to Bloomberg’s interesting compilation of 2012 book recommendations from CEO, policy makers, investors, economists, academics and authors. The most popular picks were Robert A. Caro’s “The Passage of Power: The Years of Lyndon Johnson,” “Volcker: The Triumph … Continue reading

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