Inequality has actually not risen since the financial crisis. http://t.co/HwlZDVqGDj pic.twitter.com/NsEOrP597e
— The Upshot (@UpshotNYT) February 17, 2015
Cigarette smuggling in the United States on a state-by-state basis
18 Feb 2015 Leave a comment
in applied price theory, applied welfare economics, economics of crime, law and economics, macroeconomics, politics - Australia, politics - New Zealand, public economics, taxation Tags: smuggling, tax avoidance, tobacco regulation, tobacco taxation
College graduates have a much higher opinion of themselves than do the recruiting employers
18 Feb 2015 Leave a comment
in economics of education, human capital, job search and matching, labour economics, labour supply, personnel economics Tags: job market signaling, recruitment standards
Italy is Europe’s ticking time bomb
15 Feb 2015 Leave a comment
The Affordable Care Act and the Labor Market
15 Feb 2015 Leave a comment
in fiscal policy, great recession, labour economics, labour supply, macroeconomics Tags: Casey Mulligan, Obamacare, taxation and the labour supply
What happens when you play “chicken” with a game theorist (The Greek Finance Minister)?
14 Feb 2015 Leave a comment
in currency unions, Euro crisis, international economics Tags: game theory, Greece, Greek default, optimal currency areas, sovereign default
Luke Froeb suggests:
However, opting for forgiveness risks creating dangerous incentives for other countries to act in the same way as Athens. “Germany may decide that if the eurozone does not punish Greece, it will have problems with other countries such as Spain and Italy,” says Roger Myerson, a Nobel-winning economist at the University of Chicago.
Mr Varoufakis should therefore try to convince Germany that Athens’ situation is unique and that other eurozone countries will not seek debt relief as a result, he says. In doing so, he would follow the illustrious precedent of the citizens of Melos, to whom Athens, during the Peloponnesian war between Athens and Sparta, gave the choice of surrendering or facing annihilation.
“The Melians sought to argue that they were different and that sparing them would not set a dangerous precedent vis-à-vis other islands,” says Mr Myerson.
The problem with this strategy, however, is that the other player may choose to build a reputation for toughness. This is what Athens opted for — it laid siege to the island and starved the inhabitants into submission.
via Managerial Econ: What happens when you play “chicken” with a game theorist? and Greek Game Theory: Default, Devaluation, Deliverance?..
Is the middle-class disappearing?
12 Feb 2015 Leave a comment
in economic growth, human capital, income redistribution, politics - USA, poverty and inequality Tags: middle class stagnation
Why did Britain join the EU? A new insight from economic (and political) history
11 Feb 2015 Leave a comment
in Euro crisis, international economic law, macroeconomics Tags: British economy, EU membership, European Union
Nice article by Nauro F. Campos and Fabrizio Coricelli on UK-EU history.
It tracks the history behind the two regions and why UK eventually joined EU in 1973:
View original post 189 more words
When did global technological leadership migrate across the Atlantic?
10 Feb 2015 Leave a comment
in economic growth, human capital, politics - USA, technological progress Tags: global technological frontier, growth of knowledge, innovation, Schumpeter, technology diffusion
HT: theatlantic.com/a-short-history-of-american-invention/385279/ via Mikko Packalen and Jay Bhattacharya
The price of policy uncertainty
10 Feb 2015 Leave a comment
in macroeconomics, politics - USA Tags: regime uncertainty
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