The economics of the regulation of natural monopolies tells us that such entities reduce utility by artificially restricting what they produce in order to improve their terms-of-trade and profits–and that one tool to deal with...
That Miles Corak describes the three aspects of rising-inequality denial as "a common storyline" is a measure of how completely divorced from reality even so-called policy professionals in the right-of-center echo chamber have become. Sensible...
Must-Read: I really want to see what happens to these numbers in a high-pressure low-slack economy… Isabel Sawhill: Where Have All the Workers Gone?: “Among male heads of household between […]
Something very, very peculiar is going on with middle-aged American whites in the Bush 43 and Obama years--much more so for women--and it is distinctly odd.
Must-Read: Marshall Steinbaum: The Unseen Threat of Capital Mobility: “The Hidden Wealth of Nations: The Scourge of Tax Havens… …by Gabriel Zucman, University of Chicago Press, $20 (cloth). Out of […]
Must-Read: Henry Aaron: Can Taxing the Rich Reduce Inequality? You Bet It Can!: “Two recently posted papers by Brookings colleagues purport to show that… …‘even a large increase in the […]
Must-Read: Tim Harford: The Real Benefits of Migration: “UK Home Secretary Theresa May gave a speech… designed to polarise…. She succeeded… …One statement… found the spotlight…. (Translation: immigration costs us […]
Must-Read: Michael Clemens: The South Pacific Secret to Breaking the Poverty Cycle: “The average Tongan household that participated was earning just NZ$1,400 per year… …before these jobs. The average worker […]
Must-Read: Jason Furman and Peter Orszag: A Firm-Level Perspective on the Role of Rents in the Rise in Inequality
Must-Read: Jason Furman and Peter Orszag: A Firm-Level Perspective on the Role of Rents in the Rise in Inequality: “In Joe [Stiglitz]’s honor, we thought it appropriate to collaborate on […]
Must-Read: Ben Casselman: It’s Getting Harder To Move Beyond a Minimum-Wage Job: “Minimum-wage jobs are meant to be the first rung on a career ladder… …But a growing number of […]