Must-Reads: August 21, 2016
- Michael Spence: Growth in a Time of Disruption: Developing countries are facing major obstacles…
- Michael D. Carr and Emily E. Wiemers: The decline in lifetime earnings mobility in the U.S.: Evidence from survey-linked administrative data: Abstract: There is a sizable literature that examines whether intergenerational mobility has declined as inequality has increased….
- Justin Fox: Where Median Incomes Have Fallen the Most: Median household income… hit an all-time high in 1999 of $57,843… and as of 2014 stood at $53,657–a 7.2 percent decline…
- Devin Bunten: Is the Rent Too High? Aggregate Implications of Local Land-Use Regulation: Highly productive U.S. cities are characterized by high housing prices, low housing stock growth, and restrictive land-use regulations (e.g., San Francisco)….
- Duncan Weldon: [Negative Yields, the Euthanasia of the Rentier & Political Economy][]: I don’t understand the political economy that has brought us tight fiscal & easy money–it simply isn’t creating enough winners to be sustainable…
- Nicolas Colin: Doom, or Europe’s Polanyi Moment?: The Great Transformation… is really about the social and economic institutions that are necessary to support the market system and to make economic development more sustainable and inclusive…
Should Reads:
- David Dayen: The Never-Ending Battle for Obamacare
- Leah Boustan