News from financial industry
Sea level rise will cause spatial shifts in economic activity over the next 200 years. Using a spatially disaggregated, dynamic model of the world economy, this paper estimates the consequences of probabilistic projections of local sea level changes. Under an intermediate scenario of greenhouse gas emissions, permanent flooding is projected to reduce global real GDP […]
The post Further estimates on the cost of climate change and global warming appeared first on Marginal REVOLUTION.
After recovering from a severe mortality crisis in the seventeenth century, life expectancy among scholars started to increase as early as in the eighteenth century, well before the Industrial Revolution. Our finding that members of scientific academies—an elite group among scholars—were the first to experience mortality improvements suggests that 300 years ago, individuals with higher […]
The post The mortality of scholars appeared first on Marginal REVOLUTION.
Another one from the Department of Uh-Oh: Researchers make hundreds of decisions about data collection, preparation, and analysis in their research. We use a many‐analysts approach to measure the extent and impact of these decisions. Two published causal empirical results are replicated by seven replicators each. We find large differences in data preparation and analysis […]
The post The influence of hidden researcher decisions in applied microeconomics appeared first on Marginal REVOLUTION.
Maybe so: Morbidity and mortality have been increasing among middle-aged and young-old Americans since the turn of the century. We investigate whether these unfavorable trends extend to younger cohorts and their underlying physiological, psychological, and behavioral mechanisms. Applying generalized linear mixed effects models to 62,833 adults from the National Health and Nutrition Examination Surveys (1988-2016) […]
The post Are Americans getting worse? appeared first on Marginal REVOLUTION.
Emmanuel Todd, that is. Here is a recent paper from Jerg Gutmann and Stefan Voigt: Many years ago, Emmanuel Todd came up with a classification of family types and argued that the historically prevalent family types in a society have important consequences for its economic, political, and social development. Here, we evaluate Todd’s most important […]
The post Testing Todd appeared first on Marginal REVOLUTION.
Using a survey of 7218 professors in PhD-granting departments in the United States across eight disciplines in STEM, social sciences, and the humanities, we find that the estimated median childhood household income among faculty is 23.7% higher than the general public, and faculty are 25 times more likely to have a parent with a PhD. […]
The post Socioeconomic roots of academic faculty appeared first on Marginal REVOLUTION.
I have worried about related issues for some while, and now that someone has done the hard work I find the results disturbing and possibly significant: Econometric models of temperature impacts on GDP are increasingly used to inform global warming damage assessments. But theory does not prescribe estimable forms of this relationship. By estimating 800 […]
The post On the GDP-Temperature relationship and its relevance for climate damages appeared first on Marginal REVOLUTION.
The subtitle of the paper is “New Estimates of Productivity Growth in England from 1250 to 1870” and it is by Paul Bouscasse, Emi Nakamura, and Jon Steinsson: We provide new estimates of the evolution of productivity in England from 1250 to 1870. Real wages over this period were heavily influenced by plague-induced swings in […]
The post When Did Growth Begin? appeared first on Marginal REVOLUTION.
That is a new research paper by Tom Coupé, here is one excerpt: I find that search intensity rankings based on Google Trends data are only modestly correlated with more traditional measures of scholarly impact… The definition of who counts as an economist is somewhat, so: Plato, Aristotle and Karl Marx constitute the top three. […]
The post Google Trends as a measure of economic influence appeared first on Marginal REVOLUTION.
I consider this a speculative idea, but of interest, here is the paper abstract: Expertise provides numerous benefits. Experts process information more efficiently, remember information better, and often make better decisions. Consumers pursue expertise in domains they love and chase experiences that make them feel something. Yet, might becoming an expert carry a cost for […]
The post Does expertise make consumers emotionally numb? appeared first on Marginal REVOLUTION.
