1. My talk to Fairfax County Public Library system. 2. Can you collect DNA through air sampling? 3. Scrabble update. 4. Randomized funding from VolkswagenStiftung. 5. Claims about Putin and Ukraine. 6. Tyrolese cultural origin, and Covid-19 infection rates. 7. The right way to rotate a building.
The economy added 916,000 jobs in March, above the Bloomberg consensus of 647,000. Figure 1: Nonfarm payroll employment (dark blue), Bloomberg consensus as of 4/1 for March nonfarm payroll employment (light blue square), industrial production (red), personal income excluding transfers in Ch.2012$ (green), manufacturing and trade sales in Ch.2012$ (black), consumption in Ch.2012$ (light blue), […]
This new piece in American Economic Journal: Macroeconomics seems to be channeling some parts of Bryan Caplan’s argument: Despite increases in the college earnings premium to persistently high levels, investment in college education remains low. We can understand this apparent puzzle by considering the risk of attending college and, in particular, the possibility of failing […]
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.
Volume 18, Issue 1, March 2021 In Memoriam (.pdf) In Memoriam (.pdf) In this issue (.pdf): Will you live longer if you move to a place where people live longer? Commenting on an American Economic Review article, Robert Kaestner examines the causality behind an association between Medicare enrollees’ longevity and their post-Katrina migration from New Orleans to various destinations. Tatyana Deryugina and David Molitor […]
The Bloomberg consensus is for an increase of 674 thousand jobs in March. That’s heady news, offsetting the somewhat less upbeat news from the estimate of February monthly GDP released by IHS Markit today – a decrease of 0.9% after upward revision in January’s figure by 0.3% (not annualized). Even if expectations are met, employment […]
1. “Claire [Weiner] was one of the first babies born during the Manhattan Project; the address on her birth certificate was a post office box.” 2. Starnone as Ferrante? 3. Jason Furman on the infrastructure bill. 4. New theory suggests large blobs of material in Earth’s mantle are remnants of protoplanet Theia. 5. Obstacles to […]
Here’s a question I’ve been mulling in recent months: Is Alex Tabarrok right? Are people dying because our coronavirus response is far too conservative? I don’t mean conservative in the politicized, left-right sense. Tabarrok, an economist at George Mason University and a blogger at Marginal Revolution, is a libertarian, and I am very much not. […]