Here are interviews I did earlier this week on the debt deal:
Monthly Archives: August 2011
Livin’ in a Shapiro-Stiglitz World
I have been wondering why so many seem to be indifferent to the plight of the unemployed. Sometimes, the attitude is not so much indifference, but rather irritation that the poor are exempted from the burdens of society (see e.g., [0]).
Here is a plot of the unemployment rate and the alternative unemployment rate including marginally attached and part-time workers.
Assessing the damage
We finally get our debt-ceiling deal, only to watch the S&P500 fall 3.7% from Thursday’s close. What gives?
Income Share by Top Fractile (continued)
Or, why it was so important to keep top marginal income tax rates constant for millionaires.
Figure 1 depicts the income shares accruing to the top 0.5 percent and top 0.1 percent of households (including realized capital gains). It is clear that their shares have declined going from 2007 to 2008; for the top 0.1%, their share has declined from 12.3% to 10.4% of total income.