Azar, Marinescu, Steinbaum (2018) as SSRN [NBER WP version] [preprint at J.Human Resource]:
Addendum, 2/8 8am Pacific:
And here is a very recent survey of labor market monopsony: Manning, ILR (2021).
Guest Contribution: “What the GameStop Bubble Says about Financial Markets”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared at Project Syndicate.
The University of California gives back to the community
About 10% of the population in San Diego have now received the vaccine. A third of these — 100,000 people– were served by a single facility operated by the University of California at San Diego. What’s the secret to their success? Answer: logistics.
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The Employment Deceleration, and Business Cycle Indicators
Employment in early January continues to decelerate to near standstill (BLS), as I suggested in November would happen if the US did not implement a coherent plan to contain the Covid-19 pandemic.
A Review of Minimum Wage Effects
From Alan Manning, in Journal of Economic Perspectives (a journal of the American Economic Association), “The Elusive Employment Effect of the Minimum Wage”:
The American Rescue Plan Assessed
I talked through some issues regarding the competing recovery plans in this Wisconsin Public Radio interview. Here are some graphs to buttress my point that the Senate Republican plan is underpowered.
CBO’s Outlook and the Output Gap
CBO released its projections for GDP under current law, and potential GDP yesterday.
Flash-mob finance
Modern communication infrastructure can facilitate swift simultaneous action by a large number of people. If used to coordinate a surprise attack, an organized mob can overcome a store or even the capitol building. Is Wall Street the next target?
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The Economy at Trump’s End
In recovery (as Jim noted using GDP), but not recovered. And maybe even declining for certain key indicators.
The COVID recession is over
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 4.0% annual rate in the fourth quarter. That’s well above the 3.1% average growth that the U.S. experienced over 1947-2019, and follows a 28.8% logarithmic annual growth rate seen in Q3.
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