Is there a linear relationship over time between the share of workers affected by the minimum wage and the ratio of the minimum wage and average compensation?
Criticisms of Piketty
There has been much discussion of Thomas Piketty’s new book, Capital in the 21st Century. Some of the criticisms I agree with, and some I do not.
Demographic Incidence of a Wisconsin Minimum Wage Increase
In Wisconsin, the main beneficiaries of a minimum wage increase to $10.10 would be individuals aged 20-29 years, females, and (proportionately), blacks and hispanics. Hence, opposition to a minimum wage increase implies a worse outcome for those groups in the aggregate relative to an elevated-minimum-wage scenario.
Guest Contribution: “Sovereign to Sovereign Capital Flows”
Today we are fortunate to have a guest contribution authored by Laura Alfaro (Harvard), Sebnem Kalemli-Ozcan (U. Maryland) and Vadym Volosovych (Erasmus University Rotterdam). This post is based on “Sovereigns, Upstream Capital Flows, and Global Imbalances” (2014).
Minnesota vs. Wisconsin, and More
The Philadelphia Fed has just released coincident indicators for state economies. No turnaround for Wisconsin — it continues to lag Minnesota and the Nation.
Will Wisconsin Private Employment Be Revised Down?
Preliminary figures from the Quarterly Census of Employment and Wages (QCEW), which Governor Walker has previously touted as more accurate than the establishment survey [1], indicate a substantial downward revision in Wisconsin private employment.
Cancer and age
There’s no denying that our bodies deteriorate as we age. But here’s one fact in which those in their golden years may take comfort. If you live long enough, your odds of developing certain cancers decline rather than increase as a function of age.
GDP Prospects
Estimates of monthly GDP indicate a rebound. So too do forecasts.
Guest Contribution: “Forex reserves: why following China won’t work for India”
Today we are fortunate to have a contribution by Joshua Aizenman, Dockson Chair in Economics and International Relations at the University of Southern California. This post was originally published at East Asia Forum.
Peak oil interview
Here’s a link to an interview on peak oil and other topics that I did with RT TV.