Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .


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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?


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EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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Tax Foundation


August 20, 2014, 5:03 pm, 1321901

Ed Kleinbard, a law professor at the University of Southern California, has a new paper in which he claims that the recent wave of corporate inversions is not about competitiveness, even though the U.S. has the third highest corporate tax rate in the world combined ...


August 20, 2014, 5:03 pm, 1321902

We recently published a map showing how far $100 would take you in different states. For example, in states with low costs of living, like Arkansas, $100 had the same sort of purchasing power that $115 would have in an average state.

We got a lot of requests – ...


August 20, 2014, 1:03 pm, 1321748

The United States, Chile, and Hungary are the only three OECD countries that have not cut their corporate tax rate since 2000. Hungary and Chile, who had the two lowest rates in the OECD in 2000, have both increased their rates to 19 and 20 percent, respectively.

Germany has cut ...


August 20, 2014, 1:03 pm, 1321749

We're in Minneapolis this week for the annual meeting of the National Conference of State Legislatures (NCSL), where 6,000 state legislators, staffers, and experts gather. I'll be on an NCSL panel event on State Tax Reform with Michael Leachman of CBPP, at 3:30pm today in M100DE, so be sure to attend if ...


August 20, 2014, 1:03 pm, 1321747

It is well known that the United States has the highest corporate income tax rate among the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECD). However, it is less well known how the United States stacks up against all of the countries and other tax ...


August 18, 2014, 5:03 pm, 1320556

Alaska voters go to the polls tomorrow to decide Measure 1, which would change taxation of oil production. A yes vote repeals the More Alaska Production Act (MAPA) tax system championed by Gov. Sean Parnell (R) and passed in 2013, instead reinstating the previous Alaska’s Clear and Equitable ...


August 18, 2014, 3:03 pm, 1320473

This week’s tax map shows the real value of $100 in each state. Because average prices for similar goods are much higher in California or New York than in Mississippi or South Dakota, the same amount of dollars will buy you comparatively less in the high-price states, or comparatively ...


August 18, 2014, 1:03 pm, 1320396

College is generally a good investment. On average, people who earn a four year degree go on to make almost twice as much as those with only a high school diploma. But while those future high earners are in college, they tend to be relatively poor (speaking from ...


August 14, 2014, 5:03 pm, 1318693

An interesting new interactive tool produced by the New York Times’ Upshot blog presents data showing state populations back to 1900, and what share of them were born in-state, abroad, or in other states. It’s a fascinating graphic to look at, but can be hard to interpret. What ...


August 14, 2014, 1:03 pm, 1318548

In the current hysteria over corporate inversions, many point to their cost to the U.S. Treasury. In a Washington Post article, BusinessWeek’s Allan Sloan writes about corporate inversions saying: “All of this threatens to undermine our tax base, with projected losses in the billions.”

While corporate inversions point to ...