Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


May 2014 Payroll Employment

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

Click on the image to get a bigger version.


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.


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Environmental Economics

"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”


November 14, 2018, 5:06 pm, 1921014

Last week's midterm elections were a mixed bag for environmental policy.  Lots of initiatives went down in defeat, though some passed, and some pro-environmental candidates won.

Most notably for us environmental economists, the state of Washington failed to pass a carbon tax initiative, which would have made them the only ...


October 15, 2018, 9:46 pm, 1907825

When I mention what I do (come up with ways to estimate the value of environmental goods and services), I sometimes get a response like this:  

It really is irritating that some people need to use economic measures to value our environment.

The reality is our environment, air, water, seas, national ...


October 15, 2018, 9:46 pm, 1907826

Consider:

Earlier this year, President Trump proposed significant cuts to the USDA's Economic Research Service--50% cuts in fact:

Funding for ERS would be slashed by 50 percent, to $45 million, in part by eliminating "low-priority research" that the administration said was already being done by the private sector or ...


October 15, 2018, 9:46 pm, 1907827

Pollution and health have always been directly linked, both environmentally and medically, but few people consider the economic impact felt by countries afflicted with poor outdoor air quality. The World Health Organization estimates that the cost of disability and premature death from air pollution in Europe totalled close to ...


October 15, 2018, 9:46 pm, 1907824

Alan Krupnick in toto (emphasis added):

At a press briefing in mid-August, Bill Wehrum, the appointed head of the US Environmental Protection Agency’s (EPA’s) Air Office, reiterated the Trump administration’s position that ancillary benefits are not to be counted in cost-benefit analysis of major rules. The context this time was the Affordable ...


October 15, 2018, 9:46 pm, 1907822

Here is a link from 2017 with some background: BP has funded a book critical of the CVM. In that post I boasted that my review would be forthcoming in 2018. That boast was a commitment mechanism. I don't know if it would have worked unless Marit Kragt had not ...


October 15, 2018, 9:46 pm, 1907819


October 15, 2018, 9:46 pm, 1907820

The Center for Natural Resource Economics and Policy (CNREP) is announcing a call for abstracts and session proposals for CNREP 2019: Challenges of Natural Resource Economics & Policy, the 6th National Forum on Socioeconomic Research in Coastal Systems.

The conference is scheduled for May 19-21, 2019 in New Orleans, Louisiana.  ...


October 15, 2018, 9:46 pm, 1907821

I recently got around to reading the 2010 book "Identity Economics: How our Identities Shape our Work, Wages, and Well-Being," by George Akerlof and Rachel Kranton.  It is a lay summary of some of the work that Akerlof and Kranton have been doing to incorporate identity and ...


October 15, 2018, 9:46 pm, 1907823

Coral Davenport and Lisa Friedman at the NYTimes (The E.P.A.’s Review of Mercury Rules Could Remake Its Methods for Valuing Human Life and Health):

Last week the Trump administration took a crucial step toward de-emphasizing the life and health benefits in this calculus when the Environmental ...