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.
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 .
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.
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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"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”
Conference and Meeting: March 16-17, 2017
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The Society for Benefit-Cost Analysis (SBCA) is an international group of practitioners, academics and others who are working to improve the theory and application of ...
Three of the propositions focus on environmental policy. In contrast to the moderate consensus of disagreement found in the two earlier surveys, the 2011 sample now exhibits a substantial consensus of disagreement with the proposition that reducing the power of the Environmental Protection ...
Using the relationship between rents for New York city apartments and commute times, fivethirtyeight.com finds that the average commuter is willing to pay $56 a month to reduce commute times by 1 minute.
Here's a picture:
This study applies the methodology of a recent study that ranks economics departments at national universities in the U.S. South to economics faculties at regional universities in the same geographic location. Ranking results from a â€ścoreâ€ť (i.e., the top five faculty researchers) of each institution's economics faculty reveals that Appalachian ...
This is truly frightening:
Cheating has become second nature to many students. In studies, more than two-thirds of college students say theyâ€™ve cheated on an assignment. As many as half say theyâ€™d be willing to purchase one. To them, higher education is just another transaction, less about learning than about obtaining ...
Humans are not good for the planet. But humans are the only ones capable of judging good from bad...as far as we know right now. So if humans didn't exist, would the planet be better off or worse off? Who would judge?
And all of that is irrelevant to ...
President Obama is set to vastly expand a marine sanctuary northwest of the main Hawaiian Islands, White House officials said Thursday, creating the worldâ€™s largest protected marine area as he seeks to cement ...
Abstract from O. Ashton Morgan, John C. Whitehead & William L. Huth, Journal of Environmental Economics and Policy, Vol 5, No 3, Pages: 283-297:
Traditional revealed and stated preference models consider a typical individual's behavioural responses to various policy-based information treatments. For some costâ€“benefit applications in which resource managers are concerned with ...
Do all industries react like this when their risky product is recognized as such?
It may seem obvious that taxing sugary drinks causes people to drink less of them. But thatâ€™s actually controversial.
Now a new study out of Berkeley, Calif., adds to the evidence that our intuition is right.