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 and Urban Economics

December 31, 2018, 1:26 pm, 1933089
The New York Times reports that there is an over-building of apartments in many cities in China creating empty "ghost towers" and perhaps foreshadowing reduced future consumption if apartment owners suffer a negative income effect due to falling prices. 

At the same time that there are many ...

December 14, 2018, 9:07 am, 1929358
In New York City, Hong Kong, Shanghai and London and Paris,  rich people live in apartments.  President Trump owns several apartments in Manhattan.  Poor people also live in apartments.  These apartments are of different sizes, located in different areas and in different buildings and apartments are of different quality levels ...

December 11, 2018, 11:07 am, 1928446
The protests in France over raising gasoline taxes there highlights that middle class people understand that higher carbon taxes have income effects.  If you drive 15,000 miles a year and if your vehicle achieves 30 miles per gallon and if the price of gasoline increases from $4 to $4.40 ...

December 2, 2018, 10:08 am, 1925761
The New York Times published an interesting piece about how U.S energy infrastructure might be affected by climate change.   At the end of the piece, there is a nuanced quote about whether the energy companies will experience large profit losses due to climate change.  For some, this would be ...