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.


RSS Feed

Environmental and Urban Economics


May 16, 2018, 11:25 am, 1858055
Brad Plumer reports that Alaska's political leaders are crafting plans to reduce the state's GHG emissions.   The piece does not explain "why" these leaders are taking this action.  The piece names a few coastal parts of the state that are at risk of sea level rise and this could ...


May 16, 2018, 11:25 am, 1858056
Brad Plumer reports that Alaska's political leaders are crafting plans to reduce the state's GHG emissions.   The piece does not explain "why" these leaders are taking this action.  The piece names a few coastal parts of the state that are at risk of sea level rise and this could ...


May 10, 2018, 1:46 pm, 1855437
A new law in California will require that every new home built starting in 2020 must have solar panels.   I have studied the housing price premium commanded by solar homes in this and this paper.

Who is this new law binding for?  There are homes that ...


May 4, 2018, 4:07 pm, 1852857
Back in 2012, I had the opportunity to speak to Gary Becker.  I asked him about the real effects of higher taxes on human capital acquisition in the modern Internet economy.  In particular I asked him, "Would Mark Zuckerberg have invested an equal amount of time and effort in creating ...


April 30, 2018, 8:06 pm, 1848720
In December 2016, I wrote a short Amazon book on the economics of revealed preference.  I wrote this book after teaching "Econ 101" at USC.  While I have taught Econ 101 on and off for 25 years (starting back at Columbia University), I have now concluded that the right ...


April 30, 2018, 8:06 pm, 1848721
Now that 2017 is wrapping up it might interest some people to hear why I choose to work on some research questions.  For each paper I published in 2017, I offer a few "big picture" comments to explain what questions motivated the research.


April 30, 2018, 8:06 pm, 1848719
Roughly 15,000+ economists are trying to get to Philadelphia today for the annual ASSA meetings.   In a typical year, I greatly enjoy the meetings.  It is a place to see old friends, mentors, past students, co-authors and to attend sessions, meet with book editors and talk about economics.  This ...


April 30, 2018, 8:06 pm, 1848716
Winner's curse arises in cases where several bidders in an auction are unaware of the true value of the object.   In this auction, the most optimistic of the bidders will bid the most for the object.  Unfortunately, for the bidder --- the best estimate of the value of the object ...


April 30, 2018, 8:06 pm, 1848717
As we enter the recruiting season for both new MA and PHD students and recruiting new faculty, it is useful to collect some facts about where USC Economics ranks.   I find that vanilla rankings such as US News and World Report are backwards looking and based on outdated information.  So, ...


April 30, 2018, 8:06 pm, 1848718
The NY Times has published a very interesting piece on the unintended consequences of Clean Air regulation in China.   The piece makes some excellent points and then at the end of the piece it takes a punch at the autocratic state.   Permit me to make some economics points that ...