factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: Why inequality matters
http://factsandotherstubbornthings.blogspot.com/2015/03/why-inequality-matters.html
Friday, March 13, 2015. The last twelve months have really been The Year of Inequality. It started with the English translation of Piketty's book and it has taken over the political agenda. Over the last year I've regularly heard too odd critiques of the preoccupation with inequality:. 1 Inequality doesn't matter, poverty does. 2 Inequality only matters if it comes through corruption, and in that case it's just a symptom. However, caring about poverty and corruption. The second reason why applications of...
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: February 2015
http://factsandotherstubbornthings.blogspot.com/2015_02_01_archive.html
Friday, February 27, 2015. John Taylor has one of the weirdest applications of Friedman's plucking model that I've ever seen. The weirdest application of Friedman's plucking model I've ever seen. Friedman did not show deep recessions can't have slow recoveries, he showed that the magnitude of the recovery is correlated with the magnitude of the crash and not vice versa (which is an argument against "cycle theories" where the reverse is true). Thursday, February 26, 2015. At Bob's blog I asked commenter S...
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: Data adjustments - not a conspiracy, just a part of empirical work in economics
http://factsandotherstubbornthings.blogspot.com/2015/04/data-adjustments-not-conspiracy-just.html
Tuesday, April 7, 2015. Data adjustments - not a conspiracy, just a part of empirical work in economics. I got an email today announcing an Urban seminar, and the abstract reminded me of some of the Piketty debates around Bob Murphy and Phil Magness's paper and subsequent discussions. Here it is:. Because they correspond to his conclusions! April 14, 2015 at 1:27 AM. You do yourself a real disservice, Daniel, when you make arguments such as these. April 14, 2015 at 7:56 AM. Re: And when the SCF doesnt su...
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: April 2015
http://factsandotherstubbornthings.blogspot.com/2015_04_01_archive.html
Tuesday, April 28, 2015. Brief reaction to Baltimore. Will Hogan be a VP? Thursday, April 23, 2015. David Henderson on Barbara Bergmann and the wage gap. I wanted to highlight this post by David Henderson. On the late Barbara Bergmann, much of which is a discussion of her writing on the wage gap. He promises more to come. While I'm posting more on her, I'll also point out that Taylor and Francis is providing f ree access to a special issue of Feminist Economics. Tuesday, April 7, 2015. Is a doctoral cand...
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: Does anybody have experience with a distributed lag model for panel data?
http://factsandotherstubbornthings.blogspot.com/2015/04/does-anybody-have-experience-with.html
Tuesday, April 7, 2015. Does anybody have experience with a distributed lag model for panel data? Does anybody have experience with a distributed lag model for a panel dataset? April 13, 2015 at 11:00 AM. Why are you using a lagged exogenous variable but not a lagged dependent variable (other than that the estimation issues are simpler w/o a lagged dep. var.)? Think about this for a moment. Consider the following situation:. 1) Your data have been at a long term equilibrium. April 14, 2015 at 10:29 AM.
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: May 2015
http://factsandotherstubbornthings.blogspot.com/2015_05_01_archive.html
Sunday, May 17, 2015. Don Boudreaux seems to pick and choose his view on average product and wages depending on what the liberal du jour is arguing. Recently, Don Boudreaux called Robert Reich sophomoric. For suggesting that productivity (as the BLS measures it) and real wages should move in tandem. Even an intro student could tell you that wages are determined by workers' marginal product, not their average product! Strong words coming from a guy that just a year ago. My view is this:. I love this graph.
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: Don Boudreaux seems to pick and choose his view on average product and wages depending on what the liberal du jour is arguing
http://factsandotherstubbornthings.blogspot.com/2015/05/don-boudreaux-seems-to-pick-and-choose.html
Sunday, May 17, 2015. Don Boudreaux seems to pick and choose his view on average product and wages depending on what the liberal du jour is arguing. Recently, Don Boudreaux called Robert Reich sophomoric. For suggesting that productivity (as the BLS measures it) and real wages should move in tandem. Even an intro student could tell you that wages are determined by workers' marginal product, not their average product! Strong words coming from a guy that just a year ago. My view is this:. Yah, DB is not ve...
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: March 2015
http://factsandotherstubbornthings.blogspot.com/2015_03_01_archive.html
Saturday, March 14, 2015. In the last sentence of the last post I alluded to the fact that things get more complicated when we move from caring about inequality to doing something about inequality. You can obviously never just use "fairness" to justify a policy solution not just because ends don't justify means (you have to know something about the ethics of the solution) but also because you have to demonstrate that there aren't other attendant ends that you. This is very much a ". Friday, March 13, 2015.
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: Wage gaps and occupational coefficients: with a specific example from a commenter
http://factsandotherstubbornthings.blogspot.com/2015/02/wage-gaps-and-occupational-coefficients.html
Thursday, February 26, 2015. Wage gaps and occupational coefficients: with a specific example from a commenter. I've said here before that in work I've done I've often used the word "disparity" rather than "discrimination" because "discrimination" confuses people - they think they know what it is, but it's a wishy-washy term. "Disparity" is broad but at least it's clear. I think other people would have other definitions of discrimination but this is a great one. I'm willing to run with it. She doesn't ge...
factsandotherstubbornthings.blogspot.com
Facts & other stubborn things: January 2015
http://factsandotherstubbornthings.blogspot.com/2015_01_01_archive.html
Saturday, January 31, 2015. New research on unemployment insurance benefit extensions. Recently, Hagedorn, Manovskii, and Mitman (hereafter HMM) released an NBER working paper. So the design I think is great. Mike Konczal does not agree with me on that. I think a much better criticism is offered by Dean Baker. Sunday, January 25, 2015. Responding to Levi Russell. Because I don't blog much these days so why not bring it up into a main post that a few other people might read. This is very much my point!
