The Dangerous Economist
The Blog of Cyril Morong
Thursday, January 12, 2023
Some good news on inflation: The CPI fell in December for the second straight month and is up only 0.16% over the last 6 months
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Here is the Consumer Price Index for each of the last three months: Oct. 298.012 Nov. 297.711 Dec. 296.797 The 296.797 means that what cos...
Tuesday, January 10, 2023
Will Studying Economics Make You Rich? A Regression Discontinuity Analysis of the Returns to College Major
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See By Zachary Bleemer and Aashish Mehta . People who majored in economics might earn more money than the average college major. But that do...
Monday, January 09, 2023
Will technology cost artists their job?
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Structural Unemployment -unemployment caused by a mismatch between the skills of job seekers and the requirements of available jobs. One...
Sunday, January 08, 2023
Have labor markets worked recently the way the textbook says they work?
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See Small Businesses Find Some Relief From Hiring Woes (has the MVP study) by Ruth Simon of The WSJ. Excerpts: "Small-business owners...
Friday, January 06, 2023
The percentage of 25-54 year-olds employed rose 0.4 percentage points in December after 3 months with declines; average hours worked keep falling
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One weakness of the unemployment rate is that if people drop out of the labor force they cannot be counted as an unemployed person and the ...
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