In the human capital field, Carruthers and Wanamaker write: The gap between black and white earnings is a longstanding feature of the United States labor market. Competing explanations attribute different weight to wage discrimination and access to human capital. Using new data on local school quality, we find that human capital played a predominant role in determining 1940 wage and […]
Category Archive for 'Flotsam and Jetsam'
Here is the statement from our Board Chair. My favorite line of the entire thing: the real world is NOT a philosophy class.
Today I reprint a slightly edited piece I put together several years ago. I’d change a lot of it if I were to do it over. Happy Thanksgiving to all. Four centuries after the celebration of the first Thanksgiving, there is still widespread disagreement about the reason for the Pilgrims’ feast. But whether it was […]
Posted in Flotsam and Jetsam on Nov 19th, 2015
Can someone do the following calculation or at least ask the question? How much political capital and actual resources have been dedicated over the last 20 years in promoting ethanol, wind, solar, electric cars, green jobs, etc.? How much political and propagandic energy has been expended in discussing signing on to major climate agreements? What […]
Shocker – an author that I know writes lots in support of unions finds evidence in support of unions. In this case, Richard Freeman, et al, suggest a link between unions, a successful middle class and mobility. To be fair, Freeman’s seminal book is more even-handed than you might think. However as far as this […]
Within the black population, having an African-American name seems to be related to living one-year longer than if you did not have a uniquely African-American name. The revival (and labor market prospects) of Economic History? My colleague Stan Engerman could rightly be credited with some of this through his innovative work in Cliometrics. Low income […]
In my inbox, a few items of interest: The race of your Teaching Assistant matters for your subsequent class performance. Note that my courses select undergraduate TAs prior to the semester beginning. I wonder where administrators would go with this information – recommending more racial sorting? Yikes? There has always been a very close relationship between the […]
In this week’s research, top choices include: Caroline Hoxby and George Bulman address the question of whether federal tax deductions for college tuition payments promote college attendance. In their words: Although many eligible households take nearly the maximum deduction allowed, we find no evidence that it affects attending college (at all), attending full- versus part-time, attending four- versus […]
Wished I were clever enough to write a post combining those topics, here are a few papers that caught my eye: Toilets CAN work. Lest you think that is a trite observation, note that one of the most puzzling aspects of development and global charity for decades has been the understanding of the importance of […]
Imagine we celebrated, “Entrepreneur Day,” in celebration of the risk taking, passion and drive of thousands of entrepreneurs who contribute to our remarkable existence. But in the spirit of the holiday. ..