Category Archives: Timothy Taylor is my Favorite Blogger

Interesting Sociology

From a Joint Economic Committee Report. In the early 1970s, nearly seven in ten adults in America were still members of a church or synagogue. While fewer Americans attended religious service regularly, 50 to 57 percent did so at least … Continue reading

Posted in culture, Timothy Taylor is my Favorite Blogger | 10 Comments

Interfirm Inequality

Timothy Taylor writes, a rise in between-firm inequality suggests that the US and other leading economies are becoming a more economically segregated, in the sense that those with high pay and those with lower pay are becoming less likely to … Continue reading

Posted in business economics, income distribution-wealth-poverty, Timothy Taylor is my Favorite Blogger | 11 Comments

The Case for Government Statistics

Nicholas Eberstadt, Ryan Nunn, Diane Whitmore Schanzenbach, and Michael R. Strain write, Objective, impartial data collection by federal statistical agencies is vital to informing decisions made by businesses, policy makers, and families. These measurements make it possible to have a … Continue reading

Posted in Economic education and methods, Mark Thoma is Indispensable, Timothy Taylor is my Favorite Blogger | 6 Comments

Jonathan Parker Discusses Financial Behavior

In an interview format with Aaron Steelman. Pointer from Timothy Taylor. Interesting throughout. A few tidbits: people don’t spend the money the week before it shows up — they spend it the week it shows up. And it seems like … Continue reading

Posted in behavioral economics, income distribution-wealth-poverty, Timothy Taylor is my Favorite Blogger | 8 Comments

Household Services: I have a different take

Timothy Taylor reports, The value of household services was equal to about 37% of GDP in 1965, but is currently equal to about 23% of GDP. Tyler Cowen implies that this is a bad thing. I think of it this … Continue reading

Posted in Introductory Economics, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | 22 Comments

Economists, Empiricism, Humility, etc.

Peter Dorman writes, what passes for empiricism in economics at present is often deficient in an empiricist, self-critical spirit and methodology. At the same time, the debates over topics like the minimum wage, the effects of charter schools on educational … Continue reading

Posted in Economic education and methods, Mark Thoma is Indispensable, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | 2 Comments

Labor’s “share” in a Garett Jones World

Timothy Taylor looks at an article on the secular decline in labor’s share of income, and he concludes These explanations all have some plausibility, but it isn’t clear to me that, taken together, they adequately explain the fall of more … Continue reading

Posted in business economics, Growth Causes and Consequences, income distribution-wealth-poverty, Timothy Taylor is my Favorite Blogger | 7 Comments

Health Care Spending in the Gray Area

Timothy Taylor finds a report from the OECD. Taylor writes, The report divides the evidence into three main categories: wasteful clinical care (care that either provides very low value or can even be counterproductive to health); operational waste (like paying … Continue reading

Posted in Economics of Health Care, Timothy Taylor is my Favorite Blogger | 21 Comments

Timothy Taylor on Capital Allocation

He writes, I’m not opposed to spending more money on fixing up roads and bridges and other physical infrastructure–indeed, it’s often an investment fully justified by cost-benefit analysis–but I am dubious that 21st century economic growth is going to be … Continue reading

Posted in Politics, Timothy Taylor is my Favorite Blogger | 10 Comments

The Economics of a Border-Adjustment Tax

Timothy Taylor writes, Most countries around the world and all high-income countries other than the United States have “border adjustments” in their tax code, but a key point to recognize is that border adjustments are typically part of a value-added … Continue reading

Posted in Introductory Economics, public choice, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | 6 Comments