Category Archives: Timothy Taylor is my Favorite Blogger

Disaggregating the economy: cost of living

Timothy Taylor writes, here are the US states color-coded according to per capita GDP with an adjustment for Regional Price Parities: that is, it’s a measure of income adjusted for what it actually costs to buy housing and other goods. … Continue reading

Posted in disaggregating the economy, Timothy Taylor is my Favorite Blogger | 7 Comments

Peter Zeihan’s world view

I am reading his book The Absent Superpower. You can get a lot of his ideas by watching this video. You can also see his intellectual style, which is certainly more confident than mine. He deals in strong pronouncements, and … Continue reading

Posted in books and book reviews, Four Forces Watch, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | Tagged | 9 Comments

Changes in the distribution of net worth

From an article in Bloomberg: In 2007, half of families had a net worth of $139,700 or more and half fell below this level. By 2016, the midpoint dropped to $97,300 — a decline of $42,600. Families ranked in the … Continue reading

Posted in income distribution-wealth-poverty, Timothy Taylor is my Favorite Blogger | 6 Comments

Bobos and their children

David Brooks writes, The educated class has built an ever more intricate net to cradle us in and ease everyone else out. It’s not really the prices that ensure 80 percent of your co-shoppers at Whole Foods are, comfortingly, also … Continue reading

Posted in David Brooks, income distribution-wealth-poverty, Timothy Taylor is my Favorite Blogger | 27 Comments

Teleological political theory

Timothy Taylor writes, It can be hard for group with weak hierarchies to make decisions. Group members need to find a balance between making their own contributions in some areas but acquiescing to the group in others. To make this … Continue reading

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

The make-or-buy decision with respect to human capital

From a National Academy of Sciences report: As long-term employment becomes less common, new ways of providing for health care and pensions for all workers need to be considered that transcend their relationships with particular employers. For example, one option … Continue reading

Posted in business economics, links to my essays, Timothy Taylor is my Favorite Blogger | 10 Comments

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