Wednesday, October 31, 2018

Wrap Up for October 2018

"One of the first steps to helping people out of homelessness is getting them a steady job. But what about the thousands of homeless Californians who are already working?"

Healthcare: Some supply side considerations

"Getting health insurance through work now costs nearly $20,000."

Will robots be in charge of vertical farms?

"Place-Based Policies for Shared Economic Growth" (PDF) Edited by Jay Shambaugh and Ryan Nunn

"Surprise" medical billing is one of the major financial fears.

Ian Hathaway provides a concise update of global level venture capital.

"Risk is what's left over when you think you've thought of everything."

Sometimes people can glimpse what the future may look like, but are simply unable to put together a good response.

There's plenty of variance in labour force participation rate by country.

"How fast can buildings be built these days?" On the other hand, as Scott Sumner notes, other building projects fare worse than skyscrapers.

Neural networks, explained.

Despite the fact real wages remain flat, real income is rising due to gains in both hours worked and employment levels. "Annual income depends not only on wages, but also on the number of hours a person works in a year and the share of the population that is working."

Romer and Nordhaus for the Economic Nobel prize 2018
Tyler Cowen lists helpful references for Paul Romer. Also for William Nordhaus
Joshua Gans explains their primary contributions.
A Fine Theorem goes into greater detail for both, with "How we create and destroy growth"
Timothy Taylor's post also highlights two essays on this year's winners released from the Nobel committee.
Chad Jones re Romer: Ideas are not depleted by use

If only more of us had been "warned" when we were (much) younger. Nevertheless, much about the workplace was quite different, decades earlier. Once, it was relatively easy to get good work without a college degree. "Working past 65? It's easier to do if you graduated college."

Ash Milton of Palladium Magazine challenges the libertarian ideal of charter cities and more recently, innovative governance.

When it comes to nurse practitioners, progress is slow.

Soft law as "the worst of all systems, except all the others before it." Soft law could also eventually prove important for the use of knowledge in local settings.

Over the past few decades, the "spatial equilibrium" has shifted.

"The Forgotten Americans represent 30 percent of the working age population, are in the bottom half of the family income distribution, and lack a college degree."

Perhaps the best way to approach solution aversion is to have more than a single solution. For instance, walkable communities could help the environment without imposing restrictions on everyone, and also help people who need viable options to auto transportation.

Will the dollar lose its "exorbitant privilege"?

Has corruption become the world's most important problem?

Recessions are quite different from structural problems.

Truth has many sides.

If something can be replicated, it can also be made interchangeable.

"It is entirely within the scope of a Malthusian economy to have (1) positive productivity changes such as increased commercialization and market access, (2) positive population growth, and (3) stagnant output per worker."

Twenty innovations in healthcare

"In a recent National Association of Realtors survey, only 10 percent of respondents want to live in single-use housing subdivisions."

Process knowledge is an important part of technology. Also, Dan Wang's initial essay.

Benjamin Reinhardt suggests there are eight innovation channels.

What has happened to accountability in an administrative state?

Japan has developed a unique "hometown" tax.

James Pethokoukis discusses debt and entitlements with James Capretta.

Real output growth in the past decade is still less than real economy growth during the 1930s.

What explains the early stage retreat? Will other regions still be able to successfully compete in the near future with established regions? The "new normal" is about a third to a quarter below the 2015 peak.

"modern marketplaces get their power from aggregating the demand side"

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