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October 9, 2024
Learning the Right Lessons from the “China Shock”
…and Hanson-style instruments and ending their time period in 2007. They find job losses from Chinese import competition totaling 671,000 alongside export-driven job gains of 1.2 million. I argue that…
October 9, 2024
Two Cheers for California’s Ban on Legacy Admissions
…had already banned legacy admissions since 1998.) There’s a lot to like about what California just did. Research by Harvard University’s Raj Chetty has found that a legacy applicant is four times…
October 8, 2024
Harris Housing Subsidies: A Recipe for Repeating Past Mistakes
…housing units over four years and $100 billion in down payment assistance to first-time homebuyers. Unfortunately, history tells us her plan would be worse than doing nothing. The combination of…
October 8, 2024
Unplanned Obsolescence
…emerging transportation technologies. This process is how capitalism works and how living standards rise over time. Of course, it is ironic that the computer science field, which has spent years…
October 3, 2024
The New “Old Girls Network” in the American Workplace
…between men and women in the workplace are likely to grow over time as noncognitive or “soft” skills grow in importance while manual, repetitive tasks—once common in traditional manufacturing—continue to decline. Even…
October 2, 2024
The effect of taxes and transfers on low-earning workers’ income.
…fallen over time, while transfer rates have fluctuated with the business cycle. Men’s earnings after taxes and transfers rose a bit more than their pre-tax and -transfer earnings. Read the…
October 2, 2024
AOC’s “Social Housing” Dead End
New York representative Alexandria Ocasio-Cortez, an avatar of the progressive Left, recently shared her vision of how America’s housing shortage should be addressed in a New York Times op-ed cowritten with Senator Tina…
October 2, 2024
Higher Education: Making Education Beyond High School Work for All
…restore rationality to the federal student loan system by limiting the amount students can borrow and holding colleges financially responsible for unpaid student loans. At the same time, both Congress…
September 30, 2024
Our Academic Productivity After the Council of Economic Advisers
Abstract Gordon Tullock wrote that government economists found capable of “firefighting” are assigned to do more of it, “with the result that the higher ranks of government economists aren’t able…
September 27, 2024
Justice at Any Cost?
…limitations on such claims, putting insurance companies on the hook for decades-old incidents. In fact, they may not have even been responsible for insuring the parties at the time but…