Economic Logic

We have all heard about the controversy whether minimum wages increase or decrease low-wage employment. But what is its effect on wages? Pre...

At least since the work of Kjetil Storesletten , we know that it is possible to find an immigration policy that can make social security sus...

Marriage is an implicit contract that is very difficult (and costly) to renege on. But it is an institution that has been around for a very ...

I finally came around to read Olivier Blanchard's State of Macro paper that was discussed in other blogs when it came out. I am not sur...

If you still think that people are honest on Wall Street, you need to read the article on forensic finance in the latest issue of the Journa...

Now that the presidential campaign in the United States is finally entering its last stretch, let me expose my thinking about what I look fo...

It is becoming increasingly popular to delay the entrance of children into first grade, or red-shirting them to use a term for university sp...

Soon after yesterday's post about the surprising increase in US adult literacy between ages 16-17 and 26-30, I stumble in the latest NE...

Browsing through the latest issue of the Journal of Economic Perspectives, I stumbled on puzzling numbers on education in the article by Eli...

Following up on my earlier post on candidate attention, David Strömberg emails me about an interesting update to his article. He uses his ...

How is it possible that stocks could be dropping this fast all over the world while the current crisis is mostly limited to the US financial...

Now that the US has passed this unfortunate bailout package, other governments around the world are eager to pursue similar policies. This i...

A popular complaint by faculty is that they do not have enough time for research and spend too much time on teaching and administrativa. A c...

The oldest trade usually pays well, even where it is legal. Why so? Prostitution is low-skilled, labor intensive and female, all attributes ...

There are plenty of blogs trying to predict who is going to win the next Nobel Prize. Let's introduce some objectivity in this by using ...