Economy

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    Despite job losses, lower prices from trade with China have left US households massively better off.

Despite job losses, lower prices from trade with China have left US households massively better off.

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When China joined the World Trade Organization in 2001, exports to the US market surged. In new research Xavier Jaravel and Erick Sager find that the rise of lower priced Chinese imports also helped to reduce prices of US-made goods, increasing households’ purchasing power by about $1,500. They write that this large increase in US consumer purchasing power was […]

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    Book Review: …and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year by Michael Hudson

Book Review: …and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year by Michael Hudson

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In …and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year, Michael Hudson offers a historical account of the role that debt played in ancient societies. In focusing on how such societies dealt with the proliferation of debts that cannot be paid, this book sheds informative light on the significance of debt today, writes Alfredo […]

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    How disability compounds economic insecurity for already marginalized groups

How disability compounds economic insecurity for already marginalized groups

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More than 1 in every 8 Americans has a disability, and yet the role of disability with other characteristics such as race, gender, and education in contributing to disadvantage is relatively understudied. In new research, which uses sample data from more than two million Americans, Michelle Maroto and David Pettinicchio find that the effects of disability on poverty are greater […]

Book Review: The Politics of Land edited by Tim Bartley

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In The Politics of Land, editor Tim Bartley brings together contributors to highlight the significance of the neglected issue of land to political sociology. This is a highly informative volume that explores a range of issues related to the land-politics nexus beyond the top-down understanding of its role in capitalist accumulation with much potential for future sociological research, writes Alexander Dobeson. 

The […]

The 2018 trade war: consumers are paying a high price

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There is an almost complete pass-through of tariffs into prices paid by US importers; consumers pick up the tab, write Mary Amiti, Stephen Redding and David E. Weinstein.

Over the course of 2018, the Trump administration imposed import tariffs on approximately $283 billion of US imports, with rates ranging between 10 and 50 per cent. In response, US trading partners, […]

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    How the Panama Canal reshaped the economic geography of the United States

How the Panama Canal reshaped the economic geography of the United States

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More than a century ago, the opening of the Panama Canal revolutionized international trade by making it much quicker and easier to travel between the Atlantic and Pacific Oceans. But, write Stephan Maurer and Ferdinand Rauch, the canal’s opening also had a significant impact on the economic geography of the US. By examining county level data from 1900 to […]

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    Book Review: The Code: Silicon Valley and the Remaking of America by Margaret O’Mara

Book Review: The Code: Silicon Valley and the Remaking of America by Margaret O’Mara

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In The Code: Silicon Valley and the Remaking of America, Margaret O’Mara provides a new account of the region’s evolution that brings the US government into the story. The book offers a compelling narrative that tracks the key players and events that have underpinned Silicon Valley’s tremendous, but messy, rise, writes Robyn Klingler-Vidra, while also underscoring the gender imbalance and casual misogyny […]

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    Workers would give up half their hourly wages in exchange for a steady job

Workers would give up half their hourly wages in exchange for a steady job

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Freelancers, gig workers and the self-employed like flexibility, but they would much prefer job security, writes Nikhil Datta.

The past two decades have seen a large increase in the number of workers engaged in “atypical” work arrangements. This type of work includes employment like zero-hour contracts (ZHCs), gig work such as driving an uber or taskrabbiting, and various types of […]

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    Bias of screening: when noise makes your criteria perform poorly

Bias of screening: when noise makes your criteria perform poorly

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When you excessively screen job candidates, this could lower the expected average value of the accepted applicants, write Ehud Lehrer and David Lagziel.

Screening occurs almost anywhere around us at any given moment. Though we might not be aware, it is essentially a daily routine. We screen career choices and investment opportunities; we screen job applicants, projects, and articles. Even […]

July 13th, 2019|Economy|0 Comments|

Higher taxes tend to suppress innovation

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Taxes also affect the location decisions of people and firms, regardless of other benefits locations may offer, write Ufuk Akcigit, John Grigsby, Tom Nicholas and Stefanie Stantcheva.

Whether taxes affect innovation, and if so how, is a question of central importance to policy makers across the globe. Recent research has shown that tax policy can have a strong impact on […]

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