Inequality, labor market policies and competition.
Affiliations: NBER, IZA, MIT Shaping the Future of Work Initiative
Preorder my book, The Wage Standard: https://www.thewagestandard.com
Here's the @nberpubs working paper. Link: nber.org/papers/w32878
@ihsaanbassier.bsky.social & I start with simple stylised fact: lower productivity firms pay ~minimum wage, even as productivity increases.
What does this mean for rent sharing/passthrough? Employment? Profits?
Monopsony model + 🇿🇦 admin data = striking conclusions!
@ihsaanbassier.bsky.social & I start with simple stylised fact: lower productivity firms pay ~minimum wage, even as productivity increases.
What does this mean for rent sharing/passthrough? Employment? Profits?
Monopsony model + 🇿🇦 admin data = striking conclusions!
With my amazing grad student Tianshu Lyu www.tianshulyu.com, who is on the market. You should hire him!
paulgp.com/papers/finan...
With my amazing grad student Tianshu Lyu www.tianshulyu.com, who is on the market. You should hire him!
paulgp.com/papers/finan...
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
It increased competition, and raised wages, without harming employment or changing skill requirements.
Improved functioning of markets, helped workers.
HASSETT: The prices for those goods weren't necessarily going up just because of tariffs
KARL: So they might not go down?
@bharatramamurti.bsky.social and @nealemahoney.bsky.social
suggests a middle ground of careful use.
@bharatramamurti.bsky.social and @nealemahoney.bsky.social
suggests a middle ground of careful use.
www.thewagestandard.com
Pushing families off SNAP and hiking their healthcare premium doesn't seem like a winning strategy for turning that around.
Pushing families off SNAP and hiking their healthcare premium doesn't seem like a winning strategy for turning that around.
www.thewagestandard.com
www.thewagestandard.com
on his new book, by
@johncassidysays.bsky.social
(Link below in the thread).
on his new book, by
@johncassidysays.bsky.social
(Link below in the thread).
(h/t @arindube.bsky.social)
(h/t @arindube.bsky.social)