Does the internet limit immigrant assimilation?
This paper documents the effects of new communication technologies on immigrants’ socio-economic integration, spatial and job segregation, and networking behavior. Combining data on home-country...
View ArticleReupping my post on the vibe shift
You can re-read it here. Much-maligned at the time, I might add. The post Reupping my post on the vibe shift appeared first on Marginal REVOLUTION.
View ArticlePolitical Sorting in the U.S. Labor Market
That is the central topic of the job market paper of Sahil Chinoy from Harvard University. Here is the abstract: We study political sorting in the labor market and examine its sources. Merging voter...
View ArticleWhat is the Best-Case Scenario for a Trump Presidency?
The economy is strong and Trump has a significant opportunity to simply take credit for that if he avoids major disruptions. While he must fulfill some of his campaign promises, people voted for Trump...
View ArticlePrediction Markets for the Win
The prediction markets predicted the election outcome more accurately and more quickly than polls or other forecasting methods, just as expected from decades of research. In this election, however,...
View ArticleDo you want a Democratic or Republican doctor?
Political polarization is increasingly affecting policymaking, but how is it influencing professional decision-making? This paper studies the differences in medical practice between Republican and...
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China’s Libertarian Medical City
You’ve likely heard of Prospera, the private city in Honduras established under the ZEDE (Zone for Employment and Economic Development) law, which has drawn global investment for medical innovation....
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Info Finance
Excellent post by Vitalik on prediction markets and the broader category of what he calls info finance: Now, we get to the important part: predicting the election is just the first app. The broader...
View ArticleWhere are incumbents still popular?
From my email, here is your Switzerland fact of the day: The media is awash with stories about western countries incumbent parties losing elections in the last two years:...
View ArticleHow to make DOGE work
That is the topic of my latest Bloomberg column, here is one excerpt: Another priority should be to deregulate medical trials. America is now in a golden age of medical discovery, with mRNA vaccines,...
View Article*Is Inequality the Problem?*
Lane Kenworthy has a book coming out next year, I have read it, and it is superb (rooftops) and also very important. Here is a brief excerpt: Rich democratic nations with higher levels of income...
View ArticlePeter Coy on DOGE
The federal government doesn’t have the people it needs to adequately monitor and vet its enormous streams of payments to defense contractors, hospitals and individuals. For example, administrative...
View ArticleHow DOGE is really going to work
In the last few days, Vivek has issued a series of tweets showing he understands how the regulatory process works. That is good, but in turn it means DOGE ambitions end up scaled down. Now there is a...
View ArticleSunstein on DOGE
Good advice from Cass Sunstein, who did improve government efficiency as head of OIRA: There is a major focus these days on the topic of government efficiency, spurred by the creation of what is being...
View ArticleMilei and populism
Bryan Caplan and Daniel Klein both opine on Milei and populism, Dan being very enthusiastic, while Bryan praising Milei but more reserved in his praise of populism. I too am a big fan of Milei, and I...
View ArticleWhy more South Asian than East Asian CEOs?
Analyses revealed that East Asians faced less prejudice than South Asians and were equally motivated by work and leadership as South Asians. However, East Asians were lower in assertiveness, which...
View ArticlePrediction Markets Podcast
I was delighted to appear on the a16z crypto podcast (Apple, Spotify) talking with Scott Duke Kominers (Harvard) and Sonal Chokshi about prediction markets. It’s an excellent discussion. We talk about...
View ArticleThanksgiving and the Lessons of Political Economy
It’s been a while so time to re-up my 2004 post on thanksgiving and the lessons of political economy. Here it is with no indent: It’s one of the ironies of American history that when the Pilgrims first...
View ArticleAssisted dying in the UK
I would say that overall I am more suspicious of “assisted dying” policies than are many of my libertarian friends. I am fine with legalizing suicide, but I get nervous when a state — especially a...
View ArticleMy excellent Conversation with Stephen Kotkin
It was so much fun we ran over and did about ninety minutes instead of the usual hour. Here is the audio, video, and transcript. Here is part of the episode summary: Tyler sat down with Stephen to...
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