Vertical integration

In defense of diplomas: With 40-years old data, Katz & Murphy predicted that the skill premium in wages would grow 3 percent per year minus any movement down the demand curve due to increased skills in the workforce. 3 percent is a lot; rarely since WWII has skill accumulated enough to reduce...1/3

Video version: youtu.be/1zcIko_L_40?...

This gem of price theory is useful for public, macro, and labor. Once seen, it's obvious. Yet is quite rare, at least in published textbooks or article. 1/3 youtu.be/qv1JFjT8QeM?...

Short and sweet from Cass Sunstein. casssunstein.substack.com/p/a-note-on-...

Murphy, Topel, Philipson, and Mulligan: www.youtube.com/watch?v=GY7Y...

Several good bits in this trip down memory lane. www.wsj.com/economy/infl...

A thread by @dieworkwear.bsky.social argued that clothes are not made as well as in the past. IMO that is also the case for appliances. Now other durables as well according to WSJ. Why a reduction in durability of durables, as tech progress advances? www.wsj.com/lifestyle/co...

Price Theory is Essential for Causal Inference! Don't miss out -- understanding these 18 minutes will change how you do economic measurement. www.youtube.com/watch?v=1zcI...