Very pleased that our review "Monopsony makes it big" for JEL is now officially forthcoming, joint with @sydneecaldwell.bsky.social and Suresh Naidu. Will post a WP version soon!

I have learnt a lot about pay setting in Scandinavian countries this week, and it has only highlighted how much more there is to learn. The great news is that there is a vibrant and generative research program studying pay setting here!

How important is a good manager? A study published in The Quarterly Journal of Economics shows that a manager’s leadership ability can be as important as the combined productivity of a team’s employees. The article, “How Do You Identify a Good Manager?”, is co-authored by Joseph Vecci.

Work from Home and Disability Employment: Dan-Olof Rooth

Piketty has a lot on this

Will do a Substack, but Sweden is a great example how inequality is complex. Once a textbook solidaristic economy, Sweden today is much more unequal. But it's largely a story of capital & upper tail income & taxes. Wage inequality rose much less, thanks to strong sectoral bargaining instituitions.

Lovar att säga till om det dyker upp en bild som motbevisar min tes

Merger proposals create a selection effect: even if market power and efficiency gains are unrelated overall, proposed mergers will often show a negative correlation between them, from @rmetcalfe.bsky.social, Alexandre B. Sollaci, and Chad Syverson www.nber.org/papers/w35221

michael kremer for nobel prize twice! please!! (another banger from paul)

Dagens obligatoriska läsning. Dela gärna vidare. etidning.dn.se/shared/artic...

boss makes a dollar, i make a dime. everyone contributes here at the mint

*** NEW RESEARCH *** Images of ICE targeting US cities have been commonplace in since January 2025. What's the economic effect of this new immigration enforcement regime on businesses, both workplaces and retailers, in targeted areas? Thread... 🧵

Bad news for capricorns: they earn less than other zodiac signs Good news for capricorns: it's not due to their zodiac sign

This chart is excellent. It’s really clear how Labour didn’t just lose votes on the margins, its coalition fully fractured into several pieces. Betraying your party’s core values to try to win over voters who loathe you is bad politics in a majoritarian system with several parties

nygammal snapsvisa

One of our job market candidates at Tilburg University had an offer withdrawn very late by the institution's rector because Tilburg is not ranked in the top 200 in the QS ranking. All of this after they assured our candidate that the rector's approval would be a formality... This is frustrating...

Löntagarfonder är ett jävla skit, men nu har vi baxat dem ända hit. ….men har ni läst fortsättningen?

Späckhuggare utanför Öckerö 😬

77 % minimilönebett. Noll effekt på sysselsättningen. Det är ett högre minimilönebett än det påstått höga i en del branscher i Sverige. @germanbender.bsky.social Apropå er text om svenska löner i Arbetsvärlden.

I wanted to pitch a sort of "Margin Call" in the Purge Universe, where the Lehman Brothers proxy was putting together its regulatory liquidity statement on the evening when all crimes were legal.

Obehöriga i spåret-tisdag

den enda gemensamma nämnaren för människorna som min bank visar mig när jag loggar in som jag kan se är att de har mer pengar på banken än mig

Work from Home and Disability Employment: Dan-Olof Rooth

I fredags körde SL med en jubileumsbiljett: Åk hela dygnet för 40 spänn. Man trodde att man på det skulle förlora 5,5 miljoner i biljettintäkter - i stället reste många fler och man gick plus 610 000. Billigare kollektivtrafik blir uppenbarligen billigare för alla.

Ny bok om Ångermanlands olympus

Gråtskrattar

Detta är en longshot. I min forskning fångar vi svidknott för att se vilka sjukdomar de sprider till olika fåglar. I de fällor vi använder behöver vi Johnsons baby oil gel med camomil doft. Nu har den slutats säljas och vi letar desperat efter nya flaskor. Vi måste ha samma doft för att kunna

Birthright citizenship is a powerful tool for reducing youth crime, from Leander Andres, Stefan Bauernschuster, Gordon B. Dahl, Helmut Rainer, and Simone Schüller www.nber.org/papers/w35070

> Men svenska Hassan var också på semester med sina barn, Roqaya och Zein. När de dödades av USA och Israels bomber, får de en passivt formulerad understreckare till huvudnyheten om krigets verkliga offer, bensinpriset.

"One of the challenges in defining ‘shadow’ fleet is that even if you resort to...terms like “opaque ownership structures”; “post-box addresses”; “obscure locations”;“shell companies”; “flags of convenience”“flag hopping” you just end up sounding like you’re describing the entire shipping industry"🤌

A Brave New World of Hiring: A Natural Field Experiment on How Asynchronous Interviews and AI Assessment Reshape Recruitment: Joseph Vecci

Namn på en väldigt borgerlig drag queen: Rut af Drag

Wrote another post based on a video with Markus Brunnermeier Use LLMs to lessen the large fixed costs of managing and organizing large databases. I use the setting of HMDA mortgage data to show how a massive 250m row db can turn into a trivial data exercise thanks to DuckDB + Claude Code.

This is worth reading

Think about this one like once every 45 minutes

A striking fact I learnt researching my book: For those in the bottom half, much of the real wage growth between 1979 and 2019 happened over just 7 "tight" years. For top wages, full employment wasn't a big deal. For bottom wages, it was the nearly the whole game.

I have a new article out on wage-earner funds, a famous attempt at economic democracy in Sweden in the 70s & 80s. It explores the funds' defeat, emphasising the issue's stronger resonance with businesses compared to workers & the Social Democratic Party journals.sagepub.com/doi/full/10....

Looking into the Meidner Plan and came across his calculations for when workers would, under different scenarios, gain majority control of their company

my working assumption is that Trump is mad at Reuters

A study on the identification and estimation of dynamic matching models of the labor market shows that usual measures of sorting and monopsony power are biased, from Cristina Gualdani, Elena Pastorino, Áureo de Paula, and Sergio Salgado www.nber.org/papers/w34973

I talk about minimum wage and monopsony in this Wall Street Journal piece. www.wsj.com/economy/jobs...

Interesting article about research into the effect of the minimum wage on employment By www.wsj.com/economy/jobs...

If you want to learn more about monopsony power, ranging from the intellectual history to how measure it today to some crazy stories involving collusion at the highest levels of the tech world, check out The Wage Standard. www.thewagestandard.com

fake news. guilt was invented by Battigalli and Dufwenberg in the early 2000s. bpb-us-e2.wpmucdn.com/sites.arizon...

Causal machine learning reveals that the heterogeneous impact of job displacement can be predicted in advance; substantial heterogeneity exists within firms and education groups, from Susan Athey, Lisa K. Simon, Oskar Nordström Skans, Johan Vikström and Yaroslav Yakymovych www.nber.org/papers/w34946

Stort ifall det här handlar om Khamenei d.ä. och inte d.y.