If the US economy had considerable intergenerational mobility–that is, if the children growing up in lower-income households had a reasonably good chance of ending up as adults in higher-income households, and conversely the children growing up in higher-income households had a reasonably good chance of ending up as adults in lower-income households–then I would be less concerned about the extent of income and wealth inequality.
The surprise terrorist attack on Israel by Hamas has created a new geopolitical crisis with many unexpected implications.
Claudia Goldin has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 “for having advanced our understanding of women’s labour market outcomes.”
Claudia Goldin has won with this year's Nobel Prize in Economics for her groundbreaking contributions to the field of women's employment and pay.
It is disheartening to hear government officials tirelessly repeat an entirely unjustified message of economic euphoria.
The new artificial intelligence technologies are getting a lot of buzz.
About a month ago, I wrote a “Is the US Economy Seeing an Upsurge of New Firms?” based on some patterns I had noticed in the data.