Timothy Taylor Global Economy Expert

Timothy Taylor is an American economist. He is managing editor of the Journal of Economic Perspectives, a quarterly academic journal produced at Macalester College and published by the American Economic Association. Taylor received his Bachelor of Arts degree from Haverford College and a master's degree in economics from Stanford University. At Stanford, he was winner of the award for excellent teaching in a large class (more than 30 students) given by the Associated Students of Stanford University. At Minnesota, he was named a Distinguished Lecturer by the Department of Economics and voted Teacher of the Year by the master's degree students at the Hubert H. Humphrey Institute of Public Affairs. Taylor has been a guest speaker for groups of teachers of high school economics, visiting diplomats from eastern Europe, talk-radio shows, and community groups. From 1989 to 1997, Professor Taylor wrote an economics opinion column for the San Jose Mercury-News. He has published multiple lectures on economics through The Teaching Company. With Rudolph Penner and Isabel Sawhill, he is co-author of Updating America's Social Contract (2000), whose first chapter provided an early radical centrist perspective, "An Agenda for the Radical Middle". Taylor is also the author of The Instant Economist: Everything You Need to Know About How the Economy Works, published by the Penguin Group in 2012. The fourth edition of Taylor's Principles of Economics textbook was published by Textbook Media in 2017.

 

The Downfall of US Mobility

Americans are moving less, although the reasons aren't clear. The US Census Bureau has just released an updated set of tables and graphs showing the trend.

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Some Alternative Baskets of Goods for Measuring Inflation

When explaining or teaching about measures of inflation, a usual starting point is to talk about a "basket" of goods -- for example, a combination of goods that reasonably represents a typical pattern of consumption for urban households underlies the Consumer Price Index. Basic measures of inflation look at what it would cost to purchase this same basket of goods at two points in time.

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Gender Wage Gaps Around the World

On average, women around the world are paid 15.6% per hour less than men. The Global Wage Report 2018-2019, just published by the International Labour Organization, devotes two main chapters to the theme "What lies behind gender pay gaps." The general tone of the report sounds like this (citations omitted for readability):

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Online Dating and Interracial Marriage

Online dating has already altered romance, and it may be on its way to altering society more broadly by changing the way that people from different groups make connections. Josué Ortega and Philipp Hergovich provide some evidence and analysis in "The Strength of Absent Ties: Social Integration via Online Dating". Here's some striking evidence that they cite from another paper on the rise of online romance, which explains why interracial match are trending.

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Teacher Absenteeism in the U.S.

It is of course arbitrary to draw a line about what level of absence of a K-12 teacher should be considered "chronic," but a common line seems to be more than 10 absences per year. The data on teacher absence is collected nationally by the federal Office of Civil Rights. The most recent data is for the 2013-14 school year, and it's now being used by various researchers. Here's one bottom line from David Griffith in "Teacher Absenteeism in Charter and Traditional Public Schools (Thomas B. Fordham Institute, September 2017).

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