Eaton Professor of Economics at the University of Colorado, Bloomberg Columnist, and Independent Blogger on economics, politics, religion & fighting obesity
The lower the wage quintile, the harder hit by the pandemic. cc @_RuchirAgarwal From
Countervailing power: "The ability of hospitals to raise prices after mergers is significantly blunted in markets with few health insurers" From "Concentration and Pricing Power: Hospitals versus Insurers"
The results of Texas's 10% rule provide identification for important effects: "Pulled-in students also enjoyed higher earnings 9 to 11 years after high school graduation." But didn't seem to reduce earnings for pushed out students. .
Elizabeth Warren’s suspicion of Wall Street is her least radical position. This is where she is on the most solid ground. Wall Street deserves much fiercer oversight. In particular, leverage should be limited and corporate borrowing taxed more heavily.