milescorak.com - Profile | ThreadSky | a Reddit-style client for Bluesky

As I mentioned, Israel has had an extraordinary fast increase in inequality, exceeding around 2010s even inequality in the US (Israel's Gini of 43 which is close to Latin American levels). Inequality has since gone down to Gini of 38 which is still a very high number.

submitted 2 days ago • 1 comment

“It is tempting to blame ai for these waning opportunities. The tech looks capable of automating entry-level “knowledge” work, such as filing or paralegal tasks. Yet the trends described in this piece started before Chatgpt.” #EconSky

submitted 3 days ago • 0 comments

What does Donald Trump's second term mean for Canada? Pulitzer Prize-winning @nytimes.com columnist @thomaslfriedman.bsky.social joins @spaikin.bsky.social on TVO Today Live to talk trade wars, diplomacy, and elbow's up globalization.

submitted 13 days ago • 2 comments

www.nytimes.com/2025/06/10/o...

submitted 13 days ago • 0 comments

Paper forthcoming in AJS! Your last chance to read as a working paper here

submitted 17 days ago • 3 comments

Just FYI: Martin Wolf and I will be doing a series of podcasts for the FT. Landing page here, but also on various platforms www.ft.com/wolf-krugman...

submitted 17 days ago • 18 comments

Interesting conversation about declining fertility, no part more so than this unpulled thread: Douthat: Do you have kids? Evans: No. No, I don’t.

submitted 23 days ago • 0 comments

Humanity drinks around 2bn cups of coffee every day. The good news for those who contribute to that figure is that regularly consuming moderate amounts doesn’t appear to be harmful. There may even be benefits https://econ.trib.al/8I5gIKl

submitted 23 days ago • 3 comments

Oh goodness, this is so true, and cuts both ways … it is more about just turning up and engaging with mentors. Technology often is a hurdle to get over rather than a support in developing constructive relationships #TeachEcon

submitted 23 days ago • 0 comments

"Australia’s system of award wages are, on average, the highest minimum wages in the developed world." Well, except that they are job specific and well over what we label as the National Minimum Wage. us11.campaign-archive.com?e=357b2b4c0b...

submitted 24 days ago • 0 comments

The World Under Capitalism: @brankomilan.bsky.social discusses global inequality and the composition of the new elites in the U.S. and China in this lecture at the Toronto Public Library. stonecenter.gc.cuny.edu/branko-milan...

submitted 25 days ago • 0 comments

🧵According to Professor Heckman, the ‘tyranny of the top five journals’… 1. …centralizes power in the hands of a select number of editors in a way that can be unhealthy. 2. …contributes to balkanization of the profession and enclaves, and stifles creativity. #econsky

submitted 32 days ago • 1 comment

A lecture series organized by the International Economic Association on the Economic Consequences of Automation and AI. Watch the videos by Pascual Restrepo, David Autor, and Joshua Gans. www.iea-world.org/automation-a...

submitted 33 days ago • 1 comment

Why does federal tax policy privilege the preservation of old dresses over the needs of churches or soup kitchens?

submitted 46 days ago • 1 comment

#Econ4All #TeachEcon

submitted 47 days ago • 0 comments

What are the Trends in Inheritance Across Developed Economies? Why is this important & What are the major drivers? Why has the Progressivity of inheritance tax been declining globally? I have talked about these issues in the Economist (@economist.com) podcast "Money Talks". tinyurl.com/khaekyre

submitted 49 days ago • 0 comments

Wonderful paper!

submitted 57 days ago • 0 comments

🚀 Excited to share that our paper, "𝗠𝗮𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗠𝗼𝘀𝘁 𝗼𝗳 𝗖𝗼𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗗𝗮𝘁𝗮: 𝗖𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝗘𝘃𝗶𝗱𝗲𝗻𝗰𝗲 𝗼𝗻 𝗜𝗻𝘁𝗲𝗿𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗠𝗼𝗯𝗶𝗹𝗶𝘁𝘆 𝘄𝗶𝘁𝗵 𝗦𝗶𝗯𝗹𝗶𝗻𝗴 𝗖𝗼𝗿𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻," is now officially published in the 𝙅𝙤𝙪𝙧𝙣𝙖𝙡 𝙤𝙛 𝘿𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙀𝙘𝙤𝙣𝙤𝙢𝙞𝙘𝙨 with 𝘖𝘱𝘦𝘯 𝘈𝘤𝘤𝘦𝘴𝘴! 📚🌍 Link 👉: doi.org/10.1016/j.jd...

submitted 61 days ago • 1 comment

The United States devolved into despotic authoritarianism perhaps because it lacked what other Western liberal democracies were careful to knit together: a social safety net wapo.st/445t7ts

submitted 62 days ago • 0 comments

Congratulations to HCEO member @s-stantcheva.bsky.social, who won this year’s John Bates Clark Medal from the AEA. The award recognizes her wide-ranging work that probes the impact of innovation, immigration, and investments in education. So well deserved! www.aeaweb.org/news/press-r...

submitted 62 days ago • 0 comments

Pope Francis was a master of making emotional connections. He was, at heart, a pastor to wounded souls. Here are some of the most memorable moments of Pope Francis' papacy.

submitted 63 days ago • 266 comments

New pod: "A lot of companies are definitely going to go under, that's for sure" I talked to Molson Hart, a manufacturing CEO, about how the tariffs are affecting his business. He told me America could be sleepwalking into a small business apocalypse. open.spotify.com/episode/2EP3...

submitted 67 days ago • 6 comments

Yes! Decades of research from @heckmanequation.bsky.social and others shows that quality early childhood education pays off. heckmanequation.org/wp-content/u...

submitted 67 days ago • 0 comments

How neoliberals turned to nature to defend inequality after the end of the Cold War. Hayek's Bastards by @quinnslobodian.com is out now. Learn more about this fascinating book: press.princeton.edu/books/hardco...

submitted 69 days ago • 0 comments

www.nytimes.com/2025/04/13/o...

submitted 71 days ago • 0 comments

“Globalization … has … enriched the United States … but the benefits accrued disproportionately to the affluent. In theory, the government could have redistributed those benefits more equitably; in practice, it did not.” #Econ4All #EconSky #TeachEcon www.nytimes.com/2025/04/12/o...

submitted 71 days ago • 0 comments

#Econ4All #TeachEcon read this excellent article highlighting the blind spot of simplistic economic theorizing, and the even bigger blind spot of current policy… that when it comes to labour markets change can be slow and costly. This is not part of the “comparative statics” playbook !

submitted 71 days ago • 0 comments

So a Canadian is responsible for the makeover of baseball? The article never states that the Ottawa homebase is the capital city of Canada #cdnpoli #ottpoli

submitted 71 days ago • 0 comments

1/ Things I didn't have to worry about as a young portfolio manager in 2008: - Treasuries not being risk-free - Sociopathic leaders tanking their own countries - Actual wars, trade wars, cyber wars, etc. - Geopolitical realignment - Left-field existential threats, e.g. man-made pandemics

submitted 73 days ago • 1 comment

⬇️ Canadian car travel to the U.S. fell 32% in March, year over year. International arrivals at major U.S. airports are tanking. Delta Air Lines is scrapping is financial guidance. The travel industry is a mess.

submitted 74 days ago • 6 comments

Today marks 100 years since the publication of F. Scott Fitzgerald’s #TheGreatGatsby. So #EconSky let’s celebrate by recalling how the #GreatGatsbyCurve got its name! The subtext of my post is that policy relevant research always needs a communication strategy milescorak.com/2016/12/04/h...

submitted 74 days ago • 0 comments

Do you believe the polls? Why yes, yes I do. www.thewrit.ca/p/election-w...

submitted 74 days ago • 4 comments

#Econ4All #TeachEcon

submitted 74 days ago • 0 comments

People are willing to forgo 15-30% of their wage to avoid hostile work environments. Women report a stronger distaste for exclusive workplaces and environments with sexual harassment and value hybrid work twice as much in the presence of sexual harassment. Collis & @clemvaneff.bsky.social

submitted 74 days ago • 13 comments

Difference between 2008-2009 crisis and today? In 2008-2009, government tried to help the economy. Today, the US government is deliberately harming the economy. More with Rahm Emanuel: www.youtube.com/watch?v=aTfV...

submitted 75 days ago • 16 comments

#Econ4All #TeachEcon www.nytimes.com/2025/04/08/a...

submitted 76 days ago • 0 comments

Glad to see this article. It is worth noting that the same inequity towards immigrants exists in Canada as well: some pay into programs for which they are ineligible, or where there are extreme barriers to access.

submitted 76 days ago • 0 comments

Alan Blinder shows that tax cuts have always increased deficits. After the 2017 tax cuts. “The federal budget deficit exploded into the trillion-dollar range well before the pandemic.” Review: upriverpress.substack.com/p/how… @princetonupress.bsky.social #economics #bookreviews #monetarypolicy

submitted 76 days ago • 0 comments

Last chance to apply to this year's Machine Learning in Economics Summer Institute, our AI/ML summer school for graduate students, co-organized with @sendhil.bsky.social @asheshrambachan.bsky.social @aleximas.bsky.social @lindseyraymond.bsky.social: www.chicagobooth.edu/research/cen... #econsky

submitted 76 days ago • 0 comments

My piece in the NYTimes on tariffs' effects on poor nations. You can read it for free without a subscription. www.nytimes.com/2025/04/06/o...

submitted 77 days ago • 2 comments

One challenge for trade policy, is that the benefits to consumers (like lower prices) feel vague & abstract—it's hard to see what we'd lose without free trade. Job threats feel immediate, driving support for protectionism. More recent on views on trade👇

submitted 80 days ago • 1 comment

I've been getting a lotta (positive!) feedback on this interview with PBS News Hour. It was sort of weird: Each question was of the form: "okay, but what about this argument for the Trump tariffs"? I just tried to use it as a teaching opportunity.

submitted 78 days ago • 43 comments

“I would not advise Carney to turn the other cheek toward U.S. tariffs, even though, on a straight cost-benefit position, that might make sense. Because you have to respond to that. You have to do something that appeals to Canadian national pride, which very much exists.” #cdnecon #cdnpoli

submitted 79 days ago • 0 comments

#Econ4All #TeachEcon #Econsky

submitted 79 days ago • 0 comments

#Econ4All #TeachEcon this is just the greatest most accessible explainer about the costs of mercantilism.

submitted 79 days ago • 0 comments

This is such a lovely and informative conversation between an articulate graduate student and a thoughtful, sensitive, writer.

submitted 80 days ago • 0 comments

Happy #JobsDay! At 8:30 am ET, BLS delivers what's usually one of the most-important signals abt how economy is changing. Forecasts’ center: +140K jobs Unemployment rate (UR) stable at 4.1%

submitted 80 days ago • 2 comments

#Econ4All #TeachEcon

submitted 80 days ago • 0 comments