Edward Conard

Top Ten New York Times Bestselling Author

  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
Upside of Inequality Unintended Consequences Oxford
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Academic paper

Why the U.S. Needs A Lot More Ultra-High-Skilled Immigration

Why the U.S. needs a lot more ultra-high-skilled immigration via @AbacusNews. ... Read More

New Study Finds Mortgage-Backed Bonds Issued Pre-Crisis Were Properly Rated

New Study Finds Mortgage-Backed Bonds Issued Pre-Crisis Were Properly Rated

A new study published by the NBER examines the losses suffered by AAA-rated mortgage securities issued in the lead up to the financial crisis. The study finds: “Total cumulated losses [on AAA-rated securities] up to 2013 are under six percent. … The subprime AAA-rated RMBS did particularly well. … [The] returns on AAA RMBS strike us as rather reasonable, and unlikely to have thrown the financial system into the abyss. … Together, these facts call into question the ... Read More

More Evidence Declining Manufacturing Reduced Lower Skilled Employment

More Evidence Declining Manufacturing Reduced Lower Skilled Employment

The University of Chicago economist Erik Hurst finds: A 10 percentage point decline in the local manufacturing share [no matter the reason] reduced local employment rates by 3.7 percentage points for prime age men and 2.7 percentage points for prime age women. To put the magnitude in perspective, naively extrapolating the local estimates suggests that between one-third and one-half of the decline in employment rates and annual hours for prime age workers during the ... Read More


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