The Ukrainian translation of my top-ten New York Times bestselling book The Upside of Inequality is now available! ... Read More
New Study Shows 83% of Criminals Rearrested Within 9 Years
A 9-year Justice Department study shows 44% of released prisoners are rearrested within 1 year; 83% within 9 years. 77% of drug offenders are rearrested for non-drug related crimes including 34% for violent crime. On average, released prisoners are rearrested 5 times. ... Read More
Two charts show income inequality hasn’t risen as much as we’ve been led to believe
Two charts show income inequality hasn’t risen as much as we’ve been led to believe. ... Read More
Krugman’s Misleading Scandinavian Comparison
Paul Krugman wrote a misleading post comparing U.S. wages and productivity growth to Scandinavia without admitting that Scandinavia’s test scores are much higher than America’s. Comparing Scandinavia to Scandinavian-Americans instead of to Americans more broadly is a simple way to factor out the benefit of higher Scandinavian test scores. (If anything, Scandinavians with lower socioeconomic status immigrated to America.) On average, Scandinavian-Americans earn ... Read More
One Reason GDP Growth Accelerated Under Trump
One reason why real (peak-to-peak) GDP growth has accelerated from 1.5% per year during the Obama Administration to 3.3% per year under the Trump Administration. ... Read More
New Study Offers Worrisome News on Solutions to Global Warming
Some worrisome news from the Economist on global warming: “On October 19th, the International Energy Agency reported that doubling world GDP by 2040 would require only a small rise in energy demand if everyone adopted strict standards, like Japan’s for vehicle-fuel efficiency. … [According to their logic,] higher efficiency means less fossil fuel must be burned—and less planet-cooking gas belched—to power the global economy. But some economists are not so sure. [In] ... Read More
Study Shows Prediction Market Better Predictor of Scientific Reproducibility Than Editors of Nature and Science
A recent study shows a prediction market is a better predictor of scientific reproducibility than the editors of the journals Nature and Science (who have only a 62% chance of accurately identifying reproducibility). Telltale signs of irreproducibility include newsworthy results. "Consider the new results from the Social Sciences Replication Project, in which 24 researchers attempted to replicate social-science studies published between 2010 and 2015 in Nature and ... Read More
