Christopher Clarke

@EconChrisClarke • 8,013 subscribers

"D1 Yapper but in a good way" - Rate my professor I do Economics Stuff over on TikTok. Assistant Professor (career-track) at @WSUPullman @WSUecons

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Christopher Clarke

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Its because we are richer that we have less household servants. Irish girls in 1862 Boston received a "large wage" of $3k in today's money. Appliances cut women's domestic labor by half. Yet Instead of celebrating greater gender &amp; wage equality, we complain.

Economist Stephen Moore claims BLS overestimated Biden job numbers by 1.5M. Unfortunately, he commits numerous errors. Over Biden's 4 yrs, the BLS initially underestimated jobs by 700k from the initial monthly estimate compare to the most recent benchmark.

No Planet Money! Not the Fake Graph! You can't compare mean productivity to median wages. When we do compare mean to mean, the gap disappears. Real median wages are not stagnating either. We need accurate data to solve today's very real problems. NPR's Planet Money

I think we now have real evidence that AI exposure is associated with job decline for age &lt;25. The Canary in the Coalmine paper addresses a lot of concerns. While economic science takes time; now is the time to think about policy responses. Erik Brynjolfsson Bharat Chandar Ruyu Chen

Despite a larger increase in the young college unemployment rate, non-college young workers have dropped out of the labor force. Overall? All young people saw job declines by the same rate. This isn't a college story. It's an early career story. Adam Ozimek Nathan Goldschlag 🧵

Should the new poverty line be $140k? No. It's inaccurate math. It's inaccurate English. Michael Green seems to use a "comfortable living wage" source, and relabel it as "poverty."

Economic research finds rent control benefits higher income earners by converting apartments into expensive condos. Unlike other controversies, econ theory, 50 yrs of data testing, and a simple supply &amp; demand model all tell the same story. We need to 🏗️ 🏘️ not mess with prices.

Economics still can't predict nor control recessions &amp; inflation very well. But it sure knows a thing about trade. Using a simple Ricardian gravity model of trade along with digitized cuneiform accounting records, we have new evidence for the location of lost Anatolian cities.

This is really fascinating. Forest and grassland converted to crops in 19th cent. 20th cent urbanization. But also notice some re-forestation in TX and South East. After 1920, total forested land is fairly stable. This was a lot of fun to make. Data from Hanqin Tian et al.

Deportations lowered demand for 🏠. But they likely lowered the supply of 🏠 by even more. Net effect? Increased prices. We've tested this. Given that the U.S. stopped 🏗️ 🏘️ 15 years ago, I'd say it's housing supply, not recent immigration demand that is the primary cause.

Nobody lied here. Please read tables more carefully. You say private grocery data (Datasembly: 2.7%) is higher than BLS (1.9%.) But Truflation is at 1.5%. Also, I think the OER complaints are valid, but their effects may not be that big. Zillow inflation is down. Zachary Foust

BLS preliminary estimates have actually increased their accuracy over time. There is always room for improvement and survey responses have decreased. Improved accuracy requires more resources, not less.

Claudia's Nobel winning research is economics at its best! Covering a previously understudied field; working towards greater equality; holistic in its approach; using both wide empirics, formal theory, as well as historical narratives; a generous mentor...and she's got a Goldie!

Are the economic Degrowth scholars actually choosing the "decent" standard of living they advocate for? Do they not have dryers, dishwashers, or TVs? If not, well... there's an "h" word for that. This entire literature is a distraction from real environmental solutions.

Sen. Rand Paul claims food stamp spending doubled "an alarming trend." But this relies on 4 mistakes. 1. Graph can't replicate. 2. Need to Adj for Inflation 3. Economy is now bigger. 4. Share of pop on food stamps actually declined. Conclusion: There is no trend.

Who are economists voting for? There are many different views. 27 nobels endorsed Harris. None have endorsed Trump. One worry is the firing of professional civil servants to be replaced by partisan loyalists. This happened in Argentina in 2007 leading to 17 yrs of high inflation.

Economic degrowth in 2020 reduced global carbon emissions by around 5%. With the reduction of GDP, this came at a cost of $1700+ per ton. Investing in renewables only costs around $60 per ton. Degrowth is not a serious solution.

Its because we are richer that we have less household servants. Irish girls in 1862 Boston received a "large wage" of $3k in today's money. Appliances cut women's domestic labor by half. Yet Instead of celebrating greater gender & wage equality, we complain.

I think we now have real evidence that AI exposure is associated with job decline for age <25. The Canary in the Coalmine paper addresses a lot of concerns. While economic science takes time; now is the time to think about policy responses. Erik Brynjolfsson Bharat Chandar Ruyu Chen

Economic research finds rent control benefits higher income earners by converting apartments into expensive condos. Unlike other controversies, econ theory, 50 yrs of data testing, and a simple supply & demand model all tell the same story. We need to 🏗️ 🏘️ not mess with prices.

Economics still can't predict nor control recessions & inflation very well. But it sure knows a thing about trade. Using a simple Ricardian gravity model of trade along with digitized cuneiform accounting records, we have new evidence for the location of lost Anatolian cities.