An astonishing paper this week finds that population explains *virtually all* of the difference in GDP growth in advanced economies over the last 30 years!
"From 1998 to 2019, Japan has grown slightly faster than the U.S. in terms of per working-age adult."
🧵, please share!
A large, mandatory profit-sharing scheme in France led to a significant increase in workers' income. It neither reduced investment nor increased productivity, from
@ElioNimier
,
@DSraer
, and
@dthesmar
The time trend of the real wages in Japan is even worse if we adjust compositions of workers' ages and tenures.....
Figure from my recent working paper:
Kikuchi, S. (2024). Automation and Offshoring on Wage Inequality in Japan. RIETI Working Paper
金曜日、東京大学のセミナーで発表です。MITの同期との共著・新作を発表します。よろしくお願いします。
菊池 信之介(Massachusetts Institute of Technology)
"The Granular Origins of Agglomeration" with Daniel G O'Connor
My favorite Ramen shop in Tokyo on inflation
"Over the years, we have had to raise our prices due to rising costs. However, we believe that increasing prices further would be against our principles. Thus, we have decided to close our shop rather than compromise our integrity."
Are you using DiD to learn about something *continuous*? If so, then new DiD tools for binary designs don’t seem to help much.
But here is something that will help!
An update to “DiD with a Continuous Treatment” w/
@agoodmanbacon
and Brant Callaway:
WSJ: "When focusing on working age instead of total population, Japan goes from laggard to leader. A lesson for all aging nations."
Me: "When focusing on employment instead of working age population, Japan is still behind the other countries. The JPN elderly (65+) are working."
The time trend of the real wages in Japan is even worse if we adjust compositions of workers' ages and tenures.....
Figure from my recent working paper:
Kikuchi, S. (2024). Automation and Offshoring on Wage Inequality in Japan. RIETI Working Paper
@WholeMarsBlog
At risk of stating the obvious, unless something changes to cause the birth rate to exceed the death rate, Japan will eventually cease to exist. This would be a great loss for the world.
Excited to share our new review on the economics of social media. Synthesizing the literature was an interesting challenge, and hopefully provides some useful insights. Mostly I enjoyed working with
@PriceTheorist
, Lena Song, and Guy Aridor!
Link:
This should be a fantastic experience. The project looks super cool, and Stefanie is a great, very caring person.
---
HarvardのStantcheva先生がfull-time RAを募集しています。既に超有名な素晴らしいプロジェクトですし、人間的にとても素晴らしい方なので、ぜひ応募してみてください。
📚Hello
#EconTwitter
! I'm looking for a full-time research assistant starting Summer 2021 to work with me at Harvard & . If you're interested in public economics, taxation, innovation, or people's policy views, apply here:
I had a great time today at Waseda, and here is the Okuma garden where we had a discussion with local researchers after the seminar 😊
Quite nice place!
Our macro seminars are held in the morning. Today we had a group discussion with coffee at the Okuma garden. If you’re interested, please send me DM. The slots are still open this coming fall semester.
🚨 Heterogeneous-agent macro workshop 🚨 Are you a macro graduate student interested in heterogeneity in macro, monetary policy, and/or fiscal policy?
@BardoczyBence
,
@ludwigstraub
, Matt Rognlie and I are organizing a workshop for you this summer:
I cannot agree with this more! I was fortunate to have him as a lecturer for labor field class last year, too.
"Hard to put into words how much economics owes
@arindube
for our modern understanding of the MW and its potency for reducing inequality with minimal adverse effects."
Have been waiting for a piece like this. Hard to put into words how much economics owes
@arindube
for our modern understanding of the MW and its potency for reducing inequality with minimal adverse effects.
Department of Economics PhD Candidate Yoshimasa Katayama’s research interests are Health Economics, Applied Microeconomics. Learn more about Yoshimasa & other Northwestern Economics Job Market Candidates at
Department of Economics PhD Candidate Megumi Murakami’s research interests are Economic History, Microeconomic Theory. Learn more about Megumi & other Northwestern Economics Job Market Candidates at
A very interesting figure. Japan has experienced a rapid "increase" in the labor force participation rate, 4pt, since 2016. 1pt/year. Presumably from FLFP.
If we looked at people aged 22-64, the level difference would have been more apparent, I guess.