Archive for the ‘New Posts’ Category

January Jobs: Another upside surprise shows the benefits of closing in on full employment.

February 1st, 2019

The US labor market just keeps on rolling along, turning in one good jobs report after another. Payroll gains continue to outpace expectations, wages are handily beating inflation while not pushing it up much, participation continues to suggest more room-to-run than most economists expected, and even the slight uptick in the unemployment rate last month,… Read more

No correlation between top tax rates and growth rates

January 28th, 2019

In a piece in WaPo today, I note in passing that there’s no persistent correlation between top tax rates and growth rates across the US time series, nor in oft-cited international data from Saez et al. This is widely understood among empirical public finance folks, but just in case, here are a few figures. As… Read more

Links referenced in a recent talk

January 6th, 2019

I recently spoke to members of Congress and referenced a number of pieces. Here are the links to those pieces. What are some ideas for lowering the growth of health costs? See the section starting on pg. 11 of this testimony. On our lack of investment in quality, affordable pre-K, and how we’re an international… Read more