%B Journal Day Economics

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• %B Journal Day
• Lawrence Summers: Yes, the Senate GOP tax plan would cause ‘thousands’ to die
• CVS to Buy Aetna for $69 Billion in a Deal That May Reshape the Health Industry
• In mortgage fraud frenzy, China's banks face a hidden danger
• "Acting White" - Roland Fryer
• Is the GOP tax plan an unprecedented windfall for the wealthy? We look at 50 years of data to find out
• My 0.00000173120 BTC: a practicing, orthodox macroeconomist’s unsolicited views on BitCoin
• Bank of International Settlements: We could be at same point as prior to 2007 crash
• Five ways to fix statistics
• Poverty rising in the UK: 30% of children, 16% of pensioners now live in poverty.
• Who Becomes an Inventor in America? The Importance of Exposure to Innovation
• Will Bitcoin succeed?
• Gay Men Used to Earn Less than Straight Men; Now They Earn More
• Surge of Carbon Pricing Proposals Coming in the New Year
• Net Neutrality, Pricing Instruments and Incentives
• Shares on Wall Street have hit record levels as financial markets around the world anticipate the biggest package of US tax cuts since Ronald Reagan was in the White House in the 1980s.
• Fed: Bank Failures, Capital Buffers, and Exposure to the Housing Market Bubble
• Beardsley Ruml, "Taxes for Revenue are Obsolete," January, 1946, American Affairs.
• The Soviet Union: GDP growth
• Study: Climate Change Might Lower Salaries. The more 90-degree days a fetus or infant endured, the lower his or her earnings in adulthood.
• Special Report: Hidden peril awaits China's banks as property binge fuels mortgage fraud frenzy
• Optimism or stagnation? A case for both.

%B Journal Day Posted: 04 Dec 2017 10:09 AM PST This is our monthly /r/economics Journal Day. Only links to journal articles and working papers are allowed today. Have fun! Some places to find articles and current research: NBER Working Papers (http://www.nber.org/new.html#latest) Research Papers in Economics (https://ideas.repec.org/) Social Science Research Network (https://www.ssrn.com/en/) submitted by /u/AutoModerator [link] [comments]

Lawrence Summers: Yes, the Senate GOP tax plan would cause ‘thousands’ to die Posted: 04 Dec 2017 08:59 AM PST submitted by /u/LtCmdrData [link] [comments]

CVS to Buy Aetna for $69 Billion in a Deal That May Reshape the Health Industry Posted: 04 Dec 2017 03:36 AM PST submitted by /u/Lemon_Lyman_ [link] [comments]

In mortgage fraud frenzy, China's banks face a hidden danger Posted: 04 Dec 2017 09:47 PM PST submitted by /u/tripmaster [link] [comments]

"Acting White" - Roland Fryer Posted: 04 Dec 2017 04:42 PM PST submitted by /u/jimrosenz [link] [comments]

Is the GOP tax plan an unprecedented windfall for the wealthy? We look at 50 years of data to find out Posted: 04 Dec 2017 08:28 PM PST submitted by /u/lingben [link] [comments]

My 0.00000173120 BTC: a practicing, orthodox macroeconomist’s unsolicited views on BitCoin Posted: 04 Dec 2017 04:02 AM PST submitted by /u/qubex [link] [comments]

Bank of International Settlements: We could be at same point as prior to 2007 crash Posted: 04 Dec 2017 05:23 AM PST submitted by /u/iseetheway [link] [comments]

Five ways to fix statistics Posted: 04 Dec 2017 05:38 PM PST submitted by /u/jimrosenz [link] [comments]

Poverty rising in the UK: 30% of children, 16% of pensioners now live in poverty. Posted: 04 Dec 2017 08:09 AM PST submitted by /u/bananarepubliccat [link] [comments]

Who Becomes an Inventor in America? The Importance of Exposure to Innovation Posted: 04 Dec 2017 07:46 AM PST We characterize the factors that determine who becomes an inventor in America by using de- identified data on 1.2 million inventors from patent records linked to tax records. We establish three sets of results. First, children from high-income (top 1%) families are ten times as likely to become inventors as those from below-median income families. There are similarly large gaps by race and gender. Differences in innate ability, as measured by test scores in early child- hood, explain relatively little of these gaps. Second, exposure to innovation during childhood has significant causal effects on children's propensities to become inventors. Growing up in a neighborhood or family with a high innovation rate in a specific technology class leads to a higher probability of patenting in exactly the same technology class. These exposure effects are gender-specific: girls are more likely to become inventors in a particular technology class if they grow up in an area with more female inventors in that technology class. Third, the financial returns to inventions are extremely skewed and highly correlated with their scientific impact, as measured by citations. Consistent with the importance of exposure effects and contrary to standard models of career selection, women and disadvantaged youth are as under-represented among high-impact inventors as they are among inventors as a whole. We develop a simple model of inventors' careers that matches these empirical results. The model implies that increasing exposure to innovation in childhood may have larger impacts on innovation than increasing the financial incentives to innovate, for instance by cutting tax rates. In particular, there are many "lost Einsteins" – individuals who would have had highly impactful inventions had they been exposed to innovation. Paper here on innovation and inequality. Non-technical Summary Slides here NYT Write up Vox write up Will add more links as I find them. submitted by /u/Ponderay [link] [comments]

Will Bitcoin succeed? Posted: 04 Dec 2017 10:08 PM PST submitted by /u/15PapaWasACoppa [link] [comments]

Gay Men Used to Earn Less than Straight Men; Now They Earn More Posted: 04 Dec 2017 07:51 AM PST submitted by /u/Evan532 [link] [comments]

Surge of Carbon Pricing Proposals Coming in the New Year Posted: 04 Dec 2017 02:19 PM PST submitted by /u/Splenda [link] [comments]

Net Neutrality, Pricing Instruments and Incentives Posted: 04 Dec 2017 01:59 PM PST submitted by /u/davidjricardo [link] [comments]

Shares on Wall Street have hit record levels as financial markets around the world anticipate the biggest package of US tax cuts since Ronald Reagan was in the White House in the 1980s. Posted: 04 Dec 2017 11:17 AM PST submitted by /u/interestedin86 [link] [comments]

Fed: Bank Failures, Capital Buffers, and Exposure to the Housing Market Bubble Posted: 04 Dec 2017 05:16 AM PST submitted by /u/Central_Bank_Bot [link] [comments]

Beardsley Ruml, "Taxes for Revenue are Obsolete," January, 1946, American Affairs. Posted: 04 Dec 2017 05:43 PM PST submitted by /u/Petrocrat [link] [comments]

The Soviet Union: GDP growth Posted: 04 Dec 2017 11:26 AM PST submitted by /u/primodemus [link] [comments]

Study: Climate Change Might Lower Salaries. The more 90-degree days a fetus or infant endured, the lower his or her earnings in adulthood. Posted: 04 Dec 2017 03:48 PM PST submitted by /u/Splenda [link] [comments]

Special Report: Hidden peril awaits China's banks as property binge fuels mortgage fraud frenzy Posted: 04 Dec 2017 11:38 AM PST submitted by /u/pipsdontsqueak [link] [comments]

Optimism or stagnation? A case for both. Posted: 04 Dec 2017 03:54 AM PST submitted by /u/jacklo373 [link] [comments]

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