2
votes
Spiraling decline in labour supply due to small initial wage decreases
How do economists address or account for these feedback loops when advising policymakers based on labor supply elasticity measurements?
Estimates refer to an equilibrium context. Policy analysts are ...
- 1,807
2
votes
Comparing incomes across regions within a country
In general, the way to control for local price effects would be to use the Purchasing Power Parity (PPP).
However, in practice this is very often impossible for regions within a country due to a lack ...
- 6,254
1
vote
Accepted
What are driving factors behind the recent slew of layoffs in the US tech industry (to the extent we understand them)?
One reason(in simple terms) is that tech companies, even large ones, have a lot of future growth priced into them. As intertest rates rose to combat inflation, these kinds of speculative future ...
- 26
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