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 ...
Iñaki Viggers's user avatar
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 ...
BB King's user avatar
  • 6,148
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 ...
Quinn Hart's user avatar

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