Thursday, August 14, 2014
The NY Times provides us nifty graphical snapshots of state-of-birth in all 50 states in Census data since 1900. One of the mild surprises? Residents of New York are more than 60% New-York born. More than half live upstate, but given the large percent foreign born in the state, this still seemed surprising to me.
Wednesday, August 13, 2014
Wednesday, August 6, 2014
The Times reports on a kerfuffle over FDA cost-benefit analysis regarding smoking, in which a number of prominent economists have weighed in. A big bottom line for them: "Particularly when ... addiction occurs prior to the age of majority ... we find it inappropriate to measure the area under a demand curve to define welfare."
Monday, August 4, 2014
John Mueller and Mark Stewart provide a nice overview in the Summer 2014 J Econ Perspect. The short view: overall spending seems too high compared to the probability weighted risks. But FBI counterterrorism efforts seem more reasonable.