Archives for Justin Wolfers

Massachusetts Senate Race Update

In the last couple of hours, the InTrade prediction markets have moved sharply in favor of the Republican candidate Scott Brown to defeat Martha Coakley in the Massachusetts Senate race. Read More »

New Editors at Brookings

O.K., I’ll admit that I’ve done plenty of hand-wringing about the state of economics. And now I’m going to do something about it. This morning, Brookings announced that David Romer and I will be taking over as the new editors of the Brookings Papers on Economic Activity. We’ve got some pretty big shoes to fill […] Read More »

Co-author Confusion

When your co-author is your colleague and also your significant other, confusion often follows. Take this recent post by Arnold Kling on the causes of inequality, where he says: I think that Betsey Stevenson/Justin Wolfers marriages are another big factor. That is, when highly educated men start looking for wives who are stimulating companions as […] Read More »

Tax Cuts vs. Government Spending

As the Senate and the House look to reconcile competing stimulus plans, the big debate is whether to emphasize government spending or tax cuts. A new paper by the New York Fed’s Gauti Eggertsson argues that the risk of deflation should tilt the balance to government spending. Our current problem is deficient aggregate demand. The […] Read More »

Is Ignorance Really Bliss?

A regular blog reader, Mitch Kosowski, sent along an interesting question: “Is ignorance truly bliss? Are people with lower intelligence happier than those with higher intelligence?” Let’s start with a quick literature review. Here are the findings reported by Simpson, L. (2001): Lisa Simpson: “As intelligence goes up, happiness goes down. See, I made a […] Read More »

And Fry It Up in a Pan

It’s social change alright: 26 percent of working wives out-earned their working husbands in 2006, up by nearly half from 20 years ago.

Now that many more women are graduating college than men, higher-earning wives are going to become the new normal. Read More »

Free the Hangers

I typed this from 10,000 feet, while on my way to the annual econ gabfest known as the ASSA meetings. I was lucky enough to score an upgrade to first class, and as I settled into my seat I was informed about the most astonishing cost-cutting measure: U.S. Airways has taken the coat hangers out of its planes. Read More »

An Unhappy Year

In a New York Times Op-Ed on Saturday, Sonja Lyubomirsky wrote that subjective well-being has remained high during the recession. But she’s dead wrong. Here’s the gist of her piece, titled “Why We’re Still Happy” : Research in psychology and economics suggests that when only your salary is cut, or when only you make a […] Read More »