Fortune reporter Shawn Tully writes that a new study co-authored by MIT researchers that examines the amount of e-waste Bitcoin generates. The researchers found that: “In 2020, the Bitcoin network processed 120 million transactions,” writes Tully. “For every sale or purchase recorded on the blockchain, the miners disposed of e-waste equal in weight to two iPhone 12 Minis. In other words, the industry trashed the equivalent of 240 million of the 135 gram mobile devices.”
Research affiliate Hunt Allcott speaks with Vice reporter David Shultz about his research on the nutrition gap in America. Allcott and his colleagues “have proposed a sort of expansion on the soda tax, in which unhealthy foods are taxed more, and that money is used to subsidize healthier foods,” writes Shultz.
New York Times columnist Thomas B. Edsall spotlights Prof. David Autor’s research exploring the state of men in the U.S., including the growing gender gaps in educational attainment and the labor market.
A new study co-authored by Institute Professor Daron Acemoglu finds that countries with older workforces are seeing a larger increase in the use of robots, reports Timothy Aeppel for Reuters. Acemoglu and his colleague Pascual Restrepo of Boston University found that “age alone accounted for 35% of the variation between countries in their adoption of robots, with those having older workers far more likely to adopt the machines.”
Writing for The New York Times, Prof. David Autor explores how the current labor shortage provides an opportunity to improve the quality of jobs in the U.S. “The period of labor scarcity, then, is an opportunity to catalyze better working conditions for those who need them most,” writes Autor.
Prof. David Autor speaks with Kara Miller of GBH’s Innovation Hub about the impact of Covid-19 on the future of work.
Prof. Jonathan Gruber speaks with Margery Eagan and Jared Bowen on Boston Public Radio about the ethics of offering vaccine booster shots in the U.S. when many nations are struggling with vaccine scarcity. “This is really a moment where, going forward, the world has to figure out a more effective strategy,” said Gruber. “We need to think about how we’re going to set up institutions to deal with these kinds of tradeoffs in the future.”
New York Times columnist Peter Coy spotlights a new working paper by Prof. Daron Acemoglu examining democracies. “Democracies breed their own support only when they are successful: all of the effects we estimate work through exposure to democracies that are successful in providing economic growth, peace and political stability, and public goods,” Acemoglu and his co-authors write.
Institute Prof. Daron Acemoglu writes for Project Syndicate about why the U.S. and its allies never reconsidered a top-down state-building strategy in Afghanistan. “In viewing nation-building as a top-down, ‘state-first’ process, US policymakers were following a venerable tradition in political science,” writes Acemoglu. “The assumption is that if you can establish overwhelming military dominance over a territory and subdue all other sources of power, you can then impose your will. Yet in most places, this theory is only half right, at best; and in Afghanistan, it was dead wrong.”
Writing for The New York Times, Prof. Amy Finkelstein explores the need to reign in prices of drugs administered by physicians. “Economists tend to favor letting the private sector set prices, but this requires a well-functioning market,” writes Finkelstein. “In trying to base its payments on what other customers pay, Medicare has distorted the market for physician-administered drugs beyond reason.”
In a segment for Planet Money, Greg Rosalsky spotlights a paper co-authored by Prof. Lawrence Schmidt that examines investor performance and finds that elite financiers often excel at buying stocks but perform poorly when it comes to selling stocks. "My big takeaway from this paper is even when we look at a sample of extremely talented, highly incentivized expert investors, they are still people," says Schmidt.
A new study by MIT economists finds that sleeping more may not improve performance or well-being, especially if night-time sleeping is often interrupted, reports Arianne Cohen for Fast Company. “The researchers say their findings suggest that sleep quality may be essential,” writes Cohen. “Participants experienced many nightly sleep interruptions, a saga familiar to anyone who lives with children.”
Profs. Esther Duflo and Abhijit Banerjee speak with Axios reporter Dave Lawler about how the failure of rich countries to share Covid-19 vaccines and financial assistance will exacerbate global poverty and lead to increased resentment. "Nobody is talking of expanding aid,” says Banerjee. “I think the psychology, unfortunately, in rich countries somehow — even though the U.S. is going to grow faster in this year than it has in modern memory — is that we are in dire straits and we need to keep resources.”
Prof. Daron Acemoglu makes the case in a piece for The Washington Post that there should be oversight of how AI is applied, arguing that current AI technologies are already having tangible impacts on the labor market, the criminal justice system and on democratic discourse and politics. “Will AI be allowed to work increasingly to displace and monitor humans, or steered toward complementing and augmenting human capabilities,” Acemoglu writes, “creating new opportunities for workers?”
New York Times reporter Sarah Kliff and Margot Sanger-Katz spotlights a study by Prof. Amy Finkelstein that demonstrated how Medicaid coverage could improve Americans’ financial health. “It’s a misnomer — it’s not just to insure your health,” says Finkelstein. “It’s actually to protect you economically in the event of poor health.”