The New York Times' David Leonhardt writes about a study by Prof. Amy Finkelstein showing that as health care premiums rise, low-income families increasingly forgo insurance and use emergency care. Leonhardt explains that emergency care, “tends to be expensive, raising costs for other patients, and it’s often not as good as preventive care.”
In an article for The Atlantic, Gillian B. White writes about Prof. Peter Temin’s new book, “The Vanishing Middle Class: Prejudice and Power in a Dual Economy.” White writes that in his book Temin argues that “following decades of growing inequality, America is now left with what is more or less a two-class system.”
Prof. Andrew Lo speaks with Barry Ritholtz of Bloomberg View about the field of economics. Lo explains that his new book chronicles his “intellectual journey from a diehard devotee of efficient markets and rational expectations into the realm of first psychology and behavioral finance, and then to neuroscience and how people really make decisions.”
In this CBS News Sunday Morning segment, Prof. David Autor speaks with David Pogue about the impact of automation on employment. Autor notes that while in the “last 200 years, we’ve had an incredible amount of automation…this has not in net reduced the amount of employment.”
A new paper co-authored by Prof. Daron Acemoglu examines the impact of automation on the U.S. job market, according to The Economist. The researchers found that “between 1990 and 2007, each industrial robot added per thousand workers reduced employment in America by nearly six workers.”
A study co-written by Prof. Daron Acemoglu examines the impact of autonomous robots on local labor markets, writes Gillian White for The Atlantic. “While the findings might seem grim for workers, the authors note that just because an industry can automate doesn’t mean that it will,” concludes White.
Claire Cain Miller writes for The New York Times about a study by Prof. Daron Acemoglu that shows how robots are impacting the American job market. “The conclusion is that even if overall employment and wages recover, there will be losers in the process, and it’s going to take a very long time for these communities to recover,” says Acemoglu.
A study co-authored by Prof. Daron Acemoglu finds that every new robot added to American factories reduced employment in the surrounding areas, reports Cora Lewis for CNBC. According to the study, the areas experiencing major decline were “routine manual occupations, blue-collar workers, operators and assembly workers, and machinists and transport workers.”
A study by MIT researchers finds that robots have negatively impacted American employment and wages, reports Andrew Soergel for U.S. News & World Report. After accounting for enhancements in productivity and growth in other sectors, researchers found that “automation's rise isn't entirely a bad thing for the labor market,” explains Soergel.
Bloomberg View reporter Noah Smith spotlights the research of Prof. David Autor, who has been “pioneering ways to make the economics discipline both more credible and more relevant.” To mitigate the impacts of trade, Smith writes that Autor believes the “U.S. government should focus attention on manufacturing industries, and even use industrial policy to bolster the sector.”
A study by MIT and Harvard researchers provides evidence that a new executive order on immigration could reduce the number of doctors in portions of Appalachia and the Industrial Midwest, reports Sam Petulla for NBC News. "In these places, there are lots of incentives for American-trained doctors and foreign-trained doctors to move and work," explains graduate student Michael Stepner.
Boston Globe reporter Felice Freyer writes that a study by MIT and Harvard researchers examines how an executive order on immigration could impact the number of doctors in Appalachia and the Rust Belt. Doctors from the countries included in the order “handle about 14 million patient visits a year…often settling in areas where American doctors are reluctant to work.”
Quentin Palfrey, executive director of J-PAL North America, speaks with Devin Thorpe of Forbes about how J-PAL aims to reduce poverty through academic research. Palfrey explains that “by transforming government and building a movement for evidence-based policy, we can help lift millions in the United States out of poverty.”
Financial Times reporter Tim Harford writes that a study by MIT researchers explores how a country's exports can influence income inequality. The study shows “a relationship between inequality and lack of economic complexity. Holding other things constant, the simplest economies tend to be the most unequal.”
New research by Prof. David Autor shows that the number of young married women has decreased during recent decades, reports Jenna Smialek for Bloomberg News. Autor found that “the loss of U.S. manufacturing jobs to global trade may be at least partially to blame” for the decline.