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Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdepent World?
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-08-20)
Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not ...
What Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technology
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-03-07)
Goldin and Katz’s The Race between Education and Technology is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings ...
Diversity and Technological Progress
(Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2011-12-15)
This paper proposes a tractable model to study the equilibrium diversity of technological progress and shows that equilibrium technological progress may exhibit too little diversity (too much conformity), in particular ...
The World Our Grandchildren Will Inherit: The Rights Revolution and Beyond
(Cambridge,MA: Department of Economics, Massachusetts Institute of Technology, 2012-04-06)
Following on Keynes’s Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined ...