Most links this week are coming from me reading my “to read” emails folder that I’ve just been stuffing things in since the pandemic started. I’m down to 335 as of this typing.
Money and class from A Gai Shan Life
Covid 19 has persistently decreased labor supply. (This one isn’t as flashy as the Brookings report, but it’s also got cleaner methods.)
I’d posited many years ago that one of the reasons DH’s extended family doesn’t save money is because when they do someone else in the extended family has an emergency and basically it’s gone. Here’s an experiment in Cote d’Ivoire that shows there’s maybe some merit to that hypothesis.
Machine learning can predict shooting victimization well enough to help prevent it.
This is super depressing. Basically once WIC runs out, food-insecure moms starve themselves to make sure their kids get food.
Someone asked if/which graduate degrees are “worth it”– here’s the earnings side to that question. (See graph below– if you click it it should link to the paper.) Note this is limited to full time earnings. You should be focusing on the FE versions (the OLS don’t take into account that the kind of guy who gets a humanities advance degree was not going to earn a lot anyway– basically it’s comparing to all other guys, not just guys who would consider post-college humanities education). The Y variable is ln(earnings) which means you can think of it as .4 as an increase of 40% (B*100%). If you get the PDV (present discounted cost) of the loans and/or opportunity cost of the money and time, that would tell you if the degree is actually worth it or not. So basically if graduate school was free and they paid you a stipend comparable to what you would have gotten if you weren’t in graduate school (or your current employer offers a tuition benefit), this would be the total benefit (in terms of % increase of your earnings). Look at male nurses(!) They should definitely go for the graduate degree.