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Real-World Economics Review Blog: Real-World Economics Review Blog | Posts are by authors of papers published in the RWER. Anyone may comment.

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from Lars Syll In 2003, the American sociologist Devah Pager published a study that laid bare two ugly truths about the labour market. First, having a criminal record dramatically reduces your chances of finding a job. Second — and more disturbingly — being black is often a greater handicap than having a felony conviction. Pager’s experiment was brilliantly simple. […]

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from Dean Baker The Lay of the Land The US economy has had two major bubbles in the last three decades. There are signs that we are in the midst of a third. In the late 1990s there was a tech bubble, driven to a large extent by excitement over the potential of the Internet. […]

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from Lars Syll The leader of the Swedish Liberal Party, Simona Mohamsson, announced last week that she wants to turn Sweden into a tax haven and double the number of billionaires by 2037. According to Mohamsson, “we still have high taxes in Sweden, and clearly that hinders people who want to be able to roll […]

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from Xiaoping Gu Is the U.S. Trade Deficit a Loss or a Gain? The U.S. government initiated the trade war based on the “Deficit-as-Loss” narrative. But is this truly the case? Since the total collapse of the Bretton Woods system in the 1970s, the U.S. shifted from a long-term trade surplus to a deficit. Particularly […]

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