Category: General Economics

Two Great Articles in the December JEL

Journal of Economic Literature, December 2012 Two great articles. Racial Discrimination in the Labor Market: Theory and Empirics Kevin Lang and Jee-Yeon K. Lehmann We review theories of race discrimination in the labor market. Taste-based models can generate wage and unemployment duration differentials when combined with either random or directed search even when strong prejudice […]

#2 Include Social Security and Medicare taxes when discussing tax burdens

Time to Change the Tax Discussion #2 This is the second in a five part series on Taxes. Far too much of the discussion of tax burdens has focused on the federal income tax rates while the federal payroll taxes – Social Security and the Medicare tax – get minor attention. This was epitomized by […]

All Taxes and Budgets Should be Expressed as Dollars per Person

Time to change the discussion #1 This is the first of five posts on my blog on how discussion of taxes and budgets in the US needs to change to improve decision-making. Recent political debate and the media throws around costs of millions, billions and trillions of dollars even though there is no easy way […]

BU ranked 17th in world, 7th in US by “Most employable students”

Graduates from Boston University were  ranked 17th most employable in the world and 7th most employable in the US by the 2012 Global Employability Survey, published by the New York Times and International Herald Tribune. It was discussed in BU Today on November 1, 2012. Here is the results in table form from the NY […]

What are current marginal income tax rates?

A great deal of political discussion has focused on what taxes the wealthy and poor  pay, and often the focus is ONLY on the Federal Income tax. It is important to recognize that that there are many other taxes, and none are as progressive as the Federal income tax, and hence fall on low to […]

What I Wish Obama Had Said

Alternative Debate Speech Text that President Obama Could Have Used at the First Presidential Debate on October 3, 2012[i] Randall P. Ellis Boston University, Department of Economics October 6, 2012 On Taxes We have heard a lot of talk from the Republicans about the importance of lowering taxes on people earning more than $250,000 which […]

Top 25 Economics Web sites

Top 25 Economics Web sites http://topsitesblog.com/economics-websites/ This list is interesting to browse, or to select a few to include on your own web site. Interesting that the BU Blog the Incidental Economist made it to #6. Here is the direct link. 6. The Incidental Economist is a blog focused on economics, U.S. health policy, politics, […]

Congrats to BU faculty on prominent role at ASSA 2013!

Congratulations! BU faculty, graduate students and alumni appear prominently in the program of the Allied Social Sciences Association (ASSA) meetings (aka the AEA meetings), scheduled to be held in San Diego January 4-6, 2013. Altogether their names appear as presenters, authors, chairs or discussants at least 73 times. Seventeen different economics faculty are listed as […]

Wolfram site for Mathematica calculations and data

This is from an 2010 BUHealth post, but I am reposting it now since the alpha site is still live and useful. I thank BU alum Veronica Vargas for sending me the following link to a Wolfram alpha web site. It can be a waste of time, but it also can provide scientific, numeric, and […]

Behavioral Economics: Toward a New Paradigm by Amitai Etzioni

I happened upon an interesting article in the American Behavioral Scientist which gave me new insights. I recommend it highly to you. Behavioral Economics: Toward a New Paradigm by Amitai Etzioni (George Washington University) http://icps.gwu.edu/files/2011/09/Beh-Ec-New-Paradigm.pdf American Behavioral Scientist 55(8) 1099–1119 Abstract This article discusses the challenges behavioral economics poses for neoclassical economics and the ways […]

17-Month Extension of OPT for Econometrics etc.

UPDATE: On May 11, 2012, the U.S. Department of Homeland Security added several fields of study to the list of CIP codes that now qualify for the 17-month extension of initial 12 months of Optional Practical Training (OPT). The new list of  majors – and their corresponding CIP codes – that qualify for the extension […]

Congrats to BU’s 500+ Graduating Economists!

At the graduating ceremony this past weekend there were 15 PhD students, 245 MA/MAEP/MADE/MAPE degree candidates and 257 Bachelor of Arts degree recipients, a substantial increase over past years. In 1995 there were 15 PhD , 37 MA and 172 BA students! Well done!

Major cuts to SEC budget preceded the 2008 recession.

I emailed a chart similar to the one below (through 2009) to the BUHealth email list in July 2009. Note how the SEC budget was cut from 2005-2008. It was not a surprise that terrible things (Madoff, AIG, Lehman, etc.) became much more of a problem. My view is that George W. Bush and the […]

MBTA considering halting weekend service

I urge people from MA to sign the following petition. Halting weekend commuter rail service would be a detriment to the city, state and the environment. Visit the site to see the wording of the petition. Subject: Save Jobs, Environment & Accessibility Hi, In an effort to reduce the deficit of Massachusetts’ public transit system […]

Austin Frakt: TheIncidentalEconomist.com

My colleague Austin Frakt, who also uses WordPress, has a terrific blog with a significant focus on health economics. Visit it at: http://theincidentaleconomist.com/ _____________________________ Austin Frakt, PhD Boston University School of Public Health Health Economist Blog: TheIncidentalEconomist.com Twitter: @afrakt

Kotikoff is running for president!

Our own BU Economics professor Larry Kolikoff is running for president. http://money.cnn.com/2012/01/05/news/economy/laurence_kotlikoff_2012/ Here is his announcement. http://kotlikoff2012.org/ He is proposing to run in the American’s Elect party. http://www.americanselect.org/ Good luck Larry!