It's good to see the math. I suspected that the productivity growth decline had something to do with underproduction showing up as lower productivity growth. I thought it had to do with the lack ...
Perhaps high cognitive skills enables more cooperation by enabling the individual to more effectively avoid cheaters in interactions.
https://growthecon.wordpress.com/2016/01/11/iq-and-economic-growth/comment-page-1/#comment-3617
Interesting. A potential problem with the S&P earnings yield proxy (reflective, as stated above, of market prices) is that it is partly a reverse indicator. Someone who buys at high earnings yiel...
In reply to GregvP. If there was an effect, it would have to be in...
In reply to anonymousskimmer. As some one who tends to hate crowds, I get your ...
This explains partially what we see happening in the economy. As far less capital is being invested per worker, capital's marginal product gets lower as much less workers are part of the labor fo...
In reply to dvollrath. The proportion of working-age women that wa...
In reply to richardhserlin. @dvollrath "it means we have a built-in demand for ...
https://growthecon.wordpress.com/2016/01/20/the-declining-marginal-product-of-capital/
Interesting post. One challenge in looking at the earnings yield for the S&P 500 is that there is quite a bit of volatility over time in the price of the index (since its essentially a market pri...