Get your dependency ratio off my lawn

Old people work more than they used to. This is important if you're worried about what an aging population means for the economy. When they taught me demography, I learned about the dependency ratio, which was the number of people presumed to be dependents (those ages 0-14 and 65+) relative to those presumed to be…

Is the New York Times trapped in an economics echo chamber?

Ask a stupid question. When Justin Wolfers wrote about the dominance of economists in the pages of the New York Times, he concluded, "our popularity reflects the discerning tastes of our audience in the marketplace of ideas." I discussed the evidence for that in this post, which focused on the particular organizational features of the NYT. At…

I overspoke myself on Twitter

Possibly not the only time. A blog called Random Critical Analysis (RCA) has posted, "On Philip Cohen’s knee-jerk response to Chetty’s “causal mobility” data and its association with single-motherhood." I now must admit that I overspoke myself on Twitter. But I think the blog post I wrote holds up OK. I complained in the post that…

Exceptions overwhelm the rules in economics

I wrote a short essay for the New York Times Room for Debate feature. The question was, "Have we given economists too much authority?" Here's my answer, as edited by the Times. You can read the other essays and comments here. Exceptions Overwhelm Economic Rules There is a lot to be said for the common critique of…