Another way to visualize the spectacular rise of 🇷🇴🇵🇱🇱🇹 since the 1990s. Aligning with EU legislation unlocked growth and investment well before EU accession, while NATO membership provided security. These countries have never been so prosperous and secure - their golden age.

Interesting.

Is there really a child earnings penalty in the long run?

'In the short run, we find a large penalty immediately after the birth of the first child.'

'In the long run, the child penalty fades out, disappears completely, and even turns into a child premium.'

Among countries that joined the EU since 2004, living standards rose the most in 🇷🇴🇱🇹🇵🇱 and the least in 🇲🇹🇨🇾🇸🇮. The former were among the poorest and the latter the richest when they joined. Shows large gains from reaping low hanging fruit but the difficulty of the last stretch.

Mit, że istnieje 'koło zamachowe' gospodarki wiecznie żywy - bywały już nim huty, stocznie, kopalnie, cukier, budownictwo, turystyka, rolnictwo, atom, banki, IT, motoryzacja, 500+, Orlen, wojsko, meble, przemysł kosmiczny, leki, elektromobilność, wiatr, fundusze unijne itp. itd.

It's out there somewhere, but you can't see exactly where, because it's invisible

Indeed, economies where households saved less since the pandemic tended to grow more. Denmark, the big outlier, would be much closer to the regression line if the pharma sector is stripped out (Novo Nordisk).

Last week Red Bull built a gigantic ski jump on a ski slope in Akureyri, Iceland. Ryōyū Kobayashi flew 291 meters and was in the air for over 10 seconds.

The video is magnificent.

AI, Automation and Taxation cesifo.org/en/publication…

Hungary-like fertility policies flatly don't work.

Hungary has dedicated major resources to this - no taxes for 3+ kids, debt forgiveness, major subsidies for homes. It's actually equivalent to ~5% of their GDP. The US military is 3.2%, so big spending.

Nothing happened.

New research on the fiscal impact of immigration:

“An empirical quantification for the United States reveals an indirect fiscal benefit for one average low-skilled immigrant of roughly $750 annually.”

W PL wsparcie wyjątkowo równomiernie rozkłada się po dochodzie, ale co zaskakujące nie jesteśmy tutaj ewenementem.

Z cyklu ciekawostek. PL na czele wsparcia dzieci w stosunku do PKB per capita.

publications.jrc.ec.europa.eu/repository/han…

20 lat PL w UE, w 300Gospodarka też świętujemy cyklem tekstów, ale na swój sposób, czyli szukając dziury w całym. I tu przykład: jak się zmienił przez te dwie dekady % Polaków oceniających swoje zdrowie jako dobre bądź b.dobre. Niby lepiej, ale.. Więcej 👉300gospodarka.pl/news/tak-zmien…

Surprised this paper title isn't 'Borjas was wrong'

(Immigration INCREASED the wages of less educated native workers.)
nber.org/papers/w32389

🥳 excited that this paper found a great home at the Economic Journal The Economic Journal!

Punchline: an increase of 🇺🇸 military aid around the world sadly leads to an increase in anti-🇺🇸 terrorism. More isn’t always better, which is why we also study the transmission channels.

Paper👇🏻

Kładka piękna, ale wkomponowana w miasto po obu stronach fatalnie- teraz po praskiej stronie przy samym wejściu musi stać radiowóz (jeszcze zwężajac przejazd), jak rozumiem, żeby redukować przemoc miedzy pieszymi a rowerzystami

On the causal effects of education cremieux.xyz/p/why-do-we-ke…

🇵🇱 Jeden z ciekawszych wykresów z 'Białej Księgi' MF, który dużo mówi o transparentności finansów publicznych w ostatnich latach.

A global wealth tax is gaining steam -- now discussed by the WSJ editorial board.

This seemed impossible even a year ago. Incredible how quickly things can change.

The Journal of Income Distribution Journal of Income Distribution is looking for contributions to a Special Issue on the Economics of Piketty.
🔹Abstract Submission Deadline: September 6th, 2024
🔹Submission Deadline: October 31st, 2024
jid.journals.yorku.ca/index.php/jid/…