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By Till von Wachter, Jae Song, David J Price, Fatih Guvenen and Nicholas Bloom We use a massive, matched employer-employee database for the United States to analyze the contribution of firms to the rise in earnings inequality from 1978 to 2013. We find that one-third of the rise in the variance of (log) earnings occurred […]
This article by Lee Ohanian originally appeared in The Hill. Last week, 31,000 Los Angeles Unified School District teachers represented by the United Teachers of Los Angeles (UTLA) union went on strike for the first time in 30 years. Substitute teachers and administrators make up a skeleton crew that is keeping schools open, and about […]
I have just learned of Harold Demsetz’s death. I knew he had been in decline for some time, but the news still occasioned a great sadness. Harold was a major influence on me and on the world at large. It is this larger significance of his work that I want to emphasize here. We have […]
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Nearly half of millennials say they prefer socialism to capitalism, but what do they mean? “My policies most closely resemble what we see in the U.K., in Norway, in Finland, in Sweden,” Rep. Alexandria Ocasio-Cortez told “60 Minutes.” Yet Sweden’s experiment with socialist policies was disastrous, and its economic success in recent decades is a […]
Harold Demsetz, UCLA Professor of Economics since 1971, died on January 4, 2019 at the age of 88. A grandchild of immigrants from eastern Europe, Harold grew up in a poor neighborhood on the west side of Chicago, where he met his surviving and loving wife Rita. He originally attended forestry school at the University […]
Harold Demsetz was a Professor of Economics at UCLA from 1971 until his retirement (if he ever really retired). He was the Arthur Andersen Chair in Business Economics and chaired the UCLA Department of Economics from 1978-1980. He was also elected fellow of the American Academy of Arts and Sciences. But the most important thing about […]
UCLA Department of Economics