MANKIW'S BLOG GREG

Here is an interesting fact: Women earn a higher rate of return from a college degree than men. In particular:After controlling for various demographic factors, the researcheran women who dropped out of college. Male graduates, by contrast, earned only about $2,700 more than high school graduates, and about the same amount as male college drop-outs. The findings are consistent with past research, which has showed that jobs are much more gender-segregated in low-education occupations. Female drop-outs tend to concentrate in low-paying service-sector jobs, whereas less-educated men are more likely to find work in better-paying industries such as manufacturiHere is an interesting fact: Women earn a higher rate of return from a college degree than men. In particular:After controlling for various demographic factors, the researchers found that female graduateearned more than $6,500 more per year than women with just a high school diploma, and more than $4,500 more than women who dropped out of college. Male graduates, by contrast, earned only about $2,700 more than high school graduates, and about the same amount as male college drop-outs. The findings are consistent with past research, which has showed that jobs are much more gender-segregated in low-education occupations. Female drop-outs tend to concentrate in low-paying service-sector jobs, whereas less-educated men are more likely to find work in better-paying industries such as manufacturing and construction.ng and construction.In a previous article for Econ Journal Watch, I attributed to Paul Krugman a concurrence with the optimistic economic forecast put forward in early 2009 by the incoming Administration. Krugman reacted by denying that he had concurred with that forecast, pointing to a blog entry of his from January 2009. But Krugman apparently did not read my paper. It concerned not a blog entry from January 2009 but rather one from March 2009. In this note, I take greater pains to show how Krugman’s March entry, made in support of Brad DeLong’s criticism o ws out of Portugal, where a fake economist duped the nation for months. Our correspondent Giles Tremlett reports:Artur Baptista da Silva had become one of the most authoritative voices on Portuguese television, using his experience as an economist and United Nations consultant to explain why so much austerity was bad for the bailed-out country's economy.But now it turns out that the 61-year-old economist who explained so seriously – and clearly – the damage being inflicted on the country by the austerity measures demanded by the troika of lenders (EU, IMF and ECB) was a conman with at least two jail terms behind him.The fake economist earnestly debated with journalists and other experts on television shows, claiming that the European Union has become a farce.Baptista da Silva became so popular that he was invited to talk to the socialist party's summer school and some of the country's most prestigious debating societies. He claimed to have been a professor at a now defunct US university and to have worked with the World Bank.“He said what people wanted to hear,” explained Antonio Costa, editor of the Diario Economico newspaper. That he presidential inauguration, often by lottery. Some winners of the lottery try to sell them for thousands of dollars. Senator Schumer objects to the resale.Question 1: When David, a lottery winner, sells his ticket to Anne, both David and Anne are better off. Who is worse off?
Question 2: Senator Taxcut proposes auctioning off the tickets and rebating the revenue lumpsum to all taxpayers. Who would be better off? Who would be worse off? Which group is larger?
Question 3: Senator Deficithawk proposes auctionan micro) is Greg Ip's Little Book of Economics. In case you don't know him, Greg writes for The Economist magazine and was previously at the Wall Street Journal. He now has a new edition of his book, together with an online guide to suggested.