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Occupational licensing is a barrier to interstate migration

…we find that the between-state migration rate for individuals in occupations with state-specific licensing exam requirements is 36 percent lower relative to members of other occupations. Members of licensed occupations with national licensing exams show no evidence of limited interstate... more

Marginal Revolution University 12/11/2017 - 7:35am
The social origins of inventors

That is a new paper by Aghion, Akcigit, Hyytinen, and Toivanen, here is one brief excerpt: In particular we see that IQ is by far the main characteristic for the probability of becoming an inventor in terms of the share of variation it explains, followed by parental education.  These two groups... more

Marginal Revolution University 12/12/2017 - 10:47am
*Between Quran & Kafka: West-Eastern Affinities*

That is another truly splendid book by Navid Kermani.  Imagine deep and thoughtful essays on Goethe and Islam, Kleist and love, Shiite passion plays, Wagner and empathy, and why he doesn’t so much sympathize with King Lear, all from a George Steiner brand of polymath.  As I’ve mentioned before,... more

Marginal Revolution University 12/13/2017 - 7:36am
New Zealand fact of the day

…a recent report by Yale University concluded the country is suffering the highest rate of homelessness in the developed world with 40,000 people, nearly 1 per cent of the population, living on the streets or in emergency housing or substandard shelters. …“The big change in homelessness is the... more

Marginal Revolution University 12/11/2017 - 12:37am
Bitcoin Is a Bit of a Miracle at Any Price

That is the title of my latest Bloomberg column.  Rather than giving you the main argument, let’s instead cut to the end: The real story of bitcoin is a heartening one of community. Less than 10 years ago, the bitcoin asset was worth virtually nothing, but a small group of people believed in it... more

Marginal Revolution University 12/11/2017 - 11:34pm
The culture that is San Francisco

Animal shelter faces backlash after using robot to scare off homeless people. Via ChiefRobot and Will Knight. The post The culture that is San Francisco appeared first on Marginal REVOLUTION.

Marginal Revolution University 12/13/2017 - 7:13am
What is up with the new Brexit deal?

Most of the Tories are happy they found a semi-workable version of the deal.  They pay a big divorce bill to the EU, have a long transition period, opt for “regulatory standardization with the EU” for the whole UK, as enforced by the need to avoid a hard border in Ireland, and over the longer... more

Marginal Revolution University 12/10/2017 - 10:28pm
*Exact Thinking in Demented Times*

Where?, I hear you asking.  No, that is the title of a new book by Karl Sigmund and the subtitle is The Vienna Circle and the Epic Quest for the Foundations of Science.  I enjoyed this book very much, though I don’t recommend it as a balanced introduction to its chosen topic.  I liked it best... more

Marginal Revolution University 12/11/2017 - 10:12pm
Facts about uh and um

…if a speaker marks a delay with “um,” that delay will be longer than if it had been marked by “uh.”  If “uh” is used, the delay that follows before resumption of fluent speech is roughly a quarter of a second; if “um” is used, the anticipated delay approaches three-quarters of a second. In one... more

Marginal Revolution University 12/13/2017 - 12:23am
Sunday assorted links

1. Is Spotify leading us to the new Muzak?  I fear yes, how 2017 is that? 2. “By the end of my first year in China, I feel as if I am a one-person FDA.” 3. Does algorithmic trading reduce information acquisition? 4. Are avocado injuries a thing of the past? 5. Yet more correct Ross Douthat, on... more

Marginal Revolution University 12/10/2017 - 12:48pm