Assorted non-Covid links
1. Bad trade and the loss of variety.
2. Can money buy happiness revisited: the new take is to hire a happiness agent.
3. Do people have a bias for low-deductible insurance? (yes, partly for peace of mind reasons)
4. Weird Phillips curve behavior has to do with costs, not degree of tightness in the labor market.
5. New results on Harvard discrimination against Asian-Americans. “Asian Americans are substantially stronger than whites on the observables associated with admissions…the richness of the data yields a model that predicts admissions extremely well. Our preferred model shows that AsianAmericans would be admitted at a rate 19% higher absent this penalty.”
6. New Devon Zuegel podcast with Alain and Marie-Agnes Bertaud.