Casey B. Mulligan
Casey B. Mulligan's Latest Articles | 56
Much Fewer than 10% of Americans are Unemployed
Both Democrats and Republicans last night said that “10% of Americans are unemployed.” That is incorrect. The United States Census Bureau says that 15... Read »
Predictions Through 2014: In Levels
The aggregate neoclassical growth model – with a labor income tax or “labor market distortion” that began growing at the end of 2007 as its only... Read »
Time for Green Building Codes?
California is talking about creating a “green” building code. I will put aside the question of whether a green building code is a good idea in the long... Read »
Household Survey Shows No “Deceleration”
The chart below graphs monthly employment as measured by the household survey (red) and payroll employees (green). I have subtracted 7000 from the household survey... Read »
Labor Forecast
The Dec employment report comes out tomorrow. My forecast for labor usage (aggregate hours worked for both the private and public sectors) is below. I expect labor... Read »
Gullible New Keynesians? Or Tax Collector Windfall?
Incentives Matter, Period Long before Adam Smith, people learned that incentives matter. If a person cannot keep enough of the fruits of his efforts, he will not... Read »
No News Housing Starts
Some people thought they saw a trend toward less construction in the October housing construction data. Now that the November housing data is out, we can revisit... Read »
Who Studies Near-Zero Interest Rate Economies?
Professor Krugman has repeatedly emphasized that little of what we understand from past business cycles applies today, because interest rates are near zero today... Read »
Why are Durable Goods Suddenly So Expensive?
The graph below shows monthly price indices for capital equipment and consumer durables, though Oct 2009. Economists know well that these goods have steady gotten... Read »
Nonresidential Investment
Nonresidential capital and employment are “complements” — when people are working they need a place to work and equipment to work with efficiently. When... Read »







