Pass-through rates of minimum wages into retail consumers
Fascinating study by Tobias Renkin, Claire Montialoux, and Michael Siegenthaler that uses micro-level supermarket scanner data (retail is famously good at tracking data).
The seven deadly sins of AI predictions
Most AI proponents seem to make assumptions based on a very poor understanding of Moore’s Law or other hubristic “technology will continue exponential growth forever”; most skeptics seem to make assumptions that make them sound like Luddites. Brooks, the former director of the Computer Science and Artificial Intelligence Laboratory at MIT, makes neither mistake.
Stock trades of SEC employees
In no way definitive (nor meant to be), but fascinating look at an under-developed topic: how SEC employees’ trades fare and why it might be the case that their portfolios preempt bad news better than peers’. Worth remembering that while capitalist firms are imperfect and prone to cheating, so are regulatory agencies…
Using Yelp data to measure economic activity
Extremely interesting approach. My (non-academic) sense is that economics data collection approaches haven’t adapted as quickly to the “Big Data” era and this paper seems like a very cool outlier.