Check out the repost of a nice Andrew Gelman piece on the perils of the "single definitive study". I'm not entirely sure what he means by "happy talk", but it's very apt as a description of the sort of academic gushing that seems to be required by the "impact agenda". Nothing against publicity, BTW, but perhaps one should have something worth saying first. Anyway, a good excuse to listen to REM.
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Why did we think wages are rigid for all those years?
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Thelarge spike at zero in the distribution of year-to-year nominal wage
changes in household surveys is often seen as evidence of nominal wage
rigidity. ...
55 minutes ago
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