economic news roundup and changing job markets
technology
Where Have All of the Bank Robbers Gone?

Even looking at bank robbers, we see that technological innovation creates the changing job markets that wind up as structural unemployment.

income redistribution
Business
The Mystery of Why Grads From 4 Year Colleges Earn More

It is a mystery whether college matters because it creates better human capital or creates signals that indicate graduates completed a long-term task.

What's Communicated by a College Degree?
Economic Ideas
What Signals Does a College Degree Really Send?

Some economists have an unexpected reason for the college earnings premium. First, the premium… In 2011, a diploma from a 4-year college meant you would earn 83% more than your high school classmate who did not attend college. Looked at slightly differently (below), the…

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