Skip to content

Just Kill Me Now

30 January 2006

“Our results follow from two basic observations. First, zero-sum distribution shocks have aggregate effects if, and only if, there are asymmetries in the reactions of winners and losers to change in wealth. If the individual response of, say, labor supply to a marginal change in wealth is the same for everybody, then wealth changes that sum to zero generate changes in labor supply that also sum to zero.”

Good news: 14 of these done.

Bad news: 16 more to go.

See, I wasn’t exaggerating when I said it was a monster.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: