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RT @visegrad24: The U.S. had more births than the EU last year despite having a population of 340 million compared to the EU’s 450 million….

What do you want to know?.

I'm genuinely curious here. As a kid, I just assumed we'd have our great rock bands and musical acts just like our parents and it hasn't really happened outside of Swift.

The WSJ today has an article about the gradually slowing migration rate. Our slowing job market is overdetermined (tariffs, stubborn inflation, AI), but if we slip into a recession, I wonder if it's because we finally lost the tailwind from the Great Pandemic migration and.

Tick tock.

Still true. The Boomers rewrote American culture. Gen X gave us ska, Eminem, and Kurt Cobain. Us Millennials pretty much have "Girls" and Taylor Swift. Why are Millennials so much worse at producing culture?.

RT @basquith827: Question: are there any papers on AI that explicitly model that some people’s (many people’s?) productivity might be furth….

RT @DeItaone: SCIENTISTS DEVELOP BRAIN IMPLANT CAPABLE OF DECODING INNER SPEECH. Scientists in California have developed what they say is t….

RT @leqonomics: New Publication. 🏙️📈 Thrilled to share that our paper, “𝘿𝙤𝙚𝙨 𝙍𝙚𝙣𝙩 𝘾𝙤𝙣𝙩𝙧𝙤𝙡 𝙄𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙏𝙚𝙣𝙖𝙣𝙩 𝙐𝙣𝙚𝙢𝙥𝙡𝙤𝙮𝙢𝙚𝙣𝙩?”, has been publishe….

RT @pleonidasp:

Not really. It’s just that Columbus lucked into being both the state capital and getting the state flagship. No secret sauce there. These arguments that this is fine and natural gloss over the reality that what taxpayer money created, taxpayer money might be interested in.

RT @MattZeitlin: Relatedly, we talk a lot about outmigration from the rust belt to the sunbelt, but one thing we see a lot — especially som….

RT @arpitrage: Interesting that in three of the most important matching markets: housing, labor, and marriage, the dominant feature is lock….

My big takeaway here is that the justification for giving seniors rebates or breaks on their property taxes is weaker than it was in the past. Many local govs are expanding their services to seniors, including by building them housing. As the number of kids shrinks and the number.

. with young families being the ones losing this game of musical chairs.

A 2017 paper by Molloy, Smith, and Wozniak found that while mobility had decreased for everyone, only older workers were both working more AND moving less than they used to. The combo of Social Security changes encouraging people to work longer + these senior property tax.

BUT these exemptions probably also play a role in spurring the rise of retiring in place, decreasing the natural turnover of housing that would occur in areas with strong schools as people become empty nesters.

5.) Lastly, almost every state subsidizes the property taxes of seniors in some way but there are zero programs that I'm aware of for young families or first-time buyers. Of course, property taxes pay for schools, and it makes sense for families to help pay for them. .

4.) On the flip side, there has been a lot of new housing built, but it's mostly on the suburban fringe. There are natural limits on how much further out you can build, because having to commute an hour+ every day when you have young kids is not appealing.