Rate of Return on Everything, 1870–2015* | The Quarterly Journal of Economics
Abstract. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a te
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Abstract. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a te
A longstanding puzzle in cognitive science is the secular rise in cognitive skill across generations. Cognitive scientists emphasise explanations such as improvements in health and nutrition. This column describes research using an economic model and population administrative data from Sweden to argue that this ‘Flynn effect’ may originate in part from changes in economic
Abstract. The high-frequency trading arms race is a symptom of flawed market design. Instead of the continuous limit order book market design that is currently