My guess is fields like medicine, consulting, finance will still have a human touch even after AI is widely adopted. Some humans will do higher value things, as is usual after a tech upgrade. But law? I could see the legal profession largely automated

When we get self driving cars everywhere, maybe we can take down all the highway direction signs

Some more data around the impact of the FARE Act Seems like it did increase rents around 5%. It's plausible the increases apply to both fee and non-fee buildings There is some speculation landlords also respond by lowering listings and shifting to aggressive pricing

An economic plan for European economy revitalization: -Drastic cuts to regulatory barriers -Increased labor market mobility + entrepreneurship -Lower wage taxes + higher property taxes, pension reform -Continental capital market integration -Industrial policy -Nuclearization

New: A 50-year-old federal rule has stifled affordable housing. Congress may finally, at long last, do something about it

Null results in cash transfers: a continuing series

Meta pays hundreds of millions for top tech talent while we shut down the high-skilled immigration pathways and research institutions which create them

Many countries around the world are seeing their capital city become the only real game in town, pushing house prices upwards. The US is somehow avoiding this, having multiple genuine urban hubs, and this seems much better all around

Very pleased that our local projections dif-in-dif paper is now out in the Journal of Applied Econometrics. It's a tool that we think many applied economists will find useful (indeed many already have). 🧵