Archive: Geoffrey T. Sanzenbacher
The effect of major events on the economy is often long-lasting. For example, the Great Recession triggered a large increase in the share of older workers – defined here as those ages 55 and over – who wanted to work but had given up even looking for a job…
Who knew doing nothing could be so effective? Most people probably know the portion of Issac Newton’s First Law of Motion that describes inertia: “objects at rest tend to stay at rest unless acted upon.” What most people don’t know is that when Sir Newton wrote this, he turned to his assistant and commented: “this…
