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Education

When Counties Invest in Early Childhood

The authors evaluated the implementation of the Early Childhood Impact Fund (ECIF) in Harris County, Texas. ECIF provided $15 million to programs serving children from birth to age 5, their caregivers, and early childhood professionals

United States
Technology

America is still poised for a data center boom

Eric Levitz, via Matt Yglesias. The post America is still poised for a data center boom appeared first on Marginal REVOLUTION. Related StoriesThe College Wage Premium in the Generative AI EraMore optimistic results on AI and job marketsThe Hugging Face hack

United States
Economy

The College Wage Premium in the Generative AI Era

After expanding for four decades, the U.S. college wage premium is experiencing a sustained contraction, dropping sharply from 0.626 in 2022 to 0.575 in 2026. Using Current Population Survey Outgoing Rotation Group data through 2026, we show that standard market-clearing supply-and demand accounting implies an unprecedented drop in relative demand for college labor-the first sustained […] The post The College Wage Premium in the Generative AI Era appeared first on Marginal REVOLUTION. Related...

United States
Politics

Who values democracy?

This paper examines the conventional view that redistribution is central to the democratization process using data from stock markets. Consistent with this view, democratizations have a large, negative impact on asset valuations driven by a rise in redistribution risk. Across 90 countries over 200 years, risk premia are substantially elevated— similar in magnitude to financial […] The post Who values democracy? appeared first on Marginal REVOLUTION. CommentsIn reply to Bill Allen. Pretty easi...

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