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Economy

The Economics of a Shrinking World

From Jesus Fernandez-Villaverde and Patrick Norrick: As of 2026, humanity is likely below replacement fertility. That has never happened before, not in wars or pandemics. But the real surprise is that the fall has been concentrated in low- and middle-income countries and among poorer and less educated women. We fit a single-factor model to 236 […] The post The Economics of a Shrinking World appeared first on Marginal REVOLUTION.

Global
Society

Intergenerational mobility of immigrants in 15 destination countries

We estimate intergenerational mobility of children of immigrants in fifteen receiving countries. Children of immigrants have somewhat lower income than children of local-born parents. Around half of this gap can be explained by differences in parental income, with the remainder due to differences in mobility parameters. The daughters of immigrants enjoy higher absolute mobility than […] The post Intergenerational mobility of immigrants in 15 destination countries appeared first on Marginal RE...

United States
Business

Those old (new?) service sector jobs

An ability to mimic the shrieks of langur monkeys may not seem like a bankable skill, but for some Indians it has become a job, if not a calling. These vocal professionals specialise in pest control and are being employed to keep out unwanted primates as Delhi prepares to host the badminton world championships. The […] The post Those old (new?) service sector jobs appeared first on Marginal REVOLUTION. CommentsIn reply to Nick. Relative prices. by DismalistWildlife management will be one of t...

India
Technology

Cartoon: AI finds a way

A humorous cartoon explores the implications of AI's growing capabilities, highlighting both its potential benefits and the challenges it poses to society.

Global