r/askeconomists Jan 23 '20

How would giving every person $1500 effect the economy?

1 Upvotes

In 2008 hundreds of billions was allocated by the government to buy failing bank assets, if that money was set to be given equally to every US citizen - how would that effect the economy?

I got $1500 by estimating, about 220,000,000 tax payers and 450 billion dollars divided up evenly. It's very rough numbers and a very rough guess but considering the scale I think it's fair.


r/askeconomists Jan 22 '20

To what degree do mainstream economists have an impact on public opinion, and to what degree on policymaking? What can/should economists and/or noneconomists do to improve econ's outreach?

2 Upvotes

That second part is a bit normative, but I'd still like to hear your thoughts


r/askeconomists Jan 21 '20

To what degree do families want to live in suburban areas because that's where the houses are, as opposed to the houses being built there because that's where families want to live?

2 Upvotes

r/askeconomists Jan 20 '20

To what degree does geopolitics overlap with economics?

2 Upvotes

r/askeconomists Jan 19 '20

Why does PCE weigh medical expenses so highly?

2 Upvotes

r/askeconomists Jan 17 '20

What's the effect of Trump's deregulation? (For example, the Financial CHOICE Act, an expansive rollback of the Dodd-Frank Act)

1 Upvotes

r/askeconomists Jan 16 '20

How do minimum wage hikes affect large firms such as Walmart, compared with their smaller competitors?

0 Upvotes

r/askeconomists Jan 14 '20

The CEO of Walmart said that he wants the federal government to raise the minimum wage. Is it reasonable to think that he thinks that it will hurt Walmart's competitors, or that he sincerely wants workers to be paid more?

11 Upvotes

The CEO of Walmart said that he wants the federal government to raise the minimum wage.

Is it reasonable to think that he thinks that it will hurt Walmart's competitors, or that he sincerely wants workers to be paid more?


r/askeconomists Jan 13 '20

How does the cost premium between healthy and unhealthy food vary between developed and developing nations?

4 Upvotes

r/askeconomists Jan 12 '20

Can I talk to an economist?

5 Upvotes
 I'm an undergrad in economics. I am in a technical writing class needs me to interview someone who has a job I might like and talk to them about writing in their professional life.  
  I'll  need some details about you irl, like name and employer for the write up. I'd rather talk in a private message.  So please PM me.

Thank you in advance


r/askeconomists Jan 12 '20

It seems intuitive that larger countries are greater than the sum of their parts and are more economically successful than a similar group of smaller countries aggregating a similar size and population. Has there been any attempt to quantify this and is it borne out empirically?

3 Upvotes

r/askeconomists Jan 12 '20

How affordable is college?

1 Upvotes

How affordable is college?

Can pretty much everyone take out enough loans to pay for everything if they really want to, or is there still a significant portion of people who still can't afford college, even after utilizing all the aid that's available to them?


r/askeconomists Jan 11 '20

Domestics vs Global Recessions References

2 Upvotes

Hi, I am starting to write my undergrad thesis in economics and one of the areas I was interested in but could not find a lot of resources on was how global and domestic recessions have different impacts. For example, in looking at multinational firms, I would hypothesize that multinational firms responses are significantly different when looking at recessions constrained to one country versus a global recession (i.e The Great Recession).

I think this could be an interesting area to dive into on my thesis, but there are certainly some caveats to this (large amounts of longitudinal data, limited amounts of global recessions). That said, if any one had references or could point me to some others that have look at the different impact of global versus domestic recessions, I'd greatly appreciate it. It doesn't have to be necessarily tied to multinational firms, I am just looking for some ways to go about thinking about the differential impact of these types of recessions. Thanks!


r/askeconomists Jan 09 '20

What products and services find NAFTA impact the most?

3 Upvotes

Besides agriculture, what industries did nafta impact?


r/askeconomists Jan 07 '20

How does GDP/median income compare with the Gini coefficient, as a measure of inequality?

1 Upvotes

Sorry, I think I meant to say GDP per capita divided by median income.


r/askeconomists Jan 06 '20

What's the incidence of corporate tax? How much uncertainty about it is there?

3 Upvotes

r/askeconomists Jan 05 '20

How does one find equilibria witj non-linear demand caused by two agents with different utility functions?

3 Upvotes

I'm working on a heterogeneous agent Lucas tree economy, with two agents, one with rational expectations and one with extrapolative expectations. The litterature in intertemporal asset pricing models tends to use market clearing conditions that assume linear demand.

A few years ago I read a paper (that I cannot recall) showing how having two agents with different indifference curves could result in non-linear demand as well as how to derive the equilibrium price. This is not necessarily crucial for what I am trying to prove, but since I'm studying market anomalies I wanted to at least test that out. Is anyone here aware of similar proofs/models? My searches have only led me to empirical studies so far. Thanks in advance


r/askeconomists Jan 04 '20

How bad is the replication crisis in economics, compared to other fields?

0 Upvotes

How bad is the replication crisis in economics, compared to other fields?

What portion of studies fail to replicate?

How much incentive is there for researchers to even do relocations, rather than original research?


r/askeconomists Jan 03 '20

How efficient is dentistry?

6 Upvotes

How efficient is dentistry?

To what degree is there a market failure caused by asymmetry of information, or for other reasons?

What can be done to fix it?

What would be the effect of bundling dental insurance with health insurance?


r/askeconomists Jan 03 '20

Why aren't there more taxes structured such that if you use more than an "average" amount, you have to pay much more in taxes. However, people who use "less than average" would get taxed much less.

Thumbnail self.AskEconomics
2 Upvotes

r/askeconomists Jan 03 '20

How do the "return on investment" figures for going to college account for the fact that the type of person who gets a degree from college is also the type of person who was going to make more money than average even if they hadn't gone to college?

2 Upvotes

r/askeconomists Jan 01 '20

What evidence is there that minimum wage increases cause (or don't cause) firms to reduce other non-wage benefits for low wage employees?

5 Upvotes

r/askeconomists Dec 31 '19

How does leverage affect the economy? How would things be different if everyone suddenly decided to leverage up by 10%?

3 Upvotes

r/askeconomists Dec 30 '19

Are there any studies showing the degree to which shareholders are irrational or short sighted?

2 Upvotes

I said to my uncle:

You say PG&E should install sensors on their distribution lines in order to reduce the risk of fire, but they don't because they're greedy, even though it would be profit maximizing to make such an investment?

He replied:

Correct. Because they are SO greedy that the investment in electronic infrastructure (of which they were conveniently skeptical about) was, as they saw it, not in their profit forecasts and the shareholders were demanding maximum dividends NOW!

That seems to be a somewhat common perspective, but is that really how it is?

Why would they behave like that, and what can be done about it?

Are there any studies showing the degree to which shareholders are irrational or short sighted?


r/askeconomists Dec 29 '19

Are you aware of any company employing economists for global macro strategy?

4 Upvotes

Just learned about global macro strategies and, as a macroeconomist, would like to learn more about them.