CNBC: Falling oil prices could prompt world leaders to agree on production policy at G-20 summit, analysts say https://www.cnbc.com/2018/11/28/oil-prices-g-20-summit-could-see-world-leaders-agree-on-policy-ahead-of-opec-meeting.html
https://www.gasbuddy.com/Charts?_ga=2.154600440.1340128259.1543415746-613881047.1543415746
G20 https://en.wikipedia.org/wiki/G20
Wednesday, November 28, 2018
Monday, November 26, 2018
CNBC: Climate change will cost economy hundreds of billions of dollars, government says in sweeping report
CNBC: Climate change will cost economy hundreds of billions of dollars, government says in sweeping report
https://www.cnbc.com/2018/11/23/us-report-says-climate-change-will-batter-economy-in-clash-with-trump.html
NC: State summary: https://statesummaries.ncics.org/nc
https://science2017.globalchange.gov/chapter/executive-summary/
https://www.cnbc.com/2018/11/23/us-report-says-climate-change-will-batter-economy-in-clash-with-trump.html
NC: State summary: https://statesummaries.ncics.org/nc
https://science2017.globalchange.gov/chapter/executive-summary/
Monday, November 19, 2018
NBER working paper: Who Profits from Patents? Rent-Sharing at Innovative Firms
https://www.nber.org/papers/w25245
Who Profits from Patents? Rent-Sharing at Innovative Firms
Patrick Kline, Neviana Petkova, Heidi Williams, Owen Zidar
NBER Working Paper No. 25245
Issued in November 2018
NBER Program(s):Labor Studies, Productivity, Innovation, and Entrepreneurship
Issued in November 2018
NBER Program(s):Labor Studies, Productivity, Innovation, and Entrepreneurship
This paper analyzes how patent-induced shocks to labor productivity propagate into worker compensation using a new linkage of US patent applications to US business and worker tax records. We infer the causal effects of patent allowances by comparing firms whose patent applications were initially allowed to those whose patent applications were initially rejected. To identify patents that are ex-ante valuable, we extrapolate the excess stock return estimates of Kogan et al. (2017) to the full set of accepted and rejected patent applications based on predetermined firm and patent application characteristics. An initial allowance of an ex-ante valuable patent generates substantial increases in firm productivity and worker compensation. By contrast, initial allowances of lower ex-ante value patents yield no detectable effects on firm outcomes. Patent allowances lead firms to increase employment, but entry wages and workforce composition are insensitive to patent decisions. On average, workers capture roughly 30 cents of every dollar of patent-induced surplus in higher earnings. This share is roughly twice as high among workers present since the year of application. These earnings effects are concentrated among men and workers in the top half of the earnings distribution, and are paired with corresponding improvements in worker retention among these groups. We interpret these earnings responses as reflecting the capture of economic rents by senior workers, who are most costly for innovative firms to replace.
Friday, November 16, 2018
CNBC: Brexit basics: Key points from the draft deal
Brexit basics: Key points from the draft deal
https://www.cnn.com/2018/11/15/uk/brexit-deal-key-policy-takeaways-intl-gbr/index.html
https://www.cnn.com/2018/11/15/uk/brexit-deal-key-policy-takeaways-intl-gbr/index.html
Friday, November 9, 2018
CNBC: US wholesale prices jump 0.6% in Oct, the most in 6 years
US wholesale prices jump 0.6% in Oct, the most in 6 years https://www.cnbc.com/2018/11/09/us-ppi-oct-2018.html
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