Yes, according to a new report by the Congressional Budget Office. As always in such comparisons, however, there are some caveats. CBO summarizes its main results in this handy chart: Report author Justin Faulk summarizes the findings as follows: Differences in total compensation—the sum of wages and benefits—between federal and private-sector employees also varied according [...]
Archive for January, 2012
Do Federal Workers Get Paid More Than Private Ones?
Posted in Budget, tagged Budget, CBO, Government, Labor on January 31, 2012 | 5 Comments »
Online Education and Self-Driving Cars
Posted in Internet, Teaching, Technology, tagged Auto, Education, Google, Teaching, Technology, Wired on January 30, 2012 | 10 Comments »
Last week, I noted that former Stanford professor Sebastian Thrun enrolled 160,000 students in an online computer science class. That inspired him to set up a new company, Udacity, to pursue online education. A new article in Bloomberg BusinessWeek adds some additional color to the story. Barrett Sheridan and Brendan Greeley answer a question many folks [...]
How Much Does the United States Really Owe?
Posted in Budget, tagged Accounting, Budget, Debt on January 27, 2012 | 9 Comments »
My latest column at the Christian Science Monitor takes a crack at this perennial question. Short version: You ought to add about $4.6 trillion to whatever debt figure you are using. Why? Because the United States has about $7.3 trillion in non-debt liabilities (mostly pension and health benefits), offset by about 2.7 trillion in assets. These numbers aren’t perfect–for [...]
Can One Professor Teach 500,000 Students At Once?
Posted in Teaching, tagged Education, Teaching on January 26, 2012 | 1 Comment »
That’s what former Stanford professor Sebastian Thrun aims to do. Sound impossible? Well, he’s already taught a class of 160,000 students. As Felix Salmon recounts: Thrun told the story of his Introduction to Artificial Intelligence class, which ran from October to December last year. It started as a way of putting his Stanford course online — he [...]
Capital Gains Taxes Are Going Up
Posted in Budget, Taxes, tagged Budget, Capital Gains, Taxes on January 24, 2012 | 3 Comments »
The top tax rate on long-term capital gains is currently 15%. That’s why Mitt Romney is spending so much time talking about his tax returns. That revelation has set off a familiar debate about whether that low rate is appropriate. Often overlooked in these discussions, however, is the fact that the days of the 15% [...]
The Natural Gas Glut is Reshaping Electricity Markets
Posted in Energy, Environment, tagged Coal, Energy, Environment, Natural Gas, Nuclear, Wind on January 18, 2012 | Leave a Comment »
Over at Bloomberg, Julie Johnsson and Mark Chediak document how low natural gas prices are reshaping electricity markets. Wind, nuclear, and coal all look expensive compared to natural gas generation: With abundant new supplies of gas making it the cheapest option for new power generation, the largest U.S. wind-energy producer, NextEra Energy Inc. (NEE), has shelved [...]
Oil and Natural Gas Prices Move Even Further Apart
Posted in Energy, Environment, Microeconomics, tagged Energy, Natural Gas, Oil on January 9, 2012 | 3 Comments »
In 2010, I wrote a series of posts documenting how oil and natural prices had decoupled from each other (see here and here). For many years, oil prices (as measured in $ per barrel) were typically 6 to 12 times natural gas prices (as measured in $ per MMBtu). That ratio blew out to around [...]
Getting Better But a Long Way to Go
Posted in Data, Economy, Macroeconomics, tagged jobs, unemployment on January 7, 2012 | 1 Comment »
Friday’s jobs data confirmed that labor markets are getting better, but slowly. Payrolls expanded by 200,000, the unemployment rate fell again to 8.5%, weekly hours ticked up from 34.3 to 34.4, and hourly earnings rose by 0.2%. Of course, there is still a long, long way to go. Unemployment and underemployment both remain very high, but [...]
How Do Consumers Spend Engine Efficiency Advances? On Bigger, Faster Cars
Posted in Energy, Microeconomics, tagged Auto, Energy, Gasoline, Incentives, Offsetting Behavior on January 5, 2012 | 4 Comments »
Auto companies have made great strides in improving engine efficiency in recent decades. But those improvements haven’t done much to improve the fuel economy of America’s passenger car fleet. Instead, consumers have “spent” most of those efficiency improvements on bigger, faster cars. MIT economist Christopher Knittel has carefully quantified these tradeoffs in a recent paper in the American Economic [...]
Lose an Election, Gain a Think Tank
Posted in Politics, tagged Think Tanks on January 4, 2012 | 10 Comments »
Over at National Affairs, Tevi Troy reviews the evolution–and, he believes, devaluation–of America’s think tanks. He leads off by noting how many think tanks have shifted toward political combat and rapid response and away from non-partisan research: One of the most peculiar, and least understood, features of the Washington policy process is the extraordinary dependence [...]
Most Requested
Twitter
Get Updates by Email
Get Updates by RSS
Share or Bookmark
-
Recent Posts
- Energy Security, the Infographic
- The Fight over Medicare Double Counting
- Why Free is a Bad Price, American Airlines Edition
- Jobs Report – The Soft Side of Mediocre
- Investing in Memories, Ocelot Edition
- Advanced Game Theory, Golden Balls Edition
- Entitlement Spending in One Picture
- Talking Tax Reform on the PBS Newshour
- The Federal Budget in One Picture
- Should We Blame TurboTax for Tax Code Complexity?
- How Big Are Tax Preferences?
- Should High Heels Be Taxed?
- Canada Will Eliminate the Penny
- Public Service Announcement: There Is No Health Care Tax on Home Sales
- Long Spots, Short Stripes
30-Second Economics
Tags
Categories
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
Translate this blog into
