Money and Computing
What Research Says About How Bad Information Spreads Online
"A 2017 study in the Journal of Economic Perspectives examined the consumption of false news in the US during the months leading up to the 2016 presidential election. In a survey of 1,208 U.S. adults, 15 percent said they remembered seeing false news stories, and 8 percent acknowledged seeing one of these stories and believing it. The study’s authors — Hunt Allcott, an associate economics professor at New York University, and Matthew Gentzkow, an economics professor at Stanford University — estimated that US adults, on average, 'read and remembered on the order of one or perhaps several fake news articles during the election period.'" more »
Strong Evidence that Hotter Weather Increases Both Suicide Rates and the Use of Depressive Language on Social Media
The authors stress that rising temperature and climate change should not be viewed as direct motivations for suicide. Instead, they point out that temperature and climate may increase the risk of suicide by affecting the likelihood that an individual situation leads to an attempt at self-harm. “Hotter temperatures are clearly not the only, nor the most important, risk factor for suicide,” Burke emphasized. “But our findings suggest that warming can have a surprisingly large impact on suicide risk, and this matters for both our understanding of mental health as well as for what we should expect as temperatures continue to warm.” more »
Census Bureau Research: Shhh….I Make More than My Husband: Spouses Report Earnings Differently When Wives Earn More
When wives earn more than their husbands do, a puzzling thing can happen: Husbands say they earn more than they are and wives underreport their income. New Census Bureau research shows that the incomes couples report on Census Bureau surveys do not always match their IRS filings. The Census Bureau is working to improve the quality of reported earnings by comparing an individual’s survey response with their reported response from another source.
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The Impact of Trade and Tariffs on the United States Key Findings From the Tax Foundation; Steve Rattner Charts
"The Trump administration has enacted tariffs on imported solar panels, washing machines, steel, and aluminum, plans to impose tariffs on Chinese imports, and is investigating further tariffs on Chinese imports and automobile imports. • The effects of each tariff will be lower GDP, wages, and employment in the long run. The tariffs will also make the US tax code less progressive because the increased tax burden would fall hardest on lower- and middle-income households. • Rather than erect barriers to trade that will have negative economic consequences, policymakers should promote free trade and the economic benefits it brings." more »