Evidence receipt / evaluation
Published · transcript-backedGarett Jones: evaluation
26 Feb 2020 Conversations with Tyler Garett Jones on Democracy (More or Less)
“Well, some of it is some version of technology shocks, where people find it very expensive in real terms to move out of certain sectors of the economy, whether there’s a regional stickiness to live in a certain area because of family ties, for instance, whether it’s generous unemployment benefits, which are certainly well worth justifying on their own right because starvation as a motivation to work isn’t great.”
Source trail
Everything needed to verify it.
- Speaker
- Garett Jones
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 26 Feb 2020
- Publisher
- Conversations with Tyler
Transcript context
…So what’s the missing factor for explaining unemployment over sustained periods of time? Well, some of it is some version of technology shocks, where people find it very expensive in real terms to move out of certain sectors of the economy, whether there’s a regional stickiness to live in a certain area because of family ties, for instance, whether it’s generous unemployment benefits, which are certainly well worth justifying on their own right because starvation as a motivation to work isn’t great. These real side factors, like social safety nets, real costs of adjustment, shocks that can cripple a person’s human capital for a decade or more — I think these are more important for explaining that kind of long-run stuff. Sargent and Ljungqvist’s work on the “European Unemployment Dilemma,” I think, captures some of that. What’s the biggest mistake found in Twitter macroeconomics?…
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