WIA Podcast 30 - Competition and Labor Market, with Ioana Marinescu
Another episode of the WIA Podcast International is now live. We talked to Ioana Marinescu, associate professor at the University of Pennsylvania and a research Associate at the National Bureau of Economic Research. The episode focused on labor issues that are drawing the attention of the antitrust community. In particular, we discussed the concept of labor monopsony, no poach agreements under US law, and the relations between labor market concentration and wages. We thank the interviewee, the WIA network, and, finally, the team at Brolio Gonçalves Advogados for their technical support. Presentation: Thaiane Abreu & Vivian Terng // Support: Camila Rocha, Guilherme Gonçalves, Priscila Brolio Gonçalves and Renata Gonsalez // Editing: João Carneiro // Vignette: Camila Rocha Um novo episódio do WIA Podcast International já está no ar. Conversamos com Ioana Marinescu, professora associada da Universidade da Pensilvânia e pesquisadora associada do National Bureau of Economic Research. O episódio focou em questões trabalhistas que estão chamando a atenção da comunidade antitruste. Em particular, discutimos o conceito de monopsônio trabalhista, no poach agreements sob a lei dos EUA e as relações entre concentração do mercado de trabalho e salários. Agradecemos à entrevistada, à rede WIA e, finalmente, à equipe do Brolio Gonçalves Advogados pelo suporte técnico prestado. Apresentação: Thaiane Abreu e Vivian Terng // Apoio: Camila Rocha, Guilherme Gonçalves, Priscila Brolio Gonçalves e Renata Gonsalez // Edição: João Carneiro // Vinheta: Camila Rocha
58 - The Post Covid Era, Economics, and Minimum Wage with Ioana Marinescu: Part 2
Politics: Meet Me in the Middle
Economist and Professor Ioana Elena Marinescu returns for part 2, with hosts Bill Curtis and International Trade Attorney Jane Albrecht, to discuss where the US currently stands economically, where it will stand in a post-COVID world, and the arguments for and against raising the minimum wage. Episode Timestamps: - :30 Minimum Wage- 1:54 Difference between a federal and state minimum wage - 2:36 Why we need a federal minimum wage- 3:33 Why a new minimum wage won’t lose jobs- 5:45 Places of business that underpay- 7:30 Public vs Private- 7:50 Companies who influence politicians to vote against minimum wage - 9:40 Adjusting Minimum Wage for inflation- 11:48 UBI and Minimum Wage- 12:48 What’s ahead Post Covid, economically?- 15:45 Credit to both Trump and Biden- 16:24 Jobs most likely to recover- 18:27 AI, Automation, and replacing humans- 19:30 Working from home and real estate- 21:36 Adjustments, progress, and change- 23:06 Lightning Round Segment (National Debt, China, Creating value for all, Capital Gains Tax Advantages, government efficiency and spending, UBI and the border ---------------------- Learn More: Politics: https://www.curtco.com/meetmeinthemiddle Follow Us on Twitter: https://www.twitter.com/politicsMMITM Hosted by: Bill Curtis and Jane Albrecht Edited and Sound Engineering by: Joey Salvia Theme Music by: Celleste and Eric Dick A CurtCo Media Production https://www.curtco.comSee omnystudio.com/listener for privacy information.
What happens when unemployment benefits run out? (with Ioana Marinescu)
Pitchfork Economics with Nick Hanauer
Right now, 26.3 million workers are either on unemployment or waiting to be approved for unemployment benefits. But for many of these jobless workers, the clock is running out on their eligibility to receive unemployment — and with no stimulus bill in sight, we could be entering a grim new phase of this recession. What will happen to the economy when unemployment insurance runs out? What will happen to the people who rely on those benefits? Economist Ioana Marinescu helps Nick and Goldy understand what the near-future of unemployment benefits looks like in the U.S. Ioana Marinescu is an assistant professor at the University of Pennsylvania School of Social Policy & Practice, and a Faculty Research Fellow at the National Bureau of Economic Research. She studies the labor market to craft policies that can enhance employment, productivity, and economic security. Twitter: @mioanaShow us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics Further reading:Emergency unemployment programs will expire at year’s end, putting millions at risk: https://www.nytimes.com/2020/11/11/business/emergency-unemployment-programs-will-expire-at-years-end-putting-millions-at-risk.html Policy Basics: How many weeks of unemployment compensation are available?: https://www.cbpp.org/research/economy/policy-basics-how-many-weeks-of-unemployment-compensation-are-available 30 weeks into the COVID-19 pandemic and workers desperately need stimulus: https://www.epi.org/blog/30-weeks-in-to-the-covid-19-pandemic-and-workers-desperately-need-stimulus/ Unemployment insurance and job search behavior: http://www.marinescu.eu/publication/marinescu-unemployment-2020/ You can’t afford to live anywhere in the United States solely on unemployment insurance: https://www.americanprogress.org/issues/economy/news/2020/09/10/490265/cant-afford-live-anywhere-united-states-solely-unemployment-insurance/ With millions of people out of work, the Senate’s inaction is not only cruel, it’s bad economics: https://www.epi.org/blog/with-millions-of-people-out-of-work-the-senates-inaction-is-not-only-cruel-its-bad-economics/ Scraping by on benefits and part-time work, but a cutoff looms at year’s end: https://www.nytimes.com/2020/10/29/business/scraping-by-on-benefits-and-part-time-work-but-a-cutoff-looms-at-years-end.html How America gave up on fighting the pandemic and saving the economy: https://www.vox.com/21523204/coronavirus-unemployment-stimulus-economy 8 million have slipped into poverty since May as federal aid has dried up: https://www.nytimes.com/2020/10/15/us/politics/federal-aid-poverty-levels.html Pelosi sends letter to Secretary Mnuchin on areas still awaiting responses from White House: https://www.speaker.gov/newsroom/102920 Slowdown in jobs added means we could be years away from a full recovery: https://www.epi.org/press/slowdown-in-jobs-added-means-we-could-be-years-away-from-a-full-recovery/ Exclusive: America’s true unemployment rate: https://www.axios.com/americas-true-unemployment-rate-6e34decb-c274-4feb-a4af-ffac8cf5840d.html Young workers hit hard by the Covid-19 economy: https://www.epi.org/publication/young-workers-covid-recession/ Website: http://pitchforkeconomics.com/Twitter: @PitchforkEconInstagram: @pitchforkeconomicsNick’s twitter: @NickHanauer
Patreon exclusive episode, now released to the public! UPenn labor economist Ioana Marinescu sits down with the podcast to talk about Universal Basic Income. If you enjoy the podcast, please consider supporting us at Patreon.com/neoliberalproject. Patrons get access to exclusive bonus episodes, newsletters, neoliberal swag and community features.
BI 027 Ioana Marinescu & Konrad Kording: Causality in Quasi-Experiments
Show notes: Websites: Ioana Marinescu, Konrad KordingTwitter: Twitter: @mioana; @KordingLabThe paper we discuss: Quasi-experimental causality in neuroscience and behavioral research.A Pre-print version. Judea Pearl's The Book of Why.Judea Pearl's online lecture about causality: The Art and Science of Cause and Effect.Ioana's review of Universal Basic Income: No Strings Attached.The post on hedge drift by Stefan Schubert: Hedge drift and advanced motte-and-bailey.Books recommended by Ioana and Konrad to understand causality: Mostly Harmless Econometrics.Mastering 'Metrics: The Path from Cause to Effect.
$15 Minimum Wage ft. Sam Hammond, Ioana Marinescu and Noah Smith
The Neoliberal Podcast
In this roundtable episode, the group discusses labor market policy including $15 minimum wage, monopsony, and labor mobility. Patreon subscribers get access to full interviews which run twice as long. If you like what we do (and want Neoliberal stickers each month) consider supporting us.
Ioana Marinescu is an assistant professor of economics at the University of Pennsylvania and a faculty research fellow at the National Bureau of Economic Research. Today she joins the show to highlight her work on the concept of a Universal Basic Income (UBI). David and Ioana discuss how a UBI would work and how it compares and contrasts with Milton Friedman’s related negative income tax proposal. They also discuss the economic and social effects of a UBI, some experimental evidence of the policy, and the political feasibility of such a program. David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth Ioana’s Twitter: @mioana Ioana’s website: http://www.marinescu.eu/ Related Links: *No Strings Attached: The Behavioral Effects of U.S. Unconditional Cash Transfer Programs* by Ioana Marinescu http://www.marinescu.eu/Marinescu_UBI_review_2017.pdf *The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund* by Damon Jones and Ioana Marinescu http://home.uchicago.edu/~j1s/Jones_Alaska.pdf