You recall this impressive graph from the 2015 QJE paper by Bertrand/Kamenica/Pan?

The excess mass below 0.5 implies that someone/something prevents a lot of wives from earning earning more than their husbands.

faculty.chicagobooth.edu/emir.kamenica/… The finding is attributed to the male breadwinner norm and may be explained by sorting (marrying spouses with the "right" income), adjusting labor supply or other reasons (tax schedule, collective bargaining).

But here is a new paper by Anja Roth and Michaela Slotwinski:

At a recent conference, everyone at the dinner table agreed that MMT is bullshit, but nobody seemed able to say anything meaningful about it.

Here are some links that I found helpful to get a basic understanding (though not enough for a sophisticated twitter fight). (Btw, if the above tweet made you think I was the only exception at the table, you're a victim of my magic suggestive tweet writing skills.)

Here is a good overview by @dylanmatt

vox.com/future-perfect…

@alexcobham @FaccioTommaso @iaincampbell07 @D_Langenmayr @Omri_Marian @DanNeidle @gabriel_zucman @J_C_Suarez Actually I don't think that the primary/secondary question is just semantics. Let me explain. 30 years ago, it was almost academic consensus that taxes don't matter. Here is Hines (1999): @alexcobham @FaccioTommaso @iaincampbell07 @D_Langenmayr @Omri_Marian @DanNeidle @gabriel_zucman @J_C_Suarez Joel Slemrod edited a book in 1990 with the title "Do Taxes Matter?" (because at that time it was the "if", not the "how much" that was questioned). It was part of a growing literature that, over time, provided lots of evidence that taxed do matter a lot.

Ein paar Anmerkungen zu @PatrickBernau's „Steuerflucht von multinationalen Unternehmen ist nicht so schlimm wie gedacht“-Post vom Anfang der Woche.

blogs.faz.net/fazit/2018/06/… Vor allem zu 2 Punkten: 1) Apple habe rund 25 Prozent auf seine Gewinne gezahlt, schreibt Patrick. Das ist falsch. 2) Die Studien zur Steuervermeidung rechneten die Steuerflucht künstlich groß. Dieser Punkt beruht auf einem Missverständnis, ist tautologisch und damit sinnlos.