William Nordhaus, Nobel laureate who integrated economics and climate change, devoted Yale citizen
Penelope Laurans William Nordhaus ‘63, Sterling Professor of Economics who won a Nobel Prize in 2018 for integrating climate change into long-run macroeconomic analysis, died Oct. 30 at age 85. William D. Nordhaus, Sterling Professor of Economics, Emeritus, whose influential work as an economist transformed a field and who won the 2018 Nobel Prize in Economics […]
China’s billionaires in the age of China Shock 2.0.
Adam Tooze Oligarchs, wealthy and influential capitalists – what you might call “personal capital” as opposed to “institutional” or “societal” or “class” capital – are an increasingly important feature of contemporary political economy. The profile of this top wealth is worth understanding. There are about 3500 people worldwide worth more than $1 billion. Their share […]
How is Labor Demand Changing as AI Improves? New Global Evidence
Sakai Ando, Divya Kirti, Willa Lin and Assyifa Szami Ilman The rapid advance of generative artificial intelligence (AI) has sparked intense debate about its effects on labor markets. We draw on over 700 million online job postings to present new evidence covering 110 economies. Demand has declined by nearly 10 percent in more AI-exposed occupations […]