Measuring Economic Impact
The discussion delves into the complexities of measuring the impact of economic policies, such as minimum wage and trade agreements like NAFTA. Insights reveal the challenges economists face in quantifying job creation and destruction, highlighting the importance of micro data for understanding counterfactual scenarios. The conversation raises questions about the reliability of economic measurements and whether progress in econometrics will continue.In this clip
From this podcast
EconTalk
Susan Athey on Machine Learning, Big Data, and Causation
Related Questions
How does minimum wage affect the economy in the context of the episode Conversation with David Leonhardt — The State of the US Economy and the clip Unionization and Investment?
What's the impact of tariffs on the job market in the US?
Can economic predictions be trusted in the episode James Heckman on Facts, Evidence, and the State of Econometrics and the clip The Limits of Economic Knowledge?