Thursday , September 19 2019
Home / Brad Delong, Berkeley / Brad DeLong's Grasping Reality 2019-08-15 18:55:25

Brad DeLong's Grasping Reality 2019-08-15 18:55:25

Summary:
That's a 2.5% reduction in suicides for a 10% rise in two dimensions of the safety net. That seems to me to be large effect: William H. Dow, Anna Godøy, Christopher A. Lowenstein, and Michael Reic: Can Economic Policies Reduce Deaths of Despair?: "Midlife mortality has risen... largely reflect [ing]increased mortality from alcohol poisoning, drug overdose and suicide.... We leverage state variation in policies over time to estimate difference-in-differences models of drug overdose deaths and suicides, using data on cause-specific mortality rates from 1999-2015.... Higher minimum wages and EITCs significantly reduce non-drug suicides.... Increasing both the minimum wage and the EITC by 10 percent would likely prevent a combined total of around 1230 suicides each year...

Topics:
Bradford DeLong considers the following as important:

This could be interesting, too:

Bradford DeLong writes Josiah Ober: The Greeks and the Rational: The Discovery of Practical Reasons

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-09-18 21:47:07

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-09-18 16:20:38

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-09-18 16:18:14

That's a 2.5% reduction in suicides for a 10% rise in two dimensions of the safety net. That seems to me to be large effect: William H. Dow, Anna Godøy, Christopher A. Lowenstein, and Michael Reic: Can Economic Policies Reduce Deaths of Despair?: "Midlife mortality has risen... largely reflect [ing]increased mortality from alcohol poisoning, drug overdose and suicide.... We leverage state variation in policies over time to estimate difference-in-differences models of drug overdose deaths and suicides, using data on cause-specific mortality rates from 1999-2015.... Higher minimum wages and EITCs significantly reduce non-drug suicides.... Increasing both the minimum wage and the EITC by 10 percent would likely prevent a combined total of around 1230 suicides each year...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

Leave a Reply

Your email address will not be published. Required fields are marked *