Thursday , September 24 2020
Home / T. Cowen: Marginal Revolution / The Great Psychometric test continues (U.K. fact of the day)

The Great Psychometric test continues (U.K. fact of the day)

Summary:
And the results ain’t always pretty: The number of high-risk drinkers nearly doubled in lockdown and was worst in groups of higher social class, a government report shows. Here is the (gated) Telegraph article.  Part of the mechanism of course may be that the “groups of higher social class” have not experienced the most severe income hits.  But I wonder if there is not more at work here.  These same “groups of higher social class” are also those who went around to parties to be feted, traveled the world, gave talks at conferences, “did deals,” dominated meetings and grabbed the good seat, and through various other means received big in-person ego boosts in pre-Covid times.  Now those ego boosts are gone, and…what do they do?  Some of them do very fine things indeed. The post The Great

Topics:
Tyler Cowen considers the following as important: , ,

This could be interesting, too:

Menzie Chinn writes 13 Nobel Laureates in Economics on the Choice of President

Menzie Chinn writes President Trump’s Statement on the Occasion of Covid-19 Fatalities Exceeding 200,000

Tyler Cowen writes Gangs, Labor Mobility and Development

Tyler Cowen writes Tuesday assorted links

And the results ain’t always pretty:

The number of high-risk drinkers nearly doubled in lockdown and was worst in groups of higher social class, a government report shows.

Here is the (gated) Telegraph article.  Part of the mechanism of course may be that the “groups of higher social class” have not experienced the most severe income hits.  But I wonder if there is not more at work here.  These same “groups of higher social class” are also those who went around to parties to be feted, traveled the world, gave talks at conferences, “did deals,” dominated meetings and grabbed the good seat, and through various other means received big in-person ego boosts in pre-Covid times.  Now those ego boosts are gone, and…what do they do?  Some of them do very fine things indeed.

The post The Great Psychometric test continues (U.K. fact of the day) appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

Leave a Reply

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