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Richard Green
Worked at University of Southern California
Attended Harvard University
Lives in Pasadena, CA
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Richard Green

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It is hard to feel urban form sometimes.
I have spent a fair amount of time in Sao Paulo over the past 3-4 years, and always thought it sprawled more than LA, because it takes forever to get from one side of the place to the other.  So was I surprised when I went to Google Earth and looked at both...
I have spent a fair amount of time in Sao Paulo over the past 3-4 years, and always thought it sprawled more than LA, because it takes forever to get from one side of the place to the other.  So was I surprised when I went to...
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One reason to worry about US inequality...it is really bad for our babies.
My colleague Alice Chen , along with Emily Oster and Heidi Williams, have a new paper that explains differences in the infant mortality rate in the United States and other OECD countries. Despite its affluence, the US ranks 51st in the world in infant morta...
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Cities and the Environment--A first order effect?
I was reading a story about peak driving over the weekend.  In the course of reading the story, I discerned that we here in California drive far less than the average American.  In fact, California ranks 41st among the states in per capita driving: Date are...
I was reading a story about peak driving over the weekend.  In the course of reading the story, I discerned that we here in California drive far less than the average American.  In fact, California ranks 41st among the states...
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How choosing the right discount rate matters to Max Scherzer
My student Hyojung Lee sent me to a cute article about how Max Scherzer's $210 million contract is not really a $210 million contract.  Because Scherzer is getting $15 million per year over 14 years, the present value of the contract is substantially less t...
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The limits of knowledge in economics, Part V
How much does it cost you to live in your house?  If you are a renter, the answer to that question is fairly straightforward (although if your rent includes a gym membership and heat, it is not clearcut what the simple cost of occupying your place is). But ...
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The Limits of Knowledge in Economics: Part IV
The workhorse model of international trade is the  Heckscher-Ohlin Model.  It is essentially the model that formalizes the Ricardian model of trade students in principles of economics learn.  It demonstrates that countries export goods in which they have a ...
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Should Finance Departments Pay Pigou Taxes?
The Economis t leads me to an article by Stephen G Cecchetti and Enisse Kharroubi :   The purpose of this paper is to examine why financial sector growth harms real growth. We
begin by constructing a model in which financial and real growth interact, and th...
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The Violence Policy Center put out a press release this morning relating gun ownership rates to gun death rates.  I wrote to them asking for the complete data, and plotted it.  Here is the plot. In case you're interested, the bivariate regression's R-square...
The Violence Policy Center put out a press release this morning relating gun ownership rates to gun death rates.  I wrote to them asking for the complete data, and plotted it.  Here is the plot. In case you're interested, t...
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Richard Green

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Is Houston really vulnerable to recession? {Updated answer: maybe}
So after reading Paul Krugman's prediction that Texas was vulnerable , I did two things I should have done before. First, I looked to see whether the share of jobs in the mineral industry in Houston now are any lower than they were in 1986 (the first year f...
So after reading Paul Krugman's prediction that Texas was vulnerable, I did two things I should have done before. First, I looked to see whether the share of jobs in the mineral industry in Houston now are any lower than they...
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Richard Green

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Is Houston really vulnerable to recession?
My inbox is filling up with dire warnings about the near-term future of Houston's economy.  After all, the price of oil has dropped by 50 percent, and we know how reliant Houston is on energy.  Except, perhaps, it is not.  Let's look at a Bureau of Labor St...
My inbox is filling up with dire warnings about the near-term future of Houston's economy.  After all, the price of oil has dropped by 50 percent, and we know how reliant Houston is on energy.  Except, perhaps, it is not.  Le...
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Education
  • Harvard University
    1980
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Male
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Employment
  • University of Southern California
    Professor
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Currently
Pasadena, CA