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James Schneider: March 2014

An Author Archive by Month (10 entries)
A forthcoming AER paper examines whether professionals in the mortgage securitization industry foresaw the housing crash. If these professionals knew that they were buying and selling toxic assets, they would betray this knowledge by their personal housing decisions. For... MORE

A Few Dangers of Heroin Prohibition

Economics of Crime
James Schneider
In a recent post, David Henderson commented on how people view the horrors of drugs: But what so few people seem to understand is that virtually all their horror stories about drugs occurred during a time when drugs were illegal....But... MORE

Paris Flirts With Banning Cars Based on License-Plate Number

Energy, Environment, Resources
James Schneider
Recently, a lack of wind and rain has inflicted unusually high smog levels on Paris. On Monday, March 17, Paris combatted the dangerously high levels of pollution by barring cars with even-numbered license plates from the roads. The intent was... MORE

Should your neighbor make healthier choices at restaurants? Market signals are one source of information. Left to their own devices, restaurants rarely provide calorie information at the point of order. Evidently, people do not want to be reminded about the... MORE

The Popularity of Silly Methods

Economic Methods
James Schneider
In Bryan's blog post Predicting the Popularity of Obvious Methods, he suggests that social scientists are more likely to pursue non-obvious methods when the obvious methods don't provide the answer that they like. In the spirit of his post, the... MORE

For-profit schools have a bad reputation. The bad apples spend a bundle on recruiting marginal students and then leave them with crushing debt and poor job prospects. Many for-profit schools generate the majority of their revenue from Title IV... MORE

Even When More Isn't Merrier, It Can Still Be Better

Energy, Environment, Resources
James Schneider
In 1966, Paul Ehrlich visited India to study butterflies. This trip provided a perfect rhetorical device to help his readers imagine the dangers of overpopulation. He was able to describe his firsthand reaction to Delhi: As we crawled through the... MORE

The Modest Problem of Children Having Children

Family Economics
James Schneider
Most people take it for granted that teen pregnancy causes poor outcomes. However, how do you untangle whether teen pregnancy causes bad economic outcomes or is merely a leading indicator? Arline T. Geronimus and Sanders Korenman approached the issue... MORE

How Will Legalizing Marijuana Impact Hard Drug Use?

Economics of Crime
James Schneider
Recently Megan McArdle discussed whether legalizing pot would reduce hard drug use. Under marijuana prohibition, the buyer must enter an illegal drug market. The seller is likely to offer harder drugs for sale. By legalizing marijuana but keeping hard drugs... MORE

Prior to 2001, I supported a much smaller government, but I wasn't particularly obsessed about government debt per se. I didn't think that government borrowing was stealing from future generations (the technology for stealing from future generations more or less... MORE

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