Bringing winners and losers into the classroom

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Notes

1. See Jones and Klenow (2016) Schmidt, Timmerman, and Wermers (2016) and Serrato and Zidar (2016).

2. For more on Okun's legacy and how conversations have changed, see the excellent 2015 panel at the Brookings Institution, featuring Heather Boushey, Melissa Kearney, Greg Mankiw, David Wessel, and Justin Wolfers (a transcript and video are available at https://www.brookings.edu/events/40-years-later-the-relevance-of-okuns-equality-and-efficiency-the-big-tradeoff/).

3. Wight (2017) provides examples of sources for case studies in which students must weigh tradeoffs, including Fels and Buckles (1981).