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Posts by Tuomas Kosonen

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» Call for Papers: Workshop in Labor Economics: WEI IV in Uppsala on 4 – 5.9.2026 <p>The fourth Workshop in Labor Economics: Wages, Employment and Inequality (WEI IV) will be organized in Uppsala, Sweden, on September 4 – 5, 2026. The workshop has secured an outstanding lineup of s...

Still a couple of days left to submit your paper to Wages, Employment and Inequality, WEI IV, in Uppsala Sept 4-5 that I'm co-organizing with @oskarnskans.bsky.social. Deadline for papers March 30.

Keynotes: Simon Jäger and Anna Salomons

CfP: verotutkimus.fi/en/wei-2026/

@verotutkimus.fi

3 weeks ago 1 0 0 0

A reminder: consider submitting to your paper to WEI IV that will be in Uppsala, Sep. 4-5!

1 month ago 0 0 0 0

Scientific committee comprises, amongst others: @miguelalmunia.bsky.social @kristoberg.bsky.social @katarzynabilicka.bsky.social @jakobbrounstein.bsky.social
@ronbdavies.bsky.social @tuomaskosonen.bsky.social @izmartinez86.bsky.social @cmtneztt.bsky.social ...

4 months ago 2 1 1 0
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» Call for Papers: Workshop in Labor Economics: WEI IV in Uppsala on 4 – 5.9.2026 <p>The fourth Workshop in Labor Economics: Wages, Employment and Inequality (WEI IV) will be organized in Uppsala, Sweden, on September 4 – 5, 2026. The workshop has secured an outstanding lineup of s...

Call for papers -- Wages, Employment and Inequality, part IV. Uppsala Sep 4-5. Keynotes @simonjaeger.bsky.social & Anna Salomons. Also confirmed Alexander Willén and Lena Hensvik. Its the 4th time I do this with @tuomaskosonen.bsky.social, great fun every time - join us! verotutkimus.fi/en/wei-2026/

2 months ago 4 5 1 0
» Vertaisarvioitu tutkimus tarkastelee kotihoidon tuen vaikutuksia <p>Aiemmin keskustelua herättänyt tutkimus lasten kotihoidon tuen vaikutuksista on nyt vertaisarvioitu ja julkaistu arvostetussa Journal of Public Economics’ssa.</p> <p>Tulosten perusteella lasten ko...

Keskustelua herättänyt tutkimus lasten kotihoidon tuen vaikutuksista on nyt julkaistu arvostetussa Journal of Public Economics’ssa. Tulosten perusteella tuen uudelleenarviointi olisi ajankohtaista.

@vatt-tutkimus.bsky.social @tuomaskosonen.bsky.social

verotutkimus.fi/lasten-kotih...

5 months ago 5 2 1 0
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» Call for Papers: Workshop in Labor Economics: Wages, Employment and Inequality (WEI 2025) <p>The popular WEI workshop will be organised again in Helsinki, Finland on 21 – 22 August 2025 with Magne Mogstad and Stephen Machin as keynote speakers! </p> <p>Submit your paper by 30 March 2025! <...

A reminder that this is a last day to submit your research to WEI III: verotutkimus.fi/en/wei2025/
Organising with Oskar Skans @oskarnskans.bsky.social

1 year ago 2 0 0 0

Submit your "core" labor economics papers (wages, employment..) to this great workshop I co-organize for the third time - join with, e.g., Cardoso, Machin, Mogstad and Spitz-Oener for some serious Labor Economics in Helsinki in August!

1 year ago 16 7 0 0

A summary of my thinking on shared prosperity, work and AI in ten bullet points.

1 year ago 132 58 6 8
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Economics is hard. Even the basics. Exhibit #52783

1 year ago 46 5 4 5

I don't think the argument for the price system rests on full information. I think it rests on Hayek 1945, hence precisely on dispersed local knowledge --i said that before. But let's leave it here. I think we clarified quite a bit, and I hope some of our readers (if there are any!) learned a bit.

1 year ago 49 3 2 1
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» Call for Papers: Workshop in Labor Economics: Wages, Employment and Inequality (WEI 2025) <p>The popular WEI workshop will be organised again in Helsinki, Finland on 21 – 22 August 2025 with Magne Mogstad and Stephen Machin as keynote speakers! </p> <p>Submit your paper by 30 March 2025! <...


Call for Papers: Workshop in Labor Economics: Wages, Employment and Inequality

The popular WEI workshop will be organised again in Helsinki, Finland on 21 – 22 August 2025 with Magne Mogstad and Stephen Machin as keynote speakers.

Submit your paper by 30 March!

verotutkimus.fi/en/wei2025/

1 year ago 1 2 0 0
So why does this happen? As we discussed in Lesson 5, it's difficult or impossible to reverse engineer LLMs to get precise answers. 

But we can understand the general problem. For us, the statements "Ed Sheeran has a song called The Crow" and "Ed Sheeran doesn't have a song called The Crow" feel like polar opposites. 

But recall that LLMs encode strings of words in high-dimensional spaces. For the LLM, these statements are very close to one another in that high dimensional space. Both involve Ed Sheeran. Both involve a song called The Crow. What fraction of English utterances involve either, let alone both? To the LLM, whether you throw in the word "doesn't" almost is trivial. 

Principle: predictive text machines like LLMs measure the distance between statements very differently from the way people do. Claims that seem diametrically opposed to us may seem almost identical to them. As a result, they can be wildly inconsistent in their responses.

So why does this happen? As we discussed in Lesson 5, it's difficult or impossible to reverse engineer LLMs to get precise answers. But we can understand the general problem. For us, the statements "Ed Sheeran has a song called The Crow" and "Ed Sheeran doesn't have a song called The Crow" feel like polar opposites. But recall that LLMs encode strings of words in high-dimensional spaces. For the LLM, these statements are very close to one another in that high dimensional space. Both involve Ed Sheeran. Both involve a song called The Crow. What fraction of English utterances involve either, let alone both? To the LLM, whether you throw in the word "doesn't" almost is trivial. Principle: predictive text machines like LLMs measure the distance between statements very differently from the way people do. Claims that seem diametrically opposed to us may seem almost identical to them. As a result, they can be wildly inconsistent in their responses.

From a soon-to-be-released project with @jevinwest.bsky.social, here's a way to think about what is happening. (2/2)

1 year ago 221 40 10 4

Read this last year. Highly recommended. The part on behavioral Econ was particularly interesting as someone in the field.

1 year ago 31 7 0 0
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The #QJE received 1,972 new submissions during 2023:Q4 – 2024:Q3. 1,340 (68%) submissions were desk rejected and 632 were sent to referees. If sent to referees, median days to first decision = 34, mean days = 38, max days = 92. Thank you for your submissions, and to our referees!

1 year ago 49 1 1 1
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The Dollar and the Trade Deficit What will Trump do when his favorite obsession goes the wrong way?

Remember the "twin deficits"? They may be back paulkrugman.substack.com/p/the-dollar...

1 year ago 543 100 36 14
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America’s Forgotten Generation (of Prosperity) How and why the postwar boom got memory-holed

Just say no to the gilding of the Gilded Age, and remember the postwar boom paulkrugman.substack.com/p/americas-f...

1 year ago 1115 250 35 32
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This paper finds that both ice and hot days increase workplace accidents by ~7%.

Results suggest:

1. Little heterogeneity on hot days, on ice days older workers are more affected and accidents are more severe.

2. Main mechanisms are sleep problems on hot days, slipping on ice days.

1 year ago 7 2 0 0
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1 year ago 6 2 0 0
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A horizontal bar chart titled "Foreign aid given per capita in 2023" shows net official development assistance (ODA) divided by population for various countries. The chart depicts the following countries and their corresponding aid amounts in U.S. dollars:

- Norway: $1,160 (the longest bar, highlighted in green)
- Sweden: $515
- Netherlands: $370
- UK: $255
- France: $225
- US: $190
- Japan: $155
- Australia: $122
- Spain: $69
- Israel: $41 

A note indicates that Norway is the only country giving over $1,000 per capita in foreign aid. The data source is from the OECD, dated 2024, and the image has a copyright notice stating "CC BY."

A horizontal bar chart titled "Foreign aid given per capita in 2023" shows net official development assistance (ODA) divided by population for various countries. The chart depicts the following countries and their corresponding aid amounts in U.S. dollars: - Norway: $1,160 (the longest bar, highlighted in green) - Sweden: $515 - Netherlands: $370 - UK: $255 - France: $225 - US: $190 - Japan: $155 - Australia: $122 - Spain: $69 - Israel: $41 A note indicates that Norway is the only country giving over $1,000 per capita in foreign aid. The data source is from the OECD, dated 2024, and the image has a copyright notice stating "CC BY."

Norway gives more foreign aid per capita than any other OECD country

1 year ago 165 44 9 10
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A rare miss by Jim Hines, nobody can predictably beat the market, even I.

@iipf.bsky.social

1 year ago 13 2 0 0
Kuvassa on neljä erotukset-eroissa kuvaajaa. Piste-estimaatit ovat lähellä vertailuvuoden erotusta vuosina 2008-2010. Estimaatit pomppaavat epäjatkuvasti ylemmäs vuonna 2011 ja jäävät korkeammalle tasolle.

Kuvassa on neljä erotukset-eroissa kuvaajaa. Piste-estimaatit ovat lähellä vertailuvuoden erotusta vuosina 2008-2010. Estimaatit pomppaavat epäjatkuvasti ylemmäs vuonna 2011 ja jäävät korkeammalle tasolle.

Tuore tutkimuksemme osoittaa, että verovelvollisuuden siirtäminen ostajalle (käännetty alv) hillitsee harmaata taloutta rakennusalalla. Laki astui voimaan 2011, ja sen nettovaikutus verottajalle ilmoitettuun arvonlisään on keskimäärin 5%.

www.doria.fi/handle/10024...

@vatt-tutkimus.bsky.social

1 year ago 6 3 0 0

Dear friends and followers, I'm sharing here the Nobel prize acceptance speech I gave on behalf of Simon Johnson, James Robinson and myself. Thank you everybody.

1 year ago 372 62 10 9
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Perinteikäs brittilehti nostaa Tampereen Sveitsin Alppien ja Japanin rinnalle matkakohteena Tampere on lehden mukaan yksi maailman parhaista joulun ihmemaista.

yle.fi/a/74-20132166

1 year ago 1 0 0 0

Kuva Juhan blogista!

1 year ago 10 7 0 0
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How Paul Krugman changed the public face of economics He's a great economist, but he also changed how we talk about the subject.

Very nice post by Noah Smith about my favorite subject: Me! www.noahpinion.blog/p/how-paul-k...

1 year ago 973 93 32 11
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Vuoden 2018 alkoholilain uudistuksen vaikutuksista

Tutkimuksemme 2018 alkoholilain uudistuksesta: aiempaa vahvempien alkoholituotteiden myynti PT-kaupassa jopa viisinkertaistui suhteessa myynteihin Alkossa aiemmin. Silti alkoholin kokonaiskulutus ei noussut.
@verotutkimusfit.bsky.social
www.doria.fi/handle/10024/190563

1 year ago 9 7 0 0
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Tutkimus: Vuoden 2018 alkoholilaki siirsi myyntiä Alkosta kauppoihin – kulutus ei lisääntynyt

@samijysma.bsky.social, @tuomaskosonen.bsky.social, Arnaldur Stefánsson, Lukas Worku

@labore.fi, VATT, FIT Tampereen yliopisto, Islannin yliopisto

Lue lisää 👉 labore.fi/julkaisu/tut...

1 year ago 13 6 1 0
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