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There were papers on the local economic impact of wind turbine manufacturing, the stability of electricity grids as they absorb more renewable energy, the effect of electric vehicles on housing choices, how wildfire smoke strains household finances. Janet Currie, the incoming president of the American Economic Association, chose an environmental economist, Michael Greenstone of the University of Chicago, to deliver the conference’s keynote lecture. He focused on the global challenge of shifting to renewable energy and the corresponding potential to alleviate air pollution that is particularly deadly in developing countries like India and Indonesia. “This isn’t just a series of topics, but it’s a big, interrelated problem,” Dr. Currie said. “Not only economists but everybody else is realizing that this is a first-order problem, and it’s affecting most people in some way.
Persons: Monika Piazzesi, Janet Currie, Michael Greenstone, Dr, Currie, Organizations: American Finance Association, American Economic Association, University of Chicago Locations: Venice, India, Indonesia
Economists from UCLA, Northwestern and Princeton universities found that pandemic trends, such as increased work flexibility, helped push up US birth rates last year to 6.2% from pre-pandemic levels, marking the first major reversal in declining fertility rates since 2007 and counteracting a longstanding economic certainty: Birth rates don’t increase during economic downturns. The baby bump was also pronounced among women aged 30 to 34 and those between the ages of 25 and 44 with a college degree. The latter group was more likely to retain their job during the pandemic and work from home. The pandemic helped to expose the critical role the child care industry serves in bolstering labor market participation. “The US has experienced declining fertility rates now for over a decade, and this has been a concern to many policymakers,” he said.
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