Economic Advisor @PhiladelphiaFed | Applied Research on Labor, Public, and Urban Economics | Views = my own | RTs are not endorsements
Joined November 2020
- Tweets294
- Following1K
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Adam Scavette retweeted
When will the workforce begin to feel the full effects of AI? Jon welcomes MIT economists @davidautor and @DAcemogluMIT to discuss what the technology will do to work, learning, and our collective economic future. New pod out tomorrow! #theweeklyshow #jonstewart #politics
Adam Scavette retweeted
Patiently waiting for this Swedish paper on AI disemployment effects to hit the timeline
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Adam Scavette retweeted
I hope @GovSherrillNJ drops Stay NJ, the up to $6.5K property tax break for seniors with incomes of up to $500K. We can't afford it and it would be better to invest in the future growth of NJ (e.g., in our kids and in our innovative capacity)
Adam Scavette retweeted
There is substantial interest in which categories of workers may be affected (positively or negatively) by AI. 1/
In an article published this morning, the Wall Street Journal @WSJ mentioned findings from a recent report I wrote with Danielle Jenkins and Lei Ding on occupational exposure to generative AI. wsj.com/economy/jobs/white-c…
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Read our report here: philadelphiafed.org/communit…
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Adam Scavette retweeted
this paper (link below) uses ADP payroll processing data to document 5 key facts on the effects of AI on the labor market:
1. There have been substantial declines in employment for early-career workers (ages 22-25) in occupations most exposed to AI, such as software developers and cus-tomer service representatives.
Adam Scavette retweeted
RIP Charlie Plosser, former @PhiladelphiaFed President 2006-2015 during Great Recession. Lucas-Prescott-Sargent student. Work on RBCs. King and Plosser (1988) started production networks in macro, now popular. JME coeditor, SOMC member, @HooverInst Visiting Fellow. Great golfer!
Adam Scavette retweeted
BLS's first-release estimates of nonfarm payroll employment have gotten more, not less, accurate over time.
Adam Scavette retweeted
🚨 New publication! 🚨
TL;DR: I find no association between neighborhood exposure to social mobility and perceived social mobility, suggesting individuals do not derive their beliefs about this kind of perceptions from local environments, but the debate is not settled. #ECOLET
Adam Scavette retweeted
🚨New paper!🚨In “VancUber: The Long‑Run Effect of Ride‑hailing on Public Transportation, Congestion, and Traffic Fatalities” (forthcoming @CanJEcon), @MarketPowerYT, John Cairncross, and I use Vancouver’s ban on Uber/Lyft until 2020 to ask “what if ride‑hailing never came?”
Adam Scavette retweeted
Excited to share this mixed methods research on upward mobility for Philadelphians.
Many people who are trying to move up the economic ladder are prioritizing economic stability before they consider upward mobility.
Read more about the Survey of Economic Mobility:
New research seeks to assess Philadelphians’ experiences related to income, work, expenses, and life satisfaction. The study blends results from the Philadelphia Fed’s Survey of Economic Mobility with findings from focus groups conducted in spring 2024. bit.ly/42DeFHV
ALT Cover image for a report titled 'Understanding Economic Stability and Economic Mobility in Philadelphia' by the Federal Reserve Bank of Philadelphia, featuring a scenic street view with people and a prominent street clock.
Adam Scavette retweeted
When ascertaining whether we are in a #recession, there is a tension between timeliness and accuracy. A new recession indicator developed by John O'Trakoun at the Richmond Fed and @AdamScavette at the @PhiladelphiaFed addresses both aspects of forecasting. bit.ly/42AfLTO
Adam Scavette retweeted
Last April, @NatashaRSarin @dannyyagan and I launched @The_Budget_Lab. We were excited about our team and what we were planning to produce - but absolutely could not have predicted this wild year 1/
Adam Scavette retweeted
A new indicator developed by John O'Trakoun of the Richmond Fed and @AdamScavette of the @philadelphiafed might be able to signal recessions faster and more accurately than the Sahm rule. bit.ly/4hMsjNZ
Adam Scavette retweeted
Examining prior CA wildfires in their working paper, @UCLAanderson's Stuart Gabriel, @philadelphiafed's @an_xan & @DallasFed's @NitzanTzur_Ilan suggest that residents exposed to wildfire smoke face heightened health & financial risk. anderson-review.ucla.edu/la-… @AndersonReview
My new paper with John O’Trakoun introduces the SOS recession indicator
We build SOS with the weekly insured u-rate and Sahm (2019) method
SOS offers higher freq, no false positives, earlier signal, and⬇️sampling bias than orig @Claudia_Sahm rule
Link: rb.gy/ecx4yf
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