Chasing wealth and income, present and past, onshore and offshore.
https://gabriel-zucman.eu
https://www.taxobservatory.eu
Gabriel Zucman is a French economist who is currently a chaired professor at the Paris School of Economics, a summer research professor of public policy and economics at the University of California, Berkeley's Goldman School of Public Policy, and the director of the EU Tax Observatory in Paris. .. more
Reposted by Gabriel Zucman
Et de ma fille de 11 ans.
Rien a foutre.
ILO, which along with WIL has the most comprehensive treatment of hours worked, has a 13% gap between US and EU27 (and virtually 0 with core EU)
ilostat.ilo.org/topics/labou...
Reposted by Justin H. Kirkland
The key priority should be to invest massively in education, universities, research, public infrastructure, and energy transition
The key to its future productivity and prosperity
/end
Reposted by Philippe Quirion
The EU can be proud of its development model, and the Trumpists (and European conservatives that echo them) should keep it down a bit
Because neither ILO, OECD, WIL, etc. subtract the depreciation of natural capital
The US produces $81 of gross output per hour, but at a particularly high cost for the planet
The EU27 produces $71 of gross output per hour, but with dramatically less carbon emissions
More importantly, all of these numbers over-estimate the productivity gap between US and EU27:
There is in fact a good case to be made that EU27 is more productive
WIL focuses on net output (GDP minus capital depreciation)
This is more meaningful: producing assets that depreciate fast is not particularly productive
Reposted by Kai Gehring
prod.wid.world/www-site/upl...
For instance, in the ILO statistics, GDP per hour worked is $81.8 in the US, $83 in Western Europe, and $71.1 in the EU27
ilostat.ilo.org/topics/labou...
In that bigger economy, productivity is slightly lower than in the US, because of relatively low productivity in Eastern Europe
Reposted by Cas Mudde, Kai Gehring, Stijn Smismans
No matter how you look at it, it is a clearly superior economic performance
Reposted by Aaron Sojourner
But none of this fundamentally changes the basic fact that “core EU” is about as productive as the US
Reposted by Iikka Korhonen, Kai Gehring
The key fact is that productivity in this core EU is essentially the same as in the US:
€60 per hour (corrected for price differences) using the most recent WID.world data
prod.wid.world/www-site/upl...
These productivity numbers have their limits, that I’ll get back to
But let’s look first at the 6 “core” EU countries: Germany, France, Italy, Spain, Netherlands, Belgium
Reposted by Kai Gehring
US GDP per capita is 35%-40% higher than in the EU
But that gap is overwhelmingly due to the fact that people work fewer hours in the EU – not that Europeans are less productive
Reposted by Iikka Korhonen, Kai Gehring, Simon Lester
This corresponds to an annual growth rate of 1.6% in the US vs. 1.5% in the EU.
The US has been doing better post-Covid, but over the medium run no big divergence
Reposted by Michael Rosholm, Patrick Heller
Yesterday, the US ambassador to the EU compared Europe’s GDP per capita to that of Mississippi
This makes little sense, because it ignores the higher cost of living in the US
Reposted by Dani Rodrik, Harry Garretsen, Steve Peers , and 18 more Dani Rodrik, Harry Garretsen, Steve Peers, Philip N. Cohen, Justin H. Kirkland, Paul Lehmann, Dominik Wiedenhofer, Jonathan Hopkin, Samuel Bentolila, Jean Bonnet, Tom Griffin, Jaap H. Abbring, Ben Crum, Tore Ellingsen, Birthe Larsen, Wolfgang Huber, Federica Genovese, Katja Rietzler, Nicolai von Ondarza, Dan Immergluck, Jeroen Van Bouwel
This view is wrong
A little primer on the measurement of productivity – and why reports of the economic death of Europe are greatly exaggerated🧵
La tournée de conférences publiques se poursuivra en 2026 dans toute la France -- à très bientôt !