Assorted Links Sunday
The worker's job market, modeling probability, unemployment insurance fraud has exploded, comparing tax systems around the world, and more.
Why it matters: The unemployment rate remains stubbornly high. At the same time, the Great Resignation has companies across the country trying desperately to hold on to staff as employees act on pent-up demand for job changes.
The pandemic also led some people to relocate, and to rethink their careers and what they want out of life — contributing to a mismatch of available jobs to available workers.
The result? Chaos.
I really don't know anything about markov chains, but I found this Twitter thread about using them to model probabilities absolutely fascinating:
1/
— 10-K Diver (@10kdiver) April 17, 2021
Get a cup of coffee.
In this thread, I'll help you understand Markov Chains.
In life, and in investing, we often come across situations where luck/chance plays a major role.
And Markov Chains are often a great way to model and analyze such situations. pic.twitter.com/BGH4jywHvH
How unemployment insurance fraud exploded: During the Pandemic Bots filing bogus applications in bulk, teams of fraudsters in foreign countries making phony claims, online forums peddling how-to advice on identity theft: Inside the infrastructure of perhaps the largest fraud wave in history.
Tax-to-GDP ratio: comparing tax systems around the world:
Econ Dev Show Newsletter
Join the newsletter to receive the latest updates in your inbox.
