tag:blogger.com,1999:blog-7539577136486286096.post713394510966375073..comments2024-03-28T02:46:41.090-05:00Comments on Supply and Demand (in that order): Summer: Is it Demand or Supply?Casey B. Mulliganhttp://www.blogger.com/profile/03317454408275318282noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7539577136486286096.post-55457692540417794582010-08-14T08:50:44.702-05:002010-08-14T08:50:44.702-05:00There is something wrong with your chart. Septembe...There is something wrong with your chart. September and October are <b>always</b> below the zero deviation trend line (August is flat) for the 2003-2009 period.<br /><br />Now the way I would frame the issue is that supply is the increase in the teen labor force and demand is the increase in the employment level from the September-April baseline. The <i>storming teen surge</i> commences in May and peaks in July. The average increase in surge supply is ~27% and the average increase in surge demand is approximately the same.<br /><br />As <a href="http://www.marginalrevolution.com/marginalrevolution/2010/08/the-mulligan-and-mankiw-challenge-to-extreme-keynesians.html" rel="nofollow">Cowen</a> would say both blades of the scissor are shifting and the shifts seems fairly equal to me.marmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-7539577136486286096.post-3769756014485543822010-08-13T00:21:57.962-05:002010-08-13T00:21:57.962-05:00You might be interested in some of the posts at th...You might be interested in some of the posts at the <a href="http://politicalcalculations.blogspot.com/2010/08/teens-vs-geezers-in-us-job-market.html" rel="nofollow">Political Calculations</a> blog. There was a series of "<a href="http://politicalcalculations.blogspot.com/search?q=%22the+economic+detective%22" rel="nofollow">Economic Detective</a>" posts on minimum wage increases and the reduction in teen employment.TGGPhttps://www.blogger.com/profile/11017651009634767649noreply@blogger.com