It's about time. I do think it is a good thing when economists participate in both business and policy--such things inform both teaching and research. But disclosure is important. We may all think of ourselves as forthright and objective, but we are in fact shaped by experiences (and as economists never cease to remind us, [...]
It is worth reading the whole thing; here is the conclusion: As a 1st approximation, someone in a highly scalable profession would keep roughly half their income, since they enter the game with, on average, half the population present. (See a more carefully worked out example in the appendix.) There are many possible adjustments to [...]