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Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods

November 12, 2018 Bilal 0

Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods https://ift.tt/2QAaCVm Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods NBER Working Paper No. 25231 Issued in November 2018 NBER Program(s):Labor Studies, Public Economics We estimate the longer-run effects of minimum wages, the Earned Income Tax Credit, and welfare on key economic indicators of economic self-sufficiency in disadvantaged neighborhoods. Our strongest findings are twofold. First, the longer-run effects of the EITC are to increase employment and to reduce poverty and public assistance, as long as we rely on national as well as state variation in EITC policy. Second, tighter welfare time limits also […]

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The Fed – A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession

September 19, 2018 Bilal 0

The Fed – A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession https://ift.tt/2x8cAED September 13, 2018 A Wealthless Recovery? Asset Ownership and the Uneven Recovery from the Great Recession Lisa Dettling, Joanne Hsu and Elizabeth Llanes Aggregate measures of household wealth have broadly followed the business cycle. Between 2007 and 2009, American households as a whole lost 20 percent of their wealth.1 Household wealth increased during the economic recovery from its nadir in the Great Recession, and by late 2012, aggregate household net worth surpassed its previous 2007 peak, and continued to grow through 2016. These […]

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Forget Universal Basic Income. We Need Universal Basic Mobility.

September 19, 2018 Bilal 0

Forget Universal Basic Income. We Need Universal Basic Mobility. https://ift.tt/2Q6qwH6 We should stop thinking about individual modes such as self-driving cars, scooters, e-bikes, buses, cars or trains in a vacuum, argues race driver, blogger and investor Alex Roy in his new column. As the founder of the Human Driving Association (HDA), people often make a number of assumptions about me. It’s generally presumed I’m opposed to autonomy, that mobility = privately owned vehicles, that I’m keen on futile rants on behalf of all Luddites, and that the HDA is as absolutist about steering wheels as the National Rifle Association is […]

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Finance and Econ From the Web: Night lights measure growth, why are rates so low, are bankers liberals or conservatives….

September 19, 2018 Bilal 0

I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve  missed, then flag it to me and I’ll include it in my next list.  Enjoy! North and South Korea at night , 1992 vs 2008

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How the U.S. economy turned six good jobs into bad ones

September 5, 2018 Bilal 0

How the U.S. economy turned six good jobs into bad ones https://ift.tt/2wCqGOs Sue Sweeney works on a transmission at her garage in Upper Darby, Pa., on Aug. 7. Auto repair and auto dealerships both figure high on the list of professions that are no longer a ticket to the middle class. (Dominick Reuter/AFP/Getty Images) (DOMINICK REUTER/AFP/Getty Images) Changes in the labor market have upended myriad jobs that used to pay well, dragging down wages and leaving millions of American workers feeling misled and frustrated. To illustrate this dynamic, we isolated six industries that provided an above-average weekly paycheck in the […]

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Overcoming Bias : A Coming Hypocralypse?

September 5, 2018 Bilal 0

Overcoming Bias : A Coming Hypocralypse? https://ift.tt/2Pyx1l0 Many people have been working hard for a long time to develop tech that helps to read people’s feelings. They are working on ways to read facial expressions, gazes, word choices, tones of voice, sweat, skin conductance, gait, nervous habits, and many other body features and motions. Over the coming years, we should expect this tech to consistently get cheaper and better at reading more subtler feelings of more people in more kinds of contexts more reliably. Much of this tech will be involuntary. While your permission and assistance may help such tech […]

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What Does Sweden Teach Us About Fighting Inequality?

September 4, 2018 Bilal 0

What Does Sweden Teach Us About Fighting Inequality? https://ift.tt/2LXbSyG When I first read reviews of Nima Sanandaji’s “Debunking Utopia: Exposing the Myth of Nordic Socialism” a couple of years ago, I found most of the reported claims of the book fairly uninteresting. For instance, Sanandaji claims that Nordic longevity is partially caused by healthy lifestyles not just high-quality public health care, which Sanandaji nonetheless thinks is a good idea (“I am myself in favor of the public sector providing health care.”). Characterizing this point as “debunking” seems a bit much insofar as I’ve never seen anyone argue that the presence […]

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Inequality Aversion, Populism, and the Backlash Against Globalization — by Lubos Pastor, Pietro Veronesi

September 2, 2018 Bilal 0

Inequality Aversion, Populism, and the Backlash Against Globalization — by Lubos Pastor, Pietro Veronesi https://ift.tt/2vF0fqZ Inequality Aversion, Populism, and the Backlash Against Globalization NBER Working Paper No. 24900 Issued in August 2018 NBER Program(s):Asset Pricing, International Finance and Macroeconomics, International Trade and Investment, Political Economy Motivated by the recent rise of populism in western democracies, we develop a model in which a populist backlash emerges endogenously in a growing economy. In the model, voters dislike inequality, especially the high consumption of the “elites.” Economic growth exacerbates inequality due to heterogeneity in risk aversion. In response to rising inequality, rich-country […]

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Universal Basic Incomes vs. Targeted Transfers: Anti-Poverty Programs in Developing Countries — by Rema Hanna, Benjamin A. Olken

September 2, 2018 Bilal 0

Universal Basic Incomes vs. Targeted Transfers: Anti-Poverty Programs in Developing Countries — by Rema Hanna, Benjamin A. Olken https://ift.tt/2BSv552 Universal Basic Incomes vs. Targeted Transfers: Anti-Poverty Programs in Developing Countries NBER Working Paper No. 24939 Issued in August 2018 NBER Program(s):Development Economics, Public Economics Developing country governments are increasingly implementing cash assistance programs to combat poverty and inequality. This paper examines the potential tradeoffs between targeting these transfers towards low income households versus providing universal cash transfers, also known as a Universal Basic Income. We start by discussing how the fact that most households in poor countries do not pay […]