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Category Archives: Economy

Medicare Part D: A First Look At Prescription Drug Plans in 2017

Kaiser Family Foundation – “Current enrollees in stand-alone Medicare Part D plans are projected to face an average 9 percent increase in premiums if they remain in their current plan for 2017, according to an analysis released today by the Kaiser Family Foundation. During Medicare’s 2017 open enrollment period, which runs from Oct. 15 through… Continue Reading

Pew – The State of American Jobs

“Tectonic changes are reshaping U.S. workplaces as the economy moves deeper into the knowledge-focused age. These changes are affecting the very nature of jobs by rewarding social, communications and analytical skills. They are prodding many workers to think about lifetime commitments to retraining and upgrading their skills. And they may be prompting a society-wide reckoning… Continue Reading

Paper – The Returns to Knowledge Hierarchies

The Returns to Knowledge Hierarchies [subscription req’d] Journal of Law, Economics, and Organization”> J Law Econ Organ(2016) doi:10.1093/jleo/eww008 “Hierarchies allow individuals to leverage their knowledge through others’ time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. This article analyzes the earnings and organization of US lawyers and uses an… Continue Reading

Paper – Earnings Inequality and Coordination Costs: Evidence from U.S. Law Firms

Earnings Inequality and Coordination Costs: Evidence from U.S. Law Firms – Thomas Hubbard, professor of strategy at the Kellogg School and Professor Luis Garicano of the London School of Economics. February 2016. “Earnings inequality has increased substantially since the 1970s. Using evidence from confidential Census data on U.S. law offices on lawyers’ organization and earnings,… Continue Reading

NY Fed releases Economic Research Tracker App

“The Economic Research Tracker is designed to increase the visibility and accessibility of the Bank’s research. Aggregating posts from the Liberty Street Economics blog, this app features the insights and analysis of New York Fed economists in an easy-to-use interface that can be customized according to a user’s preferences. Users can search the full catalog… Continue Reading

Rutgers library announces new incentive to reduce textbook costs

This video report highlights the consistently increasing costs of text books in both print and e-format and the struggles of many students to to fund their purchase. Continue Reading

IMF World Economic Outlook October 2016

IMF World Economic Outlook (WEO), October 2016: Subdued Demand: Symptoms and Remedies “Global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April, reflects a more subdued outlook for advanced economies following the… Continue Reading

GAO – Information on Federal Agencies’ Expenditures and Coordination Related to Harmful Algae

Environmental Protection: Information on Federal Agencies’ Expenditures and Coordination Related to Harmful Algae, GAO-17-119: Published: Oct 14, 2016. Publicly Released: Oct 14, 2016. “Harmful overgrowths of algae—called algal blooms—are a problem in all 50 states. These blooms can hurt aquatic plants and animals by producing toxins, consuming oxygen, and limiting light penetration in the water.… Continue Reading

Monthly Budget Review for September 2016

CBO – “The federal government ran a budget deficit of $588 billion in fiscal year 2016, the Congressional Budget Office estimates—$149 billion greater than the shortfall recorded in fiscal year 2015. The 2016 deficit equaled an estimated 3.2 percent of gross domestic product (GDP), up from 2.5 percent of GDP in 2015. The increase in… Continue Reading

CBO – How Preferential Trade Agreements Affect the U.S. Economy

“Preferential trade agreements (PTAs) are treaties that remove barriers to trade and set rules for international commerce between two countries or among a small group of countries. PTAs directly affect a country’s economy by altering its flows of trade and investment. Primarily through trade, PTAs indirectly affect other aspects of a country’s economy—such as productivity,… Continue Reading

Data Driven Journalism – Fragile Cities: Plotting lesser known urban stories

Data Drive Journalism: “London, Paris, Madrid, New York…there are a numerous “global cities” that mesmerize us with their power and opportunity. But what about the lesser known cities? That can’t boast such potential? What do we know about them? To scope out which cities are forging ahead, and identify those that are falling behind, the… Continue Reading

24/7 Wall St. 20 Nations With the Most Children Living in Extreme Poverty

“Extreme poverty remains a worldwide social and economic scourge. According to a report from the World Bank and UNICEF, 767 million people around the world live on less than $1.90 per day — a grossly inadequate sum of money to meet basic survival needs in most countries. Approximately half of the world’s extremely poor are… Continue Reading