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Category Archives: Financial System

Job Polarization and Labor Market Outcomes for Older, Middle-Skilled Workers

Rutledge, Matthew S. and Guan, Qi, Job Polarization and Labor Market Outcomes for Older, Middle-Skilled Workers (September 1, 2015). Center for Retirement Research at Boston College Working Paper No. 2015-23. Available for download at SSRN: “Numerous studies have found that even as employment growth in high- and low-skill occupations has been robust, employment inContinue Reading

Corruption, Pollution, Inequality Are Top Concerns in China

“China’s economic growth rate may be slowing, but the Chinese public overwhelmingly recognizes the economic progress their country has made over time. Most say they are better off financially than they were five years ago, and with near unanimity they believe they enjoy a higher standard of living than their parents did. However, they alsoContinue Reading

Healthcare costs unsustainable in advanced economies without reform

OECD: “Healthcare costs are rising so fast in advanced economies that they will become unaffordable by mid-century without reforms, according to a new OECD report. Fiscal Sustainability of Health Systems: Bridging Health and Finance Perspectives finds that going over budget on health spending remains endemic in most OECD countries. Maintaining today’s healthcare, and funding futureContinue Reading

24/7 Wall St – Richest and Poorest School Districts

“Many factors determine the quality of education in a particular state, including federal, state, and local funding levels, the curriculum, and teacher and staff quality. A district’s wealth, however, is often a very good indicator of how well the area’s students are likely to perform. In San Perlita, Texas, the poorest school district in theContinue Reading

Administrative data collection by nations poses privacy concerns for public and researchers

Nature – Researchers wrestle with a privacy problem – The data contained in tax returns, health and welfare records could be a gold mine for scientists — but only if they can protect people’s identities. “…In the past few years, administrative data have been used to investigate issues ranging from the side effects of vaccinesContinue Reading

Projecting Trends in Severely Cost-Burdened Renters: 2015–2025

“The number of households spending more than 50 percent of their income on rent is expected to rise at least 11 percent from 11.8 million to 13.1 million by 2025, according to new research by Harvard University’s Joint Center for Housing Studies (JCHS) and Enterprise Community Partners Inc (Enterprise). Released [September 21, 2015], Projecting TrendsContinue Reading

2013 Business Dynamics Statistics

“The Business Dynamics Statistics provide annual statistics on establishments, firm startups, and job creation and job loss from 1976 to 2013 by firm size, age, industrial sector, state and metropolitan statistical area. These statistics are part of the U.S. Census Bureau’s effort to enhance understanding of entrepreneurship and innovation in the U.S. and are crucialContinue Reading

New research from Google: The underground market fueling for-profit abuse

Framing Dependencies Introduced by Underground Commoditization, September 2015 – via the Workshop on the Economics of Information Security 2015. “Internet crime has become increasingly dependent on the underground economy: a loose federation of specialists selling capabilities, services, and resources explicitly tailored to the abuse ecosystem. Through these emerging markets, modern criminal entrepreneurs piece together dozensContinue Reading

Business in the United States: Who Owns it and How Much Tax They Pay

Business in the United States: Who Owns it and How Much Tax They Pay, September 20, 2015 “Pass-through” businesses like partnerships and S-corporations now generate over half of U.S. business income and account for over half of the post-1980 rise in the top- 1% income share. We use administrative tax data from 2011 to identifyContinue Reading

New on LLRX – Vermont’s Legislature is Considering Support for Blockchain Technology and Smart Contracts

Via – Vermont’s Legislature is Considering Support for Blockchain Technology and Smart Contracts:  Bitcoin is a significant disruptive technology with a growing impact on the financial sector and legal sectors, around the world. Alan Rothman expertly educates us on new legislation from Vermont that is intended to move the state towards using blockchain technologyContinue Reading

Walking the Walk: Inside Ownership and Selective Hedging

Jankensgård, Håkan, Walking the Walk: Inside Ownership and Selective Hedging (September 16, 2015). Available for download at SSRN: “Firms’ derivative portfolios are largely unpredictable, in the sense that the previous year’s portfolio is a poor predictor of the current one. This unpredictability partly reflects a common corporate practice known as ‘selective hedging’, i.e. adjustingContinue Reading

Summary of State and Local Government Tax Revenues: Second Quarter 2015

Census: “The summary provides quarterly estimates of state and local government tax revenue at a national level, as well as detailed tax revenue data for individual states. This report produces three tables: Tables 1 and 2 include income and sales data, and Table 3 provides tax collections by state.”