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Economics & Statistics Administration, Department of Commerce. By William Hawk, Regina Powers, Economists, and Robert Rubinovitz Deputy Chief Economist Economics and Statistics Administration Office of the Chief Economist. ESA Issue Brief #01 -15. March 12, 2015. “The growing importance of data in the economy is hard to dispute. But what does this mean for workers …
The Liquidation of Government Debt, Carmen M. Reinhart and M. Belen Sbrancia. IMF Working Paper. January 21, 2015. “High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and …
Tang, Aaron, Public Sector Unions & the First Amendment after Harris v. Quinn and Burwell v. Hobby Lobby (March 28, 2015). New York University Law Review, Forthcoming. Available for download at SSRN: http://ssrn.com/abstract=2586491 “When the Supreme Court struck down the so-called contraceptive mandate in Burwell v. Hobby Lobby Stores, it rested its ruling on the …
Carlos Carrillo-Tudela, Bart Hobijn, Patryk Perkowski, and Ludo Visschers – “Every month, millions of workers search for new jobs although they already have one. About one-tenth of these searchers switch employers in the following month. However, most of the job switchers in the United States never reported having looked for a job. This implies that, …
Jeff Bryant – “Wall Street wants to own your education destiny. To the old saying about “death and taxes,” you can now add another: debt. In fact, in contemporary America, debt is likely becoming at least as all-encompassing as the other two. An increasingly powerful force behind the debt explosion is not what you might …
Prashant Bharadwaj, Giacomo De Giorgi, David Hansen, and Christopher Neilson: “Using a large administrative data set from Chile, we find that, on average, boys perform better than girls in mathematics. In this paper, we document several features of their relative performance. First, we note that the gender gap appears to increase with age (it doubles between fourth grade and …
“Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against a nationwide debt collection operation and its chief executive officer for using deceptive threats of criminal prosecution and jail time in order to intimidate consumers into paying debts for bounced checks. The company also misled consumers into believing that they must enroll in …
By David Austin (CBO) – “Although freight transport contributes significantly to the productivity of the U.S. economy, it also involves sizable costs to society. Those costs include wear and tear on roads and bridges; delays caused by traffic congestion; injuries, fatalities, and property damage from accidents; and harmful effects from exhaust emissions. No one pays …
