Category «Economy»

Explaining the Decline in the Number of Banks since the Great Recession

Federal Reserve Bank of Richmond – March 2015, No. 15-03. Explaining the Decline in the Number of Banks since the Great Recession. Roisin McCord, Edward S. Prescott and Tim Sablik. “The financial crisis of 2007–08 was a major shock to the U.S. banking sector. From 2007 through 2013, the number of independent commercial banks shrank …

Subjects: Economy, Financial System, Government Documents

New GAO Reports – Drug Discount Program, Homeland Security, James Webb Space Telescope, NASA, Unmanned Aerial Systems

Drug Discount Program: Status of GAO Recommendations to Improve 340B Drug Pricing Program Oversight, GAO-15-455T: Published: Mar 24, 2015. Publicly Released: Mar 24, 2015. Homeland Security: Action Needed to Better Assess Cost-Effectiveness of Security Enhancements at Federal Facilities, GAO-15-444: Published: Mar 24, 2015. Publicly Released: Mar 24, 2015 James Webb Space Telescope: Project Facing Increased …

Subjects: Defense, Economy, Government Documents, Health Care, Medicine, Transportation

Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives

 Federal Reserve Bank of New York Staff Report – Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives, March 2015. Stefania Albanesi, Claudia Olivetti, and María José Prados. “We document three new facts about gender differences in executive compensation. First, female executives receive a lower share of incentive pay in total compensation relative to …

Subjects: Economy, Financial System, Government Documents

EBRI Employee Tenure Trends, 1983–2014

“Employee Tenure Trends, 1983–2014″ and “Views on Employment-Based Health Benefits: Findings from the 2014 Health and Voluntary Workplace Benefits Survey.” February 2015, Vol. 36, No. 2  Employee Benefit Research Institute, 2015 The most recent U.S. Census Bureau data show that the overall median tenure of workers—the midpoint of wage and salary workers’ length of employment …

Subjects: Economy, Financial System

Brookings report on highest household incomes in 50 largest US cities

Alan Berube and Natalie Holmes – Some cities are still more unequal than others—an update [See also City Inequality 2013 Appendix] “More than five years after the end of the Great Recession, and three years since the Occupy movement took on Wall Street, high and growing levels of income inequality continue to animate debates on …

Subjects: Economy, Financial System, Government Documents, Housing

Quantifying Uncertainty and Variable Sensitivity within the U.S. Billion-Dollar Weather and Climate Disaster Cost Estimates

Smith, Adam, Quantifying Uncertainty and Variable Sensitivity within the U.S. Billion-Dollar Weather and Climate Disaster Cost Estimates (March 11, 2015). Natural Hazards, 2015, DOI: 10.1007/s11069-015-1678-x. Available for download at SSRN: http://ssrn.com/abstract=2581699 “Research examining natural disaster costs on social and economic systems is substantial. However, there are few empirical studies that seek to quantify the uncertainty …

Subjects: Climate Change, Economy, Environmental Law, Government Documents, Legal Research

Destabilizing Property

“Rosser, Ezra, Destabilizing Property (March 1, 2015). Connecticut Law Review, Forthcoming; American University, WCL Research Paper No. 2015-1. Available for download at SSRN: http://ssrn.com/abstract=2581710 “Property theory has entered into uncertain times. Conservative and progressive scholars are fiercely contesting everything it seems, from what is at the core of property to what obligations owners owe society. …

Subjects: Civil Liberties, Defense, Economy, Financial System, Housing, Legal Research

The Shrinking Middle Class, Mapped State by State

Via Pew – “The struggles of middle-class American families and growing income inequality have risen to the top of the national agenda. A new Stateline analysis shows that in all 50 states, the percentage of “middle-class” households—those making between 67 percent and 200 percent of the state’s median income—shrunk between 2000 and 2013. The change …

Subjects: Economy, Financial System, Government Documents

How Millennials today compare with their grandparents 50 years ago

Pew FactTank – The past five decades – spanning from the time when the Silent generation (today, mostly in their 70s and 80s) was entering adulthood to the adulthood of today’s Millennials – have seen large shifts in U.S. society and culture. It has been a period during which Americans, especially Millennials, have become more …

Subjects: Congress, Economy, Education, Internet, Knowledge Management