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Wealth and Inheritance in the Long Run. Thomas Piketty, Paris School of Economics; Gabriel Zucman, London School of Economics and UC Berkeley. April 6, 2014. “This article o ers an overview of the empirical and theoretical research on the long run evolution of wealth and inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up until World War …
DEPARTMENT OF HEALTH AND HUMAN SERVICES: Solicitations of Support for Enroll America, GAO-14-305R: Published: Mar 21, 2014. Publicly Released: Apr 21, 2014. INTERNAL REVENUE SERVICE: Absorbing Budget Cuts Has Resulted in Significant Staffing Declines and Uneven Performance, GAO-14-534R: Published: Apr 21, 2014. Publicly Released: Apr 21, 2014. PRIVATE PENSIONS: Pension Tax Incentives Update, GAO-14-334R: Published: Mar 20, 2014. Publicly Released: Apr 21, …
Barry P. Bosworth, The Brookings Institution; Kathleen Burke, Consumer Financial Protection Bureau: “This analysis uses data from the Health and Retirement Study (HRS) to examine the sources of variation in mortality for individuals of varying socio-economic status (SES). The use of the HRS allows a distinction between education and a measure of career earnings as primary determinants of socio-economic …
BLS – “Employment in large metropolitan areas – From February 2013 to February 2014, nonfarm employment rose in 33 of the 38 metropolitan areas with annual average employment levels above 750,000 in 2013, decreased in 4 areas, and was unchanged in Kansas City, Missouri-Kansas. CHART IMAGE CHART DATA In February 2014, the largest over-the-year percentage …
Aaron E. Cobet: “In late 2007, the United States fell into a “Great Recession.” According to the National Bureau of Economic Research the recession officially ended in June 2009, but it took several more years for average household income and expenditures to exceed their 2008 levels in nominal terms. The recession lowered household income and consumer expenditures …
“The labor-force participation rate for those ages 55 and older rose throughout the 1990s and into the 2000s, when it began to level off but with a small increase following the 2007–2008 economic downturn. For those ages 55–64, the upward trend was driven almost exclusively by the increased labor-force participation of women, whereas the male …
Ramirez, Steven A., The Virtues of Private Securities Litigation: An Historic and Macroeconomic Perspective (April 18, 2014). Loyola University Chicago Law Journal, Vol. 45, No. 3, 2014. Available at SSRN: http://ssrn.com/abstract=2426661 “In the wake of the Great Depression, the federal securities laws operated to mandate disclosure of material facts to investors and extend broad private remedies …
“The Basel Committee on Banking Supervision today issued frequently asked questions (FAQs) on Basel III’s liquidity coverage ratio (LCR). To promote consistent global implementation of those requirements, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary. The Committee …
Donald Kohn, Brookings – Institutions for Macroprudential Regulation: The UK and the U.S. – “The U.S. and the world economy still haven’t fully recovered from the global financial crisis that provoked the worst recession since the Great Depression. Nonetheless, a lot of effort already has gone into reducing the risk that we put the world through something …
Via Home Room – the official blog of the Dept. of Education: “Federal student loans can be a great way to help pay for college or career school. While you shouldn’t be afraid to take out federal student loans, you should be smart about it. Before you take out a loan, it’s important to understand that a loan …
Allen, Kyle D. and Griffiths, Mark D. and Hein, Scott E. and Winters, Drew B., Why Is the Effective Fed Funds Rate So Low? (April 16, 2014). Available at SSRN: http://ssrn.com/abstract=2425913 “Since December 18, 2008 when the Federal Reserve began paying 25 basis points (bps) on depository institution’s reserves, the effective federal funds rate has stayed …
Graham, John R. and Leary, Mark T. and Roberts, Michael R., How Does Government Borrowing Affect Corporate Financing and Investment? (April 16, 2014). Available at SSRN: http://ssrn.com/abstract=2425916 “Using a novel dataset of accounting and market information that spans most publicly traded nonfinancial firms over the last century, we find an economically large and robust negative relation …
