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Saving for Retirement with Job Loss Risk by Borys Grochulski and Yuzhe Zhang. Federal Reserve Bank of Richmond, Economic Quarterly, Vol. 99, No. 1, First Quarter 2013, Pages 45-81. “This article studies a tractable theoretical model of optimal consumption and saving decisions with endogenous retirement. Particular attention is paid to the impact of an increase in the risk of …
The Atlantic – A record year for stocks. A meh year for wages. A weird year for Wall Street, by Matthew O’Brien “Maybe it’s just me, but the last few years are getting tough to tell apart. Imagine a quiz question: Name that year where we threw obstacles in the recovery’s way, but kept growing slowly; where Europe avoided both …
“Consumers are conducting more and more of their daily business online and through their mobile devices. They use the Internet and their smart phones and tablets to make purchases, research medical conditions, plan vacations, interact with friends and relatives, do their jobs, map travel routes, and otherwise pursue their interests. With these activities, consumers are …
Suggestion – put this blog on your reading list – Stirling Behavioural Science Blog and start with this posting – The 15 Best Behavioural Science Graphs of 2010-13
News release: ” Regional and state unemployment rates were generally lower in November. Forty-five states and the District of Columbia had unemployment rate decreases from October and five states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-two states had unemployment rate decreases from a year earlier, seven states and the District of Columbia had increases, and …
Overview of projections to 2022 – Employment Projections staff. The Monthly Labor Review presents the release of the Bureau of Labor Statistics biennial labor force, output, and employment projections for the 2012–2022 period. Labor force projections to 2022: the labor force participation rate continues to fall, December 2013 The U.S. economy to 2022: settling into a new …
“In coming decades, the aging of the population, rising health care costs, and the expansion of federal subsidies for health insurance will put increasing pressure on the federal budget. At the same time, by 2020, if current laws generally remained in place, federal spending apart from that for Social Security and major health care programs …
Center for Economic and Policy Research – Getting Back to Full Employment by Jared Bernstein and Dean Baker, “is a follow-up to a book written a decade ago by the authors, The Benefits of Full Employment (Economic Policy Institute, 2003). It builds on the evidence presented in that book, showing that real wage growth for workers in the bottom …
“Three federal financial institution regulatory agencies today issued a FAQ (Frequently Asked Questions) document to provide clarification and guidance to banking entities regarding investments in “Covered Funds” and whether collateralized debt obligations backed by trust preferred securities (TruPS CDOs) could be determined to be Covered Funds under the final rules to implement section 619 of …
“Insured U.S. commercial banks and savings institutions reported trading revenue of $4.5 billion in the third quarter of 2013, down $2.8 billion, or 38 percent, from $7.3 billion in the second quarter. Trading revenue in the third quarter was $0.8 billion, or 15 percent, lower than in the third quarter of 2012, the Office of …
“Human activities around the world are producing increasingly large quantities of greenhouse gases (GHGs), the most abundant of which is carbon dioxide (CO2). In recent years, concerns about the effects those emissions might have on the climate have prompted the Congress, federal regulators, and others to consider policies to reduce them. This CBO report examines …
Federal Investment, December 19, 2013 “The federal government pays for a wide range of goods and services that are expected to be useful some years in the future. Those purchases, called investment, fall into three categories: physical capital, research and development (R&D), and education and training. There are several economic rationales for federal investment. It …
