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Education Pays 2013: The Benefits of Higher Education for Individuals and Society “documents the ways in which both individuals and society as a whole benefit from increased levels of education. The report examines differences in the earnings and employment patterns of U.S. adults with different levels of education. It compares health-related behaviors, reliance on public …
“In its report on the Global Employment Trends for Youth 2013 – A Generation at Risk [May 8, 2013] – the International Labour Office (ILO) examines the continuing job crisis affecting young people in many parts of the world. It provides updated statistics on global and regional youth unemployment rates and presents ILO policy recommendations to …
Trading Strategies and Market Microstructure: Evidence from a Prediction Market – David M. Rothschild, Microsoft Research – NYC; Rajiv Sethi; Barnard College, Columbia University; Santa Fe Institute. September 8, 2013 “We examine transaction-level data from Intrade’s presidential winner market for the two weeks immediately preceding the November 2012 election. The data allow us to compute …
The Sovereign Wealth Fund Discount: Evidence from Public Equity Investments by Bernardo Bortolotti (Università di Torino) and Veljko Fotak (SUNY Buffalo) and William Megginson (University of Oklahoma) “Using a sample of 1,018 Sovereign Wealth Fund (SWF) equity investments in publicly traded firms and a control sample of 5,975 transactions by private-sector financial institutions over 1980-2012, …
Asset Poverty and the Importance of Emergency Savings, by Caroline Ratcliffe, Urban Institute, October 1, 2013 “What percent of families are asset poor—lack sufficient resources to live at the poverty line for three months —and why does asset poverty matter? A third of U.S. families are liquid asset poor and these families are disproportionately minority, young, …
“Sovereign debt crises occur regularly and often violently. The recent debt crisis in Greece almost led to the collapse of the Euro. Yet there is no legally and politically recognized procedure for restructuring the debt of bankrupt sovereigns. Procedures of this type have been periodically debated— most recently, about a decade ago, when IMF management …
“Emerging markets are changing where and how the world does business. For the last three decades, they have been a source of low-cost but increasingly skilled labor. Their fast-growing cities are filled with millions of new and increasingly prosperous consumers, who provide a new growth market for global corporations at a time when much of …
U.S. Department of the Treasury: The Potential Macroeconomic Effect of Debt Ceiling Brinksmanship. October 3, 2013 “The United States has never defaulted on its obligations, and the U S. dollar and Treasury securities are at the center of the international financial system. A default would be unprecedented and has the potential to be catastrophic: credit …
ADP National Employment Report Shows 166,000 Jobs Added in September 2013 Private-sector employment increased by 166,000 from August to September, on a seasonally adjusted basis. Highlights: Small businesses (1-49 employees) +74,000 Medium businesses (50-499 employees) +28,000 Large businesses (500 or more employees) +64,000″ View this infographic
“On Oct 1, 2013, we released a report – CARD Act Report: A review of the impact of the CARD Act on the consumer credit card market – detailing how the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) reduced penalty fees and made the cost of credit cards clearer to consumers. The report found …
“This report, Insecure & Unequal: Poverty Among Women and Families 2000-2012, provides a gender analysis of national and state poverty and income data for 2012, released by the Census Bureau in September 2013. The National Women’s Law Center (NWLC) supplies this analysis, as it has for several years, because little information broken out by gender is …
The Debt Limit: History and Recent Increases – D. Andrew Austin Analyst in Economic Policy; Mindy R. Levit, Analyst in Public Finance. September 25, 2013 “The statutory debt limit applies to almost all federal debt. The limit applies to federal debt held by the public (that is, debt held outside the federal government itself) and to federal debt held by …
