www.tipnews.info
August 01, 2015
Terence Cheng
Terence Cheng
Senior Lecturer, School of Economics, University of Adelaide
Economists have attempted to understand the determinants of healthcare use and expenditure for a long time (Grossman 1972), and a fundamental question has been about the nature of healthcare as an economic good. The expectation that healthcare use would increase disproportionately as income increases (the ‘luxury good hypothesis’) has dominated ...
Rosario Crin
Rosario Crinò
Assistant Professor of Economics, CEMFI and CEPR Research Affiliate
The production of high-quality goods influences key aspects of countries’ economic performance, including growth and development (e.g. Aghion and Howitt 2005, Gancia and Zilibotti 2005), export success (Verhoogen 2008), and employment and wages (Khandelwal 2010). However, not all countries are able to manufacture high-quality products. Product quality varies markedly both acros...
Stefano DellaVigna
Stefano DellaVigna
Professor of Economics at UC Berkeley
Should we believe the American Academy of Pediatrics (2001) when it tells us that television exposure impairs educational achievement? Does violence in the media trigger arousal and violent crime, as Anderson et al. (2003) suggest? Can media content affect deep-seated decisions like fertility choices? Is there consistent evidence of imitation of...
Tito Boeri
Tito Boeri
Professor of Economics at Bocconi University, Milan; Scientific Director of the Fondazione Rodolfo Debenedetti and the founder of LaVoce. CEPR Research Fellow
Structural reforms of labour markets are almost universally advocated by international institutions. They are included as key conditions for delivering financial assistance under formal rescue programmes, and the nth Greek agenda of reforms is no exception in this respect. They are also strongly recommended to countries under the supervision of the EU macroeconomic imbalance pr...
FactCheck.org
FactCheck.org
A Project of the Annenberg Public Policy Center of the University of Pennsylvania.
Donald Trump distorts the facts in a recent op-ed in which he says Sen. John McCain has “abandoned our veterans” and “failed the state of Arizona and the country.” Trump says McCain authored legislation “to cover up the VA scandal,” claiming the bill “made sure no one has been punished” at the Department of Veterans Affairs for falsifying data to mask long delays fo...
Charles Courtemanche
Charles Courtemanche
Assistant Professor of Economics in the Andrew Young School of Policy Studies, Georgia State University
The incidence of adult obesity in the US has increased to epidemic proportions over the past 50 years, reaching 35% in 2012 (Ogden et al. 2014). Obesity, defined as having a body mass index (weight in kilograms divided by height in squared meters) of 30 or greater is associated with chronic conditions such as heart disease, diabetes, and stroke (Sturm 2002). The estimated annua...
Elisabeth Bublitz
Elisabeth Bublitz
Senior researcher, Hamburg Institute of International Economics
Along everyone’s career path, the question surfaces at least once of what would happen if one were to switch jobs. But how can one achieve good job matches along a career path? In light of increasing job volatility and regular organisational changes, there is a constant interest in transferable skills because they improve workers’ employability. However, what are these transfer...
Sebastian Galiani
Sebastian Galiani
Professor of Economics, University of Maryland
Some 2,300 years ago, Aristotle posited that the pursuit of happiness and the avoidance of pain “…is a first principle; for it is for the sake of this that we do all that we do”. In other words, happiness is what we value and everything else, including health and material wellbeing, is valued only to the extent that it makes us happy and help...
Wyplosz Charles
Wyplosz Charles
Professor of International Economics at the Graduate Institute, Geneva; Director of the International Centre for Money and Banking Studies.
In strategic games, threat points determine the outcome. In the negotiations between Greece and its creditors, the threat point was always Grexit. The Greeks could walk out, leaving a hefty bill behind. The creditors could cut the flow of cash. But, of course, threat points must be credible, and the Greeks were not ready for Grexit. No drachm...
FactCheck.org
FactCheck.org
A Project of the Annenberg Public Policy Center of the University of Pennsylvania.
Hillary Clinton has continued to twist Jeb Bush’s words, suggesting that he thinks “the nurse who stands on her feet all day or the trucker who drives all night” needs to “work longer hours.” Bush did say “people need to work longer hours,” but he has since said he was talking about part-time workers who want full-time hours. We don’t know what Bush had in mind when he first...
Nathaniel Hilger
Nathaniel Hilger
Assistant Professor of Economics, Brown University
Intergenerational mobility is an important social objective for many individuals and policymakers, and may affect public attitudes toward other social objectives such as equality and growth (Piketty 1995, Benabou and Ok 2001, Corak 2013). However, surprisingly little is known about intergenerational mobility variation over time, space and groups. The main empirical problem is t...
Economy
Daniel S. Hamermesh
Daniel S. Hamermesh
Professor of Economics, Royal Holloway University of London
Anyone who has had children can attest that the arrival of a child is the most important life change they ever experienced. Children take up parents’ time and money. The sizes of these impacts have been documented by economists and other researchers for many years and across different countries (Guryan et al. 2008). Children generate stress for their parents due to concerns abo...
Thorsten Beck
Thorsten Beck
Professor of Economics and Chairman of the European Banking Center at Tilburg University
Alexis Tsipras and his Eurozone creditors looked over the cliff and into the abyss and did not like what they saw. Taking a step back, they agreed – in principle – on yet another (third) bailout package for Greece. With details still to be determined and only if ultimately agreed on, this programme will provide sufficient funding for Greece to repay outstanding debts to the ...
Wyplosz Charles
Wyplosz Charles
Professor of International Economics at the Graduate Institute, Geneva; Director of the International Centre for Money and Banking Studies.
The Summit of 12 July faced the risk of making two mistakes: inadvertently pushing Greece out of the Eurozone, and agreeing on a mistaken strategy. It achieved the amazing feat of making both mistakes and radically altering the monetary union. The reason why the Heads of States and Governments were meeting once again was that the previous programmes had failed. Of course, Gr...
Mariacristina De Nardi
Mariacristina De Nardi
Professor, University College London; senior economist in the research department, Federal Reserve Bank of Chicago; and research fellow, IFS
Introduction and some basic facts about wealth inequality Thomas Piketty’s Capital in the 21st Century renewed interest in wealth inequality, the forces generating it, and the extent to which policy interventions can affect it. But what do we know about the determinants of the observed high wealth concentration and the saving behaviour generating it? The a...
FactCheck.org
FactCheck.org
A Project of the Annenberg Public Policy Center of the University of Pennsylvania.
Under the Affordable Care Act, millions of the uninsured have gained Medicaid coverage. But is Medicaid good for their health, bad for their health, or does it make no difference from being uninsured? All three claims found a political champion recently, and all refer to the same study for support. According to Republican presidential candidate Rick Perry, the health outcome...
Olivier Blanchard
Olivier Blanchard
Chief economist, IMF, on leave from MIT
All eyes are on Greece, as the parties involved continue to strive for a lasting deal, spurring vigorous debate and some sharp criticisms, including of the IMF. In this context, I thought some reflections on the main critiques could help clarify some key points of contention as well as shine a light on a possible way forward. The main critiques As I see them, the ...
Giacomo Calzolari
Giacomo Calzolari
Professor of Economics at Bologna University and Research Affiliate at CEPR London
Giorgio Barba Navaretti
Giorgio Barba Navaretti
Professor of Economics at the University of Milan, Director of the Graduate School in Social, Economic and Political Sciences of the University of Milan and Scientific Director of the Centro Studi Luca d’Agliano
Alberto Franco Pozzolo
Alberto Franco Pozzolo
Professor of Economics at the University of Molise
The debate on capital requirements and loss absorption measures for large banks is to a large extent about something quite specific – the presumed trade-off between hedging systemic risk and expanding lending to the real economy. The first issue of European Economy - Banks, Regulation and the Real Sector  – a new online journal to encourage informed and fair exchanges ...
Simon J Evenett
Simon J Evenett
Member of the Warwick Commission on the Future of the Multilateral Trading System after Doha. Co-Director of the CEPR Programme in International Trade and Regional Economics.
This week the leaders of the BRICS nations and their trade ministers meet for their annual summit in Ufa, Russia. In 2014 as far as commerce was concerned, they focused on promoting commercial ties, establishing a New Development Bank, advocating steps at the World Trade Organization (WTO) and cautioning that mega-regional free trade deals, such as the Trans-Pacific Partnership...
Jim Tomlinson
Jim Tomlinson
Professor of Economic and Social History, University of Glasgow
In the run-up to the recent UK general election, 65 professors of social policy wrote to the Guardian in the following terms: “Now the majority of children and working-age adults in poverty live in working, not workless, households. In other words – and ironically in view of the coalition’s rhetoric – many of those forced to claim the working-age benefits targeted f...
FactCheck.org
FactCheck.org
A Project of the Annenberg Public Policy Center of the University of Pennsylvania.
Ben Carson said the United States has more oil and natural gas than Russia. Not so. The U.S. recently passed Russia in production of petroleum and natural gas, but estimates put Russia’s proved reserves of crude oil and natural gas way ahead of the U.S. Carson, a Republican presidential contender, made the claim while talking about his foreign relations goals during a Jun...
Daniel Gros
Daniel Gros
Director of the Centre for European Policy Studies, Brussels
Two financial crises at the ‘sub federal’ are playing out at present in the world. The economic entities involved are of comparable size, but the attention given to them globally could not be more different: In the US, it is the Commonwealth of Puerto Rico which is teetering on the verge of bankruptcy. But few outside the island take notice. In Europe, it...
Paul De Grauwe
Paul De Grauwe
Professor of international economics, London School of Economics, and former member of the Belgian parliament.
The issue of restructuring of the Greek debt is at the centre of the negotiations about how to resolve the Greek crisis. Since the start of that crisis the Greek sovereign debt has been subjected to several restructuring efforts. First, there was an explicit restructuring in 2012 forcing private holders of the debt to accept deep haircuts. This explicit...
Barry Eichengreen
Barry Eichengreen
Professor of Economics and Political Science at the University of California, Berkeley; and formerly Senior Policy Advisor at the International Monetary Fund. CEPR Research Fellow
Since our last episode, the crisis in Greece has escalated further. Negotiations between the government and its creditors collapsed over the weekend, and restrictions on bank withdrawals will now follow. The next step is for the government to issue the equivalent of IOUs to pay salaries and pensions. The country is seemingly on the slippery slope to exiting the euro. Many...
Domingo Cavallo
Domingo Cavallo
Chairman of DFC Associates, LLC and President of Acción por la República
Greece has imposed exchange controls and restrictions on withdrawing cash from its banks. Once negotiations with the Troika got interrupted by the decision of the Greek government to call a referendum next Sunday, Greece had no alternative. Leaving the banks open would have led to a complete collapse of its banking system. Argentina had to do the same on 3 December 2001, after ...
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Diver He Chao gets China back in the gold grooveChinese diver He Chao competes in the Men's 3m Springboard final diving event at the 2015 FINA World Championships in Kazan on July 31, 2015
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