With the release of the (mostly) triennial Survey of Consumer Finances (SCF) from the Federal Reserve, it is once again time to look at trends in wealth. The SCF is one of the best sources for data on net worth (assets minus liabilities) in the U.S.
In … More >
After years of mismanagement and looting, Ukraine faces a number of economic challenges. The situation is so critical that weak economic performance in the next few years could undermine the very independence of the country. Just yesterday, President Poroshenko signed a degree setting up the National Council for Reforms to … More >
Ukraine is living through most trying times: Maidan protests, snipers killing dozens of unarmed protesters, the fall of Viktor Yanukovych’s regime, near-default of the government, Russian annexation of Crimea, and Russian-sponsored separatist mutiny in Ukraine’s East.
With the victory of the February revolution, the new government, and the new elected president … More >
More Americans than ever believe the economy is rigged in favor of Wall Street and big business and their enablers in Washington. We’re five years into a so-called recovery that’s been a bonanza for the rich but a bust for the middle class. “The game is rigged and the American … More >
What does the Supreme Court’s McCutcheon decision this week have to do with today’s jobs report, showing 192,000 new jobs for March?
Connect the dots. More than five years after Wall Street’s near meltdown the number of full-time workers is still 4 million less than it was in December 2007, yet the … More >
By Andrew Healy and Gabriel Lenz
In the U.S., we — the voters — elect our presidents using a potentially problematic decision rule: we largely decide who will be president based on the election-year economy (1, 2, 3). If the economy is on an upswing before the election, we usually retain … More >
At the heart of the recent hard-ball negotiations between Boeing and the International Association of Machinists (IAM) is a troubling paradox: A company scores record profits and demands tough concessions from its workers.
Something is clearly wrong with this picture. While earning more and paying less may fatten the bottom line … More >
Inequality has become the new hot topic over the last several years – in the media and in the research community. This post briefly reports several recent studies of inequality that tell us what’s been happening, why, and to what effect. (It’s not a cheery story.) Before that, notice how … More >
By any economic measure, we are living in disappointing times. In the United States, 7.2% of the normal productive labor currently stands idle, while the employment gap in Europe is rising and due to exceed that of the US by the end of the year. So it is important to … More >