All posts in tag: economy

Robert Reich Today’s jobs report and the Supreme Court’s McCutcheon debacle

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 >

Gabriel Lenz Understanding and curing myopic voting: Why voters focus on the election-year economy

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 >

Harley Shaiken Battle in Seattle: Boeing’s demands bad for U.S. economy

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 >

Claude Fischer Inequality update

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 >

Brad DeLong Inequality on the horizon of need

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 >

Carola Binder Wealth and motivations for saving

In a recent column in the Atlantic called “Building the Wealth of the Poor and Middle Class,” Noah Smith suggests a few ways to improve the unequal distribution of wealth in America. He notes that “one obvious thing we could do to make wealth more equal is – surprise! -redistribution…Giving the poor … More >

Carola Binder The Great Recession and preferences for redistribution

Differences in attitudes towards welfare and redistribution are an important source of political tension, especially during recessions. What factors shape people’s attitudes towards welfare and redistribution?

There are two main strands of thought on this question in the literature. One strand emphasizes economic self-interest as a key determinant of attitudes toward … More >

Carola Binder Pope Benedict XVI on crisis, development, and truth

Today, Pope Benedict XVI announced that he will resign from his ministry at the end of the month, citing declining strength in his advanced age. His Papacy began in 2005 and many of his written messages reflect upon the global economic and financial crisis that characterized the world to which he ministered.

Most notably, his … More >

Carola Binder Overheating and the Fed

Governor Jeremy Stein of the St. Louis Federal Reserve gave a speech on February 7 called “Overheating in Credit Markets: Origins, Measurement, and Policy Responses.” Overheating is a term he uses to describe a credit market with low interest rates, lax lending standards, and high risk-taking by investors “reaching for yield.” The … More >

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