Report April 2007

Who’s really at the top of the economic ladder? A new Levy Institute Measure of Economic Well-Being report by Senior Scholars Edward N. Wolff and Ajit Zacharias examines how comparisons of economic well-being are affected by the inclusion of an accurate measure of well-being derived from wealth.

Contents:

NEW LEVY INSTITUTE MEASURE OF ECONOMIC WELL-BEING REPORT

• Wealth and Economic Inequality: Who’s at the Top of the
  Economic Ladder?

NEW POLICY NOTE

• The April AMT Shock: Tax Reform Advice for the New Majority

NEW PUBLIC POLICY BRIEFS

• Maastricht 2042 and the Fate of Europe: Toward Convergence and
  Full Employment
• US Household Deficit Spending: A Rendezvous with Reality
• The Economics of Outsourcing: How Should Policy Respond?

NEW WORKING PAPERS

• Methodology and Microeconomics in the Early Work of Hyman P. Minsky
• An Inquiry into the Nature of Money: An Alternative to the Functional
  Approach
• Net Intergenerational Transfers from an Increase in Social Security
  Benefits
• Fisher’s Theory of Interest Rates and the Notion of “Real”:
  A Critique
• Expensive Living: The Greek Experience under the Euro
• The Balance Sheet Approach to Financial Crises in Emerging Markets
• Global Imbalances, Bretton Woods II, and Euroland’s Role
  in All This
• Class Structure and Economic Inequality
• Demand Constraints and Big Government
• Fixed and Flexible Exchange Rates and Currency Sovereignty
• Productivity, Technical Efficiency, and Farm Size in Paraguayan
  Agriculture
• Land Rental and Sales Markets in Paraguay

LEVY INSTITUTE NEWS

• New Senior Scholars
• New Research Scholar
• New Editor

PUBLICATIONS AND PRESENTATIONS

• Publications and Presentations by Levy Institute Scholars