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Working Paper No. 466
Net Government Expenditures and the Economic Well-Being of the Elderly in the United States, 1989–2001
We examine the economic well-being of the elderly, using the Levy Institute Measure of Economic Well-Being (LIMEW). Compared to the conventional measures of income, the LIMEW is a comprehensive measure that incorporates broader definitions of income from wealth, government expenditures, and taxes. It also includes the value of household production. We find that the elderly […] -
Working Paper No. 465
The Local Geographic Origins of Russian-Jewish Immigrants, circa 1900
This working paper concerns the local origins of Russian-Jewish immigrants to the United States, circa 1900. New evidence is drawn from a large random sample of Russian-Jewish immigrant arrivals in the United States. It provides information on origins not merely by large regions, or even by the provinces of the Pale of Settlement (where nearly […] -
Conference Proceedings
UNDP, BDP – Levy Conference, “Unpaid Work and the Economy: Gender, Poverty, and the Millennium Development Goals ” Gender, Poverty, and the Millennium Development Goals”
View Conference Website Bureau for Development Policy, UNDPin partnership withThe Levy Economics Institute of Bard CollegeThe conference on Unpaid Work and the Economy: Gender, Poverty, and the Millennium Development Goals was organized by the Bureau for Development Policy, United Nations Development Programme, in partnership with The Levy Economics Institute. The purpose of convening this conference […] -
Working Paper No. 464
Differing Prospects for Women and Men
Although elderly men and women share many of the same problems as they age, their lives are likely to follow different courses. Women are more likely than men to live into old old-age and are more likely to spend part of their young old-age caring for husbands or parents. By providing this unpaid care women […] -
Working Paper No. 463
Working for a Good Retirement
The choice of retirement age is the most important portfolio choice most workers will make. Drawing on the Urban Institute’s Dynamic Simulation of Income model (DYNASIM3), this report examines how delaying retirement for nondisabled workers would affect individual retiree benefits, the solvency of the Social Security trust fund, and general revenues. The results suggest that […] -
Working Paper No. 462
Quick Impact Initiatives for Gender Equality
The UN Millennium Project identified a set of Quick Impact Initiatives (QIIs) for achieving the Millennium Development Goals (MDGs). According to the Millennium Project, QIIs are interventions to be implemented in the early years of an MDG scale-up strategy that generate rapid results. With adequate resources, they can be implemented quickly (e.g., within three years) […] -
Working Paper No. 461
Wage Growth and the Measurement of Social Security’s Financial Condition
Government spending on the elderly is projected to increase rapidly as the American population becomes older. As a result, many policymakers and budget analysts are concerned about the continued viability of entitlement programs such as Social Security. The Social Security trustees’ economic growth projections receive considerable attention because many people believe that higher growth would […] -
Working Paper No. 460
How the Maastricht Regime Fosters Divergence As Well As Fragility
This paper investigates the phenomenon of persistent macroeconomic divergence that has occurred across the eurozone in recent years. Optimal currency area theory would point toward asymmetric shocks and structural factors as the foremost candidate causes. The alternative hypothesis pursued here focuses on the working of the Maastricht regime itself, making it clear that the regime […] -
Working Paper No. 459
Banking, Finance, and Money
This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an alternative based on socioeconomics. It argues that the alternative approach is better fitted to not only the historical record, but also sheds more light on the nature of money in modern economies. In orthodoxy, money is […] -
Working Paper No. 458
Dissent and Discipline in Ben Gurion’s Labor Party, 1930–32
This paper describes a small opposition group that functioned during 1930–33 on the left fringes of Ben Gurion’s Mapai party in Palestine. Mapai dominated Jewish Palestine’s politics, and later the politics of the young State of Israel; it lives on today in Israel’s Labor Party. The opposition group, probably no more than a dozen active […] -
Book Series
The Distributional Effects of Government Spending and Taxation
This book focuses on the distributional consequences of the public sector. It examines and documents, both theoretically and empirically, the effects of government spending and taxation on personal distribution, that is, on families and individuals. In addition, it investigates the relationship between the public sector and the functional distribution of national income. In this respect, […] -
Policy Notes No. 5
The Burden of Aging
Demographers and economists agree that we are aging—individually and collectively, nationally and globally. An aging population results from the twin demographic forces of fewer children per family and longer lives. Most experts recognize the burden that aging causes as the number of retirees supported by each worker rises. This trend is reinforced by the graying […]