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Working Paper No. 479European Welfare State Regimes and Their Generosity toward the Elderly
November 22, 2006 This paper examines the generosity of the European welfare state toward the elderly. It shows how various dimensions of the welfare regimes have changed during the past 10 to 15...more Publication -
Strategic AnalysisCan Global Imbalances Continue?
November 14, 2006 In this new Strategic Analysis, we review what we believe is the most important economic policy issue facing policymakers in the United States and abroad: the prospect of a growth...more Publication -
Working Paper No. 478
On Lower-bound Traps
November 03, 2006 We present a simple theoretical framework that integrates the notion of the natural or neutral interest rate, liquidity preference theory, and the monetary policy practice by modern central banks. We...more Publication -
Working Paper No. 477
When Knowledge Is an Asset
October 27, 2006 We study the economics of employment relationships through theoretical and empirical analyses of an unusual set of firms, large law firms. Our point of departure is the “property rights” approach...more Publication -
Working Paper No. 476
The “New Consensus” View of Monetary Policy
October 19, 2006 One of the greatest achievements of the modern “new consensus” view in macroeconomics is the assertion of a nonquantity theoretic approach to monetary policy. Leading theorists and practitioners of this...more Publication -
Public Policy Brief No. 86Rethinking Trade and Trade Policy
October 18, 2006 The theory of comparative advantage says that there are gains from trade for the global economy as a whole. In this second brief of a three-part study of the international...more Publication -
Working Paper No. 475
Capital Stock and Unemployment
August 22, 2006 This paper examines the proposition that capital stock relative to aggregate output has been an important variable in the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the...more Publication -
Working Paper No. 474
On the Minskyan Business Cycle
August 21, 2006 The essential insight Minsky drew from Keynes was that optimistic expectations about the future create a margin, reflected in higher asset prices, which makes it possible for borrowers to access...more Publication -
Working Paper No. 473
The American Jewish Periphery
August 20, 2006 This paper calls attention to the American Jewish periphery—Americans of recent Jewish origin who have only the most tenuous connections, if any, with those origins. This periphery has been growing...more Publication -
Working Paper No. 472
The Adequacy of Retirement Resources among the Soon-to-Retire, 1983–2001
August 19, 2006 A central issue confronting soon-to-retire workers (those aged 47–64) is whether they will have command over enough resources (both private and public) to maintain a decent standard of living in...more Publication -
Working Paper No. 471
Population Forecasts, Fiscal Policy, and Risk
August 17, 2006 This paper describes how stochastic population forecasts are used to inform and analyze policies related to government spending on the elderly, mainly in the context of the industrialized nations. The...more Publication -
Working Paper No. 470
Retiree Health Benefit Coverage and Retirement
August 16, 2006 Employer-provided health benefits for workers who retire before age 65 has fallen over the last decade. We examine a cohort of male workers from the Health and Retirement Survey to...more Publication -
Working Paper No. 469
The Changing Role of Employer Pensions
August 11, 2006 By any measure, pension coverage should be at an all-time high: the nation is richer and workers are older. However, the pension world is a paradox, as pension security falls...more Publication -
Working Paper No. 468
Global Demographic Trends and Provisioning for the Future
August 10, 2006 The world’s population is aging. Virtually no nation is immune to this demographic trend and the challenges it brings for future generations. Relative growth of the elderly population is fueling...more Publication -
Working Paper No. 467
The Financial Requirements of Achieving Gender Equality and Women’s Empowerment
August 09, 2006 Although the Millennium Development Goals (MDGs) have been ratified in global and national forums, they have not yet been incorporated into operational planning within governments or international organizations. The weak...more Publication -
Working Paper No. 466
Net Government Expenditures and the Economic Well-Being of the Elderly in the United States, 1989–2001
August 08, 2006 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...more Publication -
Working Paper No. 465
The Local Geographic Origins of Russian-Jewish Immigrants, circa 1900
August 04, 2006 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...more Publication -
Working Paper No. 464
Differing Prospects for Women and Men
July 26, 2006 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...more Publication -
Working Paper No. 463
Working for a Good Retirement
July 25, 2006 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...more Publication -
Working Paper No. 462
Quick Impact Initiatives for Gender Equality
July 24, 2006 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...more Publication -
Working Paper No. 461
Wage Growth and the Measurement of Social Security’s Financial Condition
July 23, 2006 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...more Publication -
Working Paper No. 460
How the Maastricht Regime Fosters Divergence As Well As Fragility
July 22, 2006 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...more Publication -
Working Paper No. 459
Banking, Finance, and Money
July 21, 2006 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...more Publication -
Working Paper No. 458
Dissent and Discipline in Ben Gurion’s Labor Party, 1930–32
July 20, 2006 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...more Publication