maandag 30 november 2009
vrijdag 27 november 2009
donderdag 26 november 2009
woensdag 25 november 2009
246,000 foreign students are studying science, engineering and mathematics at American universities.
dinsdag 24 november 2009
The president says he understands the urgency of our fiscal crisis, but his policies are the equivalent of steering the economy toward an iceberg. President Barack Obama took office promising to lead from the center and solve big problems. He has exerted enormous political energy attempting to reform the nation's health-care system. But the biggest economic problem facing the nation is not health care. It's the deficit. Recently, the White House signaled that it will get serious about reducing the deficit next year—after it locks into place massive new health-care entitlements. This is a recipe for disaster, as it will create a new appetite for increased spending and yet another powerful interest group to oppose deficit-reduction measures. Read the complete column in the WSJ here.
maandag 23 november 2009
vrijdag 20 november 2009
Moreover, the outlook for the coming months remains unfavourable. However, labour markets are showing tentative signs of stabilising in some Member States, while a relative improvement in confidence among businesses and consumers, including their employment and unemployment expectations, although still pessimistic, adds support to the view that the pace of economic and labour market deterioration is easing. In this month's edition there is a special focus on the health sector as well as an update on the situation in the automotive industry, previously reported on in the February issue.
donderdag 19 november 2009
Do state firms have too much power? A case in Hebei stirs debate. Read the complete piece in The Economist here.
dinsdag 17 november 2009
maandag 16 november 2009
vrijdag 13 november 2009
Read the complete report from the Centre on Budget and Policy Priorities here.
Is Posner Right? An Empirical Test of the Posner Argument for Transferring Health Spending from Old Women to Old Men
equalize life expectancy. His argument is based on the assumption that women’s utility is
higher if they are married. Thus, extending the lifespan of men would benefit women. Using
life satisfaction data from the German Socio-Economic Panel Study (SOEP), we conduct an
empirical test of this assumption. We apply a two-step estimation strategy: first, we use a
propensity score matching approach to generate a control group of non-widowed women.
The average level of life satisfaction in the control group serves as a reference to measure
the degree of adaptation to widowhood. In the second step, the life satisfaction trajectories of
both groups are estimated using penalized spline regressions. The results suggest
bereavement has no enduring effect on life satisfaction, and that falsifies Posner’s
assumption. Read the complete publication here.
donderdag 12 november 2009
dinsdag 10 november 2009
vrijdag 6 november 2009
donderdag 5 november 2009
woensdag 4 november 2009
Pauvreté en France: rapport du Haut-Commissaire aux solidarités actives contre la pauvreté (octobre 2009)
dinsdag 3 november 2009
Disparities in health expenditure across OECD countries: Why does the United States spend so much more than other countries?
The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Geanakoplos of Yale University takes inspiration from Shakespeare's "Merchant of Venice."
The play's focus is collateral, with the money lender Shylock demanding a particularly onerous form of recompense if his loan wasn't repaid: a pound of flesh. Mr. Geanakoplos, too, finds danger lurking in the assets that back loans. For him, the risk is that investors who can borrow too freely against those assets drive their prices far too high, setting up a bust that reverberates through the economy. Read the complete article in the WSJ here.