Found 22 article(s) for author 'Public Policy'

Don’t Blame Economics, Blame Public Policy

Don’t Blame Economics, Blame Public Policy. Ricardo Hausmann, September 1, 2019, Opinion, “Engineering and medicine have in many respects become separate from their respective underlying sciences of physics and biology. Public-policy schools, which typically have a strong economics focus, must now rethink the way they teach students – and medical schools could offer a model to follow.Link

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A Unified Welfare Analysis of Government Policies

A Unified Welfare Analysis of Government Policies. Nathaniel Hendren, August 2018, Paper, “We conduct a comparative welfare analysis of 133 historical policy changes over the past half-century in the United States, focusing on policies in social insurance, education and job training, taxes and cash transfers, and in-kind transfers. For each policy, we use existing causal estimates to calculate both the benefit that each policy provides its recipients (measured as their willingness to pay) and the policy’s net cost, inclusive of long-term impacts on the government’s budget. We divide the willingness to pay by the net cost to the government to form each policy’s Marginal Value of Public Funds, or its “MVPF”. Comparing MVPFs across policies provides a unified method of assessing their impact on social welfare. Our results suggest that direct investments in low-income children’s health and education have historically had the highest MVPFs, on average exceeding 5. Many such policies have paid for themselves as governments recouped the cost of their initial expenditures through additional taxes collected and reduced transfers.Link

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The American Dream Is Harder To Find In Some Neighborhoods

The American Dream Is Harder To Find In Some Neighborhoods. Raj Chetty, 10/1/18, Audio, “Does the neighborhood you grow up in determine how far you move up the economic ladder? A new online data tool being made public Monday finds a strong correlation between where people are raised and their chances of achieving the American dream.Link

Opportunity Atlas –


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Charging the Future – Challenges and Opportunities for Electric Vehicle Adoption

Charging the Future – Challenges and Opportunities for Electric Vehicle Adoption. Henry Lee, August 2018, Paper, “Electric vehicles (EVs) have advanced significantly this decade, owing in part to decreasing battery costs. Yet EVs remain more costly than gasoline fueled vehicles over their useful life. This paper analyzes the additional advances that will be needed, if electric vehicles are to significantly penetrate the passenger vehicle fleet.Link

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Poverty in America: New Directions and Debates

Poverty in America: New Directions and Debates. Matthew Desmond, Bruce Western, July 2018, Paper, “Reviewing recent research on poverty in the United States, we derive a conceptual framework with three main characteristics. First, poverty is multidimensional, compounding material hardship with human frailty, generational trauma, family and neighborhood violence, and broken institutions. Second, poverty is relational, produced through connections between the truly advantaged and the truly disadvantaged. Third, a component of this conceptual framework is transparently normative, applying empirical research to analyze poverty as a matter of justice, not just economics. Throughout, we discuss conceptual, methodological, and policy-relevant implications of this perspective on the study of extreme disadvantage in America.Link

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Tyler Cowen and Amitabh Chandra on economics of health care

Tyler Cowen and Amitabh Chandra on economics of health care. Amitabh Chandra, June 12, 2018, Audio, “Two prominent economists share their views on the politics, economics and ethics of health care reform. Tyler Cowen is professor of economics at George Mason University and the Center for the Study of Public Choice and has earned numerous accolades, including being named a Top 100 Global Thinker by Foreign Policy. He is also one of The Economist’s most influential economists of the decade.Link

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Pandemic risk: how large are the expected losses?

Pandemic risk: how large are the expected losses? Lawrence Summers, 2018, Paper, “There is an unmet need for greater investment in preparedness against major epidemics and pandemics. The arguments in favour of such investment have been largely based on estimates of the losses in national incomes that might occur as the result of a major epidemic or pandemic. Recently, we extended the estimate to include the valuation of the lives lost as a result of pandemic-related increases in mortality. This produced markedly higher estimates of the full value of loss that might occur as the result of a future pandemic. We parametrized an exceedance probability function for a global influenza pandemic and estimated that the expected number of influenza-pandemic-related deaths is about 720 000 per year.Link

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Which Europeans Like Nudges? Approval and Controversy in Four European Countries

Which Europeans Like Nudges? Approval and Controversy in Four European Countries. Cass Sunstein, January 29, 2018, Paper, “Policy makers show an increasing interest in “nudges”—behaviorally motivated interventions that steer people in certain directions but maintain freedom of consumer choice. Despite this interest, little evidence has surfaced about which population groups support nudges and nudging. We report the results of nationally representative surveys in Denmark, Hungary, Italy, and the United Kingdom. Individual, household, and geographic characteristics served as predictors of nudge approval, and the count of significant predictors as measures of controversy.Link

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