This paper discussion addresses two points concerning the gap between productivity growth and wage growth in this business cycle. First, it shows that the redistribution from labor to capital that has taken place thus far in this business cycle is in fact typical for the early part of a business...
Income redistribution is a form of social insurance, and hence can promote risk-taking activities. We examine this idea in a Research & Development (R&D) -driven growth model with stochastic innovations and risk-averse agents, where the growth rate is determined by the occupational choice of agents between entrepreneurship and employment. We...
Laws that work fairly well in developed market economies may produce unexpected outcomes in a country without an independent judicial system. This paper focuses on the institution of bankruptcy to study evolution of a legal transplant from the very beginning. Analysis of firm-level data shows that the Russia's bankruptcy law...
How does the size of the transfer system evolve in the short and in the long run? The authors modeled income redistribution as determined by voting among individuals of different types and income realizations. Taxation is distortionary because it discourages effort to accumulate human capital. Voters are fully rational, realizing...
This paper examines the distributional implications of mandatory longevity insurance when there is mortality heterogeneity in the population. It embeds that analysis into a life cycle framework that allows for an examination of distributional effects on a utility-adjusted basis. It finds that the degree of redistribution that occurs from the...
David Cameron has warned that an incoming Tory government might be forced to raise taxes because the economy will be in a dire state after the next election. The Conservative leader also hinted that he might scale back Gordon Brown's flagship tax credits scheme. He warned that...
Are we undergoing some kind of sea change of attitudes in America today? Washington Post columnist E.J. Dionne reflects such sentiment -- perhaps I should say wishful thinking -- by those on the left that indeed we are. He says capitalism is having a "reality check." ...
BILLERICA, Mass. -- NEXX Systems, a leading provider of processing equipment for advanced wafer-level packaging applications, today announced the product launch of its new Apollo sputter deposition system. The Apollo advances the state-of-the-art in metal deposition for wafer level packaging due to its remarkable versatility, excellent performance, and low cost...
Grant Cushinberry said that if people put God first, others second and themselves third, the world would be a much better place. In practicing what he preached, the Topeka humanitarian proved his point. Cushinberry, who died Tuesday, brightened his community during his 86 years...
[ILLUSTRATION OMITTED] Before Maxpedition Hard-Use Gear introduced their original and now famed Fat Boy Versipack, my backup blasters got stuffed into a drab array of sad sacks and clumsy carry-alls. The Fat Boy changed all that, providing a concealment platform I even felt comfortable using as a "primary...
$12.58 Per Residential Consumer Fulfills Merger Agreement DALLAS -- Tomorrow, Oncor will begin the process of refunding approximately $72 million, or about $12.58 for each residential consumer taking delivery service from the company at the end of December 2007. Eligible consumers should receive the credit on their September...
New support surface products to be included as part of company's comprehensive Pressure Ulcer Prevention Program to assist in reducing and preventing pressure ulcers MUNDELEIN, Ill., June 30 /PRNewswire/ -- Medline Industries, Inc. announced today an advanced line of therapeutic pressure redistribution mattresses, operating room table pads...
The life insurer Prudential surprised investors and policyholders alike yesterday by scrapping controversial plans to redistribute the orphan assets in its with-profits fund. Prudential followed in the footsteps of its UK rival Aviva last year, when it launched an investigation into whether it could redistribute its 8.7bn...
Let me start by saying that I am one of the "right-wing radicals" that Paul Sikora mentioned in his letter ("Word 'socialism' misused," Readers' Forum, June 23). That said, I believe that laying more or higher taxes on individuals and businesses from each according to his ability and using the...
In response to Brett Ellingson (Readers' Forum, June 24): You may believe that Marxist socialism is dead, but the far leftists like Barack Obama realize that the words "Marxism" and "socialism" bring very bad responses from people. So the leftists cloak Marxist socialism in a new name called "progressive." ...
BERLIN AFP — Georgian President Mikheil Saakashvili said Russian intervention in Abkhazia must be stopped or the sovereignty of other former Soviet states will be at risk, in an interview published here Thursday. "Georgia is only the start. Tomorrow it will be Ukraine, the Baltic states and Poland....
*MOTOR RACING Formula One is bracing itself for the outbreak this week of a war that could tear it apart. Tomorrow the FIA World Motor Sport Council will meet in Paris to discuss a proposal that could trigger a fight for control of the sport between former...
*MOTOR RACING Formula One is bracing itself for the outbreak this week of a war that could tear it apart. Tomorrow the FIA World Motor Sport Council will meet in Paris to discuss a proposal that could trigger a fight for control of the sport between former...
*MOTOR RACING Formula One is bracing itself for the outbreak this week of a war that could tear it apart. Tomorrow the FIA World Motor Sport Council will meet in Paris to discuss a proposal that could trigger a fight for control of the sport between former...
WASHINGTON -- The government does not have adequate privacy protections for the personal information it collects, shares and stores as part of the effort to fight terrorism, according to a new report by a federal watchdog agency. The Government Accountability Office GAO says that new laws are needed...
Articles 2008-06-18
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