This week’s IGM Economic Experts Panel statements:
A) If the federal minimum wage is raised gradually to $15-per-hour by 2020, the employment rate for low-wage US workers will be substantially lower than it would be under the status quo.
B) Increasing the federal minimum wage gradually to $15-per-hour by 2020 would substantially increase aggregate output in the US economy.
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This week's IGM Economic Experts Panel statements:
A) The admission of children of alumni and donors at elite private colleges and universities crowds out applicants with greater academic potential.
B) The net effect of admitting children of alumni and donors (including any impact on donations and any losses of other high potential applicants) is likely to be a reduction in the contribution of colleges and universities to society.
This week’s IGM European Economic Experts Panel statements:
A) Randomized control trials are a valuable tool for answering some long unsettled questions in development economics research.
B) Randomized control trials are a valuable tool for making significant progress in poverty reduction.
This week’s IGM Economic Experts Panel statements:
A) Randomized control trials are a valuable tool for answering some long unsettled questions in development economics research.
B) Randomized control trials are a valuable tool for making significant progress in poverty reduction.
This week's IGM Economic Experts Panel statement:
The ratio of the 90th to the 10th percentile of the US income distribution has been unaffected by the Federal Reserve’s unconventional monetary policies since the financial crisis.
This week’s IGM Economic Experts Panel poll statement:
One of the leading reasons for rising U.S. income inequality over the past three decades is that technological change has affected workers with some skill sets differently than others.
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