By Topic

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. 

 

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 European survey examines (a) The reductions in Western programs of development assistance will have no measurable effects on GDP growth in the recipient countries over the next five years; (b) The reductions in Western programs of development assistance will have substantially negative effects on the most vulnerable people in the recipient countries over the next five years; (c) Development assistance motivated by the potential benefits for the donors in terms of prosperity and security is measurably more effective in promoting GDP growth in recipient countries than aid based on humanitarian or other moral principles 

This US survey examines (a) The cancellation of the majority of programs run by the US Agency for International Development (USAID) will have no measurable effects on GDP growth in the recipient countries over the next five years; (b) The cancellation of the majority of USAID programs will have substantially negative effects on the most vulnerable people in the recipient countries over the next five years; (c) Development assistance motivated by the potential benefits for the donors in terms of prosperity and security is measurably more effective in promoting GDP growth in recipient countries than aid based on humanitarian or other moral principles