Keyword: social welfare

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Savings Behavior

This week’s IGM Economic Experts Panel statement: An effective way to increase savings rates of employees whose firms have defined contribution plans is to combine automatic enrollment in those plans and periodic automatic increases in their contributions (with the ability to opt out of either).
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China-US Trade

This week's IGM Economic Experts Panel statements: A) Trade with China makes most Americans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China. B) Some Americans who work in the production of competing goods, such as clothing and furniture, are made worse off by trade with China.
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Price Gouging

This week’s IGM Economic Experts Panel poll statement: Connecticut should pass its Senate Bill 60, which states that during a “severe weather event emergency, no person within the chain of distribution of consumer goods and services shall sell or offer to sell consumer goods or services for a price that is unconscionably excessive.”
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Economic Stimulus

This week’s IGM Economic Experts Panel poll statements: A) Because of the American Recovery and Reinvestment Act of 2009, the U.S. unemployment rate was lower at the end of 2010 than it would have been without the stimulus bill. B) Taking into account all of the ARRA's economic consequences — including the economic costs of raising taxes to pay for the spending, its effects on future spending, and any other likely future effects — the benefits of the stimulus will end up exceeding its costs.