Daily Policy Digest

Economic Issues

More Young Adults Are Living With Their Parents

Recent surveys found more than 60 percent of people ages 18 to 34 knew someone who had moved back in with their parents because of the economy...

How to Not Outlive Your Money

A new analysis found the average 401(k) balance was $80,600 at the end of June, up nearly 11 percent from the same quarter a year ago...

How to Attract and Retain Investment in a Competitive Global Economy

While the United States' current claim to 17 percent of the world’s stock of foreign direct investment is impressive, the share stood at 39 percent as recently as 1999...

American Wages Remain Low

The average hourly pay for a nongovernment, non-supervisory worker, adjusted for price increases, declined to $8.77 last month from $8.85 at the end of the recession in June 2009...

California Homes Require Real Reach

Data indicates that the median house price in California in the early 1970s was 7 percent above the national average; by 2013, the price differential had risen to 109 percent...

Did Taxes Cause the Financial Crisis?

Financial firms in the United States pay about 34 percent of their profits in taxes, and, while they can deduct interest payments to creditors from taxable income, equity is not taxed as favorably...

Welfare Pays More than Minimum Wage in Most States

Welfare pays more than a minimum-wage job in 35 states, creating little incentive for Americans to take entry-level work and likely increasing their long-term dependency on government help...

Your Mortgage, Their Rent

The housing finance reforms that have the most bipartisan support appear to do nothing about the perverse capital requirements that penalize banks that originate safe loans while rewarding banks that hold securities backed by dodgy loans...

Stimulus Is Not the Solution to Greece's Economic Woes

Most New Deal programs had a multiplier effect on the private sector that was either small or sometimes even negative...

The Social Responsibility of Economists

The only social responsibility of economists is to maximize their career advancement within the scientific community of economists...


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