Daily Policy Digest

Economic Issues

Pay Hike Strikes Fear in Los Angeles Garment Industry

A minimum wage hike in Los Angeles could harm the garment industry and cause job losses in the area...

Why Millennials Should Pay Attention to Monetary Policy

Misguided actions by the Fed can and do have major effects on the millennial generation...

Hillary Clinton's Economic Plan

Hillary Clinton's economic policy speech provided nothing more than liberal progressive talking points...

Black Child Poverty Rate Holds Steady Even as Other Groups See Declines

New study notes disproportionately high rates of poverty among African American children even as other groups have seen declines...

Household Spending Sensitive to Real Interest Rates

Most households are sensitive to changes in real interest rates...

Innovation and Top Income Inequality

There is a positive and significant correlation between innovativeness and top income inequality in the United States...

A Decline in the Desire to Work

Since the 1990s, the share of labor nonparticipants who report wanting to work has declined...

Liquidity in Retirement Savings Systems

What is the socially optimal level of liquidity in a retirement savings system?...

Home Buying Decisions Driven by Leverage

The strength of housing demand is strongly affected by household wealth, income and the quantity of available financing...

Understanding Benign Liquidity Traps: The Case of Japan

Credit constraints may be more important for macroeconomic performance than interest rates...


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