Policy and Choice
Policy and Choice

Author: William J. Congdon

Publisher: Brookings Institution Press

Published: 2011

Total Pages: 260

ISBN-13: 0815704984

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Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.

The New Financial Order
The New Financial Order

Author: Robert J. Shiller

Publisher: Princeton University Press

Published: 2009-02-09

Total Pages: 385

ISBN-13: 1400825474

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In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.

Facing Up to Low Productivity Growth
Facing Up to Low Productivity Growth

Author: Adam S. Posen

Publisher: Peterson Institute for International Economics

Published: 2019-02-01

Total Pages: 472

ISBN-13: 0881327328

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Labor productivity growth in the United States and other advanced countries has slowed dramatically since the mid-2000s, a major factor in their economic stagnation and political turmoil. Economists have been debating the causes of the slowdown and possible remedies for some years. Unaddressed in this discussion is what happens if the slowdown is not reversed. In this volume, a dozen renowned scholars analyze the impact of sustained lower productivity growth on public finances, social protection, trade, capital flows, wages, inequality, and, ultimately, politics in the advanced industrial world. They conclude that slow productivity growth could lead to unpredictable and possibly dangerous new problems, aggravating inequality and increasing concentration of market power. Facing Up to Low Productivity Growth also proposes ways that countries can cope with these consequences.

On Your Own without a Net
On Your Own without a Net

Author: D. Wayne Osgood

Publisher: University of Chicago Press

Published: 2008-09-15

Total Pages: 416

ISBN-13: 0226637859

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In the decade after high school, young people continue to rely on their families in many ways-sometimes for financial support, sometimes for help with childcare, and sometimes for continued shelter. But what about those young people who confront special difficulties during this period, many of whom can count on little help from their families? On Your Own Without a Net documents the special challenges facing seven vulnerable populations during the transition to adulthood: former foster care youth, youth formerly involved in the juvenile justice system, youth in the criminal justice system, runaway and homeless youth, former special education students, young people in the mental health system, and youth with physical disabilities. During adolescence, government programs have been a major part of their lives, yet eligibility for most programs typically ends between the ages of eighteen and twenty-one. This critical volume shows the unfortunate repercussions of this termination of support and points out the issues that must be addressed to improve these young people's chances of becoming successful adults.

On the Frontier of Adulthood
On the Frontier of Adulthood

Author: Richard A. Settersten Jr.

Publisher: University of Chicago Press

Published: 2008-09-15

Total Pages: 608

ISBN-13: 0226748928

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On the Frontier of Adulthood reveals a startling new fact: adulthood no longer begins when adolescence ends. A lengthy period before adulthood, often spanning the twenties and even extending into the thirties, is now devoted to further education, job exploration, experimentation in romantic relationships, and personal development. Pathways into and through adulthood have become much less linear and predictable, and these changes carry tremendous social and cultural significance, especially as institutions and policies aimed at supporting young adults have not kept pace with these changes. This volume considers the nature and consequences of changes in early adulthood by drawing upon a wide variety of historical and contemporary data from the United States, Canada, and Western Europe. Especially dramatic shifts have occurred in the conventional markers of adulthood—leaving home, finishing school, getting a job, getting married, and having children—and in how these experiences are configured as a set. These accounts reveal how the process of becoming an adult has changed over the past century, the challenges faced by young people today, and what societies can do to smooth the transition to adulthood. "This book is the most thorough, wide-reaching, and insightful analysis of the new life stage of early adulthood."—Andrew Cherlin, Johns Hopkins University "From West to East, young people today enter adulthood in widely diverse ways that affect their life chances. This book provides a rich portrait of this journey-an essential font of knowledge for all who care about the younger generation."—Glen H. Elder Jr., University of North Carolina at Chapel Hill "On the Frontier of Adulthood adds considerably to our knowledge about the transition from adolescence to adulthood. . . . It will indeed be the definitive resource for researchers for years to come. Anyone working in the area—whether in demography, sociology, economics, or developmental psychology—will wish to make use of what is gathered here."—John Modell, Brown University "This is a must-read for scholars and policymakers who are concerned with the future of today's youth and will become a touchpoint for an emerging field of inquiry focused on adult transitions."—Jeanne Brooks-Gunn, Columbia University