The 2022-23 budget is the result of a good plan, well executed. But whichever party next takes government must close the deficit gap – without resorting to austerity.
A focus on raw intellectual talent may unintentionally create a cutthroat workplace culture. New research suggests women’s preference to avoid that environment may contribute to gender gaps in some fields.
Anthony Albanese will declare he would govern on the Hawke model of consensus, in a Wednesday economic speech that also directs a strong pitch to business.
Taxes are more than mandatory payments required by governments. Understanding the essential aspects of taxation can help prevent ethically and legally questionable taxes from being imposed.
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
Human behaviors shift. Policies change. New technology arrives and evolves. All those changes and more are hard to predict, and they affect tomorrow’s costs.
Opponents of a new California law that may lift the minimum wage for fast food workers claim it’ll cost jobs. How raising it affects employment is among the most studied issues in all of economics.
Canadian economist David Card won the Nobel Prize in economics for demonstrating that large-scale immigration has no effect on the wages of native-born workers. In doing so, he’s challenged Economics 101.
Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
Another wave of COVID-19 in Russia is undermining public health and threatens economic recovery. But widespread mistrust of institutions will stymie the country’s efforts to move past the pandemic.