A new study measures intergenerational social mobility in the US, estimating the probability that a child born at a low rung of the income ladder can reach the top. The authors find that social mobility has remained stable in the US for the last 30 years. More »
Seen as an initiative to restructure international financial structures, the BRICS bank may not necessarily be a stepping stone to further security and strategic institutionalization. More »
A new study finds that Chapter 13 Bankruptcy increases annual income, decreases five-year foreclosure rates points, and decreases five-year mortality. More »
While the tech industry claims that H-1B visas help address labor shortages and bring in the best and brightest engineers, data shows that they can drive down wages and indenture migrant workers. More »
Beyond issues of gender equity and human development, research points to damaging economic consequences for regions with large gender gaps in education and employment. More »
Standard & Poor’s Senior Director Jane Ridley, who serves as S&P’s primary analyst for Detroit, recounts the factors that drove Detroit to bankruptcy and explains why the Windy City is unlikely to go bust. More »
A recent paper underscores the difficulty of studying the World Cup and does not draw firm conclusions, but finds suggestive evidence that hosting the World Cup could have a negative impact on exports. More »
An experiment in rural Morocco finds that economic gains from access to microfinance are highly variable, and there are no significant indirect impacts on the status of women and children. More »
Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies. More »