While it may be given with good intentions, food aid can have negative effects. By increasing the local supply of food, such aid may depress prices and undercut the income of rural farmers. The National Bureau of Economic Research (NBER) argues, however, that food aid was worth it in Ethiopia.
Like humans, monkeys respond to economic incentives, says behavioural economist Keith Chen (Yale University School of Management). Moreover, the data generated by the monkeys makes them statistically indistinguishable from most stock-market investors.
Chens initial monkey experiments concerned altruism, where two monkeys faced each other in adjoining cages, each equipped with a
Social Security reform in the United States has become a nationally debated topic, but privately managed, funded plans are already a component of the social security systems of more than 30 nations around the world, says economist Estelle James.
For example:
Chile, Switzerland, the Netherlands and the United Kingdom were
Mexico underwent drastic tariff and quota reductions in the late 1980s and the early 1990s. A National Bureau of Economic Research study finds that Mexico benefited from increased trade and the parts of the country most open to globalisation have fared the best.
The author notes that as a result of
