Article Artículo
Defense Spending and Net Exports Spur Higher Than Expected Third Quarter GrowthOctober 30, 2014
CEPR and / October 30, 2014
Article Artículo
Defense Spending and Net Exports Spur Higher Than Expected Third Quarter GrowthCEPR / October 30, 2014
Article Artículo
Washington Post Offers Lesson in Bad Public Opinion PollingThe Washington Post has long used both its opinion and its news pages to push for cuts to Social Security. It has regularly exaggerated the problems with the program, for example once running a major front page story over the fact that 0.006 percent of Social Security benefits are paid out to dead people.
In keeping with this practice, the Post began a feature polling readers on how they would like to see the projected shortfall addressed with an article headlined, "Social Security Is a Mess. How to Fix It." Today the paper is reporting on some of the results. The piece begins:
"One thing was clear from the first month’s responses to our question about how to fix Social Security: Readers want something to get done.
"Only 2 percent of responses were in favor of 'doing nothing,' which would mean that after 2033 –when the Social Security trust fund is expected to be depleted– retirement benefits would be cut by 23 percent. And only 3 percent of responses said it would be a good idea to put off raising taxes until after the trust fund is depleted, at which point a steep tax hike would be needed to pay benefits [emphasis added]."
While the fact that only 2 percent of responses are in favor of "doing nothing" might sound compelling, there is an obvious problem with the sample. The overwhelming majority of Washington Post readers did not respond to the WaPo piece. The 2 percent in favor of doing nothing represent 2 percent of a tiny minority of Washington Post readers who are themselves far from representative of the population as a whole. Furthermore, the bias is compounded by the fact that if readers do not see an urgency to address the projected shortfall in Social Security they are almost certainly less likely to answer the paper's poll on the topic.
In effect, what the Post is telling us is that only 2 percent of their readers who took the time to answer its survey on Social Security felt that nothing should be done. Most of us might have guessed something like that without seeing the poll result.
Dean Baker / October 30, 2014
Article Artículo
The 'Collaborative Economy': Competing on a Level Playing Field?Dean Baker
October 30, 2014, Policy Network
Dean Baker / October 30, 2014
Article Artículo
Economists Who Saw the Housing Bubble Were Not Worried About a DepressionDean Baker / October 29, 2014
Article Artículo
WaPo Touts the Expansion of Oil Supply, Apparently Unable to Get Projections from Energy Information AgencyDean Baker / October 29, 2014
Article Artículo
The Blame Teachers Game: Has Anyone Heard of the South?Frank Bruni's column complaining about teachers and teachers unions undoubtedly has millions asking, "is our pundits learning?" The proximate cause is a soon to be published book by Joel Klein, the former New York City school chancellor.
It seems that the book repeats most of the old complaints of school "reformers." The big problem with our schools is that we have bad teachers and that unions won't let us get rid of them. Bruni tells readers:
"I was most struck, though, by what he observes about teachers and teaching.
"Because of union contracts and tenure protections in place when he began the job, it was 'virtually impossible to remove a teacher charged with incompetence,' he writes. Firing a teacher 'took an average of almost two and a half years and cost the city over $300,000.'
"And the city, like the rest of the country, wasn’t (and still isn’t) managing to lure enough of the best and brightest college graduates into classrooms. 'In the 1990s, college graduates who became elementary-school teachers in America averaged below 1,000 points, out of a total of 1,600, on the math and verbal Scholastic Aptitude Tests,” he writes. In New York, he notes, “the citywide average for all teachers was about 970.'"
So the problem with NYC's schools is that unions make it "virtually impossible" to fire bad teachers? If this is the big problem with our schools then we should expect places like Mississippi, Arkansas, and Texas to be the models of good education since teachers unions are relatively rare and certainly much less powerful than in New York City. Perhaps Klein has a chapter touting the success of public education in union-free areas, but I doubt he has much data to support such claims.
Of course if we look internationally, the best education outcomes on standardized tests are typically found in countries like Finland, where unionization of teachers is close to universal. One of the factors that might explain their success in education relative to the United States is that teachers are paid more relative to other professions. The ratio between the average pay of a doctor and a teacher in these countries is something closer to 2 to 1 rather than the 5 to 1 in the United States. And, they don't have a bloated financial sector where good performers can easily make 10-20 times the pay of an average teacher.
Dean Baker / October 29, 2014
Article Artículo
Does the OECD Think That the South Should Rise Again?John Schmitt and / October 28, 2014
Article Artículo
Stop Pretending Population Doesn't Matter for the EnvironmentDean Baker / October 28, 2014
Article Artículo
No Room for Unemployment In NYT Debate on Fed Policy and InequalityDean Baker / October 28, 2014
Article Artículo
Fears of Bubbles on Wall StreetDean Baker
October 28, 2014, The Hankyoreh
Dean Baker / October 28, 2014
Article Artículo
Democrats Run Away from Success of 'Obamacare'Dean Baker
October 28, 2014, Al Jazeera America
Dean Baker / October 28, 2014
Article Artículo
IMF 63 år – dags för förtidspension?12 April 2007, Mark Weisbrot
På engelska | På spanska
CEPR / October 27, 2014
Article Artículo
La verità sul Venezuela: Una rivolta dei ricchi, non una " campagna di terrore"Mark Weisbrot
The Guardian, 20 marzo 2014
Colsi la prima mela (blog), 22 marzo 2014
La Jornada, 30 marzo 2014
CEPR / October 27, 2014
Article Artículo
Sud America risponde colpo di Stato in ParaguayMark Weisbrot
The Guardian Unlimited, 22 giugno 2012
In inglese | In spagnolo | In portoghese
CEPR / October 27, 2014
Article Artículo
Cattivi Samaritani: Il mito del libero mercato e l'economia mondialeda Ha-Joon Chang
EGEA (2008)
CEPR / October 27, 2014
Article Artículo
Περισσότερος πόνος – κανένα όφελος για την Ελλάδα από τη συμφωνίαCEPR / October 27, 2014
Article Artículo
Veisbrots: Latvijas piem?rs eirozonas kr?zes risin?šan? ir apšaub?msCEPR / October 27, 2014
Article Artículo
The Ebola Vaccine, Traffic Congestion, and Global WarmingDean Baker / October 27, 2014