Paul Krugman: WWS594E


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WWS 594E, Economics of the Welfare State: Class 6

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WWS594E, Economics of the Welfare State: Class 5

Notes (pdf).

Readings:

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WWS 594E, Economics of the Welfare State: Class 4

Notes.

Readings:
Ezra Klein, The health of nations
Commonwealth Fund comparison
McKinsey on health care costs
Gruber on the ACA
CBO analysis

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WWS 594E, Economics of the Welfare State: Class # 3
Class notes (pdf).

Readings:
OECD, Pensions at a glance

Check quick summaries for:
France
Also highlights
And US
See presentation
Social security explained

If we have time:
Ezra Klein, The health of nations
Commonwealth Fund comparison

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WWS594E, Economics of the Welfare State: Class #2
Notes (pdf).

About those last two slides: they’re an attempt to briefly summarize the state of play on unemployment benefits and actual unemployment. There is some indication that extended UI has raised the unemployment rate associated with any given inflation rate over the next few years (NAIRU yada yada, I know, but downward nominal rigidity; this is shorthand for taking all that into account — if you don’t know what I’m talking about, consider yourself lucky) In normal times, with the Fed unwilling to let inflation rise, this would translate into higher actual unemployment. But in a liquidity trap, with the Fed unable to hit its targets, it has no effect.

But what happens when the economy emerges from the liquidity trap? At that point extended UI will have gone away.

Readings:

Readings ripped from the headlines:

New York Times on the geography of dependence on the safety net
Aaron Carroll on geography further interpreted
Political geography
Mike Konczal on rising dependency
CBPP on who benefits
National Journal on public opinion

Unemployment insurance:
The data
More data
Effects of UI, Macroadvisers take
Effects of unemployment insurance
US compared with other countries
US compared with other countries, additional

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WWS 594, Economics of the Welfare State, Class #1

Readings:

Feb. 8: Introduction

Social Security Administration, Historical Background,

OECD, “How expensive is the welfare state?”

Brandolini and Smeeding,
Income inequality in richer and OECD countries,

CBPP,
Taking stock of the safety net
Class notes (pdf)

by Paul Krugman, in NY Times
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This entry was posted in “Saltwater” vs “Freshwater”, Macroeconomics, Paul Krugman. Bookmark the permalink.

2 Responses to Paul Krugman: WWS594E

  1. Pingback: WWS594E, Economics of the Welfare State: Class 5 – NYTimes.com « Dr Alf's Blog

  2. Pingback: WWS 594E, Economics of the Welfare State: Class 6 – NYTimes.com « Dr Alf's Blog

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