…of household balance sheets during the global financial crisis, and the economic consequences of the massive decline in household wealth. Larry Summers has praised the authors’ contribution to our understanding…

…wait till all are served before they’ll eat. They turn up at prayer services.  . . .  They potentially could make an enormous contribution to this country if we can…

…an exogenous increase in the variance of entrepreneurs’ ability. The model fits GDP. The new contribution is an effort to explain the small decline of inflation and absence of deflation….

…paying for their own Social Security benefit, and their Social Security contribution represents an “asset” worth about $400,000 in today’s terms. As for the “political viability,” I think it is…

…would be more equitable to balance Social Security finances by raising the contribution rate for future workers than by reducing benefits for future retirees. Future workers could afford to pay…

…no pension at all, 31% have been stuck with a defined-contribution plan (401-k, 403-b, etc.), and only 20% have a true pension. Since the 1980s, workers have been transitioned off…

…at all. Quantities and amounts are indicated in Graunt’s text by the word “number.” There has been some conjecture regarding the extent of William Petty’s contribution to Graunt’s book. In…

…Greece. The IMF, as part of a “troika” with the European Commission and the European Central Bank, participated in a loan arrangement in May 2010. The IMF’s contribution consisted of…

…executives more incentive to push for large wage increases and exploit the large uncertainty regarding their individual contribution to corporate success. Fourth and most obviously, r>g* is no historical necessity,…

…households spending less than they “earn” — contributes a remarkably small amount to increasing household net worth. And that contribution has shrunk a lot since the 90s. The accounting explanation…