Equity impacts of price policies to promote healthy behaviours

by Franco Sassi, Annalisa Belloni, Andrew J. Mirelman, Marc Suhrcke, Alastair Thomas, Nisreen Salti et al.
April, 2018

Governments can use fiscal policies to regulate the prices and consumption of potentially unhealthy products. However, policies aimed at reducing consumption by increasing prices, for example by taxation, might impose an unfair financial burden on low-income households. We used data from household expenditure surveys to estimate patterns of expenditure on potentially unhealthy products by socioeconomic … Continued

The Lack of Wage Growth and the Falling NAIRU

by David N.F. Bell, David G. Blanchflower
April, 2018

There remains a puzzle around the world over why wage growth is so benign given the unemployment rate has returned to pre-recession levels. It is our contention that a considerable part of the explanation is the rise in underemployment which rose in the Great Recession but has not returned to pre-recession levels even though the … Continued

Inequality in old age cognition across the world

by Javier Olivera, Francesco Andreoli, Anja K. Leist, Louis Chauvel
March, 2018

Although cohort and country differences in average cognitive levels are well established, identifying the degree and determinants of inequalities in old age cognitive functioning could guide public health and policymaking efforts. We use all publicly available and representative old age surveys with comparable information to assess inequalities of cognitive functioning for six distinctive age groups … Continued

Cross-border trade & supply chain linkages report

by Martina Lawless, Zuzanna Studnicka
March, 2018

This paper examines the patterns of cross-border trade on the island of Ireland, focusing on the role of supply chain links, measured by the extent of trade in intermediate products and the contribution to overall trade of two-way trading firms (those simultaneously importing and exporting). We use detailed firm-level trade records to examine the composition, specialisation and dynamism of trading firms. … Continued

The Household Fallacy

by Roger Farmer, Pawel Zabczyk
March, 2018

We refer to the idea that government must ‘tighten its belt’ as a necessary policy response to higher indebtedness as the household fallacy. We provide a reason to be skeptical of this claim that holds even if the economy always operates at full employment and all markets clear. Our argument rests on the fact that, … Continued

Dynamic Currency Conversion and Consumer Protection: Finding the right rules

by Sylvain Bouyon, Simon Krause
March, 2018

The growing choice of payment services should be good news for consumers, but only if they have complete information about the products being sold and the prices charged by each firm. Several policy options are under discussion for better regulation of the dynamic currency conversion (DCC) payment service, each of which offers specific advantages but … Continued