"Using data from the Current Population Survey, Closing the Deficit explores the historical trajectory of retirement and the labor force participation rate of older men and women. Brookings economists Henry Aaron and Gary Burtless join with renowned colleagues to examine the imp…
Americans over age 60 have increasingly delayed their withdrawal from the workforce, a reversal of a century-old trend toward early retirement. For instance, from 1991 to 2010, the employment rate increased by more than half among 68-year-old men and by about two-thirds among wo…
In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control.
In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control.
David Wessel dissects the federal budget: a topic that is fiercely debated today in the halls of Congress and the media, and yet is misunderstood by the American public. Now a New York Times bestseller. In a sweeping narrative about the people and the politics behind the budget,…
In a sweeping narrative about the people and the politics behind the budget, Wessel looks at the 2011 fiscal year (which ended September 30) to see where all the money was actually spent, and why the budget process has grown wildly out of control. In a narrative about the peopl…
This book considers the implications for the dynamics of the exchange rate and private financial wealth. In a model in which fiscal imbalances are allowed to change the level of domestic public indebtedness. The analysis raises the possibility of an initial appreciation followed…
Discussions of macroeconomic policy often focus on changes in the budget deficit. A low budget deficit is one of the criteria for admission to the EMU. But some combinations of fiscal measures having a given effect on the budget deficit can have damaging effects on the principal…
This book argues that making the budget deficit a target of policy can make it harder for governments to work towards all the main macroeconomic objectives - low inflation, high employment and the level of net national wealth (including the current account). It shows how differ…
