How the expanded child tax credit is helping families
American households making less than $50,000 are more likely than higher-earning families to spend the expanded child tax credit on essential expenses and tutors for their children, found a survey from the Social Policy Institute at Washington University.
A novel way to learn business
In the course “Morality and Markets,” students gain new perspectives on real-life business situations through fiction.
Crisis or momentary blip? Explaining inflation concern
Although most likely temporary, inflation expectations could become self-fulfilling prophesy, according to John Horn, professor of practice in economics at Olin Business School.
Researchers keep international COVID-19 projects moving forward
Despite the pandemic, Washington University researchers collaborating with international colleagues continue to innovate and move their research forward.
Black and Hispanic women, less educated workers among those hardest hit by COVID-19 job losses
The current recession created by the COVID-19 pandemic has especially impacted women — particularly Black and Hispanic women — and less educated workers, magnifying existing U.S. employment inequality, according to new research from Washington University in St. Louis.
Breaking down the American Rescue Plan
The American Rescue Plan is a remarkable effort to jump-start the U.S. economy — unprecedented in scale outside of major wars — and will lead to very fast growth of the U.S. economy over the next year, according to Steven Fazzari, director of the Weidenbaum Center on the Economy, Government and Public Policy.
You’re Paid What You’re Worth
And Other Myths of the Modern Economy
Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. […]
New podcast explores democracy
Now more than ever, it’s important to understand issues from different perspectives. The American Democracy Lab podcast aims to do just that.
Price is ripe: Study finds increase in menu prices means decrease in restaurant ratings
Businesses beware: A price increase for carryout or delivery food means an increase in negative reviews — and a downturn in restaurant reputation, if not demand. And it’s notable that in these COVID-19 pandemic times, an exponential amount of business is being conducted via carryout or delivery. A pair of business researchers, from Washington University […]
This is not the time to raise federal minimum wage
Radhakrishnan Gopalan, professor of finance at the Olin Business School at Washington University in St. Louis, says President Joe Biden’s plan to raise the federal minimum wage to $15 per hour is too aggressive. His research shows raising the minimum wage now could slow job growth.
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