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    Forget The Wealth Effect

    In Short

    Forget The Wealth Effect

    The “wealth effect” concept is remarkably simple: spending increases (decreases) as perceived wealth increases (decreases). When people perc

    Looking Back at the Financial Crisis

    In Short

    Looking Back at the Financial Crisis

    Given all of the time and money spent looking at the banking crisis, it is striking how little agreement there is today on the causes.

    Beyond the Low-Wage Social Contract
    NSC beyond low wage

    Report / In Depth

    Beyond the Low-Wage Social Contract

    By “low-wage social contract” we mean an economic system that not only assumes but also accepts that many jobs in the U.S. will pay poorly.