This Report is about Reforming pensions in China, Chile and elsewhere.

This bold, imaginative book advances an entirely new theory of voters’ behavior.The starting point for this theory is that individuals are endowed with a set of beliefs, ora worldview, and derive psychological benefits from acting in accordance with these beliefs.However, the beliefs of most...

Central bank policymakers are not primarilyrandom number generators.1 Reading boththe financial press and the work of academics,however, one might get the opposite impression.Reporters (and the readers of their stories) seem toattach considerable importance to each Federal OpenMarket Committee...

Wie lassen sich die moderaten Veränderungen der Aktienkurse in Deutschland Ende 2006bis Frühjahr 2007 nach Bekanntgabe der definitiven Parameter zur Unternehmenssteuerreform2008/2009 erklären, wo doch auf Unternehmensebene erhebliche Absenkungen derUnternehmenssteuersätze und damit -c.p.!-...

[...]Diet discussions produced two significant piecesof legislation: the Law Concerning Emergency Measuresfor the Reconstruction of the Functions of the FinancialSystem, and the Financial Function Early Restoration Law.An outline of these laws is shown in Figure 1. The LawConcerning Emergency...

[...]The main conclusion from this review is that thewidely held belief that American schools have failed—thatthey are performing worse today than they have in the past,that a high school degree is no longer valuable, and thatadditional resources yield no benefits in the current system—is...

[...]The purpose of this paper is to answer threerelated questions. First, what general facts can we learn byexamining the traditional forms of school choice in theUnited States? In particular, we need to understand thegeneral relationship between school choice and five factors:(1) student...

[...]In this paper, I review the three existing studies ofthe effects of the choice schools on student achievement.Two of the studies report significant gains in math forthe choice students and two report no significant effectsin reading. I also extend the analysis to compare theachievement of...

[...]The central point is simple: far and away themost important determinant of how quickly studentslearn is the effort of students themselves. It follows thatan increase in schools’ expectations of students couldhave important effects on the quality of public schooling.By establishing a...