Machine generated contents note: I -- EXECUTIVE SUMMARY -- The Panel, 1 -- Findings, 2 -- Key Questions of Interest, 3 -- Evaluation Methods for the Questions of Interest, 7 -- Data for Monitoring and Evaluating Social Welfare Programs, 8 -- 1 INTRODUCTION -- The Panel, 14 -- Policy Background,...

The idea that saving is the force driving private investment and economic growth has become ever more entrenched in mainstream economic thought as well as in the minds of policymakers and the general public. Even though the empirical evidence that increased household saving will directly...

Divided government is often thought of as causing legislative deadlock. I investigate the link between divided government and economic reforms using a novel data set on welfare reforms in US states between 1978 and 2010. Panel data regressions show that under divided government a US state is...