This report considers a proposal to reinstate the New York stock transfer tax (STT)that was phased out between 1979 and 1981. The proposal under consideration would reinstate the tax at half the rate that prevailed at the time of its repeal. The revenues from such a tax, at around $3.5 billion...

Certains économistes mettent le coût excessif du travail sur le compte d?une stagnation du nombre d?emplois productifs dans les pays à faible revenu. C?est la thèse qu?avance un document de la Banque Mondiale publié en 2005 intitulé Jobs in Kenya: Concept Note (Les emplois au Kenya :...

Algunos economistas culpan a los altos costos de mano de obra por la falta de crecimiento de trabajo productivo en países de bajos ingresos. Por ejemplo, un artículo del Banco Mundial, ?Jobs in Kenya: Concept Note? (Trabajos en Kenia: Nota Conceptual), pone énfasis a esta explicación. Pero,...

In this report examining the U.S. chemical industry, James Heintz shows that a shift to the production of chemicals that are safer for workers, the environment and human health can create jobs and new markets. The chemical industry has shed 300,000 jobs since 1992, and has under-invested in...

Pollin and Heintz examine the factors contributing to the recent run up in gas prices for consumers. They find that to a significant extent, this is the result of the economy moving out of a deep recession, into a recovery, which has increased the demand for gasoline. But a major additional...

This Research Brief reviews the available recent evidence on trading costs and trading “elasticities” in U.S. financial markets and elsewhere, in order to inform ongoing discussions as to the viability of establishing a financial transaction tax (FTT) for U.S. financial markets....

Robert Pollin, James Heintz, Heidi Garrett-Peltier and Jeannette Wicks-Lim show that since 2009, U.S. commercial banks and large nonfinancial corporations have been carrying huge cash hoards and other liquid assets, totaling $1.4 trillion. Small businesses, by contrast, have been locked out of...

Alguns economistas culpam os excessivos custos do trabalho pela falta de crescimento dos empregos produtivos nos países de baixa renda. Por exemplo, um artigo de 2005 do Banco Mundial, intitulado ?Jobs in Kenia: Concept Note? (Empregos no Quênia: Notas Conceituais) dá primordial ênfase à...