Economics

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Economics

 
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Anderson MBA consultants researched Southeast Asia “fragile zones” for greater foreign investment
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Impact investor Bobby Turner calls himself a "recovering capitalist"
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The Greek Referendum and the psychology behind socioeconomic suicide.
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Greek truth-ology: Some sobering lessons from the Greek financial tragedy
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How wide is the L.A. wage gap and what side are you on?

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Plow vs. hoe: Farming practices and the evolution of gender inequality in the workplace.
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Why America doesn’t want China in the TPP and why China doesn’t care.
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To raise or not to raise: How increasing the minimum wage will affect the local economy.
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Human capital: How rich is your city?

Find your worth or the worth of your city using this handy human capital index, which measures each metropolitan area and each country across the nation — based on education.

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It’s Upton Sinclair all over again.

Why growing concerns over food safety lead more Chinese to order “American.”

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Paola Giuliano on the value-forming years

Why the Great Recession's "lost generation" may be lost to the right wing.

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Does success in life depend more on luck than on effort?

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How California’s Prop 30 makes us more dependent on the rich
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Not to burst your bubble: L.A. real estate is not in a bubble.
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Economists as storytellers: Why influence requires imagination as well as persuasion.

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Just a little bit scary: Sebastian Edwards discusses the "currency wars"

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What's Next

 
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UCLA Receives $570,000 Grant

The Regents of the University of California received a $570,000 grant to conduct a study that will evaluate the effects of the higher minimum wage ordinance in the Los Angeles metropolitan region. The research initiative will be led by Edward Leamer, UCLA Anderson School of Management Distinguished Professor, Chauncey J. Medberry Chair in Management and UCLA Anderson Forecast director. Leamer will collaborate with Drs. Till von Wachter and Frederick Zimmerman, faculty members from the Department of Economics and School of Public Health at UCLA, and Jerry Nickelsburg of UCLA Anderson.

While increases in minimum wages are occurring in many locations, the Los Angeles experiment could be one of the most informative, since the city has an unusually large share of geographically concentrated low-wage workers. The the legislated increases in the minimum wage are projected to cover a greater fraction of workers here than in any other jurisdiction, and there are abundant locations near the city where jobs might go. The research will study the impact of the local minimum wage increase on a broad set of effects, including wage and employment levels, but also product prices and health outcomes.