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131. Insuring America's Workers in a New Era of Offshoring

Author:
Robert E. Litan, Nicholas Warren, and Lael Brainard
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
With a new wave of white-collar offshoring coming fast on the heels of accelerated job losses in manufacturing, an ever-broader pool of American workers is finding that the nation's safety net has more holes than netting. The nation can and must do more to help insure the livelihoods of American workers in the face of structural shifts of whatever form, while preserving the benefits of an open and innovative economy. With technological change and offshoring accelerating job turnover and the pace at which workers' job-specific skills lose value, the time has come for the federal government to strengthen the existing safety net.
Topic:
Economics, Government, Human Welfare, and Poverty
Political Geography:
America

132. Can the U.S. Government Live Within Its Means? Lessons from Abroad

Author:
Allen Schick
Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
When George W. Bush leaves office in 2009, the federal government will owe at least $15,000 more for every American than it did when he became president eight years earlier. This unprecedented build-up of public debt will result from budget deficits projected to average more than $250 billion a year during the Bush presidency, plus more than one trillion dollars borrowed from social security trust funds. Although this budget projection may be high, there is far greater risk that actual deficits will exceed current estimates than that they will be lower.
Topic:
International Relations, Economics, and Government
Political Geography:
United States

133. Individual Development Accounts: Policies to Build Savings and Assets for the Poor

Author:
Ray Boshara
Publication Date:
03-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Individual Development Accounts (IDAs)—matched savings accounts for low-income households—are a relatively new means of improving the lives of the poor. Advocates of IDAs argue that those with assets are more economically secure, have more options in life, and can pass on status and opportunities to future generations. They further argue that assets have positive social, psychological, and civic effects that are independent of the effects of income. Over the last decade, research and demonstration projects have been initiated to address these claims; some of the key findings are that IDAs do lead the poor to save or acquire assets, but do not necessarily increase their net worth (assets minus debt). While costs are declining, IDAs are expensive to administer and are often used by the poor as checking and savings accounts as well as a means to accumulate wealth, reflecting in part the dearth of savings products aimed at the poor.
Topic:
Foreign Policy, Development, Economics, and Government

134. Thinking About Political Polarization

Author:
Pietro S. Nivola
Publication Date:
01-2005
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
American politics are said to have become bitterly polarized. Journalistic accounts speak frequently of culture wars, and of a chasm between "red" and "blue" states. The defining issue in last November's tightly contested election was reported to be a deep divide over something called "moral values." Senator John F. Kerry's defeat was imputed to his party's alleged deficit in moralists. George W. Bush's victory was attributed to a mobilization of religious zealots. The passions and polemics of maximalists, we are told, are crowding out the preferences of moderates. The country's traditions of pragmatic accommodation and centrist policymaking are supposedly at risk in this hardened political landscape.
Topic:
Foreign Policy, Economics, Government, and Politics

135. Homes for an Inclusive City: A Comprehensive Housing Strategy for Washington, D. C.

Publication Date:
06-2004
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The growth and movement of jobs and population in the Washington, DC metropolitan area and the persistence of the booming housing market in the city have created both a crisis of affordability and an opportunity to strengthen and rebuild portions of the District of Columbia.
Topic:
Civil Society, Economics, Government, and Human Welfare
Political Geography:
Washington and Colombia

136. The Role of Perceived Opportunity in Fertility Choice: Evidence from Latin America

Author:
Louise C. Keely and Margaret MacLeod
Publication Date:
06-2004
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
We hypothesize that the perceived returns to human capital and to income uncertainty are important determinants of recent cross-sectional variation in Latin American fertility. An empirical study of cross-country individual level data supports the hypothesis. In particular, we find that a higher perceived return to human capital and higher income uncertainty both lead to higher fertility, all else equal. We interpret the evidence to suggest that increasing economic opportunity in Latin America should be accompanied by institutions that provide social protection in order to promote further decreases in fertility toward the replacement rate.
Topic:
Economics, Gender Issues, and Human Welfare
Political Geography:
South America, Latin America, Central America, and Caribbean

137. Well Being and Unemployment in Russian in the 1990's: Can Society's Suffering Be Individuals' Solace?

Author:
Andrew; Gaddy Eggers
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
This paper studies the effect of regional unemployment rates on subjective well-being in post-Soviet Russia. Research conducted in Europe and the United States has documented that higher unemployment rates lead to lower reported life-satisfaction. By contrast, our Russian study finds a small but significant effect in the other direction. We estimate that du ring the period of our study (1995-2001), each percentage point increase in the local unemployment rate was correlated with the average well-being of people in the region increasing by an amount equivalent to moving 2% of the population up one level in life satisfaction measured on a five-point scale. Our intuition is that the so-called comparison effect drives this result: when individuals observe their peers suffering in a troubled economy, they lower their standards of what is good enough. All else equal, they thus perceive themselves to be better off in worse times. In highlighting the dependence of subjective well-being scores on expectations and reference groups, we sound a note of caution against using happiness data from economies in crisis to draw macroeconomic policy conclusions.
Topic:
Economics and Human Welfare
Political Geography:
Russia, United States, Europe, Asia, and Soviet Union

138. The Challenge of Achieving High Work Participation Rates in Welfare Programs

Author:
LaDonna Pavetti
Publication Date:
10-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Efforts to reform the welfare system over the last two decades have largely focused on reducing welfare dependency by getting welfare recipients to work. By the time the Temporary Assistance for Needy Families (TANF) program was created by the welfare reform law of 1996, there was widespread agreement in the states that welfare recipients should be required to look for work and to do so shortly after (or even before) they began receiving cash assistance. Once TANF was implemented, work became a central focus of local welfare offices. However, as shown by the recent debates on the reauthorization, consensus on work requirements remains elusive.
Topic:
Economics, Government, Human Welfare, and Poverty

139. Financial Access for Immigrants: Learning from Diverse Perspectives

Author:
Audrey Singer and Anna Paulson
Publication Date:
10-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
Policymakers and academics are now catching up to financial institutions in their desire to understand how and why immigrants use U.S. financial markets. “Financial Access for Immigrants: Learning from Diverse Perspectives,” a conference co-sponsored by the Brookings Metropolitan Policy Program formerly the Center on Urban and Metropolitan Policy) and the Federal Reserve Bank of Chicago, was held at the Chicago Fed on April 15-16, 2004. It included presentations from scholars and practitioners who discussed recent research on the financial practices of immigrants as well as the practical experiences of for-profit and nonprofit institutions working to provide financial services to the immigrant community.
Topic:
Economics, International Trade and Finance, and Migration
Political Geography:
United States and Chicago

140. Law of the Sea Convention: Should the U.S. Join?

Author:
David B. Sandalow
Publication Date:
08-2004
Content Type:
Policy Brief
Institution:
The Brookings Institution
Abstract:
The United States has vital interests in the oceans. U.S. national security depends on naval mobility. U.S. prosperity depends on underwater energy resources. Ocean fisheries help feed the United States and much of the world. On February 25, 2004, the Senate Foreign Relations Committee unanimously recommended that the United States accede to the Law of the Sea Convention, which sets forth a comprehensive framework of rules for governing the oceans. The recommendation followed two hearings in which the committee heard testimony supporting the Convention from the Bush administration, the armed services, ocean industries, and environmental groups, among others. Following the favorable report from Foreign Relations, other congressional committees held hearings at which several lawmakers raised concerns about the treaty. The United States should promptly join the Law of the Sea Convention. Doing so would help protect U.S. national security, advance U.S. economic interests, and protect the marine environment. Prompt action is needed to ensure that the United States is a party by November 2004, when the Convention is open to amendment for the first time.
Topic:
Economics and International Law
Political Geography:
United States