KingoftheCoast
@kingofthecoastt
👑🌊🇺🇸 Bourgeois
Neat: Nulls and small effects on child outcomes from giving parents relatively substantial amounts of cash.
🚨 New NBER working paper: "The Impact of Unconditional Cash Transfers on Parenting and Children" This paper estimates the effects of receiving a $1,000/month guaranteed income for 3 years, compared to a control group receiving $50/month, on children and parents in the US. 1/
If your CEO folds like a deck of cards when he is caught in 4k with his side hoe your company is not going to make it through the recession
"Is Singapore *democratic* socialism?" seems like the more interesting argument to me.
If you define socialism as the state control of the means of production… Singapore is a socialist country. 18% GDP in public spending 37% GDP from SOEs 90% land owned by the state 80% living in social housing It’s socialism with McKinsey characteristics
(Whether 3 is a welfare-improving correction, or just a wasteful handout to favored interest groups, is for you to decide) papers.ssrn.com/sol3/papers.cf…