Public Pension Crisis in OECD Countries

The central aim of my bachelor’s thesis is to demonstrate the unsustainability of public pension system in OECD countries in the longer run through the lens of a rigorous theoretical and empirical analysis.

The origins of contemporary public pension schemes date back to 19th century when Bismarck Germany in 1881 first adopted a universal . . . → Read More: Public Pension Crisis in OECD Countries

How Should We Respond to a Small Risk of Catastrophe?

I try to remember to pay house insurance premiums. Otherwise, I tend to avoid thinking about small risks of catastrophe. There are plenty of other things to worry about.

This avoidance strategy usually helps me to maintain a positive state of mind until someone manages to ambush me with the thought of how dreadful . . . → Read More: How Should We Respond to a Small Risk of Catastrophe?

Economic Events on November 1, 2010

At 8:30 AM EDT, the monthly Personal Income and Outlays report for September will be released.  The consensus for Personal Income is an increase of 0.3% over the previous month,  the consensus Consumer Spending index change is an increase of 0.4% and the consensus Core PCE price index change is an increase of 0.1%.

. . . → Read More: Economic Events on November 1, 2010