Economics is a discipline concerned with the consumption, production, and transfer of wealth by and among individuals (microeconomics) and communities or nations (macroeconomics); subspecialties range from economic development and planning to health economics and international economic relations. RAND's many economists contribute to multidisciplinary research projects by exploring the intersections where economics informs social, military, and governmental policy decisions.

  • The bones of a bowhead whale, a food source and cultural icon of the native Inupiat peoples who have lived in Alaska for centuries


    It's Getting Harder and Harder to Live on Top of the World

    In September, a relatively new kind of storm, made possible due to larger swaths of ice-free Arctic Ocean, battered Barrow, Alaska, washing away chunks of coastline, threatening businesses, houses, and the freshwater supply. While mitigation efforts are necessary on a macro level, adaptation measures are needed now for such Arctic communities.

    Nov 30, 2015

  • An elderly person's hands on a doctor's desk next to a stethoscope


    What Happens If the ACA's Tax Credits Are Replaced with Premium Support?

    As policymakers consider alternatives to reduce the federal government's financial burden from providing subsidies under the ACA, they should consider the consequences for enrollees. Existing premium-support models yield considerable savings for the federal government but could create age and income disparities in coverage.

    Nov 24, 2015

  • Journal Article

    Learning for the NHS on Procurement and Supply Chain Management: A Rapid Evidence Assessment

    Principally drawing on a rapid evidence assessment (REA), we sought to (1) describe approaches to procurement and SCM in selected areas and (2) identify best practices that may inform procurement and SCM in the NHS.

    Nov 24, 2015

  • Report

    The Costs of the Israeli-Palestinian Conflict: Executive Summary: (Arabic translation)

    An Arabic translation of a study‘s executive summary estimating the net costs and benefits if the long-standing conflict between Israelis and Palestinians follows its current trajectory over the next ten years, relative to five other trajectories.

    Nov 23, 2015

  • Report

    The Costs of the Israeli-Palestinian Conflict: Executive Summary: (Hebrew translation)

    A Hebrew translation of an executive summary of a study estimating the net costs and benefits if the long-standing conflict between Israelis and Palestinians follows its current trajectory over the next ten years, relative to five other trajectories.

    Nov 23, 2015

  • Journal Article

    Conditional Cash Transfers, Civil Conflict and Insurgent Influence: Experimental Evidence from the Philippines

    This study estimates the effect of conditional cash transfers on civil conflict in the Philippines by exploiting an experiment that randomly assigned eligibility for a CCT program at the village level.

    Nov 18, 2015

  • Henry Rowen giving a briefing at RAND on the future of China, June 14, 2007


    Henry S. Rowen, Second President of RAND, Dies at 90

    Henry “Harry” S. Rowen, who as the second president of the RAND Corporation oversaw the creation of its graduate school and extended RAND's reach into domestic policy in the 1970s, has died.

    Nov 16, 2015

  • Report

    Quality of Life Indicators and Policy Strategies to Advance Sustainability in the Pearl River Delta

    Proposes a system of quality of life indicators and identifies policy options to improve quality of life in the Pearl River Delta, a region of Guangdong Province in southeastern China.

    Nov 6, 2015

  • A money changer displays U.S. and Iranian banknotes at the Grand Bazaar in central Tehran, October 7, 2015


    Unlocking Iran's Economy

    While Rouhani and his team want Iran's gradual opening, reactionary forces aligned with Supreme Leader Ayatollah Ali Khamenei, much of the security establishment, and the clergy are likely to stand guard against “anti-revolutionary” tendencies and policies.

    Nov 2, 2015

  • Traders work on the floor of the New York Stock Exchange after an announcement by the Federal Reserve, October 28, 2015


    Zero Interest, Greater Inequality?

    Low interest rates mandated by the Federal Reserve may have had and possibly continue to have adverse effects on income inequality. Those who argue for continuing near-zero short-term interest rate policy should be cognizant of this.

    Nov 2, 2015

  • A boy makes pastry at a shop in Darkush town, Idlib countryside, Syria, May 26, 2013

    Journal Article

    The Private Sector and Youth Skills and Employment Programs in Low- and Middle-Income Countries

    This report examines the involvement of the private sector in youth skills and employment in low- and middle-income countries.

    Oct 22, 2015

  • People shopping at the electronic market outside The SEG Plaza, a skyscraper named after the Shenzhen Electronics Group, in Shenzhen, China, February 1, 2015


    How Do China's Philosophies Shape Its Policies?

    Outwardly, China is promoting a “new type of great power relations” between itself and the U.S., and a “community of shared interests” within Asia. Inwardly, it is guided by the “Chinese Dream,” a vision for increased prosperity, greater social stability, and a higher quality of life for its people.

    Oct 20, 2015

  • Staff raise Pakistan's flag in front of the Great Hall of the People ahead of a welcome ceremony for Pakistan's Prime Minister Nawaz Sharif in Beijing, July 5, 2013


    Pakistan and China's Almost Alliance

    Policymakers in the United States and throughout Asia should take note of why the Sino-Pakistani relationship has endured for so long, what each partner gets from the other, and what inherent limitations prevent the union from developing into a true alliance.

    Oct 16, 2015

  • Laborers carry bricks at a brick factory on the outskirts of Agartala, India, January 7, 2015


    Attacking Poverty Through Employability Interventions

    The UN's goal to end poverty is a worthy undertaking but less clear to policymakers is what the most efficient options are to reduce poverty through employment or training. An analysis of efforts in South Asia finds that investments in interventions that combine business training with financing could yield positive results.

    Oct 16, 2015

  • Two Indian men working in a textile shop


    Taking Stock of Employment Interventions in South Asia

    While the number has declined over recent decades, estimates of global poverty remain high. Employment is crucial to lift people out of poverty. A review of the most prominent employment interventions in South Asia could provide guidance for future efforts to increase employment.

    Oct 14, 2015

  • 20151013-robert-shiller-lecture


    Nobel Prize-Winning Economist Robert Shiller Speaks at Pardee RAND

    Pardee RAND welcomed American Nobel laureate and economist Robert Shiller as part of the Charles Wolf, Jr., Endowed Lecture Series. Shiller was awarded the 2013 Nobel Prize in Economic Sciences, together with Eugene Fama and Lars Peter Hansen of the University of Chicago, for their empirical analysis of asset prices.

    Oct 13, 2015

  • An Airbus A321 being assembled at the new Airbus U.S. Manufacturing Facility in Mobile, Alabama, September 13, 2015


    The Prospective Impact of Airbus Industries on Mobile

    Austal USA's operations in Mobile, Alabama have benefited the broader region. Similarly, Airbus's hiring should have a net favorable impact on the region's economy, since the area does not appear to be at or near full employment.

    Oct 10, 2015

  • Colleagues discussing ideas


    Do Young 'Elites' Favor Income Redistribution?

    Young “elites” — employed Americans who are 40 or younger, with high household incomes and graduate degrees — and especially Democratic elites have a strong preference for income redistribution.

    Oct 8, 2015

  • Woman using a digital tablet with an elderly man


    Bridging the Global Age Gap

    The Trans-Pacific Partnership offers hope for balancing the world's rapidly aging with its jobless youth. As long-term care for the elderly becomes a pressing need in many developed countries, services such as monitoring and reminding people to take their medications could be provided remotely from countries with an abundance of younger workers.

    Oct 8, 2015

  • Investors watch stock information at a brokerage house in Hangzhou, Zhejiang province, August 25, 2015


    China's Currency

    Much of the worry in the United States and elsewhere about China's currency “manipulation” is overblown because a less restricted yuan would more likely be overvalued than undervalued, thereby adversely affecting Chinese trade and exports.

    Sep 28, 2015