Public Economy

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.

  • A European flag superimposed over euro banknotes

    Blog

    The Not-So-Full-Monti: Will More 'Europe' Lead to More Trade in the Internal Market?

    Even though the internal market for goods is at a relatively advanced stage, there remains an untapped potential in the longer term. Barriers and regulatory obstacles continue to hinder the free movement of goods in the EU.

    Oct 28, 2014

  • News Release

    Cost of Informal Caregiving for U.S. Elderly Is $522 Billion Annually

    The price tag for informal caregiving of elderly people by friends and relatives in the U.S. comes to $522 billion a year. Replacing that care with unskilled paid care at minimum wage would cost $221 billion, while replacing it with skilled nursing care would cost $642 billion annually.

    Oct 27, 2014

  • News conference on new STEM initiative in Appalachia Region in Pittsburgh, October 21, 2014

    Blog

    RAND to Evaluate New STEM Initiative in Appalachia Region

    RAND will provide research and analysis for a multiyear, multimillion-dollar investment by Chevron in science, technology, engineering and mathematics (STEM) K-12 education and energy-sector workforce development training in the Appalachia region.

    Oct 21, 2014

  • A hand with a calculator against various European bills

    Report

    Lack of Complete European Integration Costs Countries, EU

    The removal of existing barriers to foreign direct direct investment and non-tariff trade barriers within the European Union could boost total intra-EU merchandise exports up to 7 per cent in the long-term. These effects would vary by Member State, and by sector of the internal market.

    Oct 21, 2014

  • A scholar with a book and glasses

    Blog

    James Dobbins and Katherine Kahn Receive Distinguished Chairs

    RAND Distinguished Chairs are researchers recognized for distinction in their field and for groundbreaking efforts to solve some of the world's most challenging problems. Michael Rich, RAND's president and CEO, has just appointed two new distinguished chairs: James Dobbins as Distinguished Chair in Diplomacy and Security and Katherine Kahn as Distinguished Chair in Health Care Delivery Measurement and Evaluation.

    Oct 20, 2014

  • Oil barrels under a clear, blue sky

    Blog

    The Upside of Lower Oil Prices

    Movement toward sharply lower oil prices should be a prominent component of any strategy directed at disabling many of the world's most disruptive threats: Iran's nuclear development, ISIS, Hamas attacks on Israel, and Russia's threat to Ukraine.

    Oct 17, 2014

  • World Bank staff share their definitions of "A Good Job"

    Blog

    Solutions for Youth Employment: New Coalition Takes on Pervasive, Persistent Global Problem

    Youth unemployment is a pervasive and persistent worldwide scourge: 75 million youth are unemployed now and that rate is expected to rise. RAND joined the World Bank, Accenture, International Youth Foundation, and others to form Solutions for Youth Employment, a unique coalition that acts to increase youth opportunities for productive employment.

    Oct 17, 2014

  • Zimbabwe's President Robert Mugabe and China's Premier Li Keqiang in Beijing on August 26, 2014. Officials say Mugabe is seeking funds to rebuild decaying roads, rail and power facilities, and to help mechanise Zimbabwe's agriculture.

    Blog

    RAND Experts Discuss Chinese Engagement in Africa

    Larry Hanauer and Lyle Morris discussed their recent report, Chinese Engagement in Africa, as part of RAND's China Luncheon Series. They took a comprehensive look at Chinese and African objectives in the political and economic spheres and the means by which they work to achieve their goals.

    Oct 14, 2014

  • Pardee RAND doctoral candidates Nelly Mejia and Crystal Huang with RAND senior economist Peter Glick

    Announcement

    RAND Joins Coalition to Tackle Youth Unemployment

    The RAND Corporation has joined the World Bank and other corporate and civil society leaders to establish Solutions for Youth Employment, a global coalition that acts to address the pervasive challenges of youth employment.

    Oct 9, 2014

  • Top row: Howard Shatz and Jeffrey Hiday; Bottom row: Sarah Weilant, Krishna Kumar, and Peter Glick

    Blog

    RAND Joins Coalition to Tackle Youth Unemployment

    The RAND Corporation has joined the World Bank and other corporate and civil society leaders to establish Solutions for Youth Employment, a global coalition that acts to address the pervasive challenges of youth employment.

    Oct 9, 2014

  • A justice scale with more money on one side than the other

    Blog

    Survey Asks Democrats, Republicans, Should the Government Reduce Income Inequality?

    Today, Democrats are more than six times likelier than Republicans to believe the U.S. government should play a role in reducing income inequality. This is not due to differences in age, gender, education, or income distributions among the two parties.

    Oct 9, 2014

  • Report

    The Political Sustainability of Carbon Control Policies in an Evolutionary Economics Setting

    Analyzes the long term coevolution of market structures, technological change and government institutions.

    Sep 29, 2014

  • People walking near the Red Square and St. Basil's Cathedral in Moscow, Russia

    Blog

    One Day in the Life of Russia

    Russia faces major challenges, some self-inflicted. Freedoms vital to the creation of a modern civil society are declining. Dominant, state-controlled energy and aerospace companies are losing ground, weakening a strained economy.

    Sep 23, 2014

  • black doctor and microscope

    Project

    Exploring the Current State of Health Research in Sub-Saharan Africa

    While funding is the key problem, clinical researchers seeking to combat infectious diseases in sub-Saharan Africa cite the lack of policymaker understanding of the importance of their work as a major barrier, above lack of human resources and lack of infrastructure.

    Sep 19, 2014

  • Protestors demonstrate against a lack of housing outside provincial government buildings in central Cape Town, October 30, 2013

    Blog

    How the Poor Can Take Charge to Improve Their Housing

    Public housing projects have been controversial for decades in countries around the world. But an informal settlement in Cape Town, South Africa, could serve as a guide for other countries experimenting with community-driven development, an alternative approach to public housing.

    Sep 19, 2014

  • A girl is tested for malaria at an MSF clinic in Tomping camp, where some 17,000 displaced people who fled their homes are being sheltered by the United Nations, in Juba, South Sudan

    Blog

    Probing the Barriers to Conducting Clinical Research in Sub-Saharan Africa

    Developing clinical research in sub-Saharan Africa requires a more holistic approach that considers not only individuals and institutions concerned with clinical research but also the wider health and research systems in these countries.

    Sep 19, 2014

  • North Korean leader Kim Jong Un gives field guidance at the October 8 Factory in this undated photo released by North Korea's Korean Central News Agency in Pyongyang August 31, 2014

    Blog

    What Does North Korea Want?

    Currently, three U.S. citizens — Matthew Todd Miller, Jeffrey Fowle, and Kenneth Bae — are being detained in North Korea. It is likely that North Korea wants someone like a former U.S. president to come to North Korea instead of U.S. Ambassador Bob King, whose visits were cancelled.

    Sep 18, 2014

  • Russia's Prime Minister Medvedev and President Putin attend a meeting with members of the Russian Parliament in Yalta, Crimea, August 14, 2014

    Blog

    Crimean Adventure Will Cost Russia Dearly

    Moscow may have overreached, as it appears ill-prepared to come up with the necessary funds to cover Crimea-related costs. Infrastructure improvements, development aid, government operations, and other costs will be a multi-billion drain — as much as $4.5 billion per year — on Russia's already strained budget.

    Sep 8, 2014

  • U.S. currency wrapped around prescription bottle

    Blog

    The Winding Path to Effective Bundled Payment

    It's not unusual for a demonstration to fall short of its original objectives. Learning from such cases is part of the innovation process. This is especially worthwhile for bundled payment, which has many potential benefits for patients, providers, and payers.

    Aug 29, 2014

  • Birth attendant sitting outside dwelling

    Project

    The Effect of a Ban on Traditional Birth Attendants in Malawi

    RAND is conducting a "natural experiment" in Malawi, where the government banned TBAs in 2007. The study is estimating whether the ban succeeded in shifting women into health facilities, and what impacts the ban had on newborn deaths.

    Aug 25, 2014