Economic Policy

Economic policies are the end results of economic planning: the decisions governments make to influence the production, consumption, and sharing of wealth. RAND research has explored economic policies from the local to the international level, including their effects on international trade and foreign relations, their relation to policies focusing on public health and the environment, and their impact on economic growth and recessions.

  • 1040 Tax Form

    Commentary

    Fighting Poverty with Taxes

    As the debate over tax reform continues, finding ways to help the most disadvantaged segment of the population should be considered. Expanding the Earned Income Tax Credit and outreach to low-income populations could increase incentive to file or promote awareness about benefits and generate positive impacts in the longer term.

    Nov 22, 2017

  • Sling load inspector checks the load plan paperwork prior to sling load operations with the 44th Expeditionary Signal Battalion March 22, 2016 at the Grafenwoehr Training Area, Germany

    Commentary

    The Long-Term Budget Shortfall and National Security: A Problem the U.S. Should Stop Avoiding

    Bold promises and even actions that balance the budget for the short term should not mask the fact that the U.S. government has failed to face its long-term budget problems. Without changes, the ability to pay for many functions — including defense — will rely wholly on borrowed money.

    Nov 6, 2017

  • Journal Article

    The Brutal Politics of China's Economic Overhaul: What Xi Can Learn from FDR

    If China succeeds in overcoming vested interests that oppose reform, Xi will have overseen a dramatic transformation of the country's economic and political institutions as well as reconfigured politics in a lasting manner evocative of FDR's impact.

    Oct 11, 2017

  • Journal Article

    In with the Big, Out with the Small: Removing Small-Scale Reservations in India

    Our analysis suggests that the removal of small-scale reservations increased overall employment by encouraging the growth of younger, larger establishments—those that are most likely to pay higher wages, create more investment, be more productive, and generate growth in employment.

    Aug 8, 2017

  • The USS Lassen arrives at a South Korean naval port in Donghae as sailors wave South Korean and U.S. flags, March 9, 2013

    Essay

    Are America's Overseas Security Commitments Worth It?

    A growing debate has called into question U.S. international security commitments and whether their economic value outweighs their costs. Research suggests that the magnitude of the benefits could be substantial.

    Jul 7, 2017

  • Brochure

    Innovating for Answers: Social and Economic Policy Research at RAND

    This publication highlights recent RAND social and economic policy research projects that have produced important new policies, framed issues in new ways, balanced multiple priorities and difficult trade-offs, and prompted meaningful change.

    May 31, 2017

  • News Release

    Unification Could Be Good for North Korea

    While Korean unification is a major issue in South Korea, North Korean propaganda suggests that an ROK-led unification would be a disaster for North Korean elites, using this fear to bind elites closer to the regime and make them more hostile and resistant to ideas of unification. Without changing those views of North Korean elites it is difficult to imagine how peaceful unification could be achieved.

    Apr 27, 2017

  • Hands with South Korean and North Korean flags clasp one another

    Report

    How to Prepare North Korean Elites for Unification

    North Korean propaganda suggests that unification led by the South would be a disaster for Northern elites. Unless the elites are convinced otherwise, peaceful unification may be impossible. What could South Korea do to help them feel better about, or at least less resistant to, unification?

    Apr 27, 2017

  • Report

    The impact of the National Minimum Wage on employment: A meta-analysis

    The report considers the effects of the UK national minimum wage on different labour market sub-groups since 1999. The findings suggest that increases in the national minimum wage had no negative employment effects on the overall UK labour market.

    Apr 20, 2017

  • Empty courtroom with scales of justice

    Commentary

    Discount Justice: Fiscal Austerity and State Courts

    Budget cuts at the state court level can mean courthouse closures, hiring freezes and layoffs, leading to longer wait times for the public. Educating the public about the role and importance of the state courts is key to preventing more budget cuts in the future.

    Apr 18, 2017

  • Dissertation

    Let There Be Light: Green Industrial Policy and Energy Access in India

    Explores the competitiveness of India's domestic manufacturing across the supply chain; barriers and enablers to developing a domestic industry; and the cost of industrial policy support.

    Feb 27, 2017

  • New shoe and old shoe side by side.

    Commentary

    Trends in Inequality and the World's Eight Richest Men

    While Oxfam reports have done a good job of bringing attention to the problem of inequality, they may give the false impression that global inequality has been rising instead of falling. Global inequality has actually been on the decline while inequality within the developed world is increasing.

    Feb 10, 2017

  • Multimedia

    Harvard's Martin Feldstein on "Measuring Real Income Growth and Income Distribution"

    On January 30, 2017, Pardee RAND welcomed Martin Feldstein, the George F. Baker Professor of Economics at Harvard University, as part of the Charles Wolf, Jr., Endowed Lecture Series.

    Jan 30, 2017

  • Report

    Calculating the Gross Regional Product of the Kurdistan Region — Iraq: Arabic translation

    Estimates the gross regional product (GRP) of the Kurdistan Region -- Iraq in 2012 (excluding natural resources) and describes efforts to set up a system for data collection and analysis to support future annual GRP calculation.

    Dec 21, 2016

  • News Release

    China Invests Warily in Middle East

    China endeavors to protect its expanding interests in the Middle East by not taking sides in conflicts and controversies. The United States should encourage China to become more involved in efforts to improve regional stability while reassuring partners of its own commitment to the region.

    Dec 5, 2016

  • Sheikh Mohammed bin Zayed al-Nahyan, Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces, meets Chinese President Xi Jinping in Beijing, December 14, 2015

    Report

    China Invests Warily in the Middle East

    China endeavors to protect its expanding interests in the Middle East by not taking sides in conflicts and controversies. The United States should encourage China to get more involved in efforts to improve regional stability while reassuring partners of its own commitment to the region.

    Dec 5, 2016

  • Journal Article

    Using the Pareto Distribution to Improve Estimates of Topcoded Earnings

    Using Pareto estimation methods with less-censored internal data, we create an enhanced cell-mean series to capture top earnings in the public-use data.

    Nov 4, 2016

  • Report

    Calculating the Gross Regional Product of the Kurdistan Region — Iraq: Kurdish translation

    Estimates the gross regional product (GRP) of the Kurdistan Region -- Iraq in 2012 (excluding natural resources) and describes efforts to set up a system for data collection and analysis to support future annual GRP calculation.

    Oct 21, 2016

  • Events @ RAND Audio Podcast

    Multimedia

    Conversation at RAND: U.S. International Economic Strategy

    In this Events @ RAND podcast, RAND President and CEO Michael Rich and Howard Shatz, RAND senior economist, discuss the economic policy choices facing the next administration.

    Sep 27, 2016

  • Journal Article

    Brexit: What Have We Learned So Far?

    On 23 June 2016, the British electorate defied the expectations of political leaders, financial markets and foreign allies by voting to withdraw from the European Union.

    Sep 26, 2016