Economics

Featured

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.

  • Israel's Prime Minister Benjamin Netanyahu, U.S. President Donald Trump, and UAE Foreign Minister Abdullah bin Zayed sign the Abraham Accords in Washington, September 15, 2020, photo by Tom Brenner/Reuters

    Report

    The Abraham Accords Could Have Wide-Reaching Economic Benefits

    Mar 18, 2021

    The Abraham Accords between Israel and Muslim nations represent a possible new chapter in the region's development—away from conflict and toward a shared vision of economic prosperity. Israel's partners could gain 150,000 new jobs. And that could grow to 4 million new jobs over a decade if other nations join.

  • Game pieces atop stacks of coins of various heights, depicting income inequity, photo by Andrii Zastrozhnov/Getty Images

    Research Brief

    A New Approach to Measuring Income Inequality

    Apr 30, 2021

    A new method for measuring income inequality reveals that, from 1975 to 2018, the only group for which actual income gains exceeded U.S. GDP growth was the group near the 99th percentile of income distribution.

Explore Economics

  • Israeli Prime Minister Benjamin Netanyahu and Chinese Vice President Wang Qishan hit a gong at the fourth Israel-China Joint Committee on Innovation Cooperation meeting in Jerusalem, October 24, 2018, photo by Ronen Zvulun/Reuters

    Report

    Security Risks of China's Investments in Israel

    Chinese investments in Israeli high-tech companies and major infrastructure projects present distinct concerns for Israel and the United States. They could lead to leaks of sensitive technology and cyberespionage. And these risks could affect the U.S.-Israel relationship.

    Apr 7, 2020

  • An aerial view of the Pentagon building in Washington D.C., June 15, 2005, photo by Jason Reed/Reuters

    Commentary

    Defense Budget Implications of the COVID-19 Pandemic

    The COVID-19 pandemic is taking a dramatic toll on the U.S. economy. This could have significant medium-term implications for the U.S. defense budget. The U.S. Department of Defense will need to find efficiencies that are of at least the same magnitude as the recent sequestration.

    Apr 7, 2020

  • People wait in line to file for unemployment following an outbreak of COVID-19 at an Arkansas Workforce Center in Fort Smith, Arkansas, April 6, 2020, photo by Nick Oxford/Reuters

    Commentary

    Millions Need Unemployment Benefits. Unfortunately, the Delivery System Is Broken

    More than 10 million Americans filed for unemployment insurance in March as businesses closed in response to the COVID-19 pandemic. Washington's stimulus package enacted welcome measures to tide people over, but these temporary fixes don't address some serious structural problems.

    Apr 6, 2020

  • An empty market after a curfew was imposed to halt the spread of COVID-19 in the holy city of Najaf, Iraq, March 18, 2020

    Commentary

    Economic Consequences of COVID-19 in the Middle East: Implications for U.S. National Security

    The global COVID-19 pandemic will have a dramatic effect on economies across the globe. But the Middle East may be particularly affected, given the simultaneous fall in oil prices. The economic consequences of this pandemic are also likely to affect U.S. interests in the region.

    Apr 1, 2020

  • The U.S. Navy hospital ship Comfort passes the Statue of Liberty as it enters New York Harbor during the COVID-19 outbreak, March 30, 2020, photo by Mike Segar/Reuters

    Commentary

    After COVID-19: America Needs to Reengage with the World, Not Retreat

    The COVID-19 pandemic should lead to a further strengthening of the national and international response capacity. The alternative of erecting barriers and closing America off to the world would leave it more vulnerable to the next big shock.

    Apr 1, 2020

  • People walk around an almost empty Grand Central Terminal as the coronavirus disease (COVID-19) outbreak continues in New York City, U.S., March 29, 2020, photo by Eduardo Munoz/Reuters

    Commentary

    On the Horns of the COVID-19 Dilemma

    COVID-19 poses two dire threats to the United States: the potential deaths of many thousands of Americans, and the devastation of the $22 trillion annual economy. Protecting the health of as many people as possible by shutting down ordinary life seems completely justifiable, but that necessarily inflicts damage to the economy. This is truly a dilemma.

    Mar 30, 2020

  • Blog

    COVID-19 and the Economy, America's Blood Supply, 10 Years of the ACA: RAND Weekly Recap

    This weekly recap focuses on COVID-19 and the economy, strengthening the U.S. blood supply, 10 years of the Affordable Care Act, and more.

    Mar 27, 2020

  • U.S. Senate Majority Leader Mitch McConnell and U.S. Senate Minority Leader Chuck Schumer meet with Treasury Secretary Steve Mnuchin to wrap up work on coronavirus economic aid legislation, Washington, D.C., March 20, 2020, photo by Mary F. Calvert/Reuters

    Q&A

    The Economic Wallop of COVID-19: Q&A with RAND Experts

    As Washington continues to weigh economic responses to the COVID-19 pandemic, here are insights from RAND experts on how aid money might be best allocated, how this crisis compares to the 2008 recession, what business communities can do right now, and more.

    Mar 26, 2020

  • NYSE Closes Trading Floor, Moves To Fully Electronic Trading Amid Coronavirus Pandemic

    Multimedia

    The Economic Impacts of COVID-19

    In this Call with the Experts podcast, RAND researchers discuss the impacts the COVID-19 outbreak might have on the global economy and consider policy actions that could be taken to help facilitate rapid economic recovery.

    Mar 23, 2020

  • Russian President Vladimir Putin attends a meeting with public members in Sevastopol, Crimea March 18, 2020, photo by Alexei Druzhinin/Reuters

    Commentary

    Russia's Ties with the West Rhyme

    With Vladimir Putin seeking constitutional changes that could allow him to stay as president until the 2030s, Russia's strained relations with the West may persist. But if it chooses, Russia can chart a more dynamic future with closer Western ties.

    Mar 23, 2020

  • Blog

    Experts Discuss COVID-19: RAND Weekly Recap

    This weekly recap focuses on COVID-19, how the United States is responding to the coronavirus outbreak, the spread of misinformation during this time, and more.

    Mar 20, 2020

  • A man wears a mask while walking past the New York Stock Exchange in New York City, March 17, 2020, photo by Lucas Jackson/Reuters

    Q&A

    The Social Distancing Economy: Q&A with RAND Experts

    Congress and the White House are weighing economic policies to help people acutely affected by the coronavirus pandemic. Here are insights from RAND experts on what might be effective in terms of fiscal policy, stimulus spending, and emergency relief to affected workers.

    Mar 18, 2020

  • A woman holding a baby looks out of a window from a shanty in Dharavi, Mumbai, India, October 15, 2009, photo by Arko Datta/Reuters

    Commentary

    Economic Development: A Recipe for Social Cohesion in India

    Given the staggering economic challenges that need attention, how might India refocus its attention away from sectarian divides to economic development? While there is no easy answer, focusing on inclusive growth and development might offer one potential route.

    Mar 16, 2020

  • Doctor with digital tablet talking with a patient in a hospital bed, photo by monkeybusinessimages/Getty Images

    Report

    The Effects of Limiting Payments to Hospitals for Out-of-Network Care

    There is growing interest among U.S. policymakers to use out-of-network payment limits to curb surprise medical bills and as a tool to control rising health care costs. How might such limits affect negotiated in-network prices and total payments for hospital care?

    Mar 12, 2020

  • Flags of the United States, Russia, and China in the sky, photo by Pridannikov/Getty Images

    Report

    How Is the Global Competition of Ideas Changing?

    The United States is engaged in a new era of great-power competition in the realms of information, ideas, and ideology. An analysis of the policy and actions of China, Russia, and nonstate actors suggests what this competition might look like in the future and how U.S. policy should be adapted accordingly.

    Mar 12, 2020

  • News Release

    News Release

    Limiting Out-of-Network Payments to Hospitals Could Produce Cost Savings Similar to Single-Payer Options

    Placing limits on what hospitals can collect for out-of-network care could yield savings similar to more-sweeping proposals such as Medicare for All or setting global health spending caps. Because such an approach has the possibility to sharply cut hospital revenues, any cap would need to be set carefully as to not overly disrupt hospital operations.

    Mar 12, 2020

  • A man wearing a mask walks through closed stores in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 4, 2020, photo by Aly Song/Reuters

    Testimony

    How Does COVID-19 Affect Small and Medium-Sized Businesses?

    In China, as in most countries, small and medium-sized enterprises are the engines of the economy. An analysis of China's response to the COVID-19 outbreak and how it has affected China's economy and the global supply chain provides useful insights for the U.S. government and businesses.

    Mar 10, 2020

  • Russian President Vladimir Putin listens to a question as he attends an annual VTB Capital "Russia Calling!" Investment Forum in Moscow, Russia, November 20, 2019, photo by Alexander Zemlianichenko/Reuters

    Commentary

    Wake-Up Call for Russia

    Deteriorating living standards have put Russians on edge, and fears of economic stagnation have risen. Russia has the capacity to do better. So why is the economy stagnating?

    Mar 9, 2020

  • Blog

    Coronavirus Outbreak, Drones, the U.S. Power Grid: RAND Weekly Recap

    This weekly recap focuses on the intensifying coronavirus outbreak, cyber threats from drones, the vulnerabilities of the U.S. power grid, and more.

    Mar 6, 2020

  • Eggshell with UK and EU flag pattern, photo by Panorama Images/Getty Images

    Commentary

    The Costs of Brexit Uncertainty

    It may be tempting to think that Brexit is now done. But the UK's formal departure from the EU in late January was only the end of the beginning. And uncertainty is likely to affect the UK's economic performance moving forward.

    Mar 3, 2020