Nearly all financial news of the past few months has been focused on one thing: a world economy in danger of overheating. Plenty of warnings, yet change does not seem to be on the horizon. Is this an unavoidable human desire to forget the evil past and dive headfirst into another mistake? Is it impossible to change this cycle?
In modern day society the relatively new field of ‘Behavioral Economics’ is booming and its applications are ubiquitous. This field studies the non-rational psychological side of economic decision making. One of its main theorems is the so-called ‘Nudge theory’, which concerns indirectly influencing the behavior and decision making of groups or individuals, by the means of nudges. Are nudges useful to society and by whom can they be used? This article aims to elucidate the answers to these questions.
The Great Recession seems to be over: unemployment is low, the Dutch CPB has noticed GDP-growth rates that were previously thought to be unattainable and the Dutch government is finally running surpluses. The financial crisis is over.
Over iets minder dan een maand staan de gemeenteraadsverkiezingen voor de deur. Net als de landelijke verkiezingen vinden deze eens in de vier jaar plaats (tenzij gemeenten bestuurlijk worden samengevoegd, dan wijkt het patroon wat af).
Maar hoe belangrijk zijn deze verkiezingen eigenlijk?
During the past month, a large number of advertisers have rescinded their ads on multiple online outlets, due to reports from major news outlets such as the Times unearthing that many extremist or borderline pornographic videos featured ads from prominent brands. Why is this important and why is Youtube to blame?
If things are going according to plan for the Trump administration, which seems to be a rarity since the president’s inauguration in January, American citizens are to receive tax cut around Christmas. The alleged massive tax cut is primarily intended to benefit Americans with middle and low income, according to Trump. When we take a look at the concept of the different versions of this ‘Tax Cuts and Jobs Act’ however, one may ask the question who actually benefits.
Recently, talking about a basic income has become, so to speak, fashionable. The Dutch Bureau for Economic Analysis has calculated the effects of such a basic income, but argued that it would be a bad idea. Without the equations, but with qualitative arguments, I shall try here to explain why a basic income does not bring the benefits we hope to see from it and why the results of the experiments that so far took place are not reliable.
The last couple of years, a number of institutions spoke out on the low wage level in the Netherlands. The Dutch Central bank already indicated a number of times that companies have room to increase wages. This claim is confirmed by the Central Planning Bureau. Even the IMF points out that labor wages are relatively low in the Netherlands.