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Value Added Taxes (VAT) don’t exist in the US but they are actually one of the most important and powerful forms of taxation. They are in fact so powerful that they have been labeled the “money making machine”. In European countries, they raise 30% of total tax revenue, which amounts to 12% of GDP. VATs […]
This summer, Professor Simon Board became Coeditor of Theoretical Economics and Professor Andres Santos became Coeditor of Quantitative Economics. These are leading journals in theoretical and empirical economics, and operate under the umbrella of the Econometric Society. They are also open access. Professor Moritz Meyer-ter-Vehn has also become the Associate Editor at the Journal of Economic Theory, a […]
Professor Michela Giorcelli was awarded the NBER Small Grant in Innovation Policy with Professor Nicola Lacetera for their project on “Public Disclosure and the Evolution of Science and Technology: A text Analysis Approach”. This project seeks to understand the relationship between the quality and success of scientific discoveries, and the public perception, understanding and ultimate acceptance. To evaluate the […]
In a recent article in the business section of the Los Angeles Times titled “The Fed took bold steps to books the economy. Will undoing one of them rattle markets?”, UCLA’s Lee Ohanian was asked what he thought about the moved the Fed had made. The article discusses how the Federal Reserve bought up trillions […]
Until recently, if someone wanted to donate a kidney to a family member or a friend, the recipient would receive the kidney at the time of the donation, or very close to this time. This timing restriction created a problem for Howard Broadman, a retired California judge. Judge Broadman wanted to donate a kidney to […]
The allure of the investment industry has long attracted numerous successful UCLA alumni. For Gary Ghazarian, it was no exception. With over 25 years’ experience in the field, he currently serves as the Director of Operations for Marketable Securities at leading alternative investment firm Kayne Anderson Capital Advisors. Having pursued a degree in Economics at […]
The UCLA Economics Department is very happy to be joined by three new faculty this year. Volker Nocke joins us from Mannheim as a Full Professor. Professor Nocke is an expert in Industrial Economics and International Trade. Much of his recent work has been concerned with mergers and competition policy. He has published in […]
For the long term health of Social Security, it it important to make projections about future participation in the U.S. labor force. To understand this further, the Social Security Advisory Board appointed a Technical Panel of prominent labor economists that includes UCLA Professor, Kathleen McGarry. The final report shows that the secular decrease in participation rates for […]
UCLA Department of Economics