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Law, Regulation, and the Business Climate: The Nature and Influence of the World Bank Doing Business Project

[Symposium: Doing Business]

By Timothy Besley

Journal of Economic Perspectives, Summer 2015

The importance of a well-functioning legal and regulatory system in creating an effective market economy is now widely accepted. One flagship project that tries to measure the environment in which businesses operate in countries across the world is the ...

Promises and Perils of Pre-analysis Plans

[Symposium: Pre-Analysis Plans in Economics]

By Benjamin A. Olken

Journal of Economic Perspectives, Summer 2015

The purpose of this paper is to help think through the advantages and costs of rigorous pre-specification of statistical analysis plans in economics. A pre-analysis plan pre-specifies in a precise way the analysis to be run before examining the data. ...

Policy Watch: Medicare

By Joseph P. Newhouse

Journal of Economic Perspectives, Summer 1996

The forecast growth for Medicare spending has created a highly visible budgetary impasse between the president and Congress. Both favor the growth of health plans that accept risk and would promote them by creating less restrictive options than heretofore...

Training and Lifetime Income

By Burhanettin Kuruscu

American Economic Review, June 2006

This paper challenges the notion that on-the-job training investments are quantitatively important for workers' welfare and argues that on-the-job training may not increase lifetime income by more than 1 percent. I argue that it is very difficult to recon...