Oxford University Press's
Academic Insights for the Thinking World
By Jason A. Aimone, Laurence R. Iannaccone, Michael D. Makowsky, and Jared Rubin
What do prison gangs, Jehovah’s Witnesses, and Ultra-Orthodox Jews have in common? All of these groups require highly-visible “costs” that reduce their members’ opportunities in the outside world.
This year marks the 100th anniversary of The Federal Reserve, which was created after President Woodrow Wilson signed the Federal Reserve Act on December 23, 1913. In this adapted excerpt from The Federal Reserve: What Everyone Needs to Know, Stephen H. Axilrod answers questions about The Federal Reserve’s historical origins, evolving responsibilities, and major challenges in a period of economic crisis.
By Edward Zelinsky
On 6 May 2013, the US Senate by a bi-partisan vote of 69-27 approved the Marketplace Fairness Act of 2013. The Act would require large, out-of-state Internet and mail order sellers to collect sales taxes, just as brick-and mortar stores must collect such taxes.
By Alexandros Apostolides
Cyprus was not on the agenda of most analysts as the next plot twist in the Eurozone Sovereign debt saga. Although the island nation has been locked out of international capital markets since May 2011, the government of President Demetris Christophias only asked for support from the Eurogroup on 25 July 2012.
By Sarah Jewell, Jim Pemberton, Alessandra Faggian, and Zella King
Gone are the days when all students had to wonder about was how much – or little – effort to put into studying without compromising their chances of getting a degree and walking into a graduate job, thanks to changes in higher education funding and increasing student numbers.
By Roger Wilkins
A significant demographic trend in recent decades, in Australia and a number of other developed countries, has been the growth in lone parent families as a proportion of all families. In 1981, 13 per cent of Australian mothers with dependent children were lone parents; by 2006, this had risen to 20 per cent.
By Alberto Alesina, Paola Giuliano, and Nathan Nunn
The gender division of labor varies significantly across societies. In particular, there are large differences in the extent to which women participate in activities outside of the home. For instance, in 2000, the share of women aged 15 to 64 in the labor force ranged from a low of 16.1% in Pakistan to 90.5% in Burundi.
By Edward Zelinsky
On Friday, 17 May 2013, two Metro-North commuter trains collided near Bridgeport, Connecticut. Through the following Tuesday, the Metro-North accident disrupted normal commuter train service between parts of Connecticut and New York City. To cope, Connecticut Governor Dannel Malloy asked residents of the Nutmeg State to work from their homes until rail service could be restored.
By Leonard E. Burman and Joel Slemrod
The IRS is under withering scrutiny for allegedly using partisan political criteria to evaluate applications for nonprofit 501(c)(4) status. All sides agree that, if true, this would constitute an unacceptable abuse of power and that it raises serious questions about the adequacy of IRS governance.
Professor Ian Goldin talks to Matthew Flatman of Pod Academy about the dilemmas our hyper-connected world faces. There are many benefits, but also many drawbacks, to our growing globalization and interconnectedness. How can we tackle these issues at a local, regional, national, and global level?
In July, the first issue of the Journal of Survey Statistics and Methodology (JSSAM) will come out. The launch of a new journal is always a source of great anticipation in the academic publishing world. We face many concerns about a proliferation of unnecessary journals, reduced library budgets, and creating valuable publications in a digital world.
By Ricky W. Griffin
South by Southwest (SXSW) has rapidly become a social phenomenon. But many people don’t really understand what it’s all about, in part because of the lens through which they may view it. For example, some know it as a music festival. For others, it’s a film festival. And for still others it’s about emerging technologies and opportunities for entrepreneurship. But in reality, it’s all three.
By Linda Yueh
China has successfully utilised inward foreign direct investment (FDI) to “catch up” in growth by using foreign investment to help develop manufacturing and export capacity.
By Edward A. Zelinsky
The Marketplace Fairness Act, now being debated in the US Senate, is a rare phenomenon: a bill with strong bi-partisan support and an accurate title. The Act would indeed establish fairness in the marketplace by imposing on out-of-state internet and mail order sellers the same sales tax withholding requirements now imposed only on in-state brick-and-mortar businesses.
By Tim Wright
The central story of China’s economic reforms and the resulting economic miracle has been the move from a centrally planned to a largely market economy, and the emergence of a market-based and mainly private sector alongside the old state-owned sector. Most quantitative trends are still in that direction, and legal and institutional reforms, notably stronger property rights within a situation of limited rule of law, have provided some support.
By Muti Gulati
It is perhaps natural human tendency to think that the big events that occur during our lifetimes — particularly if they involve us personally — are both unique and will change the course of history. Reality though is that most of us aren’t particularly good at predicting what future historians will consider important.