Economics

"I’ll need how much money for retirement?"

AEI's Andrew G. Biggs argues that rather than saving too little, as many media reports claim, many Americans may be saving too much.

But saving too much for retirement isn’t like having too healthy a diet or being too nice to other people. It comes with real downsides, the biggest of which is a lower standard of living during your working years. Already, many more retirees tell Gallup they have enough money to live comfortably than do working-age households. That’s not a sign of undersaving.

He extends the argument here: "Why Retirees Aren't Running Out Of Money".


"Does the U.S. Economy Lack Competition, And If So What To Do About It? "

Transcript of a remarkable recent speech by FTC Commissioner Maureen K. Ohlhausen.

It's remarkable for three reasons: 1) she's a Democratic--Obama--appointee, but 2) she briefly but quite deftly demolishes the recent revival by the CEA, Stiglitz, Krugman, et al. of IO doctrine that was reftued forty years ago, and 3) she vigorously supports an excellent idea for dealing with the monopolization--such as it is--that exists.


"Truth misstated on teacher pay"

Yes, fellow North Carolinians, nominal dollar amounts should be adjusted for the cost of living. And yes, we should remember this, too:

Most peer-reviewed studies on the subject find no positive, statistically significant correlation between average teacher salaries and student performance. That may be because the structure of the compensation system matters more than the typical variation in average pay among states or districts. Do consistently high-performing teachers earn more than their mediocre or low-performing peers? What about those who teach more challenging subjects or a disproportionate number of poor students or children with special needs?