Published Nov. 10, 2014 4:07 PM

Norwegian parents do not encourage the value of  "hard work" and encourage fantasy. It is because we can afford it.

«We don’t need no education. We don’t need no thought control.» Pink Floyd, The Wall. (1979)

Published Nov. 10, 2014 3:24 PM

The design of the pension system is a hot policy issue in China, given its fast-ageing population. This column discusses how different pension systems could allow different generations to share the benefits of high growth. The authors argue that a reform of the current system is necessary to achieve financial sustainability. However, delaying its implementation is advisable on the grounds of its effect on income inequality.

Published Nov. 10, 2014 10:46 AM

Jacopo Bizzotto, Assistant Professor at the Department of Economics and the Macroinequality project, has been awarded the Louis-André Gérard Varet Prize for the best paper by a young author at the Asset conference in Aix-en-Provence.