If you're a poor worker - this is for new workers coming into the workplace - your benefits will increase at the current rate of increase. If you're a wealthier worker, your benefits would increase at the rate of inflation. And those changes would affect positively the unfunded liabilities inherent in Social Security.
In macroeconomic theory, there is this argument that what the Fed does has no effect on unemployment, no effect on investment, no effect on the rate of GDP growth.
Life is always going to be a series of ouch-making moments, and the question was, was I going to go all fetal position, or was I going to woman up? I went into fetal position on the bed to think about this. Fetal position turned out to be very comfortable.
In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.
Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
The overall effect of the GEA will be to increase unit production costs, diminish competitiveness, cut the rate of return to capital in key sectors, reduce employment, and make households worse off.
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
I'm only 5ft 2in so a significant increase in weight is really going to be noticed.
At any rate, I can only see such a success having positive effects for everyone, particularly as our anticipation of the World cup would only increase further.
We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.
With the rather stable ratio of labor force to total population, a high rate of increase in per capita product means a high rate of increase in product per worker; and, with average hours of work declining, it means still higher growth rates in product per man-hour.
I don't think the human effect [of climate change] is significant compared to the natural effect.
Strong economic growth, and especially a significant increase in private sector investment, is the only sustainable path forward for Rwanda.
We are looking for ways to decrease the dropout rate. I am pretty sure, if we eliminate career and technical education, we are going to increase the dropout rate.
The increase in the greenhouse gas concentrations in the atmosphere are having an effect. Our ability to predict that effect is very limited.
If you want to increase your success rate, double your failure rate.