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Heterogeneity and Persistence in Returns to Wealth (Equitable Growth) Using micro data from Norway to show that the wealthy actually earn higher returns in similar asset classes than the less wealthy. This perpetuates wealth inequality. [Wealth taxes are coming]
Who Benefits from Rent Control? Evidence from San Francisco (Microeconomic Insights) Stanford University study finds that rent-control policy actually contributes to even more unaffordable housing.
Ownership and Productivity (Stumbling and Mumbling) Argues that UK Labour Party’s proposal to reform corporate governance – by putting workers on boards – may actually increase the UK’s overall productivity as a country.
Germany’s Energy Transition at a Crossroads (Mckinsey) Despite Germany’s transition toward a low-carbon energy system, it will still miss most of its energy-transition targets for 2020.