A Nobel Laureate on the Limits of Evidence-Based Policy
Lars Peter Hansen and Kevin M. Murphy discuss how data can inform policymaking.
A Nobel Laureate on the Limits of Evidence-Based PolicyWith an aging population and many of its citizens without substantial personal savings, the United States—like many countries—faces a social-security crisis. Yet reforming the system is an enormous political challenge, and approaches such as privatization of the system face stiff resistance. For those who favor privatization, Mexico’s recent experience with social security offers valuable lessons for how to do it. Chicago Booth’s Chad Syverson explains that Mexico’s transition to privatization is a cautionary tale for how fees can spin out of control, eating into the returns of the workers enrolled in the program.
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Lars Peter Hansen and Kevin M. Murphy discuss how data can inform policymaking.
A Nobel Laureate on the Limits of Evidence-Based PolicyUCLA’s Sebastian Edwards joins Bethany McLean and Luigi Zingales to discuss the implementation of market-oriented policies in Chile.
Capitalisn’t: Key Lessons from the ‘Chicago Boys’ Chile ExperimentThey can also disproportionately hurt smaller companies.
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