• The Costs of Bankruptcy

    The Costs of Bankruptcy

    Jiaping Qiu

    When a corporation declares bankruptcy, employee’s wages decrease significantly. This potential loss in earnings is significant enough that firms with a high risk of bankruptcy must pay their employees a higher wage to compensate them for the risky...

  • Understanding the Great Recession

    Understanding the Great Recession

    Alok Johri

    The Great Recession that began in late 2007 was the worst recession in the post-war era. A significant contributing factor was rapid innovation in the finance industry, which lead to expectations that could not be fulfilled.

  • Optimal Treatment of Bequests and Inheritances

    Optimal Treatment of Bequests and Inheritances

    Katherine Cuff

    How the government should reduce economic inequalities arising from bequests and inheritances through its tax system depends on the perceived social benefits received by those leaving the bequests.

  • Why Has the Gender Wage Gap Narrowed?

    Why Has the Gender Wage Gap Narrowed?

    Shintaro Yamaguchi

    The decreased use of motor skills and the increased use of cognitive skills in the workplace help explain the narrowing wage gap between men and women from 1979-1996.

  • How Many Optometrists for Ontario?

    How Many Optometrists for Ontario?

    Arthur Sweetman

    There are more new optometrists entering practice in Ontario every year than the number that will likely be required to keep service levels stable, even taking into account the aging population. Unless Ontarians want, and are willing to pay for,...

  • Debt dilution: the problem and possible solutions

    Debt dilution: the problem and possible solutions

    César Sosa-Padilla

    The implementation of alternative government debt contracts may help governments deal with the problems of debt dilution, the reduction in the value of existing debt triggered by the issuance of new debt.