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Burgard and Seelye find job insecurity linked to psychological distress among workers in later years

Former PSC trainee Jay Borchert parlays past incarceration and doctoral degree into pursuing better treatment of inmates

Inglehart says shaky job market for millennials has contributed to their disaffection

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Highlights

Savolainen wins Outstanding Contribution Award for study of how employment affects recidivism among past criminal offenders

Giving Blueday at ISR focuses on investing in the next generation of social scientists

Pfeffer and Schoeni cover the economic and social dimensions of wealth inequality in this special issue

PRB Policy Communication Training Program for PhD students in demography, reproductive health, population health

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Next Brown Bag

Mon, Jan 23, 2017 at noon:
H. Luke Shaefer

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Kimball's argument against paper currency cited in NYT column on ECB's negative interest rates

a PSC In The News reference, 2014

"Europe Gets Negative Interest Rates. What Does That Even Mean?" - New York Times. 06/04/2014.

On June 5, 2014 the European Central Bank adopted a negative interest rate policy for the 18 euro currency nations, a measure designed to stimulate the economy. However, because this policy may ultimately affect commercial bank customers in the form of zero interest paid on deposits and fees charged for accounts, the ECB is also concerned about large-scale withdrawals from the banking system. What to do? This column points to Miles Kimball's position that if paper money could be all but eliminated in favor of electronic money, "the so-called zero lower bound on interest rates would no longer exist, and central banks could easily set negative interest rates in a depressed economy to encourage more spending and investment."

Kimball's QUARTZ column on e-money

Researcher:

Miles Kimball

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