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Posted 2017-03-03

Smoothing the Path: Balancing Debt, Income, and Saving for the Future

by Scott A. Wolla

The “life cycle” theory of consumption and saving was pioneered by Franco Modigliani, winner of the 1985 Nobel Prize in economics. The theory is a common model used by economists to describe people’s overall saving and spending behaviors.

Posted 2014-09-01

Economics and the Environment

by Scott A. Wolla

For many environmentalists, protecting the environment is a matter of ethics, morality, and stewardship. For others, the environment is just one of many daily concerns. And, while many people might prefer a cleaner environment, nearly all economic activity results in some pollution.

Posted 2014-05-01

The Economics of Immigration: A Story of Substitutes and Complements

by Scott A. Wolla

America is a nation of immigrants. Currently, immigrants make up about 13 percent of the overall population, which means about 40 million people living in the United States are foreign born. Indeed, nearly all Americans have an immigration story in their family history.

Posted 2014-03-01

Would Increasing the Minimum Wage Reduce Poverty?

by Scott A. Wolla

Since its inception, the federal minimum wage has been used as one way to help alleviate poverty and promote a sense of economic fairness. The federal minimum wage was first enacted in 1938 as part of the Fair Labor Standards Act and set minimum hourly wages at 25 cents per hour, but the law excluded large segments of the labor force.

Posted 2014-01-01

The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination

by Scott A. Wolla

The cost of college tuition has been in the headlines frequently in recent years. Conventional wisdom says the cost of a college education is rising—but is it really? The “sticker price” for a college education has risen three times faster than the inflation rate since 1978.

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