This week’s IGM European Economic Experts Panel statements:
A) Overall, public spending on the arts in Europe creates benefits that exceed the deadweight loss caused by taxation to fund it.
B) Additional public spending on the arts in Europe would create incremental benefits that exceed the deadweight loss caused by taxation to fund it.
Keyword: social benefits
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This week's IGM Economic Experts Panel statements:
A) Without changes in policy, a rising share of people who are over age 65 will exert a substantial downward influence on per capita real GDP in western European countries.
B) In European countries where the share of those over 65 is rising, there are net social benefits to adjusting retirement ages for state-financed (including pay-as-you-go) pension systems upwards, so that revised retirement ages better reflect longer life expectancies.
This week's IGM European Economic Experts Panel statements:
A) Subsidizing renewable energy sources is better than taxing fossil fuels, assuming the subsidy or tax would be set at levels that would reduce carbon emissions by an equivalent amount.
B) Germany’s solar-energy subsidies to date have produced net social benefits for Germany.
C) Solar-energy subsidies to date in Germany and other countries have produced net social benefits for the world.
This week's European Economic Experts Panel statements:
A) Without changes in policy, a rising share of people who are over age 65 will exert a substantial downward influence on per capita real GDP in western European countries.
B) In European countries where the share of those over 65 is rising, there are net social benefits to adjusting retirement ages for state-financed (including pay-as-you-go) pension systems upwards, so that revised retirement ages better reflect longer life expectancies.
This week's IGM European Economic Experts Panel statement:
In general, using more congestion charges in crowded transportation networks — such as higher tolls during peak travel times in cities, and peak fees for airplane takeoff and landing slots — and using the proceeds to lower other taxes would make citizens on average better off.
This week's IGM Economic Experts Panel statements:
A) By providing important measures of US economic performance — including employment, consumer prices, wages, job openings, time allocation in households, and productivity — the Bureau of Labor Statistics creates social benefits that exceed its annual cost of roughly $610 million.
B) Cuts in BLS spending would likely involve net social costs because potential declines in the quality of data, and thus their usefulness to researchers and decision makers, would exceed any budget savings.
This week's IGM Economic Experts Panel statement:
An annual December spending surge on parties, gift-giving and personal travel delivers net social benefits.
This week’s IGM Economic Experts Panel statement:
A) Declining to be vaccinated against contagious diseases such as measles imposes costs on other people, which is a negative externality.
B) Considering the costs of restricting free choice, and the share of people in the US who choose not to vaccinate their children for measles, the social benefit of mandating measles vaccines for all Americans (except those with compelling medical reasons) would exceed the social cost.
This week’s IGM Economic Experts Panel statements:
A: Because the US has underspent on new projects, maintenance, or both, the federal government has an opportunity to increase average incomes by spending more on roads, railways, bridges and airports.
B: Past experience of public spending and political economy suggests that if the government spent more on roads, railways, bridges and airports, many of the projects would have low or negative returns.
This week’s IGM Economic Experts Panel poll statement:
In general, using more congestion charges in crowded transportation networks — such as higher tolls during peak travel times in cities, and peak fees for airplane takeoff and landing slots — and using the proceeds to lower other taxes would make citizens on average better off.
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