“Notorious” and “prudent” are not words often found together, but it is fair to say that Germany is notoriously prudent with its national finances, thanks to a longstanding rule requiring politicians to balance the federal budget — an unimaginable scenario in virtually any other country. The […]
Courtesy of IZA Teacher markets, like most public sector labor markets, are often characterized by a large bureaucracy and lack of flexibility. Teacher pay typically follows schedules tied to tenure and does not reward teaching performance. What happens when such heavily regulated labor markets […]
The UK’s public spending on housing benefit, which helps low-income families with housing costs, is out of control, according to the Institute for Fiscal Studies. Paul Johnson notes that the government spent £22 billion a year on the benefit, double what it was in the early 2000s. Alongside soaring housing prices and collapsing rates of […]
