Long Term Influences of Age–Education Transition on the Brazilian Labour Market

The objective of this study is to estimate the long term mean earnings of the male Brazilian population, taking into account the ageing process of the population and the increase in educational attainment. Using census data, household sample surveys, as well as population and education projections, estimates indicate that an ageing population and an increase in education will have a 2 percent impact on the annual growth of an average income in Brazil by 2050. The challenge for the future is to improve the proportion of the Brazilian population with completed college degrees.     

On Justifying Legal Paternalism

Abstract. Paternalism, understood as coercive intervention with the behavior of a person in order to prevent her from causing harm to herself, is a highly controversial issue, because it implies a departure from the widely recognized principle of harm to others. Some conceptual differences between legal paternalism and other forms of state coercion that also depart from the principle of harm to others will be indicated. This is followed by an analysis of the arguments that are usually brought forth against legal paternalism. And finally, the possibility of determining ethically justifiable types of legal paternalism is explored.     

Comparing Cosponsorship and Roll‐Call Ideal Points

We use bill cosponsorship and roll‐call vote data to compare legislators' revealed preferences in the U.S. House of Representatives and the Argentine Chamber of Deputies. We estimate ideal points from bill cosponsorship data using principal‐component analysis on an agreement matrix that included information on all bills introduced in the U.S. House (1973–2000) and Argentine Chamber (1983–2002). The ideal‐point estimates of legislators' revealed preferences based on cosponsorship data strongly correlate with similar estimates derived from roll‐call vote data. Also, cosponsorship activity in the U.S. House has lower dimensionality than cosponsorship has in the Argentine Chamber. We explain this lower discrimination as a function of individual‐ and district‐level factors in both countries.     

The G‐20 Must Get Serious About Its Commitments

The sovereign debt problem in Europe, ignited by Greece, has morphed into an economic crisis challenging the solvency of major banks and countries as well as a generalized crisis of governance. Lacking the legitimacy of public support, the leaders of the European Union's fledgling institutions have been indecisive and unable to contain the looming danger of financial contagion. Along with the economic slowdown in the United States, instability and volatility in Europe threaten to derail the fragile global recovery. In this section, several former European leaders as well as political figures from the emerging economies offer their ideas on how to fix Europe and stem the global threat.