Economics

Gene Expression

Category archives for Economics

UNICEF, boo!

What’s different about Kiva: Contrast Kiva with, for example, UNICEF. Kiva makes it possible to trace the path of your donation, to the extent that such tracing is realistic (and it largely turns out to be more along the lines of “you funded a certain MFI” rather than “you funded a certain person”). UNICEF doesn’t…

In the interminable debate on Wall Street compensation Ryan Avent makes an important point: Officials in Washington scrutinising the pay packages of TARP recipients are primarily focused on the incentive effects of those pay structures–whether financial pay packages are inducing financial employees to take excessive risks. But the bigger incentive problem may be–almost certainly is–the…

Going for the pain of paying

For Gun-Shy Consumers, Debit Is Replacing Credit: Visa announced this spring that spending on Visa debit cards in the United States surpassed credit for the first time in the company’s history. In 2008, debit payment volume was $206 billion, compared with credit volume of $203 billion. MasterCard reported that for the first six months of…