International Tax and Public Finance has published a paper by Riemer Faber and Pierre Koning in which they develop a methodology to estimate the indirect costs of spending a conditional block grant. They estimate that Dutch municipalities have to add about 90 cents from their own resources to spend 1 euro of a grant for welfare-to-work programs. To read more, click here.
What happens when AI sets wages
The authors fed 60,000 freelancer profiles into eight widely used LLMs, asking each model to recommend an hourly rate. From hourly wage setting to testing for...