effects

In the first part of this series, we looked at what economic theory can tell us about the potential effects of the minimum wage and its increases on employment in those sectors of the economy where the least skilled (or inexperienced) workers work; i.e. the sectors that are directly affected by it. As we saw, if, …

Due to their nature, payday loans are often the subject of public discontent and a good area for intervention by politicians who aim to protect customers. In this article, we will compare the existing regulatory control over this part of consumer finance in the UK and Bulgaria and examine the effects …

It is often argued that income inequality is bad for society and that the state should intervene and transfer income - supposedly from the rich to the poor - to restore a healthy balance. This is a topic that was also present in the recent public debate between Peter Volgin and …