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Full-Text Articles in Finance
Grinding Decline In Springfield: Is The Finance Control Board The Answer?, Robert Forrant
Grinding Decline In Springfield: Is The Finance Control Board The Answer?, Robert Forrant
New England Journal of Public Policy
Springfield, Massachusetts, the Bay State’s third largest city, suffered staggering manufacturing job loss over the last thirty years of the twentieth century. In 2004, the financial impact of job loss, coupled with dubious fiscal management, plunged the city into near bankruptcy. In response, state government passed legislation appointing a Finance Control Board to manage city business. Wage freezes for City workers were continued and cuts in numerous essential services occurred to deal with the debt. But the question remains, can a Control Board approach grow a large stock of well-paying jobs — large enough to grow the city’s and the …
Why Not A Dollar?, Evelyn Murphy
Why Not A Dollar?, Evelyn Murphy
New England Journal of Public Policy
Statisticians point out that women do not yet have quite as many years’ experience in the workforce as men have. It’s true that for the generation that began working in the 1960s, fewer women than men have a steady forty or fifty years of on-the-job experience. So maybe there should be a gap of a few pennies (at most!) to reflect that slight disadvantage. But not 23 cents’ worth! Social scientists hedge their conclusions about what causes that broad gap with disclaimers. They acknowledge that biases exist in their measurements. They admit that they cannot say for sure that differences …
Rethinking Retirement Policy In Massachusetts, Ellen A. Bruce
Rethinking Retirement Policy In Massachusetts, Ellen A. Bruce
New England Journal of Public Policy
Women are significantly poorer than men in old age. One major cause of women’s disproportional poverty is retirement income policy that bases pensions and savings incentives on earned income. This paper describes the structure of our retirement policies and argues that some policies should be implemented that are not associated with earned income as a way to both support women’s caregiving roles and insure their economic well-being in old age.
Thwarted Ambition: The Role Of Public Policy In University Development, Michael N. Bastedo
Thwarted Ambition: The Role Of Public Policy In University Development, Michael N. Bastedo
New England Journal of Public Policy
Paradoxically, Massachusetts is the home of a world-class system of private higher education and a struggling system of public higher education. The influence of private higher education and persistent indifference by state government repeatedly thwarted UMass’s ambition to increase its stature on the national scene. The result was a “boom or bust” cycle of financial support that made rational planning and institutional expansion extremely difficult, exacerbating the university’s late start toward world-class status.
Grinding Decline In Springfield: Is The Finance Control Board The Answer?, Robert Forrant
Grinding Decline In Springfield: Is The Finance Control Board The Answer?, Robert Forrant
New England Journal of Public Policy
Springfield, Massachusetts, the Bay State’s third largest city, suffered staggering manufacturing job loss over the last thirty years of the twentieth century. In 2004, the financial impact of job loss, coupled with dubious fiscal management, plunged the city into near bankruptcy. In response, state government passed legislation appointing a Finance Control Board to manage city business. Wage freezes for City workers were continued and cuts in numerous essential services occurred to deal with the debt. But the question remains, can a Control Board approach grow a large stock of well-paying jobs — large enough to grow the city’s and the …
Women And Money: Getting Money And Using It, Sheryl R. Marshall
Women And Money: Getting Money And Using It, Sheryl R. Marshall
New England Journal of Public Policy
The author of this article has spent her career in the world of finance. Here she examines the way women make economic decisions. The article centers on attitudes concerning women, money, and financial independence; the availability or lack of capital for women who want to start businesses; and a strategy for using their economic clout to forward the agenda of the economic empowerment of women.