The Nudge Toward a Goldilocks Savings Rate

We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings.

Weekly Roundup: From Vodka to Tax Dodgers

Our weekly roundup includes stories from everyday economics that relate to creative destruction, taxation, price floors, labor markets and entitlements.

How To Catch Tax Dodgers With a Lottery

The lottery that Slovakia uses to catch VAT tax dodgers reflects fiscal challenges that eurozone countries like Germany and the Netherlands do not face.

A Savings Lottery

Assume you have 3 extra dollars each day. Would you use it for a lottery ticket or a savings account? Most people would select the lottery ticket. Economists, though, hoping to elevate our nation’s savings rate, would like to encourage…