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Spain's €20,000 for all 23-year olds: radical, realistic, or ridiculous?

The Spanish leftwing Sumar party's plan is to offer €20,000 to all 23-year-olds, regardless of wealth, to boost their prospects in life. But to what extent is such a proposal economically viable? And why universal, and not targeted? ....

United Kingdom , Pedro Sanchez , Tony Atkinson , Thomas Piketty , Juanc Palomino , Salvatore Morelli , Popular Party , University Of Roma Tre , World Inequality Lab , University Of Oxford , Future Policy Lab , Roma Tre ,

Economics & Marginalia: June 16, 2023

Just hours after I clicked send on the links last week, the curtain began to draw on one of the most chaotic eras of modern British politics, with Boris Johnson’s huffing and whining resignation as an MP. After discovering that we was about to be censured for lying to Parliament (a serious breach of Parliamentary rules), Johnson decided to compound his crimes by publicly divulging the contents of the report into his conduct and impugning the integrity and motives of the committee that punished him. ....

United States , United Kingdom , Andrew Gelman , Boris Johnson , Muhammad Yasir Khan , Scott Morris , Vijaya Ramachandran , Saad Gulzar , Dietrich Vollrath , Scott Fitzgerald , Pam Jakiela , Michael Kremer , Daron Acemoglu , Arvind Subramanian , Branko Milanovic , Foreign Affairs , World Bank , Project Syndicate , Reduction Act , Tony Atkinson , Kings Cross ,