In June 2018, Saudi Arabia finally put an end to its legal ban on women driving, opening the way for millions of new drivers to navigate across a country three times bigger than Texas. While the long-overdue policy shift provides relief to women who lacked freedom of mobility, the onset of so many new drivers has enormous consequences for transportation and the energy sector, as well as labor market participation and public health.
This issue brief presents the results of a dynamic model similar in nature to the macroeconomic models used by the Congressional Budget Office and Joint Committee on Taxation in evaluating the Tax Cuts and Jobs Act of 2017. The model shows a modest decline in wealth inequality due to the corporate tax cuts in the TCJA.
By Laila Elimam
Protests erupted in Jerada, Morocco, after the deaths of two brothers who were killed in the nearby abandoned mines. Research associate Laila Elimam examines this event and the response of the Moroccan legislature.
Morocco's Justice and Development Party attempts to preserve its leading political position by presenting itself as an alternative to a system that, according to the PJD, is corrupt and morally bankrupt.
Morocco's monarchy preserves its power by maintaining a balance among the country’s 33 political parties, preventing the emergence of a strong party, and further dividing an already fragmented political elite. The author examines how the Justice and Development Party (PJD) has survived and grown under such constraints.
The authors examine new legislation in Tunisia aimed at increasing protections for women, such as repealing the country’s “marry-your-rapist” law as well as criminalizing marital rape and domestic violence.
This issue brief summarizes the debate over regulatory complexity, outlines a proposal from the Federal Reserve that would simplify bank capital regulations and another from the OCC that would push the financial regulatory system toward greater complexity, and recommends reforms to help improve financial stability.
Nonresident scholar Elizabeth Salamanca provides an overview of the main types of visas obtained by highly skilled migrants, and how each visa category could potentially change under the Trump administration.
The authors examine the arguments for and against source-based capital income taxation, focusing on the factors that countries must balance in thinking about the extent to which they should rely on a corporate income tax as a significant source of revenue.