The Limits Of Nudging: Why Can’t California Get People to Take Free Money?

first_imgLinos and Rothstein believe our tax system is too complicated, and that we should make claiming the EITC, and filing for taxes more generally, much simpler. Linos says the good news is that other countries provide examples of systems that don’t require mind-numbing paperwork to file for taxes or receive government benefits. … … … Nudges are simple, low-cost interventions aimed at gently guiding people to make better decisions. For example, making retirement plans the default option when you join a job, which has been shown to significantly increase the likelihood you save more for retirement. The California Policy Lab and its partners decided it would try and nudge workers to claim the EITC by sending them letters and text messages. The solution seemed like a no brainer: inform people how they can get free money, and they’ll get that free money! If only it were that simple. … “We found a very precise zero effect,” says Elizabeth Linos, a behavioral scientist at UC Berkeley who was also behind the study. Many of those who received the messages, she says, did visit the website advertised in the messages to help them sign up for the EITC. But in the end, they didn’t fill out the forms to receive their credit. They turned down free money. “We weren’t able to increase the rate at which people file for taxes and we weren’t able to increase the number of households that claim the EITC,” Linos says. … The Earned Income Tax Credit supplements incomes through the tax code, awarding thousands of dollars each year primarily to low-wage workers with kids. But there’s a problem: a huge population of eligible workers fails to file their taxes and get the money each year. In 2018, the state of California and the California Policy Lab, an interdisciplinary think tank of scholars from various University of California schools, started trying to solve this problem, and they commissioned one of the most fascinating experiments in “nudging” we’ve seen in a while. A dark view of the findings might write off this population as doomed to poverty because of bad decision-making and self-destructive behavior. But psychologist Eldar Shafir and economist Sendhil Mullainathan suggest a more charitable lens, which they call the “psychology of scarcity .” Their research suggests the poor bear a unique cognitive burden that hurts their decision-making. They work long hours. They have higher stress. They’re consumed with thinking about paying their rent, getting their kids medical care, and putting food on the table. Shafir and Mullainathan find these stresses lower their “mental bandwidth,” and it might help explain why so many low-income Californians are turning down free money. Read the whole story: NPR More of our Members in the Media >last_img read more

Apartment in Bundoran for mother would have been top of lotto winner’s list

first_imgThe sister of €130 million lotto winner Frances Connolly says her wealthy sibling would have loved to buy her late mum a holiday home in Bundoran.Ann Floyd said she hasn’t asked for a penny of her sister’s new-found wealth but is delighted for Frances.Ann, who lives in Spamount on the border between Tyrone and Donegal said her sister may have got her luck from her mum. She revealed “Mummy loved going on holidays to Bundoran in Donegal, and to play the slot machines.“She got a great thrill of seeing is she would win.“I think if she had been here now, Frances would have to get her an apartment down by the sea and keep supplying the coins for Mammy – and she would too, that’s the kind of person Frances is.“Frances is so generous and has always been. If Frances only had a tenner and you said you needed a fiver, she’d give it to you and do without it herself. That’s the kind of woman she is.” Ann and her hubby Patrick say they have made out a list of 50 people whim they will give some money to after their huge windfall last week.Apartment in Bundoran for mother would have been top of lotto winner’s list was last modified: January 11th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:apartmentbundorandonegallottomillionairesTyronelast_img read more

Korea Line Cancels Bid to Buy Hanjins Stake in US Terminal

first_imgzoom South Korean shipping company Korea Line Corp., part of SM Group, has decided to withdraw from the race for Hanjin Shipping’s stake in US Port of Long Beach container terminal, the firm revealed in its stock exchange filing.The company withdrew its bid after local media reported it may propose a joint acquisition of the stake in Hanjin’s terminal to Hyundai Merchant Marine (HMM).Hanjin’s 54% stake in terminal operator Total Terminals International (TTI), which operates two facilities in Long Beach and Seattle, is estimated to be worth around KRW 400 billion (USD 342.5 million).The remaining 46% stake is held by Swiss-based shipping company Mediterranean Shipping Company (MSC).Last month, Korea Line inked a KRW 37 billion (USD 31.4 million) agreement to purchase the Asia-US route network from Hanjin. Scheduled to be finalized on January 5, 2017, the deal includes Hanjin’s business network and client information related to the route and subsidiaries and logistics management systems in seven countries.California’s container terminal also attracted the attention of further two shipping giants as MSC and HMM jointly placed a bid for Hanjin’s stake in the terminal in early December.Following Hanjin’s court receivership filing in late August 2016, the company started selling assets to decrease its debt.World Maritime News Stafflast_img read more

Mom of Indigenous man shot dead by police What did he do

first_img(The family of Joey Knapaysweet released this photo and a statement Thursday about his recent death. Above he is seen with his mother Micheline Knapaysweet taken just before his death.)The Canadian PressTORONTO – The grieving mother of a young Indigenous man killed by police in northern Ontario spoke out Thursday, saying the family remains in shock and still doesn’t understand why her son died.In a statement from the remote community of Fort Albany, Ont., Micheline Knapaysweet said the family needs answers about the death of her son, Joey Knapaysweet.“What did he do that was so bad that he had to be shot and killed?” Micheline Knapaysweet said. “I am so heartbroken, with so many questions unanswered.”Police in Timmins, Ont., shot 21-year-old Joey Knapaysweet on Feb. 3, in an as-yet unexplained incident that raised racial tensions in the city and sparked anger from the Indigenous community.The province’s police watchdog, the Special Investigations Unit, is looking into the incident and has said officers responded mid-morning to a health-care building and a man fled.“There was an interaction between the man and officers, and one of the officers discharged a firearm,” the unit said in a statement. “The man was struck. He was taken to hospital where he was later pronounced dead.”His death prompted scores of people to attend a vigil – among them Timmins Mayor Steve Black – and denunciation from Indigenous leaders.Joey Knapaysweet was from the James Bay community of Fort Albany – more than an hour’s flight from Timmins. He had gone to Timmins to “seek help in dreams for betterment of his life,” according to his mother’s statement.His mother also released two photographs, including the last one of them together just before he left home.“I cannot sleep at nights, I need answers,” she said. “This is my son, my child.”The family asked for privacy, saying they were not yet ready to speak directly to the media.Black, who urged calm after what he said was a rare shooting, has acknowledged that relations between Indigenous and non-Indigenous people in the city took a hit.Knapaysweet died the same weekend as Agnes Sutherland, an ailing 62-year-old also from Fort Albany, who had been in police custody after an incident at a shelter. The Special Investigations Unit is looking into her death as well.The deaths, along with the acquittal last week of white farmer Gerald Stanley in Saskatchewan in the 2016 killing of a young Cree man, Coulten Boushie, have cast a harsh spotlight in recent weeks on attitudes toward Indigenous people.The Stanley verdict sparked protests across the country along with condemnation from the federal justice minister, with critics calling the justice system biased against Indigenous people.last_img read more