This paper studies the effects of a large welfare benefit reduction on the children in the affected families. The welfare cut targeted adult refugees who received residency in Denmark, and it reduced their disposable income by 30 percent on average over the first five years. We show that...

The global economy continues to expand at a moderate pace. The somewhat faster pace in the spring appears to have slowed again in the summer. In the United States, the economy is gradually losing momentum. At the same time, economic momentum in Europe remains low and a sustained economic...