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Why Labor Force Participation (Usually) Increases When Unemployment Declines, by Andreas Hornstein, Federal Reserve Bank of Richmond, Economic Quarterly, Vol. 99, No. 1, First Quarter 2013, pp.1-23 “Unemployment and labor force participation (LFP) are usually negatively correlated over the business cycle, that is, once the unemployment rate starts to decline the LFP rate starts to increase after about …
Saving for Retirement with Job Loss Risk by Borys Grochulski and Yuzhe Zhang. Federal Reserve Bank of Richmond, Economic Quarterly, Vol. 99, No. 1, First Quarter 2013, Pages 45-81. “This article studies a tractable theoretical model of optimal consumption and saving decisions with endogenous retirement. Particular attention is paid to the impact of an increase in the risk of …
Letter to President Obama from the President’s Council of Advisors on Science and Technology (PCAST), December 13, 2013 [snipped] “After only two years of practical experience with MOOCs and related technologies, it is too early to tell whether substantial gains in the quality of instruction, access, achievement, and cost will be realized. But there is no question that …
The Atlantic – A record year for stocks. A meh year for wages. A weird year for Wall Street, by Matthew O’Brien “Maybe it’s just me, but the last few years are getting tough to tell apart. Imagine a quiz question: Name that year where we threw obstacles in the recovery’s way, but kept growing slowly; where Europe avoided both …
“A new interactive infographic from the Kaiser Family Foundation presents a comprehensive look at how the uninsured are expected to fare in each state next year after the Affordable Care Act (ACA) takes full effect on Jan. 1. The ACA provides new coverage options for many of the nation’s 47 million nonelderly uninsured people across the income spectrum, …
“Consumers are conducting more and more of their daily business online and through their mobile devices. They use the Internet and their smart phones and tablets to make purchases, research medical conditions, plan vacations, interact with friends and relatives, do their jobs, map travel routes, and otherwise pursue their interests. With these activities, consumers are …
Suggestion – put this blog on your reading list – Stirling Behavioural Science Blog and start with this posting – The 15 Best Behavioural Science Graphs of 2010-13
News release: ” Regional and state unemployment rates were generally lower in November. Forty-five states and the District of Columbia had unemployment rate decreases from October and five states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-two states had unemployment rate decreases from a year earlier, seven states and the District of Columbia had increases, and …
Overview of projections to 2022 – Employment Projections staff. The Monthly Labor Review presents the release of the Bureau of Labor Statistics biennial labor force, output, and employment projections for the 2012–2022 period. Labor force projections to 2022: the labor force participation rate continues to fall, December 2013 The U.S. economy to 2022: settling into a new …
“In coming decades, the aging of the population, rising health care costs, and the expansion of federal subsidies for health insurance will put increasing pressure on the federal budget. At the same time, by 2020, if current laws generally remained in place, federal spending apart from that for Social Security and major health care programs …
Center for Economic and Policy Research – Getting Back to Full Employment by Jared Bernstein and Dean Baker, “is a follow-up to a book written a decade ago by the authors, The Benefits of Full Employment (Economic Policy Institute, 2003). It builds on the evidence presented in that book, showing that real wage growth for workers in the bottom …
Nanotechnology: A Policy Primer, John F. Sargent Jr., Specialist in Science and Technology Policy. December 16, 2013 “Nanoscale science, engineering, and technology—commonly referred to collectively as nanotechnology—is believed by many to offer extraordinary economic and societal benefits. Congress has demonstrated continuing support for nanotechnology and has directed its attention primarily to three topics that may affect the realization of this …
