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Biggest increase among those caring for family: “The number of fathers who do not work outside the home has risen markedly in recent years, up to 2 million in 2012. High unemployment rates around the time of the Great Recession contributed to the recent increases, but the biggest contributor to long-term growth in these “stay-at-home fathers” is the rising …
“Gallup, in partnership with Purdue University and Lumina Foundation, [on May 6, 2014] released results from the inaugural Gallup-Purdue Index that finds there is no difference in workplace engagement or a college graduate’s well-being if they attended a public or private not-for-profit institution, a highly selective institution, or a top 100-ranked school in U.S. News & …
Laver, Roberto, Systemic Corruption: Considering Culture in Second-Generation Reforms (June 5, 2014). Edmond J. Safra Working Papers, No. 45. Available at SSRN: http://ssrn.com/abstract=2446657 “This paper is about systemic corruption and its cultural drivers. Corruption remains a key obstacle to development and overcoming poverty in the vast majority of nations worldwide. Countries with relatively good governments and …
Heidi Shierholz – Economic Policy Institute: “With the addition of 217,000 jobs in May, the U.S. labor market has now surpassed its pre-recession employment peak, a benchmark (the pre-recession employment peak) which is of zero economic interest. Given the growth in the potential labor force since December 2007, we should have added 7.0 million jobs since then, but instead …
Economic Policy Institute – Josh Bivens, Elise Gould, Lawrence Mishel, and Heidi Shierholz | June 4, 2014 “Our country has suffered from rising income inequality and chronically slow growth in the living standards of low- and moderate-income Americans. This disappointing living-standards growth—which was in fact caused by rising income inequality—even preceded the Great Recession. Fortunately, income inequality and middle-class living …
“Among the 36 million people 1 year and over who moved between 2012 and 2013, 5 percent said the most important reason for moving was to be closer to work or for an easier commute, while another 8 percent cited the desire for cheaper housing, according to a report released today by the U.S. Census …
What Americans (Don’t) Know about Student Loan Collections, Basit Zafar, Zachary Bleemer, Meta Brown, and Wilbert van der Klaauw. Federal Reserve Bank of New York, June 5, 2014. “U.S. student debt has more than tripled since 2004, and at over $1 trillion is now substantially greater than both credit card and auto debt balances. There are substantial …
New Working Papers June 4, 2014: Credit growth, monetary policy, and economic activity in a three-regime TVAR model Globalisation, pass-through and the optimal policy response to exchange rates Measuring economic slack: A forecast-based approach with applications to economies in Asia and the Pacific A shadow policy rate to calibrate US monetary policy at the zero …
“The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) on the methodology for identifying Global Systemically Important Institutions (G-SIIs), final draft Implementing Technical Standards (ITS) on special disclosure rules applicable to G-SIIs, and final guidelines on special disclosure rules for large institutions. The identification of G-SIIs in the EU is aligned …
Summary of Commentary on Current Economic Conditions by Federal Reserve District: “Economic activity in the Second District has continued to grow at a moderate pace since the last report. Prices of finished goods and services remained generally stable, and businesses report modest upward pressure on input prices. Manufacturers report that business activity has picked up considerably …
“The Federal Reserve is announcing new collateral margins for discount window lending and payment system risk purposes, effective July 1, 2014. These changes stem from the most recent review of margins and valuation practices that the Federal Reserve periodically conducts, as well as the incorporation of updated market data. The new collateral margins table can …
More than one in five individuals with children had trouble in 2013 “With some of the world’s wealthiest countries among their ranks, Organization of Economic Co-operation and Development (OECD) member states may seem like unlikely places for many residents to report problems affording food. But rising numbers of residents in OECD countries — particularly those …
