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“The CFPB received more than 2,300 private student loan complaints and more than 1,300 debt collection complaints related to student loans between October 1, 2013, and March 31, 2014. This mid-year update discusses specific co-signer issues reported by borrowers. Approximately 90% of private student loans were co-signed in 2011. Many private student lenders advertise an option to release a …
News release: “All of us at the Luxembourg Income Study Database (LIS) are delighted that the New York Times (NYT) chose to launch their exciting new venture — The Upshot — with an extensive report, Losing the Lead, based on the LIS data. The Upshot, led by Pulitzer Prize winning economics journalist David Leonhardt, premiered today. The NYT report includes additional information about the data and a note …
“…AFL-CIO President Richard Trumka unveiled the 2014 Executive PayWatch today. According to its data, U.S. CEOs – the highest paid in the world – pocketed, on average, $11.7 million in 2013 compared to the average worker who earned $35,293. That means CEOs were paid 331 times that of the average worker. Many of the CEOs highlighted …
“In October 2013, 65.9 percent of 2013 high school graduates were enrolled in colleges or universities, the U.S. Bureau of Labor Statistics reported today. Recent high school graduates not enrolled in college in October 2013 were over twice as likely as enrolled graduates to be working or looking for work–74.2 percent compared with 34.1 percent. Information on school enrollment and …
CRS – Returning to Full Employment: What Do the Indicators Tell Us? Marc Labonte, Specialist in Macroeconomic Policy. April 15, 2014. “Until recently, the economy and labor market were experiencing an unusually slow recovery from the longest and deepest recession since the Great Depression compared to other expansions since World War II. The rapid decline in the unemployment rate …
Interpreting Deviations from Okun’s Law. Mary C. Daly, John Fernald, Òscar Jordà, and Fernanda Nechio “Arthur Okun (1962) described the consistent relationship between changes in output and changes in unemployment that has become a standard tool for monetary policymakers and forecasters. The statistical relationship he uncovered has come to be known as Okun’s law. A simple …
An Evaluation of the Inflationary Pressure Associated with Short- and Long-term Unemployment. Michael T. Kiley. April 16, 2014. “In the years following 2009, long-term unemployment has been very elevated while inflation has fallen only moderately, raising the question of whether the long-term unemployed exert less downward pressure on prices than the short-term unemployed, perhaps because such potential workers are …
Report of the President’s Working (PWG) Group On Financial Markets. The Long-Term Availability and Affordability ofInsurance for Terrorism Risk. Completed pursuant to 15 U.S.C. 6701 note § 108(e) April 2014. “Consistent with the 2006 and 2010 PWG reports, this Report draws its data and conclusions from commentssubmitted in response to the PWG Notice, particularly data provided by two …
Wealth and Inheritance in the Long Run. Thomas Piketty, Paris School of Economics; Gabriel Zucman, London School of Economics and UC Berkeley. April 6, 2014. “This article o ers an overview of the empirical and theoretical research on the long run evolution of wealth and inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up until World War …
DEPARTMENT OF HEALTH AND HUMAN SERVICES: Solicitations of Support for Enroll America, GAO-14-305R: Published: Mar 21, 2014. Publicly Released: Apr 21, 2014. INTERNAL REVENUE SERVICE: Absorbing Budget Cuts Has Resulted in Significant Staffing Declines and Uneven Performance, GAO-14-534R: Published: Apr 21, 2014. Publicly Released: Apr 21, 2014. PRIVATE PENSIONS: Pension Tax Incentives Update, GAO-14-334R: Published: Mar 20, 2014. Publicly Released: Apr 21, …
Barry P. Bosworth, The Brookings Institution; Kathleen Burke, Consumer Financial Protection Bureau: “This analysis uses data from the Health and Retirement Study (HRS) to examine the sources of variation in mortality for individuals of varying socio-economic status (SES). The use of the HRS allows a distinction between education and a measure of career earnings as primary determinants of socio-economic …
BLS – “Employment in large metropolitan areas – From February 2013 to February 2014, nonfarm employment rose in 33 of the 38 metropolitan areas with annual average employment levels above 750,000 in 2013, decreased in 4 areas, and was unchanged in Kansas City, Missouri-Kansas. CHART IMAGE CHART DATA In February 2014, the largest over-the-year percentage …
