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Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods

November 12, 2018 Bilal 0

Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods https://ift.tt/2QAaCVm Longer-Run Effects of Anti-Poverty Policies on Disadvantaged Neighborhoods NBER Working Paper No. 25231 Issued in November 2018 NBER Program(s):Labor Studies, Public Economics We estimate the longer-run effects of minimum wages, the Earned Income Tax Credit, and welfare on key economic indicators of economic self-sufficiency in disadvantaged neighborhoods. Our strongest findings are twofold. First, the longer-run effects of the EITC are to increase employment and to reduce poverty and public assistance, as long as we rely on national as well as state variation in EITC policy. Second, tighter welfare time limits also […]

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World Development Report 2019: The Changing Nature of Work

October 16, 2018 Bilal 0

World Development Report 2019: The Changing Nature of Work https://ift.tt/2KKiPHD The World Development Report (WDR) 2019: The Changing Nature of Work studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance this appears to be unfounded. Work is constantly reshaped by technological progress. Firms adopt new ways of production, markets expand, and societies evolve. Overall, technology brings opportunity, paving the way to create new jobs, increase […]

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Occupations and Their Ideologies

September 19, 2018 Bilal 0

Occupations and Their Ideologies https://ift.tt/2w0ViJg Occupations are strongly sorted by ideology. Political scientist Adam Bonica has produced reliable and consistent estimates of ideological placement for a huge number of individuals, politicians, and organizations. As he writes here, he was especially struck by how extreme are the mean ideology scores for various occupations: Although the ideological orientation of these industries is not much of a surprise, the extent to which these industries favor the extreme, rather than moderate, wings of each party far surpassed my expectations. Some of the distributions more closely resemble what I would expect from occupations that were subject […]

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Finance and Econ From the Web: Night lights measure growth, why are rates so low, are bankers liberals or conservatives….

September 19, 2018 Bilal 0

I thought I’d have a separate “Best Of the Web” devoted to economics and finance. Below I’ve found 30 articles and academic papers on macro and finance. Some are easy reads and others are denser, but I’ve summarised each one. Oh, if you come across anything interesting that I’ve  missed, then flag it to me and I’ll include it in my next list.  Enjoy! North and South Korea at night , 1992 vs 2008

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The Online Gig Economy’s ‘Race to the Bottom’

September 5, 2018 Bilal 0

The Online Gig Economy’s ‘Race to the Bottom’ https://ift.tt/2LHTFVZ But that also means similarly talented people can charge equal rates, regardless of their actual qualifications, even if they live in countries that have vastly different costs of living—and that Americans and other skilled workers in the developed world have a particularly hard time competing. That’s partly why the Harvard economist Richard B. Freeman warned more than a decade ago that the growth of the global workforce, with its proliferation of educated workers everywhere, “presents the U.S. economy with the greatest challenge since the Great Depression.”Monika Taylor lives in the United […]

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Insecure, Low-Paying Jobs Can Become Good Jobs, If Cities Step Up

September 5, 2018 Bilal 0

Insecure, Low-Paying Jobs Can Become Good Jobs, If Cities Step Up https://ift.tt/2oGUswZ A 7-Eleven employee serves a customer in Santa Monica, California. Lucy Nicholson/Reuters Why Cities Must Take the Lead on Upgrading Service Jobs Millions of U.S. workers hold insecure jobs that don’t pay enough to support a family. That needs to change, and cities can lead the way. This Labor Day, with President Trump in office, it’s time to realize that the task of creating good jobs for more Americans rests with its cities. Just as cities have led on climate change and minimum wage, they should lead on […]

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How the U.S. economy turned six good jobs into bad ones

September 5, 2018 Bilal 0

How the U.S. economy turned six good jobs into bad ones https://ift.tt/2wCqGOs Sue Sweeney works on a transmission at her garage in Upper Darby, Pa., on Aug. 7. Auto repair and auto dealerships both figure high on the list of professions that are no longer a ticket to the middle class. (Dominick Reuter/AFP/Getty Images) (DOMINICK REUTER/AFP/Getty Images) Changes in the labor market have upended myriad jobs that used to pay well, dragging down wages and leaving millions of American workers feeling misled and frustrated. To illustrate this dynamic, we isolated six industries that provided an above-average weekly paycheck in the […]

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Brad DeLong hops aboard the “Employers have a Taboo against raising Wages” bandwagon

September 4, 2018 Bilal 0

Brad DeLong hops aboard the “Employers have a Taboo against raising Wages” bandwagon https://ift.tt/2PvfnP4  – by New Deal democrat For Labor Day Prof. Brad DeLong posted a talk on the implications (or not) of the US being near “full employment.” The arguments on a few of the pages will be familiar to readers of this blog: My only significant quibble here is that “Job Openings” rates from both the JOLTS reports and the NFIB (Small Business) survey have been soaring for over 2 years. If employers knew that they had to pay higher wages to attract workers, but didn’t want […]

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Robert Samuelson Says Our Wage Increases Went to Health Care, BLS Disagrees

September 4, 2018 Bilal 0

Robert Samuelson Says Our Wage Increases Went to Health Care, BLS Disagrees https://ift.tt/2LSerCk Robert Samuelson used his Labor Day column to tell us that our pay really didn’t end up in the pockets of rich people. The problem is that it all went to employer-provided health care insurance. The argument is that health care costs have vastly exceeded the overall rate of inflation. Since a standard health care benefit is larger as a share of the pay of a low-wage worker than a high-wage worker, the increased cost of the benefit took away the money that otherwise would have gone […]

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Measuring the Gig Economy: Current Knowledge and Open Issues — by Katharine G. Abraham, John C. Haltiwanger, Kristin Sandusky, James R. Spletzer

September 4, 2018 Bilal 0

Measuring the Gig Economy: Current Knowledge and Open Issues — by Katharine G. Abraham, John C. Haltiwanger, Kristin Sandusky, James R. Spletzer https://ift.tt/2wEM6KJ Measuring the Gig Economy: Current Knowledge and Open Issues NBER Working Paper No. 24950 Issued in August 2018 NBER Program(s):Labor Studies The rise of the “gig economy” has attracted wide attention from both scholars and the popular media. Much of this attention has been devoted to jobs mediated through various online platforms. While non-traditional work arrangements have been a perennial subject of debate and study, the perception that new technology is producing an accelerated pace of change […]