Housing Booms Manufacturing Decline And Labor Market Outcomes
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Manufacturing Decline Housing Booms And Non Employment
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Author : Kerwin Kofi Charles
language : en
Publisher:
Release Date : 2013
Manufacturing Decline Housing Booms And Non Employment written by Kerwin Kofi Charles and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Economics categories.
Housing Booms And Busts Labor Market Opportunities And College Attendance
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Author : Kerwin Kofi Charles
language : en
Publisher:
Release Date : 2015
Housing Booms And Busts Labor Market Opportunities And College Attendance written by Kerwin Kofi Charles and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Education, Higher categories.
We study how the recent national housing boom and bust affected college enrollment and attainment during the 2000s. We exploit cross-city variation in local housing booms, and use a variety of data sources and empirical methods, including models that use plausibly exogenous variation in housing demand identified by sharp structural breaks in local housing prices. We show that the housing boom improved labor market opportunities for young men and women, thereby raising their opportunity cost of college-going. According to standard human capital theories, this effect should have reduced college-going overall, but especially for persons at the margin of attendance. We find that the boom substantially lowered college enrollment and attainment for both young men and women, with the effects concentrated at two-year colleges. We find that the positive employment and wage effects of the boom were generally undone during the bust. However, attainment for the particular cohorts of college-going age during the housing boom remain persistently low after the end of the bust, suggesting that reduced educational attainment may be an enduring effect of the housing cycle. We estimate that the housing boom explains roughly 30 percent of the recent slowdown in college attainment.
Manufacturing Jobs And Inequality Why Is The U S Experience Different
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Author : Natalija Novta
language : en
Publisher: International Monetary Fund
Release Date : 2019-09-13
Manufacturing Jobs And Inequality Why Is The U S Experience Different written by Natalija Novta and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-13 with Business & Economics categories.
We examine the extent to which declining manufacturing employment may have contributed to increasing inequality in advanced economies. This contribution is typically small, except in the United States. We explore two possible explanations: the high initial manufacturing wage premium and the high level of income inequality. The manufacturing wage premium declined between the 1980s and the 2000s in the United States, but it does not explain the contemporaneous rise in inequality. Instead, high income inequality played a large role. This is because manufacturing job loss typically implies a move to the service sector, for which the worker is not skilled at first and accepts a low-skill wage. On average, the associated wage cut increases with the overall level of income inequality in the country, conditional on moving down in the wage distribution. Based on a stylized scenario, we calculate that the movement of workers to low-skill service sector jobs can account for about a quarter of the increase in inequality between the 1980s and the 2000s in the United States. Had the U.S. income distribution been more equal, only about one tenth of the actual increase in inequality could have been attributed to the loss of manufacturing jobs, according to our simulations.
Trade Wars Are Class Wars
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Author : Matthew C. Klein
language : en
Publisher: Yale University Press
Release Date : 2020-05-01
Trade Wars Are Class Wars written by Matthew C. Klein and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-01 with Business & Economics categories.
A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workers Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today’s trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace—and what we can do about it.
Foundations Of Real World Economics
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Author : John Komlos
language : en
Publisher: Taylor & Francis
Release Date : 2023-03-20
Foundations Of Real World Economics written by John Komlos and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-20 with Business & Economics categories.
The 2008 financial crisis, the rise of Trumpism, and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks remain frozen in time, continuing to uphold traditional policies as though nothing has happened. Foundations of Real-World Economics demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in mainstream models. Bringing together the work of key scholars like Kahneman, Minsky, and Schumpeter, this textbook takes into consideration the inefficiencies that arise when the perfectly competitive model is applied to the real world dominated by multinational oligopolies. The third edition has been updated throughout, bringing in new material on the financial crises, the rise of populism, racism, inequality, climate change, and the Covid-19 pandemic. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching as John Komlos focuses on the paradigm of humanistic economics.
Structural Changes In U S Labour Markets Causes And Consequences
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Author : Randall E. Eberts
language : en
Publisher: Routledge
Release Date : 2019-07-26
Structural Changes In U S Labour Markets Causes And Consequences written by Randall E. Eberts and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-26 with Business & Economics categories.
During much of the 1980s, US wage growth has been unexpectedly slow in the face of relatively low unemployment rates and high capacity utilization rates. This collection of papers resulting from the Wage Structure Conference held by the Federal Research Bank of Cleveland, November 1989, helps explain labour market behaviour in that period. The contributors - academic and research economists in labour economics - provide a comprehensive assessment of the current state of the wage-setting process in the US labour market.
The Redistribution Recession
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Author : Casey B. Mulligan
language : en
Publisher: Oxford University Press
Release Date : 2012-11-02
The Redistribution Recession written by Casey B. Mulligan and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-02 with Business & Economics categories.
Redistribution, or subsidies and regulations intended to help the poor, unemployed, and financially distressed, have changed in many ways since the onset of the recent financial crisis. The unemployed, for instance, can collect benefits longer and can receive bonuses, health subsidies, and tax deductions, and millions more people have became eligible for food stamps. Economist Casey B. Mulligan argues that while many of these changes were intended to help people endure economic events and boost the economy, they had the unintended consequence of deepening-if not causing-the recession. By dulling incentives for people to maintain their own living standards, redistribution created employment losses according to age, skill, and family composition. Mulligan explains how elevated tax rates and binding minimum-wage laws reduced labor usage, consumption, and investment, and how they increased labor productivity. He points to entire industries that slashed payrolls while experiencing little or no decline in production or revenue, documenting the disconnect between employment and production that occurred during the recession. The book provides an authoritative, comprehensive economic analysis of the marginal tax rates implicit in public and private sector subsidy programs, and uses quantitative measures of incentives to work and their changes over time since 2007 to illustrate production and employment patterns. It reveals the startling amount of work incentives eroded by the labyrinth of new and existing social safety net program rules, and, using prior results from labor economics and public finance, estimates that the labor market contracted two to three times more than it would have if redistribution policies had remained constant. In The Redistribution Recession, Casey B. Mulligan offers hard evidence to contradict the notion that work incentives suddenly stop mattering during a recession or when interest rates approach zero, and offers groundbreaking interpretations and precise explanations of the interplay between unemployment and financial markets.
Las Guerras Comerciales Son Guerras De Clases
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Author : Pettis Klein
language : es
Publisher: Capitán Swing Libros
Release Date : 2023-02-06
Las Guerras Comerciales Son Guerras De Clases written by Pettis Klein and has been published by Capitán Swing Libros this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-06 with Business & Economics categories.
Las disputas comerciales suelen entenderse como conflictos entre países con intereses nacionales contrapuestos, pero como demuestran Matthew C. Klein y Michael Pettis, a menudo son el resultado inesperado de decisiones políticas internas para servir a los intereses de los ricos a costa de los trabajadores y los jubilados de a pie. Klein y Pettis rastrean los orígenes de las actuales guerras comerciales en las decisiones tomadas por los políticos y los líderes empresariales de China, Europa y Estados Unidos en los últimos treinta años. En todo el mundo, los ricos han prosperado mientras los trabajadores ya no pueden permitirse comprar lo que producen, han perdido sus puestos de trabajo o se han visto obligados a endeudarse más. En este desafío a la corriente dominante que invita a la reflexión, los autores ofrecen una narración coherente que muestra cómo las guerras de clases de la creciente desigualdad son una amenaza para la economía mundial y la paz internacional, y lo que podemos hacer al respecto.
Four Essays On The Social Structure Of Urban Labor Markets
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Author : Theodore Dirk Mouw
language : en
Publisher:
Release Date : 1999
Four Essays On The Social Structure Of Urban Labor Markets written by Theodore Dirk Mouw and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Order From Chaos
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Author : Rosella Gardecki
language : en
Publisher:
Release Date : 1997
Order From Chaos written by Rosella Gardecki and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Labor market categories.
This paper examines the consequences of initial periods of churning,' floundering about,' or mobility' in the labor market to help assess whether faster transitions to stable employment relationships--such as those envisioned by advocates of school-to-work programs--would be likely to lead to better adult labor market outcomes. Our interpretation of the results is that there is at best modest evidence linking early job market stability to better labor market outcomes. We find that adult labor market outcomes (defined as of the late 20s or early to mid-30s) are for the most part unrelated to early labor market experiences for both men and women. This evidence does not provide a compelling case for efforts to explicitly target the school-to-work transition, insofar as this implies changing the structure of youth labor markets so that workers become more firmly attached to employers, industries, or occupations at.