Academic Literature

This category contains 259 posts

US Law School Class of 2010 – Job outcomes have improved only marginally

The law school Class of 2010 faced a bleak employment market. Nine months after graduation, only 87.6% of the class reported a job of any type. More than a tenth of the employed graduates were working part-time, and more than a fifth held jobs that did not require a law license. As the National Association … Continue reading

US – The population-wide impact of the Great Recession on mental health

Prevalence of major depression increased from 2.33 percent during the years 2005-2006 to 3.49 percent in 2009-2010 to 3.79 percent in 2011-2012, according to the study by Loyola University Chicago Stritch School of Medicine researchers. Prevalence of less-severe depression increased from 4.1 percent in 2005-2006 to 4.79 percent in 2009-2010, but then declined to 3.68 … Continue reading

Youth Unemployment in Australia – The impacts of the Global Financial Crisis on

Australia was one of the few OECD countries to emerge from the Global Financial Crisis (GFC) without facing a recession, usually defined as negative GDP growth for two consecutive quarters. However, the (overall) unemployment rate did increase following the GFC and has still not returned to the pre-GFC levels. Unemployment rates for youths went up … Continue reading

Unemployment and Parenthood – Its impact differs according to the relationship research finds

Unemployment leads to earlier entries into parenthood for both men and women. However, its impact differs according to the relationship status in which it is experienced. Unemployed men who cohabit and unemployed women who are single have a higher probability of becoming parents. Among married individuals the timing of parenthood is determined largely by the … Continue reading

Labor Market Polarization in US – Higher education and the Wage Gaps

The earnings gap between people with a college degree and those with no education beyond high school has been growing since the late 1970s. Since 2000, however, the gap has grown more for those who have earned a post-graduate degree as well. The divergence between workers with college degrees and those with graduate degrees may … Continue reading

Labour Market Deregulation – Positively related to current account surpluses research finds

In theory, labour market deregulation has two effects on an open economy’s current account balances. To the extent that it fosters future growth, it decreases current savings by consumption-smoothing households that anticipate an increase in their future income, and tends to make the current account more negative. But by making labour income flows more uncertain, … Continue reading

Vocational Education – Measuring the Specificity of Occupational Training Curricula

In this paper we analyze the training curricula of VET (vocational education and training) occupations using detailed data on learned skills from official trainings regulations. We explore how differences in the skill bundles of occupational curricula can be measured and how such differences affect graduates’ long-term labor market outcomes. Based on Lazear’s skill weights approach, … Continue reading

Vocational Education – Does more specific education lead to wage penalties ? No study finds

We analyze horizontal mismatch in Switzerland defined as a mismatch between the type of skills  acquired by students and the skills required for their job. We investigate the argument in the literature that the more specific an education system is, the higher are the wage penalties due to horizontal mismatch. Switzerland is an ideal case … Continue reading

EU – Labor force projections up to 2053 by level of educational attainment

A significant amount of research has been published on the potential economic consequences of population aging in developed economies. One topic that has received repeated attention is the expected shrinkage in absolute and relative terms of the working population between the ages 15 and 65. Concurrently, the share of people above the age of 65 … Continue reading

Displaced Workers – Why earnings fall

After being displaced from their jobs, workers experience reduced earnings for many years and are at greater risks of other problems as well. The ills suffered by displaced workers motivated several recent expansions of government programs, including the unemployment insurance system, and have spurred calls for wage insurance that would provide longer-run earnings replacement. However, … Continue reading

US – Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978 BLS finds

Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978; they also were less secure about the ease with which they would find a comparable job if they were separated. As might be expected, the two measures of job security track unemployment, although other factors certainly play a … Continue reading

Canada’s Labour Force Survey (LFS) – The 2015 revisions

The Labour Force Survey (LFS) provides estimates of employment and unemployment, which are among the most timely and important measures of performance of the Canadian economy. With the release of the survey results only 10 days after the completion of data collection, the LFS estimates are the first of the major monthly economic data series to be … Continue reading

Unemployment Insurance in US – Cut in benefit duration accounted for about 61 percent of the aggregate employment growth in 2014 NBER’s study finds

Our objective in this paper is to assess the effect of unemployment benefit extensions on employment. Measuring the magnitude of this effect is manifestly important for understanding the economic consequences of this widely used policy instrument. Yet, the existing literature provides little information on the size, let alone the sign of this effect. In the … Continue reading

$15 minimum Wage in US – The cost increases resulting from these measures could be absorbed by the fast-food industry not only without causing employment losses study finds

Over the past few years, there has been a growing movement in the United States to substantially raise the federal minimum wage, which has been fixed at $7.25 per hour since 2009. One widely embraced goal within this movement is to raise the federal minimum to $15 an hour. This would constitute a 107 percent … Continue reading

Skills Gap in US – Skill shortages are not a significant factor impeding current employment growth research finds

Consistent with the view that much of current unemployment must be structural rather than cyclical in nature, even as unemployment has been slow to fall from its recent high level, a number of reports have cited short- ages of skilled workers as a significant barrier to business expansion. A 2011 report by Deloitte and the … Continue reading

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