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Canada / Men with high school by 1991 earned $206,000 more over 20 years than than those who didn’t, women $161,000
A new study that followed a group of men and women for two decades reports that men who had finished high school by 1991 earned $206,000 more over those 20 years than men with no high school diploma. For women, the difference between the two groups was $161,000. The dollar figures are expressed in 2010 constant dollars to account for inflation Continue reading
The labor market implications of technological change in US
The rate of technological innovation obviously has major labor market effects. What is the relationship between new technological advances and the current skill distribution of the labor force? Continue reading
US / Declining labor force attachment and downward trends in unemployment and participation
The U.S. labor market witnessed two apparently unrelated secular movements in the last 30 years: a decline in unemployment between the early 1980s and the early 2000s, and a decline in participation since the early 2000s. Using CPS micro data and a stock-flow accounting framework, we show that a substantial, and hitherto unnoticed, factor behind … Continue reading
The trend toward later retirement has accelerated in most countries
The Great Recession had a large impact on unemployment rates and growth in wealthy industrial countries. When the recession began most rich countries were experiencing an increase in labor force participation rates after age 60 Continue reading
Long-Term Unemployment in US / A new team of five researchers at MIT
If there is a way out of America’s crisis of long-term unemployment, it\’s possible nobody has a better chance of finding it than a new team of five researchers based at the Massachusetts Institute of Technology. Their project, the Institute for Career Transitions, will take a data-driven approach to figuring out the best way to … Continue reading
From Defined Benefits To Defined Contributions / Firms save 2.7-3.6% of payroll per year research finds
Since the early 1980s, there has been a shift from defined benefit (DB) to defined contribution (DC) pension arrangements in the U.S. corporate sector. This shift has continued markedly over the past decade. In the late 1990s, assets in private sector DB and DC plans were each around $2 trillion. By the end of 2010, … Continue reading
Welfare and Work in US / Caseworkers would spend far more time on paperwork than they actually spend assisting program participants find employment study finds
Over the past decade, politicians and the press alike have claimed that welfare reform works. Despite these claims, many researchers question the success of welfare reform. Since 1996, and until the recent recession, many welfare participants in the United States have found some type of employment after leaving welfare. It is not clear how much … Continue reading
Older Workers / How long do older unemployed workers conduct their job searches before deciding to retire ?
Unemployed people who have these resources retire more rapidly than those who cannot afford to do so, regardless of their job prospects. The results suggest that for job separations that do not lead to an immediate retirement, about half of the jobless spells end in retirement and half in re-employment. Among jobless spells that do end in retire- ment, most do so within a year after separation. Continue reading
US / Young skilled immigrants raise the overall employment of skilled workers in firms study finds
Young workers account for a large portion of such skilled immigrants; for example, 90 percent of H-1B workers are under the age of 40. Given this context, the authors look specifically at the role of young skilled immigrants within more than 300 large employers and major patenting firms over the 1995-2008 period Continue reading
Muslim vs Christian candidates / An Experiment in Hiring Discrimination Via Online Social Networks in US
a minority of U.S. firms likely searched online for the candidates’ information. Hence, the overall The effect of experimental manipulations on interview invitations is small. However, in the field experiment, we find significant discrimination against the Muslim candidate compared to the Christian candidate among employers in more politically conservative states and counties. Continue reading
US / The steady-state unemployment rate stands currently at 6.7 percent
The actual unemployment rate converges toward this steady state UR Continue reading
The ‘Optimal’ unemployment insurance
Benefit-extension programmes reduce competition for jobs. Since the programme induces eligible job seekers to search less hard, non-eligible job seekers face lower competition and find jobs more easily Continue reading
What is full employment in Canada ? / Too few Canadians are unemployed to meet the inflation target writes CIBC
The Bank of Canada is careful to express the degree of slack in the economy through reference to the “output gap,” a measure tied to real GDP. That avoids ever having to say that too few Canadians are unemployed to meet the inflation target, but that’s really what’s implied when the output gap turns positive writes CIBC Continue reading
US / Okun’s Law says the economy is well below its potential
The basic logic that underlies Okun’s law has proven to be robust over the decades Continue reading
US Skills Gap / The Labor Market Polarization
the decline in the share of workers in middle-skill jobs is due both to a decline in inflows into these jobs and because of a rise in outflows from these jobs research finds Continue reading
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