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Academic Literature
Public sector jobs crowding out private jobs – Sheer mystical gobbledygook writes Krugman
Both Dean Baker and Josh Bivens weigh in Robert Samuelson’s outburst at the New York Times for saying that the government can too create jobs. (He went so far as to call it “flat-earth” thinking). Sadly, Samuelson’s attitude is widely shared — even, at least rhetorically, by Barack Obama. So let me not focus on … Continue reading
Displaced workers are faster to find jobs at new employers
“The empirical literature on the relationship between job mobility and earnings dynamics emphasize two distinctly different patterns. On the one hand are findings that job mobility yields increases in earnings for workers” write Bruce Fallick, John Haltiwanger, and Erika McEntarfer in Job-to-Job Flows and the Consequences of Job Separations (Choosen excerpts by JMM to follow) This view emphasizes that, … Continue reading
No evidence working older persons reduces the job opportunities of younger persons
Between December 2007 and May 2010, the employment rate dropped by 6 percent for men ages 25-54, but less than 1 percent for workers age 55 and older. The pattern for women was equally dramatic: the employment rate dropped by 3 percent for younger women and actually increased by almost 1 percent for older women … Continue reading
The effect of population growth on per capita GDP growth is negative in developing countries | Minh Quang Dao
Based on data from the World Bank and using a sample of forty-three developing economies, the author finds that the growth rate of per capita GDP is linearly dependent upon population growth, both the young and old dependency ratios, the mortality rate. Continue reading
Studying beyond age 25 – The case of Australia
Why should we keep studying beyond our mid-20s? ask Michael Coelli, Domenico Tabasso and Rezida Zakirova in Studying beyond age 25: who does it and what do they gain? (Adapted excerpts by JMM to follow) After all, education and training at a younger age provide for the longest period over which the return on the … Continue reading
US – Offshoring and middle-income workers
New evidence on the relationship between offshoring and polarisation In a new working paper, Lindsay Oldenski documents an empirical link between offshoring and the polarisation of the US labour market (Oldenski 2012). This study, which will be presented in November at both the Empirical Investigations in International Trade conference in Santa Cruz and the US Department of … Continue reading
China – The Growing Inequalities
“The China’s income gap becomes an increasingly serious problem at the present stage” write Lei SUN and Ying-jun SUN in Analysis on China’s Income Distribution at the Present Stage. (Chosen excepts by JMM to follow) It appears not only between the urban and rural residents, but also among different fields, different areas and so on. The … Continue reading
France : Fixing a broken social model
Taking as its starting point the programme and campaign of Nicolas Sarkozy in the presidential election of 2007 around the ‘value of work’, this article reviews and assesses the main reforms undertaken during the period of his presidency. It focuses on the reform of working time regulations through tax exoneration for overtime hours, minimum income … Continue reading
Labor Market Institutions – High unemployment rates have weakened the prime facie case for deregulation and less intervention
Labor Market Institutions: A Review of the Literature by Gordon Betcherman on worldbank.org looks at the findings of over 150 studies on the impacts of four types of labor market institutions: minimum wages, employment protection regulation, unions and collective bargaining, and mandated benefits. The review places particular emphasis on results from developing countries. Impacts studied are … Continue reading
Why Do Americans Work So Much More Than Europeans?
Americans now work 50 percent more than do the Germans, French, and Italians writes Edward C. Prescott Senior Monetary Adviser Research Department Federal Reserve Bank of Minneapolis. This was not the case in the early 1970s, when the Western Europeans worked more than Americans. His article examines the role of taxes in ac-counting for the … Continue reading
MANAGING SKILLED ECONOMIC MIGRATION IN EUROPE
Immigration has turned into a politically sensitive issue in almost all of the economically developed receiving states. Particularly in Europe, this situation has led to the replacement of post-war laissez-faire approaches to labour migration with tighter policies in a number of countries, influencing also the entry conditions of high-skilled migrants from the third countries in … Continue reading
The postindustrial employment problem and active labour market policy
Employment problems change over time. In the aftermath of the oil shocks of the 1970s, unemployment concerned mostly industrial workers who were laid off by restructuring industries write Giuliano Bonoli and Quartier Unil Mouline in The postindustrial employment problem and active labour market policy. Since the mid-1990s, however, industrial restructuring is less of an issue … Continue reading
Implications of EU Enlargement for India-EU Labour Mobility
1 May, 2004 marked the fifth and the largest European Union enlargement, with accessions for 10 countries, eight of which were Eastern European. Following this, another round of enlargement took place in 2007, which gave Bulgaria and Romania EU member status. –The introduction of these new States to the EU opened up a whole new … Continue reading
Economics has increasingly become an intellectual game
Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing. At least three Nobel laureates have expressed their concerns. At … Continue reading
Mismatch across industries and occupations explains at most one-third of the total observed increase in the unemployment rate reveals a study by the Federal Reserve Bank of New York Study
“We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate” write Aysegul Sahin, Joseph Song, Giorgio Topa, and Giovanni L. Violante in Mismatch Unemployment on newyorkfed.org. How much did mismatch contribute to the dynamics of U.S. unemployment around the Great Recession? To address this question, we … Continue reading
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