Job Market Monitor
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Gender and the Recession in UK | Better outcome for women is the result of a rise of 172,000 in self-employment
Comparing the labour market situation at the outset of the recession with the latest available official data shows that men overall have fared less well than women. By the start of 2012 there were 387,000 fewer men in work (a net fall of 2.4%) than in the first quarter of 2008. By contrast the number … Continue reading
Employers and Young Talents | Do not rely on the market for talent writes ManpowerGroup
As a series of demographic and economic shifts intensely converge, creating a “Human Age,” a range of population groups are being alienated from work opportunities in the global economy writes ManpowerGroup in Wanted: Energized, Career-Driven Youth. (Adapted excerpts by Job Market Monitor following) Young workers are most affected and have been labeled a lost generation of … Continue reading
U.S. Entrepreneurship | Immigrants were more than twice as likely to start businesses each month in 2011
The Kauffman Index of Entrepreneurial Activity is a leading indicator of new business creation in the United States and is presented a very comprehensive report. (Adapted Report excerpts by Job Market Monitor following) The Kauffman Index reveals important shifts in the national level of entrepreneurial activity and shifts in the demographic and geographic composition of new entrepreneurs across … Continue reading
Georgia | Some of highest income taxes on the working poor
Tuesday is the last day to file state and federal income tax returns. The deadline comes near the release of a report by the Washington-based Center on Budget and Policy Priorities, which says Georgia levies some of the nation’s highest income taxes on the working poor. The report says Georgia is one of only 15 … Continue reading
U.S. | Measuring the increase in income inequality before-tax and after-tax
Social scientists and philosophers have been concerned with issues surrounding the distribution of income or income inequality for over 200 years—the economist and philosopher Adam Smith discussed these issues as early as 1776. Academic writers have been writing on income inequality measurement issues for at least a century. Policy makers have also long been interested … Continue reading
Trends in Canada’s Payroll Taxes
This short paper is the first in a new Caledon series, caledon social statistics. Using a combination of illustrative graphs and explanatory text, the series will explore social programs, tax benefits and trends in low income and other major social and economic indicators. In addition to income taxes, Canadians pay employment-related taxes, known as payroll … Continue reading
Labour Market Regulations : Policy makers do not necessarily have a comprehensive approach
Mariya Aleksynska and Martin Schindler provide descriptive statistics showing that there exists substantial heterogeneity in labor market institutions across regions and income groupings, and that much of the sample variation is driven by institutional changes over time in low- and middle-income countries in Labor Market Regulations in Low-, Middle- and High-Income Countries: A New Panel Database published bu imf.org. (Adapted excerpts by … Continue reading
Algeria | Unemployment and Labor Market Issues
Davide Furceri analyzes unemployment and labor market developments in Algeria and assess the factors that may hamper employment creation in Unemployment and Labor Market Issues in Algeria published by imf.org.(adapted excerpts by Job Market Monitor) He suggests that the relative low output-employment elasticities and rigid labor market are the main factors behind the still high level of unemployment, particularly among the … Continue reading
U.S. Taxes Rates | Wealthiest pay 40% less than 50 years ago while middle class pay roughly the same
Michael Greenstone and Adam Looney of The Hamilton Project – Brookings Institute examine the progressivity of the U.S. tax code and highlight two facts: the current U.S. tax system is less progressive than the tax systems of other industrialized countries, and considerably less progressive today than it was just a few decades ago. The figure below shows how much … Continue reading
Employer Tax Credits May Be a Useful Policy Tool
The 2007 Expansion of the Work Opportunity Tax Credit (WOTC) Program Increased Employment Among Disabled Veterans concludes Paul Heaton in The Effects of Hiring Tax Credits on Employment of Disabled Veterans published by rand.org. (adapted excerpts by Job Market Monitor to follow) Among the myriad federal programs available to assist unemployed veterans, few have been subjected to the rigorous empirical evaluation … Continue reading
U.S. CONGRESSIONAL BUDGET OFFICE | How To Respond to Persistently High Unemployment
The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking … Continue reading
Transitioning into Retirement: The MetLife Study of Baby Boomers at 65
Despite the popular belief that Baby Boomers will continue to work well past the traditional retirement age of 65, those born in 1946 are retiring in droves, according to Transitioning into Retirement: The MetLife Study of Baby Boomers at 65. This study is a follow–up to the 2008 MetLife Mature Market Institute study, Boomer Bookends: … Continue reading
Raising the Normal Retirement Age for Social Security Would Lead to Increase in Inequality
Social Security remains the most important source of income for most Americans in their retirement. Nonetheless, there are many proposals for cutting benefits that get serious consideration, including increasing the normal retirement age. A new report from the Center for Economic and Policy Research examines the impact of raising the Social Security retirement age and … Continue reading
Who Is the Most Unemployed?
As the recent recession and recovery have demonstrated, the storms and lulls in the labor market are rarely felt evenly among its participants. A variety of factors, including education and industry concentration, mean that some groups will remain vulnerable to job losses. However, as the economic recovery gains speed, the employment prospects for all workers should continue to improve. Continue reading
U.N. | First World Happiness Report Launched
The happiest countries in the world are all in Northern Europe (Denmark, Norway, Finland, Netherlands). Their average life evaluation score is 7.6 on a 0-to-10 scale. The least happy countries are all poor countries in Sub-Saharan Africa (Togo, Benin, Central African Republic, Sierra Leone) with average life evaluation scores of 3.4. But it is not … Continue reading
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