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This paper explores the potential impact of the Federal Reserve Board’s decision on interest rates on the budget deficit. The first part recounts the history of the 1990s surplus, correcting the widely held misunderstanding that this surplus was achieved by the Clinton administration’s tax...
Persistent link: https://www.econbiz.de/10011196383
Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession, but in this … paper we find little support for either of two arguments that suggest that structural unemployment has been on the rise. The … first argument focuses on the large increase in unemployment among construction workers. The second argument is that falling …
Persistent link: https://www.econbiz.de/10008867484
system of unemployment compensation, with shorttime compensation as an alternative to unemployment compensation. This means …) already have short-time compensation as an option under their unemployment insurance system. In these states a governmental …
Persistent link: https://www.econbiz.de/10009144917
The official concept of “long-term unemployment,” while useful, is incomplete and, in some cases, even potentially …-term unemployment in two ways. First, we encourage shifting from a narrow focus on long-term unemployment toward a broader concept of …-term unemployment – including “discouraged” and “marginally attached” workers and those involuntarily working part-time jobs – face long …
Persistent link: https://www.econbiz.de/10009398262
Recently governments, economists, and international financial institutions have been debating the merits of further fiscal stimulus to combat the Great Recession versus fiscal austerity or “adjustment” – that is, higher taxes and/or lower government spending – to combat budget deficits....
Persistent link: https://www.econbiz.de/10008671782
period of high unemployment, when it is reasonable to expect the beneficial effects of volunteering to be especially …
Persistent link: https://www.econbiz.de/10010667721
measures of long-term hardship by race and gender, education, and age. In addition to the conventional long-term unemployment … Bureau of Labor Statistic’s “U-6” alternative unemployment rate, which adds “discouraged” workers, the “marginally attached …,” and workers who are “part-time for economic reasons” to the official unemployment rate. …
Persistent link: https://www.econbiz.de/10009652357
Most parents with below-poverty incomes who are raising minor children are married. The failure of many policy elites to recognize the extent of marital poverty covers up the profound economic struggles of millions of married parents. This paper concludes that to reduce marital poverty and...
Persistent link: https://www.econbiz.de/10010615444
Following the most recent recession, an attempt has been made to explain current levels of unemployment as resulting … from structural unemployment, or a mismatch between the skills of the unemployed and the types of jobs available. The … other will lead to very different policy solutions, it is important to accurately assess the cause of unemployment. This …
Persistent link: https://www.econbiz.de/10010579001
In 1982, the United States experienced the highest annual unemployment rate since the Great Depression – 9.7 percent …. In principle, that rate is directly comparable to the 8.1 percent seasonally adjusted unemployment rate for February 2009 …, and suggests that current unemployment is still not as bad as it was in 1982. The official unemployment rate, however …
Persistent link: https://www.econbiz.de/10004999572