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The Great Recession has been hard on recent college graduates, but it has been even harder for black recent college graduates. This report examines the labor-market outcomes of black recent college graduates using the general approach developed by Federal Reserve Bank of New York researchers...
Persistent link: https://www.econbiz.de/10010862301
From the early 1990s through the peak of the last business cycle, relatively low U.S. unemployment rates seemed to make the United States a model for the rest of the world’s economies. The Organization for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), and...
Persistent link: https://www.econbiz.de/10005256263
Private equity, hedge funds, sovereign wealth funds and other private pools of capital form part of the growing shadow banking system in the United States; these new financial intermediaries provide an alternative investment mechanism to the traditional banking system. Private equity and hedge...
Persistent link: https://www.econbiz.de/10009651285
issue brief looks at data that contradicts the suggestion that so many people are out of work because they lack skills. …
Persistent link: https://www.econbiz.de/10009651287
In this paper, we attempt to paint a demographic portrait of long-term hardship in the labor market. We display various measures of long-term hardship by race and gender, education, and age. In addition to the conventional long-term unemployment rate, we also show a broader measure that captures...
Persistent link: https://www.econbiz.de/10009652357
Relative to any of the most common benchmarks – the cost of living, the wages of the average worker, or average productivity levels – the current federal minimum wage of $7.25 per hour is well below its historical value. These usual reference points, however, understate the true erosion in...
Persistent link: https://www.econbiz.de/10010540201
During the negotiations over raising the debt ceiling, President Obama proposed cutting the annual cost of living adjustment for Social Security by switching to an index that would show a lower measured rate of inflation. This alternative index, the chained consumer price index (CCPI-U), shows...
Persistent link: https://www.econbiz.de/10009322492
facing extended, sometimes permanent, spells without work. This report proposes rethinking our understanding of long … complementing the standard measure of long-term unemployment, which reports the share of the unemployed who have been out of work …
Persistent link: https://www.econbiz.de/10009398262
Over the last two decades, high – and, in some countries, rising – rates of low-wage work have emerged as a major … political concern. If low-wage jobs act as a stepping stone to higher-paying work, then even a relatively high share of low …-wage work may not be a serious social problem. If, however, as appears to be the case in much of the wealthy world, low …
Persistent link: https://www.econbiz.de/10009649731
This paper uses data from the Current Population Surveys for 1980 through 2011 to review trends in health-insurance coverage rates for low-wage workers (defined as workers in the bottom fifth of the wage distribution in each survey year). In 2010, over 38 percent of low-wage workers lacked...
Persistent link: https://www.econbiz.de/10009649732