Showing 1 - 10 of 32
U.S. output has expanded only slowly since the recession trough in 2009, even though the unemployment rate has essentially returned to a pre-crisis, normal level. We use a growth-accounting decomposition to explore explanations for the output shortfall, giving full treatment to cyclical effects...
Persistent link: https://www.econbiz.de/10012953502
The goal of this paper is to ascertain whether older women's current and anticipated future labor force patterns have changed over time, and if so, to evaluate the factors associated with longer work lives and plans to continue work at older ages. Using data from both the Health and Retirement...
Persistent link: https://www.econbiz.de/10012983661
This paper examines the decentralization of employment using zip code data on employment by industry. Most American … cities are decentralized on average less than 16 percent of employment in metropolitan areas is within a three mile radius of … impact employment density which suggests that local government policies significantly influence the location of industry …
Persistent link: https://www.econbiz.de/10013213412
Studies of the firm's demand for factor inputs often assume a constant rate of utilization of the inputs and ignore the fact that the firm can simultaneously choose the level and the rate of utilization of its inputs. In particular, the literature on dynamic factor demand models has, until...
Persistent link: https://www.econbiz.de/10013139928
We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...
Persistent link: https://www.econbiz.de/10013124228
This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most...
Persistent link: https://www.econbiz.de/10012837195
The purpose of this paper is to estimate a model that incorporates the effects of financial decisions on production, profitability, and productivity growth. Asymmetric information generates agency costs of debt and signaling benefits of dividends which then influence production decisions. The...
Persistent link: https://www.econbiz.de/10012774849
Recent literature on the relationship between ethnic or racial segregation and outcomes has failed to produce a consensus view of the role of ghettos; some studies suggest that residence in an enclave is beneficial, some reach the opposite conclusion, and still others imply that any relationship...
Persistent link: https://www.econbiz.de/10012776962
Forecasts of the rate of price inflation play a central role in the formulation of monetary policy, and forecasting inflation is a key job for economists at the Federal Reserve Board. This paper examines whether this job has become harder and, to the extent that it has, what changes in the...
Persistent link: https://www.econbiz.de/10012761277
employment and capital stocks are the factors affecting Ramp;D expenditures. The effect of government financing of Ramp;D on …
Persistent link: https://www.econbiz.de/10012763464