An examination of the effect of mergers and acquisitions on the Fourth Federal Reserve District economy during the past three decades, using data from 37 companies in Cleveland, Cincinnati, and Pittsburgh.

An analysis of the role of employers in wage-setting across three Fourth Federal Reserve District labor markets--Cleveland, Cincinnati, and Pittsburgh--during the years 1955-1988.

A discussion of how wages have remained stable in the current expansion, resulting from changes in the industrial composition of employment and a more flexible process of labor.

A market-based approach to understanding the widening income gap between college graduates and less-educated workers in the 1980s--a phenomenon that reflects the changes fueled by foreign competition and by technological advances--and an analysis of the far-reaching implications of continued...

When economic activity slows down, labor markets may undergo extensive structural change-the permanent reallocation of workers across industries. Job losses can be heavy, and creating new jobs and retraining displaced workers to fill them can take time. A high degree of restructuring may help to...

The current recovery has seen steady growth in output but no corresponding rise in employment. A look at layoff trends and industry job gains and losses in 2001-03 suggests that structural change - the permanent relocation of workers from some industries to others - may help explain the stalled...

Recent concerns about the transfer of U.S. services jobs to overseas workers have deepened long-standing fears about the effects of trade on the domestic labor market. But a balanced view of the impact of trade requires that we consider jobs created through the production of U.S. exports as well...

A look at how the dwindling manufacturing base in the Midwest's 10 major metropolitan areas has transformed them into service centers for their surrounding communities, which have picked up many of the factory jobs that have left the cities.

The authors examine 39 years of wage data for workers in mobile occupations within a set of employers in three midwestern cities. They study wage changes during years of rising, falling, and steady inflation to identify regularities that could broaden understanding of the inflationary process at...