Digital Commons Network^™

Stock Market Correlations To Economic Indicators, Anthony K. Quandt

Honors Theses

For this project, I researched how representative the S&P 500 (a common index of choice to represent the market) is of the economic well-being of the US. I found that stock market data can be used an as indicator of the economic well-being of the U.S.. The results do not indicate that the stock market leads to recovery, but it does suggest that it is correlated with recovery. In my analysis, I compared the S&P 500 performance to four different economic indicators: Real Gross Domestic Product (GDP), The Consumer Price Index (CPI), Average Weekly Private Wages, and Unemployment Rate. A …

Income In The Off-Season: Household Adaptation To Yearly Work Interruptions, John Coglianese, Brendan M. Price

Upjohn Institute Working Papers

Joblessness is highly seasonal. To analyze how households adapt to seasonal joblessness, we introduce a measure of seasonal work interruptions premised on the idea that a seasonal worker will tend to exit employment around the same time each year. We show that an excess share of prime-age U.S. workers experience recurrent separations spaced exactly 12 months apart. These separations coincide with aggregate seasonal downturns and are concentrated in seasonally volatile industries. Examining workers most prone to seasonal work interruptions, we find that these workers incur large earnings losses during the off-season. Lost earnings are 1) driven mainly by repeated separations …

Income In The Off-Season: Household Adaptation To Yearly Work Interruptions, John Coglianese, Brendan M. Price

Upjohn Institute Policy and Research Briefs

No abstract provided.

5 Big Ideas In Inequality: Good Jobs - V, Timothy J. Bartik

Presentations

No abstract provided.

Visualizing Vulnerable Jobs In Nevada, Peter Grema, Vanessa Booth, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This Fact Sheet summarizes data on Nevada and its metropolitan statistical areas (MSAs) from the national report “Visualizing Vulnerable Jobs Across America,” by Marcela Escobari, Natalie Geismar, and Dhruv Gandhi of the Brookings Institution. Data from the original report and accompanying database are used to highlight the total number and share of vulnerable jobs in the Silver State during the COVID-19 pandemic.

Understanding Unemployment Statistics (Activity), Tom Martin

Open Educational Resources

When you see unemployment statics in the news – such as, “unemployment rises to 11%” – are you certain that you are interpreting them correctly? This short activity will help you to understand unemployment statics in all of their nuance and complexity.

How Many Americans Have Lost Jobs With Employer Health Coverage During The Pandemic?, Paul Fronstin, Stephen A. Woodbury

External Papers and Reports

ISSUE: During the COVID-19 pandemic, most states issued lockdown orders that closed many workplaces. The ensuing job losses may have left millions of workers without employer health coverage.

GOAL: To estimate how many workers lost jobs that came with employer-sponsored insurance (ESI) — by industry, age, and gender — during the pandemic.

METHODS: Health insurance coverage data were used to generate the proportion of workers with ESI, by various characteristics. Data on unemployment benefit recipients were used to generate the proportion of workers who lost jobs because of the pandemic. We apply the proportion of workers with ESI to the …

Covid-19: Nevada Counties With Low-Income Job Loss, Katie M. Gilbertson, Madison Frazee-Bench, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

The purpose of this fact sheet is to highlight low-income job loss due to COVID-19 in Nevada’s 17 counties. This fact sheet features data originally reported by the Urban Institute in the publication, “Where Low-Income Jobs are Being Lost to COVID-19,” which highlights data as of June 5, 2020.

The Long-Term Labor Market Effects Of Parental Unemployment, Bernhard Schmidpeter

Upjohn Institute Working Papers

I investigate the impact of parental unemployment on children’s educational attainment and long-run labor market outcomes in Austria. I find that parental unemployment shortly before an important educational decision by parents for their children lowers a child’s probability of holding a university degree by more than 5 percentage points. I do not find that income is affected at the beginning of a child’s labor market career along the distribution, but I find a gradual deterioration later on. A substantial share of these long-term losses can be explained by the lower parental investment decision. My results emphasize the intergenerational and long-lasting …

The Us Employment Situation Using The Yale Labor Survey, Christopher Foote, William D. Nordhaus, Douglas Rivers

Cowles Foundation Discussion Papers

This study presents the design and results of a rapid-fire survey that collects labor market data for households in the United States. The Yale Labor Survey, or YLS, uses an online panel from YouGov to replicate the Current Population Survey (CPS), which is the source of the government’s monthly household statistics. Questions in the YLS concern current and retrospective employment, hours, and income. Because the YLS draws upon an existing pool of potential respondents, it can generate responses inexpensively and quickly (within 24 hours). Moreover, the YLS can develop new questions in real time to study unusual patterns of work …

Socioeconomic Indicators And Economic Impact Analysis Of Firekeepers Casino And Hotel, Jim Robey

Reports

No abstract provided.

Assessing Community Needs: City Of Toledo And Lucas County, Ohio, Jim Robey, Stephen Biddle, Don Edgerly, Marie Holler, Brian Pittelko, Claudette Robey, Kathleen Bolter, Tom Schorgl

Reports

At the core of issues in Lucas County and, in particular, the City of Toledo is poverty. While this does not necessarily provide an “Aha!” moment, current conditions that contribute to being economically disadvantaged in many areas of the city and county affect not only current residents but will also affect future residents—without meaningful and targeted interventions. It is beyond the scope of the Toledo Community Foundation, or any single institution for that matter, to unilaterally address the range of issues presented in this study. Remedying these issues must be accomplished through the coordination and leveraging of resources, including public, …

Job Duration And Match Characteristics Over The Business Cycle, Ismail Baydur, Toshihiko Mukoyama

Research Collection School Of Economics

This paper studies the cyclical behavior of job separation and the characteristics of matches between workers and jobs. We estimate a proportional hazard model with competing risks, distinguishing between different types of separations. A higher unemployment rate at the start of an employment relationship increases the probability of job-to-job transitions, whereas its effect on employment-to-unemployment transitions is negative. We then build a simple job ladder model to interpret our empirical results. A model with two-dimensional heterogeneity in match (job) characteristics has the same qualitative features as the data. Once the model is extended to include cyclicality in the offered match …

Labor Market Policies In A Roy-Rosen Bargaining Economy, Hugo Jales, Zhengfei Yu

Center for Policy Research

We study the effects of labor market policies using a bargaining model featuring compensating differentials (Rosen, 1986) and self-selection (Roy, 1951). The framework allows us to create a taxonomy of formal and informal employment. We use the model to estimate the effects of the minimum wage for the Brazilian economy using the “PNAD" dataset for the years 2001-2005. Our results suggest that, although the minimum wage generates unemployment and reallocation of labor to the informal sector, the policy might be desirable if the employment losses are concentrated in jobs characterized by low surplus.

Place-Based Policy: An Essay In Two Parts, Timothy J. Bartik

Upjohn Institute Policy Papers

Place-based policies that increase jobs in local labor markets can have large benefits, but current policies need reforms. Local job growth can have large benefits by increasing local employment-to-population ratios (employment rates). These employment rate benefits are larger if jobs are created in local labor markets that are distressed, or if new jobs are matched to the local nonemployed. Current place-based policies are mostly business tax incentives, provided by state and local governments. These incentives are costly per job actually created by the incentive. More cost-effective job creation are public services to businesses, such as customized job training or business …

Employment And Food During Coronavirus, Meredith T. Niles, Farryl Bertmann, Emily H. Morgan, Thomas Wentworth, Erin Biehl, Roni Neff

College of Agriculture and Life Sciences Faculty Publications

Key Findings

1. 45% of respondents with jobs experienced some type of job disruption or loss. 19.7% had a reduction in hours or income, 9.3% had been furloughed, and 15.5% had lost their job since the coronavirus outbreak.

2. 38.5% of respondents experiencing job loss or disruption since the outbreak were classified as food insecure.

3. Respondents experiencing job disruption or loss were significantly more likely to be already implementing food purchasing or eating changes and concerned about food access compared to those who did not experience a change in employment.

4. Respondents with job disruption or loss were significantly …

Call Center Jobs To Mitigate Unemployment And Isolation Problems Amid Coronavirus Crisis In The United States, Pepin Kazadi

Student Papers in Local and Global Regional Economies

The global economy is undoubtfully under threats of the novel coronavirus. Government and local authorities have taken precaution measures to mitigate the spread of the virus. Shutdowns and social distancing restrictions, taken in the context of fighting the spread of the virus, have prompted an unpredicted slowdown of the global economy. In the United States, the economic disruptions due to the pandemic have terribly increased the unemployment level. About 22.034 million of Americans have filed for unemployment benefits since March 21, 2020 (Mutikani, 2020). In addition, working hours have been reduced. Small businesses, such as food and beverage services, hotels, …

States Lack Adequate Unemployment Insurance Reserves, Christopher J. O'Leary

Upjohn Institute Policy and Research Briefs

No abstract provided.

Variability In U.S. Labor Markets: A Presentation To The Workers’ Compensation Research Institute, Michael Horrigan

Presentations

No abstract provided.

Pandemic Lockdown Must Fail: Save Lives Without Crippling The Economy, Larry Hirschhorn, Phd

School of Continuing and Professional Studies Coronavirus Papers

In the following working paper, I want to make a plea for what I am calling a “reverse quarantine”—quarantining people who are over 65 (who number 52 million), before they get sick. We need to complement this policy with federally funded and locally organized efforts to support seniors in place, drawing on the wellsprings of American pragmatism, the capacity to respond in emergencies, American volunteerism, and neighbor-to-neighbor assistance. We can’t turn quarantine into imprisonment. We must work as hard as we can to create a psychological sense of community at a moment when, paradoxically, social distancing is driving us apart. …

Does A Change In Immigration Affect The Unemployment Rate In Host Countries? Evidence From Australia, Mostafa Aboelsoud, Anas Alqudah, Eman Elish

Economics

is study examines and evaluates the dynamic causality relationship between immigration, unemployment, wages and GDP per capita in host countries with a focus on Australia. Previous research has indicated that the economic impact of immigration is significant; nonetheless, its effect on the labour market being positive or negative is inconclusive. This study uses a Vector Error Correction Model (VECM) to examine the dynamic short- and long-run nexus between these variables in Australia over the period 1980–2016. The paper provides clear evidence to policymakers on the positive spillover effect of immigration policies developed by the Australian government.