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Articles 31 - 60 of 68
Full-Text Articles in Economics
The Historically Low Summer And Year Round 2008 Teen Employment Rate : The Case For An Immediate National Public Policy Response To Create Jobs For The Nation’S Youth, Andrew Sum, Ishwar Khatiwada, Joseph Mclaughlin
The Historically Low Summer And Year Round 2008 Teen Employment Rate : The Case For An Immediate National Public Policy Response To Create Jobs For The Nation’S Youth, Andrew Sum, Ishwar Khatiwada, Joseph Mclaughlin
Andrew Sum
No abstract provided.
Labor Force Migration, Unemployment And Job Turnover, Gary S. Fields
Labor Force Migration, Unemployment And Job Turnover, Gary S. Fields
Gary S Fields
[Excerpt] In this paper, we show how labor turnover considerations can be integrated into the human investment theory of migration and demonstrate that such a model provides a much better explanation for migration rates into major metropolitan areas than the conventionally-used unemployment rate. The method used here may be of interest as well to researchers working on other human investment problems that also have a multi-period dimension.
Dead-End Jobs And Youth Unemployment: Comment, Ronald G. Ehrenberg
Dead-End Jobs And Youth Unemployment: Comment, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Charles Brown has very ambitiously attempted to analyze whether the existence of "dead-end jobs" contributes to the youth unemployment problem. He assumes that the average rate of wage growth of individuals initially employed in an occupation and the proportion of these individuals who remain employed in the same industry for five years are both inversely related to the probability that individuals initially employed in the occupation find themselves in dead end-jobs. His basic methodological approach involves using data from the 1/100 sample of the 1970 Census of Population to calculate both of these variables for each three-digit occupation, merging …
Editor’S Introduction To The Review Symposium On The Book Myth And Measurement: The New Economics Of The Minimum Wage, Ronald G. Ehrenberg
Editor’S Introduction To The Review Symposium On The Book Myth And Measurement: The New Economics Of The Minimum Wage, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Why has Myth and Measurement engendered so much controversy? In part, because it deals with the minimum wage. The minimum wage was the first piece of protective labor legislation adopted at the national level, and proposals to increase the minimum wage invariably lead to heated debate between labor and business interests. When a book co-authored by the then chief economist in the Clinton Labor Department purports to show that, contrary to received wisdom, minimum wage increases do not appear to have any diverse effects on employment, it is predictable that conservative critics will attack its findings.
Offshoring, Unemployment, And Welfare With Risk Averse Workers, Priya Ranjan
Offshoring, Unemployment, And Welfare With Risk Averse Workers, Priya Ranjan
Priya Ranjan
This paper studies the welfare and policy implications of offshoring when risk averse workers face the risk of unemployment. If offshored inputs can be easily substituted for domestic workers, then offshoring reduces wages and increases unemployment. In this situation, in the absence of any government intervention offshoring not only reduces the welfare of workers but could reduce aggregate welfare as well if workers are highly risk averse and the markets for insurance against unemployment risk are missing. In addition to unemployment insurance, the role of employment protection policies- severance payments and administrative cost of firing -in protecting workers against the …
O¤Shoring, Unemployment, And Welfare With Risk Averse Workers, Priya Ranjan
O¤Shoring, Unemployment, And Welfare With Risk Averse Workers, Priya Ranjan
Priya Ranjan
This paper studies the welfare and policy implications of offshoring when risk averse workers face the risk of unemployment. If offshored inputs can be easily substituted for domestic workers, then offshoring reduces wages and increases unemployment. In this situation, in the absence of any government intervention offshoring not only reduces the welfare of workers but could reduce aggregate welfare as well if workers are highly risk averse and the markets for insurance against unemployment risk are missing. In addition to unemployment insurance, the role of employment protection policies- severance payments and administrative cost of firing -in protecting workers against the …
The Gm-Uaw Metropolitan Pontiac Retraining And Employment Program (Prep), H. Hunt
The Gm-Uaw Metropolitan Pontiac Retraining And Employment Program (Prep), H. Hunt
H. Allan Hunt
No abstract provided.
Advance Notice Provisions In Plant Closing Legislation: Do They Matter?, Ronald Ehrenberg, George Jakubson
Advance Notice Provisions In Plant Closing Legislation: Do They Matter?, Ronald Ehrenberg, George Jakubson
Ronald G. Ehrenberg
This paper evaluates the cases for and against plant closing legislation. In spite of the growth of legislative efforts in the area, there has been surprisingly little effort devoted to analyzing what the effects are of existing plant closing legislation, of provisions in privately negotiated collective bargaining agreements that provide for advance notice in case of plant shutdowns and/or layoffs, and of voluntary employer provision of advance notice. The paper summarizes the results of previous research, and our own empirical analyses that used the January 1984 Bureau of Labor Statistics Survey of Displaced Workers, on the effects of advance notice …
Why Warn? The Impact Of Recent Plant-Closing And Layoff Prenotification Legislation In The United States, Ronald G. Ehrenberg, George H. Jakubson
Why Warn? The Impact Of Recent Plant-Closing And Layoff Prenotification Legislation In The United States, Ronald G. Ehrenberg, George H. Jakubson
Ronald G. Ehrenberg
[Excerpt] WARN was passed only after a decade of strenuous debate. We can now look back and address a number of issues it raised. What benefits did its proponents think would arise from the notice legislation, and what costs did its opponents think there would be? What public policies toward advance notice do other nations have? Did displaced workers in the United States receive advance notice before the passage of WARN? What do we know empirically about the effects on workers and firms of the provision of advance notice? What has experience under WARN taught us? Finally, what research issues …
Retirement Policies, Employment, And Unemployment, Ronald G. Ehrenberg
Retirement Policies, Employment, And Unemployment, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] There is a growing consensus among economists that reliance on aggregate demand policies alone will not be sufficient to move the economy to full employment with a nonaccelerating inflation rate, and that policies which alter the structure of labor markets will be required. While obvious structural policies such as public sector employment programs and training programs are the focus of current debate, many other public policies affect labor markets in subtle ways which may well adversely affect the level and distribution of employment and unemployment. To help improve the inflation-unemployment tradeoff, policymakers should seek to marginally modify these policies, …
The Impact Of Retirement Policies On Employment And Unemployment, Ronald Ehrenberg
The Impact Of Retirement Policies On Employment And Unemployment, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] This paper has focused on the impact of retirement policies on the level and distribution of employment and unemployment. All of the policies discussed, except for early retirement provisions in privately negotiated collective bargaining contracts were seen to have adverse effects on the level and distribution of employment. Hence, the paper illustrates the more general point that policies designed to promote one social goal may well detract from achieving other goals and suggests that more explicit attention should be given to the employment effects of social programs and legislation prior to their adoption.
Black Youth Nonemployment: Duration And Job Search: Comment, Ronald Ehrenberg
Black Youth Nonemployment: Duration And Job Search: Comment, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Holzer's paper has a number of attributes that I find very appealing. It focuses on an important topic and uses two different data bases to test the robustness of its findings. It uses alternative specifications of the variable of interest (reservation wages), examines the sensitivity of the results to alternative sets of control variables, uses a variety of statistical methods to confront a number of statistical issues, and honestly reports cases in which any of the above leads to differences in results. Finally, the paper does not claim more than the evidence warrants—a feature not present in enough academic …
The Class Content Of Preferences Towards Anti-Inflation And Anti Unemployment Policies, Arjun Jayadev
The Class Content Of Preferences Towards Anti-Inflation And Anti Unemployment Policies, Arjun Jayadev
Arjun Jayadev
This paper assesses class based preferences towards anti-inflationary and anti-unemployment policy. Using a consistent cross-country social survey, I find that the working class broadly defined, and those with lower occupational skill and status are more likely to prioritize combating unemployment rather than inflation. The result is robust to the inclusion of several plausible controls. The idea that the working class is less ‘relatively inflation averse’ is consistent with earlier predictions coming from large body of political economy research in the 1970s. The finding that inflation and unemployment aversion have a distinct class character has implications for current debates on the …
Poor Relief, Informal Assistance, And Short Time During The Lancashire Cotton Famine, George R. Boyer
Poor Relief, Informal Assistance, And Short Time During The Lancashire Cotton Famine, George R. Boyer
George R. Boyer
[Excerpt] This paper presents new evidence concerning the importance of poor relief as a source of income assistance for unemployed operatives during the Lancashire cotton famine. My comparison of weekly data on the number of relief recipients in 23 distressed poor law unions with estimates of weekly cotton consumption for the period November 1861 to December 1862 suggests that the average length of time between becoming unemployed and receiving poor relief was less than 2 months. This result is shown to be consistent with available evidence on working class saving. Given the meager amount of informal assistance available to them, …
[Review Of The Book Interwar Unemployment In International Perspective], George R. Boyer
[Review Of The Book Interwar Unemployment In International Perspective], George R. Boyer
George R. Boyer
[Excerpt] The book redresses two imbalances in the recent literature on interwar unemployment: its almost exclusive focus on the United States and Britain, and its predominantly macroeconomic nature. To achieve these goals, the editors encouraged the authors of the country studies to address a set of microeconomic issues, including the extent to which the incidence and duration of unemployment varied across economic and demographic groups, and the effect of unemployment on labor force participation and poverty. Two macroeconomic issues also are addressed in several of the papers: the effects of real wages and of unemployment insurance on unemployment. These two …
The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer
The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer
George R. Boyer
[Excerpt] Over the 85-year period from 1748/50 to 1832/34, real per capita expenditures on poor relief increased at an average rate of approximately 1 percent per year. There were also important changes in the administration of relief with respect to able-bodied laborers during the period. Policies providing relief outside of workhouses to unemployed and under-employed able-bodied laborers became widespread during the 1770s and 1780s in the grain-producing South and East of England. The so-called Speenhamland system of outdoor relief flourished until 1834, when it was abolished by the Poor Law Amendment Act. The aim of the thesis is to provide …
Including Jobs In Benefit-Cost Analysis, Timothy Bartik
Including Jobs In Benefit-Cost Analysis, Timothy Bartik
Timothy J. Bartik
No abstract provided.
The Evolution Of Unemployment Relief In Great Britain, George R. Boyer
The Evolution Of Unemployment Relief In Great Britain, George R. Boyer
George R. Boyer
[Excerpt] Relatively little has been written about unemployment relief during the period between the passage of the Poor Law Amendment Act in 1834 and the adoption of national unemployment insurance in 1911. This study is an attempt to help fill the gap in the literature. It examines the changing roles played by poor relief, private charity, trade unions, and public employment in the lives of the urban unemployed during cyclical downturns from 1834 to 1911. The story that emerges offers no support for a "Whig theory of welfare." Public assistance for the unemployed was more generous, and more certain, from …
The Poor Law, Migration, And Economic Growth, George R. Boyer
The Poor Law, Migration, And Economic Growth, George R. Boyer
George R. Boyer
The loss to the English economy caused by decreased migration resulting from relief payments to agricultural laborers is estimated. I conclude that, at worst, the Poor Law had a small negative impact on national product. If poor relief and wages were substitutes, the Poor Law may have had a positive impact on capital formation and economic growth.
Unemployment And The Uk Labour Market Before, During And After The Golden Age, Timothy J. Hatton, George R. Boyer
Unemployment And The Uk Labour Market Before, During And After The Golden Age, Timothy J. Hatton, George R. Boyer
George R. Boyer
During the ‘golden age’ of the 1950s and 1960s unemployment in Britain averaged 2 per cent. This was far lower than ever before or since and a number of hypotheses have been put forward to account for this unique period in labour market history. But there has been little attempt to isolate precisely how the determinants of wage setting and unemployment differed before, during and after the golden age. We estimate a two-equation model over the whole period from 1872 to 1999 using a newly constructed set of long-run labour market data. We find that the structure of real wage …
New Estimates Of British Unemployment, 1870-1913, George R. Boyer, Timothy J. Hatton
New Estimates Of British Unemployment, 1870-1913, George R. Boyer, Timothy J. Hatton
George R. Boyer
We present new estimates of the British industrial unemployment rate for 1870- 1913, which improve on the Board of Trade's prior estimates. We use similar sources, but our series includes additional industrial sectors, allows for short-time working, and aggregates the various sectors using appropriate labor-force weights from the census. The resulting index suggests a rate of industrial unemployment that was generally higher, but less volatile, than the board's index. We then adjust our series to an economywide basis, and construct a consistent time series of overall unemployment for 1870-1999.
Labour Institutions And Economic Development: A Conceptual Framework With Reference To Asia, Gary S. Fields
Labour Institutions And Economic Development: A Conceptual Framework With Reference To Asia, Gary S. Fields
Gary S Fields
[Excerpt] In this chapter, I set forth a framework for analysing how labour markets function under existing institutional arrangements and predicting how they would respond to alternative changes and policy interventions. I seek to blend logical rigour with institutional realism in a stylized way. My approach borrows from orthodox neoclassical analysis where relevant, and departs from those characterizations when the standard assumptions are empirically untenable.
Labor Retrenchment Laws And Their Effect On Wages And Employment: A Theoretical Investigation, Kaushik Basu, Gary S. Fields, Shub Debgupta
Labor Retrenchment Laws And Their Effect On Wages And Employment: A Theoretical Investigation, Kaushik Basu, Gary S. Fields, Shub Debgupta
Gary S Fields
Many countries have legislation which make it costly for firms to dismiss or retrench workers. In the case of India, the Industrial Disputes Act, 1947, requires firms that employ 50 or more workers to pay compensation to any worker who is to be retrenched. This paper builds a theoretical model to analyze the effects of such anti-retrenchment laws. Our model reveals that an anti-retrenchment law can cause wages and employment to rise or fall, depending on the parametric conditions prevailing in the market. We then use this simple model to isolate conditions under which an anti-retrenchment law raises wages and …
The Employment Problem In South Africa, Gary S. Fields
The Employment Problem In South Africa, Gary S. Fields
Gary S Fields
South Africa is experiencing a major employment problem that includes not only unemployment, but also low labour market earnings. In this article, Gary Fields discusses what can be done to alleviate South Africa's employment problem.
International Labor Standards And Decent Work: Perspectives From The Developing World, Gary S. Fields
International Labor Standards And Decent Work: Perspectives From The Developing World, Gary S. Fields
Gary S Fields
[Excerpt] It is a very positive development that the world community has now reached agreement on four core labor standards, described further below. The moral force of this agreement will help slow and possibly even reverse the infamous "race to the bottom"—for example, child labor in the carpet industries of India undermining Nepal's efforts to keep its carpet industry free of child labor (Hensman, 2000). Ironically, some of the loudest and most strident voices against international labor standards come from the poorest parts of the world. My thesis in this chapter is that while some of the arguments being voiced …
Poverty Effects Of The Minimum Wage: The Role Of Household Employment Composition, Gary S. Fields, Baran Han, Ravi Kanbur
Poverty Effects Of The Minimum Wage: The Role Of Household Employment Composition, Gary S. Fields, Baran Han, Ravi Kanbur
Gary S Fields
A change in a country’s minimum wage will in general affect the number of workers in covered sector employment, uncovered sector employment, and unemployment. The impact of these labor market adjustments on absolute poverty will depend on how the pattern of employment composition changes within households and on how income is shared within households. An earlier paper (Fields and Kanbur, 2007) focused on the income-sharing dimension of the problem. The present paper focuses on household employment composition. For a particular structure of the labor market— one with good jobs, bad jobs, unemployment, and adult and youth workers— and with a …
Poverty And Low Earnings In The Developing World, Gary S. Fields
Poverty And Low Earnings In The Developing World, Gary S. Fields
Gary S Fields
More than three billion people are poor by international standards, and essentially all are to be found in the low- and middle-income countries of Asia, Africa, and Latin America. The issues for understanding poverty in the developing world - among them, self-employment and household enterprises, agricultural work, casual employment, and informal work – differ from those in the developed world. Different policy issues predominate: stimulating economic growth, harnessing the energies of the private sector, increasing paid employment, and raising the returns to self-employment. This chapter details how the poorer half of the world’s people work and gives an overview of …
Offshoring And Labor Market Outcomes In The Presence Of Collective Bargaining, Priya Ranjan
Offshoring And Labor Market Outcomes In The Presence Of Collective Bargaining, Priya Ranjan
Priya Ranjan
This paper studies the implications of offshoring for unemployment and wages in a search unemployment framework when the wage is determined by collective bargaining. It shows that there is a non-monotonic relationship between the cost of offshoring and unemployment but the relationship between the cost of offshoring and wage is monotonic. Starting from a high cost of offshoring, a decrease in the cost of offshoring reduces unemployment first and then increases it. The wage is monotonically increasing in the cost of offshoring. Comparing autarky equilibrium with offshoring equilibrium, it finds that for a large range of the cost of offshoring, …
Vernon Briggs: Real-World Labor Economist
Vernon Briggs: Real-World Labor Economist
Vernon M Briggs Jr
[Excerpt] Vernon Briggs stepped into a wastebasket and launched my career as a labor economist. In the spring of 1969, I was sleepwalking through the undergraduate economics program at the University of Texas and sitting in Dr. Briggs’s labor economics class. He was vigorously making a point when his misstep off the small classroom stage produced a roar of laughter but did not break his train of thought. He woke me up; I thought, “Man, I want to be as passionate about my life’s work as this guy.
Spillovers Across Labor Markets In Search Models: Effects Of "Animal Spirits" And Offshoring, Devashish Mitra, Priya Ranjan
Spillovers Across Labor Markets In Search Models: Effects Of "Animal Spirits" And Offshoring, Devashish Mitra, Priya Ranjan
Priya Ranjan
We study the effects of additional distortions or shocks, such as a fair-wage constraint and/or the possibility of offshoring unskilled jobs, in a two-factor general equilibrium model of unemployment with search frictions. While the direct point of impact of such shocks is on unskilled workers, we also find interesting indirect spillover effects on skilled workers. A binding fair-wage constraint increases the unskilled unemployment rate and can at the same time lead to a higher unemployment rate and a lower wage for skilled workers, as compared to an equilibrium where fairness considerations are absent or non-binding. Introducing offshoring of unskilled jobs …