Economic Policy Commons^™

Benefits Of Extended Unemployment Insurance On Post-Unemployment Outcomes, Alyssa Roche

Electronic Theses and Dissertations

This thesis investigates how unemployment insurance (UI) affects individuals during and after unemployment. Drawing on historical evidence from recent recessions in the United States, publicly available data, behavioral insights, and mathematical modeling, it argues that the benefits of extending UI outweigh the potential costs. The analysis incorporates a wide range of sources, including empirical economic studies using regression models and psychology and business research that highlight behavioral responses to financial stress and job insecurity. By combining quantitative data with behavioral context, the thesis offers a more comprehensive understanding of how extended UI influences job search decisions, wage outcomes, and overall …

Unemployment, Weekly Earnings, And Cost Of Living In Mountain West Metros, 2022, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on unemployment, weekly earnings, and cost of living for five Metropolitan Statistical Areas (MSAs) in the Mountain West states of Arizona, Colorado, Nevada, and Utah. The Ludwig Institute for Shared Economic Prosperity (LISEP). Local Analysis report includes data on the 50 largest MSAs in the U.S., which include the following in the Mountain West: Phoenix-Mesa Scottsdale, AZ; Tucson, AZ; Denver-Aurora-Lakewood, CO; Las Vegas-Henderson-Paradise, NV; and Salt Lake City, UT.

Post Covid-19 Recovery In Mountain West Metros, Zachary Walusek, Vanessa Booth, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on the economic effects of the COVID-19 pandemic and recession on Mountain West metros. The original report includes data on economic activity, labor market, and real estate trends.

Rethinking The "Phillips Curve" In Nigeria: Assessing The Unemployment-Inflation Nexus In A Non-Linear Framework, Oba Efayema Obukohwo, Hilda Enoh Olele

Bullion

The need to boost economic growth through policies that will simultaneously enhance employment and price stability cannot be overemphasized for a developing economy like Nigeria. This study thus seeks to ascertain the nexus between unemployment and inflation in Nigeria utilizing unemployment, and other control variables between 1980 and 2020 within a nonlinear framework, the study invalidated the inverse relationship. The study thus proposed that government should formulate and implement policies that will stimulate growth through an unemployment-inflation decelerating trajectory.

Nevada Job Gains/Losses, January 2020 - January 2022, Hira Ahmed, Joshua Padilla, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet displays county-level job gains and losses for 17 counties in Nevada, as reported in the March 2022 The Daily Yonder article “Most Recent Jobs Data Shows Rural Employment Is Nearly Back to Pre-Pandemic Level.”

Top Boomtowns In The Mountain West, Ally M. Beckwith, Caitlin J. Saladino, William E. Brown Jr.

Cities & Metros

This fact sheet highlights data on the top boomtowns in the Mountain West region in 2019 and 2021. The original SmartAsset report includes data on the rapid economic growth and prosperity in boomtown cities through new employment opportunities and residents.

Covid-19 And Nevada Counties: Employment Data, May 2019 And May 2021, Joshua Padilla, Katie M. Gilbertson, William E. Brown Jr.

Economic Development & Workforce

This fact sheet displays county-level employment data and unemployment rates for 17 counties in Nevada, as reported by The Daily Yonder article “Rural Employment Grew in May, but Fewer People Are Seeking Jobs” in July 2021. Bill Bishop and Tim Marema compiled data from the U.S. Bureau of Labor Statistics (BLS) for each county in the United States for May 2019 and May 2021.

Financial Stress In Mountain West Cities And Townships, 2020, Saha Salahi, Kristian Thymianos, Eshaan Vakil, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This factsheet highlights financial stressors facing 16 cities in four Mountain West states: Arizona, Colorado Nevada, and New Mexico. The data included are reported in the 2020 “SmartAsset Study” by Ben Geier.

Covid-19: Creative Class Job Loss In The Mountain West, Katie M. Gilbertson, Kelliann Beavers, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet summarizes Mountain West data on creative economy job losses in Arizona, Colorado, Nevada, New Mexico, and Utah, as reported in a recent Brookings report “Lost Art: Measuring COVID-19’s Devastating Impact on America’s Creative Economy.” Richard Florida and Michael Seman discuss the impact of the COVID-19 pandemic on job losses in “creative industries, which are comprised of firms and establishments that produce goods and services relating to music, film, design, advertising, fashion, art, and more.”

Covid-19: Projected Employment Change In The Mountain West, 2019 - 2029, Peter Grema, Madison Frazee-Bench, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet summarizes a report by Mark Muro and Yang You of the Metropolitan Policy Program at the Brookings Institution titled, “In some cities, the pandemic’s economic pain may continue for a decade.” Using February 2021 Bureau of Labor Statistics (BLS) economic baseline data, the original report projects employment change for states and metros from prior to the COVID-19 pandemic to 2029. This fact sheet summarizes the findings for Mountain West states (Arizona, Colorado, Nevada, New Mexico, and Utah) and the major metropolitan statistical areas (MSAs) in each state.

“You Never Know” Work And Precarity In Las Vegas Before And During Covid-19, Richard Reeves, Morgan Welch, Hannah Van Drie

Policy Briefs and Reports

In this brief we examine work and work-based policies in Las Vegas, Nevada – a theme that emerged strongly from focus group data collected in the fall of 2019. The middle-class Americans we talked with were concerned about upward mobility, the changing landscape of work as a result of automation and skills training, scheduling uncertainty, and employee benefits like time off and paid leave. The COVID-19 pandemic highlighted and exacerbated these pre-existing issues for many workers. Much of the policy agenda in the last year has been understandably reactionary, as policymakers addressed immediate issues such as unemployment insurance, keeping workers …

Explaining The Economic Impact Of Covid-19: Core Industries And The Hispanic Workforce, Aaron Klein, Ember Smith

Policy Briefs and Reports

As the United States prepares for a COVID-19 recovery, policymakers need to understand why some cities and communities were more vulnerable to the pandemic’s economic consequences than others. In this paper, we consider the association between a city’s core industry, its economic susceptibility to the pandemic, and the recession’s racially disparate impact across six select metropolitan areas. We find that areas with economies that rely on the movement of people—like Las Vegas with tourism—faced substantially higher unemployment at the end of 2020 than cities with core industries based on the movement of information. Further, we find the hardest-hit areas have …

Social Determinants Of Health: The Impact On Health Outcomes And Hospital Profitability, Danielle Mcpherson

Doctor of Business Administration Dissertations

Hospitals are experiencing decreasing profitability due to increasing healthcare cost. In this paper, I demonstrate that there is financial value to hospitals by addressing social determinants of health (SDOH) as this strategy improves health outcomes and yields cost savings. I estimate the impact of SDOH on the health outcomes using an IV probit regression analysis and estimated the impact of health outcomes on cost using a basic linear regression. I estimate that improving SDOH by one standard deviation will result in hospital cost savings as follows: addressing Violent Crime will decrease hospital cost between 0.16% and 0.21%, addressing Supplemental Nutrition …

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.

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.

Covid 19: Unemployment Claims In The Mountain West, Katie M. Gilbertson, Madison Frazee-Bench, Marie A. Falcone, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

The purpose of this fact sheet is to highlight the impact of the COVID-19 health crisis on unemployment claims in the Mountain West region. This fact sheet presents data gathered from Opportunity Insights and provides unemployment claims data for five Mountain West states (Arizona, Colorado, Nevada, New Mexico, and Utah) as of May 9, 2020.

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.

Editors’ Note: Fighting The Covid-19 Pandemic Financial Crisis, Andrew Metrick, Rosalind Z. Wiggins

Journal of Financial Crises

Policy makers need decision support as they consider their options. For the past six years the Yale Program on Financial Stability (YPFS), which also publishes the Journal of Financial Crises, has researched and created content about the numerous interventions governments deployed during the Global Financial Crisis (2007-09) and other crises. With the onset of the COVID-19 crisis, we considered how we could best deploy our past research and skills to assist the current crisis-fighting efforts. We decided that we could best contribute to the effort by staying true to our mission to create, disseminate, and preserve knowledge about financial crises …

The Pain In Spain: Examining Andalusia's Youth Unemployment Crisis, Bianca D. Lennon

Pell Scholars and Senior Theses

This paper examines the youth unemployment crisis in the autonomous community of Andalusia by assessing employment policies that are currently in place. Since the economic crisis nearly a decade ago, there has been very little change in the high rates of Andalusian youth unemployment, which as a whole, has left the region, the country and the European Union at risk due to a lack of inefficient policies. By utilizing anecdotal evidence paired with facts and figures released by the European Union, recommendations to adjust employment policies such as the Youth Guarantee and PRAEM are given in order to shine a …

The Great Recession And U.S. Safety Nets: The Case Of Temporary Assistance To Needy Families (Tanf), Vicky Albert

Brookings Scholar Lecture Series

The Great Recession

• Officially lasted from December 2007 to June 2009
• Most severe recession since Great Depression
• In the first quarter of 2012 about 30% of jobless workers had been unemployed for a year or longer
• From 2007 to 2009, real personal income per capita fell by 8.3 percentage points and many individuals dropped from the labor force

The Safety Nets for Families with Children

• Unemployment Insurance
• Medicaid
• Earned Income Tax Credit
• Supplemental Security Income (SSI)
• Subsidized Housing
• Temporary Assistance for Needy Families Program (TANF)

The Role Of Manufacturing In A Jobs Recovery, Susan N. Houseman

External Papers and Reports

No abstract provided.

Mountain Monitor-4th Quarter 2012, Kenan Fikri, Mark Muro

Mountain Monitor Quarterly

Indicators of economic recovery depicted continued progress in the major metropolitan areas of the Mountain West in the fourth quarter of 2012. The region’s employment recovery gained momentum, and solid home-price increases in the region contributed to the nation‘s broader housing recovery. Such inroads bode well for further advances in 2013. At the same time, the region’s output recovery slowed and unemployment refused to budge.

Three Essays On Fiscal Stress And Financial Stability In State Government Finance, James B. Gibson

Theses and Dissertations--Public Policy and Administration

State government finance is a substantial endeavor in the United States. The management of a multitude of revenues and expenditures often involves some level of fiscal stress. In an age of increased public scrutiny, policymakers must be mindful of possible causes of fiscal stress, and the policy options available to mitigate fiscal stress and increase financial stability. This dissertation contains three essays that examine different elements of fiscal stress, and in some cases, the applicable policy responses.

Chapter two examines rainy day funds and their countercyclical goal of reducing recessionary fiscal stress. This essay takes a different approach from much …

Mountain Monitor-3rd Quarter 2012, Mark Muro, Kenan Fikri

Mountain Monitor Quarterly

The major metropolitan areas of the Intermountain West finally put the housing bust behind them in the third quarter of 2012 and in most places made solid progress. House prices rose in all 10 major metropolitan markets in the months from June to September for the first time since the recession began. Likewise, output growth accelerated and the unemployment rate continued to fall. Unfortunately none of this prevented the region’s already feeble jobs recovery from slowing.

Mountain Monitor-2nd Quarter 2012, Mark Muro, Kenan Fikri

Mountain Monitor Quarterly

Data for the second quarter of 2012 reveal that the large metropolitan areas of the Mountain region were undergoing some of both the strongest and weakest economic recoveries in the nation—even as the pace of recovery across the region as a whole slackened. The result is a new geography. Crash-blasted Boise and Phoenix, along with Utah’s metropolitan areas, are now recovering relatively strongly while Colorado’s metropolitan areas and Albuquerque, Las Vegas, and Tucson struggle.

Mountain Monitor-4th Quarter 2010, Kenan Fikri, Jonathan Rothwell

Mountain Monitor Quarterly

The metros of the Intermountain West largely fell into two categories by the close of the fourth quarter of 2010 in December: those consolidating their gains from previous quarters on the way to recovery and those still struggling to turn around appreciably and reposition themselves for the next economy. Along those lines, three Intermountain West metros ranked in the top quintile of performers and three in the bottom at year’s end on a measure of overall performance that takes into account changes in employment levels, the unemployment rate, output (gross metropolitan product or GMP), and housing prices since the beginning …

Mountain Monitor-4th Quarter 2009, Mark Muro, Jonathan Rothwell

Mountain Monitor Quarterly

The Mountain West’s recovery from the Great Recession is spreading. Output is growing in every metropolitan area. Still, hiring remains elusive—a fact frustrating the entire nation, but perhaps more so in a region used to snapping, even roaring, back from recessions faster than the rest of the nation. Drawing on data covering the fourth quarter of 2009 (ending in December), this new Mountain Monitor—a companion product to Brookings’ national MetroMonitor and a quarterly resource produced by Brookings Mountain West, a partnership between Brookings and the University of Nevada at Las Vegas—surveys a region that is at once recovering and still …

Two Cheers For Feasible Regulation: A Modest Response To Masur And Posnera, David M. Driesen

College of Law - Faculty Scholarship

This article compares the relative merits of feasibility and cost-benefit based regulation, responding to a recent article by Jonathan Masur and Eric Posner on this topic. Normatively, it shows that the lack of correlation between non-subsistence consumption and welfare supports the argument that regulation should be strict, unless widespread plant shutdowns, which would seriously impact well-being, are involved. It shows that a host of practical defects Masur and Posner find in feasibility analysis would infect cost-benefit analysis as well. In light of the importance of cost's distribution, serious regard for individual well-being supports the feasibility principle better than a cost-benefit …

The Class Content Of Preferences Towards Anti-Inflation And Anti Unemployment Policies, Arjun Jayadev

Economics Faculty Publication Series

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 …

Michigan's Economic Competitiveness And Public Policy, Timothy J. Bartik, George A. Erickcek, Wei-Jang Huang, Brad R. Watts

Reports

No abstract provided.