Tag Archives: Jobs

Recessions and the Costs of Job Loss

Failing to address the jobs crisis adequately has enormous and long-lasting consequences for workers: ABSTRACT We develop new evidence on the cumulative earnings losses associated with job displacement, drawing on longitudinal Social Security records from 1974 to 2008. In present-value … Continue reading

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What books do top CEOs, policymakers, academics, etc recommend reading this year?

Barry Eichengreen sends us to Bloomberg’s interesting compilation of 2012 book recommendations from CEO, policy makers, investors, economists, academics and authors. The most popular picks were Robert A. Caro’s “The Passage of Power: The Years of Lyndon Johnson,” “Volcker: The Triumph … Continue reading

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Lessons from a Half Century of Federal Individual Income Tax Changes

This chart shows how income tax liabilities have changed each year for the five income quintiles over the past half century.  Here are a few things to notice: We love cutting income taxes. Almost all of the changes are tax … Continue reading

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What economic problem keeps Larry Summers up at night?

What about the economy now keeps you in cold sweats at night?  I worry for the medium and long term about where the jobs are going to come from for those with fewer skills. One in five men between 25 … Continue reading

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The Growing Burden of Payroll Taxes

Here’s a column on reforming the payroll tax that I wrote in NYTimes Economix today: Payroll taxes and corporate income taxes accounted for an equal share of federal tax revenue in 1969. By 2009, payroll taxes generated more than six times as much … Continue reading

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Facts are Stubborn Things: High Income Tax Rates and Job Creation

Throughout the campaign and through the fiscal cliff discussions, Republicans have consistently espoused the idea that modestly raising top marginal rates will destroy job creation. For instance, here is Sen Lindsey Gram from ABC’s “This Week”, “[T]o avoid becoming Greece, … Continue reading

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The jobs report, in six charts

The jobs report, in six charts.

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Enrico Moretti on the Future of Manufacturing

Q: Both presidential candidates pledge to restore the U.S. manufacturing industry. Some economists say that’s essential; others say it’s impossible. What’s your take?  A: The last two years have been good years for manufacturing employment, but they are the exception. … Continue reading

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Tax Cuts for Job Creators – Summary

Mark Thoma summarized my recent NYTimes Economix piece with Laura Tyson nicely: Tax Cuts for Job Creators, by Laura D’Andrea Tyson and Owen Zidar, Commentary, NY Times: The centerpiece of Mitt Romney’s tax plan is an across-the-board 20 percent cut … Continue reading

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Christy Romer on the Effectiveness of the Recovery Act

The most successful of these studies focus on the variation in Recovery Act spending across states. Some of this variation resulted from differences in the recession’s severity. For example, there was much more spending on unemployment insurance in Michigan than … Continue reading

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