Tag Archives: Labor

Hysteresis & the Unemployment Problem

Summers and Blanchard have a paper on Hysteresis in Europe in the 1980s in which they discuss three main potential causes of hysteresis, which is a very high dependence of current employment on past unemployment. The three causes are (1) physical … Continue reading

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Policy Implications of the Rise of Robots

After the forum that I posted about yesterday, there was a Q&A with Larry Summers. I asked him about the policy implications of living in a world of “Doers” and whether that should change how we think about pro-capital vs … Continue reading

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The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis

Gabe Chodorow-Reich, who is also a coauthor on one of the more compelling studies showing that the stimulus was effective at creating jobs, has a job market paper on the link between conditions on wall street and employment on main street. When … Continue reading

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The Determinants and Welfare Implications of US Workers’ Diverging Location Choices by Skill: 1980-2000

From Rebecca Diamond: ABSTRACT: From 1980 to 2000, the substantial rise in the U.S. college-high school graduate wage gap coincided with an increase in geographic sorting as college graduates increasingly concentrated in high wage, high rent metropolitan areas, relative to lower … Continue reading

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How Long Will it Take to Get to 6.5 Percent Unemployment?

Not soon according to the Hamilton Project:

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Firms & Rising Inequality

Some of the most prominent theories of rising wage inequality emphasize changes in the supply of highly-educated workers, skill-biased technical change, changing labor market institutions, as well as variation in wages across occupations, industries, and geography. David Card has highlighted some … Continue reading

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Why Krugman isn’t quite right on Education & the Rise of Robots

In a recent post on the Rise of Robots, Krugman argues that growing capital-biased technical change undermines the need for better education: If this is the wave of the future, it makes nonsense of just about all the conventional wisdom … Continue reading

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