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Journal Article
U.S. Job Polarization Persists
Job polarization has existed before, during, and since the Great Recession.
Journal Article
College degrees: why aren't more people making the investment?
The benefits of a college diploma are many, including higher pay, lower unemployment, maybe even better health. Yet many high school graduates still do not pursue a college degree. This article examines several key reasons why more people aren?t making this investment in themselves.
Briefing
Why Are Women Leaving the Labor Force?
The female labor force participation (LFP) rate has dropped steadily since 2000, especially among single women. At the same time, the percentage of single women has grown as a share of the female population, a trend that has increased the impact of the single women's LFP rate on the aggregate women's LFP rate. An analysis of data from the Current Population Survey shows that a growing percentage of single women who are not in the labor force are going to school. Meanwhile, an increasing share of married women list retirement as the reason for no longer participating in the labor force.
Journal Article
Aging and the Economy: The Japanese Experience
Because of its unusually high percentage of older people, Japan is heavily analyzed by other developed economies for studying the impact of aging on a macroeconomy. Does a large older population affect such things as output, inflation and labor force participation?
Journal Article
District Overview: Track Records for District, Nation Differ on Startups, Which Are an Important Driver of Job Growth
While the Eighth District?s track record on business startups is less impressive than that of the nation since 2006, the District performed better than the nation over the same time period in regard to business shutdowns.
Journal Article
Understanding the Gender Earnings Gap: Hours Worked, Occupational Sorting, and Labor Market Experience
This article documents life-cycle gender differences in labor market outcomes using longitudinal data of a cohort of individuals from the National Longitudinal Survey of Youth 1979. As in other datasets, the gender earnings gap increases with age. We find that hours worked and labor market experience are the most substantial observable variables in explaining the gender pay gap. We also focus on patterns in occupational changes over the life cycle, as a large part of pay growth occurs when workers change jobs. We find that college-educated men, on average, move into occupations with higher ...
Journal Article
Labor mismatch in the Great Recession: a review of indexes using recent U.S. data
Labor mismatch, also known as structural imbalance, can be defined as a poor match between the characteristics of unemployed workers and those required for vacant jobs. In the wake of the jobless recovery from the Great Recession, economists have sought to explain the coexistence of a high unemployment rate and increasing job openings as a mismatch phenomenon. This article reviews five studies that have contributed to the development of mismatch indexes and computes the corresponding indexes over the period May 2005?May 2012 using job vacancy data from the Conference Board Help Wanted OnLine ...
Journal Article
Job polarization leaves middle-skilled workers out in the cold
The economy has increased its demand for high-skilled (high-wage) workers, while opportunities for middle-skilled (middle-wage) jobs have declined. This ?job polarization? may require a shift in the sort of training that is encouraged for American workers.