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Journal Article
Working from Home: More Americans Are Telecommuting
Americans who primarily work from home represented 3% of full-time employees in 2017, up from 0.7% in 1980.
Working Paper
The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis
This paper uses the asynchronous cessation of emergency unemployment benefits (EUB) in 2021 to investigate the jobs impact of ending unemployment benefits. While some states stopped providing EUB in September, others stopped as early as June. Using the cessation month as an instrument, we estimate the effect on employment of reducing unemployment rolls. In the second month following a state’s program termination, for every 100 person reduction in beneficiaries, state employment causally increased by about 27 persons. The effect is statistically different from zero and robust to a wide array ...
Not All Bursting Market Bubbles Have the Same Recessionary Effect
The popped IT bubble ushered in an eight-month recession in 2001. The burst housing bubble resulted in the Great Recession (2007-09). Why the difference?
Journal Article
Anecdotal Evidence Suggests State Capacity Unrelated to COVID-19 Spread
The COVID-19 pandemic has underscored many societal issues, including the capacity of different world governments to contain the virus’ spread.
How COVID-19 Has Impacted Stock Performance by Industry
Aggregate market indexes such as the S&P 500 have fully recovered since the beginning of the pandemic, but not all sectors have performed equally well.
Journal Article
How the Death Rate Affects the Aging of the US Population
What is the effect of death rates on the increased average age of the US population?
Working Paper
The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis
This note uses the asynchronous cessation of emergency unemployment benefits (EUB) in 2021 to investigate the jobs impact of ending unemployment benefits. While some states stopped providing EUB in September, other states stopped in June and July. Using the cessation month as an instrument, we estimate the causal effect on employment of reducing unemployment rolls. In the first three months following a state’s program termination, for every 100 person reduction in beneficiaries, state employment causally increased by about 35 persons. The effect is statistically different from zero and ...
How Uneven Were the Labor Market Recoveries across U.S. States?
Some states finished 2021 with unemployment rates below their pre-pandemic levels, while most had rates still above levels before COVID-19.
Ending Pandemic Unemployment Benefits Linked to Job Growth
A new state-level analysis finds that ending emergency unemployment benefits had a statistically significant positive impact on employment.
Journal Article
World Population: What Helps Explain the Explosion?
A steep decline in India’s death rate from 1950 to 2019 substantially affected the size of the global population and reduced that nation’s median age relative to the U.S.