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Working Paper
Shipping Prices and Import Price Inflation
During the pandemic there have been unprecedented increases in the cost of shipping goods accompanied by delays and backlogs at the ports. At the same time, import price inflation has reached levels unseen since the early 1980s. This has led many to speculate that the two trends are linked. In this article, we use new data on the price of shipping goods between countries to analyze the extent to which increases in the price of shipping can account for the increase in U.S. import price inflation. We find that the pass-through of shipping costs is small. Nevertheless, because the rise in ...
Working Paper
Shipping Prices and Import Price Inflation
During the pandemic there have been unprecedented increases in the cost of shipping goods accompanied by delays and backlogs at the ports. At the same time, import price inflation has reached levels unseen since the early 1980s. This has led many to speculate that the two trends are linked. In this article, we use new data on the price of shipping goods between countries to analyze the extent to which increases in the price of shipping can account for the increase in U.S. import price inflation. We find that the pass-through of shipping costs is small. Nevertheless, because the rise in ...
St. Louis Fed Research Associates Discuss Work and Experiences
RAs help the St. Louis Fed’s staff of economists investigate topics ranging from productivity to unemployment.
Retirements Surge for Older Workers during COVID-19
Though retirement decisions vary by different age groups, the COVID-19 pandemic increased retirement rates for those age 66 and older.
Working Paper
Where Did the Workers Go? The Effect of COVID Immigration Restrictions on Post-Pandemic Labor Market Tightness
During the COVID pandemic there were unprecedented shortfalls in immigration. At the same time, during the economic recovery, the labor market was tight, with the number of vacancies per unemployed worker reaching 2.5, more than twice its pre-pandemic average. In this paper, we investigate whether these two trends are linked. We do not find evidence to support the hypothesis that the immigration shortfalls caused the tight labor market for two reasons. First, at the peak, we were missing about 2 million immigrant workers, but this number had largely recovered by February 2022 just as the ...
Family Needs Affect U.S. Labor Participation of Prime-Age Workers
The share of people ages 25-55 who are out of the U.S. labor force because they’re taking care of family or the home rose sharply during the pandemic.
Do Congested Ports Cause Higher Shipping Costs?
An analysis of changes in the cost to ship to major U.S. ports suggests that rising costs varied more by the country of origin than by the port of entry.
Journal Article
Shipping Prices and Import Price Inflation
During the pandemic, there have been unprecedented increases in the cost of shipping goods accompanied by delays and backlogs at the ports. At the same time, import price inflation has reached levels unseen since the early 1980s. This has led many to speculate that the two trends are linked. In this article, we use new data on the price of shipping goods between countries to analyze the extent to which increases in the price of shipping can account for the rise in U.S. import price inflation. We find that the pass-through of shipping costs is small. Nevertheless, because the rise in shipping ...
Journal Article
What Can Be Done to Promote Black Entrepreneurship?
Black men and women are less likely to become entrepreneurs than their white peers. What could help address this disparity?
Journal Article
City Segregation and the College Degree Gap
For a 0.1 increase in the dissimilarity index, the average racial gap in college attainment increases by 1.64 percentage points.