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The Unemployment and Participation Rates for Aggregate Human Capital
To assess the loss in aggregate production, unemployment and labor force participation must account for the human capital of workers.
Age and Gender Differences in Long-Term Unemployment: Before and After the Great Recession
Long-term unemployment increased disproportionately for older women after the Great Recession.
Health Care, Hospitality and Retirees Keep Hot Springs Afloat
Although this small MSA has strong health care and tourism sectors, it also has its share of challenges: income inequality, no airport and Americans? changing vacation patterns.
The Composition of Long-term Unemployment Is Changing toward Older Workers
The Great Recession has been officially over for more than six years, but the rate of long-term unemployment (26 weeks or longer) remains elevated. Two age groups have been hurt the most: those 25-44 and, even more so, those 55 and older.
Many Countries Sink or Swim on Commodity Prices—and on Orders from China
The ups and downs of commodity prices can have a huge impact on the economies of the producing nations (emerging, as well as developed). Increasingly, these economies are susceptible to the needs of a single buyer: China.
Should Capital Flow from Rich to Poor Countries?
Are human and physical capital stocks allocated efficiently across countries? To answer this question, we need to differentiate misallocation from factor intensity differences. We use newly available estimates on factor shares from Monge-Naranjo, Santaeullia-Llopis, and Snchez (2019) to correctly measure the factor shares of physical and human capital for a large number of countries and periods. We find that the global efficiency losses of the misallocation of human capital are much more substantial than those of physical capital, amounting to 40 percent of the world?s output. Moreover, ...