Search Results
Discussion Paper
Job Training Mismatch and the COVID-19 Recovery: A Cautionary Note from the Great Recession
Displaced workers have been shown to endure persistent losses years beyond their initial job separation events. These losses are especially amplified during recessions. (1) One explanation for greater persistence in downturns relative to booms, is that firms and industries on the margin of structural change permanently shift the types of tasks and occupations demanded after a large negative shock (Aghion et al. (2005)), but these new occupations do not match the stock of human capital held by those currently displaced. In response to COVID-19, firms with products and services that complement ...
Speech
Workforce development and reinvention in the Rochester economy
Remarks before the Rochester Business Alliance, Rochester, New York.
Discussion Paper
Financing Workforce Development in a Devolutionary Era
Workforce development financing has changed significantly over the last 25 years. In 2008, federal funding for the traditional workforce development system was 83 percent lower in real terms than it had been in 1980. As the federal system plays a smaller role in workforce development financing, the job training landscape better represents a “marketplace” where students and job seekers use federal training vouchers and grant and student loan money from various sources, primarily the Higher Education Act’s Pell Grant and Federal Student Loan programs. Additionally, increasing volatility ...
How valuable is a short-term credential for a job seeker? It’s complicated
Employer demand for short-term credentials is rising. But the likelihood of such credentials leading to higher wage offers depends on the industry and can change over time.
Speech
Welcoming remarks at the Investing in America's Workforce Book Launch Event, Federal Reserve Bank of New York, New York City
Remarks at the Investing in America's Workforce Book Launch Event, Federal Reserve Bank of New York, New York City.
Discussion Paper
Benefits Cliffs and the Financial Incentives for Career Advancement: A Case Study of the Health Care Services Career Pathway
Benefits cliffs, which occur when earnings gains are offset by the loss of public benefits, have long been recognized to create financial disincentives for low-income individuals to earn more income. In this paper, the authors develop a new methodology to study benefits cliffs in the context of career advancement. The authors illustrate the change in net financial resources for an individual pursuing the health care services career pathway from certified nursing assistant (CNA) to licensed practical nurse (LPN) to registered nurse (RN). Accounting for increases in taxes and the loss of public ...
Demographic disparities among disconnected young adults persist but are narrowing over time
This article sheds light on how several demographic groups have differed in their response to business cycles over time and how their disconnection rates have changed in recent years.
Journal Article
Practitioner Perspectives: Workforce Development Challenges and Opportunities in the Eighth District
Roundtables with labor force development stakeholders across the Eighth District identified housing, transportation and child care as key barriers to work.
Journal Article
Closing the Skills Gap Using Employer Partnership
This article explores an anchor partnership in Memphis, Tenn., that supports workforce development, career readiness and economic mobility.
Job seekers with associate degrees likely to benefit from short-term credentials
Proponents of short-term credentials hope these programs that are shorter (and often cheaper) than traditional college can boost economic mobility for students who would otherwise forgo a degree.