Search Results
Discussion Paper
What Works at Scale? A Framework to Scale Up Workforce Development Programs
Workforce development policymakers have access to a growing catalog of training programs evaluated with rigorous randomized controlled trials. This evidence base identifies programs that work in specific geographic and temporal contexts but may not necessarily work in other contexts or at a scale sufficient to meet regional workforce needs. The author examines a sample of recent randomized controlled trials of workforce development programs and reports to what extent this body of evidence informs policymakers about what works at scale. The author finds that most programs are implemented at a ...
Speech
The regional economic outlook
Remarks by William C. Dudley, President and Chief Executive Officer, New York, New York.
Speech
Creating a Vibrant, Inclusive Economy: Remarks at the Community College of Rhode Island
First, I want to highlight why I wanted to prioritize speaking at a community college like CCRI; and why community colleges, and all of you engaged with them, are so important to our economy and society. Then, I’ll talk briefly about the range of things we do at the Federal Reserve, to advance our mission. And finally, I’ll share some of the lessons I’ve learned from my own career path, in case my experiences may be helpful to you.
Speech
Early Childhood Education: Now More Than Ever
College graduates fare better on a variety of outcomes, but many students who enroll in college do not graduate, particularly low-income and minority students. Research shows that preparation is key to college completion, and that preparation begins with early childhood education. There are disparities in access to high-quality early childhood education that track with disparities in college completion. Pandemic-related child care and school closures risk exacerbating the already-large gaps in educational attainment between children from high- and low-income families.Parents are struggling to ...
Speech
Workforce development and reinvention in the Rochester economy
Remarks before the Rochester Business Alliance, Rochester, New York.
Discussion Paper
What Works at Scale? A Framework to Scale Up Workforce Development Programs
Workforce development policymakers have access to a growing catalog of training programs evaluated with rigorous randomized controlled trials. This evidence base identifies programs that work in specific geographic and temporal contexts but may not necessarily work in other contexts or at a scale sufficient to meet regional workforce needs. The author examines a sample of recent randomized controlled trials of workforce development programs and reports to what extent this body of evidence informs policymakers about what works at scale. The author finds that most programs are implemented at a ...
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 ...
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.
Report
Workforce Development Survey Results, 2015
In 2015, the Federal Reserve Bank of St. Louis distributed a survey to collect data about workforce development trends and outlooks that affect low- and moderate-income individuals and households in Missouri. The St. Louis Fed partnered with eight local organizations deeply involved in workforce development who distributed the survey to their networks. We would like to recognize and thank these partners: St. Louis Agency on Training and Employment; St. Louis County Division of Workforce Development; Jefferson/Franklin County Employment Consortium; St. Charles County Department of Workforce & ...