Does health care reform support self-employment?
Didem Tzemen and Thealexa Becker study the Massachusetts Health Care Reform Act and find the reform may have supported self-employment in the state.
The Limited Supply of Homes
Jordan Rappaport finds that a limited supply of single-family homes will continue to constrain home sales and put upward pressure on home prices over the next few years.
China’s slowing housing market and GDP growth.
The Fiscal Stance of U.S. States
We study the fiscal stance of U.S. states through the lens of state reserve funds. We find that the overall rainy day and unemployment insurance funds have largely recovered since the start of the Great Recession but at an uneven pace across states. More importantly, we find that states are better prepared to meet their own budgetary shortfalls in the event of a downturn than the shortfalls of households.
The Weak Outlook for Residential Investment
Jordan Rappaport suggests supply-side factors will continue to constrain single-family home construction and sales into 2017.
Stuck in Part-Time Employment
Although the share of workers employed part time for economic reasons has declined, it is unlikely to return to its pre-recession level in the near future.
Has China’s Growth Reached a Turning Point?
A new measure of China?s economic activity shows its momentum has increased in the first half of the year?however, an analysis of its underlying forces suggests this momentum may not be sustainable. In addition, strength in policy-related variables has been waning, creating additional downside risks to near-term growth.
Flowing into Employment: Implications for the Participation Rate
Jos Mustre-del-Ro, Michael Redmond, and William Xu find more prime-age individuals are flowing into employment from outside the labor force, though effects on the participation rate could be limited by educational attainment.
Following the leaders: wage growth of job switchers
Jos Mustre-del-Ro analyzes labor market conditions to find increasing competitive pressures have led to strong wage growth for job switchers.