Source: Cepr.net - Zunia.org

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Featured country
- Djibouti
  
  People
  
  Population 0.83 mln
  
  Population growth 2%
  
  Life expectancy 55 years
  
  Economy
  
  GDP $0.83 bln
  
  - per capita $997
  
  - growth rate 4%
  
  FDI, net inflows $0.2 bln
  
  Infrastructure
  
  Cellphone users 5%
  
  Internet users 1%
  
  See country profile and 59 posts for Djibouti

Source: Cepr.net

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From peak to trough, the United States lost almost nine million jobs in the most recent economic downturn. What was completely unprecedented about the most recent recession, however, was the explosion in long-term unemployment. This report proposes rethinking our understanding of long-term unemployment in two ways. First, the authors encourage shifting from a narrow focus on long-term unemployment toward a broader concept of “long-term hardship” in the labor market. Second, they suggest more...

Added by

Sonia Hossain on February 07, 2012

Labor Market Policy in The Great Recession

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This paper reviews labor-market performance of Denmark and Germany during the Great Recession. From the mid-1990s through the onset of the Great Recession, Denmark had what were arguably the most successful labor-market outcomes in the OECD, but the country has suffered in recent years. Germany, on the other hand, struggled with high unemployment, slow job growth, and rising wage inequality through much of the period between unification and the onset of the Great Recession, but has outperformed more...

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Sonia Hossain on May 25, 2011

Jamaica: Macroeconomic Policy, Debt and the IMF

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This paper looks at Jamaica’s recent history of indebtedness, its experience during the global economic downturn, and examines its current agreement with the International Monetary Fund (IMF). It finds that Jamaica’s economic and social progress has suffered considerably from the burden of an unsustainable debt; and that even after the debt restructuring of 2010, this burden remains unsustainable and very damaging. Pro-cyclical macroeconomic policies, implemented under the auspices of the IMF, more...

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Sonia Hossain on May 25, 2011

The Wage and Employment Impact of Minimum‐Wage Laws in Three Cities

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This report analyzes the wage and employment effects of the first three city-specific minimum wages in the United States –San Francisco (2004), Santa Fe (2004), and Washington, DC (1993). The data used is from a virtual census of employment in each of the three cities, surrounding suburbs, and nearby metropolitan areas, to estimate the impact of minimum-wage laws on wages and employment in fast food restaurants, food services, retail trade, and other low-wage and small establishments.

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Sonia Hossain on May 25, 2011

Talking about Poverty in a Jobs and Economy Framework

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Most Americans currently point to ―job or the ―economy when asked to identify the most important problem. The poverty rate is largely determined by job availability and job quality – specifically unemployment, median earnings, and wage inequality, which explain most of the trend in poverty over the last several decades – so poverty is actually best understood within a jobs and economy framework. Here are two general recommendations for doing this.

Added by

Sonia Hossain on September 20, 2011

Do Tax Cuts Boost the Economy?

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There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the ones proposed by President Obama last week, have no impact on the economy. They argue that people will save a temporary tax credit rather than spend it. Stanford Economics Professor John Taylor, who served as Under Secretary of the Treasury for International Affairs under President Bush, is one of the economists making this argument. He purports to show that there was no statistically more...

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Sonia Hossain on September 20, 2011

The Origins and Severity of the Public Pension Crisis

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There has been considerable attention given in recent months to the shortfalls faced by state and local pension funds.This paper shows that most of the pension shortfall using the current methodology is attributable to the plunge in the stock market in the years 2007-2009. If pension funds had earned returns just equal to the interest rate on 30-year Treasury bonds in the three years since 2007, their assets would be more than $850 billion greater than they are today. The argument that pension more...

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Sonia Hossain on April 04, 2011

Bolivia: The Economy During the Morales Administration

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The paper looks at how Bolivia’s economy has been able to progress despite a number of significant shocks.

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Sonia Hossain on February 18, 2010

Issues in Trade and Protectionism

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The main concern in the United States and rest of the world should be to promote an increase in demand through whatever means necessary. For the longer term, there has been an excessive fixation on protection for merchandise trade. Other areas, most notably alternative intellectual property regimes and freer trade in highly paid professional services, offer much larger potential gains than further reductions in barriers to trade in goods.

Added by

Sonia Hossain on March 02, 2010

Taming the Deficit

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"Many proponents of conservative fiscal policies talk of the budget deficit as being a matter of intergenerational equality. However, this paper shows the younger generations (and those yet to be born) will contribute more to the deficit than older generations. This analysis uses data from the CBO Long-Term Budget Outlook and the authors' calculations to show that the driving force behind the deficit is our broken health care system and that this should be the focus of the debate."

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Sonia Hossain on February 15, 2010

The Chávez Administration at 10 Years: The Economy and Social Indicators (February 2009)

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This paper looks at some of the most important economic and social indicators during the 10 years of the Chávez administration in Venezuela, as well as the current economic expansion. It also looks at the current situation and challenges.

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Sonia Hossain on August 31, 2009

Unions and Upward Mobility for Asian Pacific American Workers

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This report uses national data from the Current Population Survey (CPS) to show that unionization raises the wages of the typical Asian Pacific American (APA) worker by 9 percent compared to their non-union peers. The study goes on to show that unionization also increases the likelihood that an APA worker will have health insurance and a pension.

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Sonia Hossain on March 02, 2010

Why Taking Disability into Account is Essential to Reducing Income Poverty and Expanding Economic Inclusion

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As this paper will show, disability is a considerably more important factor in income poverty. The linkages between disability and income poverty have far-ranging implications for contemporary anti-poverty research and advocacy in the United States. As a starting point, any serious state- or national-level agenda to reduce income poverty needs to take disability into account as both a cause and consequence of poverty. Publication Date: September 2009 more...

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Sonia Hossain on November 12, 2009

The Wealth of the Baby Boom Cohorts After the Collapse of the Housing Bubble

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This report builds upon previous CEPR projections to more accurately describe the current wealth prospects for the baby boom cohorts aged 45 to 54 and 55 to 64. The severity of the housing market meltdown, coupled with the recent collapse of the stock market, has had a severe negative impact on the wealth of these cohorts. For each cohort in 2004 and 2009, the paper analyzes net worth, financial assets, equity in real estate, percent of households in each cohort who will need cash to close on more...

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Sonia Hossain on September 17, 2009

The Unions of the States

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This report reviews unionization rates, the size and composition of the unionized workforce, and the wage and benefit advantage for union workers in each of the fifty states and the District of Columbia.

Added by

Sonia Hossain on February 10, 2010

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