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Is the Philips curve still a useful tool?
Cross-state analysis of data on wages, prices, and the unemployment rate suggests that a tight labor market is associated with higher inflation.
Morgan Foy, a former communications assistant at the National
Bureau of Economic Research, is a doctoral student in economics at the University of California, Berkeley.
Cross-state analysis of data on wages, prices, and the unemployment rate suggests that a tight labor market is associated with higher inflation.
About 20 percent of unemployed Americans have been searching for a job for longer than 27 weeks. Known as the "long-term unemployed," these workers have lower job-finding rates than other...
Job-finding rates are lower for those who have been unemployed longer, but the long-term unemployed are still optimistic about their prospects.
Expansion of the network between larger and smaller cities reduced travel times by 13 minutes on average, and increased the number of commuters working in smaller cities while retaining h...
Women tend to marry men who are older and to retire at the same time as their husbands. This pattern contributes to a substantial gender gap in Social Security wealth.
On average, a child who moved from downtown Chicago to the city's western suburbs at birth would earn almost 30 percent more than one who grew up downtown.