More on immigration
Ok. I can’t wait anymore. Someday this paper (co-written with my advisor) will show up here. The paper reviews trends in immigration in California and summarizes the findings of one of Peri’s working...
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Who are the long term unemployed?
A few weeks ago, Mike was asking me about the long term unemployed. I’m running some regressions using CPS data so I have the data he asked about just hanging out on my desktop. Public service: The...
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The heartbeat of America
Here’s all the Jolts data (minus job openings): These are not seasonally adjusted so that’s why you get the inverted-U shape every year for the hiring and quits series and the inclined saw shape for...
View ArticleWhat is structural unemployment?
There seems to be a disconnect between how economists (and Fed economists in particular) use this term and how bloggers (and left bloggers in particular) use it. Some definitions: “The unemployment...
View ArticleQuestion
All the heat on the issue of AD policy overshadowed and even delegitimized discussion of policy to deal with structural issues in the labor market. Suppose the latter policies were cheaper economically...
View ArticleDid you know?
After Kockerlakota dared suggest there are substantial structural problems in the labor market (right wing scum!), the very next paragraph was: Given the structural problems in the labor market, I do...
View ArticleIncrease inflation AND combat structural issues
Inflation is below target. Increasing output and decreasing or stagnant inflation is an indication that inflation expectations are becoming unanchored. That’s bad. Inflation should not spend too long,...
View ArticleA link everyone will find useful
I was at a practice job talk at a nearby university on Friday. As preface to my work ((I’ll post on it as soon as I get my job applications sent)), I pointed out that workers change careers many times,...
View ArticleLabor mobility
If labor was perfectly mobile and suddenly there were massive dislocations requiring workers to relocate, you’d expect an uptick in the number of workers moving, right? A corollary is that if you do...
View ArticleDoes the Welfare State screw the poor?
Milton Friedman’s complaints about rent control and the minimum wage are cliche. These programs hurt the people they’re intended to help. Unintended negative consequences are the first things I look...
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