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@CEAChair தடை செய்யப்பட்டுள்ளது

நிச்சயமாக இந்தக் கீச்சுகளைக் காண விரும்புகிறீர்களா? கீச்சுகளைக் காண்பது @CEAChair-ஐத் தடைநீக்காது.

  1. Speaking tomorrow at 8:45 am at on economics of federal coal leasing program & new CEA report. Live stream:

  2. . Jason Furman's plan to ensure economic growth is robust and sustainable

  3. 22. Full list of policies to raise labor force participation, esp. among prime-age men & less-skilled workers

  4. 21. Many policies would help reverse this trend: raising wages & aggregate demand; infrastructure investm.; UI reform & job training.

  5. 20. Another unique US factor is mass incarceration. Affects ~6-7% of prime-age men w long-term labor market impacts.

  6. 19. US labor market is very flexible & much less supportive compared to OECD, yet has low labor force participation.

  7. 18. Institutional factors are also important & challenge traditional economic view of tradeoff between flexible & supportive labor markets.

  8. 17. Availability of middle-skill jobs like manufacturing & construction may fit w self-conception & also play a role

  9. 16. Low wages, esp. at bottom of distro, correlated w lower prime-men ptx. $1K annual raise at 10th decile correlated w 0.13 pp rise in LFP

  10. 15. Relative wages of men w. high school degree compared to college-educated fell from 80% to <60% from 1975 to 2014

  11. 14. In contrast, evidence is consistent with declining labor demand for less-skilled men. Possibly related to trends of tech & globalization

  12. 13. Other public support has fallen over time for men out of labor force & 36% of these men are in poverty.

  13. 12. Counterfactuals suggest disability insurance accounts for at most 0.3-0.5 pp of 7.5 pp prime-male LFPR decline.

  14. 11. Since 1967 disability insurance receipt for prime-age men has risen 2 pp v. 7.5 pp LFPR decline & not all is causal to LFPR decline.

  15. 10. Less than 1/4 of prime-age men out of workforce have a working spouse & that figure has decreased in last 50 yrs

  16. 9. Main candidates for supply explanations for falling LFP explain little/nothing of the decline.

  17. 8. Combination of both declining employment & wages suggests demand as cause, not supply.

  18. Jason Furman discusses U.S. labor force participation trends and outlook @ 12:30pm (Eastern) via

  19. 7. Three sets of possible explanations: supply, demand & institutions. Latter two most consistent with data, though more research needed.

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