COVID-19 and the Costs of Deadly Disasters

2021 ◽  
Vol 111 ◽  
pp. 366-370
Author(s):  
Sydney C. Ludvigson ◽  
Sai Ma ◽  
Serena Ng
Keyword(s):  
United States ◽  
Time Series ◽  
Labor Market ◽  
Natural Disasters ◽  
Industrial Production ◽  
The United States ◽  
Time Series Models ◽  
Monthly Data ◽  
The Impact

Using monthly data on costly natural disasters affecting the United States over the last 40 years, we estimate 2 time series models and use them to generate predictions about the impact of COVID-19. We find that while our models yield reasonable estimates of the impact on industrial production and the number of scheduled flight departures, they underestimate the unprecedented changes in the labor market.

scholarly journals Educational Attainment and Nonwage Labor Market Returns in the United States

AERA Open ◽  
2019 ◽  
Vol 5 (3) ◽  
pp. 233285841987405
Author(s):  
Lauren Schudde ◽  
Kaitlin Bernell
Keyword(s):  
United States ◽  
Labor Market ◽  
Educational Attainment ◽  
The United States ◽  
Employment Outcomes ◽  
Retirement Plans ◽  
Market Returns ◽  
Labor Market Returns ◽  
Nationally Representative ◽  
The Impact

Although decades of research highlight the impact of schooling on earnings, less evidence exists regarding other employment outcomes. Nonwage labor market returns to education are important in the United States, where health insurance and retirement income are typically tied to employment. Using longitudinal, nationally representative data, we examine the role of educational attainment in predicting nonwage employment outcomes and control for a host of individual and institutional measures. Even after controlling for individual and institutional characteristics, results indicate that educational attainment predicts employment and markers of “good” jobs, like access to employer-provided health and dental insurances, retirement plans, and paid leave. Furthermore, by delineating between various subbaccalaureate levels of college attainment, our results illustrate the complex variation in returns to college for those who did not complete a 4-year degree.

THE IMPACT OF ECONOMIC POLICY UNCERTAINTY ON INDUSTRIAL PRODUCTION IN THE UNITED STATES: PRE-PANDEMIC EVIDENCE

2021 ◽  
Author(s):  
Dejan Romih
Keyword(s):  
United States ◽  
Economic Policy ◽  
Industrial Production ◽  
Vector Autoregression ◽  
The United States ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
The World ◽  
Growing Body ◽  
The Impact

Although the Covid-19 pandemic (the Great Lockdown), which began in March 2020, is not over yet (mainly due to new SARS-CoV-2 variants, such as Delta), there is already a growing body of evidence that suggests that the Covid-19 pandemic has contributed to an increase in economic policy uncertainty in the United States and the rest of the world. In this paper, I examine the impact of economic policy uncertainty on industrial production in the United States before the Covid-19 pandemic. Using vector autoregression, I found that industrial production in the United States responds negatively to a positive economic policy uncertainty shock in the United States. This suggests that US economic policymakers need to prevent economic policy uncertainty in the United States

scholarly journals A NEW FUNCTION OF PRISON INDUSTRY AND PRIVATE PRISONS IN DEVELOPED COUNTRIES, AND THE POSSIBILITY OF THEIR IMPLEMENTATION IN THE REPUBLIC OF SERBIA

2017 ◽  
pp. 347
Author(s):  
Emil Turković
Keyword(s):  
United States ◽  
New York ◽  
Labor Market ◽  
State Government ◽  
Free Market ◽  
Developed Countries ◽  
The United States ◽  
Prison Labor ◽  
Penal Reform ◽  
The Impact

In the 1990s, various countries had a different approach to the problems related to prisoners’ labor. In the United States, the concept of prison labor could survive only in such developed states as New York, Pennsylvania and Massachusetts which could cope with the burden of keeping unproductive prisons. Under the impact of the penal reform and upon the adoption of new penal legislation in these states, the old American tradition of labor prisons gave way to a new standard which implied that convicted offenders had to learn different crafts while in prison but they were excluded from the public labor market when at large. The new industrial program, which was thus engendered, has significantly contributed to spreading the reformist functions of prison labor. Organized prison labor had always been strongly supported by penal reformers in the north of the United States but, in the mid-1980s, as the penal reformers moved away from that part of the United States, the concept of organized prison labor no longer had a significant political and legislative impact. The influence of penal reformers and the idea of instituting convict labor (but without competition in the labor market) had a strong influence on government politicians both at the federal and state government levels. The reformers endeavored to ensure the prisoners’ welfare and enable all prisoners to work and participate in the labor market as competitive workforce, both by leasing their labor and through the sale of final products on the free market.

Labor Supply Decisions, Occupational Segregation, and Intergenerational Income Mobility – Germany and the United States Compared

2009 ◽  
pp. 93
Author(s):  
Veronika Eberharter
Keyword(s):  
United States ◽  
Labor Market ◽  
Labor Supply ◽  
Family Background ◽  
Occupational Segregation ◽  
The United States ◽  
Gender Segregation ◽  
Background Characteristics ◽  
Intergenerational Income Mobility ◽  
The Impact

The article directs attention to the structuring effects of humancapital variables and family-background characteristics on labor supply decisions, occupational segregation, and intergenerational income mobility in the United States and Germany - two countries with different institutional labor market settings and family role patterns. The article tests the hypothesis that the impact of family-background characteristics on labor supply decisions, sex or gender segregation, and intergenerational transmission of social and economic status is more expressed in societies with traditional role patterns. Using data from the international version of the Cross-National Equivalent File (PSIDGSOEP), the results of the static labor supply model show that gender and education significantly determine the individual labor market participation in both the countries. Occupational gender segregation is more pronounced in Germany than in the United States. The contribution of the occupational groups to total gender segregation differs by country but not by marital status. We find stronger evidence for the impact of individual- and family-background characteristics on the intergenerational heritage of social status in the United States than in Germany.

scholarly journals Introduction to a Special Issue on the Impact of Immigrant Legalization Initiatives: International Perspectives on Immigration and the World of Work

ILR Review ◽  
2018 ◽  
Vol 71 (4) ◽  
pp. 807-822 ◽  
Author(s):  
Maria Lorena Cook ◽  
Shannon Gleeson ◽  
Kati L. Griffith ◽  
Lawrence M. Kahn
Keyword(s):  
United States ◽  
Labor Market ◽  
Well Being ◽  
The United States ◽  
Policy Debate ◽  
Immigration Reform ◽  
Special Issue ◽  
Integration Of Immigrants ◽  
Legal Immigrant ◽  
The Impact

This article is the third in a series to celebrate the 70th anniversary of the ILR Review. The series features articles that analyze the state of research and future directions for important themes the journal has featured over its many years of publication. In this issue, we also feature a special cluster of articles and book reviews on one of the most critical labor market issues across the globe—the legalization and integration of immigrants into national labor markets. Despite the urgent need for immigration reform in the United States, there is a paucity of US research that looks at the impact of a shift from unauthorized to legal immigrant status in the workplace. The US immigration literature has also paid little attention to immigrant legalization policies outside of the United States, despite the fact that other countries have implemented such policies with far more regularity. The articles in this special issue draw on studies of legalization initiatives in major immigrant destinations: Canada, Italy, and the United Kingdom. Together they underscore the importance of cross-national perspectives for understanding the range of legalization programs and their impact on immigrant workers, the workplace, and the labor market. These findings contribute to key questions in migration scholarship and inform the global policy debate surrounding the integration and well-being of immigrants.

scholarly journals Employment and Unemployment in the 1930s

1993 ◽  
Vol 7 (2) ◽  
pp. 41-59 ◽  
Author(s):  
Robert A Margo
Keyword(s):  
United States ◽  
Time Series ◽  
Labor Market ◽  
Labor Markets ◽  
The United States ◽  
The Great Depression ◽  
Disaggregated Data ◽  
United States Labor Market ◽  
Future Work ◽  
Promising Source

Recent research on labor markets in the 1930s has shifted attention from aggregate to disaggregate time series and towards microeconomic evidence. The paper begins by reviewing the conventional statistics of the United States labor market during the Great Depression and the paradigms to explain them. It then turns to recent studies of employment and unemployment using disaggregated data of various types. The paper concludes with discussions of research on other aspects of labor markets in the 1930s and on a promising source of microdata for future work.

Exchange rates, Canadian lumber imports, and United States prices: a time-series analysis

1988 ◽  
Vol 18 (12) ◽  
pp. 1587-1594 ◽  
Author(s):  
Joseph Buongiorno ◽  
Jean-Paul Chavas ◽  
Jussi Uusivuori
Keyword(s):  
United States ◽  
Time Series ◽  
Exchange Rate ◽  
Time Series Analysis ◽  
The United States ◽  
Monthly Data ◽  
Softwood Lumber ◽  
The Past ◽  
Series Analysis

Softwood lumber imports by the United States from Canada more than doubled during the past 10 years. The objective of this paper was to investigate two possible reasons for this change: (i) the increase in value of the U.S. dollar relative to the Canadian dollar, and (ii) the rise in the price of softwood lumber in the United States. The method used was time-series analysis, leading to measures of feedback and long-term multipliers between imports, exchange rate, and U.S. price. The results, based on monthly data from January 1974 to January 1986, suggested that 68% of the rise in Canadian imports during this period was due to the rise in the price of softwood lumber in the United States. The exchange rate, however, was not found to have a significant effect on imports. The findings also indicate that the increase in imports has not led to a decline in the price received by U.S. producers.

scholarly journals The Impact of Temporary Protected Status on Immigrants' Labor Market Outcomes

2015 ◽  
Vol 105 (5) ◽  
pp. 576-580 ◽  
Author(s):  
Pia M. Orrenius ◽  
Madeline Zavodny
Keyword(s):  
United States ◽  
Labor Market ◽  
Labor Market Outcomes ◽  
The United States ◽  
Market Outcomes ◽  
Employment Rates ◽  
The Impact ◽  
To Receive

The United States currently provides Temporary Protected Status (TPS) to more than 300,000 immigrants. TPS is typically granted if dangerous conditions prevail in migrants' home countries. Individuals with TPS are allowed to stay and work in the United States temporarily. Little is known about how TPS affects beneficiaries, most of whom are unauthorized prior to receiving TPS. Our results suggest that TPS eligibility leads to higher employment rates among women and higher earnings among men. The results have implications for recent programs that allow millions of unauthorized immigrants to receive temporary permission to remain and work in the United States.

scholarly journals Impact of Federal Funds Rate on Monthly Stocks Return of United States of America

2019 ◽  
Vol 14 (9) ◽  
pp. 105
Author(s):  
Sarfaraz Javed ◽  
Baaeth Atallah Aldalaien ◽  
Uvesh Husain ◽  
Mohammed Shahfaraz Khan
Keyword(s):  
United States ◽  
Growth Rate ◽  
United States Of America ◽  
Industrial Production ◽  
Stock Return ◽  
The United States ◽  
Economic Research ◽  
Federal Funds ◽  
Federal Funds Rate ◽  
The Impact

This study examines the impact of federal funds rate on monthly stocks return of the United States of America. The study made use of secondary data from 31st January 1980 to 31st December 2009 gotten from Fred Economic Data and Economic Research Federal Reserve Bank of St. Louis and the Ordinary Least Square Method was applied to perform the analysis using Eviews 9.0. The findings of this study reveal that before the crisis, the rate of interest significantly predicted monthly stock return while during the crisis; the rate of interest did not significantly predict monthly stock return. In addition, the growth rate of industrial production significantly predicted monthly stock return with while FFR did not significantly predict monthly stock return. Likewise, change in FFR significantly predicted monthly stock return while the growth rate of industrial production did not significantly predict monthly stock return.

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