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To Help Workers Adjust to Technological Change, First Pinpoint Where It Is Happening -
Changes in technology clearly affect people in different sectors and occupations differently, but providing adequate policy support to workers trying to adjust…
technology  Labor_markets  labor_share  productivity  unemployment  from instapaper
march 2018 by dunnettreader
A New Study of Labor Market Concentration - Roosevelt Institute
Labor economists have traditionally focused on worker-side characteristics, such as education, as the crucial causal variable for explaining outcomes like…
Labor_markets  antitrust  monopsony  unemployment  skills  human_capital  wages  Evernote  from instapaper
march 2018 by dunnettreader
New Brandeis Movement: America’s Antimonopoly Debate | Journal of European Competition Law & Practice | Oxford Academic
Over the last two years, a growing number in America have concluded that the United States has a monopoly problem. The Obama Administration’s Council of…
antitrust  monopolies  industry_concentration  competition  Labor_markets  Evernote  from instapaper
march 2018 by dunnettreader
New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is -
In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy, labor markets are highly…
Labor_markets  monopsony  labor_share  antitrust  industry_concentration  Evernote  wages  from instapaper
march 2018 by dunnettreader
Antitrust in the Labor Market: Protectionist, or Pro-Competitive? -
Redirecting antitrust enforcement to confront monopsony power would be a substantial departure from the way it has been conducted in recent decades, but just…
Labor_markets  wages  monopsony  antitrust  competition  industry_concentration  Evernote  from instapaper
march 2018 by dunnettreader
Strong Employers and Weak Employees: Study Sheds New Light on How Labor Market Concentration Hurts Workers -
New study finds that wages are significantly lower in concentrated labor markets—and even lower in labor markets where unionization rates are low. Strikers and…
Labor_markets  wages  unions  human_capital  monopsony  antitrust  competition  industry_concentration  Evernote  from instapaper
march 2018 by dunnettreader
Labor Markets | McKinsey Global Institute | McKinsey & Company
Learn about McKinsey Global Institute's research on Labor Markets.
Labor_Markets  McKinsey 
october 2017 by generoche49
Adair Turner - The Skills Delusion | Project Syndicate - Oct 2016
LONDON – Everybody agrees that better education and improved skills, for as many people as possible, is crucial to increasing productivity and living standards…
economic_growth  economic_models  economic_history  inequality  social_mobility  education-higher  education-training  skills  Labor_markets  wages  student_debt  from instapaper
october 2016 by dunnettreader
Nina Boberg-Fazlic & Paul Sharp - Welfare Spending Lessons from Pre-Industrial England | LSE blogs - Oct 2016
Cutting welfare spending is unlikely to lead to an increase in private voluntary work and charitable giving, explain Nina Boberg-Fazlic and Paul Sharp. Using historical data from late eighteenth and early nineteenth century England, they illustrate how parts of the country that saw increased levels of spending under the Poor Laws also enjoyed higher levels of charitable income.
local_government  social_democracy  Poor_Laws  Labor_markets  UK_economy  Tories  welfare  Industrial_Revolution  unemployment  UK_politics  philanthropy  demography  British_history  19thC  economic_history  18thC  agriculture-productivity  landowners  population_growth 
october 2016 by dunnettreader
Peter Solar - Poor Relief and English Economic Development before the Industrial Revolution (1995) | Economic History Review on JSTOR
The English system of poor relief helped to shape the country's distinctive pre-industrial economy. English relief, when set against continental experience, stands out as uniform and comprehensive in coverage; as reliant on local property taxation for funding; and as generous and reliable in benefits. The insurance provided by relief underpinned the growth of a mobile wage-labour force and facilitated changes inland tenure and use. The fiscal impact of relief expenditure gave taxpayers incentives to put labourers to work and to keep local demographic and economic development in balance.
agriculture-productivity  Labor_markets  economic_history  welfare  Industrial_Revolution  local_government  downloaded  jstor  agriculture  18thC  British_history  17thC  Poor_Laws  article  Europe-Early_Modern  19thC  demography  unemployment 
october 2016 by dunnettreader
Does Welfare Spending Crowd Out Charitable Activity? Evidence from Historical England Under the Poor Laws - Boberg-Fazlić - 2015 - The Economic Journal - Wiley Online Library
This study examines the relationship between government spending and charitable activity. We present a novel way of testing the ‘crowding out hypothesis’, making use of the fact that welfare provision under the Old Poor Laws was decided at the parish level, thus giving heterogeneity within a single country. Using data on poor relief spending combined with data on charitable incomes by county before and after 1800, we find a positive relationship: areas with more public provision also enjoyed higher levels of charitable income. These results are confirmed when instrumenting for Poor Law spending and when looking at first differences.
See the LSE blog post that summarizes this study.
bad_economics  British_politics  British_history  Poor_Laws  18thC  budget_deficit  Industrial_Revolution  agriculture  fiscal_policy  Wiley  welfare  Tories  philanthropy  UK_economy  Labor_markets  UK_politics  unemployment  paywall  article  Brexit  19thC  landowners 
october 2016 by dunnettreader
Paolo Malanima - When did England overtake Italy? Medieval and early modern divergence in prices and wages - European Review of Economic History
When did England overtake Italy? Medieval and early modern divergence in prices and wages PAOLO MALANIMA Institute of Studies on Mediterranean Societies (National Research Council), ISSM-CNR, malanima@issm.cnr.it According to Allen, between 1500 and 1750, a “great divergence” among countries in the level of wages occurred in Europe. Italian real wages were already among the lowest in the late medieval and early modern age. Their relative level diminished even more from the seventeenth century. An analysis of prices and wages in Italy and England does not support this view. Actually, until the beginning of the eighteenth century, Italian real wages were either higher than in England (fourteenth and fifteenth centuries) or more or less equal (sixteenth and seventeenth). It was not until the eighteenth century that England began to overtake Italy. However, the disparity in wages before 1800 was modest. It increased fast from then onwards. Downloaded via iPhone to DBOX
labor_history  Italy  15thC  medieval_history  labor_force_structure  competiveness-labor  wages  economic_history  British_history  14thC  economic_growth  downloaded  Renaissance  16thC  Labor_markets  17thC  article  prices  18thC  England 
september 2016 by dunnettreader
Paolo Malanima - Serfdom in Eastern Europe after the Revisions (2013), in S. Cavaciocchi (ed.), Serfdom and Slavery in the European Economy 11th-18th Centuries
Serfdom in Eastern Europe after the Revisions, in S. Cavaciocchi (ed.), Serfdom and Slavery in the European Economy 11th- 18th Centuries, Firenze, Firenze University Press, 2014, II, pp. 677-88. - Multi-day conference - pdf of the paper contains schedule and Table of Contents - Downloaded via iPhone to DBOX
wages  social_order  legal_system  agriculture-surplus  downloaded  Eastern_Europe  labor  jurisdiction  elite_culture  prices  agriculture  nobility  Black_Death  agriculture-productivity  landowners  medieval_history  property_rights  peasants  Europe-Early_Modern  Western_Europe  conference  serfs  agriculture-markets  dispute_resolution  rural  economic_history  access_to_courts  feudalism  contract_law  Labor_markets  tenants  social_history  improvement  food  chapter  political_economy 
september 2016 by dunnettreader
Rafael La Porta and Andrei Shleifer - "Informality and Development" (2014) Journal of Economic Perspectives
In developing countries, informal firms account for up to half of economic activity. They provide livelihood for billions of people. Yet their role in economic development remains controversial with some viewing informality as pent-up potential and others viewing informality as a parasitic organizational form that hinders economic growth. In this paper, we assess these perspectives. We argue that the evidence is most consistent with dual models, in which informality arises out of poverty and the informal and formal sectors are very different. It seems that informal firms have low productivity and produce low- quality products; and, consequently, they do not pose a threat to the formal firms. Economic growth comes from the formal sector, that is, from firms run by educated entrepreneurs and exhibiting much higher levels of productivity. The expansion of the formal sector leads to the decline of the informal sector in relative and eventually absolute terms. A few informal firms convert to formality, but more generally they disappear because they cannot compete with the much more-productive formal firms.
Citation -La Porta, Rafael and Andrei Shleifer. 2014. "Informality and Development." Journal of Economic Perspectives, 28(3): 109-26.
structural_adjustment  informal_economy  LDCs  access_to_finance  article  Labor_markets  doing_business  productivity  tax_avoidance  regulation  poverty_reduction  poverty  tax_policy  access_to_services  conditionality  entrepreneurs  economic_growth  aid  development  formal_economy  industrialization  downloaded 
august 2016 by dunnettreader
Eggertsson, Mehrotra, Singh & Summers - A Contagious Malady? Open Economy Dimensions of Secular Stagnation | NBER June 2016
Gauti B. Eggertsson, Neil R. Mehrotra, Sanjay R. Singh, Lawrence H. Summers - Conditions of secular stagnation - low interest rates, below target inflation, and sluggish output growth - characterize much of the global economy. We consider an overlapping generations, open economy model of secular stagnation, and examine the effect of capital flows on the transmission of stagnation. In a world with a low natural rate of interest, greater capital integration transmits recessions across countries as opposed to lower interest rates. In a global secular stagnation, expansionary fiscal policy carries positive spillovers implying gains from coordination, and fiscal policy is self-financing. Expansionary monetary policy, by contrast, is beggar-thy-neighbor with output gains in one country coming at the expense of the other. Similarly, we find that competitiveness policies including structural labor market reforms or neomercantilist trade policies are also beggar-thy-neighbor in a global secular stagnation.
economic_theory  interest_rates  stagnation  economic_growth  OECD_economies  paywall  capital_flows  paper  international_finance  global_economy  contagion  monetary_policy  FX-rate_management  international_political_economy  competition-interstate  fiscal_policy  fiscal_multipliers  trade-policy  Labor_markets  austerity  competiveness-labor  wages  labor_standards 
july 2016 by dunnettreader
Leonid Bershidsky - Germany's Middle Class Is Endangered, Too - Bloomberg View - May 2016
Manufacturing jobs. Photographer: Sean Gallup/Getty Images Print Europe Leonid Bershidsky is a Bloomberg View columnist. He is a Berlin-based writer, author of…
Instapaper  Labor_markets  labor  middle_class  Germany  job_security  wages  precariat  hollowing_out  manufacturing  OECD_economies  from instapaper
may 2016 by dunnettreader
Mario Bunge, Considérations d'un philosophe sur l'économique du néo-conservatisme néo-libéralisme (1986)
Mario Bunge, “Considérations d'un philosophe sur l'économique du néo-conservatisme (néo-libéralisme)” in ouvrage sous la direction de Lizette Jalbert et Laurent Lepage, Néo-conservatisme et restructuration de l’État. Canada - États-Unis - Angleterre. Première partie : Lectures du néo-conservatisme (pp. 49 à 70) Collection Études d’économie politique. Montréal : Les Presses de l’Université du Québec, 1986, 274 pp.
Downloaded via iPhone to DBOX
social_democracy  capitalism  neoclassical_economics  market_fundamentalism  downloaded  systems_theory  Labor_markets  political_economy  neoconservatism  neoliberalism  post-WWII  etexts  Thatcher  Reagan 
february 2016 by dunnettreader
Mike Konczal, J.W. Mason, Amanda Page-Hoongrajok - Ending Short-Termism: An Investment Agenda for Growth - Roosevelt Institute - Nov 2015
The first part of this agenda will directly counter several of the specific trends known to increase short-termism. It will include ideas that are broadly applicable across industries, such as policies to address skyrocketing CEO pay, as well as more targeted solutions. A policy agenda to address corporate short-termism requires a comprehensive approach focused on building countervailing power, which is addressed in the second part of our proposal. The forces that push firms toward shorttermism will persist and find new ways to exert power, but the reforms outlined in this paper embrace wide-scale, long-term changes, such as granting workers power on boards, designed to attract long-term stakeholders. The agenda also includes practical, simple policy changes for regulators.The third part of our agenda contains solutions that point to a new role for the state. Taxes and full employment are two obvious and necessary ways of checking short-termism, and if companies are less interested in investment, government needs to fill in that gap, whether by providing high-speed cable or funding basic research. -- downloaded pdf to Note
US_economy  investment  investors  capital_markets  corporate_finance  corporate_governance  shareholder_value  shareholders  short-termism  financial_system  equity_markets  capital_formation  capital_allocation  executive_compensation  debt  buybacks  tax_policy  Labor_markets  labor_share  unions  investment-government  downloaded 
november 2015 by dunnettreader
Andrew Haldane: Labour's Share - speech to TUC | Bank of England - Nov 2015 - via Brad DeLong
Good overview of recent work on last 300 years by economic historians and technology impact projections -- lots on internal structural shifts within "labor" and vis a vis capital -- downloaded pdf to Note
speech  economic_history  labor_history  labor_share  Labor_markets  wages  productivity  productivity-labor_share  unemployment  skills  services  AI  IT  unions  UK_economy  monetary_policy  macroeconomic_policy  public_sector  Industrial_Revolution 
november 2015 by dunnettreader

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