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Labor Market Policy Research Report, December 16, 2016

Details Written by Lara Merling Published: 16 December 2016 View Comments The following reports on labor market policy were recently released: The Center for Law and Social Policy Juggling Time: Young Workers and Scheduling Practices in the Los Angeles County Service Sector CLASP, UCLA Labor CenterDemosThe Parent Trap: The Economic Insecurity of Families with Young ChildrenAmy Traub, Robert Hiltonsmith, Tamara Draut Urban InstituteChoice Deserts: How Geography Limits...

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The Looming Threat of Automation: The Data Show A Different Story

Details Written by Lara Merling Published: 15 December 2016 View Comments A common story is that rapid automation is taking away jobs. If humans were being replaced by robots and machines, we would be seeing rapid productivity growth. Since automation generally replaces low-skill jobs, the impact on productivity growth would be significant.However, if we look the average productivity growth in the past 10 years, the data show we are actually in a period of slow...

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A Message From Our Co-Directors

Details Written by Dawn Niederhauser Published: 14 December 2016 View Comments As we do every December, we here at CEPR are reaching out to ask that you consider making an end of the year donation to support our work. Usually this entails regaling you with a list of all our accomplishments over the past year. But this year we decided to do something different (which, given the extraordinary events of this past year, we felt was fitting). We want to talk candidly and...

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Low Interest Rates Help Households Cope With Debt

View Comments Federal Reserve interest rate policy is aimed at targeting inflation and unemployment. The impact of interest rates on consumer borrowing and spending is an important channel for this policy since the rates financial institutions charge consumers for loans depend on the Federal Reserve’s interest policy. If the Fed decides to raise interest rates, the cost of borrowing by households would also increase. This post shows trends in consumer debt from 1990 until now.Over...

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Obamacare and Part-Time Work, Part 3: Part-Time Employment & Unemployment

View Comments This is the last blog post in a three-part series on the Affordable Care Act’s potential effects on part-time employment. The first and second posts can be read here and here.  The first blog post in this series looked at Obamacare’s effect on voluntary part-time employment, arguing that the law may have given workers the freedom to shift from full-time to part-time schedules. The second post said that when some workers cut back on their hours, it likely freed up...

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Obamacare and Part-Time Work, Part 2: Involuntary Part-Time Employment

View Comments This is the second blog post in a three-part series on the Affordable Care Act’s potential effects on part-time employment. The first and third posts can be read here and here. In 2013, critics of the Affordable Care Act (ACA) rolled out a new complaint about the law: it would lead to a dramatic increase in involuntary part-time employment. Maria Bartiromo, Robert Samuelson, and Fox News all argued that firms would move workers from full-time to part-time status due...

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Obama and Senate Can Act Against Trump’s Conflicts of Interest

View Comments Jeff Hauser runs the Revolving Door Project, an effort to increase scrutiny on executive branch appointments and ensure that political appointees are focused on serving the public interest, rather than personal professional advancement. As I’ve noted previously, Donald Trump’s relationship with billionaire hedge funder John Paulson seems likely to be very, very good for Paulson.  Paulson, who came to fame making $4  billion personally by betting against the housing...

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Obamacare and Part-Time Work, Part 1: Voluntary Part-Time Employment

View Comments This is the first blog post in a three-part series on the Affordable Care Act’s potential effects on part-time employment. The second and third posts can be found here and here.In 2013, shortly before the main provisions of the Affordable Care Act (ACA) went into effect, critics warned that the law might have dire effects on working hours. They said that the ACA would lead employers to shift workers from full-time to part-time positions, prompting a dramatic increase...

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Labor Market Policy Research Report, December 2, 2016

Details Written by Lara Merling Published: 02 December 2016 View Comments The following reports on labor market policy were recently released: Center for American ProgressMaking Paid Leave Work for Every FamilyMoira Bowman, Laura E. Durso, Sharita Gruberg, Marcella Kocolatos, Kalpana Krishnamurthy, Jared Make, Ashe McGovern, and Katherine Gallagher RobbinsInstitute for Women’s Policy ResearchUndervalued and Underpaid in America: Women in Low-Wage, Female-Dominated Jobs...

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Unemployment Rate Falls Back to Pre-Recession Levels

Details Written by Dean Baker Published: 02 December 2016 View Comments The unemployment rate fell to 4.6 percent in November, almost equal to the pre-recession lows in 2007. However the sharp decline was partly due to people leaving the labor force, the employment-to-population ratio was unchanged at 59.7 percent. It actually fell slightly for prime-age (ages 25-54) workers, from 78.2 percent to 78.1 percent, although it is still 0.7 percentage points above its year ago...

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