Publications

This paper reviews the arguments as to why higher transactions costs may actually lead to better working financial markets. It then examines the relationship between growth and transactions costs for ...chevron_right

The federal minimum wage - $7.25 per hour - is often compared to the cost of living, the average wage and worker productivity. This paper shows it is well below historical levels in those comparisons ...chevron_right

In this paper, the authors attempt to paint a demographic portrait of long-term hardship in the labor market. Hardship is analysed in relation to various indicators such as race, gender, education and...chevron_right

There is a growing chorus of policy analysts and pundits telling the United States that we could have millions more jobs in manufacturing, if only we had qualified workers. This claim has the interest...chevron_right

In February 2012 the Greek government reached agreement with the European Union (EU) and the International Monetary Fund (IMF) for 130 billion euros in lending, as part of a new adjustment package to ...chevron_right

This paper seeks to provide a complete picture of trends in health-insurance coverage for workers, especially low-wage workers, in the United States over the specified period. To do so, it first calcu...chevron_right

This paper outlines the changes in financial regulation in the US and the characteristics of labor market institutions that have facilitated the emergence and rapid growth of private equity and other ...chevron_right

This paper looks at some of the key issues that determine economic and trade policies. The first part shows that a large trade deficit implies that a country must either have a large budget deficit, n...chevron_right

The focus of this paper is on an appropriate accounting rule for pension funds to use in assessing their funding situation. The last two decades have generated substantial demand for accounting techni...chevron_right

Over the last two decades, high – and, in some countries, rising – rates of low-wage work have emerged as a major political concern. In all but a handful of the rich OECD countries, more than 10 perce...chevron_right

This paper looks at Latvia, which advocates of an economic strategy of “internal devaluation” have celebrated as an example of successful macroeconomic policy. It argues that data contradicts the noti...chevron_right

This paper focuses on one set of pro-active financial intermediaries: private equity funds. The authors use four case studies of large US and British corporations to examine the possibility that the p...chevron_right

Many researchers argue that globalization and the technological advances embodied in the “new economy” have made unions obsolete. If the decline in unionization is the inevitable response to the twin ...chevron_right

For this paper, the authors surveyed voters in California to assess their awareness of the state's Paid Family leave program. The results show that awareness varied geographically and according to soc...chevron_right

This report examines the role that social security plays in bolstering the retirement security of poorly compensated workers. Part one reviews compensation trends. The authors argue that, despite heal...chevron_right