Posts Tagged ‘unemployment’

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    Social Contagion

    Jun 6, 10 • 214 Views • Behavioral Economics, Labor, Thinking EconomicallyNo Comments

    If unemployment creates unhappiness, then will people be less unhappy if their friends are also unemployed? According to a recent IMF paper, not only are people less unhappy when they and their friends are unemployed, but also, they then tend to be jobless

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    Costly Legislation

    May 28, 10 • 160 Views • Government, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Looking at a recent NY Times article, whose title was, “Cost of Jobs Bill Leaves Some Democrats Leery,” I wondered whether the author realized just how many costs his discussion involved. If passed, the bill would extend jobless pay, provide

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    How Are We Doing?

    May 2, 10 • 187 Views • Developing Economies, Macroeconomic MeasurementNo Comments

    Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say they were hoping for better. Like a “V”, when

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    Icemen and Pinsetters

    Mar 12, 10 • 210 Views • Innovation, Labor, Macroeconomic Measurement, TechNo Comments

      In a wonderful story, NPR looked at “The Jobs of Yesteryear.”  Among those they discussed were pinsetters, elevator operators, icemen, and lamplighters. For each one, while technology made the occupation obsolete, the economy

  • Down to Earth and “Up in the Air”

    Dec 28, 09 • 157 Views • Thinking EconomicallyNo Comments

    Yesterday I saw “Up in the Air”, the new George Clooney movie that has been called a comedy. As Ryan Bingham, Clooney was a “transition specialist”. Firms hired his employer to “fire” people. Excellent in many ways, the