Working as a Barista After College Is Not as Common as You Might Think
Jaison R. Abel and Richard Deitz The image of a newly minted college graduate working behind the counter of a hip coffee shop has become a hallmark of the plight of recent college graduates following the Great Recession. Recurring news stories about young college graduates stuck in low-skilled jobs make it easy to see why […]
Health Inequality
However important income inequality is, it is only a partial representation of the inequality in well-being among individuals, households, counties, and other communities.
Exploring Differences in Unemployment Risk
Beyond the Macroeconomy
The Federal Reserve’s statutory mission from Congress is to achieve maximum employment and price stability for the country as a whole.
Searching for Higher Wages
Luis Armona, Samuel Kapon, Laura Pilossoph, Ayşegül Şahin, and Giorgio Topa Since the peak of the recession, the unemployment rate has fallen by almost 5 percentage points, and observers continue to focus on whether and when this decline will lead to robust wage growth. Typically, in the wake of such a decline, real wages grow […]
Mind the Gap: Assessing Labor Market Slack
Indicators of labor market slack enable economists to judge pressures on wages and prices.
Incentive Pay and Gender Compensation Gaps for Top Executives
Stefania Albanesi, Claudia Olivetti, and Maria Prados The persistence of a gender gap in wages is shaping the debate over women’s equality in the workplace and underscores the challenge facing policymakers as they consider their potential role in closing it. While the disparity affects females at all income levels, women in professional and managerial occupations […]
When Women Out‑Earn Men
We often hear that women earn “77 cents on the dollar” compared with men.
The Survey of Consumer Expectations Turns Two!
The Federal Reserve Bank of New York’s Survey of Consumer Expectations (SCE) turned two years old in June.
Does Business Training Work?
Leaders of both developing and advanced economies believe that encouraging the development of small businesses will lead to job creation and economic growth.