Essays on Nber

Problem Statement

There are a number of reasons, defined by the ethical as well as the economic and the political scenes, for the non-diminishing interest in addressing the gap between the rich and the poor. "The rich get richer and the poor get poorer" is an aphorism, which outlines the major views on economic inequality and the criticism, seen in academic and business literature, towards the philosophy of free market and capitalism in general. One of the principal works, laying the foundation for the discussion, is the work by Thomas Piketty, Capital in the Twenty-First Century (2014), who places the idea ...

The Global Economy and International Trade

Introduction At the same time, it would be paramount to draw attention to the importance of international trade concerning the economy of the United States of America. This is due to the facts that the country reveals as a superpower and because the entire amount of both exports and imports results in an honorable second place worldwide (fn. – America waives the first position to China, of course). In advance, I feel an inexorable desire to note that since the time the United States of America had become a state and until nowadays, the country has been altering its directivity ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

Should Teacher Pay be based on Student Performance?

In order to implement any pay system and merit-based pay in the companies it is essential that these organizaions define their terms and goals as well as clearly outline the pupose of the programs that ar being implemented. Educational field is not an exception (Gratz, 2009) and many organizations are looking for effectibv ways to implement performance pay. But what Performance Pay actually mean and how shoud it be defined and measured? It is critical to understad that perfomance-based compenation is a way to reward employees and demonstrates areas for improvement. This only works in the environment, which offers ...

The concept of full employment, or the natural, frictional, and rate of unemployment plays a central role in macroeconomics and its policy. Let's start with natural employment. The determinants of the natural rate of unemployment are duration and frequency of unemployment. The duration of unemployment depends on cyclical factors in addition to the structural characteristics of the labor market. The organization of the labour market including the presence or absence of employment agencies , youth employment services. The demographic makeup of the labour force. The ability and the desire of the unemployed to keep looking for a better job which ...

Immigration – A Critical Analysis of Recent Publications

The issue of immigration into the United States is a major issue of significance in US political and economic discussions. Immigration is a major subject in the current presidential race and there is a major question of how to deal with the over 11 million illegal immigrants, estimated to be living in the United States now. The purpose of this paper is to examine the impact of immigration on the US labor markets as presented and critiqued in various newspapers in the United States.

Summary of Lexis Nexis Findings

A preliminary study of the role of the illegal immigrants on the US economy indicated ...