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Recommendations for Further Reading

Journal for Economic Perspectives • August 27, 2014 • Tim Taylor

"Although it is easy to cite examples of employer reluctance to train, the evidence from South Carolina and Britain suggests that a sustained, business-oriented marketing effort can persuade a large number of employers to participate in apprenticeship training. Both programs were able to more than quadruple apprenticeship offers over about five to six years.” -Hamilton Project, Brookings Institution.

US-The education gap is a main reason for the growing income divide, says Standard & Poor

Job Market Monitor • August 25, 2014 • Michel Cournoyer

The impact of income inequality on future generations of qualified workers is particularly disconcerting. Michael Greenstone, Adam Looney, Jeremy Patashnik, and Muxin Yu (Hamilton Project-Brookings) examined the effect that the income divide in the U.S. could have on the future upward mobility of the country’s children.

High school will keep starting too early. Here’s why.

NPR-Marketplace • August 25, 2014 • Dan Weissmann

That's surprising because, from the outside, the economics of a later start-time seem pretty good. A 2011 study from the [Hamilton Project at] Brookings Institution looked at three ways school districts could improve just by getting better organized. Starting school later for teens was number one.

If this is a jobs recovery, we have a very low bar

Fortune • August 25, 2014 • Stephen Gandel

But factor in all the colleague graduates and immigrants who have entered the work force since 2007, and the economy still has a gap of 5.7 million jobs, the Hamilton Project, a division of Brookings Institutions, estimates.

U.S. legal justice system requires overhaul to reduce incarceration

The Reflector • August 22, 2014 • Walton Chaney

Senators Rand Paul and Corey Booker, a conservative and liberal, respectively, both found common ground on a subject that needs reviewing. Incarceration statistics in the U.S. are mind-boggling. According to a study by the Hamilton Project titled, “Ten Economic Facts About Crime and Incarceration in the United States”, the incarceration rate of the U.S., which is 710 per 100,000 residents, is five times higher than the typical global rate of 130. Do we really believe the U.S. citizens are inherently more susceptible to being locked up than the rest of the world? Or, does this present a fundamental flaw in our judicial system?

America Has a Retirement Spending Problem

Real Clear Markets • August 19, 2014 • Ben Harris

Achieving a secure retirement is a complex endeavor. Working-age households are charged with saving the right amount to enable a similar standard of living in retirement as that enjoyed during their working years. Upon retirement, households are faced with another daunting challenge-turning their accumulated wealth into security and spending down their wealth in a way that allows them to deal with a host of risks such as uncertain health costs, the risk of outliving assets, and variable returns to both financial assets and housing. Ultimately, a sound retirement means adept choices about both saving and spending.

Bridges to Somewhere

Project Syndicate • August 15, 2014 • Laura Tyson

After another round of brinkmanship, a rancorous US Congress passed a last-minute bill to avert the bankruptcy of the Highway Trust Fund (HTF), the primary source of federal funding for America’s highway and transit infrastructure. The HTF finances about $50 billion of infrastructure spending a year, and its bankruptcy would have forced state and local governments to shelve thousands of projects, threatening tens of thousands of construction jobs.

Hey, SEC, A Modest Proposal: Ban ‘Alternative’ Investments

Bloomberg • August 14, 2014 • Ben Steverman

Most investors can ignore the vast bulk of alternative assets. The high fees on most of the products are a bigger threat than the possibility investors might not have an ideal investment allocation, argues Brookings Institutions fellow Ben Harris.

MTV Public Policy: How 16 and Pregnant Reduced Teen Motherhood

Bloomberg Businessweek • August 14, 2014 • John Tozzi

Melissa Kearney, an economics professor at the University of Maryland who’s studied teen birth rates (PDF), attributes most of the declines from 1990 to 2008 to better access to effective contraceptives. But teen birth rates dropped more sharply in the years after 2008, and Kearney’s research credits MTV’s reality show 16 and Pregnant and its slew of Teen Mom spinoffs.

How the 401k became a $4 trillion key to US retirement

The Fiscal Times • August 13, 2014 • David Koeppel

In recent years, an increase in the number of automatic enrollments by big companies has been a boon for Americans’ savings.“Automatic enrollments are just a great way to get people onto a good savings track," says Benjamin Harris, a policy advisor at the Brookings Institution. “It’s not all that simple to know the best way to invest your money. So when companies take that step for these workers, I think they've gotten over the biggest hurdle."

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