"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.
In the News
Order by: Date, Title
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.
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.
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.
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?
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.
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.
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.
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.
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."
Search In the News
Hamilton Project Updates
A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.