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Ryan Nunn and Jay Shambaugh's analysis of the U.S. Census Bureau's Management and Organizational Practices (MOPS) survey finds that management competence does not increase with firm age, and that small firms often lack the management skills necessary to help their firms grow. New Hamilton Project policy solutions would include more rigorous evaluation of management practices and strengthen entrepreneurship as a result.
Over the last three years, amid a strengthening labor market, the prime-age (25- to 54-year-old) labor force participation rate has increased. This blog post explores the forces driving this trend and the implications of this increase on the long-term trend in labor force participation.
A family getting by on $117,400 in San Francisco can now be considered 'low income', according to government figures. Jay Shambaugh and Ryan Nunn explain this phenomenon by breaking down the variation in earnings and cost of living across the U.S.
Educational and occupational choices matter for your earnings, but where you work matters, too. Employment opportunities and wages in some occupations vary substantially from state to state, county to county, and city to city. One location might be a great place to earn a living as a nurse but not as a construction worker (e.g., New Orleans, Louisiana), while a different location might be the opposite (e.g., Utica, New York). In this economic analysis we look at some of the ways that typical earnings in an occupation—and the value of those earnings after adjusting for taxes and cost of living—vary across the United States. We also examine some of the reasons why places have such different labor markets.
On June 13, The Hamilton Project at the Brookings Institution will host a forum to explore the most effective policy options to foster a more dynamic and competitive economy.
In this op-ed, Jay Shambaugh and Ryan Nunn describe the need for vigorous competition and more entrepreneurship in the U.S. economy and outline policies to spur new business creation and reduce market concentration.
Over the past few decades there have been troubling indications that dynamism and competition in the U.S. economy have declined. Markets are more concentrated than they were a few decades ago, and entrepreneurship is less common, with both the number and employment share of new firms well below the levels of previous decades. Carefully assessing these trends as they relate to public policy is necessary to achieving a more competitive, productive economy that generates broadly shared growth.
An estimated 15.5 million U.S. workers have alternative arrangements for their primary employment—this includes independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms. Alternative work arrangements may on the one hand represent flexibility of the U.S. labor market; on the other hand, such arrangements may indicate insufficient labor demand. These new arrangements likely require different labor market institutions to protect workers as well as new data to properly understand the state of the labor market.
On April 25, The Hamilton Project at the Brookings Institution and the George W. Bush Institute co-hosted a forum to explore whether broadening the scope of school accountability under the Every Student Succeeds Act would spur states and schools toward improving school quality and student achievement.
In this Hamilton Project strategy paper, Lauren Bauer, Patrick Liu, Diane Whitmore Schanzenbach, and Jay Shambaugh articulate a framework for states as they oversee implementation of statewide accountability plans under the Every Student Succeeds Act and describe how states differ in their approaches. The authors present novel analyses of the factors at the school and student levels that relate to chronic absenteeism and describe evidence-based strategies for schools as they work to reduce rates of chronic absence among students.
Limited college access is an issue that impacts students from a wide variety of backgrounds, including those from both rural and urban communities. In this op-ed, Hamilton Project Director Jay Shambaugh and University of Notre Dame Associate Professor Abigail Wozniak offer strategies to encourage geographic mobility at college entry and exit.
Revitalizing wage growth is crucial to raising living standards, yet U.S. wage growth has been disappointing both in recent years and over the last several decades. In this op-ed, Hamilton Project Director Jay Shambaugh and Policy Director Ryan Nunn outline several policy actions that could help lift wage growth.