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If the labor market is showing signs of strength, why is there nearly zero growth in wages after adjusting for inflation? In this commentary, Ryan Nunn and Jay Shambuagh identify four plausible explanations for slow wage growth.
Where people live in the United States is often a key determinant of their economic outcomes. This article explores the disparities that exist between counties, and considers place-based policies to support disadvantaged communities across the country.
Immigration has wide-ranging impacts on society and culture, and its economic effects are no less substantial. This document provides a set of economic facts about the role of immigration in the U.S. economy, describing the patterns of recent immigration (levels, legal status, country of origin, and U.S. state of residence), the characteristics of immigrants (education, occupations, and employment), and the effects of immigration on the economy (economic output, wages, innovation, fiscal resources, and crime).
How are real incomes rising even as real wages are flat? Ryan Nunn and Jay Shambaugh take a closer look at outcomes over the past few years, and factors that play a role in determining the household income growth rate.
Where people live in the U.S. makes a big difference to their chances of enjoying a long and prosperous life. Kriston McIntosh, Ryan Nunn and Jay Shambaugh explain a "vitality index" developed by The Hamilton Project to explore—at county level—why some places thrive while others struggle.
On September 28, The Hamilton Project at the Brookings Institution hosted a forum to explore the most effective policy options to foster place-based policies for shared economic growth.
Ryan Nunn, Jana Parsons, and Jay Shambaugh investigate the factors that have created concentrated prosperity in the United States while leaving many places behind. They explore how economic activity has shifted, as well as the factors that are associated with success or failure for particular places.
For a century, the progress our nation made toward realizing broadly shared economic growth gave our economy much of its unparalleled strength. However, for the last several decades, that progress has seemed to stall. On critical measures such as household income, poverty, employment rates, and life expectancy, there exist yawning persistent gaps between the best- and worst-performing communities. These conditions demand a reconsideration of place-based policies. The evidence-based proposals contained in this volume can help restore the conditions of inclusive growth that make it possible for individuals from any part of the country to benefit from economic opportunity.
In this op-ed, Hamilton Project Policy Director Ryan Nunn discusses occupational licensing reform and its potential impact on the U.S. health care system. Nunn outlines several types of considerations to achieve best practices in the health care sector.
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.