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Blog Post Aug 14, 2018

Supporting Start-ups with Better Management Practices

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.

Economic Analysis Jul 9, 2018

Where Work Pays: How Does Where You Live Matter for Your Earnings?

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.

Economic Facts Jun 13, 2018

The State of Competition and Dynamism: Facts about Concentration, Start-Ups, and Related Policies

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.

Blog Post Jun 7, 2018

Independent Workers and the Modern Labor Market

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.