Global Economy

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The world economy is increasingly integrated, presenting vast opportunities for gains from America’s many competitive advantages, but also posing substantial risks to those displaced by new patterns of economic activity. The Hamilton Project’s innovative proposals will help Americans leverage new opportunities to compete and grow, and also provide economic security from the increased risks and uncertainties associated with a global economy.


Related to Global Economy

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Raising Job Quality and Skills for American Workers: Creating More-Effective Education and Workforce Development Systems in the States

Papers • November 2011 • Harry J. Holzer

Less educated workers often experience prolonged periods of unemployment and stagnating wages because they lack the skills necessary to compete in a global economy. In a new Hamilton Project paper, Harry J. Holzer proposes a set of competitive grants to fund education, training, and career counseling initiatives that feature private sector connections based on the experience of existing successful workforce development programs.

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Building America’s Job Skills with Effective Workforce Programs: A Training Strategy to Raise Wages and Increase Work Opportunities

Papers • November 2011 • Michael Greenstone, Adam Looney

Amid the Great Recession and rapid technological changes, both workers with less education and workers who have been displaced from long-tenured jobs face challenges because they lack the particular skills that employers demand for good-paying jobs. In a new Hamilton Project strategy paper, Michael Greenstone and Adam Looney address the importance of developing workers’ skills through training and workforce development programs, and examine newly available evidence on policies that boost job opportunities and wages.

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Policies to Reduce High-Tenured Displaced Workers’ Earnings Losses Through Retraining

Papers • November 2011 • Louis S. Jacobson, Daniel G. Sullivan, Robert J. LaLonde

After being displaced from long-tenured jobs, workers often experience persistent, significant earnings losses. New research suggests that retraining in certain “high-return” fields can substantially reduce these losses. In a new Hamilton Project paper, Louis S. Jacobson, Robert J. LaLonde and Daniel G. Sullivan propose the establishment of a Displaced Worker Training (DWT) Program to distribute grants to displaced workers so they can obtain longer-term training to substantially increase their earnings. The DWT Program would also leverage the nation’s One-Stop Career Centers to assess and counsel grantees.

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Creating 21st Century Jobs: Increasing Employment and Wages for American Workers in a Changing World

Papers • December 2010

In this paper, the Center for American Progress (CAP) and The Hamilton Project (THP) outline three proposals to help address the long-run imperative of creating jobs and improving wages in the United States.

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Ten Economic Facts about Immigration

Papers • September 2010 • Adam Looney, Michael Greenstone

This policy memo explores some of the questions frequently raised around immigration in the United States and provides facts drawn from publicly available data sets and the academic literature.

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The Polarization of Job Opportunities in the U.S. Labor Market: Implications for Employment and Earnings

Papers • April 2010 • David Autor

This paper analyzes the U.S. labor market over the past three decades and finds employment polarization on the rise as job opportunities decline in middle-skill occupations, resulting in a sharp increase in wage inequality.

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A U.S. Cap-and-Trade System to Address Global Climate Change

Papers • October 2007 • Robert N. Stavins

This paper lays out the arguments for using cap-and-trade to address climate change and proposes a system that includes an upstream cap on CO2, a gradual downward trajectory of emissions ceilings over time, and mechanisms to reduce cost uncertainty.

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An Economic Strategy to Address Climate Change and Promote Energy Security

Papers • October 2007 • Jason Furman, Jason E. Bordoff

This paper presents a strategy for addressing climate change and promoting energy security that includes pricing carbon and oil, investing in basic research on energy technologies, and engaging with other major emitting nations.

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Growth, Opportunity, and Prosperity in a Globalizing Economy

Papers • July 2006 • Michael Deich, Peter Orszag

This briefing paper articulates a philosophy of embracing international competition while investing in workers and market-friendly insurance. The underlying goal is to boost overall productivity while also sharing more broadly both the benefits and costs of trade.

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Changes in College Completion Over Time Across Countries

December 3, 2010 • Charts

In the 1970s and 1980s, the United States led the world in the share of the population that completed a college degree; by 2008 that lead had essentially vanished.

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High-Skill Immigration to the United States

September 28, 2010 • Charts

America is issuing a declining number of visas for high-skill workers.

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Immigration to the United States

September 28, 2010 • Charts

The United States experienced two waves of immigration over the last century.  The first peaked in 1910, while the second stemmed from immigration reform in 1965 and continues today.

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Net Taxpayer Cost or Benefit for U.S. Born and Immigrants by Age

September 28, 2010 • Charts

Immigrants and the U.S.-born have similar fiscal footprints, paying more in taxes than they consume in services over their lifetime.

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Impact of Immigration on Wages of U.S. Born Workers

September 28, 2010 • Charts

Immigration may have a modest positive effect on the average wage of U.S.-born workers.

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Education of U.S.-Born and Foreign-Born in the American Workforce

September 28, 2010 • Charts

Educational attainment of foreign-born workers in the American workforce varies widely.

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Employment Growth by Skill Level, 1979-2007

April 30, 2010 • Charts

Over the past 30 years, employment has increased in low-skill and high-skill occupations while at the same time stagnating or decreasing in middle-skill occupations. 

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Testimony of Alan S. Blinder

January 26, 2012 • Alan S. Blinder

Advisory Council member Alan S. Blinder testifies before the Senate Budget Committee on his views on the economy and budget.

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Crossing Borders: From Myth to Sound Immigration Policy

September 28, 2010 • Washington, DC

The Hamilton Project hosted a forum focused on the economics of immigration. A panel of economic experts helped distinguish economic reality from myth in the current debate, with particular regard to the impact of immigration on the wages of middle-class and lower-income workers; the living standards of Americans; and the demand for, and availability of, visas for highly skilled workers.

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Economic Growth Strategies for Developing Countries in an Era of Global Uncertainty

April 14, 2008 • Washington, DC

Together with the Commission on Growth & Development, The Hamilton Project hosted a policy roundtable on the role of economic growth in reducing poverty in developing nations. A panel of experts discussed policies to help developing nations move forward in this era of global uncertainty.

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Reforming Taxation in the Global Age

June 12, 2007 • Washington, DC

A two-part forum and release of a new set of policy proposals that address the challenges of reforming the U.S. tax system.

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Economic Security in a Changing World

September 15, 2006 • Washington, DC

The Project co-sponsored an event with The New Republic featuring four panel discussions focused on income instability among American families, economic security and growth, and new proposals for progress.

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Meeting the Challenge of the Global Economy: Trade, Economic Security, and Effective Government

July 25, 2006 • Washington, DC

The Hamilton Project convened a forum surrounding the release of a new set of policy papers examining trade and government reform policy with a discussion of the challenges presented by a global economy.

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Changes in College Completion Over Time Across Countries

December 3, 2010 • Charts

In the 1970s and 1980s, the United States led the world in the share of the population that completed a college degree; by 2008 that lead had essentially vanished.

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Crossing Borders: From Myth to Sound Immigration Policy: Event Photos

September 28, 2010 • Photo Galleries

The Hamilton Project hosted a forum focused on the economics of immigration. A panel of economic experts helped distinguish economic reality from myth in the current debate — with particular regard to the impact of immigration on the wages of middle-class and lower-income workers, the living standards of Americans, and the demand for, and availability of, visas for highly skilled workers.

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High-Skill Immigration to the United States

September 28, 2010 • Charts

America is issuing a declining number of visas for high-skill workers.

charts Icon

Immigration to the United States

September 28, 2010 • Charts

The United States experienced two waves of immigration over the last century.  The first peaked in 1910, while the second stemmed from immigration reform in 1965 and continues today.

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Crossing Borders: From Myth to Sound Immigration Policy: Guest Speaker Melody Barnes

September 28, 2010 • Audio

Assistant to the President for Domestic Policy Melody Barnes' remarks at the Crossing Borders: From Myth to Sound Immigration Policy event with introduction by Hamilton Project Advisory Council member Roger Altman.  

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Crossing Borders: From Myth to Sound Immigration Policy: Panel 2 Audio

September 28, 2010 • Audio

Panel 2 audio from the Crossing Borders: From Myth to Sound Immigration Policy event.

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Net Taxpayer Cost or Benefit for U.S. Born and Immigrants by Age

September 28, 2010 • Charts

Immigrants and the U.S.-born have similar fiscal footprints, paying more in taxes than they consume in services over their lifetime.

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Crossing Borders: From Myth to Sound Immigration Policy: Panel 1 Audio

September 28, 2010 • Audio

Panel 1 audio from the Crossing Borders: From Myth to Sound Immigration Policy event.

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Impact of Immigration on Wages of U.S. Born Workers

September 28, 2010 • Charts

Immigration may have a modest positive effect on the average wage of U.S.-born workers.

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Education of U.S.-Born and Foreign-Born in the American Workforce

September 28, 2010 • Charts

Educational attainment of foreign-born workers in the American workforce varies widely.

Hamilton Project Updates

A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.