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Grading higher education: Giving consumers the information they need
Potential students and their families must navigate a labyrinth of incomplete and uncertain information when deciding where to go to college, what to study, or…
A modern corporate tax
The U.S. corporate tax system introduced more than 100 years ago has not kept pace with changes to the economy. The growing role of financial innovation and th…
The Great Recession’s toll on long-term unemployment
The October employment numbers, released today by the Labor Department, show tentative progress toward recovery. The U.S. economy is creating jobs for the firs…
An economic strategy to renew American communities
When hit by recessions or other economic shocks, some communities have persistently low rates of economic growth that cause them to fall behind the rest of the…
The mobility bank: Increasing residential mobility to boost economic mobility
This paper proposes the creation of a “mobility bank” at a government cost of less than $1 billion per year to help finance the residential moves of U.S. worke…
Retraining displaced workers
Robert LaLonde of the University of Chicago and Daniel Sullivan of the Federal Reserve Bank of Chicago suggest that retraining through our nation’s community c…
Bringing jobs to people: How federal policy can target job creation for economically distressed areas
This paper proposes three solutions to bring jobs to distressed areas: customized job training programs for businesses and employees, advice and consulting ser…
New challenges for a nationwide recovery
Today’s release of September’s jobs numbers confirms what we all know: too many American workers remain unemployed. As the government reported, the U.S. econom…
