Search Results
Journal Article
Industry concentration in tri-state metropolitan areas
Journal Article
Wealth inequality among the Forbes 400 and U.S. households overall
While widening income inequality in the United States has garnered much public and academic attention in recent years, wealth inequality reveals an even starker picture. For instance, in 2010, the top 1 percent of income earners received 19.8 percent of total household income. In the same year, the wealthiest 1 percent held 35.4 percent of total household wealth (Kaplan 2013). Moreover, wealth inequality has increased in recent decades, with most gains concentrated among the richest 20 percent of households (Wolff 2013).
Journal Article
Core inflation as a predictor of total inflation
Journal Article
Venture capital in the Philadelphia metro area
Many consider venture capital to be a barometer of innovation and economic growth. It is an important source of capital for startups that banks deem too risky to finance. Therefore, it would be useful to examine how the venture capital industry has fared during the recent recession. This report focuses on the Philadelphia metro area and how it compares with the nation. In particular, it highlights the fact that the area increased its share of the nation?s biotechnology deals during the recession.
Journal Article
Has job quality been \\"job one\\" in the economic recovery?
The Great Recession of 2007-09 has been followed by a Not-So-Great Recovery. The U.S. economy lost more than 8.7 million jobs, representing 6.3 percent of total U.S. payroll employment, on net, during the Great Recession. But while the recovery from this very deep recession began in June 2009, the first net increase in payrolls did not occur until March 2010, eight months into the recovery.
Journal Article
On the causes of declines in the labor force participation rate
The unemployment rate stood at 5.0 percent when the Great Recession started in December 2007 but had more than doubled toward the end of 2009, peaking at 10 percent. Since then, however, it has steadily declined. As of the end of 2013, the jobless rate stood at 6.7 percent. While it is still high by historical standards, significant progress has been made. Moreover, the declines were often faster than many had predicted.
Journal Article
The long-run effects of the bankruptcy reform bill
Journal Article
Are we in a recession? The 'anxious index nowcast' knows!
When the economy is in the midst of a recession, even a severe one, it can be quite difficult at first to tell. For example, as the Great Recession took hold in late 2007 and early 2008, uncertainty lingered as to whether the economy had merely slowed or was already contracting. Unfortunately for policymakers, investors, and consumers ? all of whom might have been able to use such information to make better decisions regarding consumption, investment, and saving ? the recession was not officially called until December 2008. Similarly, the four prior recessions were anywhere from five to nine ...
Journal Article
Recession dating and real-time data