Markets

Employment and Unemployment
commentary
For Leisure and Hospitality, Weak Recovery Still Looks Like Recession
Kathryn A. Edwards @keds_economist
Sep 4, 2020
The RAND Blog
By most measures, the workers hardest hit by pandemic shutdowns were those in the leisure and hospitality sector, which includes arts, entertainment, recreation, accommodation, and food services. These jobs, which are still affected by government social distancing regulations, are not all likely to come back before the pandemic truly ends.
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Los Angeles
commentary
Industry Mix in L.A. Area Helps Explain Recent Record Unemployment Rates
Jason M. Ward
Aug 25, 2020
The RAND Blog
The Los Angeles Combined Statistical Area reported more than 270,000 job cuts between March and early August. Considering which industries have cut jobs may provide a window into the area's unique labor market and help explain how the area currently has among the highest unemployment in the nation.
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Market Regulation
commentary
Too Interconnected to Fail
Jonathan William Welburn @jwwelburn, Aaron Strong
Aug 22, 2020
Wall Street Journal
The 2007–08 financial crisis made regulators and lawmakers acutely aware that some financial institutions had become too big to fail. The next big economic crisis may arise outside the financial sector, in highly networked companies that are too interconnected to fail.
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Employment and Unemployment
commentary
What Unemployment Statistics Obscure About Temporary Layoffs
Kathryn A. Edwards @keds_economist
Aug 17, 2020
The RAND Blog
As the broadest COVID-19 shutdowns were underway this spring, a historic number of American workers entered temporary layoff. Those temporary layoffs represent an economy put on pause. What has happened to them since then tells us if the economy can hit play again.
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Humanities and the Arts
commentary
Arts and Cultural Workers Are Especially Vulnerable to the Pandemic
Susan A. Resetar, James V. Marrone, Daniel Schwam
Jul 23, 2020
The RAND Blog
Workers in the arts and cultural industries could be especially vulnerable to the economic shocks of COVID-19. As the United States reopens and decides its future, it should recognize these vulnerabilities, as well as the benefits that the arts and cultural industries offer.
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Employment and Unemployment
commentary
Is the U.S. Stuck with a Fixed Add-On for Unemployment?
Kathryn A. Edwards @keds_economist
Jul 23, 2020
The RAND Blog
When COVID-19 led to millions of Americans losing their jobs, Congress moved to increase unemployment benefits by $600 a week. What should happen when those extra benefits expire?
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Employment and Unemployment
commentary
COVID-19's Depletion of Entry-Level Summer Jobs Can Have Long-Lasting Effects for Young Workers
Matthew D. Baird
Jul 6, 2020
The RAND Blog
Summer is typically when employment for young workers is at its highest. One of the many costs of the pandemic is lower employment rates. For young workers, it's not just an issue of lost wages; there is also an effect on their personal job history.
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Economic Development
commentary
The Wealth Gap Widens
Shanthi Nataraj @ShanthiNataraj
Jun 1, 2020
Los Angeles Times
Whether history considers the current downturn a recession or a depression, it will reinforce the growing inequality in the United States. Navigating this crisis without substantially increasing inequality would require an unwavering commitment to support displaced workers and small-business owners.
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Employment and Unemployment
commentary
38 Million Have Applied for Unemployment—but How Many Have Received Benefits?
Kathryn A. Edwards @keds_economist, Jeffrey B. Wenger
Jun 1, 2020
The RAND Blog
Unemployment Insurance may need substantial reform to its application process, but it has weathered the COVID-19 pandemic unemployment disaster. Pandemic Unemployment Assistance, the new program intended for workers who are not part of the employer tax base, has not.
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Health Care Reform
commentary
Options for Designing a Public Option
Michael Cohen, Al Bingham, Stan Dorn, Jodi L. Liu @jodilliu, Christine Eibner @Chrissyeibner
May 28, 2020
The RAND Blog
State and federal policymakers are considering adding state-backed public options to the individual market in an effort to expand health coverage and improve affordability. We analyzed what would happen if public options became available in U.S. health insurance exchanges.
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Workforce Management
commentary
To Preserve Jobs, America's Employers May Have to Get Creative
Jason M. Ward
May 26, 2020
CNN
With about 38.6 million Americans filing for unemployment insurance benefits since the end of February, it is clear that COVID-19 has turned the world of work upside down. One way to reduce the economic damage may be job-sharing, an approach that focuses on maximizing jobs by reducing workers' hours rather than resorting to layoffs or furloughs.
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Decisionmaking
commentary
Relaxing COVID-19 Restrictions Presents Stark Health and Economic Choices
Jeanne S. Ringel @JeanneRingel, Raffaele Vardavas, Aaron Strong
May 18, 2020
The RAND Blog
RAND's new COVID-19 interventions impact tool uses epidemiological and economic models and continually refreshed data to estimate what could happen as restrictions are eased. The tool won't make the choices confronting state leaders less painful. But it can provide clear, evidence-based estimates of the health and economic trade-offs.
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Gender Equity in the Workplace
commentary
Economic Recovery in Egypt Should Include Women
Louay Constant @LouayConstant
May 11, 2020
United Press International
Despite tremendous strides in educational attainment, women's engagement in the labor force in Egypt remains limited. Will Egypt's post-pandemic recovery further exacerbate structural barriers and inequities? Or could the current economic crisis be an opportunity to develop new opportunities to employ women and foster conditions for a more inclusive and diversified labor force?
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Employment and Unemployment
commentary
Is the Unemployment Rate Now Higher Than It Was in the Great Depression?
Jeffrey B. Wenger, Kathryn A. Edwards @keds_economist
May 7, 2020
The RAND Blog
The extent of COVID-19's effect on the labor market will be catastrophic for many workers and businesses. Matching the unemployment rate peak set by the Great Depression is not even necessary to establish the historic nature of the downturn that we're living through.
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Employment and Unemployment
commentary
Millions Need Unemployment Benefits. Unfortunately, the Delivery System Is Broken
Kathryn A. Edwards @keds_economist
Apr 6, 2020
Los Angeles Times
More than 10 million Americans filed for unemployment insurance in March as businesses closed in response to the COVID-19 pandemic. Washington's stimulus package enacted welcome measures to tide people over, but these temporary fixes don't address some serious structural problems.
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Demographics
blog
Ink Tank: At RAND, Tattoos Sometimes Reflect the Research
Jan 10, 2020
Three RAND experts and one Pardee RAND student explain how their tattoos reflect their research on the problems Marines face, end-of-life care, migration-related issues, and the changing needs of the labor force.
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Assessing and Articulating the Wider Benefits of Research

Markets

For Leisure and Hospitality, Weak Recovery Still Looks Like Recession

Industry Mix in L.A. Area Helps Explain Recent Record Unemployment Rates

Too Interconnected to Fail

What Unemployment Statistics Obscure About Temporary Layoffs

Arts and Cultural Workers Are Especially Vulnerable to the Pandemic

Is the U.S. Stuck with a Fixed Add-On for Unemployment?

COVID-19's Depletion of Entry-Level Summer Jobs Can Have Long-Lasting Effects for Young Workers

The Wealth Gap Widens

38 Million Have Applied for Unemployment—but How Many Have Received Benefits?

Options for Designing a Public Option

To Preserve Jobs, America's Employers May Have to Get Creative

Relaxing COVID-19 Restrictions Presents Stark Health and Economic Choices

Economic Recovery in Egypt Should Include Women

Is the Unemployment Rate Now Higher Than It Was in the Great Depression?

Millions Need Unemployment Benefits. Unfortunately, the Delivery System Is Broken

Ink Tank: At RAND, Tattoos Sometimes Reflect the Research

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