Markets

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The City of Pittsburgh's a Movie Star

Pennsylvania lawmakers and other stakeholders should consider updates to the film tax credit law and economic development strategy to improve the state's competitiveness, enhance the stability of the industry, and fill gaps in the current workforce.

Evan D. Peet @evandpeet

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Escalation in Ukraine, a Trilateral Imperialist Threat, Disaster Recovery: RAND Weekly Recap

This weekly recap focuses on the risk of escalation in Ukraine, the threat of a North-Korea-Russia-China partnership, the economics of disaster recovery, and more.

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Disaster Recovery Creates Its Own Bubble

Shortages of workers and materials inevitably make rebuilding slower and more expensive after a natural disaster. In Maui, this is likely to be a problem for agencies like FEMA that provide public assistance. But it will also be a problem for individual households if private insurance payouts are insufficient to rebuild.

Aaron Strong @resourceecon

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The Four-Day School Week, AI and Social Media Manipulation, School Safety: RAND Weekly Recap

This weekly recap focuses on the costs and benefits of a four-day school week, how artificial intelligence is bringing a new era of social media manipulation, the effects of placing police officers in schools, and more.

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A Potential Alternative for Regulating Internet-Based Platform Services

The use of internet-based platform services like Amazon, DoorDash, and Uber Eats is increasing and can be helpful. But the companies that offer these services may be engaging in predatory practices that can harm users and local businesses. Some form of centralized policy action may help; local governments could play a more active role.

Swaptik Chowdhury, Timothy Marler

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The EU Can't Treat Ukrainian Refugees Like Short-Term Visitors

Although EU countries, communities, and citizens have been very welcoming to Ukrainian refugees, it is not enough to treat them as short-term visitors, meet their immediate humanitarian needs, and let them wait out the war. By educating and employing them instead, EU countries can enrich their own communities and support Ukraine.

Shelly Culbertson @SC_Culbertson, Thomas S. Szayna

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Reflecting on the Pandemic, RAND Turns 75, Labor Trafficking: RAND Weekly Recap

This weekly recap focuses on lessons learned from the COVID-19 pandemic, 75 years of influential RAND research, reducing labor trafficking in the United States, and more.

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The Army Should Be Looking for a Few Older Soldiers

Recruiting older people to enlist in the Army could help increase numbers, quality, and talent. Individuals who enlist over the age of 21 perform better as soldiers on several metrics. Recruiters have noted that older recruits are of higher quality, more focused, and more motivated.

Ryan Haberman @RJ_Haberman, Michael S. Pollard @MichaelSPollard

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Financial Panic in the Age of Digital Banking and Social Media

Bank runs as a source of systemic risk are nothing new. To manage systemic risks in the age of social media, regulators may need to anticipate where the crisis will go and build in automatic brakes to slow them down. There likely won't be time to react at the speed of negotiation between regulators and bankers.

Jonathan W. Welburn @jwwelburn

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Long COVID Is a Mass Disability. The Labor Market Is in Denial

Forget the work-from-home revolution or quiet quitting: The COVID-19 pandemic's biggest impact on the U.S. labor market will be as a mass disability event. It's a shock that the economy is not well prepared to handle.

Kathryn A. Edwards

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How COVID-19 Transformed the Jobs Market

The COVID-19 pandemic initially devastated the U.S. economy. It also exposed and exacerbated existing inequities in society. But in as yet unpredictable ways, it may have accelerated profound changes in how labor works today.

Brian Michael Jenkins @BrianMJenkins

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Measure ULA Reflects the Wrong Lessons from Proposition HHH

Los Angeles voters approved the so-called “mansion tax,” Measure ULA, which proponents suggested will raise funds for about 26,000 new units of affordable housing over the next decade. But a key labor provision casts doubt on that optimistic projection.

Jason M. Ward @jason_m_ward

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Cannabis Legalization in Europe: Planning Ahead

Since 2012, multiple jurisdictions have changed their laws to legalize the production, possession, and use of cannabis for nonmedical purposes. While most of these changes took place in the Americas, there are signs that the European legal landscape might be changing, too.

Mafalda Pardal @PardalMafalda

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Green Jobs and Skills Development for Disadvantaged Groups

Many countries have plans to increase green job opportunities. To make sure that everyone can benefit from this promised green transition, it is important to understand how people with low qualifications, and other marginalised groups, might be able to access green jobs.

Joanna Hofman @JoannaBHofman, Katrin Feyerabend, et al.

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Legalizing Cannabis, the Russian Nuclear Threat, Digital Offshoring: RAND Weekly Recap

This weekly recap focuses on cannabis legalization, the Russian nuclear threat, the effects of digital offshoring, and more.