A new method for measuring income inequality reveals that, from 1975 to 2018, the only group for which actual income gains exceeded U.S. GDP growth was the group near the 99th percentile of income distribution.
Depending on definition, the American middle class has been either receiving less income or shrinking in size since the '70s. The economic effects of the pandemic will likely generate further declines in the middle class and a disproportionate entry into the lower class.
Minimum wage increases can lead to reductions in employer-sponsored health insurance for some workers and their dependents. If policymakers want to raise the minimum wage, they should look beyond standard labor market outcomes and take into account other potential effects.
A synthetic control estimator is generalized to estimate parameters associated with multiple discrete or continuous explanatory variables, which are then applied to study the disemployment effects of the minimum wage.
This weekly recap focuses on how early mistakes led to America's failure in Afghanistan, the potential effects of critical race theory bans, an art installation that breaks down RAND data on income inequality, and more.
Based on RAND data, a physical installation created by information designer Giorgia Lupi shows income inequality in the United States over the last four decades. The sculpture also evokes the deeper societal ideas and meanings behind these numbers.
In this report, the authors examine labor demand and supply for seven U.S. Department of Defense cyber work roles to help determine whether pay adjustments are necessary to support the recruitment and retention of critical personnel.
The NCAA has long restricted what student athletes could receive in education-related benefits. But a recent Supreme Court ruling may be a step toward allowing athletes to access the income that their labor produces.
Income share agreements provide access to postsecondary education for students who could not otherwise pay for school. Borrowers pay back a share of their salary when they get a well-paying job. But since ISAs are not regulated or standardized, they pose unique risks and have the potential for discrimination.
The authors examine U.S. Air Force civilian compensation for hard-to-fill and mission critical occupations, comparing it with other federal agencies and the private sector and providing recommendations for recruiting and retaining civilian talent.
The authors compare salary, benefits, and employment for federal and private-sector workers in science, technology, engineering, and mathematics (STEM). They analyze data, present findings on STEM and non-STEM workers, and make recommendations.