• Loading stock data...
Education Employment Featured World

Revisiting the consequences of job displacement

Decades of research have confirmed that job displacement causes significant and persistent earnings losses. This column presents new evidence from workers displaced during firm closures in West Germany between 2000 and 2005 which suggests that these losses are in fact much more heterogeneous than previously documented, and that the large average losses documented in previous […]

Labour Business Featured Lifestyle World

US wealth inequality in 2022: A modest reversal at the top, persistent challenges below

The causes and consequences of income and wealth inequality are central concerns in economic research and policy discussions. This column presents findings from the 2022 Survey of Consumer Finances on the state of US economic inequality. Three key patterns emerge: wealth remains highly concentrated, younger generations are accumulating less wealth than their predecessors, and wealth […]