Doubling the subsidized rate could also have discouraged students from seeking federal aid or pushed many toward cheaper public institutions or two-year community colleges, said Ronald Ehrenberg, director of the Cornell Higher Education Research Institute and a professor of labor relations and economics.
Enrico Moretti is the Michael Peevey and Donald Vial Chair in Labor Economics at the University of California, Berkeley.
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Adam Ozemik has two thoughtful pieces up ( here and here) on the economics of unions and the difficulty organized labor faces in a global, dynamic economy.
This is the economics of labor markets and compensating differentials.
"This is an industry where if you get your costs out of line and business is not so good, you're dead, " says Sam Peltzman, a University of Chicago business school economics professor who studies labor and the airline industry.
"This is an industry where if you get your costs out of line and business is not so good, you're dead, " says Sam Peltzman, an economics professor at the University of Chicago business school who studies labor and the airline industry.
Economics professor and investment advisor, Douglas Rice, citing the most recent Bureau of Labor Statistics for the over-55 set, says that the employment scene appears to be better for women (6.2%) than for men (8.1%).
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The commitment comes as economics are changing for making goods overseas: Labor costs are rising in Asia, while oil and transportation costs are high and increasingly uncertain.
Public choice theory explains the incentives and behavior of the tens of thousands of government employees who work in the bowels of the Bureau of Labor Statistics, Bureau of Economic Analysis, U.S. Treasury, Office of Management and Budget, Economics and Statistics Administration, and countless other agencies who generate and massage spreadsheets day in and day out.
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