Purpose: Inspired by the neoclassical economic theory and endogenous growth theories, where former studies suggest that the economic growth of a country can be observed through the combination of three factors. Those three factors include capital, the number of labour forces (human capital) and technology. This research was initiated to study the…

As we approach this Labor Day, the Pennsylvania economy is growing steadily. Working families are sharing in prosperity in a more sustained way than at any point since 1980--although many families still struggle to make ends meet and, in our polarized nation, a big partisan divide exists in perceptions of whether the economy is better than four…

Rural America has long been perceived as "left behind" by policies that leave it struggling while benefiting bustling urban cities and suburbs. That narrative holds some truth: rural America has a declining population, along with lower educational attainment and lower workforce participation than urban America. But while rural America…

The COVID-19 pandemic brought unprecedented economic and policy challenges to the United States and other countries. Navigating out of the pandemic slowdown is another novel experience, which makes it more difficult to answer the question addressed each year in the "State of Working Pennsylvania": How is the Pennsylvania economy…

This article investigates how regional inequalities shape the employment seeking experiences and behaviour of graduates by drawing on the case of Chinese Master's graduates under COVID-19. Based on interviews with graduates who chose to work as the 'targeted selected graduates' (TSG) of "University A," located in the underdeveloped…

Tom Wilson, the chair of the executive committee of the U.S. Chamber of Commerce published an op-ed titled "Save Capitalism by Paying People More." Wilson acknowledges in blunt terms that ordinary working Americans are not flourishing economically. This year's annual "The State of Working Pennsylvania" documents the accuracy of…

The United States and Pennsylvania economies are at a pivot point: Will we build forward better or will we build back the same? Will we make things even worse? This report revisits the policy choices that lie ahead. Most of this annual checkup on the Pennsylvania economy, the 26th "State of Working Pennsylvania," presents labor market…

The outflow of college graduates will damage the accumulation of regional human capital and affect regional economic and social development. This article uses the administrative data of the employment monitoring system for college graduates in a province in central China in 2018 and establishes a multivariate logit model based on the Todaro model,…

The growing availability of new data has pushed state policymakers to increasingly consider the return on investment of higher education. In this brief, we highlight key components of the return to higher education investments for both individual students and state taxpayers. By synthesizing research on how the value of education is realized at…

Panama has achieved socio-economic improvements in recent decades thanks to strong economic growth and consequent poverty reduction. Its growth model is characterised by a dual economy in which a small number of activities, including those related to the Canal and Special Economic Zones, have exhibited high productivity growth but limited job…

This article explores the origins of an identified cognitive disconnect between Bermudians and the International (Re)Insurance Centre after the latter's establishment in 1993. Quantitative analysis is used to map the relationship between employment and capital growth. It shows that capital growth is not a sufficient cause of employment growth. The…

This paper assesses the extent to which Rhode Island's workforce lacks skills that are in demand among the state's current and potential employers and, if so, whether such a skills gap or labor market "mismatch" significantly restrains employment growth in the state. Using an index developed by Sahin et al. (2014), we find that…

The economy's need for workers originates in the demand for the goods and services that these workers provide. So, to project employment, BLS starts by estimating the components of gross domestic product (GDP) for 2020. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the size--in…

This study combined demographic and institutional explanations of women's employment, describing and explaining the degree to which mothers in industrialized societies are less likely to be employed than women without children. A large number of cross-sectional surveys were pooled, covering 18 Organisation for Economic Co-Operation and Development…

The U.S. economy today has been in recovery since 2009. But nearly everyone agrees that the recovery is anemic--too slow to reduce the high level of unemployment. Real Gross Domestic Product (GDP)--the total value of all the goods and services produced in the United States--increased at an annual rate of 2.8 percent in the fourth quarter of 2010.…