Gold and stocks, which are conventionally regarded as a safe haven and risk assets, respectively, exhibit complex interrelationships, with significant implications for financial risk management. This paper builds on the sentiment categorization proposed by Liang et al. (2020) to distinguish between private and public sector sentiment. The…

This report provides a comprehensive analysis of Pennsylvania's economic conditions, detailing various economic indicators and labor market trends, including data on inflation, unionization benefits, and the impact of erratic tariff policies that may be sparking renewed inflation and eroding investment. Unemployment has increased, hiring has…

Using randomized control trials (RCTs) applied over time in different countries, we study how the economic environment affects how agents learn from new information. We show that as inflation has recently risen in advanced economies, both households and firms have become more attentive and informed about inflation, leading them to respond less to…

Although considerable discussion has been devoted to the macro determinants of labor market variables across genders, comparatively little attention has been given to the contribution of the informal economy to this market. This study was aimed at empirically investigating the impact of the size of the shadow or informal economy (IE) on labor…

In the aftermath of the financial and economic recession of 2008, 130 Spanish students of five age groups (8 to 17 years) and two socioeconomic backgrounds were individually interviewed about unemployment and lower wages. The participants were presented with two hypothetical situations, and their responses were qualitatively and quantitatively…

Purpose: This paper aims to operationalise a modified strategic human resource development (SHRD) framework to examine managerial perceptions of the strategic embeddedness of human resource development (HRD) in organisations in times of business and economic uncertainty. Design/methodology/approach: The paper draws on qualitative research data,…

This dissertation consists of three chapters that study individual investment in human capital and the incidence of economic shocks. I use administrative data to answer these questions, developing and applying structural methods to analyze individual choices in combination with a careful consideration of research design. Chapter 1 studies the…

Years ago, it became established that the severity and length of the Great Depression were due largely to misguided Federal Reserve monetary policy and the resulting catastrophic bank failures. This result is confirmed by surveys of scholars in the area and books specifically written on economic history. Yet the leading textbooks used in high…

College and university administrators must be able to process large amounts of financial information quickly and be able to communicate information about financial performance to governing boards. Financial ratio analysis provides a framework for administrators to identify financial and operational concerns as well as variances from institutional…

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…

Tuition discounting has been a long-standing practice among colleges and universities. Its roots can be traced to the beginnings of the 1970s, and its use has continued to increase and expand in the decades following. However, despite its widespread use, the research is inconclusive whether tuition discounting has been an effective strategy to…

"The State of Working Pennsylvania 2022" centered on the continued recovery from the COVID-19 recession, highlighting that Pennsylvania was at a policy crossroads: would political leaders embrace policies to strengthen the individual and collective worker power evident a year ago? Or would austerity and anti-worker policies after the…

This paper analyzes the labor market impact of the Great Recession on overeducated and undereducated workers. In March 2008, the U.S. economy was near full employment with an unemployment rate of 4.8 percent. The next year, the unemployment rate peaked at 10.0 percent. The pace of the economic decline allows us to observe the workers'…

This article argues that since World War II, comparative education has worked in the service of two historic blocs: one focused on creating institutions and ideologies in support of internationalism and a second focused on containing the threat of communism. Both versions have supported and justified foreign intervention into domestic education…

In this 2023 NEA Special Salary issue, a post-pandemic look at faculty salaries in 2022. What was found, looking at federal data, is that U.S. faculty's purchasing power--that is the value of your salary, considering inflation--is at historical lows. All the gains that were made incrementally since the Great Recession of 2008 have evaporated in…