This dissertation consists of two chapters, both of which study the wealth inequality using heterogenous agent general equilibrium model. In particular, the first chapter focuses on a government policy and its implications on wealth inequality. The second chapter incorporates cost to high return assets to generate realistic wealth mobility in the…

The recent health crisis -- and unprecedented, rapid job loss associated with it -- has illuminated how unprepared the United States is for helping workers who lose their jobs reskill to prepare for and successfully enter new employment. Policy responses to the current crisis -- while critical -- have fallen far short of addressing challenges…

The past year highlighted and heightened California's key challenges. Millions of Californians lost jobs and income during the COVID-19 crisis; low-income families, communities of color, and women were hit hardest. As schools and universities shifted rapidly to remote learning, educators and parents scrambled to provide all students with…

This paper examines labor market conditions and public employment policies in the United States during what some are calling the Great Recession. We document the dramatic labor market changes that rapidly unfolded when the rate of gross domestic product growth turned negative, from the end of 2007 through early 2009. The paper reviews the…

Members of the target population that came in contact with the Concentrated Employment Program (CEP) in Columbus, Ohio were studied. Virtually all were black and most were young males. Their employment histories fit the "hard-core unemployed" label, but their attitudes did not match this discouraged and alienated stereotype. Many were…

This third special report of the National Commission for Manpower Policy provides information regarding the ways that European nations were dealing with complex manpower problems similar to the ones faced by the United States during the recession of 1974-1975. Following a brief introductory section, section 2 reviews the methods used by the…

This book, which is intended for policymakers, administrators, and researchers, contains 13 research papers and reviews of the literature on increasing the effectiveness of publicly funded training. The following papers are included: "Publicly Funded Training in a Changing Labor Market" (Burt S. Barnow, Christopher T. King); "The…