BRIEF | The Department of Labor’s monthly unemployment report released today shows an unemployment rate of 3.4% for workers over the age of 55.

BRIEF | More than half of American households who are near retirement have less than $12,000 saved.

BRIEF | A smaller share of older workers are officially looking for work. The unemployment rate for workers aged 55 to 64 was 3.6% in April, down 0.3 percentage points from March.

RELAB POLICY NOTE | Economic shocks, such as job-loss, have particularly adverse effects on retirement savings of workers in low-income households, exacerbating retirement savings inequality.

RELAB POLICY NOTE | Financial necessity is an important reason low-wage households are more likely to make pre-retirement withdrawals from their 401(k) plans.

RELAB POLICY NOTE | Inadequate wealth accumulations reflect well-known design flaws in the 401(k) system.

WORKING PAPER | The article introduces a decomposition of trade flows that allows to measure expenditure-growth effects and expenditure-switching effects, which is applied to 11 euro members 1990-2014.

WORKING PAPER | This paper entertains two distinct hypotheses about the meaning and effect of the Lucas critique.

WORKING PAPER | This paper further explores the plausibility of the Keynesian stability condition by enriching the Kaleckian growth model with a more fully developed Keynesian theory of expectations formation.

BRIEF | The reported unemployment rate for older workers often looks better than that for younger workers.

BRIEF | SCEPA Director Teresa Ghilarducci and Blackstone President Tony James propose a new approach to national retirement savings.

WORKING PAPER | The issue of who is responsible for funding climate mitigation and adaptation is central to climate negotiations.

BRIEF | The average unemployment rate is down. But it is up for older workers. Today’s jobs report from the Department of Labor reports an unemployment rate of 3.7% for workers over 55 in January, up from 3.2% last month, an increase of 0.5 percentage points.

RELAB POLICY NOTE | The unemployment rate is falling for workers in all age groups. For workers over 55, today’s jobs report from the Department of Labor shows an unemployment rate of 3.2% in December, a decrease of 0.5 percentage points from last month.

WORKING PAPER | We first show that, with a Kaleckian structure that is consistent with Pasinetti (1962), the relationship between distribution and growth is more robust than conventional wisdom suggests.

BRIEF | Today’s unemployment report - while good news for the overall economy - reveals that the number of older people in the labor market continues to outpace population growth.

WORKING PAPER | The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions.

WORKING PAPER | This paper argues that both Smith and Marx find money to be necessary for the specialization of individual producers and the regulation of social production by market exchange.

WORKING PAPER | I develop a structuralist model of long run growth and distribution with capitalists and workers.

WORKING PAPER | We present alternate estimates of global, regional and national poverty based on reasoning as to what the Bank’s own method, consistently applied, would entail.