Americans work 25 percent more than Europeans, study finds
A Bloomberg article references to research that paints an exhausting picture of work in the U.S. — longer days, less vacation time, and later retirement.
As disincentives to work, higher taxes affect women more
In 2004, Nobel Laureate and W. P. Carey Professor of Economics Ed Prescott started the debate about why Europeans, as a whole, work so much less than Americans. His answer: Europe’s higher taxes dull the incentive to work. Alex Bick, also an economics professor at the W. P.
Wages are imperfect window into health of U.S. labor market
Up until recently the U.S. labor market has been viewed as on the uptick, especially after research conducted by the U.S. Federal Reserve cemented the idea.
Arizona's jobless rate climbs fourth month in a row
Arizona's unemployment rate rose in July for the fourth consecutive month, which dampens news that the state's longer-term job growth remains relatively better than the nation's.
Test your Arizona economic IQ
For 10 years, guests at the annual Economic Outlook Luncheon, sponsored by the Economic Club of Phoenix, are challenged by research economist Lee McPheters to answer a set of questions about the background issues driving the Arizona economy. Here's your chance to do the same.
This is the boom: Economists deliver 2016 outlook
For anyone who fondly remembers Arizona’s boom times, economists have a new message: Even though 2016 might well shape up as the state’s best year in 10 years, it’s time to get used to rates of much slower growth.
Teamwork: In-house economists make analysts more accurate
In periods of economic downturn, analysts’ forecasts are generally more optimistic than conditions warrant. On the other hand, analysts are very accurate reflecting positive signs.
Do college students pick majors based on potential earnings?
W. P. Carey Associate Professor of Finance Matthew Wiswall and Basit Zafar at the Federal Reserve Bank of New York conducted a study showing that college students lack accurate information about future earnings — information that lead some students to change their majors.
Arizona has recovered all its lost jobs, but here's the catch
Arizona has finally recovered the 315,000 jobs lost in the Great Recession, but unfortunately the new jobs do not pay as much as the ones that are gone. The Phoenix Business Journal asked regional economist Lee McPheters why.
Non-profits are 'force to be reckoned with' in Arizona's economy
The Arizona Republic reports on an L. William Seidman Research Institute report concerning the impact of non-profits to the state's economy.