Featured Article

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May 2017

Tradable and nontradable inflation indexes: replicating New Zealand’s tradable indexes with BLS CPI data

Noah N. Johnson

Tradable market basket items are found to have lower inflation than nontradable ones over the 6-year period examined.

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Book Reviews

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Navigating the shadow economy: only the shadow knows

Ashlie M. Koehn

This overarching addition to the literature on the shadow economy offers well-founded estimates of the size of the illegal workforce in major global cities in 151 countries and discusses the effects of the underground economy, policies for dealing with it, and the motivations for participating in it.

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Beyond BLS

Words pack a punch in online job recruiting

Charlotte M. Irby

Researchers look at how effectively the words used in job listings recruit the desired applicants.

Is there age discrimination in hiring?

Edith S. Baker

A new study offers extensive statistical evidence that there is age discrimination in hiring and that women experience more age discrimination than men.

“Superstar” companies to blame for workers’ falling share of income

Eleni Karageorge

Researchers find that industries whose sales are concentrated among a few large and profitable firms tends to have the steepest declines in labor’s share of gross domestic product.

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