Paul Krugman

Is the “Skills Gap” a Myth?

Is the “Skills Gap” a Myth?

In the discussions about the sluggish economic recovery, one explanation offered quite often is that there is a mismatch between the skills required in the new economy and those available from current workers. According to this line of thinking, this so-called skills gap is dampening the US economic recovery.  In yesterday’s New York Times, Paul […]

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Policy Wonk’s Corner:  Was Arthur Okun Wrong?

Policy Wonk’s Corner: Was Arthur Okun Wrong?

At some point everyone who got an advanced degree in the policy sciences in the last 30 years had to read Arthur Okun’s Equality & Efficiency:  the Big Trade Off.  It was a little book with a big influence.  The central image in the book was the “leaky bucket” (proving, I guess, that he was […]

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