David Blanchflower

Not Working : Where Have All the Good Jobs Gone?

 

Prof. BlanchFlower’s new book “Not Working : Where Have All the Good Jobs Gone?” published by Princeton University Press is forthcoming in June, 2019.

In this revelatory and outspoken book, David Blanchflower draws on his acclaimed work in the economics of labor and wellbeing to explain why today’s postrecession economy is vastly different from what came before. He calls out our leaders and policymakers for failing to see the Great Recession coming, and for their continued failure to address one of the most unacknowledged social catastrophes of our time. Blanchflower shows how many workers are underemployed or have simply given up trying to find a well-paying job, how wage growth has not returned to prerecession levels despite rosy employment indicators, and how general prosperity has not returned since the crash of 2008.

High home ownership, higher unemployment

According to a new study co-authored by David Blanchflower, the Bruce V. Rauner Professor of Economics, an increase of home ownership is associated with higher rates of unemployment, reports The Wall Street Journal.

“A doubling of the rate of home ownership in a US state is followed in the long run by more than a doubling of the later unemployment rate,” the authors write.

A rise in home ownership, the study finds, leads to three problems:

  • Lower levels of labor mobility
  • Greater commuting times
  • Fewer new businesses

Read the full story, published 5/7/13 by The Wall Street Journal.