Maia de la Calle, Rutgers Economic Advisory Service (R/ECON™) The impact of the pandemic on poverty and inequality continues to be studied at a global and national scale.[1],[2] Although the U.S. Census data have yet to reflect the full extent of the pandemic on poverty, numbers are expected to rise [3] due to an economic [...]
by Shiya John, Snigdha Mishra and Jim Samuel Open data is expected to influence trillions of dollars in global value creation by 2030, as projected by McKinsey Global Institute: “The boost to the economy from broad adoption of open-data ecosystems could be as high as 1.5 percent of GDP in 2030 in the European Union, [...]
By Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) In a recent article, New York Times reporter Christina Morales writes about the spread of “tipping fatigue,” noting how electronic screens now recommend tips as high as 35 percent of the bill and how these screens are cropping up at new places, like bakeries, movie theaters, [...]
Sarah Small and Debra Lancaster. Women’s work lives have been disrupted in profound ways during COVID-19: in their roles as frontline workers confronting the virus, as caregivers taking on even more unpaid care work at home due to childcare disruptions [...]
By Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) Policymakers’ hearts are in the right place. Presently, the United Kingdom and a few U.S. states are enabling at least a temporary reprieve from fuel taxes in the name of solidarity against Russian aggression.[1] In the face of budget surpluses and soaring energy prices, it would [...]
Naheed Azhar and Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) As the count of listings and asking prices flattened,[i] realtors and creditors predicted a rise in foreclosures and mortgage delinquencies as people were laid off and furloughed and as many small businesses failed.[ii] But things did not roll out as feared for housing markets. [...]
With childcare disruptions, deep unemployment, and job changes, women in New Jersey have faced turbulent economic prospects worse than men’s along several dimensions throughout the pandemic. However, New Jersey women are no stranger to economic inequities [...]
Michael Lahr, R/Econ™ In terms of both crude oil and natural gas production, Russia is second only to the United States worldwide. Moreover, about 8% of U.S. petroleum imports are from Russia.[1] For Europe, that share is closer to 40%.[2] So, clearly the Russia-Ukraine crisis poses a severe risk to petroleum markets. The shutdown of all [...]
By Katharine Nelson. Affordable housing is increasingly scarce within the United States, and COVID-19 has dramatically exacerbated the simmering crisis in affordable housing. In New Jersey, the risk of eviction is greater than across the country [...]
The New Jersey State Policy Lab is publishing our first report, Vacant Commercial Property in New Jersey: Causes and Solutions, written by Michael Hayes and Pengju Zhang. The economic recession caused by the COVID-19 pandemic has resulted in an increase in vacant [...]
