Category Archives: Economic development

Who creates jobs?

A few months ago I read the following quote in a local newspaper from a business leader, which expresses a commonly-held sentiment: “Government doesn’t create jobs…People opening that new pizza shop [or] that new dry cleaners – those are the … Continue reading

Posted in Early childhood programs, Economic development | 3 Comments

The strengths and limitations of multiplier spending effects of early childhood programs

I have been asked by several people lately for my reactions to recent reports about the short-run multiplier and input-output effects on state economies of early childhood programs.  Over the years, these reports have been produced by America’s Edge, by … Continue reading

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Book review of Investing in Kids in Monthly Labor Review

The latest issue of Monthly Labor Review has a very nice review by economist Brian Keaton of my book, Investing in Kids. MLR is a well-respected journal published by the U.S. Bureau of Labor Statistics in the U.S. Department of … Continue reading

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Why the goal of local economic development should be higher earnings per capita, not job growth, and why it matters

Developing good local economic development policies depends in part on having the right goals. Many economic developers and policymakers see economic development as being about increasing local job growth. But increasing local job growth is not a sound goal for … Continue reading

Posted in Business incentives, Distribution of benefits, Early childhood programs, Economic development, Incentive design issues, National vs. state vs. local | Comments Off on Why the goal of local economic development should be higher earnings per capita, not job growth, and why it matters

Top 5 reasons why investing in early childhood education can drive better local job creation

In understanding the connection between early childhood education and local economic development, I think that people intuitively get how early childhood programs can lead to a “better path” of skills acquisition. People intuitively understand from their own experiences, and those … Continue reading

Posted in Early childhood programs, Economic development | 3 Comments

Obama’s jobs plan

President Obama proposed a $450 billion jobs plan in his address to Congress on September 8. Several reporters have asked me for my opinion on this plan. I think this plan is best described as an ambitious, “kitchen sink” approach … Continue reading

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Job creation policies: Minnesota’s MEED program vs. Georgia Works

There is a huge need for job creation in the U.S. Given the length and severity of the recession, we are short around 12 million jobs compared to what would be needed to be at pre-recession labor market conditions. I’ve … Continue reading

Posted in Business incentives, Economic development, Incentive design issues, National vs. state vs. local | 3 Comments

Cost-effective short-term job creation policies

The U.S. economy is clearly in need of short-term job creation policies. The economy is short at least 12 million jobs, compared to what would be required to match pre-recession employment-to-population ratios. Unless something dramatic changes, these slack labor market … Continue reading

Posted in Business incentives, Early childhood programs, Economic development, Timing of benefits | 1 Comment

Presentation to American Chamber of Commerce Executives

My August  4th speech to the American Chamber of Commerce Executives’ convention, and the accompanying powerpoint, have now been posted at the Upjohn Institute’s website. This speech integrates much of the material from this blog, and my book “Investing in … Continue reading

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Even slight increases in kindergarten readiness yield benefits that exceed costs for pre-K

One implication of my recent paper on Tulsa’s pre-K program is that even modest increases in kindergarten readiness would be predicted to have large future earnings benefits for former participants in pre-K programs.  (This paper, co-authored with Bill Gormley and … Continue reading

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