Comments for Casey Mulligan Says There Are Jobs for Those Who Really Want Them at http://www.cepr.net , comment 1 to 6 out of 6 comments http://www.cepr.net Wed, 19 Jun 2013 00:48:33 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/casey-mulligan-says-there-are-jobs-for-those-who-really-want-them#comment-10083 The spike in unemployment rates over historical average and previous recession peaks among 55 to 64 year olds, and over 65 (not 85) year olds is far higher than for younger workers. - anonymous Wed, 20 Jul 2011 12:36:10 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/casey-mulligan-says-there-are-jobs-for-those-who-really-want-them#comment-10082 The Bureau of Labor Statistics has data on unemployment rates and employment to population ratio since 1948. The spike in unemployment rates over historical average and previous recession peaks among 55 to 64 year olds, and over 85 year olds is far higher than for younger workers. The employment population ratio has been rising among the elderly since the early 1980s, and after the recent recession this rise has very sharply decelerated. This three decades long increase in the ratio among elderly can be said to have leveled off. The drop in the ratio continues for younger workers, though the rate of decrease has slowed slightly since the recovery began. I think this picture is consistent with a demand side explanation, not a supply side explanation for what is happening on the current labor market. There is no sign at all of a supply side substitution effect driving the age specific patterns. Unless one wants to over interpret very recent trends. - anonymous Wed, 20 Jul 2011 12:33:46 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/casey-mulligan-says-there-are-jobs-for-those-who-really-want-them#comment-10080 And it wasn't posted. I guess it contained too many "spiteful" remarks about how Casey needs to "think about the argument he is making before posting it." It's hard to believe that he thought that this analysis was worthy of publication. I can't understand how Casey (and others like him) has a job teaching economics earning a six figure salary -- he should be laughed out of the field. - Brett Wed, 20 Jul 2011 11:25:50 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/casey-mulligan-says-there-are-jobs-for-those-who-really-want-them#comment-10079 As David Ricardo postulated two centuries ago, involuntary unemployment is impossible. Those who are so unemployed are actually just slackers who refuse to work for whatever wage is available. Ricardo is a hero to all anti-Keynesians like Casey. - Paul Wed, 20 Jul 2011 10:54:35 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/casey-mulligan-says-there-are-jobs-for-those-who-really-want-them#comment-10078 Older workers are probably more likely to be eligible for pensions or OASDI benefits. If they can't find or keep their jobs, they're more likely to drop out of the labor force completely. Thay might be part of the story, too. - Some Guy Wed, 20 Jul 2011 10:40:59 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/casey-mulligan-says-there-are-jobs-for-those-who-really-want-them#comment-10077 Certain industries have been hit harder than others (remember the housing bubble?). How has this affected employment by age? - skeptonomist Wed, 20 Jul 2011 10:21:50 +0100