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Re: [Pen-l] worse or better than 1982?
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] worse or better than 1982?
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Wed, 21 Jan 2009 15:36:25 -0800
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Eugene Coyle wrote:
> In the various adjustments to the unemployment rate, is the BLS or Leonhardt
> or anyone else adding the couple of million in jail and prison to the
> presently unemployed? The number incarcerated has soared since 1982.
no they aren't. Good point. If I remember correctly, Katz and Krueger
(1999) argue that rising incarceration has lowered the amount of
structural unemployment. (The High-Pressure U.S. Labor Market of the
1990s. Brookings Papers on Economic Activity. 1: 1-65.)
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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