Jared Bernstein: More on the Important New Blanchflower/Posen Paper: “B&P’s finding that including labor force inactivity in their wage analysis… …helps explain some of the variation (in a particularly important way I’ll show below) has a very important implication. If the depressed labor force is a statistically identifiable contributor to slack, then some of the current … Continue reading Lunchtime Must-Read: Jared Bernstein: More on the Important New Blanchflower/Posen Paper