Why President Obama Should Care About 'Care': An Effective and Equitable Investment Strategy for Job Creation
In his State of the Union address President Obama acknowledged that "our most urgent task is job creation" - that a move toward full employment will lay the foundation for long-term economic growth and ensure that the federal government creates the necessary conditions for businesses to expand and hire more workers. According to a new study by Levy scholars Rania Antonopoulos, Kijong Kim, Thomas Masterson, and Ajit Zacharias, the government needs to identify and invest in projects that have the potential for massive, and immediate, public job creation. They conclude that social sector investment, such as early childhood education and home-based care, would generate twice as many jobs as infrastructure spending and nearly 1.5 times the number created by investment in green energy, while catering to the most vulnerable segments of the workforce.
References listed on IDEAS
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- Nord, Mark & Hopwood, Heather, 2008. "A Comparison of Household Food Security in Canada and the United States," Economic Research Report 56488, United States Department of Agriculture, Economic Research Service.
- Ajit Zacharias & Thomas Masterson & Kijong Kim, 2009. "Distributional Impact of the American Recovery and Reinvestment Act-- A Microsimulation Approach," Economics Working Paper Archive wp_568, Levy Economics Institute.
- Nord, Mark & Andrews, Margaret S. & Carlson, Steven, 2008. "Household Food Security in the United States, 2007," Economic Research Report 56483, United States Department of Agriculture, Economic Research Service.
- James J. Heckman & Dimitriy V. Masterov, 2007.
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- Heckman, James J. & Masterov, Dimitriy V., 2007. "The Productivity Argument for Investing in Young Children," IZA Discussion Papers 2725, Institute for the Study of Labor (IZA).
- James J. Heckman & Dimitriy V. Masterov, 2007. "The Productivity Argument for Investing in Young Children," NBER Working Papers 13016, National Bureau of Economic Research, Inc.
- Annamaria Simonazzi, 2009. "Care regimes and national employment models," Cambridge Journal of Economics, Oxford University Press, vol. 33(2), pages 211-232, March.
- Annamaria Simonazzi, 2008. "Care regimes and national employment models," Working Papers 113, University of Rome La Sapienza, Department of Public Economics.
- Robert Pollin & Jeannette Wicks-Lim & Heidi Garrett-Peltier, 2009. "Green Prosperity: How Clean-Energy Policies Can Fight Poverty and Raise Living Standards in the United States," Published Studies green_prosperity, Political Economy Research Institute, University of Massachusetts at Amherst. Full references (including those not matched with items on IDEAS)
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