Sign up to save your podcasts
Or
Share Interview with Nick Eberstadt
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Interview with Nick Eberstadt
Filippo Gaddo, Managing Director at MAP and SPE
member, held a discussion with Nicholas Eberstadt who holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute (AEI), and is the author of many books including “Men Without Work: America’s Invisible Crisis” (Templeton Press, 2016).
In the interview, Nick and Filippo discuss the fundamentals of growth as they relate to the labour market: demographics and fertility – the total number of people; labour participation rates – how many people work; retirement age – how long people work; and innovation – how people interact together to generate ideas, under the assumption that the more people
there are the more innovation is created.
Nick outlines his research on the decline in the labour participation rate among prime-age men [between 25 and 54 years] in America and the rise of ‘labour dropouts’, the impact this has on the economy and on social issues. Some of the possible reasons explored in the talk for the decline in participation are the increase in disability claims and the high number in the US of ex-felons and their difficulty in finding stable employment.
Nick and Filippo also consider a more recent similar trend (essentially post-pandemic) emerging in prime-age women and over 55s (which have not fully come back to the workforce at the level before Covid19) - both of which will need further study. However, it is not all doom and gloom: in the conversation Nick points to areas for further research that could help explaining the dynamics behind such trends and also some possible policy solutions.
Nicholas Eberstadt holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute (AEI), where he researches and writes extensively on demographics and economic development generally, and more specifically on international security in the Korean peninsula and Asia.
Domestically, he focuses on poverty and social well-being. Dr. Eberstadt is also a senior adviser to the National Bureau of Asian Research (NBR).
His many books and monographs include “Poverty in China” (IDI, 1979); “The Tyranny of Numbers” (AEI Press, 1995); “The End of North Korea” (AEI Press, 1999); “The Poverty of the Poverty Rate” (AEI Press, 2008); and “Russia’s Peacetime Demographic Crisis” (NBR, 2010). His latest book is “Men Without Work: America’s Invisible Crisis” (Templeton Press, 2016).
Nicholas has a PhD in political economy and government, an MPA from the Kennedy School of Government, and an AB from Harvard University. In addition, he holds a master of science from the London School of Economics, and in 2012, he was awarded the prestigious Bradley Prize.
View all episodes
By Society of Professional EconomistsFilippo Gaddo, Managing Director at MAP and SPE
member, held a discussion with Nicholas Eberstadt who holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute (AEI), and is the author of many books including “Men Without Work: America’s Invisible Crisis” (Templeton Press, 2016).
In the interview, Nick and Filippo discuss the fundamentals of growth as they relate to the labour market: demographics and fertility – the total number of people; labour participation rates – how many people work; retirement age – how long people work; and innovation – how people interact together to generate ideas, under the assumption that the more people
there are the more innovation is created.
Nick outlines his research on the decline in the labour participation rate among prime-age men [between 25 and 54 years] in America and the rise of ‘labour dropouts’, the impact this has on the economy and on social issues. Some of the possible reasons explored in the talk for the decline in participation are the increase in disability claims and the high number in the US of ex-felons and their difficulty in finding stable employment.
Nick and Filippo also consider a more recent similar trend (essentially post-pandemic) emerging in prime-age women and over 55s (which have not fully come back to the workforce at the level before Covid19) - both of which will need further study. However, it is not all doom and gloom: in the conversation Nick points to areas for further research that could help explaining the dynamics behind such trends and also some possible policy solutions.
Nicholas Eberstadt holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute (AEI), where he researches and writes extensively on demographics and economic development generally, and more specifically on international security in the Korean peninsula and Asia.
Domestically, he focuses on poverty and social well-being. Dr. Eberstadt is also a senior adviser to the National Bureau of Asian Research (NBR).
His many books and monographs include “Poverty in China” (IDI, 1979); “The Tyranny of Numbers” (AEI Press, 1995); “The End of North Korea” (AEI Press, 1999); “The Poverty of the Poverty Rate” (AEI Press, 2008); and “Russia’s Peacetime Demographic Crisis” (NBR, 2010). His latest book is “Men Without Work: America’s Invisible Crisis” (Templeton Press, 2016).
Nicholas has a PhD in political economy and government, an MPA from the Kennedy School of Government, and an AB from Harvard University. In addition, he holds a master of science from the London School of Economics, and in 2012, he was awarded the prestigious Bradley Prize.