Uneven Outcomes in the Labor Market

Understanding Trends and Identifying Solutions
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Uneven Outcomes in the Labor Market: Understanding Trends and Identifying Solutions: Who’s Minding the Store? Firm-Level Characteristics and Worker Outcomes, February 7, 2024 (video, 1:22:41). Open transcript in new window.

The relationship between employer characteristics and job quality is not well understood. This seminar, presented by the Federal Reserve Board of Governors and the Federal Reserve Banks of Atlanta, Boston, Cleveland, Philadelphia, San Francisco, and St. Louis on February 7, 2024 gathered experts to discuss how employer structure and financing may affect worker compensation and other job characteristics.


Michelle Bowman
Michelle Bowman

Governor
Federal Reserve Board of Governors
Principal

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Sara Chaganti
Sara Chaganti

Deputy Director, Community Development Research Regional & Community Outreach
Federal Reserve Bank of Boston

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Andrew Joung
Andrew Joung

PhD Candidate
University of Michigan

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Wenting Ma
Wenting Ma

Assistant Professor of Finance
University of Massachusetts, Amherst

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Paige Ouimet
Paige Ouimet

Professor of Finance & Associate Dean of the PhD Program and Executive Director of the Kenan Institute of Private Enterprise
University of North Carolina

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Adria Scharf
Adria Scharf

Associate Director, Institute for Study of Employee Ownership and Profit Sharing
Rutgers School of Management and Labor Relations 
Discussant

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Douglas A. Webber
Douglas A. Webber

Senior Economist
Federal Reserve Board of Governors

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Nathan Wilmers
Nathan Wilmers

Associate Professor
MIT Sloan School of Management
Discussion framer

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Agenda


Welcome

Sara Chaganti
Deputy Director, Community Development Research Regional & Community Outreach
Federal Reserve Bank of Boston

Opening Remarks

Michelle Bowman
Governor
Federal Reserve Board of Governors
(pre-recorded)

Day’s Framing

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Nathan Wilmers
Associate Professor
MIT Sloan School of Management

Firms with Benefits? Nonwage Compensation and Implications for Firms and Labor Markets

Read the paper (pdf, 710 KB)

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Presenter:  Paige Ouimet
Professor of Finance & Associate Dean of the PhD Program and Executive Director of the Kenan Institute of Private Enterprise
University of North Carolina

Access to Financing and Racial Pay Gap Inside Firms

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Presenter: Wenting Ma
Assistant Professor of Finance
University of Massachusetts Amherst

Opening the Black Box of Self-Employment: Identifying Alternative Work Arrangements in the United States

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Presenter: Andrew Joung
PhD Candidate
 Institute for Social Research, University of Michigan

Discussant and Q&A

Adria Scharf
Associate Director, Institute for Study of Employee Ownership and Profit Sharing
Rutgers School of Management and Labor Relations 

Geographic Inequality and Labor Market Indicators

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Douglas A. Webber
Senior Economist
Federal Reserve Board of Governors

Closing remarks

About the Series

In 2024, community development staff from the Federal Reserve Board of Governors and the Federal Reserve Banks of Atlanta, Boston, Cleveland, Philadelphia, San Francisco, and St. Louis hosted, Uneven Outcomes in the Labor Market: Understanding Trends and Identifying Solutions. The conference convened a diverse network of researchers, policymakers, and practitioners to examine inequities in labor market outcomes and explore the implications of disparities on aggregate economic performance, individual workers, and communities. They also discuss new directions for policy and research.

Understanding employment conditions requires evidence from a wide spectrum of sources. To this end, the Federal Reserve is interested in highlighting research that examines disparities in employment, labor force participation, income, and wealth across demographic groups. Analyzing disparate outcomes can inform policy that identify those who are excluded from the mainstream economy and suggests pathways for inclusion.