Scholars and policy makers alike are increasingly interested in understanding how social capital shapes people's economic lives. But the idea of social capital is an amorphous one. In this article, economists Judy Hellerstein and David Neumark define social capital as networks of relationships among people who are connected by where they live or…

Since U.S. economic growth began to slow in 2006, both the Bush and Obama Administrations have enacted a number of fairly costly programs designed to stimulate the economy and employment growth. Because many of these programs are fairly new, there has been little comprehensive examination of their impacts, but initial analysis suggests that these…

Exposure to minimum wages at young ages could lead to adverse longer-run effects via decreased labor market experience and tenure, and diminished education and training, while beneficial longer-run effects could arise if minimum wages increase skill acquisition. Evidence suggests that as individuals reach their late 20s, they earn less the longer…