{"id":308358,"date":"2010-02-11T10:09:05","date_gmt":"2010-02-11T15:09:05","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/11\/secondary-sources-snow-work-long-term-unemployment-nordic-model\/"},"modified":"2010-02-11T10:09:05","modified_gmt":"2010-02-11T15:09:05","slug":"secondary-sources-snow-work-long-term-unemployment-nordic-model","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/308358","title":{"rendered":"Secondary Sources: Snow Work, Long-Term Unemployment, Nordic Model"},"content":{"rendered":"<p><em>A roundup of economic news from around the Web.<\/em><\/p>\n<ul>\n<li><a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2010\/02\/winter_weather\"><strong>Snow Work:<\/strong><\/a> On the Economist&#8217;s Free Exchange blog, <strong>Ryan Avent<\/strong> looks at some of the potential economic benefits from the snow storm. &#8220;Much of the &#8216;lost&#8217; business will simply be done after the snow melts (and a lot of business was ramped up before the closings in expectation of the impending storms). Many, many of the people who have been unable to get to work have nonetheless been able to do their jobs from home. As Mr Pearlstein points out, many hourly workers can&#8217;t make up the earning opportunities they lost. On the other hand, the snow has created earning opportunities were there weren&#8217;t any before; in Washington the snow economy is in full force, as able-bodied citizens offer to shovel walks and clear driveways for a modest sum. Individuals with plows are pouring in from the relatively snow-deprived north to make a few bucks moving snow. Meanwhile, other typical, variable urban costs are significantly reduced during the down period. Crime figures across the Washington metro area have tumbled. Building owners across downtown Washington are saving a bundle on energy costs this week.&#8221;<\/li>\n<li><a href=\"http:\/\/worthwhile.typepad.com\/worthwhile_canadian_initi\/2010\/02\/longterm-unemployment-in-canada-and-the-us.html\"><strong>Long-Term Unemployment:<\/strong><\/a> Via <a href=\"http:\/\/economistsview.typepad.com\/economistsview\/2010\/02\/longterm-unemployment-in-canada-and-the-us.html\">Mark Thoma<\/a>, <strong>Stephen Gordon<\/strong> of the Worthwhile Canadian Initiative blog looks at similarities in long-term unemployment in the U.S. and Canada in the 1990s. &#8220;The more I look at the US, the more I see unpleasant parallels to Canada&#8217;s experience of the 1990&#8217;s &#8211; what Pierre Fortin called The Great Canadian Slump. Even after we emerged from the worst of the 1990-91 recession, we still had to deal with a large current account deficit, out-of-control government deficits and significant NAFTA-induced sectoral shifts. The outlook for the US is depressingly similar, although their sectoral shifts are associated with re-allocating resources away from construction and finance.&#8221;<\/li>\n<li><a href=\"http:\/\/www.voxeu.org\/index.php?q=node\/4585\"><strong>Nordic Model:<\/strong><\/a> On voxeu, <strong>Thorvaldur Gylfason<\/strong>, <strong>Bengt Holmstrom<\/strong>, <strong>Sixten Korkman<\/strong>, <strong>Hans Tson S\u00f6derstr\u00f6m<\/strong> and <strong>Vesa Vihri\u00e4l\u00e4<\/strong> look at how the Nordic countries have held up during the financial crisis. &#8221; Is the Nordic model an asset or a liability? The global crisis has seen GDP in the region decline by between 4.5% and 7%. This column argues that the Nordic model, with its welfare state and high rate of investment in human capital, can, properly implemented, be part of the solution.&#8221;<\/li>\n<\/ul>\n<p><strong>Compiled by <a href=\"mailto:philip.izzo@wsj.com\">Phil Izzo<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~at\/JOqqlL6Xyw-3QywS8wpDuq4lDGw\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~at\/JOqqlL6Xyw-3QywS8wpDuq4lDGw\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~at\/JOqqlL6Xyw-3QywS8wpDuq4lDGw\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~at\/JOqqlL6Xyw-3QywS8wpDuq4lDGw\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=9b0d4WmrUSk:wZh-uMBO3Yo:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=9b0d4WmrUSk:wZh-uMBO3Yo:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?i=9b0d4WmrUSk:wZh-uMBO3Yo:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=9b0d4WmrUSk:wZh-uMBO3Yo:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?i=9b0d4WmrUSk:wZh-uMBO3Yo:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=9b0d4WmrUSk:wZh-uMBO3Yo:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/wsj\/economics\/feed\/~4\/9b0d4WmrUSk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A roundup of economic news from around the Web. Snow Work: On the Economist&#8217;s Free Exchange blog, Ryan Avent looks at some of the potential economic benefits from the snow storm. &#8220;Much of the &#8216;lost&#8217; business will simply be done after the snow melts (and a lot of business was ramped up before the closings [&hellip;]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-308358","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/308358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=308358"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/308358\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=308358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=308358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=308358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}