OECD Economic Survey of the United States: Key Research Findings

Acknowledgements
Editorial
	OECD Economic Survey of the United States:
1.  Addressing labour-market disruptions from trade and automation
	Introduction
	Labour market impacts of technological change and globalisation
		Technological change and globalisation
			Possible shocks in the future
	Helping workers into employment
		Differential impacts across the country
			Improving job accessibility
		Inter-State migration in response to shocks
			Housing market frictions
			Licensing barriers to employment and migration
		Skills and labour market opportunities
	Health, drug addiction and re-employment prospects
		Costs of the crisis
		The opioid epidemic and drug use
		Policy responses
	References
2.  The decline of US labour force participation: some insights from regional divergence
	Introduction - What’s wrong with US labour force participation?
	The US labour market has undergone major structural changes over the past decades
		Regional gaps have widened
		An overall decline in the fluidity of the US labour market
	Mounting obstacles to mobility out of inactivity or unemployment
		Disincentives to work
			Social benefits
			Lack of affordable child care/elder care may harm participation
		Factors affecting the ability to work
			Health related issues
			Criminal records
			Licensing requirements
		Obstacles to participation tend to cumulate and amplify each other
		Growing obstacles to geographic mobility
			Three series of potential explanations to mobility decline
			Factors limiting exit from declining areas:
			Factors limiting entry in booming area:
			Factors limiting mobility
		Overview of geographical differences in potential obstacles to participation
	Regression analysis of state participation differences
		How much of states differences in participation can structural features explain once the cycle and demographics are taken into?
		Could structural features affect the persistence of participation decisions?
		Could structural features affect the discouraged-worker effect?
	Conclusions: Implications for how to prepare for the forthcoming storms
	References
		Annex A. San Diego county approach to the NEETS issue
		Annex B. Sources of state-level data
3.  The Impact of the Nurse Licensing Compact on Inter-State Job Mobility in the United States
	Introduction
	Related Literature on Occupational Licensing and Job Mobility
	Data description
	The Nurse Licensure Compact
	Identification Strategy and Methodology
	Results
	Conclusion
	References
		Annex A. Job Outflows
4.  Assessing Household Financial Vulnerability: Empirical evidence from the U.S. using machine learning
	Introduction
	Existing Literature
	Empirical Strategy
		Assessing Financial Vulnerability using Machine Leaning
			Selection of Variables
			Determining the Optimal Number of Clusters
			K-means Clustering
			Characterizing the Clusters
		1.3.1.
		Econometric Model: Estimating key drivers of financial vulnerability
	Results and Discussion
	Conclusion
	References
		Annex A. Correlation Matrix
		Annex B. Descriptive Statistics
		Annex C. Classification of Clusters and Distribution of Debt Burden, Leverage Ratio and Household Income
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