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Ebola Virus Disease: Information for U.S. Healthcare Workers

October 24, 2014 Comments off

Ebola Virus Disease: Information for U.S. Healthcare Workers
Source: U.S. Department of Health and Human Services, Health Resources and Services Administration

National Call on Preparing Nurses to Safely Care for Patient with Ebola recording and transcript, plus information from the CDC, curated by CDC experts.

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In brief: New mortality tables to impact benefit obligation assumptions

October 23, 2014 Comments off

In brief: New mortality tables to impact benefit obligation assumptions
Source: PricewaterhouseCoopers

The Society of Actuaries (SOA) is expected to finalize a new set of mortality tables by the end of October 2014. Because mortality is a key assumption in developing actuarial estimates, this could significantly impact the valuation of pension and other postretirement benefit (OPEB) obligations. Companies should consider this new mortality data at their plans’ next measurement date in relation to their plan participant population, historical plan-specific mortality experience, and future expectations.

Understanding the Organization, Operation, and Victimization Process of Labor Trafficking in the United States

October 23, 2014 Comments off

Understanding the Organization, Operation, and Victimization Process of Labor Trafficking in the United States
Source: Urban Institute

This study chronicles the experiences of labor trafficking victims from the point of recruitment for work, their forced labor victimization, their attempts to escape and get help, and their efforts to seek justice through civil or criminal cases. The report finds that legal loopholes and lax enforcement enable labor traffickers to commit crimes against workers in major US industries: agriculture, domestic work, hotels, restaurants, and construction. Interview and case file data detail the ubiquity of trafficking, which occurs both in plain sight and behind lock and key. Detailed recommendations propose next steps for policy and practice.

See also: Lax Enforcement and Legal Loopholes Enable Labor Trafficking Victimization; Broadest look ever at victim experiences in five major US industries

How Much (More) Should CEOs Make? A Universal Desire for More Equal Pay

October 22, 2014 Comments off

How Much (More) Should CEOs Make? A Universal Desire for More Equal Pay (PDF)
Source: Perspectives on Psychological Science (forthcoming)

Do people from different countries and different backgrounds have similar preferences for how much more the rich should earn than the poor? Using survey data from 40 countries (N = 55,238), we compare respondents’ estimates of the wages of people in different occupations – chief executive officers, cabinet ministers, and unskilled workers – to their ideals for what those wages should be. We show that ideal pay gaps between skilled and unskilled workers are significantly smaller than estimated pay gaps, and that there is consensus across countries, socioeconomic status, and political beliefs for ideal pay ratios. Moreover, data from 16 countries reveals that people dramatically underestimate actual pay inequality. In the United States – where underestimation was particularly pronounced – the actual pay ratio of CEOs to unskilled workers (354:1) far exceeded the estimated ratio (30:1) which in turn far exceeded the ideal ratio (7:1). In sum, respondents underestimate actual pay gaps, and their ideal pay gaps are even further from reality than those underestimates.

New From the GAO

October 22, 2014 Comments off

New GAO Report
Source: Government Accountability Office

Reissue

1. Individual Retirement Accounts: Preliminary Information on IRA Balances Accumulated as of 2011, by James R. McTigue, director, strategic issues, and Charles A. Jeszeck, director, education, workforce, and income security issues, to the Senate Committee on Finance. GAO-14-878T, September 16.
http://www.gao.gov/products/GAO-14-878T
Highlights – http://www.gao.gov/assets/670/665805.pdf

This statement was amended on October 22, 2014, to revise the estimated individual retirement account and defined contribution plan accumulations for our illustrative contribution scenarios with balances invested in an S&P 500 portfolio. The original estimates used a price index that did not include reinvested dividends. Table 2 and the text on page 8 have been updated to reflect total returns on the investments.

Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis

October 22, 2014 Comments off

Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis (PDF)
Source: Stanford University and NBER

The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall — 3.0 percentage points of real GDP — was the result of lingering slackness in the labor market in the form of abnormal unemployment and substandard weekly hours of work. The single biggest contributor was a shortfall in business capital, which accounted for 3.9 percentage points. The second largest was a shortfall of 3.5 percentage points in total factor productivity. The fourth was a shortfall of 2.4 percentage points in labor-force participation. I discuss these four sources of the injury in detail, focusing on identifying state variables that may or may not return to earlier growth paths. The conclusion is optimistic about the capital stock and slackness in the labor market and pessimistic about reversing the declines in total factor productivity and the part of the participation shortfall not associated with the weak labor market.

New From the GAO

October 21, 2014 Comments off

New GAO Reports
Source: Government Accountability Office

1. Combating Terrorism: Strategy to Counter Iran in the Western Hemisphere Has Gaps That State Department Should Address. GAO-14-834, September 29.
http://www.gao.gov/products/GAO-14-834
Highlights – http://www.gao.gov/assets/670/666199.pdf

2. Federal Paid Administrative Leave: Additional Guidance Needed to Improve OPM Data. GAO-15-79, October 17.
http://www.gao.gov/products/GAO-15-79
Highlights – http://www.gao.gov/assets/670/666565.pdf

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