WWorld Markets
WWorld Markets
Policy Studio
v1 Β· workbench

Design, compare, and defend labor-market policy in one place.

Pick your audience and country, dial policy levers, and watch the country-calibrated Markov flows re-solve for u*, LFPR, and monthly churn in real time. Save named scenarios, compare up to three side-by-side, cite the evidence behind each lever, and export a printable brief for cabinet, board, or council.

Audience preset
Full statistical detail, matrices, and evidence citations.
Country
Unemployment rate u*
4.76%
+0.00pp
baseline 4.76%
Labor-force participation
75.26%
+0.00pp
baseline 75.26%
Monthly churn (leave-state)
6.70%
+0.00pp
baseline 6.70%
Country diagnosis

High U→E job-finding, high E→U separations, elevated N→E from a large hidden-worker pool. Beveridge-curve has shifted outward post-2020; prime-age men participation still below 2000s peak; long-term unemployment share cyclical.

Implementation sequencing

Year 1: STC + wage insurance (cyclical). Year 2: childcare and DI reform (structural). Year 3: licensing reciprocity via interstate compacts.

Headline priorities
  • Expand short-time-compensation to raise EE / lower EU
  • Portable benefits + occupational licensing reform to raise UE
  • Childcare and DI reform to reactivate Nβ†’E
Scenario name
Policy notes

Policy levers for United States

0 active
Short-Time Compensation (STC / work-sharing)
Firms cut hours instead of workers β†’ separation rate falls, match capital preserved.
EU
βˆ’DOL / state UI agencies
Universal childcare tax credit + supply subsidy
Lowers reservation wage of second earners; raises prime-age female LFPR.
NE
+Treasury (IRS), HHS ACF
Portable benefits + national licensing reciprocity
Removes cross-state / cross-employer frictions; raises job-finding hazard.
UE
+DOL, state licensing boards
SSDI vocational rehab expansion (Ticket-to-Work v2)
Reduces DI as absorbing state; reactivates non-participants into search.
NU
+SSA
Wage-insurance for displaced workers
Offsets wage loss on reemployment; shortens unemployment spells.
UE
+DOL (TAA expansion)

Evidence & citations

Click any lever on the left to see its mechanism, implementation steps, lead agency, and academic citations. Every dial in this studio is defensible.

All lever citations for United States
  • Short-Time Compensation (STC / work-sharing) β€” Abraham-Houseman (2014); Cahuc-Kramarz-Nevoux (2021).
  • Universal childcare tax credit + supply subsidy β€” Blau-Kahn (2013); Bick (2016); IMF WP 24/122.
  • Portable benefits + national licensing reciprocity β€” Kleiner-Krueger (2013); Johnson-Kleiner (2020).
  • SSDI vocational rehab expansion (Ticket-to-Work v2) β€” Autor-Duggan (2003, 2010); Maestas-Mullen-Strand (2013).
  • Wage-insurance for displaced workers β€” Kletzer-Litan (2001); Hyman-Kovak-Leive-Naidu (2022).

Transition matrix β€” scenario vs baseline

(1)
Baseline P
i \ jEUN
E
0.9632
0.0135
0.0233
U
0.3072
0.5114
0.1813
N
0.0621
0.0317
0.9063
Employed / Unemployed / Not in labor force
Scenario P̃
i \ jEUN
E
0.9632
+0.00pp
0.0135
+0.00pp
0.0233
+0.00pp
U
0.3072
+0.00pp
0.5114
+0.00pp
0.1813
+0.00pp
N
0.0621
+0.00pp
0.0317
+0.00pp
0.9063
+0.00pp
Employed / Unemployed / Not in labor force

Saved scenarios

0 saved Β· 0/3 compared

Save the current scenario to start building a comparison set.

Structural predictions
directional Β· evidence-cited

Three structural shocks reshaping the U.S. Markov chain

Predicted directional effects on the E/U/N monthly transition matrix and the induced steady-state stocks. Signs and magnitudes reflect the published empirical literature rather than free-form speculation. Every claim links back to a citation you can defend in a policy meeting.

(2)

Minimum wage rises (federal floor β†’ $15 / state indexation)

Compresses the low-wage tail; small U↑ at the margin, larger Nβ†’E for second earners.

A binding federal minimum-wage increase or aggressive state indexation lifts the reservation wage in the bottom decile. In a search model, higher w raises U→E hazard for eligible workers but modestly cuts vacancy posting in the most exposed industries (food service, retail, home care, warehouse).

Live shock size
Combined intensity Γ—1.00 (reference = 1.00)
Minimum-wage rise+40% above current floor
reference = +40% above current floor

Modelled as a proportional log-odds bump scaled to 100% of the +$7.25β†’$15 central case.

u*
4.72%
-0.04pp
baseline 4.76%
LFPR
78.45%
+3.19pp
baseline 75.26%
Monthly churn
7.81%
+1.11pp
baseline 6.70%

Predictions recompute continuously as you drag: cell deltas are scaled by intensity, applied as log-odds bumps to the U.S. baseline P, then π = πP̃ is solved to steady-state. Sign and magnitude labels below still come from the published estimates — the slider only rescales their strength.

Time paths
Forward simulation with time-varying P̃(t); intensity scales the shock size, the per-cell profile controls when it peaks and how much reverses.
Horizon
60 mo
Cell deltas vs baseline (percentage points)
u* and LFPR trajectories (%)
Labor-market tightness proxy ΞΈ β‰ˆ pUE / pEU
Cell peaks (month, size)
  • UE: month 60, +8.73pp
  • EU: month 25, +0.40pp
  • NE: month 60, +2.38pp
  • NU: month 60, -0.08pp
Aggregate peaks (largest deviation from baseline)
  • u*: month 60, Ξ” -0.16pp
  • LFPR: month 60, Ξ” +3.25pp
  • ΞΈ: month 5, Ξ” +1.077

Per-cell shape(t) = permanent Β· (1 βˆ’ eβˆ’t/rise) + (1 βˆ’ permanent) Β· eβˆ’((t βˆ’ peak)/halfLife)Β², rise = peak/2. Timing parameters reflect the literature: minimum-wage EU disemployment lags UE reactivation; the immigrant-influx Uβ†’E dip reverses within ~12–18 months (Foged-Peri); the crackdown Eβ†’N wave builds over 3–5 years as the retirement cohort clears without a replacement.

Sensitivity sweep
Steady-state u* and LFPR as each shock varies around its current value.
Window Β±
30% range
Minimum-wage rise
current +40% above current floor
Ξ”u* across window
+0.070pp
slope β‰ˆ 0.0012 pp / %
Ξ”LFPR across window
+4.472pp
slope β‰ˆ 0.0745 pp / %

Each sweep re-solves the steady state π = πP̃ at 25 points across ±30% of the slider range around the current setting, holding other sliders fixed. Faint horizontal lines mark the no-shock baseline; the vertical dashed line marks the current value. Slope is a rough local elasticity for briefing purposes — the response is mildly nonlinear because log-odds bumps are then re-normalised into row-stochastic P.

CellSignMagnitudeMechanism
pUE+moderateHigher take-home wage raises the value of accepting an offer; reservation wage constraint less binding for LTU. Cengiz-Dube-Lindner-Zipperer (2019) find no significant employment loss but faster reemployment in bunching studies.
pNE+moderateSecond earners and prime-age reactivators cross the participation threshold. Especially strong for women 25–54 (Bailey-DiNardo-Stuart 2021).
pEU+smallDisemployment risk concentrates in tipped, sub-minimum, and teen segments (Neumark-Wascher). Aggregate EU flow moves by <5% relative to baseline in most credible estimates.
pUNβˆ’smallDiscouraged-worker exits fall because search pays more; hazard from U into N declines.
pEEβˆ’smallJob-to-job churn in low-wage sectors slows slightly β€” the outside option compresses (Dube-Giuliano-Leonard 2019).
Aggregate outcomes (steady state)
  • u*: u* β‰ˆ +0.05 to +0.15 pp (net small β€” faster job finding largely offsets marginal separations).
  • LFPR: LFPR β‰ˆ +0.20 to +0.40 pp (dominant channel: Nβ†’E reactivation).
  • ΞΈ (tightness): ΞΈ (vacancies/unemployed) ↓ ~2–4% in exposed sectors, unchanged aggregate.
  • Wages: Bottom-decile wages +8–12%; median +1–2% via spillovers up to 120% of new floor.
Distributional incidence

Winners: Low-wage incumbents, second earners, single parents, tipped workers in states banning sub-minimum.

Losers: Sub-minimum teens, small businesses in low-cost-of-living areas, gig/1099 workers below new floor.

Timeline: 6–12 months for Uβ†’E and Nβ†’E to lift; 12–24 months for the disemployment tail to show up in EU.

Evidence
  • Cengiz, Dube, Lindner, Zipperer (2019, QJE) β€” bunching design, no disemployment.
  • Dube, Lester, Reich (2010, ReStat) β€” contiguous-county evidence.
  • Neumark & Wascher (2007) β€” meta of adverse teen effects.
  • Cadena (2014) β€” immigration + minimum wage interaction.
Caveats

Effects concentrate at the bottom of the wage distribution; aggregate Markov flows move less than sector-specific ones. Monopsony intensity in local labor markets is the single largest source of dispersion in estimates.

Interaction β€” the crackdown Γ— fertility trap

Reading the three scenarios together: a minimum-wage rise + immigration crackdown + collapsing TFR compound into a regime where measured unemployment looks excellent () but the labor force itself is shrinking. The Markov chain is not broken β€” it is simply converging to a smaller, older, higher-wage but lower-output steady state. The right diagnostic is not ; it is in absolute terms and the dependency ratio . Policy makers reading only the headline number will systematically under-react to the fiscal and productivity squeeze arriving in the second half of the decade.

Predictions are directional and cite the peer-reviewed literature. Point-estimated magnitudes come from published elasticities and should be re-fit against country-specific gross-flow data before any statutory action. States E, U, N follow the E/U/N convention used elsewhere in this workbench.

Recommendations engine

greedy Β· Ξ» = 0.35

Set target u* and LFPR for United States. The engine searches over lever directions and intensities and returns the smallest set whose combined effect on the stationary distribution best hits the target β€” with a rationale and a sensitivity note per lever.

Target u*3.76%
current scenario u* = 4.76%
Target LFPR76.26%
current scenario LFPR = 75.26%
Weight on u*1.0
Weight on LFPR1.0
Max levers
Model notes & caveats
  • Baseline P is the SOC-weighted whole-economy monthly transition matrix, tilted by a small country offset (Kurzarbeit for DE, lifetime employment for JP, tight labor market for AU, etc.).
  • Each lever applies a multiplicative log-odds bump of λ·intensity to its mapped cell (Ξ» = 0.35 at intensity = 100%), then rows are renormalized.
  • Steady-state u*, LFPR, and churn are the stationary distribution Ο€ = Ο€PΜƒ (500 iterations). This is a comparative-statics tool, not a business-cycle forecast.
  • Every lever cites peer-reviewed empirical work; open the evidence panel to see the source. Reject any scenario whose levers you cannot defend at the citation level.
For deeper diagnostics β€” occupational mix, subgroup flows, added-worker effect, causality tests β€” see Markov lab.