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Why President Obama Should Care About 'Care': An Effective and Equitable Investment Strategy for Job Creation

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  • Rania Antonopoulos
  • Kijong Kim
  • Thomas Masterson
  • Andajit Zacharias

Abstract

In his State of the Union address President Obama acknowledged that "our most urgent task is job creation" - that a move toward full employment will lay the foundation for long-term economic growth and ensure that the federal government creates the necessary conditions for businesses to expand and hire more workers. According to a new study by Levy scholars Rania Antonopoulos, Kijong Kim, Thomas Masterson, and Ajit Zacharias, the government needs to identify and invest in projects that have the potential for massive, and immediate, public job creation. They conclude that social sector investment, such as early childhood education and home-based care, would generate twice as many jobs as infrastructure spending and nearly 1.5 times the number created by investment in green energy, while catering to the most vulnerable segments of the workforce.

Suggested Citation

  • Rania Antonopoulos & Kijong Kim & Thomas Masterson & Andajit Zacharias, 2010. "Why President Obama Should Care About 'Care': An Effective and Equitable Investment Strategy for Job Creation," Economics Public Policy Brief Archive ppb_108, Levy Economics Institute.
    • Handle: RePEc:lev:levppb:ppb_108
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    References listed on IDEAS

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    1. Nord, Mark & Hopwood, Heather, 2008. "A Comparison of Household Food Security in Canada and the United States," Economic Research Report 56488, United States Department of Agriculture, Economic Research Service.
    2. Ajit Zacharias & Thomas Masterson & Kijong Kim, 2009. "Distributional Impact of the American Recovery and Reinvestment Act-- A Microsimulation Approach," Economics Working Paper Archive wp_568, Levy Economics Institute.
    3. Nord, Mark & Andrews, Margaret S. & Carlson, Steven, 2008. "Household Food Security in the United States, 2007," Economic Research Report 56483, United States Department of Agriculture, Economic Research Service.
    4. James J. Heckman & Dimitriy V. Masterov, 2007. "The Productivity Argument for Investing in Young Children," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(3), pages 446-493.
    5. Annamaria Simonazzi, 2009. "Care regimes and national employment models," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(2), pages 211-232, March.
    6. Robert Pollin & Jeannette Wicks-Lim & Heidi Garrett-Peltier, 2009. "Green Prosperity: How Clean-Energy Policies Can Fight Poverty and Raise Living Standards in the United States," Published Studies green_prosperity, Political Economy Research Institute, University of Massachusetts at Amherst.
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    Cited by:

    1. Ilkkaracan, Ipek & Kim, Kijong & Masterson, Tom & Memiş, Emel & Zacharias, Ajit, 2021. "The impact of investing in social care on employment generation, time-, income-poverty by gender: A macro-micro policy simulation for Turkey," World Development, Elsevier, vol. 144(C).
    2. Greg Hannsgen & Dimitri B. Papadimitriou, 2010. "The Central Bank 'Printing Press': Boon or Bane? Remedies for High Unemployment and Fears of Fiscal Crisis," Economics Working Paper Archive wp_640, Levy Economics Institute.
    3. Yelda Yücel, 2015. "Response to the crisis and gender segregation in Turkey’s labour market," The Economic and Labour Relations Review, , vol. 26(2), pages 276-295, June.

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