Cecilia Rouse, Tapped to be Biden’s Top Economist, Brings Labor-Market Focus

WASHINGTON –

Cecilia Rouse

Her interest in economics goes back to the early 1980s, when she was in first grade and the country was going through the worst period of unemployment since the Great Depression.

I was drawn to it because I wanted to know why it happened, Rouse said Thursday in testimony before the Senate banking committee considering her nomination for chairman.

Biden

Chief economist. Why have the jobs been abandoned and what can be done to restore them?

Mrs. Rouse was the first black to head the Council of Economic Advisors, which was established in 1946. His research on labor markets, education and discrimination aligns with President Biden’s priorities of rebuilding a labor market that lost nearly 10 million jobs during the pandemic and addressing racial and income inequities.

It’s an excellent nomination, he said.

Greg Mankiw,

who chaired the ESC under the presidency

George W. Bush

and taught at Harvard while Dr. Rouse earned her doctorate in economics. I don’t expect to agree with everything, but given what President Biden was looking for, he went with Ceci.

Rouse, 57, was one of three members of the ARC during the first two years of the Obama administration and the first two years of his tenure.

Bill Clinton’s house

National Economic Council in 1998 and 1999. She is dean of the School of Public and International Affairs at Princeton University.

The main task of the ESC President is to provide objective economic analysis to the President. The team of economics graduates briefs the president on economic data, writes the president’s annual economic report, and participates in policy debates with other agencies, often trying to block ideas they believe are not in good taste.

Appointed to work with Ms. Rouse to work on the CEA.

Jared Bernstein,

Mr. Biden’s chief economist when he was vice president, under

Barack Obama,

и

Heather Boushey,

Co-founder of the Washington Center for Equitable Growth, a left-wing think tank. All three focused on labor economics.

Ms. Rouse served on the Council of Economic Advisers with President Barack Obama and ESC Chief Christine Romer in 2010.

Photo:

Pete Souza / White House

During her studies, Ms. Rouse studied the effect of education on employment prospects by writing her thesis on the economic benefits of attending a community college. The most important question is this: Do these colleges create opportunities for students who would otherwise be excluded from higher education, or do they actually draw them away from better institutions?

It was pioneering because community colleges accounted for a large portion of college enrollments, but we weren’t asked for anything, we said.

Lawrence Katz,

the economics professor that Ms. Wake Up on her dissertation. Ms. Rouse’s conclusion that community schools provide significant economic returns when they are adequately funded has had important implications for public policy.

It is highly evidence-based and focused on effectiveness and will rely on the most credible research data on the types of interventions most likely to be effective, Katz said.

President Joe Biden signed an executive order Monday that tightens government procurement rules to buy more American products and boost domestic production. Photo: Jim Watson/AFP

Dr. Rouse’s research continues to focus on the interface between education and business, often exploring diversity and discrimination. One of her most famous projects showed that symphony orchestras that hold blind auditions, where the identity of the candidates is hidden, generally recruit more women.

In an article in last August’s Star-Ledger (Newark, N.J.), Rouse and Boushey called for an automatic increase in unemployment benefits in times of economic hardship so that laid-off workers would not have to rely on congressional support.

During her tenure in the Obama administration, Rouse highlighted the potential long-term consequences of high unemployment following the 2007-2009 recession by saying: It’s not just a matter of the unemployment rate.

Andrew Metrick,

Economist at Yale University, who worked with her at CEA.

Until then, the U.S. economy and labor market recovered quickly from recessions because of what economists call pent-up demand. But the slow recovery in early 2010 showed that recessions can leave lasting traces, especially for workers who are long-term unemployed.

Ms. Rouse was one of the first to recognize that you can’t just turn this faucet on and off, because some of the people you’re going to count on to get back to work are pretty discouraged workers, Metrick said. If you understand that, you change the way you think about politics, that it’s not just about what you have to spend to get back. We need to set up programs to help people through this transition.

In financial statements filed with the Government Ethics Office, Ms. Rouse reported an income of $523,021. The $850,000 in 2020 comes from Princeton’s work and the $340,000 comes from Princeton’s work.

T. Serial price

Foundations and trusts.

It also recorded assets ranging from $2.17 million to $5.85 million invested in mutual funds and in the stocks of approximately 30 separate companies. In the ethics agreement, she pledged to sell individual shares and resign from T. Rowe Price and others within 90 days of the confirmation.

Email Paul Kiernan at [email protected]

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