Found 518 article(s) in category 'Inequality'

The Ambition-Marriage Trade-Off Too Many Single Women Face

The Ambition-Marriage Trade-Off Too Many Single Women Face. Amanda Pallais, May 8, 2017, Paper, “Even today, research shows that men still prefer female partners who are less professionally ambitious than they are. Because of this, many single women face a trade-off: Actions that lead to professional success might be viewed less favorably in the heterosexual marriage market. This trade-off can be pervasive and is not limited to big decisions like volunteering for a leadership role or asking for a promotion. Daily activities such as speaking up in meetings, taking charge of a project, working late, or even certain outfits, haircuts, and makeup can be desirable in one market and not in the other.” Link

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Currency Politics in the Developing World

Currency Politics in the Developing World. Jeffry Frieden, Spring 2017, Paper, “The exchange rate is often said to be the most important price in any economy, for it affects all other prices. Americans are not used to thinking in these terms, in part because the US economy is relatively closed, and in part because the dollar is the world’s principal reserve currency. Nonetheless, a country’s exchange rate has a powerful impact on its economic activity, and this is especially true for developing countries. Because currency policy structures a country’s economic relations with the rest of the world, it can be crucial in determining a poor country’s developmental prospects.Link

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Subsidizing Health Insurance for Low-Income Adults: Evidence from Massachusetts and Implications for Future Health Reforms

Subsidizing Health Insurance for Low-Income Adults: Evidence from Massachusetts and Implications for Future Health Reforms. Nathaniel Hendren, Mark Shepard, May 2017, Paper, “How much are low-income individuals willing to pay for health insurance? What are the implications for insurance market reforms that change government subsidies? Using administrative data from Massachusetts’ subsidized insurance exchange in 2009-2013, we exploit discontinuities in the premium subsidy schedule to estimate willingness to pay and costs of insurance among low-income adults. We obtain three main results…Link

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The Expanding Gender Earnings Gap: Evidence from the LEHD-2000 Census

The Expanding Gender Earnings Gap: Evidence from the LEHD-2000 Census. Claudia Goldin, 2017, Paper, “The gender earnings gap is an expanding statistic over the lifecycle. We use the LEHD Census 2000 to understand the roles of industry, occupation, and establishment 14 years after leaving school. The gap for college graduates 26 to 39 years old expands by 34 log points, most occurring in the first 7 years. About 44 percent is due to disproportionate shifts by men into higher-earning positions, industries, and firms and about 56 percent to differential advances by gender within firms. Widening is greater for married individuals and for those in certain sectors. Non-college graduates experience less widening but with similar patterns.Link

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Household Matters: Revisiting the Returns to Capital among Female Micro-entrepreneurs

Household Matters: Revisiting the Returns to Capital among Female Micro-entrepreneurs. Rohini Pande, April 17, 2017, Paper, “Several field experiments find positive returns to grants for male and not female microentrepreneurs. But, these analyses largely overlook that male and female micro-entrepreneurs often belong to the same household. Using data from randomized trials in India, Sri Lanka and Ghana, we show that the gender gap in microenterprise performance is not due to a gap in aptitude. Instead, low average returns of female-run enterprises are observed because women’s capital is invested into their husbands’ enterprises rather than their own. When women are the sole household enterprise operator, capital shocks lead to large increases in profits. Household-level income gains are equivalent regardless of the grant or loan recipient’s gender.” Link

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Larry Summers Sees More Downside Risks

Larry Summers Sees More Downside Risks. Lawrence Summers, April 12, 2017, Video, “Former U.S. Treasury Secretary Lawrence Summers said that while it’s difficult to call a market top, valuations have gotten ahead of the economy in recent months. “I’m not sure that I see what in the economy would justify a market move of the magnitude we’ve seen in the last months,” Summers said in an interview Wednesday on Bloomberg Television. “It wouldn’t surprise me if people look back and see that there was a bit of a sugar high in some of the valuations that we’re seeing.”” Link

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The Responsibilities and Role of Business in Relation to Society: Back to Basics?

The Responsibilities and Role of Business in Relation to Society: Back to Basics? Nien-hê Hsieh, April 11, 2017, Paper, “In this address, I outline a “back to basics” approach to specifying the responsibilities and role of business in relation to society. Three “basics” comprise the approach. The first is arguing that basic principles of ordinary morality, such as a duty not to harm, provide an adequate basis for specifying the responsibilities of business managers. The second is framing the role of business in society by looking to the values realized by the basic building blocks of contemporary economic activity, i.e., markets and firms. The third is making explicit the basic institutions that structure the background against which business operates. The aim is to develop a plausible framework for managerial decision making that respects the fact of value pluralism in a global economy and that fosters meaningful criticism of current business practices while remaining sufficiently grounded in contemporary circumstances so as to be relevant for managers. Link

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Too Late to Compensate Free Trade’s Losers

Too Late to Compensate Free Trade’s Losers. Dani Rodrik, April 11, 2017, Opinion, “It appears that a new consensus has taken hold these days among the world’s business and policy elites about how to address the anti-globalization backlash that populists such as Donald Trump have so ably exploited. Gone are the confident assertions that globalization benefits everyone: we must, the elites now concede, accept that globalization produces both winners and losers. But the correct response is not to halt or reverse globalization; it is to ensure that the losers are compensated.Link

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America’s Economy and the Case for Free Markets

America’s Economy and the Case for Free Markets. N. Gregory Mankiw, April 9, 2017, Video, “The Harvard economics professor on the economy and our need for free markets. Click “Show more” to view chapters. For more conversations, visit htttp:// Chapter 1 (00:15 – 45:37): The State of the U.S. Economy Chapter 2 (45:37 – 1:06:03): The Case for Free Markets Greg Mankiw is a professor of economics at Harvard University and was chairman of the Council of Economic Advisers under President George W. Bush (2003-2005). In this Conversation, Mankiw analyzes the American economy and shares his perspective on current public policy debates about trade, immigration, technological innovation, jobs, and economic growth. Reflecting on the economic challenges the U.S. faces today, Mankiw makes the case for a robust commitment to free markets—both for the sake of America and for the world.Link

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