Found 10 article(s) for author 'future of jobs'

Why Do Firms Have “Purpose”? The Firm’s Role as a Carrier of Identity and Reputation

Why Do Firms Have “Purpose”? The Firm’s Role as a Carrier of Identity and Reputation. Rebecca Henderson, Eric Van den Steen, May 2015 , Paper. “This article develops a theory in which a firm’s adoption of a prosocial purpose can increase profitability by strengthening employees’ reputation and identity–leading to higher effort and lower wages–as long as implementing purpose is costly with respect to direct monetary payoffs. Employees who value prosocial action will select into firms with a social purpose, which then become a visible carrier for these employees’ identity and reputation.” Link

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Demand Side Secular Stagnation

Demand Side Secular Stagnation. Lawrence Summers, May 2015, Paper. “The experience of first Japan and now Europe and the USA suggests that Hansen’s concept of secular stagnation is highly relevant. Recovery has been anemic and follows a generation of financially unsustainable and often lackluster growth. Investment demand has declined while the supply of saving has increased, leaving the economy vulnerable to liquidity traps. Although some US indicators have improved, forward real rates have declined sharply, European prospects remain muddled, and the zero-bound will likely constrain again during the next recession...” Link

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Retiree Healthcare Plans: The Hidden Threat To Local Governments

Retiree Healthcare Plans: The Hidden Threat To Local Governments. Robert Pozen, March 25, 2015, Video. “Robert C. Pozen is Senior Lecturer at Harvard Business School and Senior Fellow at the Brookings Institution. He was formerly Chairman of MFS Investment Management®, which manages over $200 billion in assets for over five million investors worldwide. This represents an increase of about 75% from the first half of 2004 when Bob was named Chairman. Bob was formerly vice chairman of Fidelity Investments and president of Fidelity Management & Research Company, the investment advisor to the Fidelity..Link

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Report of the Commission on Inclusive Prosperity

Report of the Commission on Inclusive Prosperity. Lawrence Summers, January 15, 2015, Paper. “History tells us that societies succeed when the fruits of growth are broadly shared. Indeed, no society has ever succeeded without a large, prospering middle class* that embraced the idea of progress. Today, the ability of free-market democracies to deliver widely shared increases in prosperity is in question as never before. The primary challenge democracies face is neither military nor philosophical. Rather, for the first time since the Great Depression, many industrial democracies are failing to raise living standards and provide opportunities for social mobility…Link

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Fiscal Policy and Full Employment

Fiscal Policy and Full Employment. Lawrence Summers, April 2, 2014, Paper. “At present and going forward, activist fiscal policy is likely to be essential for the American economy to operate near potential levels of output and employment. This conclusion is a substantial change in view from the near-consensus of economists that monetary policy alone could and should be left to carry out the stabilization policy mission, a view that prevailed for nearly a generation prior to the 2008 financial crisis…” Link

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A Network View of Economic Development

A Network View of Economic Development. Ricardo Hausmann, 2008, Paper. “This paper discusses whether the type of product a country produces and exports matter for subsequent economic performance by applying a network view of economic development. The authors argue for a network view to describe product relatedness and illuminate various aspects of such development. Their main goal is to develop a more nuanced view of development, concentrating on understanding how nations develop different industries and products, rather than trying to predict how they accumulate capital.”  Link

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Do Powerful Politicians Cause Corporate Downsizing

Do Powerful Politicians Cause Corporate Downsizing. Lauren Cohen, Joshua Coval, Christopher J. Malloy, October 7, 2011, Paper. “This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanship as a source of exogenous variation in state-level federal expenditures. In doing so, we show that fiscal spending shocks appear to significantly dampen corporate sector investment and employment activity…” Link

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“Schooling Can’t Buy Me Love”: Marriage, Work, and the Gender Education Gap in Latin America

“Schooling Can’t Buy Me Love”: Marriage, Work, and the Gender Education Gap in Latin America. Ricardo Hausmann, July 2010, Paper. “In this paper we establish six stylized facts related to marriage and work in Latin America and present a simple model to account for them. First, skilled women are less likely to be married than unskilled women. Second, skilled women are less likely to be married than skilled men. Third, married skilled men are more likely to work than unmarried skilled men, but married skilled women are less likely to work than unmarried skilled women. Fourth, Latin American women…” Link

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Profits and Politics: Coordinating Technology Adoption in Agriculture

Profits and Politics: Coordinating Technology Adoption in Agriculture, Rohini Pande, December 2007, Paper, “This paper examines the political economy of coordination in a simple two- sector model in which individuals’ choice of agricultural technology affects industrialization. We demonstrate the existence of multiple equilibria; the econ- omy is either characterized by the use of a traditional agricultural technology and a low level of industrialization or the use of a mechanized technology and a high level of industrialization. Relative to the traditional technology, the mechanized technology increases output but leaves some population groups worse off. We show that the distributional implications of choosing the mechanized technology restrict the possibility of Pareto-improving coordination by an elected policy-maker, even when we allow for income redistribution.” Link

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