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5 Big Ideas in Inequality Series - Parts I-VII (Multiple Contributors)
January 2021, Video; "Each week five experts give their 8- minute pitch for a big question, important finding, promising policy solution, or research frontier for the next generation of work on inequality." Watch Complete Series Via Harvard Inequality and Social Policy on Youtube I - "This week: 6 Big Ideas. David J. Deming (Harvard Kennedy School) leads the…
Consumers Punish Firms that Cut Employee Pay in Response to COVID-19 - Michael I. Norton
2020, Paper: "Two experiments, including one incentive compatible study, examine the impact of cutting pay for executives versus employees in response to COVID-19 on consumer behavior. Study 1 explores the effect of announcing cuts or no cuts to CEO and employee pay, and shows that firms’ commitment to paying employees their full wages leads to the most positive consumer reactions. Study 2 further examines the effects of announcing employee and…