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Showing results 1 - 10 of 380

| Julie Battilana | Archon Fung | Sharon Block | Isabelle Ferreras | Benjamin Sachs
May 27, 2020, Video, "COVID-19 is amplifying a fundamental democratic mismatch: the vulnerable, often low-income and of-color, workers who are among the most affected by this pandemic have little influence over decisions — in companies and governments — about how this pandemic is managed." Watch on Youtube   Non-HKS Author Websites -…
| Lawrence H. Summers
May 2020, Paper, "Rising profitability and market valuations of US businesses, sluggish wage growth and a declining labor share of income, and reduced unemployment and inflation, have defined the macroeconomic environment of the last generation. This paper offers a unified explanation for these phenomena based on reduced worker power. Using individual, industry, and state-level data, we demonstrate that measures of reduced worker power are…
| Michael Mina | James H. Stock | Emmanuel Farhi
May 2020, Paper, "We use a five-age epidemiological model, combined with 66-sector economic accounting, to address a variety of questions concerning the economic reopening. We calibrate/estimate the model using contact survey data and data on weekly historical individual actions and non-pharmaceutical interventions in the weeks ending March 8 – May 16, 2020. Going forward, we model a decision-maker (governor) as following reopening guidelines…
| Lawrence H. Summers
May 19, 2020, Video, "Former Secretary of Treasury Larry Summers discusses the lasting effects the coronavirus pandemic will continue to have on the economy."  
| Lawrence H. Summers
May 19, 2020, Video, "Lawmakers Grill Treasury, Fed Chiefs on Economic Relief"
| James H. Stock
May 2020, Paper, "The COVID-19 pandemic and resulting shutdown of much of the United States to attempt to contain the SARSCoV-2 virus produced a sudden and unprecedented economic contraction. The questions the nation face today are how and when to reopen the economy and get people back to work, while also achieving public health goals.  This note briefly reviews the main considerations in answering these questions, drawing from the economic…
| Hal Scott
May 17, 2020, Opinion, "Small and midsize businesses have been hit hard by the pandemic, but they aren’t getting the help they need. Why, when the Cares Act provides direct assistance to the Treasury to assist these firms? Congress now has a chance to get to the bottom of it. On Tuesday the Senate Banking Committee will hold its first quarterly hearing on the Cares Act. It will hear from Treasury Secretary Steven Mnuchin and Federal Reserve…
| George Borjas
May 2020, Paper, "Employment rates in the United States fell dramatically between February 2020 and April 2020 as the initial repercussions of the COVID-19 pandemic reverberated through the labor market. This paper uses data from the CPS Basic Monthly Files to document that the employment decline was particularly severe for immigrants. Historically, immigrant men were more likely to be employed than native men. The COVID-related labor market…
| Robert Lue
May 12, 2020, Audio, "Valenture Institute's chancellor talks us through the challenges and opportunities for economic prosperity in this time of crisis in the final episode of the 3-week Sustainable Development Series." Non-HKS Author Website - Robert Lue
| Joseph Allen
May 12, 2020, Video, "As some Americans return to workplaces closed by the coronavirus pandemic, employers and employees alike may be wondering how society can do so safely. In this Facebook Live Q&A, Joseph Allen, Assistant Professor of Exposure Assessment Science and Director of the Healthy Buildings Program at the Harvard T.H. Chan School of Public Health, laid out a framework for the phased reopening of workplaces, ultimately describing…