Economy

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    Book Review: Transformations of Trade Unionism: Comparative and Transnational Perspectives on Workers Organizing in Europe and the United States, Eighteenth to Twenty-First Centuries by Ad Knotter

Book Review: Transformations of Trade Unionism: Comparative and Transnational Perspectives on Workers Organizing in Europe and the United States, Eighteenth to Twenty-First Centuries by Ad Knotter

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In Transformations of Trade Unionism: Comparative and Transnational Perspectives on Workers Organizing in Europe and the United States, Eighteenth to Twenty-First Centuries, available to download here for free, Ad Knotter offers a historical analysis of the development of the labour movement in European countries and in the United States from the eighteenth century up to the present day. This detailed, well-written […]

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    In a world of mobility for firms and skilled labor, workers who can’t move pick up the tax bill

In a world of mobility for firms and skilled labor, workers who can’t move pick up the tax bill

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The trend is likely to continue as the mobility of large firms and high-income workers continues to rise, write Peter Egger, Sergey Nigai and Nora Strecker.

For a long time, economists have known that rising globalisation can bring substantial aggregate gains, but also produce winners and losers. The source of this growing inequality may be heterogeneous effects on employment, wages, […]

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    Men’s incomes still largely determine whether a household is part of the one percent

Men’s incomes still largely determine whether a household is part of the one percent

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Despite efforts to move towards greater equality, the corporate glass ceiling still exists for women. In new research, Jill E. Yavorsky, Lisa Keister and Yue Qian find that this restriction is far more extensive than had been thought previously: women are excluded from almost all top income positions, no matter their occupations. Gender disparities in income are so great, […]

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    Income inequality is growing fast in China and making it look more like the US

Income inequality is growing fast in China and making it look more like the US

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Study provides the first systematic estimates of the level and structure of China’s national wealth since the beginning of market reforms – by Thomas Piketty, Li Yang and Gabriel Zucman.

Between 1978 and 2015, China moved from a poor, underdeveloped country to the world’s leading emerging economy. Despite the decline in its share of world population, China’s share of world […]

April 6th, 2019|Economy, Li Yang|0 Comments|
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    Why Maryland’s minimum wage increase is unlikely to hurt jobs

Why Maryland’s minimum wage increase is unlikely to hurt jobs

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At the end of March, Maryland’s State Legislature overrode Governor Larry Hogan’s veto of a bill which would raise the state’s minimum wage to $15 an hour. While Hogan argued that the increase would hurt jobs and the economy in Maryland, Liam C. Malloy and Shanna Pearson-Merkowitz disagree. They write that data from other states which have raised minimum […]

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    Large corporate buyers may be the hidden culprit behind stagnant wages.

Large corporate buyers may be the hidden culprit behind stagnant wages.

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Since the end of the Great Recession nearly a decade ago the US has seen consistent growth and falling unemployment, but wages have remained relatively stagnant, a trend which many have attributed to the decline in workers’ bargaining power. Nathan Wilmers argues that this flat wage growth may also be down to the rise of outsourcing and large buyers. […]

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    Book Review: Commodity: The Global Commodity System in the 21st Century by Photis Lysandrou

Book Review: Commodity: The Global Commodity System in the 21st Century by Photis Lysandrou

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In Commodity: The Global Commodity System in the 21st Century, Photis Lysandrou offers a critical analysis of the global commodity system and its various developmental tendencies. This is an excellent book, writes Scott Lavery, which deftly charts how financialised capitalism rose to ascendance and its impact on the world economy in the twenty-first century, while also pointing to fruitful areas of […]

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    Book Review: Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy by Simone Selva

Book Review: Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy by Simone Selva

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In Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy, Simone Selva analyses the struggles of various US presidents to maintain America’s competitive edge while stimulating domestic growth between the 1960s and the late 1970s. This book is a valuable resource for those looking to understand the history of energy finance […]

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    When it comes to controlling taxes in the long term, supermajority rules in state legislatures are more symbolic than effective

When it comes to controlling taxes in the long term, supermajority rules in state legislatures are more symbolic than effective

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In 16 US states, a supermajority of legislators must agree on any new, or increase in existing taxes. But do such supermajority rules deter state legislatures from increasing taxes on citizens? In new research, Soomi Lee finds that in the short term, supermajority rule reduces the tax burden, but that this effect disappears after about 12 years.

In a democracy, […]

March 26th, 2019|Economy, Soomi Lee|0 Comments|
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    Book Review: How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development by Murat A. Yülek

Book Review: How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development by Murat A. Yülek

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In How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development, Murat A. Yülek offers insight into forward- and outward-looking industrial policy formulation that can further enhance national prosperity, with particular emphasis placed on capacity-building processes, skill accommulation and science and technology development. This is an excellent volume on industrial development and the sustainable policies to drive this, recommends Uchenna R. Efobi. 

How Nations Succeed: […]

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