Organizational Infrastructures for Economic Resilience: Alternatives to Shareholder Value-oriented Corporations and Unemployment Trajectories in the US During the Great Recession

2021 ◽  
pp. 187-228
Author(s):  
Marc Schneiberg
Keyword(s):  
Great Recession ◽  
Shareholder Value ◽  
Economic Resilience ◽  
The Great Recession ◽  
The Us

scholarly journals Universal resilience patterns in labor markets

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Esteban Moro ◽  
Morgan R. Frank ◽  
Alex Pentland ◽  
Alex Rutherford ◽  
Manuel Cebrian ◽  
...  
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Great Recession ◽  
Urban Policy ◽  
Economic Resilience ◽  
The Great Recession ◽  
Us Economy ◽  
The Us ◽  
Skill Requirements ◽  
Us Cities

AbstractCities are the innovation centers of the US economy, but technological disruptions can exclude workers and inhibit a middle class. Therefore, urban policy must promote the jobs and skills that increase worker pay, create employment, and foster economic resilience. In this paper, we model labor market resilience with an ecologically-inspired job network constructed from the similarity of occupations’ skill requirements. This framework reveals that the economic resilience of cities is universally and uniquely determined by the connectivity within a city’s job network. US cities with greater job connectivity experienced lower unemployment during the Great Recession. Further, cities that increase their job connectivity see increasing wage bills, and workers of embedded occupations enjoy higher wages than their peers elsewhere. Finally, we show how job connectivity may clarify the augmenting and deleterious impact of automation in US cities. Policies that promote labor connectivity may grow labor markets and promote economic resilience.

Immigration and economic resilience in the Great Recession

Urban Studies ◽  
2020 ◽  
pp. 004209802092540
Author(s):  
Xi Huang
Keyword(s):  
Great Recession ◽  
Urban Areas ◽  
Metropolitan Areas ◽  
Ordinary Least Squares ◽  
Economic Resilience ◽  
The Great Recession ◽  
The Us ◽  
Capita Income Growth ◽  
The Relationship ◽  
Us Cities

The 2007–2009 financial crisis has caused economic disruption in many US cities and has drawn considerable academic attention. Despite abundant evidence of immigrants’ economic and social value to urban areas, little research has examined the relationship between immigration and resilience. This article investigates whether immigration enhanced economic resilience to the Great Recession for metropolitan areas in the US. It uses ordinary least squares and instrumental variable regressions to test the immigration effects between 2007 and 2014. The findings indicate that immigration leads to employment and income resilience. On average, metropolitan areas with a larger immigrant population tended to better preserve their growth paths during the Great Recession and to experience greater levels of employment and per capita income growth following the recession.

Disruptive Soft Law and Post-Crisis US Reform

2018 ◽  
Author(s):  
Abraham L. Newman ◽  
Elliot Posner
Keyword(s):  
Financial Markets ◽  
Great Recession ◽  
Regulatory Reform ◽  
The United States ◽  
Soft Law ◽  
Long Term Effects ◽  
The Great Recession ◽  
The Us ◽  
International Interaction

Chapter 6 examines the long-term effects of international soft law on policy in the United States since 2008. The extent and type of post-crisis US cooperation with foreign jurisdictions have varied considerably with far-reaching ramifications for international financial markets. Focusing on the international interaction of reforms in banking and derivatives, the chapter uses the book’s approach to understand US regulation in the wake of the Great Recession. The authors attribute seemingly random variation in the US relationship to foreign regulation and markets to differences in pre-crisis international soft law. Here, the existence (or absence) of robust soft law and standard-creating institutions determines the resources available to policy entrepreneurs as well as their orientation and attitudes toward international cooperation. Soft law plays a central role in the evolution of US regulatory reform and its interface with the rest of the world.

The Great Recession, behavioral health, and self-rated health: An examination of racial/ethnic differences in the US

2021 ◽  
Vol 118 ◽  
pp. 106873
Author(s):  
Nina Mulia ◽  
Yu Ye ◽  
Katherine J. Karriker-Jaffe ◽  
Libo Li ◽  
William C. Kerr ◽  
...  
Keyword(s):  
Behavioral Health ◽  
Ethnic Differences ◽  
Great Recession ◽  
The Great Recession ◽  
Self Rated Health ◽  
The Us ◽  
Racial Ethnic

scholarly journals Money and credit during normal times and house price booms: evidence from time-frequency analysis

Empirica ◽  
2019 ◽  
Vol 47 (4) ◽  
pp. 835-861
Author(s):  
Maciej Ryczkowski
Keyword(s):  
Great Recession ◽  
House Prices ◽  
House Price ◽  
Industrialized Countries ◽  
Time Frequency ◽  
The Great Recession ◽  
Time Period ◽  
Price Boom ◽  
The Us ◽  
Short Run

Abstract I analyse the link between money and credit for twelve industrialized countries in the time period from 1970 to 2016. The euro area and Commonwealth Countries have rather strong co-movements between money and credit at longer frequencies. Denmark and Switzerland show weak and episodic effects. Scandinavian countries and the US are somewhere in between. I find strong and significant longer run co-movements especially around booming house prices for all of the sample countries. The analysis suggests the expansionary policy that cleans up after the burst of a bubble may exacerbate the risk of a new house price boom. The interrelation is hidden in the short run, because the co-movements are then rarely statistically significant. According to the wavelet evidence, developments of money and credit since the Great Recession or their decoupling in Japan suggest that it is more appropriate to examine the two variables separately in some circumstances.

Depression in the US Population During the Time Periods Surrounding the Great Recession

2015 ◽  
Vol 76 (04) ◽  
pp. e499-e504 ◽  
Author(s):  
Kaushal Mehta ◽  
Holly Kramer ◽  
Ramon Durazo-Arvizu ◽  
Guichan Cao ◽  
Liping Tong ◽  
...  
Keyword(s):  
Great Recession ◽  
The Great Recession ◽  
The Us ◽  
Time Periods

scholarly journals The US Unemployment Insurance Scheme: A Model for the EU?

2019 ◽  
Vol 54 (5) ◽  
pp. 314-318 ◽  
Author(s):  
Christiaan Luigjes ◽  
Georg Fischer ◽  
Frank Vandenbroucke
Keyword(s):  
Unemployment Insurance ◽  
Great Recession ◽  
The United States ◽  
Federal State ◽  
Insurance Scheme ◽  
The Great Recession ◽  
American Model ◽  
The Us ◽  
Minimum Requirements ◽  
The Eu

Abstract The system of unemployment insurance (UI) used in the United States has often been cited as a model for Europe. The American model illustrates that it is possible to create and maintain a UI system based on federal-state co-financing that intensifies during economic crises and thus reinforces protection and stabilisation. Central requirements and conditional funding can improve the aggregate protection and stabilisation capacity of the system. However, the architecture of the US system financially incentivises states to organise retrenchment of their own efforts for UI, which in turn leads to a divergence of benefit generosity and coverage levels. During the Great Recession, the federal government mitigated these incentives for retrenchment through minimum requirements attached to federal financial intervention. With regards to the European unemployment re-insurance system debate, the US experience implies both positive and encourageing conclusions and cautionary lessons.

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