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In recent years, decreasing federal minimum wage, low unionization rates and growing outsourcing trends have had some important effects on wage growth in the US low wage sector. As major firms throughout the world come under scrutiny for their failure to compensate their workers fairly, it is becoming increasingly necessary to better understand what motivates companies to mirror other larger firms’ wage changes. In this episode, Ellora Derenoncourt explains that when it comes to wage changes, just a few large employers in the labor market can have substantial ripple effects. Using the examples of firms like Amazon, Walmart and Target, she looks at why some companies feel compelled to follow in the footsteps of larger actors.
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How do beliefs shape and determine our attitudes towards policies? In this episode, Thomas Douenne looks at carbon taxation in the context of the Yellow Vest Movement, and how French people rejected a tax & dividend policy which they assumed would negatively impact their purchasing power.
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What are racial covenants? How do they target specific ethnic and religious minorities? And how do they affect present-day economic outcomes? In this episode, Aradhya Sood tells us about her research on the prevalence of racially-restrictive covenants during the early-to-mid 20th century, and how these contracts continue to impact house prices and promote racial segregation today.
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In recent decades, firms' decision to rely on contract labor over "in-house" workers has become increasingly prevalent. In this episode, Adrien Bilal tells us about his research on labor outsourcing and inequality in France. He explains that while domestic outsourcing may increase aggregate productivity, it nonetheless leads to oursourced workers suffering important wage losses.
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What is affirmative action? How can it increase the representation of under-privileged groups in a given field? And how might it play out in the higher education sector? In this episode, Ana Paula Melo talks to us about her research on the impact of affirmative action policies on the access to college in Brazil. She tells us about the benefits and shortcomings of this policy, and what is still missing in the existing literature on the topic.
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Evan K. Rose talks to us about his research on the relationship between human capital, company behavior and discrimination. Looking at the hiring procedures of over a hundred Fortune 500 firms across the US, Rose found that there were significant penalties for applicants belonging to gender and/or racial minorities. In this episode, Rose discusses the policy implications of this phenomenon, and the need for change in both institutional and internal practices.
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Why has wage inequality increased in the past 40 years in the United States? Why has corporate valuation skyrocketed? In this episode, Anna Stansbury presents her work with Larry Summers
Paper: “The Declining Worker Power Hypothesis” by Anna Stansbury and Lawrence Summers
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Books shape how children learn about society and the world. Analyzing over 1,100 award-winning children’s books, Anjali Adukia talks about what artificial intelligence (AI) tools can tell us about how race and gender are depicted to children.
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Governments in the world’s poorest countries face important revenue constraints. The ability to collect taxes directly affects the quality of public services and infrastructures, and is thought to undermine economic growth. Augustin Bergeron walks us through 3 experiments he conducted in D.R. Congo to investigate how the architecture of tax collection affects a state's fiscal capacity: who collects taxes, how much you can collect, and how you collect them.
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Can obesity signal wealth? In this episode, Elisa talks about the experiment she conducted in Uganda, in which she demonstrates that obese people are perceived as rich and that being obese facilitates access to credit.
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