Climatologists project that global temperatures may rise by up to four degrees Celsius over the next century. This projection raises a natural question: “Can we assess the impact that this temperature increase will have on the U.S. economy?
The debate surrounding returns of private equity vs. public markets continues with a recent paper by AQR. What do the latest data tell us?
Much has been made about the labor force participation rate, or the percentage of Americans over 16 who are working or actively looking for work — and for good cause, given the number of unfilled vacancies at U.S. firms. If fewer Americans are working, it is going to be harder for firms to staff all of their openings. Currently, 62.2% of adult Americans are working or looking for work. This compares with a historical average of 63.9% in 2019. With 259 million adult Americans, this 1.7 percentage point decrease in the labor force participation rate translates to a missing 4.4 million workers. And the narrative to date has primarily focused on how many Americans made changes following the COVID-19 pandemic (in response to lockdowns, layoffs, health concerns or care responsibilities) and the sizable fraction of these Americans who are still sitting on the sidelines. Given the steady drumbeat of news about how firms are unable to fill all their positions, there is much interest in how and when we expect these workers to return to the labor force. So, when can we expect them to join the labor pool?
Mark G. Little has been named executive director of the Frank Hawkins Kenan Institute of Private Enterprise at the University of North Carolina Kenan-Flagler Business School.
Volodymyr Babich, Professor of Operations and Information Management at the McDonough School of Business at Georgetown University, will present his co-authored paper with McDonough School Houston Professor Gilles Hilary “Linking the chains: can supply chain challenges become blockchain opportunities?” during a lunchtime seminar in Kenan Center 204.
The American Growth Project explains why manufacturing remains essential for economic growth and how manufacturing in the U.S. today incorporates both regional shifts and “stickiness” in traditional strongholds.
Much has been written about the disproportionate number of women who have suffered pandemic-related job losses during COVID-19, but a related consequence has not been as well explored: the serious disruption of women’s careers, particularly in fields in which “path dependence” matters for success. In this Kenan Insight, we examine this more subtle asymmetry in the pandemic’s impact as indicative of far broader issues for women’s advancement in the workplace.
Despite strong economic indicators—2.5% GDP growth, unemployment under 4%, and easing inflation—American consumer sentiment remains low. Kenan Institute experts explore why the public's mood doesn’t match the upbeat data, highlighting deeper sources of economic unease.
The Kenan Institute will host John Allison for an exclusive conversation about leadership with UNC Kenan-Flagler Business School students. Allison is an Executive in Residence at the Wake Forest School of Business, as well as a member of the Cato Institute’s Board of Directors and Chairman of the Executive Advisory Council of the Cato Institute’s Center for Monetary and Financial Alternatives.
Join us for an afternoon with SEC Commissioner Michael S. Piwowar, who will share how the SEC is protecting investors, maintain the integrity of markets, and facilitate capital formation. Michael S. Piwowar was first appointed to the U.S. Securities and Exchange Commission (SEC) by President Barack Obama and was sworn in on August 15, 2013. Dr. Piwowar was designated Acting Chairman of the Commission by President Donald Trump from January 23, 2017, to May 4, 2017.
The Frontiers of Business: Building Business Resilience conference capped our 2024 Grand Challenge with stimulating discussions on what business resilience looks like in a world of rapid change. Here are three lessons we heard.
The Private Equity Research Consortium this fall plans to make fund holdings data available for academic research—a development that helps mark the 10-year partnership between data provider Burgiss and the Institute for Private Capital, an affiliate of UNC Kenan-Flagler Business School’s Frank H. Kenan Institute of Private Enterprise.
The award, which recognizes the top project among all of this year’s award winners, was presented at the 2019 UEDA Annual Summit in Reno, Nevada on Oct. 1.
Over the last two decades, public and private equity markets have changed dramatically. For instance, the total number of publicly listed firms decreased from more than 7500 in 1997 to approximately 3500 in 2018. This precipitous decline can be attributed to a corresponding sharp drop in the number of IPOs.
Please join us for an exclusive conversation with LabCorp Executive Vice President & President of Diagnostics Brian Caveney on Friday, Nov. 13. This virtual fireside chat is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford. The discussion will be led by Brad Staats, Associate Dean of MBA Programs, Professor of Operations, Sarah Graham Kenan Scholar & Faculty Director of the Center for the Business of Health.
The Anchor Institutions Create Economic Resilience (AICER) initiative seeks to stimulate distressed economies through anchor institution-community partnerships.
Does the quality of startups increase when the quantity drops? Does entrepreneurial experience help or hurt a corporate job candidate? Do diverse teams make for better startups? The 2022 Trends in Entrepreneurship report brings together our global network of affiliated experts to address these questions and more – with key findings highlighted in this week’s insight.
We revisit the relation between stock market volatility and macroeconomic activity using a new class of component models that distinguish short run from secular movements. We study long historical data series of aggregate stock market volatility, starting in the 19th century, as in Schwert (1989).
Universities have become essential players in the generation of knowledge and innovation. Through the commercialization of technology, they have developed the ability to influence regional economic growth. By examining different commercialization models this book analyses technology transfer at universities as part of a national and regional system.
The slope carry takes a long (short) position in the long-term bonds of countries with steeper (flatter) yield curves. The traditional carry takes a long (short) position in countries with high (low) short-term rates. We document that: (i) the slope carry return is slightly negative (strongly positive) in the pre (post) 2008 period, whereas it is concealed over longer samples; (ii) the traditional carry return is lower post-2008; and (iii) expected global growth and inflation declined post-2008.