The Anchor Institutions Create Economic Resilience (AICER) initiative seeks to stimulate distressed economies through anchor institution-community partnerships
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.
The factors that determine our health go far beyond what happens in the doctor’s office. In this Kenan Insight, we explore how the physical well-being of many Americans has been placed in jeopardy by upstream social and economic factors such as racism, food and job insecurity, and a lack of community and social support systems.
Prior to the COVID-19 outbreak, institutions of higher education were under immense pressure to live up to their value propositions, with underlying tensions that have been developing for years posing an existential threat to their financial viability. As colleges and universities move classes and operations online in response to the pandemic, questions arise as to what such changes hold not just for now, but for the long-term success of higher education. Can ed tech provide a way forward? Find out in this week’s Kenan Insight.
Community banks are the central financial institution in many places. They have the capacity to alleviate credit constraints of small firms. This may increase economic resilience, delaying or mitigating the effects of the Great Recession. We estimate how the county-level banking access and community bank market share affect both the timing and duration of the Great Recession. Using the Cox Proportional Hazards Model, we find that communities with a higher community bank market share are either less likely to experience recession conditions, or experience these conditions later. Using the Heckman Selection model, we confirm these results, and show that communities with a higher community bank market share are less likely to experience recession conditions. This research provides the first link between local financial institutions, and economic resilience.