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Kenan Institute 2022 Grand Challenge: Stakeholder Capitalism
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Market-Based Solutions to Vital Economic Issues

workforce development

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UNC Kenan-Flagler Business School Professor Christian Lundblad discussed the Bureau of Labor Statistics’ fresh employment report and what it means for the U.S. economy at the Kenan Institute’s virtual press briefing on Friday, Nov. 4.

Productivity plunged in the first half of 2022, dropping by the sharpest rate on record going back to 1947. Chief Economist Gerald Cohen was among the experts talking to the Washington Post about what it means.

Nonwage benefits have become more important to employers and employees alike. A new look shows where you work plays a far greater role in the level of benefits you receive than it does your paycheck.

We study the effect of government-subsidized childcare on women's career outcomes and firm performance using linked tax filing data. Exploiting a universal childcare reform in Quebec in 1997 and the variation in its timing relative to childbirth across cohorts of parents, we show that earlier access to childcare increases employment among new mothers, particularly among those previously unemployed.

If companies are going to provide equitable advancement opportunities for remote and hybrid workers, managers must be mindful and leaders must lead, say Jami Stewart of Cisco Systems Inc. and Jes Averhart of Jes & Co., speakers at a recent discussion hosted by the Kenan Institute-affiliated UNC Entrepreneurship Center and the Research Triangle Foundation. Also: A company’s commitment to social impact can be a key to adding and keeping talented young employees.

Stakeholder Capitalism

Pete Stavros of KKR & Co. founded Ownership Works, a new initiative backed by 19 private equity firms, with the objective of reducing income inequality by increasing employee share ownership. The group has prominent backers and a lofty goal of creating $20 billion in wealth in 10 years. As a researcher who has worked on employee share ownership and the benefits it can create, I was encouraged by the news. But while I broadly support employee ownership, such initiatives also can raise red flags because of the risk they impose on employees. As such, it is worthwhile to think carefully through what we know and don’t know about such programs.

Chief Economist Gerald Cohen joined N.C. Commerce Secretary Machelle Baker Sanders and UNC Associate Professor Erin Fraher, deputy director of the Sheps Center for Health Services Research, on Wednesday for an ncIMPACT Virtual Town Hall with host Anita Brown-Graham. The panelists discussed which sectors have been hit by worker shortages particularly hard and where the talent to fill those positions will come from.

Chief Economist Gerald Cohen will be a panelist for an ncIMPACT Virtual Town Hall on workforce shortages in the state that will be livestreamed at 11 a.m. Wednesday, May 4 on Facebook Live.

UNC Kenan-Flagler Business School Professor Paige Ouimet was featured on the Friday, April 22, broadcast of “ncIMPACT” on PBS NC. The episode, “Working for a Living Wage,” is now available for streaming and will be rebroadcast on PBS NC at 1:30 a.m. and 5 p.m. Tuesday, April 26.

On Tuesday, March 29th, First Citizens Bank Vice Chairwoman Hope Bryant joined UNC Kenan-Flagler Business School Dean Doug Shackelford for a fireside chat. Bryant discussed the history of First Citizens Bank, the impacts of COVID-19 on the workforce and her experiences as a woman in a leadership position.

On Wednesday, Feb. 16, Worthington Industries President and Chief Executive Officer Andrew Rose joined UNC Kenan-Flagler Business School Dean Doug Shackelford for a fireside chat. Rose discussed the impacts of COVID-19 and the economy on the manufacturing industry and gave advice to students about to enter today's workforce.

Please join us for an exclusive conversation with Worthington Industries President and Chief Executive Officer, Andrew Rose on Wednesday, February 16. This discussion is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.