by Steven J. Davis, John Haltiwanger, Kyle Handley, Ben Lipsius, Josh Lerner, Javier Mirandavia VoxEu.org (Centre for Economic Policy Research)
Tuesday, October 22, 2019
Private equity buyouts arouse intense interest among investors and business owners as well as policymakers and politicians, but the difficulty of assembling the data needed for a systematic evaluation makes assessing their effects hard. This column uses data on thousands of buyouts in the US to examine the effects on employment, job reallocation, productivity, and worker compensation. The findings suggest that the effects differ greatly by type of buyout, with the credit conditions at the time of buyout, and with the post-buyout evolution of credit conditions and the macroeconomy, casting doubt on the efficacy of ‘one-size-fits-all’ policy prescriptions for private equity.
Achieving universal access to contraception would save and improve millions of lives, and put societies on a faster track to shared prosperity. With so much at stake, the world should be devoting far more attention and resources to this goal.
The Federal Reserve Bank of Minneapolis, in its June 2010 edition of Region magazine, published a lengthy interview with Robert E. Hall that covers a broad range of economic issues. One discusses tax policy. As most readers of this site know, Bob is my coauthor of four books (1983, 1985, 1995, 2007) and numerous articles on the flat tax.
Hoover Institution fellow Larry Diamond talks about the threat China’s model of authoritarian capitalism poses to liberal democracy in the United States and around the world. Economics drives politics, and it’s easy to admire China’s growth while looking past things like increasing surveillance and lack of respect for norms and the rule of law.
Hoover Institution fellow Larry Diamond says the single most important takeaway from their study was after three and a half days of talking about political issues — not politicians or candidates — the percentage of people who thought American democracy was doing “reasonably well” doubled.
An Indo-US forum held in New Delhi on Monday witnessed an unusual war of words between BJP National General Secretary Ram Madhav and former US Secretary of State Condoleezza Rice after the former asserted that India is in a better relationship with China as compared to the US.
Apparently persuaded by groundless conspiracy theories of foreign meddling, the Kremlin and Russia’s security agencies seem impervious to calls for them to adopt a more relaxed approach to their critics and opposition groups.
With a handful of Republicans criticizing President Donald Trump over his actions on Ukraine, Syria and his initial choice of his own Florida golf resort to host next year’s Group of Seven summit, the Republican president issued this salvo: “The Republicans have to get tougher and fight.”