Clark Center Forum

About the Clark Center Forum

The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
Europe

Women and the Labor Market

Question A:

By enabling women’s life choices about education, work and family, the contraceptive pill made a substantial contribution to closing gender gaps in the labor market for professionals.

Responses

Source: European Clark Center Economic Experts Panel
Methodology
Question B:

Gender gaps in today’s labor market arise less from differences in educational and occupational choices than from the differential career impact of parenthood and social norms around men's and women’s roles in childrearing.

Responses

Source: European Clark Center Economic Experts Panel
Methodology
Question C:

The gender gap in pay would be substantially reduced if firms had fewer incentives to offer disproportionate rewards to individuals who work long and/or inflexible hours.

Responses

Source: European Clark Center Economic Experts Panel
Methodology
 
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Demographics, Aging, & Gender
US

Women and the Labor Market

Question A:

By enabling women’s life choices about education, work and family, the contraceptive pill made a substantial contribution to closing gender gaps in the labor market for professionals.

Responses

Source: Clark Center Economic Experts Panel
Methodology
Question B:

Gender gaps in today’s labor market arise less from differences in educational and occupational choices than from the differential career impact of parenthood and social norms around men's and women’s roles in childrearing.

Responses

Source: Clark Center Economic Experts Panel
Methodology
Question C:

The gender gap in pay would be substantially reduced if firms had fewer incentives to offer disproportionate rewards to individuals who work long and/or inflexible hours.

Responses

Source: Clark Center Economic Experts Panel
Methodology
 
Read More
Demographics, Aging, & Gender
Finance

Long-Term Capital Management

This Finance survey examines: (a) September 2023 was the 25th anniversary of the collapse of Long-Term Capital Management (LTCM). In response to LTCM's troubles, the Federal Reserve orchestrated a multi-billion dollar rescue package by a consortium of banks and it cut the Federal funds rate target by 75 basis points within six weeks. The hedge fund sector's contribution to systemic risk is substantially lower today than at the time of LTCM; (b) Financial market participants' expectation that the Fed will aggressively ease monetary policy in response to financial market dislocations is a substantial source of financial instability. 
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Financial Crises
Europe

Responses To Market Power

This European survey examines (a) Constraints on the anti-competitive behavior of dominant firms in the digital economy can in principle be effectively implemented using the existing tools of competition policy and antitrust enforcement; (b) The effectiveness of existing antitrust regimes in constraining anti-competitive behavior is substantially limited by the inadequacy of the resources available to competition and regulatory agencies relative to the dominant firms of the digital economy;  (c) Constraints on the anti-competitive behavior of dominant firms in the digital economy would be more effectively implemented than at present with ex-ante regulation such as Europe's Digital Markets Act and other forms of public utility regulation. Details on Digital Markets Act here: https://digital-markets-act.ec.europa.eu/index_en 
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Regulation, Competition, & Market Power
US

Responses To Market Power

This US survey examines (a) Constraints on the anti-competitive behavior of dominant firms in the digital economy can in principle be effectively implemented using the existing tools of competition policy and antitrust enforcement; (b) The effectiveness of existing antitrust regimes in constraining anti-competitive behavior is substantially limited by the inadequacy of the resources available to competition and regulatory agencies relative to the dominant firms of the digital economy;  (c) Constraints on the anti-competitive behavior of dominant firms in the digital economy would be more effectively implemented than at present with ex-ante regulation such as Europe's Digital Markets Act and other forms of public utility regulation. Details on Digital Markets Act here: https://digital-markets-act.ec.europa.eu/index_en 
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Regulation, Competition, & Market Power
Europe

Subsidizing Green Technology

This European survey examines (a) Government subsidies for investment in green technologies are justified by substantial benefits coming from reducing unpriced carbon emissions and generating positive R&D spillovers; (b) Using subsidies for green technologies instead of full carbon prices will lead to substantially more rent-seeking and hence substantially higher costs to achieve a given reduction in emissions 
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Environment, Climate Change, & Natural Resources
US

Subsidizing Green Technology

This US survey examines (a) Government subsidies for investment in green technologies are justified by substantial benefits coming from reducing unpriced carbon emissions and generating positive R&D spillovers; (b) Using subsidies for green technologies instead of full carbon prices will lead to substantially more rent-seeking and hence substantially higher costs to achieve a given reduction in emissions 
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Environment, Climate Change, & Natural Resources
Europe

AI and the Labor Market

This European survey examines (a) Use of artificial intelligence over the next ten years will have a negative impact on the earnings potential of substantial numbers of high-skilled workers in advanced countries; (b) Use of artificial intelligence over the next ten years will lead to substantially greater uncertainty about the likely returns to investment in education; (c) Use of artificial intelligence over the next ten years is likely to have a measurable impact in increasing income inequality 
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Jobs, Pay, & Unemployment
US

AI and the Labor Market

This US survey examines (a) Use of artificial intelligence over the next ten years will have a negative impact on the earnings potential of substantial numbers of high-skilled workers in advanced countries; (b) Use of artificial intelligence over the next ten years will lead to substantially greater uncertainty about the likely returns to investment in education; (c) Use of artificial intelligence over the next ten years is likely to have a measurable impact in increasing income inequality 
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Jobs, Pay, & Unemployment
Europe

AI and Market Power

This European survey examines (a) Use of artificial intelligence is likely to lead to a substantial increase in problems associated with market power in digital markets; (b) Artificial intelligence offers substantial opportunities for new entrants into digital markets that have previously been concentrated; (c) Artificial intelligence is likely to be a highly concentrated industry, dominated by a handful of players 
Read More
Regulation, Competition, & Market Power
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Topics

BankingBondsBusiness Cycles, Recessions, & CrisesBusiness, Management, & Corporate PerformanceCorporate GovernanceDemocracy, Government, & Public PolicyDemographics, Aging, & GenderEconomic Growth, Development, & ProductivityEconomists, Economic Theory, & Economic OrganizationsEducation & SkillsEnvironment, Climate Change, & Natural ResourcesFinance and the EconomyFinancial CrisesFinancial Markets & BankingFinancial RegulationHealthcare & WellbeingInternational FinanceInternational Trade & Exchange RatesInvestment ManagementInvestment, Infrastructure, & CitiesInvestmentsJobs, Pay, & UnemploymentMigrationMonetary Policy, Interest Rates, & InflationPoverty, Inequality, & Social MobilityPublic Debt & DeficitsRegulation, Competition, & Market PowerScience, Technology, & InnovationSocial Policy & SocietyTaxes & Public SpendingTransport

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