Jacob Funk Kirkegaard's Books

Transforming the European Economy

By: Martin Neil Baily,Jacob Funk Kirkegaard

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Transforming the European Economy

By: Martin Neil Baily,Jacob Funk Kirkegaard

Europe grew rapidly for many years, but now, faced with greater challenges, several of the large economies in Europe have either failed to generate enough jobs or have failed to achieve the highest levels of productivity or both. This study explores why Europe's growth slowed, what contribution information technology makes to growth, and what policies could facilitate economic transformation. It emphasizes a system with strong work incentives and a high level of competitive intensity. Europe doesn't need to eliminate its protections for individuals, the authors conclude, but both social programs and policies toward business must be reoriented so that they encourage economic change.

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357

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Columbia University Press

Published Date

ISBN 10

0881324493

ISBN 13

9780881324495

Accelerating Decline in America's High-Skilled Workforce

Implications for Immigration Policy

By: Jacob Funk Kirkegaard

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Accelerating Decline in America's High-Skilled Workforce

Implications for Immigration Policy

By: Jacob Funk Kirkegaard

Kirkegaard explores the increasingly dysfunctional state of present US high-skilled immigration laws and recommends a coherent set of immediate reforms, which should aim to facilitate continuously high and increasingly economically necessary levels of high-skilled immigration to the United States. In recent decades American skill levels have stagnated and struggled to make the global top 10. As baby boomers retire, the United States risks losing these skills altogether. In response, the United States should address high-skilled immigration in its broader foreign economic policies in an attempt to remain a global leader in the face of accelerating global economic integration.

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145

Publisher

Peterson Institute

Published Date

ISBN 10

0881325678

ISBN 13

9780881325676

US Pension Reform

Lessons from Other Countries

By: Martin Neil Baily,Jacob Funk Kirkegaard

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US Pension Reform

Lessons from Other Countries

By: Martin Neil Baily,Jacob Funk Kirkegaard

It is generally accepted that Social Security must be reformed, but there is little agreement on what should be done to reform the program. US Pension Reform: Lessons from Other Countries looks at the social pension reforms of twelve other countries, assesses the current US Social Security program, and evaluates how these twelve models inform opportunities for adaptation of the current system. The authors consider governments' current fiscal balances in order to contextualize countries' initial financial liabilities and pension program infrastructure. The book concludes with an integrated reform proposal for Social Security. These prescriptions suggest concrete plans to address issues such as underfunding, benefits for high-income participants and the elderly demographic segment, as well as the creation of an individual account program. This volume forges significant advances and boldly confronts the challenge of reconstructing the US Social Security program.

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533

Publisher

Columbia University Press

Published Date

ISBN 10

0881324930

ISBN 13

9780881324938

Transforming the European Economy

By: Martin Neil Baily,Jacob Funk Kirkegaard

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Transforming the European Economy

By: Martin Neil Baily,Jacob Funk Kirkegaard

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Page Count

357

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Columbia University Press

Published Date

ISBN 10

0881324493

ISBN 13

9780881324495

China's Economic Transformation

Lessons, Impact, and the Path Forward

By: Jeffrey J. Schott,Sean Miner,Jacob Funk Kirkegaard,Tomas Hellebrandt,Paolo Mauro ,Robert Z. Lawrence,Silvia Merler,Nicolas Veron

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China's Economic Transformation

Lessons, Impact, and the Path Forward

By: Jeffrey J. Schott,Sean Miner,Jacob Funk Kirkegaard,Tomas Hellebrandt,Paolo Mauro ,Robert Z. Lawrence,Silvia Merler,Nicolas Veron

China's efforts to transition from an economy driven by investment and exports to one based on private consumption and services are roiling global markets. Its problems are compounded by an economic slowdown, rising debt levels, languishing real estate market, and lagging productivity growth. In these essays, scholars from the Peterson Institute for International Economics (PIIE) recommend a number of reforms for Chinese leaders to consider, including steps to further open up its capital account and develop its financial markets. This collection of papers is part of a series of interactions and discussions between PIIE and the China Finance 40 (CF40) Forum, which began in 2012. The papers are intended to illuminate the challenges facing China as it engages increasingly with the global economy and builds on its phenomenal economic success of the past three decades.

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117

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Peterson Institute for International Economics

Published Date

ISBN 10

0881327093

ISBN 13

9780881327090

Raising Lower-Level Wages

When and Why It Makes Economic Sense

By: Tomas Hellebrandt, Michael Jarand,Jacob Funk Kirkegaard,Tyler Moran,Adam S. Posen, Justin Wolfers, Jan Zilinsky

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Raising Lower-Level Wages

When and Why It Makes Economic Sense

By: Tomas Hellebrandt, Michael Jarand,Jacob Funk Kirkegaard,Tyler Moran,Adam S. Posen, Justin Wolfers, Jan Zilinsky

As the United States emerges from the Great Recession, concern is rising nationally over the issues of income inequality, stagnation of workers' wages, and especially the struggles of lower-skilled workers at the -bottom end of the wage scale. While Washington deliberates legislation raising the minimum wage, a number of major American employers—for example, Aetna and Walmart—have begun to voluntarily raise the pay of their own lowest-paid employees. In this collection of essays, economists from the Peterson Institute for International Economics analyze the potential benefits and costs of widespread wage increases, if adopted by a range of US private employers. They make this assessment for the workers, the companies, and for the US economy as a whole, including such an initiative's effects on national competitiveness. These economists conclude that raising the pay of many of the lowest-paid US private-sector workers would not only reduce income inequality but also boost overall productivity growth, with likely minimal effect on employment in the current financial context. "It is possible to profit from paying your employees well…and increasing lower-paid workers' wages is the way forward for the United States," argues Adam S. Posen in his lead essay (reprinted from theFinancial Times). Justin Wolfers and Jan Zilinsky argue that higher wages can encourage low-paid workers to be more productive and loyal to their employers and coworkers, reducing costly job turnover and the need for supervision and training of new workers. Tomas Hellebrandt estimates that if all large private sector corporations in the United States outside of sectors that intensively use low-skilled labor increased wages of their low-paid workers to $16 per hour, the pay of 6.2 percent of the $110 million private-sector workers in the United States would increase on average by 38.6 percent. The direct cost to employers would be $51 billion, only around 0.3 percent of GDP. Jacob Kirkegaard and Tyler Moran explore the experience of employers in other advanced countries, with its implications for international competitiveness, and Michael Jarand assesses the impact of a wage increase on the near-term development of the US macroeconomy. Data disclosure: The data underlying the figures in this analysis are available for download in links listed below.

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Peterson Institute for International Economics

Published Date

ISBN 10

0881327085

ISBN 13

9780881327083

US Pension Reform

Lessons from Other Countries

By: Martin Neil Baily,Jacob Funk Kirkegaard

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US Pension Reform

Lessons from Other Countries

By: Martin Neil Baily,Jacob Funk Kirkegaard

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533

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Columbia University Press

Published Date

ISBN 10

0881324930

ISBN 13

9780881324938

China's New Economic Frontier

Overcoming Obstacles to Continued Growth

By: Joseph E. Gagnon,Jacob Funk Kirkegaard,Edwin M. Truman,Nicolas Véron

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China's New Economic Frontier

Overcoming Obstacles to Continued Growth

By: Joseph E. Gagnon,Jacob Funk Kirkegaard,Edwin M. Truman,Nicolas Véron

PIIE Briefing 16-5

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Peterson Institute for International Economics

Published Date

ISBN 10

0881327247

ISBN 13

9780881327243

Accelerating Decline in America's High-Skilled Workforce

Implications for Immigration Policy

By: Jacob Funk Kirkegaard

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Accelerating Decline in America's High-Skilled Workforce

Implications for Immigration Policy

By: Jacob Funk Kirkegaard

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Solve jigsaw puzzle

Age

Page Count

145

Publisher

Peterson Institute

Published Date

ISBN 10

0881325678

ISBN 13

9780881325676

Book's by Jacob Funk Kirkegaard

Transforming the European Economy

Transforming the European Economy

Accelerating Decline in America's High-Skilled Workforce

Accelerating Decline in America's High-Skilled Workforce

US Pension Reform

US Pension Reform

Transforming the European Economy

Transforming the European Economy

China's Economic Transformation

China's Economic Transformation

Raising Lower-Level Wages

Raising Lower-Level Wages

US Pension Reform

US Pension Reform

China's New Economic Frontier

China's New Economic Frontier

Accelerating Decline in America's High-Skilled Workforce

Accelerating Decline in America's High-Skilled Workforce

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