W.E. Upjohn Institute Feeds http://www.upjohn.org RSS Feeds from the Upjohn Institute en-us Research shows that public pension fund managers take on more risk if their funds are underfunded http://www.upjohn.org A new Upjohn Institute working paper by Nancy Mohan and Ting Zhang (both of the University of Dayton) discusses how public pension fund managers, unlike their private counterparts, undertake more risk if they are underfunded and have lower investment returns in the previous years. The paper, "An Analysis of Risk-Taking Behavior for Public Defined Benefit Pension Plans," is available at http://research.upjohn.org/up_workingpapers/179/. Employment Growth from Public Support of Innovation in Small Firms, by Albert N. Link and John T. Scott http://www.upjohn.org In this new book, Link and Scott provide a statistical assessment of the employment growth associated with public support of R&D in small, entrepreneurial firms through the Small Business Innovation Research (SBIR) program. Research by Susan Houseman covered in Washington Monthly http://www.upjohn.org The January/February 2012 issue of "Washington Monthly" contains an article based on recent research by Susan Houseman. The article, "The Myth of American Productivity," by Michael Mandel, describes how globalization impacts the measurement of productivity in the United States. Read the article here. The Transformation of the American Pension System: Was It Beneficial for Workers? by Edward N. Wolff http://www.upjohn.org The share of Americans with defined contribution pension plans now exceeds the share of those with defined benefit plans. Wolff refers to this as the "great transformation" and it leads him to examine recent evidence to see whether there are winners and losers resulting from this switch away from traditional pension plans. Advances in Economic Forecasting, Matthew L. Higgins, ed. http://www.upjohn.org This book's contributors assess the performance of economic forecasting methods, argue that data can be better exploited through model and forecast combination, and advocate for models that are adaptive and perform well in the presence of nonlinearity and structural change. The contributors are: Michael D. Bradley, Dean Croshure, Dennis W. Jansen, Kajal Lahiri, Tae-Hwy Lee, David E. Rapach, and H.O. Stekler. Learn more at http://www.upjohn.org/Publications/Titles/AdvancesinEconomicForecasting. Early Career Research Grants http://www.upjohn.org The Upjohn Institute requests proposals for Early Career Research Grants (previously called Mini-Grants). These grants are intended to provide resources to junior faculty (untenured and within six years of earning the PhD) to carry out policy-related research on labor market issues. The Institute supports and encourages research on all issues related to labor markets and is especially interested in topics related to the recent recession and current recovery. Read more. Including Jobs in Benefit-Cost Analysis http://www.upjohn.org In a new Upjohn Institute working paper, Timothy Bartik offers recommendations on how to better measure employment benefits using estimable parameters. Guidance is provided on measuring policy-induced labor demand, estimating the demand shock's impact on labor market outcomes, and translating labor market impacts into efficiency benefits. Two measures are proposed for efficiency benefits, one relying on adjusted reservation wage gains, the other on adjusted earnings gains. Access the paper. Timothy Bartik addresses CBPP Conference http://www.upjohn.org On November 30, 2011, Timothy Bartik spoke during the opening plenary session of a conference run by the Center on Budget and Policy Priorities titled "State Policy Reforms for Stronger State Economies." Bartik's presentation, "State Economic Development Policies: What Works?" is available here. 2011-2012 Werner Sichel Lecture Series: The Economics of Health http://www.upjohn.org The third lecture of Western Michigan University's 2011–2012 Werner Sichel Lecture Series takes place on Wednesday, November 30. John Goddeeris, Michigan State University, presents "Payment Reform and Bending the Cost Curve." The Lecture Series is cosponsored by the Upjohn Institute. Learn more here Unemployment Insurance and Job Search in the Great Recession http://www.upjohn.org Jesse Rothstein, UC-Berkeley, gives a seminar at the Institute on Wednesday, November 16, to present his paper "Unemployment Insurance and Job Search in the Great Recession." The seminar begins at 10:30 am. Susan Houseman presents keynote speech http://www.upjohn.org Susan Houseman presented the keynote speech on "Temporary Help Employment in Recession and Recovery" at the conference on External Forms of Flexibility in the Labour Market: Competition or Complementarity, Catholic University Leuven, Belgium, October 27–28, 2011. Visiting scholar testifies before Senate Finance Committee http://www.upjohn.org Stephen A. Wandner, visiting scholar at the Upjohn Institute, testifies on Thursday, November 10 at the U.S. Senate Finance Committee's hearing on "Unemployment Insurance: The Path Back to Work." Learn more here. Institute staff participate in APPAM's Fall Research Conference http://www.upjohn.org Each fall the Association for Public Policy Analysis & Management (APPAM) sponsors a research conference that draws scholars, practitioners, and students "dedicated to improving public policy by fostering excellence in research, analysis, and education." The latest conference, held November 3–5 in Washington, DC, featured several contributions from Institute staff and affiliated scholars. Click here for the conference program and more on APPAM. Unemployment Insurance Exhaustions http://www.upjohn.org Over the past several decades, the rate at which UI recipients run out of benefits before finding work, even in a strong labor market, has been rising. For example, in 1973, 27.4 percent of UI recipients exhausted their benefits; in 2007 (with a similar employment rate) 35.6 percent exhausted.

In two newly released papers, Institute grantee Ralph E. Smith examines this rise in UI exhaustions and programs designed to reduce long-term unemployment, and considers what policymakers could do to more effectively address this problem.

Economic Impact of Kalamazoo College http://www.upjohn.org A report released by the Institute on October 17 shows that the presence of Kalamazoo College contributes $32 million to the Kalamazoo metropolitan economy and supports 685 jobs. Read the report here. 2011-2012 Werner Sichel Lecture Series: The Economics of Health http://www.upjohn.org The first lecture of Western Michigan University's 2011–2012 Werner Sichel Lecture Series takes place on Wednesday, October 19. David Meltzer, University of Chicago, presents "Economic Reasons for the Growth of Hospitalists in the United States and Implications for Improved Models of Care for High Risk Patients." The Lecture Series is cosponsored by the Upjohn Institute. Learn more here. NBA: Issues resurface from 1998-1999 lockout http://www.upjohn.org This year the National Basketball Association (NBA) imposed a lockout on its players due to a contract dispute over how to define and share league revenues, the terms of contracts, and more. During the one previous NBA lockout, in 1998–1999, owners and players fought over the same issues before finally settling and playing a shortened season. A paper published by the Upjohn Institute provides a detailed account of those issues and is now available to read online. That paper, "Economic Issues in the 1998–1999 NBA Lockout and the Problem of Competitive Balance in Professional Sports," by Andrew Zimbalist, appears in the book The Economics of Sports, William Kern, Editor.

Read the paper here. Positions available: Economist, Senior Economist http://www.upjohn.org The Upjohn Institute invites applied PhD economists to apply for a full-time research position. Recent PhDs may apply for an Economist position, and those with more than 5 years of experience and an established publication record in peer-reviewed journals may apply for a Senior Economist position. Read more. American Jobs Act includes proposal for a tax credit to expand payrolls http://www.upjohn.org As part of the American Jobs Act, President Obama proposes temporarily eliminating the 6.2 percent payroll tax firms pay for growth in their payrolls up to $50 million above the prior year. This proposal is similar to the one made by Timothy Bartik of the Upjohn Institute and John Bishop of Cornell University except that the Bartik/Bishop proposal calls for a 15 percent credit. Read Bartik's assessment of the impact of the proposed 6.2 percent credit here. Work Sharing part of American Jobs Act http://www.upjohn.org The American Jobs Act proposed by President Obama on September 8th calls for $49 billion to revise the nation's Unemployment Insurance program. Among the revisions called for is an expansion of work sharing.

In a recent Upjohn Press book, Solving the Reemployment Puzzle: From Research to Policy, Stephen A. Wandner offers a detailed account of the United States' and other nations' implementation, experience, and success with work sharing programs.

Excerpts and an ebook version of Solving the Reemployment Puzzle: From Research to Policy are available here from Google Books.

Read more about work sharing at the Upjohn Institute Web site. Article suggests need for a Job Creation Tax Credit http://www.upjohn.org Timothy Bartik is quoted concerning his proposal for a Job Creation Tax Credit in an article appearing on August 24 in Bloomberg Businessweek. The article, titled "How to Fight the Scourge of Long-Term Unemployment: View," is available here. Measuring Globalization http://www.upjohn.org Susan Houseman is serving as principal investigator of a project that will produce new estimates of trade-linked biases in current economic statistics. These estimates will ultimately advance our understanding of the impact of globalization on the U.S. economy. Titled "Measuring Globalization," the project launched in July and is sponsored by the Alfred P. Sloan Foundation. Read more. Earnings Benefits of Tulsa's Pre-K Program for Different Income Groups http://www.upjohn.org A new working paper by Timothy Bartik, William Gormley, and Shirley Adelstein finds positive future adult earnings effects associated with a universal pre-K program in Tulsa, Oklahoma. Read more. New Policy Paper by Morris M. Kleiner addresses labor-market impacts of occupational licensing http://www.upjohn.org There are potential job loss implications in the growth of occupational licensing for the labor market and the economy. An alternative form of regulation, the certification of occupations, which does not impose a "closed shop" on entry and mobility, may be a policy to avoid the job loss implications of occupational licensing. Read more. Institute hosts seminar on occupational licensing http://www.upjohn.org On Friday, July 22, Morris Kleiner, University of Minnesota, presents a seminar titled "Life, Limbs, and Licensing." Kleiner is a visiting scholar at the Upjohn Institute and is the author of Licensing Occupations: Ensuring Quality or Restricting Competition?. Institute hosts seminar: Quasi-Experimental Identification and Estimation in Regression Kink Design http://www.upjohn.org The seminar is being presented on July 21 by Pei Zhuan of Princeton University. Zhuan is currently a visiting scholar at the Upjohn Institute. Institute hosts seminar "Teacher Performance Pay and Student Achievement" http://www.upjohn.org On July 7, Timothy Gronberg of Texas A & M University presents a seminar titled "Teacher Performance Pay and Student Achievement." Gronberg is a visiting scholar at the Institute during the period of July 6 - 8. Responding to Skeptics of Early Childhood Programs as Local Economic Development http://www.upjohn.org In remarks delivered on June 28 to the Great Start Collaboratives of Cass County and Berrien County (Mich.), Timothy Bartik responds to skeptics who question whether high quality early childhood programs can lead to positive local economic benefits. Read his remarks at http://research.upjohn.org/presentations/24/. Institute hosts seminar on how research can, but sometimes doesn't, influence U.S. labor policy http://www.upjohn.org On June 29 Stephen A. Wandner presents a seminar in which he provides an insider's view on how rigorous scientific research is sometimes used, and is sometimes ignored, in the development of U.S. workforce policy and legislation. Wandner's talk is based on his book Solving the Reemployment Puzzle: From Research to Policy Dissertation Award Deadline Nears http://www.upjohn.org The deadline to apply for the 2011 Upjohn Institute Dissertation Award is Friday, July 8, 2011. This annual award for the best PhD dissertation on employment-related issues carries a $2500 first prize. Up to two honorable mention awards of $1000 may also be given. Learn more here or download the 2011 Dissertation Award Announcement. Offshoring http://www.upjohn.org Recent publications by Upjohn economist Susan Houseman explain why the growth of offshoring is resulting in an overstatement of productivity and output growth in the U.S. economy and discuss the implications for employment, wages, and policy.

  • "Offshoring Bias in U.S. Manufacturing" (with Christopher Kurz, Paul Lengermann, and Benjamin Mandel) in the Journal of Economic Perspectives estimates significant biases to output and productivity growth in manufacturing.
  • "Offshoring and Import Price Measurement," in the Survey of Current Business explains the nature of the measurement bias and reviews research findings presented at a conference sponsored by the Bureau of Economic Analysis and the Sloan Foundation.
  • "Not All Productivity Gains are the Same. Here's Why" (with Michael Mandel), in What Matters (a McKinsey&Company publication), distinguishes between true domestic productivity growth and apparent productivity growth from offshoring and discusses the implications of the different sources of measured productivity growth for employment, wages, and policy.
Also see recent coverage of Houseman's research on offshoring by Tyler Cowen and Ezra Klein. 2011 Upjohn Inistitute Dissertation Award http://www.upjohn.org The deadline to apply for the 2011 Upjohn Institute Dissertation Award is Friday, July 8, 2011. This annual award for the best PhD dissertation on employment-related issues carries a $2500 first prize. Up to two honorable mention awards of $1000 may also be given. Learn more here or download the 2011 Dissertation Award Announcement. Institute hosts seminar on UI and the unemployment rate http://www.upjohn.org On Friday, April 15, Matthew J. Notowidigdo will visit the Institute and present the paper titled "Should Unemployment Insurance Vary With the Unemployment Rate? Theory and Evidence." Notowidigdo is at the Booth School of Business, University of Chicago, and his coauthor on the paper is Kory Kroft of the Yale School of Management. Upjohn Press book wins Richard A. Lester Prize http://www.upjohn.org Stephen A. Wandner's "Solving the Reemployment Puzzle: From Research to Policy" has been awarded the Richard A. Lester Prize for the Outstanding Book in Labor Economics and Industrial Relations published in 2010. The prize is given annually by Princeton University's Industrial Relation Section.

Read more about the book. New Book! The Performance of Performance Standards http://www.upjohn.org Using a variety of data sources, the contributors - led by Nobel Prize-winning economist James J. Heckman - explore how performance standards and incentives affect the behavior of public managers and agency employees, their approaches to service delivery, and ultimately, the outcomes for participants.

Visit here for more information and to be able to download the introductory chapter. Upjohn Institute launches blog http://www.upjohn.org The new Upjohn Institute Blog is up and running! The blog is designed to share interesting and useful research and data on labor, economic development, and education/training policies being conducted at the Institute, as well as elsewhere. Look for new posts throughout the week at www.upjohn.org/blog. 2011 grant recipients announced http://www.upjohn.org The Upjohn Institute recently awarded 5 Research Policy Grants and 9 Mini-Grants under its 2011 Grant Program.

Visit here for the list of recipients. Tim Bartik to speak at 2011 Great Start Conference http://www.upjohn.org Tim Bartik will be delivering a keynote address at the 2011 Great Start Conference being held in East Lansing, MI. Bartik's address, to be delivered on Tuesday, March 15, is titled "Investing in Kids: Why It Pays Off for State Economies." Tim Bartik to discuss new book at Kazoo Books http://www.upjohn.org On Tuesday, March 8 at 6 pm, Tim Bartik will discuss his new book "Investing in Kids" at the Parkview location of Kazoo Books in Kalamazoo. A book signing will follow.

Learn more here. Investing in kids makes economic sense http://www.upjohn.org Three speakers will discuss the merits of investing in early childhood education in an event held on Thursday, February 24 at the Upjohn Institute. Among the speakers is Timothy J. Bartik, author or the new book "Investing in Kids." Bartik will also be signing books at the event.

Learn more about this event | Investing in Kids. Susan Houseman comments on offshoring issues in NY Times http://www.upjohn.org In the February 12, 2011 (online) edition of The New York Times, Susan Houseman comments on the importance of offshoring in U.S. manufacturing. For more information on measurement issues arising from offshoring, see here.

Tim Bartik discusses his new book in radio interview http://www.upjohn.org In a discussion with Gordon Evans of WMUK, Tim Bartik discusses his new book in which he argues that early childhood programs are an effective tool for economic development.

Access the interview here. WSJ article highlights occupational licensing http://www.upjohn.org In an article appearing on the front page of the February 7 Wall Street Journal, Professor Morris Kleiner discusses the impacts of occupational licensing on the earnings of people in licensed occupations and the quality of services they provide. Kleiner is the author of the Upjohn Institute-published Licensing Occupations: Ensuring Quality or Restricting Competition?

Read the WSJ article. New issue of "Employment Research" now available http://www.upjohn.org The new—January 2011—issue of the Institute's newsletter Employment Research is now available. It contains a series of synopses of papers that were presented at a conference convened at the Institute: "Labor Markets in Recession and Recovery." Those papers will become Institute Working Papers and Policy Briefs and will be available at Upjohn Research.

Read the newsletter article. Grant Program deadline nears http://www.upjohn.org The deadline to apply for 2011 Upjohn Institute Research Grant and Mini-Grant funding is February 1, 2011. Proposals may be sent by email to communications@upjohn.org.

Learn more about the Grant and Dissertations Award programs. New Book! "Investing in Kids: Early Childhood Programs and Local Economic Development" by Timothy J. Bartik http://www.upjohn.org "Tim Bartik has written a thoughtful book on the value of a local approach to financing and creating early interventions to foster child development. The economic case for supplementing the early environments of disadvantaged children is compelling." –James Heckman, Nobel Prize–winning economist, University of Chicago

Learn more about this book. Economist part of panel on C-SPAN http://www.upjohn.org In an event held on December 10 at the Urban Institute, a group of panelists including Tim Bartik talked about the U.S. job market and initiatives that might help lower the unemployment rate. Among the topics addressed during the event titled "Unemployment and U.S. Job Market" were various economic strategies to improve employment, obstacles to job growth for youth and elderly workers, and social safety net programs. Bartik's remarks come in the video at 7:14 to 15:24. He also responds to audience questions toward the end of the video. Investing in Kids blog http://www.upjohn.org Upjohn Institute Senior Economist Tim Bartik has started a new blog. Called "Investing in Kids," it can be found at http://investinginkids.net/. On it, Dr. Bartik will post regular entries that will tackle policy issues relating to early childhood programs, local economic development programs, and local economies. Some of the ideas he will be raising are also explored in his forthcoming book, Investing in Kids: Early Childhood Programs and Local Economic Development. We encourage you to check out his blog for an ongoing conversation on important issues facing communities today, as well as some creative solutions. Institute Staff to present at AEA Meetings http://www.upjohn.org Three Institute economists will present papers at the annual AEA Meetings to be held January 7–9, 2011 in Denver. Being presented are
  • "Short-Time Compensation as a Tool for Mitigating Job Loss," by Susan Houseman (w/Katharine G. Abraham, University of Maryland)
  • "Benefit Payment Costs of Unemployment Insurance Modernization," by Christopher O'Leary
  • "Consumption and Information: A Study of Consumer Behavior using Daily Data," by Marta Lachowska
In addition, Stephen Woodbury will be chairing two sessions, "Recovery from the Crisis: Comparing Labor Market Policies in Europe and the United States" and "LERA Labor Economics/Labor Markets Section Meeting" (w/Susan Helper, Case Western Reserve University).

2011 AEA Preliminary Program Senior Economist Allan Hunt reevaluated service delivery for the workers' compensation system for the Province of British Columbia http://www.upjohn.org Senior Economist Allan Hunt recently completed a reevaluation of service delivery at WorkSafeBC, the workers’ compensation system for the Province of British Columbia, Canada. Hunt was originally asked by the Ministry of Skills Development and Labour to evaluate service delivery at WorkSafeBC in 2001 as part of a Core Review of basic government services. This resulted in his 2002 report, "Why Not the Best," which contained a series of broad recommendations for service improvement. WorkSafeBC invited him to return in 2009 to assess their progress against his 2002 recommendations. Read his newly released report, "Service Delivery Core Review: A Reappraisal." New Book! "The Time Use of Mothers in the United States at the Beginning of the 21st Century" by Rachel Connelly and Jean Kimmel http://www.upjohn.org Basing their analysis on the American Time Use Survey, Connelly and Kimmel delve into the time use of mothers of preteenaged children in the United States and connect their time uses with their children’s development.

Learn more about this book. Upjohn Institue releases survey findings on design and economic growth in West Michigan</tltle> <description>This report represents one portion of a larger research effort to estimate the importance of design to regional economic growth in West Michigan. <br /><br /> <a href="http://research.upjohn.org/reports/122/">Read the report</a>. </description> </item> <item> <title>Upjohn Institute announces details on its 2011 Grant Program The Upjohn Institute announces a call for applications for Policy Research Grants and Mini-Grants. Policy Research Grants are open to any interested researcher, while Mini-Grants are restricted to nontenured faculty members. Any proposal related to employment issues will be considered, but the Institute encourages research relevant to labor market issues of the recent recession and current recovery. The deadline to apply is February 1, 2011.

2011 Grant Announcement Institute staff to present papers at APPAM Research Conference http://www.upjohn.org Randall W. Eberts and Kevin Hollenbeck will each be presenting papers at the 32nd Annual Research Conference of the Association for Public Policy and Management (APPAM) in Boston this week. Eberts' paper is titled "Tracking the Transition of Michigan's Displaced Auto Workers" and Hollenbeck's "Evaluation of Regional Collaboration for Economic Development."

Click here for more on the APPAM conference. New Issue! <i>Employment Research</i> newsletter http://www.upjohn.org The October 2010 issue of Employment Research contains two articles. They are:
  • "Missing Pieces: A New Report to Congress Details Biases and Gaps in Economic Statistics Resulting from Globalization" by Susan N. Houseman
  • "From Workforce Research to Workforce Policy" by Stephen A. Wandner
Read the articles. New Book! "Solving the Reemployment Puzzle: From Research to Policy" by Stephen A. Wandner http://www.upjohn.org "As the political tides ebb and flow, Stephen Wandner remains at the heart of American workforce policy—he serves as not just the institutional memory of the Employment and Training Administration, but its conscience as well. This book traces decades' worth of research and experimentation on reemployment. It is scrupulously objective, painstakingly thorough, and (if you have the right attitude about the application of intellectual honesty to making America greater) rather thrilling." –John D. Donahue, Harvard Kennedy School; former Assistant Secretary of Labor

Learn more about this book. Upjohn Institute economist proposes plan for creating jobs and increasing productivity in America's economically distressed communities http://www.upjohn.org In a discussion paper prepared for a Brookings Institution Hamilton Project event, Upjohn Institute Senior Economist Timothy J. Bartik lays out a proposal aimed at creating jobs and sustainable economic growth in the nation's economically distressed areas.

Bartik's proposal includes three research-tested and cost-effective strategies, targeted at distressed areas, that would help businesses expand and workers become better-trained and more productive, including

The strategies, if adopted, would provide training to 1.5 million workers every year, provide an additional 23,000 manufacturers with extension services annually, and bring jobs to and improve the environment of the 6 million people who live in Empowerment Zones.

Read the Discussion Paper | Policy Brief
Learn more about "Hard Times, Solid Policies to Renew American Communities: A Hamilton Project Event with Governor Jennifer Granholm." Talent 2025: Assessment of the West Michigan Talent Development System http://www.upjohn.org This report offers a three-part analysis of the talent system covered by a nine-county West Michigan region by:
  1. identifying key performance indicators of the local talent system;
  2. asset mapping of high-performing talent development systems to identify key components of success; and
  3. comparing performance gaps between high-performing initiatives and current performance within the Talent 2025 region.
This unique approach combines a thorough knowledge and experience with data sources and appropriate uses for developing a mix of both social and economic indicators.
Read report http://research.upjohn.org/reports/121/ Senior Economist Allan Hunt appointed to the Occupational Information Development Advisory Panel of the U.S. Social Security Administration http://www.upjohn.org The mission of the Panel is to provide independent advice and recommendations on plans and activities to replace the Dictionary of Occupational Titles currently used in the Social Security Administration's (SSA) disability determination process. Advice and recommendations relate to SSA's disability programs in the following areas:
  • Medical and vocational analysis of disability claims;
  • Occupational analysis, including definitions, ratings and capture of physical and mental/cognitive demands of work and other occupational information critical to SSA disability programs;
  • Data collection;
  • Use of occupational information in SSA's disability programs; and,
  • Any other areas that enable SSA to develop an occupational information system suited to its disability programs and improve the medical-vocational adjudication policies and processes.
 Upjohn Institute launches new Web site http://www.upjohn.org Our site now features enhanced content and searching capability. Please note that if you are a regular visitor to our site and are used to finding specific items (e.g., working papers, newsletter articles, first chapters of Upjohn Press books, and Business Outlook for West Michigan), the URLs for these items have changed. These and other documents and subject collections are now available at http://research.upjohn.org, the new digital repository for Upjohn Institute research and publications. Recipients of the 2010 Upjohn Institute Dissertation Award Announced http://www.upjohn.org/dissert.html The Institute announces co-winners of its 2010 Dissertation Award. They are Pascal Michaillat, University of California, Berkeley, and Mathew Notowidigdo, Massachusetts Institute of Technology. Each receives a $2,000 prize. Ofer Setty, New York University, is an honorable mention. Dr. Setty receives a $750 prize. Measurement Issues Arising from the Growth of Globalization http://www.upjohninstitute.org/globalization.html To improve our understanding of the impact of globalization on the adequacy and accuracy of current economic statistics, the Bureau of Economic Analysis (BEA) and the Sloan Foundation sponsored new economic research for a conference on the "Measurement Issues Arising from the Growth of Globalization." The research papers presented there highlight the critical data gaps and deficiencies that impede our ability to measure accurately the economic impact of globalization on the U.S. economy, and its workers. "Sustainable Prosperity in the New Economy?" wins 2010 Schumpeter Prize Competition http://www.upjohn.org/publications/titles/spne.html The International Schumpeter Society has just named William Lazonick's Sustainable Prosperity in the New Economy the winner of its 2010 Prize Competition. The book explores the origins of the new era of employment insecurity and income inequality, and considers what governments, businesses, and individuals can do to correct these inequities. Lazonick also asks whether the United States can refashion its high-tech business model to generate stable and equitable economic growth.