November 2023 – Vanderbilt Business Review

Nov

26

2023

A Freshman Perspective: September Jobs Report and What It Means for Our Careers

All Posts, Opinioncareer, economy, graduation, jobs, park, recession

jacoblund via iStockphoto By Nathan Park The September U.S. Jobs Report was recently released on Oct. 6 by the U.S. Bureau of Labor Statistics and it blew expectations out of the water. It reported a whopping increase of 336,000 in the U.S. Job Report Non-Farm payroll, which was far above the Dow Jones consensus estimate of 170,000 and was the biggest increase since January. Regarding the different sectors in which these jobs have been added into, jobs in leisure and hospitality rose by 96,000, jobs in government by 73,000, and jobs in health care by 41,000 (compared with the average…

Claudia Goldin’s Nobel Prize: What Does it Mean for Women?

All Posts, Featureseconomics, goldin, keezer, nobel prize, wage, women

monkeybusinessimages via iStockphoto By: Madison Keezer In the heart of Boston's Financial District, one startling statistic echoes among the glass walls of corner offices: a 2019 U.S. Census Poll reports that a female financial manager earns, on average, $33,667 less than their male counterparts. This is not an isolated case, and at the Harvard University Department of Economics just across the Charles River, Claudia Goldin has helped to uncover the factors underlying this trend. For her research regarding the driving forces of gender gaps in labor force participation and wages, the Nobel Prize Committees have awarded Claudia Goldin the 2023…

Authoritarian Success Stories? Evaluating Amartya Sen’s “Development as Freedom” in the Unfree World

All Posts, Opinionauthoritarianism, chen, development, economy, freedom, sen

iStock photo by imaginima (2021) By: Claire Chen Amartya Sen’s “Development as Freedom” examines a provocative question posed by authoritarian governments and their sympathizers: does economic development truly necessitate liberal political values, especially in today’s developing world? Such a question becomes especially interesting in the context of Asia’s rapidly industrializing economies. While it is true that some wealthy nations have stable democratic governments, most notably post-WWII Japan, the relationship between prosperity and liberalism is not always clear-cut. South Korea and Taiwan are relatively affluent democracies today, but their authoritarian stints, which both lasted until 1987, could be compatible with economic…