The fifteenth volume of Innovation Policy and the Economy is the first to focus on a single theme: high-skilled immigration to the United States. The first paper is the product of a long-term research effort on the impact of immigration to the United...

Technology is constantly changing our world, leading to more efficient production. In the past, technological advancements dramatically increased wages, but during the last three decades, the median wage has remained stagnant. Many of today's machine...

Robust and reliable measures of consumer expenditures are essential for analyzing aggregate economic activity and for measuring differences in household circumstances. Many countries, including the United States, are embarking on ambitious projects t...

Every year, about 25,000 new products are introduced in the United States. Most of these products fail – at considerable expense to the companies that produce them. Such failures are typically thought to result from consumers' resistance to innovatio...

<p>Austerity is at the centre of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to p...

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years...

For sale in CIS only! In April 2013 Rana Plaza, an unremarkable eight-story commercial block in Dhaka, the capital of Bangladesh, collapsed, killing 1,129 people and injuring over 2,000. Most of them were low paid textile workers who had been ordere...

The modern-day Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship was built on a set of mutual benefits, in recent years it has taken on the trappings of an unstable co-dependence....

Work is changing. Speed and flexibility are more in demand than ever before thanks to an accelerating knowledge economy and sophisticated communication networks. These changes have forced a mass rethinking of the way we coordinate, collaborate, and c...

When Emily Martin delivered the annual Lewis Henry Morgan Lectures at the University of Rochester in 1986, she took as her subject the meaning of money in China and the United States. Though the topic is of perennial interest – and never more so than...