Another U.S. bank bit the dust. AaronP/Bauer-Griffin/GC Images via Getty Images May 1, 2023 Recent banking crises are rooted in a system that rewards excessive risk-taking – as First Republic’s failure shows Alexandra Digby, University of Rochester; Dollie Davis, Minerva University, and Robson Hiroshi Hatsukami Morgan, Minerva University The cause of banking crises since the debacle in the 1980s remains unchanged. Incentives encourage executives to take excessive risks, with few consequences if bets turn bad. It’s happening again.
Turn that frown upside down. shaunl/iStock via Getty Images November 6, 2020 Job policies that offer generous unemployment benefits create more happiness – for everyone Robson Hiroshi Hatsukami Morgan, Minerva University and Kelsey O'Connor, National Institute for Statistics and Economic Studies Governments use a variety of labor market policies to support workers who lose their jobs – each with a different impact on a country’s well-being.