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Znanstveno -raziskovalni seminar RCEF

18.05.2010

Raziskovalni center Ekonomske fakultete organizira znanstveno-raziskovalni seminar, ki bo v četrtek, 20. maja 2010 ob 17 uri v sejni sobi CISEF-a, na Ekonomski fakulteti v Ljubljani.

Prof. Dr William Lazonick, University of Massachusetts Lowell, bo predstavil raziskavo: “The Explosion of Executive Pay and the Erosion of American Prosperity”

Na brezplačni seminar, ki bo v angleškem jeziku, se lahko prijavite v pisarni RCEF po telefonu (01) 58-92-489, ali po e-pošti na naslov sodelavec.rcef@ef.uni-lj.si, do vključno srede, 19. maja 2010.

The United States is the richest economy in the world. Yet in the 2000s the United States has been unable to deliver equitable and stable economic growth to its own population. The national unemployment rate exceeded 10% in the “jobless recovery” of 2009. The distribution of income has become increasingly unequal over the past three decades, with a disappearance of middle income jobs. In the last half of the 2000s, the share of total income going to the top 1% of households rose to well over 20%. Prof. Lazonick, based on his research, funded by the FINNOV project of the Seventh Framework Programme of the European Commission, argues that the prime cause of the growing inequality and instability in the US economic system is the stock-based compensation of the executives. The result has been not only the extraction of massive rents by these executives but also a misallocation of resources compared to the types of resource allocation that could generate innovations at the company level and contribute to equitable and stable growth in the economy. The problem of explosion of executive pay has thus led to both, the inequality and the instability by undermining investments needed for the creation of high-quality jobs in the United States.


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