Optimal Taxation in a Simple Model of Human Capital Accumulation

This paper studies optimal taxation in dynamic economies with a simple form of human capital accumulation as considered in Bull (1993). We show that in a Ramsey equilibrium along any balanced growth path, the taxes on wage income and (physical) capital income must be zero. Under the assumption on preferences of Bull (1993), we extend his result by showing that along a balanced growth all optimal taxes are necessarily zero.

mic Efficiency and Pareto Optimality in a Stochastic OLG Model with Production and Social Security

We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium interim Pareto optimality is equivalent to intergenerational exchange efficiency, which in turn implies dynamic efficiency. Furthermore, dynamic efficiency does not rule out a Pareto-improving role for a social security system. Social security can provide insurance against macroeconomic risk, namely aggregate productivity risk in the second period of life (old age) through dynamic risk sharing. We briefly relate our results to models without uncertainty where the notions of exchange efficiency, dynamic efficiency and interim Pareto optimality are all equivalent in a competitive equilibrium.Stochastic OLG Model, Dynamic Efficiency, Interim Pareto Optimality, Social Security, Risk Sharing

Remembering to Forget: Images of the Holocaust

Dr. Barbie Zelizer, Raymond Williams Professor of Communication, University of Pennsylvania.https://digitalcommons.fairfield.edu/bennettcenter-posters/1322/thumbnail.jp

Mergers: What Ethical Leaders Can Do To Help Ensure Success

Abstract This paper looks at several research articles which include discussions on the success and failures of mergers. Mergers continue to rise in number even though there is a lack of evidence showing positive results. Though failure rates for mergers are high, there is a large amount of research showing what organizations and more specifically leaders can do to ensure the success of mergers. This paper examines things that ethical leaders can do to positively impact the introduction, transition, and outcome of mergers when considering culture, the size of the organization, diversity, conflict, change, role modeling, team building, communication, planning and preparation, corporate reputation, and demographics. These findings provide implications for how organizations can enhance merger success rates. Keywords: ethics, leaders, mergers, organizations, cultur

Journalism’s Deep Memory: Cold War Mindedness and Coverage of Islamic State

This article considers the coverage of and by Islamic State in conjunction with a mindset established during the Cold War. It illustrates the degree to which U.S. journalism shapes coverage of Islamic State via interpretive tenets from the Cold War era as well as Islamic State’s use of the same tenets in coverage of itself. The article raises questions about the deep memory structures that undergird U.S. news and about their [memory structures] travel to distant, unexpected, and often dissonant locations

Introduction: On Finding New Ways of Thinking About Journalism

When a phenomenon is as widespread and as well known as journalism tends to be, it can seem counterintuitive to look for new ways of thinking about it. And yet finding new ways of thinking about journalism is point-center to ensuring journalism’s future. As it faces mounting challenges of a political, technological, economic, cultural, and social nature, those who study journalism have a role to play in developing fuller ways of thinking about it. From the quandaries that arise when the public turns increasingly to comedy, irony, and satire as a viable mode of news delivery to those that ensue when threats to journalists’ physical safety neutralize their ability to work, journalism today must contend with numerous problems that call on us, as scholars, to develop more responsive modes of inquiry. We need to develop inquiry that will not only reflect the changing circumstances in which journalism finds itself but anticipate them as well, because, judging from the present state of affairs, journalism means at once both too much and too little. And therein the real challenge to its future lies