Private equity, hedge funds, sovereign wealth funds and other private pools of capital form part of the growing shadow banking system in the United States; these new financial intermediaries provide an alternative investment mechanism to the traditional banking system. Private equity and hedge...

Real Estate Investment Trusts (REITs) are important but little studied financial actors that control over $3.5 trillion in gross assets and over 500,000 properties in the U.S. Yet they have been largely ignored because tax rules define them as ‘passive investors.’ The evidence in this report...

This paper examines three questions: 1) How and why have financial models of doing business emerged in the last three decades? 2) What new forms of financial capitalism have become important in the current period? 3) How do new financial intermediaries, such as private equity, and the financial...

The goal of this paper is to develop a comprehensive research agenda to analyze trends in domestic outsourcing in the United States - firms' use of contractors and independent contractors - and its effects on job quality and inequality. In the process, we review definitions of outsourcing, the...

This paper examines three questions: 1) How and why have financial models of doing business emerged in the last three decades? 2) What new forms of financial capitalism have become important in the current period? 3) How do new financial intermediaries, such as private equity, and the financial...

Private equity firms have become major players in the healthcare industry. How has this happened and what are the results? What is private equity's ‘value proposition' to the industry and to the American people -- at a time when healthcare is under constant pressure to cut costs and prices?...

The goal of this paper is to develop a comprehensive research agenda to analyze trends in domestic outsourcing in the United States — firms’ use of contractors and independent contractors — and its effects on job quality and inequality. In the process, we review definitions of outsourcing,...

This paper discusses the growing dimensions of the offshoring of service activities both in manufacturing and service industries. Trade in Value-Added data implies a great potential of service offshoring for global welfare, however, the negative effects have to be balanced by appropriate...

The dramatic growth of the call center industry is a world-wide phenomenon, fueled by advances in information technologies and the precipitous decline in the costs of voice and data transmission over the last two decades. As part of this global industry, call centres in India have experienced...