A Dialogue with Steven J. Davis
Labor Market Fluidity and U.S. Economic Performance


U.S. labor markets became much less fluid in recent decades — workers and jobs now move between employers at a much slower pace. This loss of fluidity cuts across all 50 states, every major industry, and every demographic group defined by age, education and gender. Why did this loss of fluidity occur? What are the implications for employment, human capital, wages and productivity?

The Asian Bureau of Finance and Economic Research (ABFER) in collaboration with The Chicago Economics Society (CES), would like to invite you to the Industry Outreach Dialogue: "Labor Market Fluidity and U.S. Economic Performance" featuring Professor Steven J. Davis The University of Chicago Booth School of Business.

Venue: Pan Pacific Singapore (Pacific 3 Ballroom)
7 Raffles Boulevard, Marina Square, Singapore 039595

3:00 pm
3:30 pm
3:40 pm
A Dialogue with Prof Steven J. Davis
The University of Chicago Booth School of Business

"Labor Market Fluidity and U.S. Economic Performance"

Dialogue and Q&A Session moderated by:
Prof Bernard Yeung, NUS Business School & President of ABFER

4:50 pm
6:00 pm

Speaker and Moderator

  • Professor Steven J. Davis (Speaker)

    Professor Steven J. Davis (Speaker)


    William H. Abbott Professor of International Business and Economics, University of Chicago Booth School of Business
    Exco Member & Senior Fellow, Asian Bureau of Finance and Economic Research (ABFER)

    Steven J. Davis is the William H. Abbott Professor of International Business and Economics at the University of Chicago Booth School of Business. He studies business dynamics, labor markets, economic fluctuations, and public policy.He is past editor of the American Economic Journal: Macroeconomics, elected fellow of the Society of Labor Economists, senior academic fellow with the Asian Bureau of Finance and Economics Research, research associate with the National Bureau of Economic Research, advisor to the U.S. Congressional Budget Office, and consultant to the Federal Reserve Bank of Atlanta.

    Davis is known for his influential work using longitudinal data on firms and establishments to explore job creation and destruction dynamics and their relationship to economic performance. He is a co-creator of the Economic Policy Uncertainty Indices at www.PolicyUncertainty.com and the DHI Hiring Indicators at http://dhihiringindicators.com. He co-organizes the Asian Monetary Policy Forum, held annually in Singapore. In 2013, he received the Addington Prize in Measurement for his research on “Measuring Economic Policy Uncertainty.”

    His teaching experience includes Ph.D. courses in macroeconomics and labor economics at the University of Chicago, the Massachusetts Institute of Technology, and the University of Maryland; MBA courses in macroeconomics, money and banking, business strategy, and financial institutions for Chicago Booth; and executive MBA courses in macroeconomics for Chicago Booth in Barcelona, London, and Singapore. Davis has also taught undergraduate courses in microeconomics, econometrics, and money and banking at Brown University and the Massachusetts Institute of Technology.

    In addition to his scholarly work, Davis has written for the Atlantic, Bloomberg View, Financial Times, Forbes, Los Angeles Times, and the Wall Street Journal and appeared on Bloomberg TV, Channel News Asia, CNBC, CNN, Fox News, NBC Network News and the U.S. Public Broadcasting System.

  • Prof Bernard Yeung (Moderator)

    Prof Bernard Yeung (Moderator)


    President of ABFER Executive Committee and Dean of NUS Business School

    Bernard Yeung s the President of ABFER Executive Committee, Dean and Stephen Riady Distinguished Professor in Finance and Strategic Management at National University of Singapore (NUS) Business School. Before joining NUS in June 2008, he was the Abraham Krasnoff Professor in Global Business, Economics, and Management at New York University (NYU) Stern School of Business. He has also served as the Director of the NYU China House, the honorary co-chair of the Strategy Department of the Peking University Guanghua School of Management, and Advisory Professor at the East China Normal University. From 1988 to 1999, he taught at the University of Michigan and at the University of Alberta from 1983 to 1988.

    Professor Yeung`s research work has featured in more than 100 research publications covering topics in finance, strategy, foreign direct investment, international trade, international macroeconomics, institutional economics, sustainability, and economic history. His articles have appeared in journals in the fields of economics, finance, strategic management, international business, and accounting, as well as in top-tier media publications such as The Financial Times and The Wall Street Journal. He has contributed chapters in many leading books and written working papers.

    He has also won several scholarly honours and awards for academic excellence, including the Irwin Outstanding Educator Award (2013) from the Business Policy and Strategy (BPS) division of the Academy of Management; the Excellence in Teaching Award (Executive Education) by Stern School of Business at NYU and Teacher Excellence Award (doctoral programmes) by University of Michigan Business School.

    In addition, Professor Yeung has served on various committees and international advisory boards. He was a member of the Economic Strategies Committee in Singapore chaired by Mr Tharman Shanmugaratnam, Minister for Finance (2009). Professor Yeung is also a member of several other committees, including the Management Advisory Committee of SPRING Singapore and the Financial Research Council of the Monetary Authority of Singapore.

    Professor Yeung sits on the International Advisory Board of the Korea University Business School, the Intellectual Property of Singapore, the Institute of System Science Management Board, and the Strategic Recruitment Advisory Committee at NUS. He is the Dean Director on the Graduate Management Admission Council (GMAC) Board. He was also a member of the Maintenance of Accreditation Committee (MAC) and Asia Advisory Task force (AATF) of the Association to Advance Collegiate Schools of Business (AACSB). He is also an elected Fellow of the Academy of International Business (AIB).

    Professor Yeung received his Bachelor of Arts in Economics and Mathematics from the University of Western Ontario and his MBA and PhD degrees from the Graduate School of Business at the University of Chicago.

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