2015-16 IGM Year in Review

14 Growth Prospects for the US Economy PANEL DISCUSSION, FEBRUARY 18, 2016 LAWRENCE H. SUMMERS Charles W. Eliot University Professor of Harvard University and former US Treasury Secretary KEVIN M. MURPHY George J. Stigler Distinguished Service Professor in Economics, Chicago Booth Lawrence Summers and Kevin Murphy offered contrasting outlooks for the direction of the US economy. Their discussion was moderated by Professor Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance at Chicago Booth. The Global Decline in the Labor Share APRIL 20, 2016 BRENT NEIMAN Professor of Economics, Chicago Booth The share of total income paid as compensation to labor—the labor share—has been declining all around the world in recent decades. Professor Brent Neiman discussed what may be driving this decline, as well as the repercussions for growth, business cycles, and inequality.