Will Covid-19 pave the way for more business responsibility?

Will Covid-19 pave the way for more business responsibility?

Will the Covid-19 pandemic change peoples’ opinions about business responsibility? The future is by no means clear. On the one hand, the pandemic seems to be accelerating the transition towards a sustainable economy and creating alternative forms of doing business. If this continues, the pandemic might break old routines and ultimately generate new ways of thinking. On the other hand, the pandemic seems to also be slowing down and even preventing support for business responsibility. In fact, the pandemic and its social and economic consequences seem like it is making it harder to mobilize the necessary resources to facilitate change, leading to a perpetuation of the status quo.

Which outcome is more likely? What will citizens, consumers and employees expect from businesses as we move through this pandemic and into the future?

We conducted a survey before and during the Covid-19 pandemic to understand its affect on Swiss citizens’ opinions and demands concerning business responsibility, and, specifically, the Responsible Business Initiative (“Initiative multinationales responsables” or “Konzernverantwortungsinitiative”).”

How To Make Digital Proximity Tracing Work: The View from Economics

How To Make Digital Proximity Tracing Work: The View from Economics

Covid-19 proximity tracing apps can contribute to the fight against the pandemic. In a free society, however, their adoption is impossible to enforce by decree or material incentives. Their success therefore hinges on voluntary cooperation. We show that activating the app has considerable private benefits that many may underestimate – especially by offering information to guide their behavior towards vulnerable relatives and friends. Hence, activating the app need not primarily be seen as an act of social generosity. Alerting contacts through the app after having tested positive, however, presents a tradeoff of private costs against societal benefits. We argue that these private costs are likely to be negligible for most users, while the social benefits (saving lives) are potentially large.

 

Fast and local: how did lockdown policies affect the spread and severity of Covid-19?

Fast and local: how did lockdown policies affect the spread and severity of Covid-19?

How have the responses of governments around the world to this Covid-19 crisis impacted the development of the global pandemic?
More precisely, the authors analyse whether lockdowns mitigated the surge in infections and reduced mortality, which type of lockdown measure works best, and how effective lockdowns have been in developing vs developed countries.

 

How Reskilling Can Soften the Economic Blow of Covid-19

How Reskilling Can Soften the Economic Blow of Covid-19

In the early months of 2020, millions of workers worldwide were laid off as the Covid-19 pandemic shuttered entire industries. Yet not all industries suffered contractions: the healthcare sector, for instance, saw demand grow, as did schools, in some parts of the world, and online retail. Under normal conditions, workers constantly shift between different industries, albeit at a slow pace. However, the Covid-19 pandemic created an urgent need to make labor shifts happen much more quickly.

Article published in the Harvard Business Review

 

How to financially support Swiss SMEs?

How to financially support Swiss SMEs?

This article proposes a path that does not rely on recourse to debt, that would not be more costly for the Confederation than the current solution, and that would not entail any additional risk for the Swiss economy and its financial institutions, while at the same time offering a real alternative to small and medium-sized enterprises.

(Original article published in German by Finanz und Wirtschaft)

Frequently asked questions

Following the publication of the article, the authors completed it with a list of frequently asked questions.

June 2020

Job search during the COVID-19 lockdown

Job search during the COVID-19 lockdown

A survey of 845 job-seekers conducted by HEC Lausanne and KOF of ETH Zurich shows that jobseekers in the Corona crisis make significantly less effort to find a new job. In addition to the lack of suitable job offers, fear of infection by jobseekers plays a decisive role, as does the increased need for childcare for mothers.