Working from home and long-term housing wealth inequality in large cities of advanced economies

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Reza Tajaddini ◽  
Hassan F. Gholipour ◽  
Amir Arjomandi
Keyword(s):  
Wealth Inequality ◽  
Developed Countries ◽  
Housing Demand ◽  
Working Environment ◽  
Housing Wealth ◽  
Content Type ◽  
Large Cities ◽  
Working From Home ◽  
Advanced Economies

Purpose The purpose of this study is to explain the potential long-term impacts of working from home on housing wealth inequality in large cities of advanced economies. Design/methodology/approach This study is descriptive research and It supports the arguments by providing some emerging evidence from property markets in developed countries. Findings The authors argue that due to the unique nature of the COVID-19 crisis, it will have a different and long-term impact on housing wealth inequality. Changes in the working arrangements of many professionals will change the housing demand dynamic across different suburbs and may lead to a reduction of the housing wealth gap in the long term. In this paper, the authors propose five mechanisms that may impact housing wealth inequality. Research limitations/implications Long-term data is required to test the proposed conceptual model in this study and the effect of the COVID-19 pandemic on housing wealth across and within suburbs of large cities. Practical implications Policymakers and regulators may benefit from the discussions and suggestions provided in this study and consider the proposed avenues on how new changes in the working environment (remote working) may result in a reduction of housing wealth inequality. Originality/value This study presents a new perspective about the potential long-term impacts of working from home that is posed by the COVID-19 pandemic on housing wealth inequality in large cities of developed economies.

Participation and productivity will drive long run GDP

2018 ◽  
Keyword(s):  
Interest Rates ◽  
Developed Countries ◽  
Living Standards ◽  
Lower Growth ◽  
Secular Stagnation ◽  
Content Type ◽  
Long Run ◽  
Advanced Economies ◽  
Labour Participation

Subject OECD long-run growth projections are predicated on the 'secular stagnation' argument. Significance The OECD has sharply reduced its outlook for long-term rich-world growth with interest rates rising commensurately slower. Moreover, the International Labour Organization projects even weaker workforce growth than the OECD in the advanced economies in the 2020s. Impacts Trade among developing countries accounts for near 30% of all trade (from 10% in 1995) and will soon top trade among developed countries. Efforts to raise labour participation, quality and productivity are key to raising living standards. Lower growth makes it harder to stabilise debt-to-GDP ratios, just as ageing rich-world populations raise pension and health costs.

Brazil infrastructure spending will face obstacles

2019 ◽  
Keyword(s):  
Daily Life ◽  
Public Investment ◽  
Infrastructure Investment ◽  
Foreign Investors ◽  
Content Type ◽  
Large Cities ◽  
Fiscal Constraints ◽  
Export Competitiveness

Significance Brazilian infrastructure requires urgent investment. Fiscal constraints are strengthening the government’s inclination towards privatisation and concession plans. As part of the Investment Partnerships Programme (PPI), auctions regarding operation and administration of airports, ports and railways in the country have attracted foreign investors and exceeded the government’s initial targets. Impacts Sluggish infrastructure investment will affect daily life in large cities and hinder long-term export competitiveness. Political turbulence may undermine foreign investors’ interest in Brazil. New rounds of infrastructure auctions will partially offset low public investment.

The long-term performance of cross-border mergers and acquisitions

2015 ◽  
Vol 9 (3) ◽  
pp. 385-400 ◽  
Author(s):  
Sai Lan ◽  
Fan Yang ◽  
Hong Zhu
Keyword(s):  
Mergers And Acquisitions ◽  
Developed Countries ◽  
Performance Outcomes ◽  
Chinese Firms ◽  
Content Type ◽  
Cross Border ◽  
Study Methodology ◽  
Long Term Performance ◽  
Term Performance

Purpose – The purpose of this paper is to examine Chinese firms’ long-term value creation derived from cross-border mergers and acquisitions (CBMAs). Design/methodology/approach – The authors collected a sample of 140 CBMAs conducted by Chinese firms listed in Shenzhen and Shanghai stock markets between 1997 and 2010. Long-horizon event study methodology was used to test hypotheses. Findings – The authors find Chinese firms gain long-term value from CBMAs. In particular, the authors find that Chinese firms tend to gain more value from targets from developed countries, and Chinese state-owned firms are more capable of gaining value from CBMAs than Chinese private firms. Originality/value – Given Chinese firms are increasingly acquiring targets outside of China in recent years, it is still unclear about whether Chinese firms gain value from these very expensive cross-border deals. This is one of the first studies that address the question: What are the long-term performance outcomes of Chinese CBMAs in recent years?

scholarly journals Identifying the aspects of organizational culture: a study of Indian banking industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pooja Singh Negi ◽  
Ramesh Chandra Dangwal
Keyword(s):  
Banking Industry ◽  
Qualitative Content Analysis ◽  
Working Environment ◽  
Foreign Banks ◽  
Content Type ◽  
Organizational Goals ◽  
Cultural Aspects ◽  
Team Working ◽  
Management Experience

PurposeThe purpose of the present study is to identify the core cultural aspects perceived by the executives of public, private and foreign banks in India.Design/methodology/approachOf the 124 responses, 96 usable responses were assessed from middle and lower level managers. Qualitative content analysis and deconstruction method were used to identify the perceived cultural aspects.FindingsInterestingly, managers of Indian banking industry stated that cultural aspects of their banks possess good work and working environment, prefer people, management, experience and promotions in comparison to other factors like policy, bonus, market, commitment, project, etc. It is also noted that cultural aspects of banks prefer learning, training and team working.Practical implicationsAssessment of the perception of managers toward their culture will foster the banks to develop integral subculture and to achieve the long-term organizational goals.Originality/valueThe study analyze the cultural aspects in Indian banking industry qualitatively, based on executives characteristics. This qualitative analysis helps to find out more contemporary and prevailing factors of banks.

scholarly journals The paradox of the peasantry in management and organization studies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Miguel Pina e Cunha ◽  
Stewart Clegg ◽  
Arménio Rego ◽  
Marco Berti
Keyword(s):  
Past Research ◽  
Developed Countries ◽  
Organization Studies ◽  
Content Type ◽  
Modern Slavery ◽  
Advanced Economies ◽  
Persistent Poverty ◽  
Sustainable Productivity ◽  
Positive Force ◽  
Digital Farming

Purpose Burrell (2020) challenged management and organization studies (MOS) scholars to pay attention to a topic they have mostly ignored: the peasantry, those 2 billion people that work in the rural primary sector. This paper aims to address the topic to expand Burrell’s challenge by indicating that the peasantry offers a unique context to study a paradoxical condition: the coexistence of persistent poverty and vanguardist innovation. Design/methodology/approach The authors advance conceptual arguments that complement the reasons why researchers should pay more attention to the peasantry. They argue that continuation of past research into field laborers, transitioning from feudalism to industrial capitalism, still has currency, not just because of the good reasons listed by Burrell (enduring relevance of the phenomenon in developing countries; sustainability concerns; acknowledgment of common heritage) but also because some seemingly archaic practices are evident in the economically developed countries where most management and organizations scholars live. Findings The authors show that in advanced economies, the peasantry has not disappeared, and it is manifested in contradictory forms, as positive force contributing to sustainable productivity (in the case of digitized agriculture) and as a negative legacy of social inequality and exploitation (as a form of modern slavery). Originality/value The authors discuss contrasting themes confronting management of the peasantry, namely, modern slavery and digital farming, and propose that a paradox view may help overcome unnecessary dualisms, which may promote social exclusion rather than integrated development.

Global cities could power economic growth

2015 ◽  
Keyword(s):  
Economic Growth ◽  
Urban Areas ◽  
Content Type ◽  
Large Cities ◽  
Basic Services ◽  
Global Economic Growth ◽  
Basic Infrastructure ◽  
Funding Gap

Subject The role of cities in global economic growth. Significance Cities, defined as metropolitan areas with over 500,000 inhabitants, are powering global economic growth. However, by 2014 the results were uneven, as the cities with the highest growth lie in developing countries, mainly in China, while many North American and European cities remain trapped in recession. Current urbanisation models are unsustainable in the long term, posing threats to future economic prosperity. Impacts Most large cities' economies are growing faster than their respective countries and will continue doing so. The less wealthy developing urban areas will converge economically with their more developed peers. The existing patterns of urban sprawl in many cities will lead to an increasing funding gap in basic infrastructure. This funding gap could cause the failure of many cities to deliver basic services such as transport.

High house prices may be global systemic risk

2016 ◽  
Keyword(s):  
Interest Rates ◽  
Household Income ◽  
House Prices ◽  
House Price ◽  
Content Type ◽  
Price Boom ◽  
Advanced Economies ◽  
The Us ◽  
Property Markets

Subject The rise in global house prices. Significance In the first quarter of 2015, the global house price index, aggregating prices in 52 countries, was at about the same level as in early 2007, according to IMF data. This recovery has occurred in a period of wage gains in most emerging markets (EMs), but little or no growth in household income across most advanced economies. Living costs excluding housing have stagnated and interest rates have been exceptionally low. Yet US interest rates are rising now and global prices are unlikely to keep falling beyond 2016, while many EMs have slumped into recession. As households are hit by more adverse trends, property markets and the related sectors will be affected. Impacts The EM house price boom will be curbed by slowing income growth and weaker economic prospects. High house-prices-to-household-income ratios and household debt might require the introduction of macroprudential tools. The US housing market will stay affordable compared to its long-term average and to Europe's.

Long-term unemployment

2020 ◽  
Vol 47 (4) ◽  
pp. 713-727
Author(s):  
Emmanuel Apergis ◽  
Nicholas Apergis
Keyword(s):  
Working Environment ◽  
Employment Relations ◽  
Content Type ◽  
Different Types ◽  
The Uk ◽  
First Time ◽  
Robustness Check ◽  
Modelling Approach

PurposeThis paper empirically explores the role of skill losses during unemployment behind firms' behaviour in interviewing long-term unemployedDesign/methodology/approachThe analysis makes use of the Work Employment Relations Survey in the UK, while it applies a panel probit modelling approach to estimate the empirical findings.FindingsThe findings document that skill losses during long-term unemployment reduce the likelihood of an interview, while they emphasize the need for certain policies that could compensate for this deterioration of skills. For robustness check, the estimation strategy survives the examination of the same predictors under different types of the working environment.Originality/valueThe original values of the work 1 combines for the first time both duration and technology as predictors of interview probability. Until now, the independent variables were used to test whether an individual has managed to exit unemployment, thus skipping the step of the interview process.

scholarly journals Qualification mismatch in the labor market and the impact on earnings: evidence from Vietnam

2019 ◽  
Vol 21 (2) ◽  
pp. 223-233
Author(s):  
Huy Le Quang ◽  
Binh Tran-Nam
Keyword(s):  
Labor Market ◽  
Formal Education ◽  
Developed Countries ◽  
Ordinary Least Squares ◽  
Asymmetric Effect ◽  
Wage Penalty ◽  
Content Type ◽  
Advanced Economies ◽  
Rural And Remote Areas ◽  
The Impact

Purpose The purpose of this paper is to investigate the incidence and earning effects of the vertical mismatch between attained and required educational qualifications in a developing country’s labor market. Design/methodology/approach Following Duncan and Hoffman (1981), this paper uses the augmented Mincerian wage equation to decompose the actual years of education of a person into years of over-education, years of required education and years of under-education. These years of education are then fitted in an ordinary least squares model to measure the earning effects of an employee when his/her attained educational qualifications are higher or lower than the required educational level in his/her job. Findings Unlike studies in developed countries, this paper finds that Vietnam has a higher incidence of under-education than over-education due to a large proportion of the population in rural and remote areas not having access to formal education. Further, qualification mismatch has an asymmetric effect on earnings in the sense that the wage rate is flexible downward but rigid upward. In particular, years of schooling that are in excess or in deficit of the required level for the job are not compensated with higher earnings. This paper concludes that although qualification mismatch incidence in Vietnam is different from that in developed countries, mismatched workers also suffer from significant wage penalty. Originality/value This paper makes a significant contribution by providing the first evidence from a developing country to the vertical mismatch literature which has already been overwhelmed with studies from advanced economies.

Asymmetric and threshold effects of public debt on economic growth in SADC: a panel smooth transition regression analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bongumusa Prince Makhoba ◽  
Irrshad Kaseeram ◽  
Lorraine Greyling
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Threshold Effect ◽  
Smooth Transition ◽  
Content Type ◽  
Advanced Economies ◽  
Smooth Transition Regression ◽  
Asymmetric Relationships ◽  
Panel Smooth Transition Regression

PurposeThis study aims to interrogate dynamic asymmetric relationships between public debt and economic growth in Southern African Developing Communities (SADC), over the period 2000–2018.Design/methodology/approachThe study employed a panel smooth transition regression (PSTR) technique to analyse dynamic asymmetric relationships between public debt and economic growth, and the threshold effect at which public debt hampers economic growth.FindingsThe findings indicate that there is a significant nonlinear effect of debt on economic growth in SADC. The study discovered a debt threshold of 60% to GDP at which debt beyond this threshold deteriorates long-term growth. The low-debt regime was found to be positive and statistically significant, while the high-debt regime is detrimental for long-term growth. Fiscal policymakers ought to consider the adoption of well-coordinated debt policies that aims to strike a balance between sustainable public debt and economic growth, within a reasonable threshold target.Originality/valueThe study focusses on asymmetric and threshold analysis of public debt on economic growth in SADC using sophisticated panel smooth transition regression (STAR). This study provides rigorous empirical evidence within the SADC perspective in which previous studies have predominantly been confined in advanced economies.

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