Economic freedom, homeownership, and state labor market conditions

2015 ◽  
Vol 4 (2) ◽  
pp. 142-151 ◽  
Author(s):  
Lauren R. Heller ◽  
E. Frank Stephenson
Keyword(s):  
Labor Market ◽  
Research Finding ◽  
Design Methodology ◽  
Economic Freedom ◽  
Labor Market Outcomes ◽  
Market Conditions ◽  
Market Outcomes ◽  
Labor Market Conditions ◽  
Content Type ◽  
The Relationship

Purpose – The purpose of this paper is to reconcile research finding that labor market outcomes are related to economic freedom for entrepreneurs and separate research finding that higher homeownership rates are associated with more unemployment. Design/methodology/approach – Using panel data covering the 50 states over 1981-2009, this paper analyzes the relationship between labor market conditions, economic freedom, and homeownership rates. Findings – The results indicate that economic freedom is associated with favorable labor market conditions but that the relationship between homeownership and poor labor market outcomes is small and insignificant in most specifications once economic freedom is accounted for. Originality/value – This paper is the first paper to examine the relationship between labor market outcomes and both homeownership and economic freedom. The results suggest that the economic environment for entrepreneurs is more important than any rigidities created by homeownership.

scholarly journals The persistent effect of socioeconomic status on education and labor market outcomes

2019 ◽  
Vol 27 (79) ◽  
pp. 62-90
Author(s):  
Juan A. Correa ◽  
Pablo Gutiérrez ◽  
Miguel Lorca ◽  
Raúl Morales ◽  
Francisco Parro
Keyword(s):  
Socioeconomic Status ◽  
Labor Market ◽  
Labor Market Outcomes ◽  
College Admission ◽  
Early Years ◽  
Market Outcomes ◽  
Content Type ◽  
Upper Secondary Education ◽  
Upper Secondary ◽  
Admission Test

Purpose This paper aims to study the effect of family socioeconomic status (SES) on academic and labor market outcomes. Design/methodology/approach The authors used a rich data set of administrative records for test scores, individual background and adult earnings of a cohort of agents, covering a period spanning the agents' upper-secondary education and their early years in the labor market. Findings The authors find that students with the highest SES obtained a 1.5 standard deviations higher score in the college admission test than students who had the same academic outcomes in the eighth grade test but belong to the lowest SES. Similarly, among students that obtained the same scores in the college admission test, those with the highest SES earned monthly wages 0.7 standard deviations higher than those with the lowest SES. Originality/value The findings highlight that family socioeconomic background continues to influence outcomes during individuals’ upper secondary education and early years in the labor market.

Immigration and Labor Market Outcomes in U.S. Metropolitan Areas

2019 ◽  
Vol 63 (4) ◽  
pp. 630-652
Author(s):  
Allen Hyde ◽  
Michael Wallace
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Labor Market Outcomes ◽  
Economic Restructuring ◽  
The United States ◽  
Earnings Inequality ◽  
Demand Side ◽  
Least Squares Regression ◽  
Market Outcomes ◽  
The Relationship

Two broad orientations have motivated scholarship on the relationship between immigration and labor market outcomes in the United States. The first, the supply-side perspective, often focuses on how immigration affects a variety of outcomes such as unemployment, casualization, and earnings inequality. The second, the demand-side perspective, generally contends that these labor market outcomes result mainly from economic restructuring that subsequently attracts immigrants to labor markets. Previous studies have often reached divergent conclusions due to differing assumptions about the direction of causality in these relationships. In this paper, we use three-stage least squares regression, a technique that allows for nonrecursive relationships, to adjudicate the direction of causality between immigration and labor market outcomes. Using 2010 data for 366 U.S. metropolitan statistical areas, we find support for the demand-side perspective, or that economic restructuring results in higher unemployment, casualization, and earnings inequality, which subsequently increases levels of immigration in metropolitan labor markets.

Educational mismatches and labor market outcomes

2017 ◽  
Vol 59 (5) ◽  
pp. 534-546 ◽  
Author(s):  
Piriya Pholphirul
Keyword(s):  
Labor Market ◽  
Private Sector ◽  
Labor Force ◽  
Labor Market Outcomes ◽  
Policy Recommendations ◽  
Market Outcomes ◽  
Content Type ◽  
Labor Force Survey ◽  
Negative Impacts ◽  
High Level

Purpose Educational mismatches constitute negative impacts on labor markets in most countries, Thailand is no exception. The purpose of this paper is to quantify the degree of educational mismatch in Thailand and its impacts on labor market outcomes. Design/methodology/approach This study analyzes data obtained from Thailand’s Labor Force Survey to estimate the likelihood of horizontal and vertical mismatches and their impacts on labor market outcomes. Findings Estimation results reveal the existence of a high level of both vertical and horizontal mismatches in the labor market. The vertical mismatch tends to be most prevalent in the case of graduates with degrees in the social sciences, while the existence of the horizontal mismatch is mostly found in the case of graduates with backgrounds in the physical sciences. Samples with a degree in health science seem to be least impacted by both types of mismatch. Education-job mismatches, either vertical or horizontal mismatches, are found to cause negative impacts on workers’ employment. Findings indicate that workers who encountered either horizontal or vertical educational mismatches tended to have lower monthly incomes than did those without such mismatches. Vertical mismatches seemed to result in lower incomes than did the horizontal mismatches. Furthermore, both types of mismatch are found to not have any significant impact on workers’ employability. Research limitations/implications Nevertheless, due to different types of mismatches such as skill mismatch or personality mismatch, this paper only quantifies degree mismatch on the context of Thailand only. Nevertheless, different structure of labor market can show different findings. Practical implications Both horizontal mismatch and vertical mismatch can be mitigated with strong collaboration system between colleges/universities and employers. Therefore, the government should further promote better cooperation between universities and the private sector (industry-university linkages) by encouraging more exchanges between high-level executives and students of the private sector and higher-education institutes. More opportunities for students to practice their skills in real workplace settings should be provided, and students should also be able to gain credits from participating in such training. In Thailand, at present there are only a few degree programs that require students to complete an internship. Social implications As for social policy recommendations, to reduce both horizontal and vertical mismatches in practices, it is essential that the education sector promote a life-long learning framework that allows workers whose jobs do not match their educational background (or with their educational attainment) to receive the training and develop the skills required by employers. Originality/value Comparing to other literature in these areas in which survey data from the authors are relied, this paper, however, uses the Thai Labor Force Survey, which is the national representative sample data set. The results found from this paper are therefore useful to be reliable on implying appropriated policy recommendations.

The benchmarking of the use of toolkit for mass customization in the automobile industry

2017 ◽  
Vol 24 (6) ◽  
pp. 1767-1783 ◽  
Author(s):  
Diego Castro Fettermann ◽  
Márcia Elisa Soares Echeveste ◽  
Guilherme Luz Tortorella
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Logistic Regression Analysis ◽  
Automobile Industry ◽  
Mass Customization ◽  
Design Methodology ◽  
Market Conditions ◽  
Content Type ◽  
Corporate Brands ◽  
The Relationship

Purpose The purpose of this paper is to examine the relation between the utilization of the customization strategy and the availability of the online toolkit and its features with the commercial variables of businesses. Design/methodology/approach The sample used in this paper consists of 134 cases of corporate brands in the automobile industry; their sales correspond to 49.12 percent of vehicles produced in 2012. The logistic regression analysis was then applied to the sample. Findings This paper confirmed the relationship between the use of toolkits for customization and business variables, like vehicle sales. Originality/value The generated model allows the prediction of market conditions which recommended to provide the toolkit for customization, and if implemented, what combination of features it must have.

scholarly journals Assessment of perceived labor market conditions in employees’ turnover intention model – mediation and moderation analyzes

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohd Abass Bhat ◽  
Shagufta Tariq Khan ◽  
Riyaz Ahmad Rainayee
Keyword(s):  
Labor Market ◽  
Organizational Commitment ◽  
Turnover Intention ◽  
Employee Turnover ◽  
Turnover Intentions ◽  
Psychological State ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
Content Type ◽  
Organizational Membership

Purpose This paper aims to examine employee perceptions of the labor market in the employee turnover intention model and explores how different situations outside work (labor market conditions) play a role in employee-organizational membership. In addition, it also examines the mediating role of commitment in the relationship between stress and the turnover model. Design/methodology/approach Data were collected from 628 private school teachers working in the economically depressed state of J&K (India), which were randomly selected. Confirmatory factor analysis was used for validation of a scale. Structural equation modeling and PROCESS by Hayes was used to test the hypothesized relationships between the study variables. Findings The antecedents of occupational stressors contribute negatively toward employees’ psychological state resulting in undesirable employee-organizational relationships such as high turnover intentions and low organizational commitment. Nevertheless, lack of external job opportunities compels employees to maintain organizational membership, even though against the stressful working environment. Research limitations/implications This study while acknowledging the inherent limitations, questionnaires are susceptible to and single sectional nature of the study poses limitations. Practical implications The practical implication explains that the employee and organization relationship is governed more by external economic conditions than by the psychological feelings of the employees toward the organization (organizational commitment). As also, the moral system of employees, as well as their feelings toward the noble profession makes them feel morally exalted and this binds them to the membership of the organization. Originality/value This study mainly focuses on, to understand if and how the conditions of the labor market relate to the employees’ attitudes. This would enable us to gain more insights to the systematic relations of employees’ attitudinal variables such as occupational stress, organizational commitment and employee turnover intentions.

Illicit Drug Use and Labor Market Outcomes: A Review of Economic Theory and its Empirical Implications

1998 ◽  
Vol 28 (3) ◽  
pp. 663-680 ◽  
Author(s):  
Robert Kaestner
Keyword(s):  
Economic Theory ◽  
Labor Market ◽  
Drug Use ◽  
Structural Model ◽  
Causal Effect ◽  
Labor Market Outcomes ◽  
Behavioral Model ◽  
Individual Choice ◽  
Market Outcomes ◽  
The Relationship

In this paper, I outline the economic theory pertinent to the analysis of the effect of drug use on labor market outcomes. I argue that the complex behavioral links that underlie the relationship between drug use and labor market outcomes make it necessary to explicitly model the process that determines both of these outcomes. Only then can effective empirical strategies be developed that will yield credible estimates of the causal effect of drug use on labor market outcomes. Economic theory is well suited to this task since at its core it is a behavioral model of individual choice. I also discuss some methodological strategies that can be used to address the empirical problems associated with estimating such a structural model.

Assessing the Effects of School Resources on Student Performance: An Update

1997 ◽  
Vol 19 (2) ◽  
pp. 141-164 ◽  
Author(s):  
Eric A. Hanushek
Keyword(s):  
Student Achievement ◽  
Labor Market ◽  
Student Performance ◽  
Student Outcomes ◽  
Labor Market Outcomes ◽  
School Resources ◽  
Market Outcomes ◽  
Consistent Relationship ◽  
Educational Production ◽  
The Relationship

The relationship between school resources and student achievement has been controversial, in large part because it calls into question a variety of traditional policy approaches. This article reviews the available educational production literature, updating previous summaries. The close to 400 studies of student achievement demonstrate that there is not a strong or consistent relationship between student performance and school resources, at least after variations in family inputs are taken into account. These results are also reconciled with meta-analytic approaches and with other investigations on how school resources affect labor market outcomes. Simple resource policies hold little hope for improving student outcomes.

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