scholarly journals Interpreting Aggregate Wage Growth: The Role of Labor Market Participation

2003 ◽  
Vol 93 (4) ◽  
pp. 1114-1131 ◽  
Author(s):  
Richard Blundell ◽  
Howard Reed ◽  
Thomas M Stoker

A new and easily implementable framework for the empirical analysis of the relationship between aggregate and individual wages is developed. Aggregate real wages are shown to contain three important bias terms: one associated with the dispersion of individual wages, a second deriving from compositional changes in the (selected) sample of workers, and a third reflecting the distribution of working hours. Their importance for interpreting the path of aggregate wages and of the returns to education for recent experience in Britain is highlighted. A close correspondence between the estimated biases and the patterns of differences shown by aggregate wages is established.

2018 ◽  
Vol 15 (3) ◽  
pp. 389-398
Author(s):  
Ruchi Singh

Rural economies in developing countries are often characterized by credit constraints. Although few attempts have been made to understand the trends and patterns of male out-migration from Uttar Pradesh (UP), there is dearth of literature on the linkage between credit accessibility and male migration in rural Uttar Pradesh. The present study tries to fill this gap. The objective of this study is to assess the role of credit accessibility in determining rural male migration. A primary survey of 370 households was conducted in six villages of Jaunpur district in Uttar Pradesh. Simple statistical tools and a binary logistic regression model were used for analyzing the data. The result of the empirical analysis shows that various sources of credit and accessibility to them play a very important role in male migration in rural Uttar Pradesh. The study also found that the relationship between credit constraints and migration varies across various social groups in UP.


2021 ◽  
Vol 16 (4) ◽  
pp. 638-669
Author(s):  
Miriam Alzate ◽  
Marta Arce-Urriza ◽  
Javier Cebollada

When studying the impact of online reviews on product sales, previous scholars have usually assumed that every review for a product has the same probability of being viewed by consumers. However, decision-making and information processing theories underline that the accessibility of information plays a role in consumer decision-making. We incorporate the notion of review visibility to study the relationship between online reviews and product sales, which is proxied by sales rank information, studying three different cases: (1) when every online review is assumed to have the same probability of being viewed; (2) when we assume that consumers sort online reviews by the most helpful mechanism; and (3) when we assume that consumers sort online reviews by the most recent mechanism. Review non-textual and textual variables are analyzed. The empirical analysis is conducted using a panel of 119 cosmetic products over a period of nine weeks. Using the system generalized method of moments (system GMM) method for dynamic models of panel data, our findings reveal that review variables influence product sales, but the magnitude, and even the direction of the effect, vary amongst visibility cases. Overall, the characteristics of the most helpful reviews have a higher impact on sales.


2017 ◽  
Vol 55 (6) ◽  
pp. 1307-1327 ◽  
Author(s):  
Davide Aloini ◽  
Valentina Lazzarotti ◽  
Raffaella Manzini ◽  
Luisa Pellegrini

Purpose Intellectual property protection mechanisms (IPPMs) include a variety of methods suitable for protecting valuable intangible assets of companies, and it is of great relevance to study how companies use these mechanisms to ensure the appropriability of innovation, in a context in which innovation is increasingly open. Indeed, there is a tension between the aim to share knowledge with external partners and the need to protect valuable know-how. The purpose of this paper is to investigate the relationship among the use of IPPMs, open innovation (OI), and the innovation performance of companies. Design/methodology/approach The study is based upon a survey conducted on 477 firms from Finland, Italy, Sweden, and UK in 2012. Findings The study shows that IPPMs have an indirect impact on innovation performance, mediated by the degree of openness. More precisely, IPPMs positively influence the level of openness, which, in turn, positively influences the innovation performance. Originality/value The empirical analysis contributes on two issues widely debated in the literature: the impact of IPPMs on innovation performance and the role of IPPMs as enablers or disablers of OI.


2009 ◽  
Vol 9 (2) ◽  
pp. 187-217 ◽  
Author(s):  
Aurel Croissant ◽  
David Kuehn

Successful institutionalization of civilian control of the military is a necessary condition for the consolidation of democracy. This is particularly relevant for East Asia, where the military used to be a key player in the previous authoritarian regimes. This article analyzes the changes, advances, and setbacks in achieving civilian control in five countries that have made the transition from authoritarian to democratic rule: Indonesia, the Philippines, South Korea, Taiwan, and Thailand. The empirical analysis is built on a conception of civilian control that distinguishes three areas of political decisionmaking: political recruitment and overall public policymaking, national defense, and internal security. The study shows that only in Taiwan and South Korea have civilians succeeded in curtailing military influence in politics. In contrast, in Indonesia, the Philippines, and Thailand, the military has shown itself more or less resilient in guarding its prerogatives in the postauthoritarian era. This seriously impedes the democratically elected authorities' effective power to govern in these countries and has led to democratic deterioration in Thailand and the Philippines. The article highlights three arguments to account for the profound difference between the cases: historical legacies of authoritarian rule and the path of democratic transition, the internal security role of the military, and the relationship between development and democratic consolidation.


2020 ◽  
Vol 3 (4) ◽  
Author(s):  
Prince Donkor ◽  
◽  
Francis Azure ◽  
Gideon Adu-Boateng ◽  
◽  
...  

2015 ◽  
Vol 4 (3) ◽  
pp. 65-89 ◽  
Author(s):  
Bojan Dimitrijević ◽  
Ivan Lovre

Abstract As a synthesis of economics and physics and an attempt to apply the methods and models of statistical physics to economics, econophysics is presently a new, growing and very dynamic branch of modern science. Therefore, the subject of this paper is to analyse the relationship and interdependence between thermodynamics and economics, and it aims to show similarities, analogies and correspondence between the main categories, methods and models of thermodynamics on one hand, and economics on the other. The paper analyses the relation between economics and thermodynamics, as well as the probability distribution in the kinetic theory of gases corresponding to money, income and wealth distribution, connects entropy with utility and the principle of operation of the thermal engine with economic exchange. The final part of the paper empirically analyzes temperature differences in the exchange between Serbia and the selected EU countries. There are differences in temperature between Serbia and the group of selected countries. Results of the empirical analysis shows that the exchange between countries is based on principles of thermodynamics and that developed countries generate more profits and benefits from exchange.


2020 ◽  
Vol 11 (1) ◽  
Author(s):  
Shan Li

AbstractThis article studies the role of rainfall in determining the education composition of Mexico-US migration. Emphasizing the relationship between rainfall and migration costs, a revised Roy model indicates that rainfall affects selection on education through not only households’ liquidity constraints but also the comparisons between changes in migration costs and wage differentials at different levels of education. With retrospective data on the migration history of male Mexicans, the empirical analysis shows that the inverted U-shaped relationship between migration probabilities and education is less dispersed with a higher vertex when rainfall decreases, suggesting higher migration costs and reinforced self-selection patterns. The impacts of rainfall on selection and education are stronger for the migrant stock than for migration flows. Studying how rainfall influences migrants’ return decisions provides consistent results.


2020 ◽  
Vol 20 (3) ◽  
pp. 53-60 ◽  
Author(s):  
Gabriel Cachón Rodríguez ◽  
◽  
Camilo Prado Román ◽  

The aim of this study is to analyse the relationship between identification and loyalty in a public higher education institution in an institutional crisis context. In addition, the differences regarding the possible moderating effect that two of its main stakeholder categories can have on this relationship are studied, which are students and graduates. The information needed to conduct the empirical analysis was obtained from an online survey. Data processing was carried out using the PLS-SEM technique. The results show that in a context of institutional crisis, identification influences university loyalty positively and significantly. However, the existence of certain differences between the two stakeholder categories considered is detected, with the moderating effect being more intense in the group of students than in the group of graduates. It is a useful contribution as it is one of the first studies in which the proposed relationships are analysed in a context of organizational crisis and, in addition, it is concerned with investigating the possible existence of differences in the moderating role played by two fundamental stakeholder categories. This contribution becomes more significant when comparing the moderating effects by using two non-parametric methods (PLS-MGA and permutations), which compared to other techniques have significant advantages to examine the proposed relationship. Important practical implications arise from the results of this work, which can be particularly useful for managers of the type of organisations analysed.


2021 ◽  
Vol 2 (2) ◽  
pp. 111-128
Author(s):  
Nurfika ◽  
Jean-Claude Maswana

The relationship between economic growth and poverty reduction, although well established, is heterogeneous. The heterogeneity stems not only from socio-economic factors but also from the structure of output growth. In Indonesia, the secondary sector seems to be less poverty-reducing than other sectors. This study examines the impact of sectoral growth on poverty in Indonesia, with particular attention to the disaggregated secondary sector, and also analyzes the relative sensitivities of poverty reduction to the labor-intensive and non-labor-intensive sectors. The empirical analysis uses provincial panel data on Indonesia for the period 2003–2018 and employs the pooled OLS method. The results show that sectoral growth has little effect on improving the condition of the poor in Indonesia. Nevertheless, this conclusion has a high potential to be inappropriate. Perhaps a better conclusion on the linkage between sectoral growth and poverty can be drawn if the characteristics of mining-driven and nonmining-driven provinces in Indonesia are taken into account. In nonmining-driven provinces, the secondary sector pales in comparison to services in alleviating poverty. Six-sector disaggregation of the economy (with or without controlling for the distributional effect through labor intensity) reveals that, within the secondary sector, the subsectors that significantly reduce poverty in nonmining-driven provinces are mining and construction. Mining-driven provinces, however, do not display a linkage between sectoral growth and poverty. The significant role of labor intensity in determining whether sectoral growth is pro-poor suggests that adopting policies that lean toward discouraging businesses from employing labor is inadvisable.


2019 ◽  
Author(s):  
Dini Arifiani ◽  
Aura Amalia ◽  
Hastuti Naibaho ◽  
Endang Pitaloka

Jobs with high workload characteristics will require employees to work more than normal working hours so that employees will often work overtime. This condition will cause employees to be exhausted both physically and mentally which ultimately creates work stress. Job stress will cause employees to experience health problems. Employees who experience job stress will consider leaving the organization and looking for new jobs that can reduce their work stress. Respondents of this study were employees of telecommunications companies in the digital financial services department. The questionnaire was distributed to all employees in the digital financial service department of a leading telecommunications company in Indonesia. The questionnaire was distributed to 100 employees. However, only 60 questionnaires can be used for hypothesis testing (the response rate of this study is 60%). Hypothesis testing using hierarchical linear regression. The three hypotheses proposed in this study are supported, namely (1) workload has a positive and significant effect on work stress (H1; p<.001); (2) work stress affects the intention to leave (H2; p<.001; and (3) work stress as a mediating variable in the relationship between workload and intention to leave the company (H-3; p<.001).


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