scholarly journals Capitalist Income and Hierarchical Power

2018 ◽  
Author(s):  
Blair Fix

This paper offers a new approach to the study of capitalist income. Building on the 'capital as power' framework, I propose that capitalists earn their income not from any productive asset, but from the legal right to command a corporate hierarchy. In short, I hypothesize that capitalist income stems from hierarchical power. Based on this thinking, I hypothesize that the capitalist fraction of an individual's income is a gradient function of hierarchical power (which I define as the number of subordinates under one's control). Using data from US CEOs, I find evidence that this is true. Furthermore, a hierarchical model of the United States that generalizes this data accurately reproduces many aspects of the US distribution of capitalist income, including the relation between income size and capitalist income fraction. This evidence suggests that the ownership structure of US society is closely linked to the hierarchical structure of firms. This has important implications for the study of income distribution.

2016 ◽  
Vol 17 (1) ◽  
Author(s):  
Lei Fang ◽  
Cara McDaniel

AbstractUsing data from the Multinational Time Use Study, this paper documents the trend and level of time allocation, with a focus on home hours, for the US and European countries. Three patterns emerge. First, home hours per person have declined in both the US and European countries over the past 50 years. Second, female time allocation contributes more to the difference in time allocation per person between the US and European countries than does male time allocation. Third, the time allocation between the US and European countries is more similar for prime-age individuals than for young and old individuals.


Author(s):  
Linh Le ◽  
Dongfang Nie

Research Question: Are controlled companies underperforming in the United States? Motivation: Anecdotal evidence shows that the average market capitalization of controlled firms increased from $8.3 billion in 2005 to $20.6 billion in 2015. Given the rapid increase in capitalization, the group of controlled companies has become an important player in the US capital market. However, little is known about controlled companies. Idea: We examine whether controlled companies are underperforming relative to non-controlled companies in the United States. Data: The data sample consists of 351 listed companies in the United States for the fiscal year 2014. Tools: 176 controlled companies were manually collected by performing the keyword search “controlled company” from the U.S. Securities and Exchange Commissions (SEC) website via “www.seekedgar.com/”. Specifically, we search “controlled company” from proxy statement DEF 14A. Each controlled company is verified after reading through the proxy statement. Findings: Using 176 controlled companies and 176 random sampled non-controlled companies, we find that controlled companies are underperforming compared to non-controlled companies. Contribution: To the best of our knowledge, we are the first to collect the group of controlled companies in the US and we are among the first to study how firm performs under the type II agency problem (Pantzalis et al. 1998). We contribute to the stream of literature on how ownership structure (e.g., family-controlled firms) affects firm performance (Anderson & Reeb, 2003). Consistent with the findings from family-controlled firms, we show that ownership structure affects firm performance. Out study sheds light on the important role of controlled companies in the US capital market.


Significance FCC Chairman Ajit Pai released a tentative agenda for the May consultations on April 27. Impacts The United States could attempt to export its new approach by supporting US ISPs with a market presence in other countries. The US example will also be deployed by local ISPs seeking to frame net neutrality as a constraint on their competitiveness. The debate could play to the disadvantage of Republicans if Democrats tie it to a broader theme of conservatives undercutting consumers.


Author(s):  
Margaret E. Peters

This chapter examines firms' willingness to support low-skill immigration by focusing on changing industry preferences in the United States. In particular, it considers preferences and lobbying on low-skill immigration by different sectors using data on which sectors testify before the US Congress on immigration and data on their lobbying behavior. The chapter first provides an overview of low-skill immigration policy in the United States before discussing the preferences of three different industries by looking at their trade associations: textile industry, steel industry, and agriculture. It analyzes how the willingness of these industries to lobby on low-skill immigration has changed with trade openness, international competition, firm mobility, productivity and technology adoption.


2021 ◽  
Vol 78 (3) ◽  
pp. 267-275
Author(s):  
Jonathon L. Wiggins ◽  
Mary L. Gautier ◽  
Thomas P. Gaunt

The official, parish-identified, Catholic population in the United States over the past forty years (1980 to 2019) has grown 40 percent, from about 48 million to over 67 million. Such a hearty rate of growth might lead one to assume that the Catholic population is increasing across all parts of the country. This growth, however, has been anything but uniform. From 1980 to the present, the Catholic population in some US Census regions—mostly in the South and in the West of the country—has experienced a boom, while in others—mostly in the Northeast and Midwest—it has experienced a bust. In this article, the growth or decline in the number of Catholics in each of the four US Census regions is explored, using data from the 2020 Faith Communities Today survey as well as data submitted by Catholic dioceses. These analyses give a more nuanced portrait of the Catholic Church in the United States, shedding light on both the challenges and opportunities the US Catholic Church is experiencing in 2021.


Author(s):  
Danielle Wallace ◽  
John M. Eason ◽  
Jason Walker ◽  
Sherry Towers ◽  
Tony H. Grubesic ◽  
...  

Background: Our objective was to examine the temporal relationship between COVID-19 infections among prison staff, incarcerated individuals, and the general population in the county where the prison is located among federal prisons in the United States. Methods: We employed population-standardized regressions with fixed effects for prisons to predict the number of active cases of COVID-19 among incarcerated persons using data from the Federal Bureau of Prisons (BOP) for the months of March to December in 2020 for 63 prisons. Results: There is a significant relationship between the COVID-19 prevalence among staff, and through them, the larger community, and COVID-19 prevalence among incarcerated persons in the US federal prison system. When staff rates are low or at zero, COVID-19 incidence in the larger community continues to have an association with COVID-19 prevalence among incarcerated persons, suggesting possible pre-symptomatic and asymptomatic transmission by staff. Masking policies slightly reduced COVID-19 prevalence among incarcerated persons, though the association between infections among staff, the community, and incarcerated persons remained significant and strong. Conclusion: The relationship between COVID-19 infections among staff and incarcerated persons shows that staff is vital to infection control, and correctional administrators should also focus infection containment efforts on staff, in addition to incarcerated persons.


Author(s):  
Sina Mohammadi

The purpose of the article was to examine the Trump administration's asylum policy applied to Central American and Latino applicants. The United States has grappled with refugee problems in recent decades, and in 2018 Trump signed an executive order to detain families seeking to immigrate to the United States without separating from one another. With this decree, a new approach was formed in the policy of the United States government, which emphasizes the severe restrictions on the entry of asylum seekers and immigrants. In the methodological, it is a documentary research close to hermeneutics. It is concluded that, although the United States government has cited security concerns as an excuse to restrict the entry of asylum seekers, especially Latinos from Central American countries, this political approach is in conflict with the national legislation of the United States that stipulates that any citizen Foreigner arriving at any point along the US border, or at official exit points, has the right to apply for asylum. Furthermore, the implementation of such a policy is contrary to the end of the 1951 Convention, which focuses on the protection of refugees without distinction.


Author(s):  
Alexander Bolton ◽  
John M de Figueiredo ◽  
David E Lewis

Abstract A defining feature of public sector employment in the United States is the regular change in elected leadership. We describe how these changes alter policy and disrupt civil servants’ influence over agency decisions, potentially shaping their career choices. Using data on careers from over three million federal employees in the United States from 1988 to 2011, we evaluate how administration changes influence turnover in a series of regression analyses. We find substantial stability in the civil service but also some pockets of responsiveness to political factors, particularly among career senior executives in agencies with views divergent from the president’s. A combination of factors, including transitions, policy priorities, and ideological differences, could increase turnover propensity for these employees by nearly one-third in some agencies over an administration’s first term. This has implications for understanding possible mechanisms linking politics and organizational capacity and for understanding how and for whom politics is influential in career decisions.


2005 ◽  
Vol 25 (1) ◽  
pp. 67-90
Author(s):  
Patrick James ◽  
Athanasios Hristoulas

Recent events in world politics raise Fundamental doubts about the reasons behind conflict, crisis and war. What, for example, causes a state to become involved in an international crisis ? In an attempt to answer that question, the present study focuses on the experiences of a leading member of the international System over a sustained period of time, specifically, the United States in the post-World War 11 era. Ultimately, in order to develop a more comprehensive explanation of activity by the United States in international crises, this investigation combines external factors with others from within the state. Following a brief review of the research program on conflict linkage, internal attributes with potential relevance to involvement by states in crises are identified. External influences on foreign policy, consistent with the tradition of realpolitik, also are specified. These elements then are combined in a model of conflict linkage. Using data pertaining both the US as a polity and an actor in the international System, propositions derived from the model are tested in the crisis domain. The study concludes with some recommendations for further research on the linkage of domestic and foreign conflict, with particular reference to the explanation of crises.


2021 ◽  
Author(s):  
Yoon-Sook Kim ◽  
Jin Kook Kim ◽  
Jae Hoon Cho

Abstract The purpose of this study was to investigate the differences in body image perception between young women in the United States and Korea. The study was conducted using data from young women aged between 20 and 40 who participated in the National Health and Nutrition Examination Survey (1999–2018) of the US and Korea. "Overweight" body image perception with normal body weight was considered underestimation. Overweight or obesity with a "normal weight" or "underweight" body image perception is considered as overestimating. The percentage of young women who were overweight or obese was about 60% in the US and about 20% in Korea. Twenty years ago, the percentage of young women who overestimated their weight in the US was 30.3%, before steadily declining. In Korea, it was 25.8% before rising to more than 41.9% in 2008. Of the overweight women, 32.6% in the US and 15.7% in Korea underestimated their weight 20 years ago, but since then, the percentage has gradually increased in the US and declined in Korea. Body image perception differed according to marital status and race. In conclusion, young women in the US tend to underestimate their weight while in Korea they tend to overestimate it.


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