Transaction Costs, Economic Growth and Labor Supply

2003 ◽  
pp. 49-61 ◽  
Author(s):  
S. Malakhov
Keyword(s):  
Economic Growth ◽  
Labor Supply ◽  
Transaction Costs ◽  
Wage Rate ◽  
Substitution Effect ◽  
Economic Behavior ◽  
Imperfect Markets ◽  
Men And Women ◽  
Allocation Of Time ◽  
The Individual

The paper presents the model of allocation of time within dispersion of current prices and under uncertainty of future prices. It is argued that, with a given wage rate and a chosen level of consumption, the individual maximizes savings as the function of time of search. As a result, when the wage rate is increased, the substitution effect is limited by higher prices of imperfect markets, and the income effect is limited by inferiority of consumption goods. The model discovers some differences of economic behavior of men and women. The level of development of an economy also changes the economic behavior, which in its turn contributes differently to economic growth.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

scholarly journals THE ROLE AND BEHAVIOR OF THE INDIVIDUAL IN THE DEVELOPMENT OF SOCIAL CAPITAL

2021 ◽  
Vol 2 (1) ◽  
pp. 39-44
Author(s):  
Natalia Rіabinina
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
General Concept ◽  
Economic Behavior ◽  
Economic Changes ◽  
Economic Concept ◽  
The Future ◽  
Main Components ◽  
The Individual ◽  
And Behavior

At the intersection of the past and the future there is a point of present, which, due to external and internal socio-economic requirements, activates the subject himself, when uniting the sciences of economics and sociology, as well as psychology, philosophy and law, we see the development of a new scientific direction - social capital. Interdisciplinary and multi-vector methodological conception on development has the capabilities to use in all spheres of life, to develop a more productive and inclusive economy because it works directly with people and for people. The development of society and the formation of institutions of citizenship and economic growth are inherently connected with the new economic and social concept, which is an incentive for self-organization, and the establishment of interpersonal and intergroup relations, leading to a path of harmonization based on sincere help and trust. Formulation of the goals and objectives of the article (setting a task). A large amount of research on social capital, a wide and diverse direction of study directly inhibits the systemicity and orderliness of concepts and theoretical knowledge, so at the beginning of the study it is necessary to put problems, tasks, a place in the knowledge system and connection with other disciplines. The purpose of the study is to separate and determine the individuality of a person in the process of social capital, attitude and behavior of the individual and group at all levels of this concept, analysis, specifics and structural content of social capital. Methodology. During the research, to study and achieve the goal, the analysis of theoretical aspects and generalizations of scientific sources, dialectic cognition of the formation of social capital, revealed a kind of economic concept, methods of induction and deduction, abstraction of theoretical provisions and dialectic cognition were carried out. Results. The article raises the issue of the resource of socio-economic growth and improvement, on the basis of intergroup and interpersonal interactions and relationships at a high micro level, on the foundation of trust and cooperation between people, single work and development of state, economic, civic platforms. It is with humans that the mechanism of development, accumulation and effective use begins. The accumulation of individuality in the development of social capital of the economic system and the main components of social capital, such as trust and reliability, are studied. The analysis of economic behavior of the individual when making a rational decision in the world of economic changes is carried out. The practical component of the main provisions of the concept and levels of social capital, and its role in the general concept of the economic component can further develop and be used in the process of developing the analysis and development of the individual with individual behavior and personal decision-making. Value/originality. The theory of social capital itself is new and little-studied, so any vector of study and research gives a new impetus to interest and further development of the detection of theoretical aspects, generalization to definition and essence, outlining the main directions of development and formation for the future.

Governance and Corruption

2002 ◽  
Vol 19 (2) ◽  
pp. 1-33 ◽  
Author(s):  
Zafar Iqbal
Keyword(s):  
Economic Growth ◽  
Remedial Action ◽  
The West ◽  
Scientific Thought ◽  
Moral Virtues ◽  
Order Preference ◽  
Rational Understanding ◽  
Social Scientific ◽  
Character Building ◽  
The Individual

This paper compares the Islamic and the western social scien­tific perspectives on corruption. Jt is argued that the emerging shift in social scientific thought in viewing corruption from "grease that oils the economic wheel" to a "menace that under­mines economic growth" has brought rational understanding of the phenomenon much closer to [slamic doctrine. Where they differ is with respect to remedial action. The western approach focuses on governance and designing appropriate systems and institutions that gear information and incentives toward minimiz­ing opportunities and enticement for corruption. In short, it emphasizes constraints external to the individual. By comparison, Islam seeks to go beyond such constraints, and also instill in believers a clear "second-order" preference for non­corrupt behavior. lt recommends developing a firm belief in transcendent accountability, stresses character building through practicing moral virtues and shunning vices. In essence, much of the restraint comes from within through a moral renovation. rt is our contention that both emphases are important in eliminating corruption and that the followers oflslam and the West can learn from one another.

Economic behavior of households and their welfare: models and forms of interaction

2020 ◽  
pp. 3-8
Author(s):  
Maryana Bil ◽  
Olha Mulska
Keyword(s):  
Economic Growth ◽  
Social Protection ◽  
Well Being ◽  
Central Place ◽  
Economic Behavior ◽  
Human Potential ◽  
Modern Theory ◽  
Economic Behaviour ◽  
Theoretical Approaches ◽  
The Impact

The article defines the content of welfare as a measure of socially oriented efficiency of economic growth, which reflects the appropriate level of providing the population with material and spiritual goods with the formation of favourable conditions for human development and capitalization of human potential in a competitive mobile space. The modern theory of welfare testifies to the deepening of scientific discussions on the transformation of economic welfare into mobile and inclusive, as well as the opposition of competitive and social protection welfare policy. Another milestone in the evolution of welfare theory is the individualization of its provision. Conditions of competition and mobility increase the importance of households in providing their well-being with further reflection on the processes of economic growth of the community, region, and state. This gives grounds to actualize the issues of household welfare research and strengthening economic growth based on behavioural economics. The needs, interests, motives, and incentives determine the economic behaviour of households. At higher levels, it defines an economic culture that is closely linked to the national mentality. In this regard, the main models of economic and social behaviour of households – socialization, adaptation, integration, values, regulation, and the definition of financial development strategies are outlined. Theoretical approaches to the explanation of economic behaviour are generalized, namely religious-ethical, psychological, substantive theories, theories of motivations and acquired needs, process theories, theories of justice, and others. Based on the ideas of foreign scientists, the main determinants of the economic policy of households are proposed. Political, stabilizing, and economic determinants are distinguished in the group of general determinants. In the group of determinants directly related to households, the financial, demographic, cultural, social, empirical, and psychological are suggested. The author’s emphasis is placed on the importance of the impact of financial determinants of the households’ economic behaviour, the central place among which is occupied by savings.

Mary Wollstonecraft and Freedom as Independence

2017 ◽  
Author(s):  
Lena Halldenius
Keyword(s):  
Civil Society ◽  
Mary Wollstonecraft ◽  
Social Standing ◽  
Equal Rights ◽  
Men And Women ◽  
Moral Subject ◽  
The Individual

This chapter demonstrates how Mary Wollstonecraft (1759–97) uses feminist principles to modify and adapt the republican ideal of freedom as the absence of domination or dependence. It shows that, according to Wollstonecraft, freedom consists in the secure entitlement to act in accordance with the dictates of reason—a freedom that depends upon the possession of a certain social standing and the absence of a dominating master. Crucially, according to this chapter, freedom from domination is relational: it bestows a special status on the moral subject in relation to others. Freedom from subjugation thus gives the individual a certain empowerment, or certain entitlement, with respect to other members of society. The chapter ends by showing how Wollstonecraft takes this idea to its logical feminist conclusion: a call for the equal rights of men and women in civil society.

Sexist Humor in Facebook Profiles: Perceptions of Humor Targeting Women and Men

2015 ◽  
Vol 28 (1) ◽  
Author(s):  
Megan Strain ◽  
Donald Saucier ◽  
Amanda Martens
Keyword(s):  
Gender Norms ◽  
Men And Women ◽  
Women's Equality ◽  
Sexist Humor ◽  
The Individual ◽  
Society Research ◽  
The Way

AbstractDespite advances in women’s equality, and perhaps as a result of it, sexist humor is prevalent in society. Research on this topic has lacked realism in the way the humor is conveyed to participants, and has not examined perceptions of both men and women who use sexist humor. We embedded jokes in printed Facebook profiles to present sexist humor to participants. We manipulated the gender of the individual in the profile (man or woman), and the type of joke presented (anti-men, anti-women, neutral) in a 2×3 between-groups design. We found that both men and women rated anti-women jokes as more sexist than neutral humor, and women also rated anti-men jokes as sexist. We also found that men who displayed anti-women humor were perceived less positively than men displaying anti-men humor, or women displaying either type of humor. These findings suggest that there may be different gender norms in place for joke tellers regarding who is an acceptable target of sexist humor.

THE RELEVANCE OF RESEARCH ON INFERTILITY IN SOCIOLOGY

2020 ◽  
Vol 73 (1) ◽  
pp. 183-187
Author(s):  
B.Zh. Smagambet ◽  
◽  
F.M. Ashirbayeva ◽  
Keyword(s):  
Psychological Distress ◽  
Social Problem ◽  
Urgent Problem ◽  
Demographic Development ◽  
Men And Women ◽  
The Family ◽  
The Individual

The article considers the relevance of the study of infertility in sociology. A decrease in the fertility of men and women leads to a reduction in the reproductive capabilities of demographic development. The need for research is due to the fact that infertility in marriage is an urgent problem not only for the individual and the family, but also for society as a whole. The inability of spouses to have children leads to conflicts in the family, social and psychological distress, and an increase in the number of divorces, which is an urgent social problem.

scholarly journals Gender and Transaction Costs in Use of Zero Grazing Net for Tsetse Fly and Trypanosomiasis Control in Stall Feeding Systems in Kenya

2017 ◽  
Vol 7 (3) ◽  
pp. 96
Author(s):  
Jared Isaboke Mose
Keyword(s):  
Transaction Costs ◽  
Institutional Economics ◽  
Survey Design ◽  
Sampling Technique ◽  
New Institutional Economics ◽  
Tsetse Fly ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Men And Women ◽  
Zero Grazing

Trypanosomiasis is a widespread constraint in livestock production, mixed farming and human health in Africa. Several technologies have been developed to ameliorate the effects of the disease but delivery of these technologies to farmers has been undertaken on trial and error basis without a proper strategy leading to more failure than success and wastage of scarce resources. The purpose of this paper was to carry out an analysis of transaction costs incurred in accessing and using insecticide treated net in tsetse and trypanosomiasis control among smallholder cattle farms in Busia County, Kenya. The study utilized cross–sectional survey design and was guided by the New Institutional Economics approach and utilized stratified and simple random sampling technique to get 211 respondents for the study. Data was collected by use of structured questionnaires and analyzed using descriptive and inferential statistics. Conjoint analysis results for zero grazing net showed that cost was the most important factor influencing farmers’ decision, accounting for 38.52% of the total while durability and availability each accounted for 25% and retreatability accounted for 10% of the decisions. Further t-test results showed that there were significant differences between men and women with respect to attribute scores (at 99 d.f. and alpha = 0.05%) suggesting that men and women face different transaction costs in accessing T&T control technologies. Therefore there is need for gender sensitive strategies in T&T technology design and dissemination. Tsetse fly and Trypanosomiasis control by use of low cost technologies such as insecticide treated zero grazing net should be promoted by government and other development partners. The net should be affordable, available at supply outlets close to farmers, long lasting and re-treatable for famers to take it up.

Gender and Social Security: Some Lessons from Europe

2002 ◽  
Vol 4 (3) ◽  
pp. 227-239 ◽  
Author(s):  
Ann-Charlotte Ståhlberg
Keyword(s):  
Social Security ◽  
Labour Market ◽  
Old Age ◽  
Gender Inequality ◽  
Sickness Benefit ◽  
Men And Women ◽  
Dual Earner ◽  
The Family ◽  
Gender Neutral ◽  
The Individual

Different social security schemes affect men and women differently. This article compares the family or single earner model with the individual or dual earner model and examines their impact on gender inequality. However, even where social security schemes are designed to be gender neutral, when applied in a context that is systematically structured by gender, it points out that they will have a different impact on men and women. The article examines the ways in which supposedly gender-neutral rules, in sickness benefit, survivors' pensions and old age pensions have affected men and women in Sweden and concludes that, if countries wish to achieve equal economic outcomes for men and women, they will need to introduce measures to equalise men's and women's commitments to the home and the labour market, and to enable women to attain higher-paid jobs on the same basis as men.

scholarly journals Transnational Corruption and the Globalized Individual

2017 ◽  
Vol 15 (3) ◽  
pp. 732-753 ◽  
Author(s):  
Alexander Cooley ◽  
J. C. Sharman
Keyword(s):  
Real Estate ◽  
Transaction Costs ◽  
Capital Flows ◽  
Oecd Countries ◽  
Citizenship Rights ◽  
Financial Access ◽  
Key Informants ◽  
Cross Border ◽  
Main Components ◽  
The Individual

We present a new, more transnational, networked perspective on corruption. It is premised on the importance of professional intermediaries who constitute networks facilitating cross-border illicit finance, the blurring of legal and illegal capital flows, and the globalization of the individual via multiple claims of residence and citizenship. This perspective contrasts with notions of corruption as epitomized by direct, unmediated transfers between bribe-givers and bribe-takers, disproportionately a problem of the developing world, and as bounded within national units. We argue that the professionals in major financial centers serve to lower the transaction costs of transnational corruption by senior foreign officials. Wealthy, politically powerful individuals on the margins of the law are increasingly globalized as they secure financial access, physical residence, and citizenship rights in major OECD countries. These trends are evidenced by an analysis of the main components of the relevant transnational networks: banks, shell companies, foreign real estate, and investor citizenship programs, based on extensive interviews with key informants across multiple sites.

Sign in / Sign up

Export Citation Format

Share Document