Round Table. From Lisbon to Porto: taking stock of developments in EU social policy: Social Europe 2.0? New prospects after the Porto Social Summit

The sequence of crises in the 2010s entirely changed the socio-economic context that had inspired the Lisbon strategy in the year 2000. EU policy veered towards austerity and social policy became an ‘adjustment variable’. Since the mid-2010s, however, a slow process of rebalancing has gained ground, culminating in the adoption of the European Pillar of Social Rights (EPSR) in 2017. The Porto Summit has confirmed the centrality of the Pillar for a new Social Europe. To appreciate fully the EPSR’s potential, it is necessary to focus not only on binding measures but also on EU incentives and actions aimed at promoting (and partially funding) concrete access to social rights. Especially through the ‘guarantee’ instrument, the EU can play a bigger and more effective role in the sphere of social citizenship, without stumbling into the political obstacles associated with hard law.

Connecting the Levers of Platform Control

Drawing from a transurban field research conducted in the ride-hailing sector in Paris and Brussels regions, this article investigates platformization as a productive model defined by the articulation of an outsourced labor regime with an algorithmic and data-driven type of management. Beyond the formal sharing of an independent contractor status, nuanced by a variety of positions including salaried work, platform drivers are unified in practice by their common economic dependence on platforms. This situation gives them the role of an adjustment variable in platforms’ commercial strategy, forcing them to raise their work time to adapt to the cost decreases in the mid-2010s, which dramatically reduced their income. To ensure a flexible flow into the workforce, platforms have favored the development of small intermediaries to outsource hiring and thereby skirt labor law and evade taxes. Market pressure is also enforced by its inclusion, with other productive goals such as service fluidity and quality, into a digital model of management inspired by lean production. The application is configured to operate as a device of technical and hegemonic control that incorporates just-in-time and intensification commands. Digital control is completed by the inclusion of a customer feedback system used to implement service standardization and further involvement in work.

Value Correlation of Deferred Income Tax In Industrialization

This paper collects 2670 deferred income tax samples from 211 listed industrial companies that have been surviving and continuously disclosing deferred income tax accounting information from 2007 to 2019. On the basis of ohlson model, earnings per share and net flow of operating activities per share are added as adjustment variables to analyze the impact of deferred income tax on stock prices. The results show that:(1) In the long run, DTAs are positively correlated with enterprise stock prices, while DTLs are negatively correlated with enterprise stock prices; (2) After adding the adjustment variable earnings per share, it is found that when EPS level is high, DTAs have a slightly downward negative impact on stock prices, while DTLs have little negative impact on stock prices. When EPS level is low, DTAs have a positive impact on stock prices, while lower earnings per share will accelerate the negative impact of DTLs on stock prices. (3) After adding the adjustment variable CFO, it is found that only when the CFO is sufficient, DTAs are really good news. It has a positive impact on stock price. If the CFO is poor, the positive impact of recognized DTAs on stock price is almost zero. In addition, when the CFO is high, the negative impact of DTLs on price will be accelerated.

Considering unemployment in Ecuador during the Great Depression

The Great Depression struck Latin America through the commerce: the reduction in revenues from the external commerce spread to the rest of the economy, resulting in the continue decreasing of the monetary supply. The Ecuadorian monetary policy until 1932, based on the gold standard, faced the phenomenon of deflation, which caused real salaries to grow. Since 1932, the monetary supply increased due to the abandonment of the gold standard, which caused real wages to decreased. In the same period, from 1928 to 1935, the primary data of the central offices of eight institutions shows that public employment decreased abruptly from 1928 to 1930, from 109.4 to 83.1 points (1927=100). After 1930, there was a quick recovery until 1932, and, from this point in time, it remained relatively stable until 1935. This article constructs, for the first time in the Ecuadorian historiography, an employment index which serves to see employment as the adjustment variable of the Great Depression.

Prevalence of Low Testosterone According to Health Behavior in Older Adults Men

Testosterone is a representative sex hormone for men, and low testosterone causes erectile dysfunction and cardiovascular disease. The purpose of this study was to investigate the association between low testosterone (LTT) and health behaviors, such as alcohol, smoking, and exercise habits. We included 2980 men aged 65 to 80. Total serum testosterone and body composition were measured. A testosterone level less than 300 ng/dL was defined as low testosterone. A questionnaire on smoking, alcohol, and exercise was included. The odds ratio (OR) of LTT was calculated through logistic regression. Model 1 only used age as the adjustment variable, whereas Model 2 adjusted for age, waist circumference, and smoking. The prevalence of LTT was 626 (21.0%). The prevalence of LTT was significant in fat mass (Model 1: OR, 2.133) and muscle mass (Model 1: medium OR, 2.130 and low OR, 3.022; Model 2: medium OR, 1.638 and low OR, 1.740). The prevalence of LTT was also different based on smoking (Model 1: OR, 1.590; Model 2: OR, 1.629) and strength exercise (Model 1: OR, 0.849; Model 2: OR, 0.923). In conclusion, high frequency strength exercise and smoking cessation lower the prevalence of low testosterone, and obesity and low muscle mass increase the prevalence of low testosterone.

Jump-Starting the Socialization Experience: The Longitudinal Role of Day 1 Newcomer Resources on Adjustment

We examine the newcomer adjustment patterns of 985 new hires at a Fortune 500 technology organization across their first year on the job. Data were collected from newcomers, their managers, and company records from organizational entry (employee’s first day) to the end of the first year of employment. We examined, first, whether newcomer resources (material, personal, social, and status resources) related to early newcomer adjustment levels (role clarity, task mastery, and acceptance) and rates of adjustment and, second, how newcomer resources and the rate of adjustment related to manager ratings of newcomer adjustment at 9 and 12 months post-entry. The average of every adjustment variable was higher at the latest data collection point, indicating that time was on newcomers’ side and was related, overall, to higher adjustment levels. Finally, we explored which resources related to the three newcomer adjustment indicators and the shapes adjustment trajectories took depending on resources at organizational entry. Results indicated that personal resources (proactive personality, optimism, and organizational knowledge) were related to early adjustment. Regarding material resources, having a work station ready the first day on the job was related to adjustment. For social resources, meeting one’s manager the first day on the job was related to early social acceptance. For status resources, greater newcomer job level was unexpectedly not related to early adjustment. We found partial support for the direct relationships between early adjustment levels or adjustment rates and manager ratings of adjustment at 9 months but limited support for manager ratings of adjustment at 12 months.

Policy lags and exchange rate dynamics in Nigeria: Any evidence?

The study investigates policy lags and exchange rate dynamics in Nigeria. The downswing in the Nigerian economy attributed to recurring exchange rate fluctuations justifies this empirical investigation. The period of investigation spans 1970 – 2016 and the data were obtained from the various issues of the Central Bank of Nigeria (CBN) Statistical Bulletin and the Annual Statistics of the National Bureau of Statistics (NBS). Anchored on the monetary theory of exchange rate, the Markov-Switching Dynamic Regression (MSDR) was employed as the technique of analysis. The findings show that the supply of broad money in Nigeria is endogenous in nature as it serves as the adjustment variable for the stabilization of exchange rate in the economy. Also, the results obtained indicated that changes in the exchange rate affect the overall government income and that the Nigerian economy is still foreign dependent. An expansionary monetary policy takes three (3) years to stabilize exchange rate in Nigeria while an expansionary fiscal policy only takes one and a half (11/2) years. By implication, monetary policy is half-effective as the fiscal policy. Besides, there is evidence of fiscal dominance in Nigeria. The study found two exchange regimes of fixed- and managed-float. More so, fixed exchange rate regime in Nigeria was just not persistent but that the probability of transiting to a managed-float regime was relatively lower.

How the Eurozone disempowers trade unions: the political economy of competitive internal devaluation

The marginalization of trade unions was a notable feature of the sovereign debt crisis in the Eurozone periphery. However, governments have recently imposed liberalizing reforms against union protests in the Eurozone core too. We argue that organized labour loses influence across the core-periphery divide because the ‘new economic governance’ puts national governments under enhanced pressure to compete against each other on wage and labour market flexibility—a process known as competitive internal devaluation. The article illustrates this argument through comparative quantitative indicators of liberalization and qualitative process-tracing in three core countries. Whereas Germany’s outstanding competitiveness position allowed its unions to extract significant concessions, their counterparts in France and Finland faced unprecedented defeats from governments aiming to restore economic growth by closing down the competitiveness gap to Germany. Our findings highlight the class power implications of the Eurozone’s reliance on the labour market as the main economic adjustment variable.

The Educational Project in the Context of High-Performance Sports

The requirements of performance sport are becoming more and more time-consuming for athletes. Based on the work of Rosa, the article looks into the ability of athletes to reconcile their training project and the increasing requirements of practice at a high level. To address this issue, we interviewed 63 high-level French athletes who train at the French Institute of Sport. The results show that although the training project appears to be time-consuming, it is nonetheless a source of social balance and a reassuring choice for their future professional retraining. In order to preserve this educational project in the time-consuming context of high-performance sports, athletes on the one hand implement strategies of arrangement in order to produce an acceptable timetable, and on the other hand use this temporality as an adjustment variable allowing them to better manage temporal emergencies. By giving athletes a voice, this work deconstructs the idea of the incompatibility of educational and sports projects and offers recommendations to sports institutions.

LA DEPRECIACIÓN DE 2014-2018: ¿TRUMP O DÉFICITS GEMELOS?

<p>Este trabajo utiliza un modelo GARCH-M para estudiar la media y varianza condicional del tipo de cambio peso-dólar. Mostró tres principales resultados: en primer lugar, que la presencia del gobierno del presidente Donald Trump no ha tenido un efecto sobre la dinámica del nivel medio del tipo de cambio; no obstante, sí afectó la volatilidad mensual del tipo de cambio durante el periodo de análisis. En segundo lugar, la dinámica de transmisión de un déficit fiscal a un déficit en cuenta corriente podría no cumplirse en México debido a que la tasa de interés no es incentivo suficiente para apreciar el tipo de cambio a través de la demanda del peso mexicano. Es decir, los incrementos en las tasas de interés no han tenido un efecto de apreciación del tipo de cambio. En tercer lugar, y desde nuestro punto de vista más importante, la depreciación del tipo de cambio fue ocasionada por la insuficiencia de financiamiento de déficits gemelos. </p><p> </p><p>THE 2014-2018 DEPRECIATION: TRUMP OR TWINS DEFICITS?</p><p><strong><br /></strong></p><p><strong>ABSTRACT</strong></p><p>This paper uses a GARCH-M model to study the exchange rate behavior during the period 2012-218. In the presence of twin deficits, and a lower level of sources of financing these, the exchange rate was the adjustment variable. The hostility of the President of the US towards Mexico increased volatility, though it did not have any effect on the exchange rate medium level.</p>