Einzelbesprechungen

Ohne Zusammenfassung     

COVID-19 and OECD Labour Markets: What Impact on Gender Gaps?

Across the board statements on who suffers most are not helpful and may actually be a disservice to the fight for greater gender equality.

     

Futures prices as risk-adjusted forecasts of monetary policy

Many researchers have used federal funds futures rates as measures of financial markets’ expectations of future monetary policy. However, to the extent that federal funds futures reflect risk premia, these measures require some adjustment. In this paper, we document that excess returns on federal funds futures have been positive on average and strongly countercyclical. In particular, excess returns are surprisingly well predicted by macroeconomic indicators such as employment growth and financial business-cycle indicators such as Treasury yield spreads and corporate bond spreads. Excess returns on eurodollar futures display similar patterns. We document that simply ignoring these risk premia significantly biases forecasts of the future path of monetary policy. We also show that risk premia matter for some futures-based measures of monetary policy shocks used in the literature.     

Gangs of Chicago: Perceptions of Crime and its Effect on the Recreation Behavior of Latino Residents in Urban Communities

Perception of safety is an important factor affecting the leisure behavior of Latinos residing in urban neighborhoods. Yet research on how fear of crime and fear of gangs in particular affect leisure of ethnic and racial minorities is underdeveloped. The objectives of this study are to examine how gangs operate in recreation spaces in Latino neighborhoods, how gangs affect the use of outdoor recreation environments and how Latinos respond to these issues. The study is based on focus groups conducted with Latino residents in Chicago. Findings indicate gang members are almost constantly present in parks, which serve as spaces for drug use and distribution. Moreover, gangs operate in other areas of the neighborhood making it unsafe to access parks. Participants employ strategies to address the gang problem including avoidance, protective and collective behaviors.     

Does foreign direct investment transfer technology across borders? New evidence

Based on industry-level data of seventeen OECD countries we examine FDI as a potential channel for knowledge diffusion. We find that FDI-receiving countries benefit strongly from FDI-related knowledge spillovers. We do not find evidence for positive outward-FDI-related technology sourcing effects.     

Team autonomy,organizational commitment and company performance – a study in the retail trade

The study focuses on the relationship between perceived team autonomy and company performance through highlighting organizational commitment as a mediating factor in this relationship. Data collected in 2007 came from 25 small-sized companies in the retail trade, covering both the employer and employee levels (n = 369). This study aims to shed light on the following questions: first, is team autonomy associated with organizational commitment and company performance? Second, does commitment mediate the relationship between team autonomy and company performance? Results indicated that team autonomy was both directly and indirectly positively associated with company performance. Furthermore, organizational commitment partially mediated the relationship between team autonomy and company performance. Theoretical and practical implications of these findings are discussed.     

Executive career advancement in career moves across employers: the role of organization-level predictors

This paper examines the career moves of executives between different organizations and looks at the characteristics of executives employing organizations as a predictor of the outcome of the moves. The paper uses a retained executive search firm's proprietary data set that contains information on the career paths of executives in the financial services industry. The results show that the perceived operational excellence of executives employing organization has a significant signalling power for other employers and strongly impacts the success of executives' moves across different organizations. The data also reveal that executives may use their employment spell at large-sized organizations that are perceived as excellent as a conscious career-building mechanism and accept smaller promotions to join such organizations.     

Impacts of diaspora travel on ethnic identity development among 1.5 generation Korean-American college students

This research project was designed to explore the impacts of the most recent trip to Korea on ethnic identity development among 1.5 generation Korean-American college students. The study employed 18 in-depth semi-structured interviews with Korean-American college students at a major university in the Midwest, USA. The data collection was conducted between December 2010 and February 2011. The findings of the study revealed that Korean-American college students exhibited different levels of ethnic identity prior to their most recent trip to Korea and described themselves as either Koreans, Korean-Americans, or Americans. Travel to Korea played important roles in (re)developing their ethnic identity. Those who identified themselves as Korean prior to the trip either confirmed their ethnic identity or changed their identity to Korean-American. Those who considered themselves Korean-American retained their ethnic identity, while those who thought of themselves as American altered their identity to Korean as a result of the travel.     

Natural Environments and Leisure among Rural–to–Urban Immigrants: An Application of Bourdieu's Concepts of Habitus,Social and Cultural Capital,and Field

This study explored the use of natural environments for leisure among rural-to-urban immigrants by adopting Bourdieu's concepts of habitus, social and cultural capital, and field. Data were collected with the use of individual interviews with 27 participants, including Mexican immigrants in the United States, Ukrainian immigrants in Poland, Moroccan immigrants in the Netherlands, and Turkish immigrants in Germany. The findings showed that for some immigrants, practices of social capital maintenance became disconnected from recreation in natural environments, while for all participants, nature-related cultural capital had low transferability in a migratory situation. Depending on their position in a new social field, immigrants developed different strategies to use local natural environments for leisure. Some strategies contributed to preserving old habitus, while one strategy (finding substitutes) contributed to gradual changes in immigrants' nature-related habitus. We suggest that embodied and emplaced skills of using nature should be incorporated in the notion of cultural capital.