The Relationship Between Education and Adult Mortality in the United States

Prior research has uncovered a large and positive correlation between education and health. This paper examines whether education has a causal impact on health. I follow synthetic cohorts using successive U.S. censuses to estimate the impact of educational attainment on mortality rates. I use compulsory education laws from 1915 to 1939 as instruments for education. The results suggest that education has a causal impact on mortality, and that this effect is perhaps larger than has been previously estimated in the literature.     

Moral Pragmatism as a Bridge Between Duty,Utility, and Virtue in Managers’ Ethical Decision-Making

Journal of Business Ethics - The decline of empirical research on ethical decision-making based on ethical theories might imply a tacit consensus has been reached. However, the exclusion of virtue...     

Supply chain risk analysis: a shipbuilding industry case

A lack of empirical studies on Supply Chain Risk Management (SCRM) is observed, especially in the industries of large projects. Therefore, this paper conducts a risk analysis on the Brazilian Shipbuilding Industry by generating an initial risk profile. A panel was conducted with executives from major shipyards, and the primary risks were identified, assessed, and evaluated. Findings corroborate the academic literature, reinforcing that companies recognise the importance of SCRM, but the concept is incipient and far from being successfully implemented in real life. Despite the fact that the shipyards identified important risks, the focus was on internal factors. Because the industry was exposed to risks from the external environment, no risk mitigation actions existed, resulting in the bankruptcy of many shipbuilders. This research is an initial step toward investigating SCRM techniques, offering academics a novel empirical approach that can serve as a systematic risk management tool for supply chain planning.     

Between Neoliberal Governance and the Right to the City: Participatory politics in Berlin and Tel Aviv

Based on a comparison of Berlin and Tel Aviv, this article investigates the ways in which ensembles of participatory instruments mediate between neoliberal urban regimes and political agency shaping differentially the meaning of participation and the types of claims that can be advanced. The article gives an overview of the recent history of both cities through the lens of participatory politics. Two in‐depth case studies further examine the relationship between participatory politics and claim making in each setting: the recent conflict over a social center in the district of Friedrichshain‐Kreuzberg in Berlin and the Levinsky tent city of 2011 in Tel Aviv. In the concluding section, the article suggests that, rather than assuming that participatory tools either co‐opt movements or can be appropriated by them, we need to rethink the relationship between participatory tools, rights and recognition, and ask how participatory structures and political agency constitute each other in interwoven dynamics.     

Credit risk,owner liability,and bank loan maturities during the global financial crisis

We relate credit risk and owners’ personal guarantees to bank loan maturities during the global financial crisis. The findings, which remain robust to reverse causality, show that firms rated as low risk, with a strong relationship with the bank, whose owners provided personal guarantees and with large loan sizes obtained longer maturities. Banks with larger nonperforming loans provided loans with shorter maturities. Firms with low‐ and high‐risk ratings that provided owners’ personal guarantees obtained longer maturities. These findings shed additional light on the relationship between risk and loan maturities and the role of personal guarantees in reducing information asymmetries.     

Regime-switching factor models in which the number of factors defines the regime

We develop regime-switching factor models in which the number of factors determines the operative economic regime. To illustrate the proposed methodology, we analyze the covariance structure of a widely studied set of 25 equity portfolios.     

Alternative Tourism Activities Management in the Argentinean–Chilean Great Lakes Corridor

Tourist and recreational use of natural and protected areas in Argentine–Chilean Great Lakes Tourist Corridor has experienced a remarkable growth during last years. Although total amount of use is still within these areas admission capacity, problems arise derived from intensive use in certain places, as well as visitors management concerns in considered critical areas. In this context, a research project was elaborated, approaching the problem of alternative tourism activites management, and focusing on aspects referred to their management and administration in the area of Binational Corridor. This paper refers to one of the dimensions considered in the project: alternative tourism activites demand in the Corridor. Starting from the classification of sustainable tourism niches done by Eagles (1994), a segmentation matrix was prepared and applied. Such analysis has important research, planning and market implications and is critical to the development of suitable services as well as to the design of appropriate management strategies and techniques for those institutions in charge of tourism planning in wilderness areas. Results are not only valid for those activities mentioned in the area of study, but also for other outdoor activities management in the context of North-Patagonian protected areas.     

On uniform convergence of undiscounted optimal programs in the Mitra–Wan forestry model: The strictly concave case

In this paper, we show that the 1986 Mitra–Wan result establishing asymptotic convergence of maximal programs to the unique golden-rule forest in the case of undiscounted, strictly concave felicity functions can be strengthened, in the same setting, to the  uniform  asymptotic convergence of  optimal  programs to the unique golden-rule forest. We work with a notationally reformulated version of the model that may have independent interest.     

Wage Determination Regimes and Pay Inequality: A comparative study of Latin American countries

The relationship between the degree of centralization of wage setting and labour market outcomes, generally discussed with reference to advanced OECD countries, is explored in this paper through the comparative analysis of eight Latin American countries, focusing on the effects of centralization on wage inequality. It is argued that the greater the decentralization of wage setting, the larger will be wage dispersion. The article starts with the presentation of the analytical model, and continues with the empirical study. This is divided into two parts. In the first, a number of institutional factors that contribute to define 'wage determination regimes' (collective bargaining structures; state intervention in wage setting; and union rights that determine union strength) are discussed, stressing the specific traits of centralization within Latin America, and the selected countries are scored in terms of those factors. In the second, the magnitude of wage dispersion across manufacturing industries is examined, and the resulting ranking of countries is contrasted with their ranking in terms of the institutional factors. It is concluded that, with some caveats, the degrees of centralization of bargaining structures and of wage inequality appear to be inversely associated, reproducing in the Latin American region the pattern found in OECD countries.