How should monetary policy respond to changes in the relative price of oil? Considering supply and demand shocks

This paper examines optimal monetary policy in a New Keynesian model where supply and demand shocks affect the price of oil. Optimal policy fully stabilizes core inflation when wages are flexible. The nominal rate rises (falls) in response to the demand (supply) shock. With sticky wages core inflation falls (rises) in response to the demand (supply) shock. Impulse response functions from a VAR estimated with post-1986 U.S. data show minimal movement in core inflation in response to both shocks. The federal funds rate rises (falls) in response to the demand (supply) shock, consistent with the predictions from the theoretical model for policy that stabilizes core inflation.     

Who's got the balance? A study of satisfaction with the work–family balance among part-time service sector employees in five western European countries

Working part-time is frequently considered a viable strategy for employees to better combine work and non-work responsibilities. The present study examines differences in satisfaction with work-family balance (SWFB) among professional and non-professional part-time service sector employees in five western European countries. Part-time employees were found to be more SWFB than full-time employees even after taking varying demands and resources into account. However, there are important differences among the part-timers. Employees in marginal part-time employment with considerably reduced working hours were the most satisfied. Professionals were found to profit less from reduced working hours and experienced lower levels of SWFB than non-professionals. No significant differences in SWFB were found between male and female part-time workers.     

Joining UNISON: does the reform of a union organising strategy change how members perceive their recruitment?

Drawing on survey evidence collected between 2001 and 2012, this article examines whether changes in the organising approach of UNISON were reflected in changes in the routes of entry of new members into the union. The article shows that shifts in UNISON policy were marginal to the pattern of entry into the union. The implications of these findings for the concept and implementation of organising are subsequently reviewed.     

Between consultation and collective bargaining? The changing role of non‐union employee representatives: a case study from the finance sector

This article reviews the roles and activities of non‐union employee representatives (NERs) acting as forum officers in a large Internet finance company. Currently there is little academic coverage concerning NERs in this sector, including their contributions to employment relations, their motivations and orientations towards representative role and activities, or relations with management and fellow employees. An important precondition to answering one of the main questions asked of NERs is whether such representation constitutes the foundation of some nascent trade unionism, or whether by acting as forum representatives, they are positioning themselves to support management agendas and outlook? The range of data from this article's longitudinal case study, indicating time usage including individual and collective representation, suggests that NERs allegiances and roles remain ambiguous, existing as they do in the intersection between consultation and collective bargaining. An important factor may be their capacity for independent action and independence from senior management.     

What does it take to be (counted as) unemployed? The case of Spain

This paper analyzes the effects of the new European Commission regulation 1897/2000 which establishes a new definition of unemployment. It first examines the conditions that unemployed people have to meet in order to be deleted from unemployment by the new notion, to turn then to an application to the case of Spain, the first country where the new regulation was implemented. The paper then turns to study whether the very nature of the regulation is warranted, i.e. whether it is appropriate to delete passive job seekers from unemployment, on the basis of their labour market behaviour. The conclusion is that the new regulation does not capture the real complexities of the labour market.     

What is the effect of university education on chances to be self-employed in transitional countries?: Instrumental variable analysis of cross-sectional sample of 29 nations

We used a high-quality cross-sectional data set that covers a diverse set of 29 transitional countries, to find the effect of education of probability of people being self-employed using standard probit models and instrumental variable biprobit that address endogeneity. Our findings suggest a negative effect of university education on the propensity of being self-employed. This finding remains the same for the single-stage model (i.e. standard probit) and the instrumental variable model (i.e. biprobit). We found strong endogeneity in the estimation of education effect on the propensity of being self-employed, ignoring which renders estimations biased. Regression models, which do not address endogeneity tend to underestimate the negative effect of the education on the probability of being self-employed in the countries of transition. Researchers should use alternative approaches to reduce endogeneity, such as instrumental variables and longitudinal analysis.     

How to refuse a vote on the EU? The case against the referendum in the House of Commons (1974–2010)

Under what conditions do politicians oppose referendums especially to decide questions of European integration? Existing literature has identified reasons why governments and political parties pledge to hold non-mandatory referendums to ratify EU treaties or determine a country’s participation in the EU project, and some studies have analysed the effect of voter demand and attitudes towards EU referendums. This study examines the positions politicians themselves take towards popular participation in decision-making on the EU. The paper presents a summative content analysis of parliamentary debates in the United Kingdom between 1974 and 2010, tracing MPs’ arguments against using referendums to determine the UK’s participation in EU integration. Our results indicate that the range of claims made by MPs in the House of Commons against referendums on European matters has narrowed over time, although opposing arguments have continued to fall into the same set of four argumentative strategies. We find that institutional arguments, reflecting a Burkean understanding of representative democracy, consistently predominate over arguments that cite practical, political and manipulation concerns.     

Why in rugby union does “Toulouse” mean “to win”? Estimation of a production function of sports results (2011–2016)

The objective of this article is to understand more fully the determinants of sports performance. To do this, we estimate a production function of sports results that explains the results of the Toulouse rugby union team's matches expressed as the gap in points between it and its opponents. To the best of our knowledge, this is the first time that a production function has been estimated in rugby union. In addition, it is one of the few production functions specified at the match level. The study confirms the relevance of some variables already identified in the literature, such as home advantage, ranking, the role of the referee, and in‐match statistics. It also shows the influence of new variables, such as weather conditions and the relative strength of fielded teams measured by comparing the teams selected on match day to the ideal teams defined at the beginning of the season.     

The Significance of Historically Black Colleges and Universities (HBCUs) in the 21st Century: Will Such Institutions of Higher Learning Survive?

The United States is still dealing with institutional racism in higher education. For most of the past two centuries, African Americans were forced to attend segregated colleges and universities. Historically black colleges and universities (HBCUs) played a particularly important role during that long period. In many states, there would have been no institutions of higher education at all, were it not for federal legislation (the Morrill Act of 1890), the actions of religious institutions, and the persistent efforts of black Americans to gain an education, despite the obstacles. Even the seemingly race‐neutral G.I. Bill of 1944 had the pernicious effect of reinforcing racial segregation in both higher education and housing. Given this history, it comes as no surprise that some predominantly white institutions of higher education (PWIs) do not show a sustained commitment to educate African‐American students in this country, although they are often eager to recruit black student athletes for their various sport programs without much regard to the education received by those same athletes. Our inability as a nation to even talk intelligently about these intractable educational problems is disturbing. Indeed, diversity is not paramount for some PWIs, particularly in regards to hiring minority faculty. Perhaps more significantly, HBCUs are still necessary in our society today because they have been the mainstay of educating African Americans at the college and university levels. Black communities throughout our nation are still being devastated by economic polarization and by racial discrimination endemic to higher education at white institutions. The need to address the problem of racial discrimination in higher education remains as strong as ever.     

The StoNED age: the departure into a new era of efficiency analysis? A monte carlo comparison of StoNED and the “oldies” (SFA and DEA)

Based on the seminal paper of Farrell (J R Stat Soc Ser A (General) 120(3):253–290, 1957), researchers have developed several methods for measuring efficiency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s. Researchers have been attempting to develop a method which combines the virtues—both nonparametric and stochastic—of these “oldies”. The recently introduced Stochastic non-smooth envelopment of data (StoNED) by Kuosmanen and Kortelainen (J Prod Anal 38(1):11–28, 2012) is such a promising method. This paper compares the StoNED method with the two “oldies” DEA and SFA and extends the initial Monte Carlo simulation of Kuosmanen and Kortelainen (J Prod Anal 38(1):11–28, 2012) in several directions. We show, among others, that, in scenarios without noise, the rivalry is still between the “oldies”, while in noisy scenarios, the nonparametric StoNED PL now constitutes a promising alternative to the SFA ML.     

Environmental Sustainability assessment 2.0: The value of social media data for determining the emotional responses of people to river pollution—A case study of Weibo (Chinese Twitter)

Urban river pollution has brought about serious challenges to residents in terms of bodily health and emotional well-being. Based on a social media platform, Chinese Twitter (Weibo), this paper proposes a research framework to investigate the emotional responses of people according to four dimensions: trends, seasons, space and dynamics (TSSD). This study presents several important findings. First, negative responses were much more common than positive ones across all seasons, 22.8% and 9.2%, respectively, which means that river pollution adversely affects residents' well-being in general. Second, negative responses are likely related to local garbage piles, landslides, heavy rains, traffic jams, and demolition, while positive reactions are likely related to beautiful weather or spending time with family members. Third, summer and winter are more likely to induce negative emotions than spring and autumn, with the negative index of summer or winter approaching 80%. This study confirmed that social media data are of great value in measuring the behaviors and emotional responses of humans to their surrounding environment.     

Contractual networks: an organizational model to reduce the competitive disadvantage of small and medium enterprises (SMEs) in Europe’s less developed regions. A survey in southern Italy

International Entrepreneurship and Management Journal - Limitations faced by southern Italy’s small enterprises due to their dimensions may be overcome by cooperation strategies and network...