An evolutionary approach to the delimitation of labour market areas: an empirical application for Chile

An evolutionary approach to the delimitation of labour market areas: an empirical application for Chile. Spatial Economic Analysis. Labour market areas (LMAs) are argued to represent a more appropriate policy framework than administrative units for the analysis of spatial labour market activity. This article develops LMAs for Chile by applying an evolutionary computation approach. This innovative approach defines LMAs through an optimization process by maximization of internal cohesion, subject to restrictions of minimum levels of self-containment and population. To evaluate the appropriateness of the LMAs, comparative analyses are performed between alternative delimitations based on different parameter configurations of the proposed method versus administrative boundaries and the most widely used method for official LMA delimitation, the travel-to-work areas method.     

Wage and hour violations in urban labour markets: a comparison of Los Angeles,New York and Chicago

This article compares violations of minimum wage laws and other labour standards in New York City, Los Angeles and Chicago. Los Angeles has the highest violation rates, due to such factors as its industrial composition and disproportionately large number of small establishments, as well as its vast unauthorised immigrant population. In addition, Los Angeles’ higher rates reflect the stricter legal standards in California. We conclude that, although stronger workplace laws and regulations are crucial, in the absence of effective enforcement, they may fail to prevent workplace violations.     

On location: American capital and the local labour market in the Vancouver film industry

This article makes three contributions to the local labour market literature. Firstly, it provides an empirical example of the contours and dynamics of a unique local labour market. Secondly, it explores the degree to which the local labour market is shaped by external forces operating at the national and international scale. Thirdly, it considers the extent to which the local labour market can be conceptualized as a multi‐vocal social construct. These ideas are developed through a case study of union involvement in the Vancouver film industry. During the summer of 1997 there was a period of discord between the actors’ union in Vancouver, UBCP, and American producers, represented by the AMPTP. These tensions were exacerbated by the involvement of the Provincial Government, the local press and other vested interest groups. Using a variety of interview and documentary evidence, this dispute is used to illustrate the geographically specific and highly complex nature of local labour markets. Cet article réalise trois contributions aux travaux sur le marchré local du travail. Premièrement, il analyse un exemple empirique des contours et des dynamiques d’un marchré unique du travail local. Deuxièmement, l’auteur examine la contribution des forces externes (nationales et internationales) à l’organisation du marchré local du travail. Troisièmement, dans quelle mesure un marchré local du travail peut‐il étre conceptualisré comme une construction sociale à plusieurs discours? Ces points sont drévelopprés dans le cas d’rétude de la participation des syndicats dans l’industrie du film a Vancouver. Pendant l’rétré1997, il y eut une prériode de dissensions entre le syndicat des acteurs à Vancouver (UBCP) et les producteurs amréricains, reprrésentrés par l’AMPTP. Ces tensions rétaient aggravrées par la participation du gouvernement provincial, de la presse locale et d’autres groupes militants. A partir de diverses donnrées provenant d’entrevues et de documentation, ce conflit est utilisré pour illustrer la particularitré gréographique et la nature extrémement complexe des marchés locaux du travail.     

Immigration and occupational status: A study of Bangladeshi and Turkish fathers and sons in the London labour market

This paper examines the labour market experience of 300 fathers and 300 of their sons in the Bangladeshi and Turkish immigrant communities in various London boroughs in 1988. Probit estimates are made in relation to employment and unemployment, self-employment and employment, and upward mobility or lack of it. Human capital regressions are also run for each of the four groups and for the combined sample. The evidence is consistent with distinctive labour market experience among the various groups.     

Determinants of work organization in the modern firm: change and continuity in the Spanish labour relations

The host of statistical data on labour organization from the 2004 Encuesta de Calidad de Vida en el Trabajo (2005) will be used as a basis for using factorial analysis to identify the factors that determine how ‘modern’ companies organize their work according to business management literature. Workers' identification with their company seems to be the essence of a good part of business managers' objectives. The results of the research point to a continuity in a worker profile that largely corresponds to the Fordist model, with a few significant changes: the domain of some non-conflictive industrial relations which is settled on the value that is given to the good relationships with mates and managers and the flexible work-class positive assessment that allows to harmonize other life aspects.     

Transformations in- and outside the internal labour market: institutional change and continuity in Japanese employment practices

The weak performance of the Japanese economy since the 1990s has renewed the debate on the efficiency of its employment practices. Although actual changes have long trailed expectations, two major developments have taken place in recent years: a rise in non-regular employment and the introduction of performance-related pay (seikashugi). Both affect the internal labour market that has been crucial to human resource management in Japan. The first development diminishes its relevance and the second directly impacts its functioning. This paper discusses these changes and the factors that determine their character. Moreover, it argues that the changes are not just aligned with but also made possible by an important continuity in the support for the core practice of lifetime employment. What results is a story of institutional change and continuity which argues that the specific character of Japanese employment practices remains in spite of an apparent convergence.     

Labour flexibility and job market segmentation in Spain: a perspective from the labour demand side

The aim of this research is to conduct a quantitative analysis of the factors leading Spanish companies to adopt certain forms of organization that are typical of flexible businesses and high performance organizations. Despite the supposed inflexibility of the Spanish labour market, the results both point towards the high capacity of Spanish companies to select the form of work organization that best suits them and show the key role that competitive strategy plays when it comes to differentiating or segmenting types of work or workers, over and above the rigid working regulations that, purportedly, standardize labour relations in Spain.     

Participation in continuous,on-the-job training and the impact on job satisfaction: longitudinal evidence from the German labour market

A number of studies in the human resources literature acknowledge the importance of workplace training for inducing organizational commitment on the part of workers. However, small sample sizes and the absence of relevant panel data have raised concerns about the general validity of results and highlighted the need for further research to explicitly include on-the-job training as an important facet of job satisfaction. A similar empirical gap exists in the economics and industrial organization literature, where, despite the importance of both on-the-job training and job satisfaction to influence labour productivity, the relationship between the two has received surprisingly little attention. The aim of this paper is to bridge this gap in our knowledge and assess the impact of further training on job satisfaction in the western regions of Germany. We use data derived from the German Socio-economic Panel, which covers the period 1984 to 2002. Concentrating on full-time employed individuals, we focus in particular on the 1989, 1993 and 2000 interview waves, which include a number of questions on work-related training and offer detailed information on the type and duration of training received, and whether employers sponsored such training. The empirical results of the study provide information about the decision to participate in further training and the latter's impact on job satisfaction. Gender inequality issues in Germany's segmented labour market are explained by reference to discrepancy theory, equity theory, social exchange theory and the perception of a breach in the psychological contract between firms and female trainees.     

Social exclusion and labour market transitions: a multi-state multi-spell analysis using the BHPS

In this empirical paper, we assess how social exclusion arises in the context of labour market transition behaviour. We estimate a multi-state multi-spell competing risks model and identify five states: high skilled employment, intermediate skilled employment, low skilled employment, unemployment and out-of-the-labour market. Using data from the first seven waves of the British Household Panel Survey, we show that a substantial number of workers were trapped in a vicious circle of low-skilled employment, unemployment and inactivity in the 1990s. Workers who are part of the so-called flexible workforce are more likely to suffer social exclusion.     

Understanding online equity funding ecology: a comparison of the greater Los Angeles area and Silicon Valley

Quality & Quantity - Guided by the community ecology perspective and resource dependence theory, this study examines how organizational forms and resources co-influence the financial flow among...     

The managerial prerogative and the employee's duty to work: a comparative study of functional flexibility in working life

This paper presents a discussion of the general reasons for conducting comparative research, the need for a socio-legal functional approach and the motives for subjecting Swedish, English and German labour law to study. Anna Christensen's theory of the normative field of law is discussed and applied to the field of comparative labour law research. The focus of the research is the legal regulation of the managerial prerogative (especially the employer's right to direct and allocate work) in the light of the increasing trend towards greater flexibility in employment.     

Dynamic volatility spillovers between industries in the US stock market: Evidence from the COVID-19 pandemic and Black Monday

We examine the volatility spillovers among various industries during the COVID-19 pandemic period. We measure volatility spillovers by defining the volatility of each sector in the S&P 500 index and implement a static and rolling-window analysis following the Diebold and Yilmaz (2012) approach. We find that the pandemic enhanced volatility spillovers, which reveals the financial contagion effects on the US stock market. Second, there were sudden, large changes in the dynamic volatility spillovers on Black Monday (March 9, 2020), much of it due to the energy sector shock. These findings have important implications for portfolio managers and policymakers.     

Mortgage lending in Chicago and Los Angeles: A paired testing study of the pre-application process

In 2000, the Urban Institute paired African-American and Hispanic testers with whites and sent the pairs to visit lenders in Chicago and Los Angeles, in order to inquire about information on obtaining a home mortgage. In Chicago, African Americans and Hispanics systematically received less information and assistance than comparable whites; while in Los Angeles, the treatment of minority and white testers did not differ statistically from each other. Multivariate analyses for Chicago indicate that large lenders treat minorities more favorably than smaller lenders and that lenders with substantial numbers of applications from African-Americans treat African-Americans more favorably than lenders with predominantly white application pools.     

Questioning the use of ‘local democracy’ as a discursive strategy for political mobilization in Los Angeles,Montreal and Toronto

Between 1997 and 2002, homeowners in various parts of Los Angeles sought to secede from the City. At the same time, in Toronto, the province of Ontario forced the amalgamation of six municipalities forming a new megacity of 2.4 million. Residents mobilized for several months. In 2000, the province of Quebec forced the merger of 28 local municipalities in Montreal, forming a new city of 1.8 million. Angst came mostly from suburban Anglophone municipalities, where it was felt mergers would affect linguistic privileges. In the three cases, but stemming from different positions on the Left‐Right political spectrum, social actors claimed more local autonomy ‘in the name of local democracy’. Comparing these cases where institutional reforms and claims for local autonomy captured the political agenda, the article asks whether the use of ‘local democracy’ as a legitimizing tool for territorial claims may point to the emergence of a new generalized discursive strategy. Comparing variations in interpretations, and locating them in their respective local political cultures and in relation to the political positioning of claiming groups, highlights the processes by which socio‐political movements mobilize residents to their cause while avoiding accusations of NIMBYism. In the end, the article questions the moral tone attached to the expression ‘local democracy’.     

Host-country effects in coordinated,liberal and hybrid market economies: US subsidiaries in Switzerland,Germany and the UK

The paper addresses two as yet unexplored issues regarding the uptake of host-country employment relations practices, contributing to a better understanding of findings for hybrid host-market economies such as Switzerland. Host-country effects are differentiated by practices that belong to either industrial relations or education and training, as per the varieties of capitalism approach. There follows an investigation of the extent to which foreign subsidiaries' overall uptake of host-country employment relations practices is determined by the subsidiary incorporation type and size for practices related to industrial relations and education and training. Analyses of US subsidiaries in Switzerland, and, in contrast, those in Germany and the UK, on the whole support the propositions that distinguish between industrial relations and education and training-related host-country effects.     

Interaction styles of street-level workers and motivation of clients: a new instrument to assess discretion-as-used in the case of activation of jobseekers

This paper proposes a re-conceptualization and a measurement instrument for street-level workers’ interaction styles. Interaction styles are a relevant lens giving insight into how discretion is used and how street-level behaviour affects clients’ motivation and engagement. The re-conceptualization builds on a revision of May and Winter's interaction style concept from the perspective of the psychological self-determination theory. Data from 349 caseworkers of the Flemish employment service were collected via an online survey and analysed with factor and latent class analysis. Findings support a four-dimensional interaction style concept and reveal seven types of caseworkers along these dimensions.     

Predictability of bull and bear markets: A new look at forecasting stock market regimes (and returns) in the US

The empirical literature of stock market predictability mainly suffers from model uncertainty and parameter instability. To meet this challenge, we propose a novel approach that combines dimensionality reduction, regime-switching models, and forecast combination to predict excess returns on the S&P 500. First, we aggregate the weekly information of 146 popular macroeconomic and financial variables using different principal component analysis techniques. Second, we estimate Markov-switching models with time-varying transition probabilities using the principal components as predictors. Third, we pool the models in forecast clusters to hedge against model risk and to evaluate the usefulness of different specifications. Our weekly forecasts respond to regime changes in a timely manner to participate in recoveries or to prevent losses. This is also reflected in an improvement of risk-adjusted performance measures as compared to several benchmarks. However, when considering stock market returns, our forecasts do not outperform common benchmarks. Nevertheless, they do add statistical and, in particular, economic value during recessions or in declining markets.