Health care's future? Look to the past

Although health care is changing, and probably always will be subject to change, there are certain basic themes present at the founding of the U.S. health care system that remain important today. Although these themes could be seen as working against each other, proper attention to both might lead to a "marriage" that could optimize the system and provide, if not a solution, at least a workable system for health care.     

What is Climate Change Policy Now Trying to Achieve?

Almost all advocates of international climate change policy hope and expect that the Climate Change Conference to be held in Paris in November–December 2015 will reach an agreement to reduce global anthropomorphic greenhouse gas emissions. Yet more than 25 years of international climate change policy has failed to reach such an agreement; emissions, far from having been reduced, have greatly increased. In the author's view, no such agreement will be reached in Paris. Anticipating this, Lord Stern, a highly influential figure in international climate change policy, has restated the case for continuing with this policy while relinquishing the objective of reaching such an agreement, though it had previously been claimed that this was essential to ‘save the world’. Advocating the continuation of climate change policy while disavowing a formerly acknowledged condition of its success seems to represent a further stage in the abandonment of rationality in climate change policy formulation.     

Self-directed work teams: the wave of the future?

Although teams are currently a popular means of solving work force needs in health care, there has been little use of self-directed work teams--autonomous units without a front-line manager and empowered to control their own work. This article analyzes key differences between self-directed work teams and traditional teams, looks at three cases in which self-directed work teams were implemented, and discusses some of the barriers to the formation and use of self-directed work teams.     

Mission impossible? The boss wants to double our inventory turns.

Despite the prolific implementation of manufacturing systems, JIT principles, Kaizen events, and cycle time reduction programs over the past few years, high inventories still plague many companies. The assumption that implementing these principles and techniques will automatically result in inventory levels that satisfy management frequently proves to be false. Events like mergers, introduction of new competition, and a dropoff in business often trigger edicts to cut inventories. The cost of inventories also extends beyond the traditional accounting measurements to include hidden operating costs that everyone should want to eliminate. This article looks at the reasons for inventories and explores strategies for reducing them.     

The future of the CAP? Problems and Proposals

The CAP has been both a corner-stone and stumbling-block for the European Union. Agenda 2000 is proclaimed by the European Commission as a radical change in the policy to meet the challenges of the new millennium. However, this Agenda still does not resolve the fundamental problems facing the policy. It is time for some genuine leadership to be displayed through the development of a serious and relevant strategy of reform for one of the founding policies of the Union.     

Who will be a good employee in the future?

This article examines the attributes necessary for the successful employee in the future. Many of these are already familiar to the manager: flexibility and adaptability, a team approach, and the ability to see the bigger picture. Implications for the educational process and its development of successful employees are also presented.     

Does home owning smooth the variability of future housing consumption?

We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner’s house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth before the move. Using Census micro-data, we find that the cross-sectional variation in house values subsequent to a move is lower for home owners who moved between more highly covarying cities. Our preferred estimates imply that an increase in covariance of one standard deviation reduces the variance of subsequent housing consumption by about 11%. Households at the top end of the covariance distribution who are likely to have owned large homes before moving get the largest reductions, of up to 40% relative to households at the median.     

Which implied volatility provides the best measure of future volatility?

The volatility smile/skew phenomenon makes it unclear which implied volatility provides the best measure of the market volatility expectation over the remaining life of the option. Due to the high liquidity of at-the-money option and the low sensitivity of its implied volatility to the price error, the at-the-money implied volatility is often considered a good measure of future volatility. In this paper, we raise the question: is at-the-money implied volatility the best we can do? We provide in this paper an analytical rationale that the implied volatility from option with highest vega outperforms the at-the-money implied volatility in terms of forecasting ability, especially for long forecasting horizons. Our empirical findings are consistent with our theoretical argument.     

Using the past to map out the future of occupational health and safety research: where do we go from here?

Abstract

The purpose of this study is to take stock of the extant research on occupational health and safety (OHS) with the aim of identifying gaps and mapping out a future research agenda for human resource management (HRM) scholars. A comprehensive review of OHS research from 1956 to 2019 was first conducted. A total of 564 articles from 17 leading journals were then identified and categorized into five distinct, yet inter-related, themes: (1) antecedents and work-related factors influencing OHS; (2) industrial policy and regulations surrounding OHS; (3) OHS management practices; (4) approaches to, and models of, managing OHS and (5) outcomes of OHS management. The review also discusses OHS research methodologies and design foci. Overall, we found that OHS research is poorly integrated into the field of HRM, and we identify a plethora of opportunities for HR researchers to add value to this field of research. A future agenda is formulated, encompassing new OHS theory-building, novel directions for empirical research, and innovations in research design and methodology.     

Whatever happened to the Quadro Fedele?

The English language version of the Fourth Directive included a general clause that the accounts of a company should give a true and fair view. The same article 2 (3) of the Italian version of the directive called for the accounts of a company to give a quadro fedele. Several years later the directive was incorporated into Italian law, but, departing from the term used in the Italian version, called instead for the accounts to give una rappresentazione veritiera e corretta. This paper shows that since it first appeared in Italian law in 1983 there has been no homogeneous understanding in Italy among legal experts as to the meaning of a quadro fedele and that it was ultimately replaced in the 1990s with the rappresentazione veritiera e corretta because it failed in the mind of the legislators to reproduce in Italian the perceived spirit of the British version.     

Is the tax administration just a money machine? Empirical evidence on redistributive politics

Personal income tax represents the main source of tax revenue in any developed country. In this paper, we analyse how efficiently this tax is administered in the Spanish case. While we find that the managerial (or net) efficiency of the tax administration was very high for the period 1993–2002 (95.9%), our main aim here is to identify the determinants of this. Interestingly, political factors are found to play a role. Specifically, the fear of losing a parliamentary seat in a region forces the tax authorities to reduce their efficiency in ensuring tax compliance in that region (“swing voter model”). Additionally, in those electoral districts where the central government obtains higher electoral support the efforts to collect taxes diminish (“core voter model”). However, the former political effect tends to disappear when the central government holds a sufficient majority in the central parliament. Thus, we find empirical evidence on redistributive politics in tax administration.     

Community fundraising 2.0—the future of fundraising in a networked society?

• Over recent years, individual donor fundraisers worldwide have seen the beginnings of a dramatic shift in the way that consumers react to mass fundraising communications, resulting in many of the ‘interruptive’ direct marketing approaches on which individual donor fundraising programmes are traditionally reliant delivering worse and worse returns. This paper examines how the growth of a networked society of increasingly sophisticated and independently informed consumers has contributed to this shift; illustrates how the rise of Web 2.0 has accelerated its impact and considers how individual donor fundraising may have to evolve to more effectively respond to this in the future.

Copyright © 2009 John Wiley & Sons, Ltd.     

Is the housing market set to fall?

Some analysts have suggested that house prices are set to collapse, particularly in the London area. These conclusions are generally based on a rather simple analysis of house price to income ratios. We argue that this is misleading and there is little evidence to suggest a collapse in the market.