Social Issues and Socially Responsible Investment Behavior: A Preliminary Empirical Investigation

An important dimension of the ongoing trend toward greater corporate social responsibility is the emergence of individual and institutional investors who invest in companies that support social objectives. While a small number of studies have examined the criteria used by institutions, no studies have looked at individual investors. Using a mail survey of 4,000 investors in two mutual funds that incorporate social screens in their investment decisions, this study finds that compared with other investors, socially responsible investors are younger and better educated. Respondents most frequently identify environmental and labor relations issues when asked what defines socially responsible corporate behavior. Although the respondents value socially responsible behavior in companies they invest in, they are unwilling to sacrifice financial returns to achieve it.     

Investigation of Products Liability Attitudes and Opinions: A Consumer Perspective

The area of product safety and products liability legislation has been the subject of a great deal of academic research. Policymakers and business executives have been surveyed to determine their attitudes toward liability and product safety concerns. In addition, a substantial amount of research has focused on the impact of products liability trial outcomes on business and public policy. However, there are relatively few studies reporting opinions, attitudes, and predispositions of consumers regarding relevant liability topics. This article explores the consumer perspective on several critical questions relating to products liability and product safety. The results indicate a wide divergence of opinion exists among consumers on key issues shaping current trends in the products liability legal environment. Implications for consumers, business, and public policy are discussed.     

OCCUPATIONAL ATTAINMENT OF MEN IN BRITAIN

The occupational attainment of men aged 33 is examined usinglongitudinal cohort data. We find that family background andearly child development has a much stronger effect on occupationalattainment than found in previous studies for Britain. Testsin maths and reading taken at age 7, 11, and 16 provide importantinformation regarding the likelihood of occupational success.Our results appear to be insensitive to whether we measure attainmentusing mean earnings or occupational status. Failure to controlfor unobserved person-specific fixed effects causes significantdownward bias in estimated returns to educational qualificationsacquired after age 23.     

Earnings and Occupational Attainment among Immigrants1

This paper examines the determinants of occupational attainment and the impact of occupation on earning among foreign‐born men using the U.S. 2000 Census. Years of schooling and proficiency in English are the key factors determining access to high‐paying occupations among immigrants. Foreign labor market experience, however, has a negative impact on current occupational status, especially among those in high‐status jobs, due to the limited international transferability of skills acquired on the job.     

Factors Related to Employees’ Desire to Join and Leave Unions

Regression analyses based on a sample of 3372 nonunionized and unionized employees showed that, while the desire to join a union is associated with a wide range of work attitudes, perceived company performance, and facets of satisfaction, one's desire to leave one's union is associated with a narrow range of economic concerns. Implications of the findings are discussed in light of the declining unionization rate in the United States.     

The Development and Implementation of the Concept of Consumer Education

With the recent upsurge of emphasis in consumer education at the State and Federal government levels, consumer educators need to review the historical roots of the current movement to develop a broader perspective for planning future directions in consumer education. It is also necessary to understand the two orientations (buymanship and life goals) towards consumer education course content. Finally, a review of previous research into factors that influence the level of consumer economic competency is required.