The impact of technology and trade upon the returns to education and occupation

This paper considers how technological change and globalization has influenced the return to education and occupation in Great Britain over the period 1973 to 1994. A number of papers in the literature have documented increasing demand for individuals who possess higher skill endowments than their peers. Both education and occupation can be interpreted as an individual's observable skills and how technology and trade have actually influenced returns to different educational and occupational levels is something that has not been investigated in Great Britain. For the empirical analysis estimates are based upon pooled cross sections over time and also pseudo panel techniques to control for unobservable heterogeneity.     

Revitalizing Inner‐City Neighborhoods in the United States

Books reviewed in this article: Ronald F. Ferguson and William T. Dickens ,(eds.) Urban problems andcommunity development Michael R. Greenberg, Restoring America's neighborhoods: how local people make a difference W. Dennis Keating and Norman Krumholz, (eds.) Rebuilding urban neighborhoods: achievements, opportunities and limits John Kromer, Neighborhood recovery: reinvestment policy for the new hometown William Peterman, Neighborhood planning and community‐based development: the potential and limits of grassroots action     

C. Van Tuyckom, & K. J?reskog, “Going for gold! Welfare characteristics and Olympic success: an application of the structural equation approach.” Quality & Quantity (in press)

Winning medals at the Olympic Games has become an objective that countries worldwide want to achieve. In line with research devoted to the predictors of success, the present article examines the connection between certain welfare characteristics (political, social, and economic development) and the probability of success in the 1984 and 2004 Olympics. We expected to find that structural macro conditions still predict Olympic success. Using welfare indicators as formative instead of reflective indicators (Bollen, Qual Quant 183: 77–85, 1984, p. 65), the results of our Structural Equation Model reveal that both economic and social development had an effect in 1984, as well as in 2004. Political development was only significant in 1984. As for the control variables, population size was significant in both 1984 and 2004. Sporting tradition and geographical conditions had no effect at all. The model fit is very good with a chi-square of 6.62 with 5 degrees of freedom (p =  0.25).     

More long-term care for better healthcare and vice versa: investigating the mortality effects of interactions between these public sectors

Public healthcare (HC) and long-term care (LTC) sectors coexist in several OECD countries. Economic interactions between these two sectors have been found to occur even in the absence of formal integrated care arrangements. We investigate whether and how interactions between the HC and LTC sectors impact mortality. We analyse data on English local authorities in 2014–15 and employ a sequence of cross-sectional econometric specifications based on instrumental variables to identify the effect that LTC expenditure has on mortality through its interactions with HC services, and vice versa. Our findings suggest that any effect of LTC expenditure on mortality is likely to run through the HC sector by allowing the latter to reallocate resources from less to more effective services. A 10 per cent increase in LTC expenditure per user can indirectly save, on average, about three lives per million individuals. In addition, on top of the known HC direct mortality effects, we find that investing an extra £42 million in the HC sector – equivalent to a 10 per cent increase in HC expenditure per capita for the average local authority – can decrease the use of LTC services, producing around £7.8 million of savings. These can generate mortality effects if invested in services having an impact on mortality.     

Who Will Shape the New World Order?

Intereconomics - The economic consequences of the war could potentially be used to postpone climate policy, energy saving and the shift to renewable energy. This includes investments in atomic...     

Bureaucrats or Markets in Innovation Policy? – a critique of the entrepreneurial state

The Review of Austrian Economics - This paper takes stock of recent suggestions that the state apparatus is a central and underappreciated actor in the generation, diffusion and exploitation of...     

Seasonalities in the German stock market

Financial Markets and Portfolio Management - This paper suggests innovative investment strategies drawing on return seasonalities. By means of an out-of-sample study of the German stock market, we...     

A Deeper Union: From a Failed Project to the European Quality Lead

Intereconomics - After President Trump’s departure, many expected that the transatlantic partnership would return to its previous state with the US playing a leading role. This article...     

Sensemaking,Organizing, and Surpassing: A Handoff*

In this essay, I reflect on the intellectual influences that led to the genesis of the Social Psychology of Organizing and assess the way forward. I stress that the Social Psychology aspired to provide an outline of an organizational epistemology. I particularly focus on the interplay between experience and understanding, highlighting the following features: self-validating prophecy, partiality toward similarity, ambivalence between belief and doubt, and understanding as ongoing accomplishment. I conclude with a discussion of the three papers published in this Special issue.