Wissenschaftsjournalismus und Wissenschafts-PR im Wandel

People’s interest in science topics is increasing — as is the coverage of science topics in the media. New popular science magazines and science pages are founded, and science programmes are launched on television. This trend stems from the fact that science topics increasingly affect developments in society and people’s everyday lives, and that they arouse emotions and influence other social systems such as politics, the economy, culture, religion and sports. This article offers an analysis of current changes in science journalism and the public relations of science. A market analysis served as basis for telephone interviews with editorial executives and heads of public relations departments. The interviews focused on respondents’ views on the future of science communication, the handling of science topics in newsrooms, and on future qualifications of science communicators. Evidently, science journalism is becoming more current, more controversial and more entertaining. The study formed the basis of a concept of an interdisciplinary bachelor’s program. This is why the article also deals with the consequences for journalism education.     

Does sustainable investing reduce portfolio risk? A multilevel analysis

This study complements and extends prior research on the risk mitigation role of sustainable investing. We use a continuous measure of funds' sustainability traits, rather than a categorical approach, and assess impact on risk directly rather than by looking at fund performance in up versus down markets. We find that sustainable investing plays a significant role in mitigating total, systematic, and idiosyncratic risk of equity funds, even after controlling for other fund characteristics. Further evidence indicates that the explanation for the risk reduction role of sustainable funds largely runs through traits of the firms held in the funds.     

Inflation Targeting versus Nominal Income Targeting

In this paper we analyze two different target regimes, flexible inflation targeting and nominal income targeting, under discretion in a simple dynamic macro model. The key results of our paper are: First, for both targeting regimes optimal monetary policy response leads to a shock-dependent feedback rule. Second, a demand shock is completely offset by both monetary strategies. Third, in case of a supply shock there is a significant difference between the two different targeting regimes. Under inflation targeting the policy makers face a trade-off between inflation and output stabilization. This trade-off depends on the weight Φ the policy makers attach to output stabilization relative to inflation stabilization in the loss function. In contrast, under nominal income targeting policy makers face a constant trade-off between inflation and real output growth: an increase in inflation leads to a fall in real output growth by an equal amount. Furthermore, in Appendix A we analyze a (linear) commitment solution for inflation targeting and compare it with the discretionary case. Under commitment, inflation is smaller and the output gap is larger than under discretion. In Appendix B, we investigate inflation targeting in a two-period time-lag version of the model. The qualitative results on the trade-off between inflation and output growth remain the same as in the basic model without time lag. Received May 3, 2000; revised version received December 3, 2001 Published online: February 17, 2003     

A colonial legacy of African gender inequality? Evidence from Christian Kampala, 1895–2011

The colonial legacy of African underdevelopment is widely debated but hard to document. In this article, occupational statistics from Protestant marriage registers of historical Kampala are used to investigate the hypothesis that African gender inequality and female disempowerment are rooted in colonial times. We find that the arrival of Europeans in Uganda ignited a century‐long transformation of Kampala involving a gender Kuznets curve. Men rapidly acquired literacy and quickly found their way into white‐collar (high‐status) employment in the wage economy built by the Europeans. Women took somewhat longer to obtain literacy and considerably longer to enter into white‐collar and waged work. This led to increased gender inequality during the first half of the colonial period. However, gender inequality gradually declined during the latter half of the colonial era, and after Uganda's independence in 1962 its level was not significantly different from that of pre‐colonial times. The data presented here also support Boserup's view that gender inequality was rooted in indigenous social norms: daughters of African men who worked in the traditional, informal economy were less well‐educated, less frequently employed in formal work, and more often subjected to marital gender inequality than daughters of men employed in the modernized, formal economy created by the Europeans.