Late Entry in Swedish Tertiary Education: Can the Opportunity of Lifelong Learning Promote Equality Over the Life Course?

In this article, I investigate the relation between economic inequality and the decision to take up studies at the tertiary level late in life. Who exactly decides to enrol? Is it advantaged or disadvantaged groups in terms of current earnings rank, occupation, unemployment experience and social origin? Using unique register data of university applications and discrete time hazard regression models, the results show the likelihood of a late entry to be especially high for individuals who are disadvantaged to a moderate extent in terms of current earnings rank and also with some unemployment experience. Class differences in the transition to tertiary education decline with age. This suggests, with a moderate amount of simplification, that lifelong learning tends to promote both intra‐ and intergenerational equality.     

Reger Austausch von Wissenschaftund Praxis zur Zukunft des Controllings

PRAXIS | Magazin

Reger Austausch von Wissenschaftund Praxis zur Zukunft des Controllings Konferenz-Preview     

Reserve risk estimation in a linear model

This paper presents the linear model, a framework for stochastic modeling of known methods as well as for the development of new methods of loss reserving. The linear model allows the determination of optimal predictors of non-observable cumulated and incremental losses and thus the derivation of optimal reserves by minimization of the expected squared prediction error.     

Labor Market Integration and Its Effect on Child Labor

This note demonstrates that when developing countries remove barriers to migration and integrate their labor markets, children may be driven out of schools and into informal or paid employment in the comparatively rich countries. In industrialized countries, the same mechanism might drive families into social security or government-subsidized jobs.     

Modeling the Impact of Advertisement‐Image Congruity on Applicant Attraction

This study examines the effects of the perceived congruity of recruitment advertisements and organizational image on organizational attractiveness. Based on Mandler's schema congruity theory (1982) and on recruitment research, we developed hypotheses and tested them on a sample of 1,091 individuals. The results show that recruitment advertisements that conform to the organization's image show a higher degree of attractiveness to applicants, particularly because these advertisements have higher resulting credibility than advertisements with low congruity. Furthermore, applicants’ level of familiarity with the organization moderates the relationship between congruity and organizational attractiveness, as congruent recruitment advertisements lead to more positive effects for well‐known organizations. This suggests that highly recognizable organizations should use congruent advertisements to unleash the full potential of their recruitment efforts. © 2015 Wiley Periodicals, Inc.     

Potential and recognized boundary spanners in multinational corporations

Boundary spanners play an important role in multinational corporations (MNC), yet it is unclear who these valuable individuals are and why certain individuals, and not others, perform this role. We advance a ‘recognition’ perspective based on whether and how relevant others on both sides on the boundary experience positive impact. A dynamic integrated mixed method analysis of 118 individuals involved in headquarters-subsidiary interactions in four MNCs, shows that only a minority are ‘recognized boundary spanners’, experienced by others to positively impact intergroup relations. We identify different categories and mechanisms of recognition, and make a methodological contribution by integrating qualitative and quantitative analysis.     

The internationalization of Chinese companies: Firm characteristics, industry effects and corporate governance

A prominent issue in the internationalization of Chinese firms is that many are state-owned enterprises (SOEs) and that corporate governance in China is highly idiosyncratic. This paper identifies firm characteristics, industry effects and corporate governance mechanisms that foster internationalization. We find that Chinese cross-border mergers create shareholder value, but not more than domestic expansions. Corporate governance mechanisms matter, jointly and individually. While state-ownership predicts fewer cross-border mergers, a favourable board structure and corporate transparency explains higher M&A returns. As in more mature markets, firm- and industry-specific determinants also affect M&As in China.     

Population uncertainty in contests

Summary. We study contests where the set of players is a random variable. If it is known for certain that there will be at least one participant, then aggregate contest expenditure in equilibrium is strictly lower in a contest with population uncertainty than in a non-uncertain contest with the same expected number of players. This suggests an explanation of, for example, why empirical studies show rent-seeking expenditures to be much lower than predicted by other theories.Received: 29 June 2003, Revised: 14 December 2004, JEL Classification Numbers: C72, D44, D72, D82, K41. Correspondence to: Karl Wärneryd     

Pflegereform 2010: Karenzzeiten in der Sozialen Pflegeversicherung

As current research as well as current data reveal, the German long-term care insurance (LTCI) is expected to run a deficit in 2012. Additionally, further expenses will result due to the newly conceptualized definition of long-term care needs—in future, five instead of three care levels are to meet the needs of LTC patients. Accounting for the demographic turbulence ahead, the German LTCI is in urgent need of a broad reform. The paper suggests a reasonable transition from the current pay-as-you-go system to a partly funded strategy thereby accounting for the burden each generation is confronted with. With the help of generational accounting, we demonstrate that a certain waiting period (Karenzzeit) until LTC benefits are granted achieves an intergenerational balance. This reform proposal stems from the analysis of the length of stay in LTC.     

Effects of coordinated strategies on product and process R&;D

Using a game theoretical model on firms’ simultaneous investments in product and process R&D, we advance and empirically test hypotheses on the role of externalities on the optimal R&D portfolio of cooperating firms and independently competing firms. We use Community Innovation Survey data on 3,696 Italian manufacturing firms. In line with our model we find that members of a group of firms invest significantly more into product, process, and aggregate R&D than independent firms. Further, their R&D portfolios tend to show a higher product versus process ratio. However, with regard to R&D performance and efficiency we find that independent firms are superior.