Banks and Financial Discrimination: What Can Be Learnt from the Spanish Experience?

This paper analyses the phenomenon of financial discrimination that has been identified in many developed countries in the aftermath of the financial crisis. We would consider the process of worsening quality in the provision of banking products and services as part of the increasing problem of financial exclusion, which should consider not only physical access to branches but also the difficulties of using banking services and products. Our primary concern is focused on the collective of vulnerable customers, so we have carried out an analysis at a micro-scale (urban districts and municipalities) to identify the main determinants of financial discrimination of territories according to their socioeconomic profile. This study constitutes a first attempt to analyse financial discrimination in the provision of banking products and services at an urban micro-scale. We have considered the cases of Madrid and Barcelona in Spain as good references, as these large urban territories have a high level of social inequality. The methodology applied is quantile regressions, a useful technique for analysing the “extreme” nature of the phenomenon of financial discrimination. Our results confirm that the more overloaded branches are located in districts characterized by a lower socioeconomic profile, indicating a banking industry trend towards “low-cost” retail banking to serve the group of less profitable, more vulnerable customers. Some recommendations are outlined for policymakers in line with the aims and scope of the Payment Accounts Directive of the European Union.

     

Testing Employment Determination in Unionised Economies as a Repeated Game

This paper is an empirical analysis of alternative bargaining theories of wage and employment determination. Using data from manufacturing sectors of the Spanish economy, we find that unions and firms are not myopic and take dynamic considerations into account in the bargaining process. This work is an empirical test of the bargaining model in Espinosa and Rhee (1989) and provides support for their conclusions.     

Sustainability and Wealth of Rural Households: Measurement and Inequality Analysis

A small but growing literature is linking well-being with the value of assets, measured comprehensively. This measure, called comprehensive wealth, has appeared as a leading economic indicator of sustainability by reflecting the potential of future well-being. Despite the concerns of sustainability for policy interventions at the micro-level, the existing literature is limited to country-level estimations. This paper applies the general framework of weak sustainability to measure wealth at the household level. Using data from three rounds of household survey, market prices, and yield data from rural Burkina Faso, we measure wealth, income, and consumption per adult. The results show that wealth has consistently increased over time in contrast to income and consumption which have fluctuated. Wealth is also less unequally distributed. Finally, consumption is found to be more correlated with wealth. This suggests that wealth-based interventions are more likely to improve well-being in a sustainable way.     

The Influence of Technology Differences on Corporate Environmental Patents: A Resource‐Based Versus an Institutional View of Green Innovations

This paper proposes that both the resource‐based view and institutional theory predict a positive relationship between the number of patented environmental innovations and non‐environmental innovations held by a firm, because they both are subject to the influence of similar factors. However, while the resource‐based view predicts that technological differences between the patented environmental innovations owned by a firm and those in the industry as a whole will positively affect the firm's environmental innovations, the institutional perspective predicts a negative relationship. Our results derive from a sample of 5537 environmental patents from 59 large companies in the electrical components and equipment industry worldwide, and show a positive relationship between patented environmental and non‐environmental innovations in a firm, but a negative influence on the number of the firm's patented environmental innovations resulting from differences between the firm's environmental technologies and those generally prevalent in the industry. Copyright © 2015 John Wiley & Sons, Ltd and ERP Environment     

Controlling the incentive problems in real estate leasing

This paper develops a formal model that characterizes potential conflicts of interest between real-estate landlords and tenants. The model demonstrates a tenant's incentive to undermaintain or overuse (i.e., abuse) a leased property while highlighting the moral hazard problem as a cause of the failure of the lease irrelevance proposition. As a consequence, the lease irrelevance proposition's faiure implies that if tenant abuse incentives are left unrestricted, the market for leased real estate may cease to function.The efficacies of various lease arrangements suggested by Smith and Wakeman (1985) and other researchers in controlling the tenant abuse incentives are evaluated in this framework as a means of counteracting the inherent problems. Our analysis supports the greater use of variable lease schemes (e.g., security deposits and penalty clauses), which peg real-estate lease rates to the level of property abuse rather than more traditional fixed payment contracting arrangements.     

Politicisation of migrant leisure: a public and civil intervention involving organised sports

Using the perspective of governmentality this article aims to contribute to an understanding of the rationalities of specific political interventions, and the techniques used to monitor the leisure activities of particular target groups. This process of politicization is revealed here through a case study of an intervention that provides sporting activities in holiday periods for migrant children and adolescents living in so-called socially disadvantaged areas (DGI Playground). The analysis highlights the rationality that the leisure time of migrant youth is a potentially dangerous time slot and they must be engaged in organized sports; that is not only healthy but also civilizing and character forming leisure time activities. Techniques of monitoring the intervention are developed in a partnership between public institutions, regional umbrella organizations and local sports clubs leading to a need for employment of welfare professionals. Furthermore, the article illustrates that in the discursive construction of subject positions for the target group, migrant youth tend to become clients and recipients of public services rather than potential members of civil sports clubs. These findings are supported by ethnographic interviews with participants that show how youngsters who took part in DGI Playground were able to reflect the official aim of the programme and relate this to their desire to have fun and hang out with their friends. The article ends with a discussion of the further scope of applying critical theoretical perspectives to studies of migrants’ leisure and sports activities.     

Researching Public Sector Change

This article highlights the importance of taking a gendered perspective for the understanding of new public manage-ment and the restructuring of public services. Significant changes havetaken place in the management structure and processes of public sector organizations throughout the decade, with work-forces being redefined and reconstitu-ted. Relatively little research work has examined the gendered implications of such change and the way in which pro-cesses of redefinition are negotiated, accepted or resisted by male and female professionals. A conceptual framework for future research is presented which is informed by three separate research literatures: the feminization thesis, developments in HRM and marketiza-tion and managerialism. The article con-cludes by emphasizing the importance of a more inclusive and gendered view of restructuring agendas. A theoretical framework is proposed that accommo-dates difference and agency in the restructuring process as a way forward in analysing public sector change.     

Determinants of Teenage Birth Rates as an Unpooled Sample

ABSTRACT Illinois teenage birth rates are estimated both as a pooled sample and also as an unpooled sample (under eighteen years old and eighteen to nineteen years old). The younger teens'are statistically significantly affected by the number of two-parent families in the county. The older teens'birth rates have statistically significant coefficients for three additional predictors–county education and income levels and the percent of children living in poverty. Variables that do not have a statistically significant relationship with either group's birth rates are population density and the unemployment rate. The proportion of white population was a statistically significant determinant for the younger teens'birth rate.     

Human capital effects on labour productivity in EU regions

Recent years have seen a wealth of articles on spatial effects in empirical growth specifications. Endogenous growth models, together with the arguments of the new economic geography, have led to spatial dependence being identified with the existence of externalities which cross regional borders. This article continues in this line of research and offers new empirical evidence on the contribution of human capital and agglomeration economies to the differences in productivity in European Union regions. The article uses the spatial Durbin model with different weight matrices to explain the relation between human capital variables and labour productivity, with the advantage that it allows the effects of spatial externalities associated to human capital and agglomeration economies to be quantified.