The unequal distribution of economic education: A report on the race,ethnicity, and gender of economics majors at U.S. colleges and universities

Economic education is distributed unequally. Among U.S. undergraduates, women and underrepresented minority students collectively major in economics at 0.36 the rate that white, non-Hispanic men do. The authors establish a definition of full inclusion in economic education and use that definition to evaluate the status quo and to compare institutions. A companion resource, hosted by the Federal Reserve Bank of New York, provides interactive access to the data to attract and inform the attention of economists, university administrators, and others. The authors explain why the need to improve the distribution of economic education is urgent, including the imperative to support economic policymaking. Lastly, they point the way forward, identifying currently available resources and reasonable next steps for all involved parties to take.     

THE IMPACT OF LOW‐PRIORITY LAWS ON CRIMINAL ACTIVITY: EVIDENCE FROM CALIFORNIA

We examine the impact of low‐priority initiatives on criminal activity. Low‐priority initiatives mandate that minor marijuana possession offenses be the lowest enforcement priority for police. Localities pass these laws because they believe if officers devote fewer resources toward minor marijuana crimes, more resources will be available to deter more serious crimes. Using data from California, we find that jurisdictions that adopted low‐priority laws experienced a reduction in arrests for misdemeanor marijuana offenses. However, we do not find evidence of a consistent effect of enacting a low‐priority initiative on the crime or clearance rate of other felonies. (JEL H1, H4, K4)     

Strategic reporting by nonprofit hospitals: an examination of bad debt and charity care

Review of Accounting Studies - In this paper, we examine bad debt and charity care reporting by nonprofit hospitals around bond issuance. Given the tax advantages afforded to nonprofit hospitals,...     

How Common Are Bad Bosses?

Bosses play a fundamental role in workplaces. Yet, almost nothing is known about an important and basic question in labor economics and industrial relations. Are the right people promoted to be supervisors, team leaders, and managers? The infamous Peter Principle claims that incompetent bosses are likely to be all around us, but is that true? This article provides the first statistically representative international estimates—taking comparable data on thirty-five nations—of the extent to which employees have “bad bosses.” Using a natural measure, the article calculates that approximately 13 percent of Europe’s workers have a bad boss. Such bosses are most common in large organizations, in organizations without employee-representation committees, in the transport sector, and where workers themselves have no supervisory responsibility. Last, the article offers a practical finding as a potential aid to human resource training and hiring. Contrary to media portrayals, bad bosses are rated least bad on “respect for workers” and worst on their ability to get the job done. Lack of competence, not lack of consideration, appears to be the key problem.     

A Multilevel Analysis of the Relationship Between Ethical Leadership and Ostracism: The Roles of Relational Climate,Employee Mindfulness,and Work Unit Structure

Journal of Business Ethics - Drawing on insights from social learning and social cognitive perspectives and research on the multilevel reality of leadership influences, we developed and tested a...     

‘Running Fever’: understanding runner identities in Shanghai through turning point narratives

Distance running has long been a popular leisure activity in many affluent countries, and it has recently become a fashionable sport in China. However, research into leisure running has mostly been confined to participants in the Global North. The present study explores runners’ stories from Shanghai with a focus on psychological turning points – that is, subjectively important events that may change life trajectories and sense of self – within running careers. Thirty runners (14 women) participated in an interview using a life story approach. Turning point events were coded into six categories: relationship, transition in education/work, commitment, achievement, vulnerability and discovery. Stories were analysed for narrative themes and contexts, specifically in relation to running subculture and discourses surrounding gender and class. The findings highlight the relational achievement of a runner identity within the running subculture, emphasising ‘right’ attitude, persistence, and achievement. Simultaneously, the runner identity emerges as a signifier of a ‘modern’, middle class individual, who pursues self-development and credits oneself for accomplishments. Enthusiasm could, however, lead to injuries that challenged running identities. Runners in Shanghai share much of the narrative landscapes of running culture in the Global North, but also draw upon local narrative resources in runner identity construction.     

Trying to Serve Two Masters is Easy,Compared to Three: Identity Multiplicity Work by Christian Impact Investors

Journal of Business Ethics - While research has focused on financial and social goals in impact investing, we add to the limited research that focuses on how individuals manage identity...     

Re-conceptualizing community in risk research

Community is an important concept for determining the factors that influence peoples’ perceptions of and actions surrounding risk. However, there are multiple and conflicting definitions for the concept of community and scholars operationalize it in various ways. In this paper, we argue for a renewed focus on community as a guiding consideration in discussions of risk management and the related concepts of resilience, vulnerability, and adaptive capacity. We outline classic and current conceptions of community to articulate how its conceptualization in ongoing risk research might lead to different outcomes, foci, or recommendations about collective adaptation. This includes a discussion of how historic and emerging methodological approaches for studying risk make implicit choices about what community is or how it influences collective response. We close by providing a set of potential axioms that can help researchers better integrate the complexity of community into studies of risk and understand how populations respond to it. Better integrating community into studies of risk could promote policies and communication that are tailored to the unique local context of diverse populations. Such tailoring is more likely to promote adoption of risk mitigations among local populations and perpetuate adaptation as a part of local culture. We contend that a more holistic and systematic approach to documenting local context better encompasses the variable influences that community can have on collective ability to respond to risks.