The public house and its role in society's margins

The aim of this conceptual paper is to explore the contribution of the British public house (pub) to marginalised sections of the community. There is a long tradition that celebrates the pub's quasi-egalitarian ethos as welcoming people from all walks of life. However, increased financial pressures on the pub sector dictate an evolution in this role, especially towards disadvantaged sections of society. This situation merits further examination by researchers, managers and policy makers. The paper draws on evidence from different traditions of research including management, sociology, history and geography, to develop a conceptual framework highlighting the issues facing these stakeholders in today's business environment.     

COMPETITION VERSUS STABILITY IN BANKING

COLLECTED WORKS OF WALTER BAGEHOT: THE ECONOMIC ESSAYS, VOLUMES IX—XI, edited by Norman St John Stevas     

A field experiment investigating age discrimination in four European labour markets

In a field experiment investigating age discrimination, pairs of men, aged 27 and 47, inquired about employment as waiters in towns across England, France, Germany and Spain. Statistically significant discrimination against the older waiter was found in all four countries, but it was considerably higher in France and Spain than in England and Germany.     

Some economic effects of standards—Comment

The bulk of the literature on the empirical validation of the purchasing power parity (PPP) has been based on cointegration, although on rare occasions band-spectrum analysis has also been used. The former is tied down to the use of ‘notional’ time in the analysis of systems away from equilibrium, and the latter is circumscribed by the Slutzky-Yule effect. Both these drawbacks are sought to be remedied in the present paper, which seeks to bring to bear upon the PPP a new approach derived from the concept of a time-varying spectrum. Both absolute and relative versions of the doctrine are tested for ten advanced economies over the post-1973 period. Uniform rejection of the PPP occurs with the US $ as base, but with centring on the DM, the evidence seems to be supportive of the PPP (in its relative version) for three European countries.     

Job security regulations and the dynamic demand for industrial labor in India and Zimbabwe

Government permission is required to dismiss or lay off even a single worker in India and Zimbabwe. Dynamic labor demand equations, derived from a CES cost minimization model, are estimated for 64 manufacturing industries in these two countries. The data reveal a substantial reduction in demand for workers but no slowing in adjustment of number of employees following enactment of the labor laws. In India, no comparable reduction in labor demand occurred in small scale plants uncovered by the job security regulations. Among larger Indian plants, the drop in labor demand is estimated to be largest in industries where: coverage of the legislation is more extensive, private ownership dominates, and there are fewer union members.     

Trade union recruitment strategies: facing the 1990s

Despite a high level of initiatives few unions have developed systematic recruitment strategies, in particular when measured against three key criteria-the employment of a ‘dedicated’ national official; a specific budget; and a comprehensive monitoring system. This reflects an organisational ‘culture’ restricting recruitment potential.     

Religion and development in post‐Famine Ireland

Over a century ago, Horace Plunkett began a debate about the role of religion in Irish development, pointing to what he saw as the economic shortcomings of Roman Catholicism. Thereafter, however, the debate waned, and only limited scholarship has subsequently investigated the significance of religion in Irish development, especially in statistical terms. In this article that lacuna is addressed, using a quantitative approach to examine the relationship between Roman Catholicism and economic and financial development in the post‐Famine era. Attention is directed to a variety of development indicators, namely, education, occupations, and commerce. By focusing on a selection of measures over time, it is possible to determine more precisely where differences, if any, occurred between the denominations and whether such differences changed over the period. The analysis reveals that Roman Catholicism tends to be initially negatively associated with more advanced development outcomes, but that this association weakens over time. As such, the results point to an economic convergence between Roman Catholics and Protestants, complementing historical evidence on an upward Catholic socioeconomic transition—a ‘Catholic embourgeoisement’—in the post‐Famine era.