Return on investment: benefits and challenges of baccalaureate nurse residency program

There are high rates of turnover among graduate nurses within the first year of employment. As the costs of recruitment and orientation have increased, employers are examining new strategies for increasing retention among this population. The Methodist Hospital, Houston, TX, partnered with an academic institution and University Health Consortium to apply an implementation strategy where graduate nurses participate in a year-long residency program. The residents attended monthly sessions that addressed pertinent needs of the group. During this 1-year period turnover decreased from 50% to 13% and return on investment was 326.5%.     

Trade in Educational Services: Trends and Emerging Issues

This paper examines the trends and emerging issues in trade in educational services. It provides rough estimates of the size of the international market in educational services drawing on the limited data available in services trade statistics and data on foreign students in tertiary education in OECD countries. It outlines the current commitments for trade in educational services under the General Agreement on Trade in Services (GATS). It also reviews the implications of the on‐going GATS negotiations for further multilateral trade liberalisation in this sector. It points out that OECD countries have been noticeably reluctant to make proposals for further liberalisation of trade in educational services. One reason for this is the concern in many countries about the potential threats posed to cultural values and national traditions by growing trade liberalisation in educational services. Finally, the paper reviews some of the main policy issues arising from trade in educational services.     

Implicit returns on conventional demand deposits: An empirical comparison

This paper compares the relative performance of alternative series of implicit returns on conventional demand deposits by estimating for each series a set of equations derived from a generalized CES utility model for a liquid asset portfolio. This approach offers the unique advantage of explaining money holdings with a substantially larger number of degrees of freedom than originally available, while avoiding multicollinearity even in the presence of several interest rate variables in the model. An implicit return series obtained by Barro and Santomero (1972) performs the best among all of the available seven series tested based on the criteria of a generalized measure of goodness-of-fit and a robustness of coefficient estimates.     

Stable cointegrating regressions: Fully-modified estimates for inflation and employment cost indices

This paper investigates the stability of relationships between inflation and changes in employer cost for labor using tests based on the null hypothesis of no cointegration (Gregory and Hansen (1996a)) as well as tests based on the null hypothesis of cointegration (Hansen (1992)). In addition to specifications which include wages or unit labor cost, employment cost indices for compensation and wages are used to eliminate composition bias over the business cycle. Empirical results support stability and fully-modified estimates are obtained using the semiparametric approach of Phillips (1995). In contrast to studies which have found only one-way causality, this paper presents empirical evidence of feedback between inflation and employer cost for labor, consistent with an expectations-adjusted Phillips's Curve. First version received: July 1997/final version received: September 1998     

The Effects of Individual and School Factors on University Students' Academic Performance

This article examines the factors that influence university students'academic performance, focusing on the role of student background and school factors. Using data on the first‐year students at the University of Western Australia in 2001, two methodologies are employed. The first is analogous to an input‐output approach, and the second is a random coefficients model. A key finding is that high schools have an impact on the academic performance of students at university beyond students' own background characteristics. Both immersion and reinforcement effects are identified.     

Information Technology and the Data Jungle

This stroll down memory lane highlights the changes brought about by technology that enable economists to process more data faster than could have been imagined when Marcuss began her career in 1968. The challenges of the “data jungle” remain, however. There must be an ongoing effort to know precisely what each economic- statistic measures, why it matters, and to whom. NABE has been, and will continue to be, in the forefront of this effort. JEL Classification C880,M210     

Abolition of wages councils and the introduction of a national minimum wage with particular reference to British hotels

This paper compares and contrasts the initial impact of the abolition of wages councils in 1993 on pay policy, pay practice and pay structures in small proprietor-run and group-owned hotels. The broad implications of abolition and labour market deregulation within the hotel sector are also considered. Finally, there is a brief discussion about the prospect of reregulation in 1998 in the form of a National Minimum Wage, a measure which has won an increasing level of support from employers across the hospitality industry.     

Relational communication traits and their effect on adaptiveness and sales performance

Two relational communication traits, communication apprehension and interaction involvement, are investigated within an adaptive selling framework to assess their impact on salesperson adaptiveness and sales performance. Using a sample of 239 insurance salespeople, results demonstrate that salespeople exhibiting lower levels of communication apprehension are more highly involved in communication interactions, and higher involvement facilitates increased adaptiveness and sales performance. This research highlights the importance of effective communication within sales interactions and offers suggestions to improve salesperson communication skill. Michael L. Boorom is an associate professor of marketing and associate dean of the school of business and public administration at California State University, San Bernardino. He received his Ph.D. from the University of South Florida. His research interests are salesperson and sales manager communication skills. His work has been published in theJournal of Personal Selling & Sales Management and several conferences. Jerry R. Goolsby is an associate professor of marketing at the University of South Florida. He received his Ph.D. from Texas Tech University. His research interests include sales interactions and salesperson burnout and coping strategies. His work has been published in theJournal of Marketing, Journal of Marketing Research, Journal of the Academy of Marketing Science, and other marketing journals. Rosemary P. Ramsey is a professor and chair of the management and marketing department at Eastern Kentucky University. She earned her Ph.D. from University of Cincinnati. Her research interests include sales interactions and measurement issues. Her work has been published in theJournal of the Academy of Marketing Science, Journal of Business Research, Journal of Personal Selling & Sales Management, Journal of Social Behavior and Personality. andJournal of Marketing Education.