Contingent Chicago: Restructuring the Spaces of Temporary Labor

Hiring‐halls, specializing in the placement of day‐laborers in temporary jobs, have in recent years been proliferating along major transport arteries in Chicago's low‐income neighborhoods. This article examines the phenomenon of low‐wage temporary work in Chicago from the perspective of the principal institutional actors in these highly ‘flexibilized’ or ‘contingent’ labor markets – the ‘temp’ agencies. Particular emphasis is placed on the labor‐market effects of temp‐agency strategies, both in respect to patterns of labor segmentation and in terms of the spatial (re)constitution of urban job markets. It is suggested that temp agencies are actively engaged in both the exploitation and facilitation of contingent labor‐market conditions. In this sense, they are assuming important new roles as privatized ‘labor‐market intermediaries’, with apparently deleterious effects for job security and social segregation in the lower reaches of urban labor markets. Their strategies can also be related to the social and geographic restructuring of these job markets, because the growth and polarization of temp employment has been associated with a ‘hardening’– and indeed ‘stretching’– of extant ethnic, gender and spatial inequalities. Des bureaux d'embauche, spécialisés dans le placement de journaliers sur des postes temporaires, ont récemment proliféré le long des grands axes de transport dans les quartiers défavorisés de Chicago. Cet article étudie le phénomène du travail temporaire à faible revenu dans cette ville, et ce, du point de vue des principaux acteurs institutionnels sur ces marchés du travail hautement ‘flexibilisés’ ou ‘aléatoires’: les agences de travail temporaire. Il insiste sur les conséquences des stratégies de ces agences pour le marché de l'emploi, à la fois au niveau des schémas de segmentation du travail et en termes de (re)constitution spatiale des marchés du travail urbains. Aussi peut‐on suggérer que ces agences sont activement impliquées dans l'exploitation et la facilitation des conditions aléatoires du marché du travail. En ce sens, elles jouent un rôle important et nouveau comme ‘intermédiaires du marché du travail’ privatisés, avec des effets apparemment néfastes pour la sécurité de l'emploi et la ségrégation sociale dans les circuits inférieurs des marchés urbains. Leurs stratégies peuvent aussi être liées à la restructuration sociale et géographique de ces marchés, la croissance et la polarisation de l'emploi temporaire ayant ètè associées à un ‘durcissement’, et assurément à une ‘extension’, des inégalités existantes au plan ethnique, spatial et des sexes.     

Sweetening the Transition in EU Sugar Preferences: The Case of Fiji

The European Union grants preferential market access for sugar to a group of African, Caribbean and Pacific (ACP) countries. Sugar exported under these quotas receives between two and three times the world price. These trade preferences are intended as a form of aid, but they tend to stifle productivity growth in the recipient countries. The European Union could better assist ACP countries by providing direct development assistance in place of sugar subsidies, for example by investing the aid transfers into infrastructure or other essential public services. This paper tests this proposition for the case of Fiji using a computable general‐equilibrium model. It is found that significant gains in economic performance can be achieved by employing such alternative strategies for aid. These gains are particularly strong over the medium to long term when the aid funds are diverted to infrastructure development. However, there are issues of equity to consider since, in the case of Fiji, the rural poor would be the losers if trade preferences were to be removed. Moreover, the degree of benefit in alternative strategies such as infrastructure development will be contingent on the economy's flexibility, which in turn depends upon the country's regulatory regime and education performance.     

THE IMPACT OF ORDER FULFILLMENT SERVICE ON RETAILER MERCHANDISING DECISIONS IN THE CONSUMER DURABLES INDUSTRY

Historically, manufacturers held the upper hand in consumer goods supply chain relationships. There has been a pervasive shift of power to retailers over the past 20 years, however, ushering in an era of waning consumer loyalty to manufacturers' brands and increasing loyalty to retailers. While there is extensive research focusing on the manufacturer‐consumer relationship, retailers' increased ability to influence consumer purchases suggests that manufacturers should understand not only consumer perceptions of delivery service, but also retailer perceptions. We incorporate social network theory to examine the manufacturer‐retailer‐consumer linkages in the consumer durables industry, with the emphasis on the retailer in the role of the “broker” (Burt 1992). Specifically, we examine whether retailer perceptions of a manufacturer's order fulfillment service (OFS) positively impacts retailer perceptions of the manufacturer's brand, the importance of the product, and the likelihood of the retailers' salespeople to recommend the product to consumers. The research bridges OFS and retailer purchase behavior in a consumer durables industry characterized by high levels of consumer involvement, brand presence, and personal selling.     

Discussion of “Why do pro forma and street earnings not reflect changes in GAAP? Evidence from SFAS 123R”

Barth et al. (Review of Accounting Studies, this issue, 2012) identify the perfect natural laboratory setting in which they explore important questions related to non-GAAP earnings disclosures. By focusing on a single income statement line item, stock compensation expense, they can directly compare the behavior of managers and analysts in excluding that item from GAAP earnings. Their empirical analyses indicate that managers exclude the expense for opportunistic reasons. They also conclude that analysts are more likely to exclude the expense in order to increase the predictability of current-period earnings for future earnings. I believe their evidence provides a solid contribution to the literature on non-GAAP reporting. Moreover, it provides important evidence regarding the effectiveness of SFAS 123R??s requirement for the recognition of stock compensation expense in providing relevant earnings information to stakeholders. I provide a few comments regarding aspects of the paper that require clarification or that may influence the design of future studies. Overall, I believe this research provides an important contribution to the non-GAAP literature and that it will have a significant influence on the design of future studies.     

Labour Values,Prices of Production and the Effects of Income Distribution: Evidence from the Greek Economy

This paper explores the relationship between labour values, prices of production and changes in income distribution in an actual economy. For this purpose we use a linear model of production with circulating capital and homogeneous labour, assuming that wages are paid ex ante. On the basis of this model and data from input–output tables of the Greek economy for the period 1988–1997 we estimate the labour values and prices of production, which are normalized with the use of the Sraffian standard commodity and the actual output vector. Furthermore, we extend Steedman's polynomial approximation of prices of production to include the case where wages are paid ex ante and the accuracy of this approximation is tested with actual input–output data. Finally, we find that prices of production change as a result of hypothetical changes in income distribution more often than not in a monotonic way and in a few cases display curvatures that reverse the order between prices of production and values.     

Measuring price thresholds using social judgment theory

Price perceptions of 120 homemakers were assessed for one product using social judgment theory. In keeping with the theory, the homemakers' latitudes of acceptance, rejection, and noncommitment were established in a laboratory experiment. Product involvement and price sensitivity were manipulated, and their impact on the respective latitudes was measured. Implications for price strategy based on the analysis are presented.     

Counting Groves-Ledyard equilibria via degree theory

We study the Groves-Ledyard mechanism for determining optimal amounts of public goods in economies whose agents have the most general class of preferences for which a Pareto amount of public goods can be computed independently of income distribution. We use degree theory on affine spaces to show that the number of equilibria in such economies grows exponentially as the number of agents in the economy increases. The large number of equilibria in such simple economic models raises doubts as to whether the Groves-Ledyard mechanism is a workable solution to the Free Rider Problem since individuals may have incentives to falsify their preferences in order to drive the adjustment process to a preferred Nash equilibrium.