Cross-national differences in trade union membership in OECD countries

This article examines how trade union membership varies across 16 OECD countries in the 1980s. Higher density of membership is found to be associated with a higher degree of centralisation of wage bargaining, higher percentage of employees covered by collective bargaining, a larger public sector and a more leftist party of government.     

A new century approach for alcohol screen in the insurance industry

Several recent studies point to the value of using combinations of biochemical markers for the identification of alcohol abuse. The Early Detection of Alcohol Consumption (EDAC) test uses a statistical method that combines the results of several routine laboratory tests to form a metabolic fingerprint for each subject. In this study, we evaluated the use of the EDAC test as a screening tool to assess heavy drinking in insurance applicants. The EDAC was calculated by linear discriminate function analysis using the results of 14 routine tests including liver enzymes, lipids, proteins, and blood sugars. We collected and analyzed 1680 random samples at Heritage Laboratories (Olathe, Kan). Alcohol Detection Services (Brookfield, Wis) and Millennium Strategies (Madison, Wis) collaborated in the data analysis and interpretation of laboratory tests results. Ninety-three percent of applicants showed a negative EDAC test. The 7% (n = 134) who screened positive for the EDAC test were then reflexed to carbohydrate deficient transferin (CDT) and whole blood associated acetaldehyde (WBAA). Sixteen percent (22/134) showed a positive confirmatory test. Among these 16% of subjects, 41% (9/22) showed no elevations in liver enzymes or HDL-C results. Four of these subjects were among the top one third with the highest elevations for the CDT test in the entire group and one of them was positive for both the CDT and WBAA tests. These results suggest that the EDAC screen may provide an efficient alternative screening tool for the identification of heavy alcohol consumption not HBA as it identifies applicants with both normal or abnormal liver enzymes and HDL-C.     

Scott A. Sandage. Born Losers: A History of Failure in America. Cambridge, Mass.: Harvard University Press, 2005. x + 362 pp. ISBN 0-674-01510-X, $35.00 (cloth).

Born Losers is a masterpiece that maps the misery of misfitbusiness failures in success-crazed, nineteenth-century America.The narrative sparkles with lively anecdotes, pithy quotes fromfamous people and failures, and Sandage’s own exquisiteprose, which rivals the catchy lines of the ubiquitous successmanuals. Skeptical scholars will find the research provocativebecause Sandage documents the wide range of sources availableto study the "forgotten men" of "the other nineteenth century"(p. 3): "private letters, diaries, business records, bankruptcycases, suicide notes, political     

The New UK Monetary Arrangements: A View From the Literature

This paper considers the likely operating characteristics of the new UK monetary arrangements introduced in May 1997. The paper first argues that the time inconsistency of policy is not an issue provided the Bank of England is properly independent. However, the current inflation remit from the Chancellor to the Bank specifies a numerical target for the inflation rate, but does not specify how quickly deviations from the target are to be corrected. It is thus an incomplete contract, and there is a danger that the Bank may choose to stabilise inflation at the cost of excessively volatile movements in output, or vice versa . We estimate the optimal policy frontier for the UK economy and show that in practice it is close to rectangular. Consequently all the Bank needs to assume is that the government's preferences are 'reasonable' in order to know approximately where to locate on this frontier; the incompleteness of the remit therefore need not be a cause for concern.     

Y2K costs & compliance: A perspective from the United Kingdom

This paper examines the costs and risks associated with Year 2000 issues and compliance in a sample of footnote disclosures for companies listed on the UK Stock Exchange. Given news releases of significant underreporting for these issues and the reports that the United States is six to twelve months ahead of British firms, the UK Accounting Standards Board issued new guidance for these disclosures in the form of Urgent Issues Task Force Abstract 20. The paper discusses the new standard and examines disclosures before and after the effective date of the standard (March 23, 1998) to gain further insight into costs, risks, and other compliance issues unfolding in UK stock exchange companies. © 2000 John Wiley & Sons, Inc.     

大稳健、大恐慌和大收缩

本文为英格兰银行负责货币政策的副行长查尔斯·比恩(Charles Bean)先生在2009年8月25日欧洲经济学协会熊彼特讲座上的主题演讲。与其他对于本轮危机的分析相比,本文有两个最显著的特点:一是视野更加开阔、观点更加平衡:二是分析框架更加规范、逻辑性强。本文所涉及的问题正是国际金融监管改革的核心。