Income inequality, consumption, credit and credit risk in a data-driven agent-based model
In: Journal of economic dynamics & control, Band 104, S. 39-73
ISSN: 0165-1889
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In: Journal of economic dynamics & control, Band 104, S. 39-73
ISSN: 0165-1889
In: The journal of philosophical economics: reflections on economic and social issues, Band XII Issue 1, Heft Book reviews
ISSN: 1844-8208
In: IZA journal of migration: IZAJOM, Band 3, Heft 1
ISSN: 2193-9039
Abstract
This paper studies the individual-level relationship between immigration and property crime in England and Wales using crime self-reports from the Crime and Justice Survey. Models that account for underreporting are used, since this is a major concern in crime self-reports. The results indicate that the reported crime is substantially underreported, but if anything, immigrants are less likely to underreport than natives. More importantly, controlling for underreporting and basic demographics, the estimates across all model specifications, although imprecise, indicate that immigration status and property crime are negatively associated. We finally find that the estimated relationship between immigration status and property crime differs across regions and ethnic groups.
JEL Codes
K42, J15, J22, C25, C51
In: The journal of philosophical economics: reflections on economic and social issues, Band VII Issue 2, Heft Book reviews
ISSN: 1844-8208
The current economic condition of digital participation is described by the proponents of the neoliberal model of economic efficiency as a new economic revolution. Τhe simulated existence of the market in computer networks and graphic interfaces presents itself as the ultimate reality of value at the same time as it tries to make other forms of social valuation subordinate and even unreal. Reflecting on the mystification of the effect of digital interfaces on social participation, the article raises a series of questions for the analysis of the cultural effects of the mediating function of monetary interfaces by reflecting on their economic, technological and aesthetic implications. The critique focuses on the new digital architecture of the monetary system by investigating how money intervenes in information exchanges and signals the creation and transfer of economic value. The ability of payment interfaces to impose, both overtly and covertly new relations of ownership as well as new forms of surveillance, suggests their capacities as technologies of political control of the individual. The aim is a theoretical framework for the analysis of the reorganization of the economic system and its dependence on money.
BASE
In: The journal of philosophical economics: reflections on economic and social issues, Band VI Issue 2, Heft Articles
ISSN: 1844-8208
The paper proposes a synthesis of original institutional economics and in particular of the work of John R. Commons with the state theory of money, constructing a theoretical framework for the analysis of economic value in relation to money. The argument developed resists the naturalistic, individualistic, neoclassical analysis of value, proposing an account based on antagonism and negotiation framed by social institutions and more specifically by the institution of money. Money plays an active role in the process of the constitution of the system of prices, creating possibilities of mediation in the conflicts around the distribution of social production and contributing towards the establishment of 'reasonable value' in economic transactions.
In: Economics of transition, Band 23, Heft 2, S. 425-468
ISSN: 1468-0351
AbstractThe data of the Russian Longitudinal Monitoring Survey (RLMS) – Higher School of Economics represents one of the few nationally representative sources of household and individual data for Russia. These data have been collected since 1992 and in recent years, thanks to more secure financial and logistical support, have become a resource increasingly drawn upon by scholars and students for national and cross‐national studies. In this paper, we examine the extent of non‐random attrition in the RLMS and discuss the circumstances under which this might give rise to biases in econometric analysis. We illustrate this with an example drawn from the health sphere.
In: Economics letters, Band 117, Heft 1, S. 365-367
ISSN: 0165-1765
In: International journal of critical infrastructure protection: IJCIP, Band 37, S. 100526
ISSN: 1874-5482
In: International journal of operations & production management, Band 44, Heft 5, S. 1083-1108
ISSN: 1758-6593
PurposePresident Trump's tenure was accompanied by a series of protectionist measures that intended to reinvigorate US-based production and make manufacturing supply chains more "local". Amidst these increasing institutional pressures to localise, and the business uncertainty that ensued, this study investigates the extent to which manufacturers reconfigured their supply bases.Design/methodology/approachBloomberg's Supply Chain Function (SPLC) is used to manually extract data about the direct suppliers of 30 of the largest American manufacturers in terms of market capitalisation. Overall, the raw data comprise 20,100 quantified buyer–supplier relationships that span seven years (2014–2020). The supply base dimensions of spatial complexity, spend concentration and buyer dependence are operationalised by applying appropriate aggregation functions on the raw data. The final dataset is a firm-year panel that is analysed using a random effect (RE) modelling approach and the conditional means of the three dimensions are plotted over time.FindingsOver the studied timeframe, American manufacturers progressively reduced the spatial complexity of their supply bases and concentrated their purchase spend to fewer suppliers. Contrary to the aims of governmental policies, American manufacturers increased their dependence on foreign suppliers and reduced their dependence on local ones.Originality/valueThe research provides insights into the dynamics of manufacturing supply chains as they adapt to shifting institutional demands.
In: International journal of operations & production management, Band 43, Heft 7, S. 1121-1147
ISSN: 1758-6593
PurposeScholars studying servitization argue that manufacturers moving into services need to develop new job roles or modify existing ones, which must be enacted by employees with the right mentality, skill sets, attitudes and capabilities. However, there is a paucity of empirical research on how such changes affect employee-level outcomes.Design/methodology/approachThe authors theorize that job enrichment and role stress act as countervailing forces during the manufacturer's service transition, with implications for employee satisfaction. The authors test the hypotheses using a sample of 21,869 employees from 201 American manufacturers that declared revenues from services over a 10-year period.FindingsThe authors find an inverted U-shaped relationship between the firm's level of service infusion and individual employee satisfaction, which is flatter for front-end staff. This relationship differs in shape and/or magnitude between firms, highlighting the role of unobserved firm-level idiosyncratic factors.Practical implicationsServitized manufacturers, especially those in the later stage of their transition (i.e. when services start to account for more than 50% of annual revenues), should try to ameliorate their employees' role-induced stress to counter a drop in satisfaction.Originality/valueThis is one of the first studies to examine systematically the relationship between servitization and individual employee satisfaction. It shows that back-end employees in manufacturing firms are considerably affected by an increasing emphasis on services, while past literature has almost exclusively been concerned with front-end staff.