Organizational perspectives on digital labor market intermediaries

Dramatic changes in organizational forms and employee-employer relationships have coincided with a proliferation of labor market intermediaries. Often digital and internet-based, these new hiring technologies assist organizations in recruiting and screening potential job candidates. We identify three types of digital labor market intermediaries (dLMIs): connectors, curators, and comminglers. We examine the use of dLMIs through the lens of organizational theory, focusing on implications for organizational efficiency, power, and equity. dLMI use is patterned but variable across different organizations and has unintended outcomes that defy efficiency expectations. It poses new constraints for job seekers while allowing organizations and intra-organizational groups to negotiate institutional pressures and power imbalances. Finally, dLMI use appears to reproduce pre-existing inequalities among different types of employees.     

Home Equity of New Legal Immigrants in the United States: An Evaluation of Three Key Theoretical Perspectives

Housing in the U.S. is a substantial expenditure, but possessing equity in a home also represents an important source of wealth. This study employs 2003 data from the New Immigrant Survey to examine the home equity of legal immigrants who have come to the U.S. from around the world. We empirically test the relevance of three key theoretical frameworks for predicting immigrants' home equity and evaluate each framework's ability to account for differences in home equity among origin groups. We find strong support for the assimilation and the segmented assimilation frameworks, and little support for the place stratification perspective, net of other factors. Substantial differences in the home equity between origin groups persist even in the presence of multiple controls, with implications for legal immigrants' current economic position and future well‐being in the U.S.     

Refugee-owned small businesses: A typology for blended value creation

While it is clear that refugee-owned small businesses generate economic value, what is less understood is small businesses' role in blended value generation for ethnic/co-ethnic and local host communities. To explore this issue, we conducted interviews with 19 refugee business owners residing in New Zealand. Our findings concur with the extant literature that refugee-owned businesses generate economic, social and cultural value in their adopted countries. However, these businesses can be differentiated by their value focus; that is, whether the business' sole focus is economic or a nuanced blend, where economic value is complemented by strong social and cultural outcomes. In addition, these businesses' blended value generation is concentrated in either ethnic/co-ethnic or to local host communities. We use the findings to construct a typology of value generated by refugee-owned businesses, based on two continuums: from economic value to blended value and from ethnic/co-ethnic focus to local host focus.     

Boom and bust: housing equity withdrawal and consumption decisions and their impacts on household wealth

The authors examine whether the surge in housing refinance and equity withdrawal generated by the housing boom disproportionately affected older households in terms of decisions on whether to refinance, whether to withdraw equity, and how much to withdraw, and how in turn these decisions affected their household wealth. Using the Federal Reserve's Survey of Consumer Finances, the authors found the highest rates of refinancing and cashing out equity among older (although not necessarily the oldest) households. The authors also found that appreciation in house value, being a baby boomer, and having higher household income were the factors that most increased the probability of refinancing and withdrawing equity. Amounts cashed out were higher among older than among younger households. Ordinary least squares (OLS) estimates showed that amounts withdrawn were increased by price appreciation, financial assets, and income, along with being a "pre-boomer" or "early boomer." Older cohorts displayed larger wealth effects than younger ones, but their withdrawn equity was a smaller percentage of total net worth. A relatively small percentage of respondents' dollars was used for consumption, and most dollars were used for home improvement, other investment, or debt repayment. However, massive equity withdrawal and the subsequent collapse of housing prices have caused housing leverage to soar, putting some homeowners "underwater" and jeopardizing others' retirement preparedness. The ensuing housing finance crisis raises numerous policy issues, from reform of mortgage underwriting, securitization, servicing, and foreclosure procedures, to potential limitations on borrowing against unrealized housing equity gains, to enhanced government transfers for distressed older homeowners, to local and state revenue policy changes.     

Migrant Remittances as a Source of Financing for Entrepreneurship

The aim of this research is to analyse the likelihood of small business ownership by households receiving remittances in Uzbekistan. As such, this research has important policy implications. Small businesses are crucial for job creation and economic growth. This research shows that households receiving remittances invest in family business only when this inflow is supplemented with sufficient income or savings. Therefore, financial constraints are of paramount importance for a small business and these could be especially hard to overcome in rural areas. The article also finds evidence that remittance senders direct their funds into special business projects.     

State dependence in sequential equity judgements

We report the results from a questionnaire-type experiment designed to elicit whether individuals decide in accordance with the equity axiom constituent for Rawls’s second principle. The experiment is sequential in nature. Hence it generates panel data. We use recently developed panel data methods for studying the role that state dependence and unobservable individual-specific effects play for the observed equity judgements. The results indicate that a dominant share of our probants initially adhere to Hammond’s equity axiom, but that many of these leave the Rawlsian position at later stages of the experiment. Although state dependence plays a significant role it cannot alone explain the observed decision behavior. Individual-specific effects are also important.     

Employee Work Attitudes: The Subtle Influence of Gender

Using the construct of job satisfaction, this study examined work attitudes of 286 females and 416 males employed in 27 female-owned and 29 male-owned small businesses in three industries: construction, manufacturing, and distribution. Job satisfaction scores (dependent variables) were analyzed with regard to the interaction of owner employee gender. Demographic and job-related variables were also considered. The gender-moderated results are discussed in terms of methodological implications for conducting research regarding work attitudes.     

The Role of Economic Incentives and Attitudes in Participation and Childcare Decisions

We analyzed the participation and childcare decisions made by mothers in two-parent households with children aged 0–12 in the Netherlands, paying special attention to the role of attitudes regarding work and care. In a multinomial logit model we distinguished between not working, a small part-time job, and a larger job. For working mothers we considered no childcare, informal, and formal childcare. We accounted for potential endogeneity of attitudes. The results showed that the role of the price of formal childcare in the decision-making process was negligible. A higher earnings capacity increased the take-up of larger jobs and formal childcare. Modern attitudes had a strong impact on the decisions to work and to use childcare.     

Debt problems and life transitions: a register-based panel study of Finnish young people

This register-based panel study analyzed the impacts of key life events on debt problems among emerging adults using a within-individual design. In this study, 8093 Finnish young people (born 1988–1990) were monitored for 9 years (2005–2013). The data comprised information from administrative registers, including information about debt enforcement, which was used as an indicator of debt problems. Key life events included leaving home, obtaining the first full-time job, and becoming a parent. Debt problems were highly common. They increased after leaving home, especially among those leaving home at a young age. Obtaining the first full-time job was not regarded as a major event in the context of debt problems, although having a job was associated with a lower level of debt problems. Such problems increased after becoming a parent. The results imply that life-changing events can have an impact on economic problems.     

A cross‐cultural test of the work‐family interface in 48 countries

This study tests a cross‐cultural model of the work‐family interface. Using multigroup structural equation modeling with IBM survey responses from 48 countries (N= 25,380), results show that the same work‐family interface model that fits the data globally also fits the data in a four‐group model composed of culturally related groups of countries, as well as a two‐group gender model. This supports a transportable rather than a culturally specific or gender‐specific work‐family interface model: notably, job flexibility related to reduced work‐family conflict, reduced family‐work conflict, and enhanced work‐family fit. Work‐family fit related to increased job satisfaction. Findings suggest that investment by multinational companies in job flexibility initiatives may represent a dual‐agenda way to benefit men, women, and businesses in diverse cultures.     

Turnover as a Strategy to Escape Job Insecurity: The Role of Family Determinants in Dual-Earner Couples

Job insecurity is a stressful condition with well-known negative consequences. This study investigated the extent to which individuals voluntarily changed jobs as a strategy to cope with job insecurity, taking into account the family context. We tested whether job insecurity promoted voluntary turnover. Family factors were expected to either hamper or stimulate turnover, and to affect the relationship between job insecurity and turnover. Using longitudinal data from the Swiss Household Panel (2004–2013), we showed that men facing job insecurity were more likely to experience voluntary turnover. For women this was only true when they did not have preschool-aged children at home and experienced low levels of economic hardship. Moreover, family factors influenced voluntary turnover differently for men and women: Economic hardship increased the odds of voluntary turnover for men, whereas a partner’s job insecurity lowered the odds for women.     

Public relations aspects of brand attitudes and customer activity

Featuring the role of public relations in brand equity research and best practices, this study investigates how product, non-product, and customer–business relationship attributes affect customer-based brand equity (i.e., brand attitudes and customer activity). Analysis reveals customer–business relationships are central to a causal model linking evaluation (brand attitudes) and activation/motivations (customer activity). Findings demonstrate that for service businesses (e.g., banks), customer–business relationships are the primary, rather than minor, predictor of brand equity. These findings demonstrate how public relations scholarship and practice plays a central rather than peripheral role in customer satisfaction.     

The Use of Owner Resources in Small and Family Owned Businesses: Literature Review and Future Research Directions

This paper integrates relevant literature and the Sustainable Family Business Model regarding interchange of financial resources between family and business. Two distinct literatures on the use of owner resources in small businesses are examined: the intermingling of business and household resources from the family firm literature and financial bootstrapping studies from the small business finance literature. What has not been addressed in both literatures about the use of owner resources is discussed and the risks that owner resource bootstrapping and intermingling may place on the household and the business are considered. Recommendations and propositions for future research are suggested. To fully understand the makeup and success of household financial portfolios and family businesses, it is important to understand the use of owner resources in a holistic manner.     

CHANGES IN THE COMOVEMENT OF EUROPEAN EQUITY MARKETS

This paper investigates the impact that the removal of exchange controls within major European economies has had on the interdependence of European equity markets. For five years prior to the removal of exchange controls and five years following their removal, we use impulse responses and variance decompositions from vector autoregressions to illustrate that European equity markets have become substantially more integrated after the removal of exchange controls. We undertake further tests that demonstrate that, even if we allow for parallel macroeconomic harmonization, the removal of exchange controls has been a major cause of increased equity market integration within Europe. ( JEL F33, F36, G15)     

Community Banks and Loans for Nonmetropolitan Businesses: A Multilevel Analysis from the 2007 Survey of Business Owners

Access to financial capital is vital for the sustainability of the local business sector in nonmetropolitan communities. In this article we develop two hypotheses and examine the impact of financial sector restructuring on the odds of using a bank loan to finance a new business or expand an existing business. Focusing on nonmetropolitan American businesses, we connect restricted tabulations of the 2007 Survey of Business Owners to data on the commuting zones (CZ) in which businesses are located. We use multilevel logistic regression models to predict the effects of community bank presence within the CZ on the odds of using a bank business loan to start or expand a business for nonmetropolitan businesses started or purchased since 2000. Net of important characteristics of the businesses and owners, we find that the greater the proportion of local banks in a nonmetropolitan CZ, the greater the odds that a conventional business loan was used to either help start a new business or expand an existing business.     

A Mathematical Model of the Housing Decisions of Elderly Homeowners

This article presents a mathematical model that attempts to capture the factors that are most important in determining an elderly homeowner's housing decision. The factors considered include the homeowner's home equity, financial assets, income, housing cost, and psychological attachment to the home. The findings indicate that the various factors may have quite different effects across the varied housing actions that the elderly may take. This suggests that any empirical analysis regarding the home ownership decisions of the elderly needs to distinguish among the different actions that the elderly can take.     

Transformative capacity, information technology, and the making of business 'experts'

This paper explores the making of experts and the basis of claims to expertise in corporate organisational settings. The performance of expertise within organisations is increasingly associated with the implementation and use of integrated business information systems which purport to abstract the world into an informational form to make businesses run more efficiently. We argue that as these systems are put to work to replace the calculations of human experts, we are required to rethink how expertise is constituted as a political and performative process. We focus on the provisos and qualifications that surround the use of calculative techniques and the worries and scepticism over the correctness, accuracy and interpretation of numbers and figures derived from systems of calculation. Rather than identifying expertise as the capacity to make calculations and to abstract ‘representations’ from the ‘real world’, a job increasingly done by information systems, we find expertise being performed in the transformation of things of different orders which enables representations to be returned to the world through allusions to their transformative effect.     

Domestic Division of Labor and Self/Organizationally Employed Differences in Job Attitudes and Earnings

This study analyzes the association between self-employment and work-related outcomes including negative spillover between work and home, earnings, and job attitudes. National Study of the Changing Work Force 1997 data support the idea that self-employment provides workers with more scope for matching work activities to their presumed roles in the domestic division of labor. Among married women, the self-employed experience is associated with less negative spillover from job-to-home, greater job satisfaction, and less job burnout. Where pre-school children are present, the earnings of self-employed women are much less than the earnings of the organizationally employed. Among men, self-employment is associated with more job-to-home spillover when there are small children in the family, and with greater job satisfaction.     

The effects of maternal working conditions and mastery on child behavior problems: studying the intergenerational transmission of social control.

We assess the impact of maternal sense of mastery and maternal working conditions on maternal perceptions of children's behavior problems as a means to study the transmission of social control across generations. We use a sample of 521 employed mothers and their four-to six-year-old children from the National Longitudinal Survey's Youth Cohort in 1986. Regarding working conditions, we consider mother's hourly wage, work hours, and job content including involvement with things (vs. people), the requisite level of physical activity, and occupational complexity. We also consider maternal and child background and current family characteristics, including marital status, family size, and home environment. Maternal mastery was related to fewer reported behavior problems among children. Lower involvement with people and higher involvement with things, as well as low physical activity, were related significantly to higher levels of perceived problems. In addition, recent changes in maternal marital status, including maternal marriage or remarriage, increased reports of problems; stronger home environments had the opposite effect. We interpret these findings as suggesting how maternal experiences of control in the workplace and personal resources of control can influence the internalization of control in children.     

Job turnover, wage rates, and marital stability: How are they related?

This study examines the interplay between job stability, wage rates, and marital stability. We use a Dynamic Selection Control model in which young men make sequential choices about work and family and estimate the model using an approach that takes account of self-selection, simultaneity and unobserved heterogeneity. The results quantify how job stability affects wage rates, how both affect marital status, and how marital status affects earnings and job stability. The study reveals robust evidence that job changes lower wages and the likelihood of getting married and remaining married. At the same time, marriage raises wage rates and job stability. To project the sequential effects linking job change, marital status, and earnings, we simulate the impacts of shocks that raise preferences for marriage and that increase education. Feedback effects cause the simulated wage gains from marriage to cumulate over time, indicating that long-run marriage wage premiums exceed conventional short-run estimates.