HOUSEHOLD PRODUCTION AND SEXUAL ORIENTATION

The 2006 Canada census is used, along with a well‐known model of household production, to estimate the value of household commodities produced by gay, lesbian, and heterosexual couples. The results show some intriguing differences and similarities. Unlike heterosexuals, gay and lesbian couples respond differently to changes in the cost of time. However, all couples are characterized by the importance of market goods over time and the importance of human capital in the market over the home, with respect to household production. Hence, although there are differences in the sexual division of labor between households of different sexual orientations, the value of household commodities is mostly driven by differences in the amount of market goods used in the home. Market goods are determined by income, and differences in income within a couple‐type swamp differences in income across couple‐types, and as a result there is no statistical difference in the value of household commodities produced across the three sexual orientations. (JEL D13)     

Race and Gender Differences in Workplace Autonomy: A Research Note

While many studies have focused on race and gender differences in monetary labor market rewards, few studies have used national samples to examine race and gender differences in nonmonetary labor process rewards. Utilizing multivariate analysis on data from the 1993 and 1997 National Employee Survey, the present study examines how race and gender interact in shaping workplace autonomy. We regress an index of autonomy on human capital, structural level variables, and race and gender interaction terms. Findings show that black and white females, relative to white males, fare worse net of controls for human capital and structural level variables. Black males fare worse than white males when controlling for human capital but this disadvantage fails to retain its significant effect when controlling for structural level variables. We conclude that contrary to some beliefs that black females have experienced greater success in the labor market as a result of affirmative action policies, black females remain hindered by the double jeopardy of race and gender.     

ESTIMATING CAPITAL EFFICIENCY SCHEDULES WITHIN PRODUCTION FUNCTIONS

I estimate capital efficiency schedules within a production function, allowing the data to reveal how the efficiency of capital goods evolves as they age. A parameterized investment stream is used as a capital variable in a production function, and the parameters of the production function are estimated simultaneously with the parameters of the investment stream. Plant-level panel data for steel plants employing a common technology are used to estimate the model. I find that the estimated efficiency schedules appear to follow a geometric pattern, which is consistent with the estimates of economic depreciation of Hulten and Wykoff [1981].     

Community conflict resolution: the development of social capital within an interactional field

Purpose: In recent years, we have seen the concept of social capital incorporated into academic and popular discourse within the United States and across the globe. Social capital has been linked to the differences in land sale prices among agricultural producers to the economic decisions individuals make as they participate in a market economy to educational attainment, and the collective benefit of more effectively managing the physical and economic resources of a collective.Justification for the focus on social capital has been based on the role social capital plays in enhancing the ability of communities to manage human, economic, and environmental capital. High degrees of social capital have been suggested to enhance a community’s ability to manage controversy. Yet, little is known about the development of social capital within a community. Questions arise such as, “Does a community have to have social capital before a conflict develops if it is to successfully resolve a community wide dispute? If not, then what conceptual framework will provide insight into the development of social capital as a community engages local conflict?”This paper provides a linkage between the community literature, which examines community as an interactional field and the evolving concept of social capital. The concept of community as an interactional field was supported by Kauffman (1959) as he presented an argument that community can be viewed as a field of social interaction, which when strengthened and focused, the result is the creation of public good oriented actions. This public focus provides a structure to better organize and manage community wide resources.Wilkinson, a student of Kauffman, continued this conceptual work as he described two fields. The social field and the community field. The primary distinction between the two fields is that in the social field individuals pursue their own self interest while a community field cuts across these fields and is more generalized. It is within the community field that we see collective action focusing on public good.Methods: Drawing upon a case study the question of “how does social capital develop?” is addressed. This paper examines the development of social capital within the context of a community conflict. By examining the process through the lens of community as an interactional field the development and impact of social capital is highlighted. Utilizing a case study of a small rural Nebraska community the process of social capital development is examined as a small geographically isolated rural community engages across social fields building social capital as it heals and gains skills to manage its human, economic and environmental resources.In this paper I provide a theoretical overview of the conceptual components of social capital, link those to the concept of community as an interactional field and use this theoretical synthesis to examine a case study of a small Nebraskan community as it attempts to resolve a serious community conflict.Results: The findings suggest that social capital is a consequence as well as a cause of community action. The interaction within the social field provides a preliminary forum for increased acquaintanceship densities, which provide in-depth personal knowledge about players across social fields and beyond specific self interests. Norms develop, trust and reciprocity evolve from the increased acquaintanceship density across social fields. Social capital develops as the collective action takes on a community focus versus that of a specific individual or organization. In the case of Alton, Nebraska, social capital developed within the community field as the residents engaged in conflict over a local school.Conclusion: This case study provides insight into how social capital not only can enhance the community’s ability to manage resources but may develop as a consequence of collective action such as resolving a local conflict.     

DOES ECONOMIC FREEDOM AFFECT THE PRODUCTION FRONTIER? A SEMIPARAMETRIC APPROACH WITH PANEL DATA

This paper applies a multistep semiparametric stochastic production frontier estimator to investigate the effects of economic freedom (EF) on the production frontier and technical efficiency. We allow output elasticities and technical efficiency to depend on EF, estimate a smooth coefficient stochastic production frontier, and compare with parametric alternatives. Our results highlight the flexibility of semiparametric approaches as we find parametric approaches are too restrictive in estimating marginal productivity. Output elasticities of labor, human capital, and physical capital vary with the level of EF and our average efficiency estimates are at least 20% higher than those obtained from parametric counterparts. (JEL C14, O43)     

Berufliche Qualifizierung für Arbeitslose

The efficiency of publicly financed training measures is discussed. Findings concerning evaluation have for the most part diverged as a result of data problems. The article examines the efficiency of publicly financed training programs for East Germany which aim at reintegrating unemployed persons. The analysis is based on longitudinal data of the ?Berufsverlaufsstudie Ostdeutschland“ (occupational trajectories in East Germany) for the period 1990–1997. Analytically, the effect of training measures is split into a ?human capital“ and an ?institutional“ effect. Both effects are analyzed in a multivariate event history model. They operate in contrary directions: the institutional effect is marked by delayed reintegration of unemployed into work whereas the human capital effect results in better labour market chances due to additional credentials. In times of rapidly changing labour market structures the institutional effect overrides the human capital effect. In the East German transformation process, publicly financed training measures have not proved to bean efficient political instrument to speed up the reintegration of the unemployed people into gainful employment.     

Computers and Productivity: are Aggregation Effects Important?

This article examines the empirical implications of aggregation bias when measuring the productive impact of computers. To isolate "aggregation in variables" and "aggregation in relations" problems, we compare production function estimates across specifications, econometric estimators, and data levels. The results show both sources of bias are important, especially when moving from sectors to the economy level, and when the elasticity of all types of noncomputer capital are restricted to be equal. The elasticity of computers is surprisingly stable between industry and sector regressions and does not appear biased by incorporating a restrictive measure of non‐computer capital. The data consistently show that computers have a large impact on output.     

Health and the household

We underscore the close link between the economics of the household and health economics in a framework in which consumers produce their fundamental objects of choice. Health is produced with inputs of market goods and services and the own time of the consumer. Health is demanded not only because it is an argument in the utility function but also because it determines the amount of time available for market and nonmarket production. The latter motive points to health capital as one component of the stock of human capital. The economics of the household has much to say about the determinants of investment in this type of capital. The five health economics papers in this issue of Review of Economics of the Household are connected by an emphasis on the role of time in the production of two aspects of health: obesity and the general health of elderly persons.      

Basic relationships between human capital,migration and labour markets in the Western Balkans: An econometric investigation

The high outward mobility that characterises the countries in the Western Balkan region—already for three decades—is often seen as tightly linked to labour market imbalances and persistently low utilisation of human capital over time. To shed light on these issues we analysed the effects of labour market determinants and human capital endowment on migration and vice versa by estimating simultaneously a system of equations that accounted for such relationships in the context of WB countries. The period under analysis is 2007–2019 and the destination countries are the EU15. The empirical results confirm the importance of wage gaps and their changes as an important pull factor for driving emigration. In addition, gaps in human capital emerge as a powerful determinant for explaining emigration into countries where returns to human capital are relatively higher.     

Predicting Earnings Among Immigrants To Canada: The Role Of Source Country

The current study examines the importance of country of origin in predicting the labour market earnings among recent immigrants to Canada. The authors argue that, in addition to individual‐level characteristics associated with immigrant capital, macro‐level features associated with immigrant origins must be taken into account when considering the economic performance of immigrants in their host country. Country‐level factors are said to accompany immigrants to their destination country, which generate disparities in the “quality” of immigrants’ human and social capital across origin groups, as well as differences in how they are received by the resident population. The present study uses random effects multilevel modelling to investigate the extent to which immigrant incomes vary randomly across source country while taking into consideration individual‐level characteristics selected on the basis of human capital, social capital, and discrimination theories. Multilevel regression analysis confirms that immigrant incomes indeed vary significantly by country of origin, though the effect is small. Furthermore, it is revealed that the gross domestic product (GDP) of the sending country explains much of the level 2 variability in the labour market earnings of recent immigrants, as well as the relationship between racial minority status and immigrant incomes. The practical significance and policy implications of these findings are discussed.     

Union membership,economic rents,and migration behavior

This study represents an extension of the human capital paradigm as it relates to an individual’s decision to migrate. It differs from previous studies by incorporating union membership, a labor market variable, into the model. In effect, the National Labor Relations Act of 1935 granted a monopoly bargaining position to unions. The theoretical implication of a union’s monopoly bargaining position is that union wage levels will increase relative to nonunion wages. The increase of relative wages results in union membership granting a property right that possesses positive net present value and hence reduces an employed union member’s probability of migrating. Additionally, the supra-competitive remuneration of union members results in a surplus of labor supplied to union firms. Employers respond by using quality screening to hire workers from the larger labor pool. As a result, unemployed union members will on average possess higher levels of human capital, which will increase their probability of migrating above that of their unemployed nonunion cohorts.     

The private sector and urban housing production process in Nigeria: A study of small-scale landlords in Abuja

The private production system continues to supply the majority of housing to the population of Third World cities. In Nigeria, statistics show that the bulk of urban housing units is supplied for rent by small-scale private landlords. This paper examines the process of housing production among this category of producers using, as a case study, the peripheral settlements of Abuja, Nigeria's new capital city. A predominance of small-size sole proprietorships is established among the small-scale house building firms, mostly for reasons of maintaining operational flexibility and cost saving. It is also found that the greatest attraction of investing in rental housing by small entrepreneurs is the hedge it provides against inflation and the stability and permanence it introduces into the capital base of economic pursuits. A strong influence of traditional chiefs in land supply is revealed, together with the emergence of a commercialised land market, resulting in speculation and contributing to rising land prices. It is shown that building materials are the most problematic of the key building components to the housing production process. It is argued that small building firms would make more profit if they had access to formal sector working capital and that the practice of using casual workers in project execution has the advantage of enabling firms to survive periods of job drought, but does not encourage growth of the firms, apprenticeship training and skills development in the house construction industry. It is concluded that what is needed to enhance the operation of this category of producers is for government to accept an enabling role that will seek to minimise the financial burden and risks to which they are currently exposed.     

DEPRECIATION IN PRODUCTION ANALYSIS AND IN INCOME AND WEALTH ACCOUNTS: RESOLUTION OF AN OLD DEBATE

In this article, I propose a resolution for the long-standing controversy over depreciation. I develop, from capital theory, income and wealth accounting capital concepts and compare them with those from production analysis and productivity measurement. I conclude that depreciation in economic accounts is exactly the same measurement as in production analysis. As for empirical implications, market-based measures of depreciation are appropriate for economic accounts, provided they are appropriate empirical measures of economic depreciation.     

Pathways to sector selection: A conceptual framework for social enterprises

As hybrid organizations with financial and social objectives, social enterprises must balance competing logics for governance, stakeholders, and outcomes when considering organizational design and structure. The existing legal landscape for organizations exacerbates this dilemma by forcing social enterprises to incorporate as either a nonprofit or for‐profit organization. This research examines the entity formation process for social enterprises by presenting sector choice as an interaction among four factors: equity financing, organizational lineage, human capital, and funding environment. Using a qualitative comparative case analysis, this research demonstrates that contingent factors drive sector choice when legal incentives and institutional pressures are unclear. For those choosing nonprofit forms, the status of the parent organization—the organizational lineage—is determinative. For those operating in the for‐profit context, human capital is predictive. The resulting conceptual framework contributes to existing organizational theory on hybrid organizations by presenting the sector selection process as independent of the motives or legal incentives typically associated with sector choice. This research concludes with a discussion on the advantages of delaying the formal sector declaration process.     

Financial Literacy,Human Capital and Stock Market Participation in Europe

Households’ stock market participation has significant effects on savings and on an economy’s financial development and performance. Yet participation into capital markets is limited and quite heterogonous both among and within several countries. This phenomenon represents an empirical puzzle whose understanding is rather incomplete. In this work, we exploited a combination of datasets for nine European countries and used different econometric specifications that allow to control for endogeneity of financial literacy and human capital, to assess the role of several variables in affecting the probability to participate in the stock market in year 2010. Besides socio-demographic variables, we found that financial literacy has a positive and significant effect on stock market participation, together with the level of human capital and social interaction. Country level differences are explained by such institutional factors as the effectiveness of the education system and by the attractiveness of the stock markets.     

The cloud factory: Making things and making a living with desktop 3D printing

This paper presents a case study of an open-source 3D printer called ‘Rep-rap’. 3D printing derives from computer numerical control machinery, a technology first introduced against a background of industrial conflict. This historical fact reactualises labour process theory as a theoretical resource. However, the hobbyists in the Rep-rap project are located ‘outside’ the typical setting studied in labour process theory, that is, the workplace. The case study is, therefore, suitable for examining the limits of labour process theory. Its key tenet regarding structured antagonism between labour and capital is put to the test when the ‘point of production’ is located in a community and ‘labour’ consists in non-remunerated contributions by hobbyists (i.e. non-employees). Drawing on theories of the social factory and free labour in the cultural sector, the article argues that this is changing as hobbyists, fans, makers, etc., are put to work by start-up firms and venture capital in the so-called “sharing economy.”     

Managing Organizational Social Capital through Value Configurations

Nonprofits are said to serve as places for the reproduction of social capital. However, little is known about how to manage social capital in a nonprofit. This article presents a theory‐based perspective on how to plan, execute, and measure social capital production in a nonprofit organization. By using the concept of value configurations as a method to analyze and describe the creation of organizational social capital, bonding and bridging social capital can be managed in alternative ways. In a value shop framework, the participants are more homogeneous, and growth is heavily based on referrals and reputation as well as the quality of the members. Organizations managed as value shops will foster bonding social capital. In contrast, a value network framework incorporates more likely heterogeneous, multilevel participants that add legitimacy to the network. Organizations in this framework will strengthen the evolution of bridging social capital.     

社会资本的劳动力市场效应估算——关于内生性问题的文献回溯和研究策略

内生性问题是社会科学定量分析面临的重要挑战之一。如何通过不同的模型识别策略来消减内生性问题,判定因果关系,成为了近来西方社会资本研究领域的前沿议题。本文围绕社会资本的劳动力市场效应,从使用社会关系、使用了的社会资本和可使用的社会资本这三条主线,重点回溯了相关研究中的内生性问题和模型识别策略。最后,本文提出今后社会资本实证研究中模型设置、数据搜集纵向跨度、横向跨度、外生变量挖掘、研究假定说明和复制性研究等六大努力方向。     

试论建立与服务经济相适应的资源配置体系

服务经济是指以知识、信息和智力要素的生产、扩散与应用为经济增长的主要推动力,以科学技术和人力资本的投入为核心生产方式,以法治和市场经济为制度基础,经济社会发展主要建立在服务产品生产和配置基础上的经济形态。加快形成以服务经济为主的产业结构,是上海创新驱动发展、经济转型升级的必然要求。从服务经济发展的一般规律看,它包含与经济社会发展相关的一系列配套内容,主要包括市场体系、区位布局体系、创新体系、社会体系等。发展服务经济,需要整体构建与服务经济相适应的资源配置体系。     

CAN THE HUMAN CAPITAL APPROACH EXPLAIN LIFE‐CYCLE WAGE DIFFERENTIALS BETWEEN RACES AND SEXES?

Using data from the National Longitudinal Survey of Youth–1979 cohort (NLSY79), this paper shows the importance of postschool human capital investment in describing both gender and racial wage gaps. The empirical results suggest that male-female wage gaps, regardless of race, are mainly caused by gender differences in the human capital production process; generally, men gain more work experience and therefore have lower marginal costs of human capital production. Black-white lifetime wage differentials could partly result from higher implicit interest rates for blacks, while the deterioration of black males' relative economic status as they age can be attributed to higher depreciation rates of their human capital stock. ( JEL J24, J30, C61)