An analysis of anti-money laundering in the German non-financial sector

Journal of Management and Governance - European anti-money laundering (AML) law obliges both financial and non-financial private companies to contribute to combatting money laundering. Since the...     

Demographic change, endogenous labor supply and the political feasibility of pension reform

Options for reforming unfunded public pension schemes that are now being discussed all share the feature that the burden induced by demographic change would be shifted towards presently living and away from unborn generations. Existing models of the political economy of pension reform can not explain why such reform options are being discussed at all. We present an alternative model in which the possibility of evasion of workers from payment of social security taxes is taken into account by modelling a labor supply function. It turns out that the burden of demographic change may fall completely or at least predominantly on the pensioners. Thus this type of model can much better explain recent trends in legislature on unfunded public pension systems in industrial democracies. Received: 7 January 1999/Accepted: 20 December 1999     

Recent Immigrant Settlement in the Nonmetropolitan United States: Evidence from Internal Census Data*

Abstract In the 1990s, studies have documented widespread growth of immigrants in U.S. communities not known as common destinations in the past. This trend has fueled population growth in some nonmetropolitan areas and offset population decline in other areas. In this paper, we examine the implications of recent foreign born in-migration for rural America. Our focus is on a collection of 59 nonmetropolitan counties where growth in foreign born stock offset declines in U.S. native population and resulted in increased local population by 2000. To understand these nonmetropolitan offset counties, we use confidential Census Bureau data that offer us the detailed geography and larger sample size needed to closely examine spatial shifts in the foreign born population, especially those recently arrived. Our findings illustrate dramatic compositional shifts in the populations of these areas, and suggest new demographic complexity in nonmetropolitan areas in the 21^st century.     

Working around the Barriers to Creating and Sharing Knowledge in Capital Goods Projects: the Client's Perspective*

The article considers knowledge management issues from the client's perspective. In the example presented, a sludge treatment centre procured by Northumbrian Water Ltd (NWL), the task faced by the client was to manage knowledge in a context where the core technology being procured was new and resulted in the need for new knowledge to be created and shared both pre‐ and post‐delivery. In exploring these issues, the article reveals the problems of (and some solutions to) managing knowledge across the project life‐cycle and between different groups, where the motivation for generating and sharing knowledge was not the same for all participants.     

Brutality of Jihadist terrorism. A contest theory perspective and empirical evidence in the period 2002–2010

We interpret the emergence of Jihadist terrorism in the light of contest theory. Al Qaeda may be portrayed as a contest organizer, providing a ‘prize’ to the best terrorist group. Each group maximizes its probability of winning by launching attacks more destructive than previous ones perpetrated by competing groups. This hypothesis is confirmed by the empirical analysis which shows that the number of victims of terrorist attacks increases compared to number of victims of previous attacks in the same country. An upward trend in terrorist brutality is the outcome of competition between groups. Results also show that Al Qaeda-style terrorism is associated with poverty and underprivileged socio-economic conditions.     

Repression and other Forms of Cognitive Evasiveness: Implications for Stress Symptoms in College Students

Abstract

Lazarus has proposed that palliative defenses against threat that interfere with direct efforts to alleviate the threat may prove maladaptive. Three evasive cognitive attributes that circumvent awareness of threat were studied to determine whether they related to the prevalence of stress symptoms in college students. Repression (selective forgetting of threatening material), awareness of the repressive defense, and internal scanning (breadth of association to cues) were considered. College students of both sexes who engaged in evasive cognitive activity reported more stress symptoms than those who did not, with a progressive increase in stress as increasingly homogeneous groups were considered. Students who defended themselves by repression experienced more stress than those who did not. Repressors who were the least aware of their use of this defense reported even more stress. Unconscious repressors who were the least reflective (narrow scanners) showed the highest frequency of stress symptoms.     

Another Tale of Two Tails: On Characterizations of Comparative Risk

We characterize the classes of utility functions that are consistent with different notions of mean preserving spreads introduced in the literature. This gives rise to a unified approach and extension of some definitions of increasing risk, including the concepts of Rothschild and Stiglitz (1970) and Landsberger and Meilijson (1990a,b). The main idea is to restrict the centers of the mean preserving spreads to an arbitrary subset.     

Planning for Giro

Giro's recent commercial successes in the U.K. have been widely reported. The reconstruction of its capital and its plans to provide wider banking services have been publicly debated.In this article Alfred Singer, a past Chairman of the Society for Long Range Planning, describes the planning process in Giro—its past achievements and mistakes; its present challenges; and its future aspirations.