For sale: body scans,boutique care & second opinions

Examine the rapid rise in retail health care. Is selling medical treatments and advice directly to consumers the right thing to do?     

Financial Market Variables do not Predict Real Activity: Further Evidence

Previous studies argue that financial variables do not help forecast U.S. output growth. F statistics for excluding financial variables from output growth equations depend on the sample period and the inclusion of 1974:12 in the sample. Also, an autoregressive model of output growth often provides better forecasts than models with lagged financial variables included. I decompose output into permanent and cyclical components and ask whether financial variables help forecast either component in isolation. The paper‐bill spread does improve in‐sample forecasts of cyclical output, but no financial variable helps forecast either cyclical output or permanent output growth out of sample.     

Leading well is a matter of resources: Leader vigour and peer support augments the relationship between transformational leadership and burnout

ABSTRACT

Although studies suggest that transformational leaders play an important role in employee health and well-being, the relationship between transformational leadership and employee burnout remains unclear. One reason may be that moderators may play an important role. Building on conservation of resources theory, we examined if leaders’ perceptions of internal and external resources in terms of vigour and peer support augmented the relationship between transformational leadership and employee burnout in a sample of municipality workers and their leaders in Sweden (N?=?217). Multilevel analyses over two time points revealed that both vigour and peer support enhance this relationship, such that when leaders experience high levels of vigour or peer support, the negative relationship between transformational leadership behaviours and employee burnout was strengthened. Our findings suggest that both personal and contextual resources may help leaders to better engage in transformational leadership, which is important in order to protect employees from burning out.