Notional defined contributions (NDC): Solvency and risk in Spain

The aim of this article is twofold: to demonstrate the actuarial imbalance in the Spanish pension system in its current form; and to measure the degree of aggregate economic risk to which pensioners are exposed when applying formulas for the calculation of retirement pensions based on notional accounts. The model used generates scenarios for various periods encompassing some 10,000 different permutations of the macroeconomic indices needed to calculate such parameters as initial pension, earnings replacement rate, or internal rate of return and value at risk. The findings are analysed both objectively and subjectively. The main conclusions are that if the projections for the macroeconomic indices used bear only a minimal resemblance to reality, the pension system will accumulate further financial imbalance in the future that will force it either to reduce initial pensions considerably or to make some radical adjustments to the parameters. In terms of risk, for beneficiaries with high risk aversion the preferred formulas would be those based on future variations in wages with a constant pension amount in real terms; on the other hand, those less averse to risk would prefer formulas that generate a smaller initial pension but one which grows in real terms with subsequent changes in wage levels.     

Human Resource Department Power and Influence Through Symbolic Action

The present study integrates theory and researchon power, politics, and social constructionism toinvestigate how human resource (HR) departments inorganizations gain influence. Survey results from 242 organizations demonstrated that symbolicactions are stronger predictors of HR department powerthan unionization, HR performance, and top managementattitudes. Implications of the results are discussed as are directions for futureresearch.     

Endogenous reference points and the adjusted proportional solution for bargaining problems with claims

 A modification of the proportional solution for bargaining problems with claims is proposed. This solution is constructed by considering an endogenous reference point. Characterization results of the aforementioned solution are provided. Received: 22 December 1993/Accepted: 12 August 1996     

Identical preferences lower bound solution and consistency in economies with indivisible goods

We consider the problem of allocating a finite set of indivisible goods and a single infinitely divisible good among a group of agents, and we study a solution, called the Identical Preferences Lower Bound solution, in the presence of consistency properties. This solution is not consistent. We prove that its maximal consistent subsolution is the No-envy solution. Our main result is that the minimal consistent extension of the intersection of the Identical Preferences Lower Bound solution with the Pareto solution is the Pareto solution. This result remains true in the restricted domain when all the indivisible goods are identical, but not when there is a unique indivisible good.This paper was developed during my stay at Rochester University in the summer of 1992. I would like to express my special thanks to Professor William Thomson for all his help and advice. Iam also grateful to my supervisor Luis Corchón, to Koichi Tadenuma and to the anonymous referees for their helpful comments. The remaining errors are my exclusive responsibility. Financial support from the DGCYT under project PB 91-0756 and the Instituto Valenciano de Investigaciones Económicas are gratefully acknowledged.     

Educating Women: Gender Inequalities among Canadian University Graduates*

Dans le présent article, les auteurs proposent une analyse comparative des revenus et du chomage dliommes et de femmes diplômés universitaires entre 1978 et 1988. Les résultats montrent que le sexe continue d'exercer une influence importante sur ces données; le rapport global hommes-femmes est en effet passé de 84% a 91%. Seule une petite partie de l'écart des revenus peut s'expliquer par des différences entre les hommes et les femmes au regard du recrutement sur le marché du travail. Les auteurs considèrent ces résultats révélateurs de la ségrégation entre les hommes et les femmes, et que celle-ci mène à des différences dans les cheminements de carrière. De plus, pour l'avenir, ils prévoient que, tandis que l'écart des revenus continuera probablement de diminuer, les formes d'inégalité entre les diplômés seront peut-ôtre de plus en plus marquées, surtout que l'écart des revenus est en déclin parmi les cohortes récentes. This paper compares male versus female income and unemployment for three cohorts of university graduates between 1978 and 1988. Results show that gender became a weaker predictor of these outcomes, with the female-male earning ratio growing from 84% to 91% over this period. Nonetheless, a notable wage gap remained in later cohorts, and for one cohort income disparities widened with time in the labour market. Moreover, only a relatively small portion of the earnings gap could be attributed to male-female differences in market endowments. The authors interpret these results as illustrating gender segregation within occupations that result in disparate earning trajectories. Also, it is suggested that while the wage gap will likely continue to shrink, future patterns of inequality among graduates may become increasingly uneven, especially since real wages are declining among recent cohorts.     

Toward Mutual Support: A Task Analysis of the Relational Justice Approach to Infidelity

Gender, culture, and power issues are intrinsic to the etiology of infidelity, but the clinical literature offers little guidance on how to work with these concerns. The Relational Justice Approach (RJA) to infidelity (Williams, Family Process, 2011, 50, 516) uniquely places gender and power issues at the heart of clinical change; however, this approach has not been systematically studied. Therefore a qualitative task analysis was utilized to understand how change occurs in RJA. The findings indicated four necessary tasks: (a) creating an equitable foundation for healing, (b) creating space for alternate gender discourse, (c) pursuing relational responsibility of powerful partner, and (d) new experience of mutual support. Therapists' attention to power dynamics that organize couple relationships, leadership in intervening in power processes, and socio‐cultural attunement to gender discourses were foundational to this work. These findings help clarify the processes by which mutual healing from the trauma of infidelity may occur and offer empirically based actions that therapists can take to facilitate mutual support.     

Risk Perception Among Smokers: A Qualitative Study

The aim of this qualitative study is to identify the dimensions people used to assess the risk of smoking and then compare them with those used by health professionals in primary healthcare. Five discussion groups were conducted. The field work was carried out in Barcelona (Spain), from February 2005 to January 2006. Data were analyzed following a semantic‐thematic categorical content analysis (ACC‐ts). Results showed that people tend to employ stereotypical discourses when evaluating the risk of smoking. Similarly, they reassess the risk in the context of their life experience and incorporate new nuances to the arguments sustaining their behavior. Once this reassessment takes place, the decision to continue smoking emerges, and smokers come up with additional arguments justifying their habit (i.e., age, benefits related to costs). Professionals are aware of this process and its multidimensional nature. Nevertheless, their discourse loses this multidimensional feature when discussing the strategies they use at smoking cessation interventions. This qualitative study increases the understanding of various meanings that people attribute to their life experience. These assumptions may be useful for developing health practices that are closer to people. As a practical utility of these results, it would be interesting to apply a preliminary assessment of the different meanings that people attribute to smoking from their life context in risk communication.     

Beyond Triangulation: Reconstructing Mandela’s Writing Life through Propulsive Facilitation at the Archive

Qualitative Sociology - Multimethod studies generally fall under what are referred to as “confirmatory” or “complementary” approaches. Yet in addition to these two...