Saving and consumption patterns of the elderly

The paper provides an empirical analysis of saving and consumption choices of the elderly in Germany, based on the German income and expenditure surveys 1978 and 1983. Main feature of these data is the large sample size making it possible to analyze saving and consumption patterns of the very old (aged 75 and above).The observed age-consumption profiles are very different from those predicted by the pure life-cycle theory. Although wealth is declining between age 60 and 70, it increases again after 70, such that the very old have the highest savings rates among all age groups and accumulate wealth rather than decumulate it. These profiles are not confounded by cohort effects and mortality differences. The corresponding expenditure data suggest the following explanation: due to the generous German pension system and the almost complete coverage of health expenses by the mandatory health insurance in Germany, the declining consumption n very old age cannot exhaust the annuity income of the elderly such that wealth is being accumulated in old age.Research in this paper was supported by the National Institute on Aging, grant no. 3 PO1 AG05842-01. I appreciate the helpful comments by Doug Bernheim, Angus Deaton, Daniel McFadden, Jonathan Skinner, Konrad 'Stahl and David Wise, and two anonymous referees. I am indebted to Hermann Buslei and Johannes Velling who provided most valuable and able assistance.     

The birth of the queen/the modern homosexual: historical explanations revisited

In this paper I review a number of explanations for the emergence of the modern homosexual category in Western (mainly Northwest European) cultures. I suggest there are four different emphases in respect of the social and cultural factors given priority in interpretations of the formation of the homosexual category. Of course, individual studies have often taken into consideration more than one single factor (most notably, Greenberg, 1988; Chauncey, 1994), and the grouping of previous studies that I here suggest only indicates where the focus of a given study is. The social and cultural factors emphasized in these four approaches are: 1) the effects of competitive capitalism on the bourgeois/middle class political economy of sexuality and sexual morals; 2) the rise of expert knowledges, controlling systems, and modern bureaucracies; 3) tensions within gender order and the struggle over new definitions of gender roles; 4) the rise of free wage labour, the proliferation of urban anonymity, and the unfolding of new modes of existence in the life-world of modern pluralist urban society. Finally, the article briefly considers the potential erosion of the homosexual vs. heterosexual divide in the light of the historical background. Almost thirty years have passed since ‘The Homosexual Role’, by Mary McIntosh (1968), the first notable contribution to the historical sociology of homosexuality operating within a social constructionist view of homosexuality. Since then, there have been numerous studies of the formation of the conceptual category and social aggregate of ‘modern homosexual’. Researchers have differed about whether the pedigree of ‘homosexual’ and homosexual identities and subcultures in Western societies can be traced back to the late nineteenth century or to the early eighteenth century, and whether or not some notion of ‘homosexual’ was established in the cultural imagery before the last fifty years or so. It might be fruitful to distinguish between the historically older categories of ‘molly’, ‘queen’, and ‘fairy’ on the one hand, and the more recent ‘homosexual’ on the other hand. It can be argued that the decisive feature of the first-mentioned ‘deviant men’ was their status as gender-crossers (which as a side-effect entailed an interest in homosexual conduct), whereas the modern term homosexual does not necessarily suggest gender-crossing or more generic ‘sexual inversion’(cf. Chauncey, 1994). However, allusions to gay men's purported effeminacy and lesbian women's purported masculinity continue to surface frequently also in contemporary culture. Hence, for the sake of brevity, I here use the term modern homosexual, by which I refer to a notion that there is in some people an inherent sexual desire exclusively for persons of the same sex, and that this so-called sexual orientation is to some degree intertwined with a tendency to gender-crossing conduct. ¹ 1 Historically there has been a mutually re-enforcing dynamics between the forma-tion of the conceptual category and the social aggregate of homosexual(s). Methodological considerations and also certain presumptions about the dynam-ics of culture and society help explain why, until recently, most studies have focused on the trajectory of concepts, identities, and social roles, rather than on the experiential, embodied aspects of the social aggregate of homosexual(s). The idea of sexual inversion predicates that homosexual desire is evidence of a faulty combination of body and soul: there is ‘a female soul in a male body’, or vice versa. On the distinctions between sexual orientation and sexual role see, King, 1984.
     

Dual Career Couples als eine Variante von Work-Life-Integration

Dual Career Couples as a form of work-life-integrationThe author discusses the situation of dual career couples, when both are university graduates following an own career. Basing on a respective publication she delineates the current, mostly American research and reports on several German research projects, which endeavour to analyse the relation between gender and inequality in dual career couples.     

Interne und externe Coachings in Unternehmen

When organizations employ coaching as an instrument for personnel development, the question arises whether they should opt to engage internal or external consultants. In a first step, this article identifies the characteristics of internal and external coaches by means of a series of criteria. It then goes on to discuss the factors which influence the suitability of choice between an internal or external coach at the level of the organization, in terms of the coachee and in terms of the coach. It becomes apparent that there is a situational consideration of the advantages and disadvantages. The article concludes with an actual example which demonstrates possibilities to combine the advantages of internal and external coaching.     

Mixed contracts for the newsvendor problem with real options and discrete demand

In this paper we consider the newsvendor model with real options under discrete demand. We consider a mixed contract where the retailer can order a combination of q units subject to the conditions in a classical newsvendor contract and Q real options on the same items. We provide a closed form solution to this mixed contract when the demand is discrete and study some of its properties. In particular we demonstrate that a mixed contract may be superior to a real option contract when a manufacturer has a bound on how much variance she is willing to accept.     

Functional Upgrading and Value Capture of Multinational Subsidiaries

This paper investigates the relationship between the value capture of multinational subsidiaries and functional upgrading, which is defined as a diversification of employment from primary business functions to higher value adding activities such as ICT, R&D, marketing or logistics. By combining survey-based business function indicators with longitudinal accounting data for a representative sample of multinational subsidiaries located in six Central and Eastern European countries (CEECs), we assess the impact of functional upgrading on foreign subsidiaries' value capture. The results provide robust evidence that the breadth as well as the scope of functional upgrading induces an upward shift of subsidiaries' value added. The effect of functional upgrading is stronger in the earlier phases after entry of the foreign investor, while the long-term growth trend remains unaffected.     

Zum Einfluss der Inhaberführung auf die Betriebsrat-Geschäftsführer-Beziehung – Eine theoretische und empirische Analyse in mittelständischen Unternehmen

This paper examines the quality of the relationship between business managements and works councils in small and medium-sized enterprises and strives for answering the question, which factors determine the quality. As ownership is an important determining factor of the establishment of works councils in small and medium-sized businesses, especially the impact of ownership on this relationship has been investigated. Agency theory and stewardship theory give hints that the owner management can have different impacts on this relationship. In order to test these contradictory hypotheses we have estimated a Heckman selection model to investigate which factors determine the quality of the relationship between business managements and works councils. Our results based on data generated from a survey in small and medium-sized enterprises conducted by the IfM Bonn in the years 2005 and 2006 indicate that ownership has a negative influence on the establishment of works councils, but a positive one on the quality of the relationship between business management and works council. Thus, the hypotheses predicting the existence of stewardship behaviour among owners and the existence of agency behaviour among managers can be confirmed.