An expectational view of consumer spending prospects

While the path of the economy clearly depends on a lot more than the behavior of consumers, the latter is surely one of the key influences on the former. After all, consumer spending counts for about two-thirds of the total (more if consumer investments in owner-occupied housing are included), and postwar business cycle movements in the U.S. have typically been foreshadowed by significant changes in consumer spending, particularly for automobiles and houses. Thus, whether the economy will be proceeding along at reasonably satisfactory growth rates, sliding into recession, or accelerating into renewed expansion will be heavily influenced by what consumers do.     

The Inter-ethnic Return: Racial and Cultural Multiplicity in Foundational Asian American and Chicana/o Literatures

Abstract

This article advocates that inter-ethnic contact and cross-cultural traffic condition the possibilities of imagining Asian American and Chicana/o identities, respectively, in early Asian American and Chicana/o novels. Using Maxine Hong Kingston's The Woman Warrior and Sandra Cisneros' The House on Mango Street as my primary examples, I demonstrate how early Asian American and Chicana/o literatures that have been critiqued almost exclusively within binary analytic paradigms articulate identity within a diverse field of racial and cultural differences. I argue that, in order to regard properly the inter-ethnic trends of recent US fiction and to liberate foundational minority texts from ethnic specific enclaves within US institutions, scholars need to recognize how negotiating a diverse spectrum of racial and cultural distinctions is a critical element of the early Asian American and Chicana/o literary imagination.     

Inventive productivity and patent quality: Evidence from Italian inventors

This paper examines the inventive performances of a regional set of Italian inventors. After stressing that the distribution of the inventors’ productivity is extremely skewed, we find that patent productivity is not influenced by individual characteristics, but it is higher for the inventors working in teams or in large firms with greater patent portfolios. Instead, patent quality is associated with some individual features such as age, gender and level of education. Accordingly, patented innovations coming from inventors working in small firms or independently can be as valuable as those generated in large companies. The policy implications of these findings are discussed.     

Product Market Regulation and Labor Market Performance around the World

Using annual data on 80 countries for 1980–2007 and a new indicator of product market regulation, this paper studies the effects of product market regulation on labor market performance among the total population as well as among two important groups of labor market outsiders: women and youth. It finds that stricter regulation is likely to both increase the unemployment rate and decrease the employment rate. The magnitude of the estimated effects is substantial. There are above‐average effects on both groups of outsiders, with the effects being particularly strong on youth. The results are robust to variations in specification.     

An Assessment of the Italian 2007 Complementary Social Security Reform: A Simulation Approach

In this paper we aim at assessing the outcomes of the 2007 Italian reform of the complementary social security scheme and at identifying the determinants behind them. The reform provided workers with relevant incentives to switch the investment of about 7 per cent of their gross yearly wages from a firm‐managed scheme (which took the form of a termination indemnity payment, the Trattamento di Fine Rapporto scheme) to an external pension fund. We provide a theoretical framework to model the workers' problem of choosing between these two different forms of complementary social security schemes and we then perform an agent‐based simulation taking into account all the details of the reform. Differently from previous contributions, we stress the impact that the investment decision has on the financial health of firms and, consequently, on workers' employment stability. Our simulations are able to replicate the Italian data in terms of adhesion rates to complementary social security and also to identify some of the key determinants of that outcome, such as fiscal incentives, individual preferences, the working of both the Italian labour and the financial markets and the productive structure of the Italian economy.     

Conditional Cash Transfer Programs,Credit Constraints,and Migration

This paper models the effect of anti‐poverty conditional cash transfer programs on labor migration. Their effect on migration depends on both the size and type of transfers. Conditional transfers, where the potential recipient has to comply with some requirement in order to qualify for eligibility, may decrease contemporaneous migration for some households, but increase future migration for others. In contrast, unconditional grants may increase current migration.     

DETERMINANTS OF TECHNOLOGY ADOPTION: PEER EFFECTS IN MENSTRUAL CUP TAKE‐UP

We estimate the role of peer effects in technology adoption using data from a randomized distribution of menstrual cups in Nepal. Using individual randomization, we estimate causal effects of peer exposure on adoption. We find strong evidence of peer effects: two months after distribution, one additional friend with access to the menstrual cup increases usage by 18.6 percentage points. Using the fact that we observe both trial and usage of the product over time, we examine the mechanisms that drive peer effects. We show evidence that peers impact learning how to use the technology, but find less evidence that peers impact an individual desire to use the menstrual cup.     

The impact of government CSR supporting policies on economic growth

In this paper, we explore the link between socially responsible companies and economic growth across 25 countries during the 2000–2008 period. We extend the growth equation by incorporating corporate social responsibility (CSR) variables and a dummy variable to measure the impact of government CSR-supporting policies. We find that CSR firms are important for economic growth (positively affect growth) and that countries that strongly support CSR achieve higher growth rates. Specifically, countries without an organized and supportive CSR environment and guidelines can hardly expect to increase economy performance through the new growth channels generated by CSR companies (new markets and customers). It is thus important to investigate how CSR companies affect economic growth towards reconsideration of the government's role in CSR promotion as a means to boost economic growth.