Turnover turned over: an expanded and positive perspective

The negative impact of turnover is well documented in the literature. This paper examines turnover with a unique, positive focus. Turnover is reviewed, not only from the standpoint of the organizational theorist, but with economic, sociological, and psychological/social psychological perspectives. Often ignored benefits of turnover are noted.     

The Social Transformation of Trust in Government

The phenomenon of declining political trust among the American public has been widely discussed, with the explanations often focusing on specific historical events or the unique problems of American political institutions. We first demonstrate that public doubts about politicians and government are spreading across almost all advanced industrial democracies. The pervasiveness of this trend suggests that common social forces are affecting these nations, and we examine the social correlates of the decrease in trust. We find the greatest declines are among the better-educated and upper social status. These results suggest that changing citizen expectations, rather than the failure of governments, are prompting the erosion of political support in advanced industrial democracies.     

On the Measurements of Board Composition: Poor Consistency and a Serious Mismatch of Theory and Operationalization

Over two dozen operationalizations of board composition can be identified from the empirical literature. A structural equations confirmatory factor analysis (LISREL 8.03) suggests that these operationalizations do not constitute a single construct of board independence. Instead, analyses strongly indicate three separate constructs. Common operationalizations of board composition, then, are neither tenable surrogates for one another nor are they interchangeable. Implications for empirical aggregation of studies, theory/measurement convergence, and the current corporate governance public policy debate are discussed.     

Decomposing the Black-White Wealth Gap: The Role of Parental Resources, Inheritance, and Investment Dynamics

Much research has shown that even after controlling for income, African Americans suffer from drastically lower net worths than their white counterparts; these differences in net worth have important implications for the overall well‐being of blacks and whites. If not directly from labor market disadvantages–i.e., income differentials–then from what does this racial gap in wealth arise? The current study assesses two complementary accounts of this race difference in asset holdings. The first, the historical legacy thesis, suggests that net wealth differences in the current generation are largely a result of discrimination in past generations; that is, they can be traced to the “head start” that whites have enjoyed in accumulating assets and passing them on. The second theory, the contemporary dynamics thesis, holds that current dynamics of institutional racism in the housing and credit markets are more responsible for the gap. The current study tests the relative impact of multi‐generational forces and contemporary property and credit dynamics by using two‐generational data from the Panel Study of Income Dynamics. It finds that parental wealth and income levels and inheritance all have a significant impact on the wealth levels of the current generation net of respondent socioeconomic characteristics; however, parental wealth and inheritance fail to explain the black‐white gap. Further, this study shows that even predicting net worth from that same family's net worth five years prior (also controlling for savings during the interim), there remains a significantly negative effect of African American race. However, breaking out initial net worth into asset types shows that it may be different investment types and returns that explain the difference in asset accumulation over a five‐year period.     

Birth Weight and Development: Bias or Heterogeneity by Polygenic Risk Factors?

Population Research and Policy Review - Birth weight has long been known to be a proxy for prenatal nutrition as well as social stress during pregnancy and, in this vein, has important associations...     

Comparison of Ability Estimation Methods Using IRT for Tests with Different Degrees of Difficulty

The aim of the present study is to determine the dependence of the estimation of individual abilities obtained by item response theory (IRT) in relation to the degree of test difficulty and to evaluate how the estimation error may be affected by the estimation method employed. It is shown that abilities in the scale region with little test information are more efficiently estimated using the maximum weighted likelihood estimation (WLE) method, particularly abilities belonging to the upper part of the scale. The study also demonstrates the importance of largest tests for ability estimation.