Einstellungen zur sozialen Mindestsicherung

Within the debate about the future of the welfare state a guaranteed social minimum income is often discussed as an alternative to the current social security system. One objection to such a proposal argues that a social minimum income lacks social acceptance and normative recognition. Starting from the thesis that the standard instruments of survey research have little to offer for giving a detailed account of the attitudes towards a social minimum, we deploy the more complex method of Factorial Survey Design. The study sample consists of 121 employed persons. Within the study, the focus is on the criteria used and the differentiations made when people are asked to evaluate a just minimum income. It can be shown that a uniform and flat-rate social minimum possesses less legitimacy than a transfer system that differentiates entitlements according to the beneficiaries relation to the employment sphere and certain need criteria. In addition, we find support for the idea of low income subsidies as suggested by the negative income concept. Though the results give evidence of the normative attraction of a social minimum, it is also apparent that the social judgments of the respondents are influenced by in the normative principles of the existing social security arrangements.     

Time-Series Evidence on the Nonlinearity Hypothesis for Public Spending

Barro-type endogenous growth models propose a nonmonotonic relationship between productive public spending and growth. Under this so-called nonlinearity hypothesis the size and direction of growth effects due to an increase in public spending depend on the share of public spending in GDP. Employing German time-series data we examine the validity of the nonlinearity hypothesis. We estimate growth effects by using models whose coefficients are allowed to vary with the share of public spending in GDP. Our results support the hypothesis for public consumption but not for public investment data. (JEL H54 , E62 , C22 )     

视觉现代化——现代艺术背后的人类视觉观念(1)

20世纪初所发生的“视觉现代化”(modernising vision)转向源于自19世纪以来传统的视觉概念所发生的深刻变化。它旨在将人们从过时的观看习惯中解放出来,视觉的本质不应主要被理解为给定可见世界的机械再现模式,而应该从根本上被理解为由文化构造的、具有历史多样性的感知数据的生产性过程。现代艺术试图通过艺术品本身来创造一种现代化的视觉形式,艺术作品被定义为实现视觉现代化的手段或工具,画家试图用艺术来表达一种新的视觉观——观看中充斥着时间的流动,而绝不仅是一个明确的视觉顺序的实现;观看不是一个视觉固定化过程,而是更加有意识地、集中地观察世界。从丢勒式的空间中心透视观到塞尚式的时间和空间相结合的多重透视观,后者更加强调了观者的参与和观看的过程,这种观看方式的变化也是人与世界关系的变化。视觉现代化的探讨在今天仍然具有重要的意义⁽²⁾。     

Rapid Trading bei deutschen Aktienfonds: Evidenz aus einer großen deutschen Fondsgesellschaft

This paper is the first to examine rapid trading among German equity mutual fund investors. Using data on inflows and outflows provided by a large German mutual fund company for all of its equity funds, we find strong evidence for rapid trading. It is particularly pronounced for small funds, risky funds, funds with low nominal prices, and international funds. However, we find no evidence of market timing activities. Furthermore, unlike in the US, rapid trading is less pronounced for funds with high loads. This shows that rapid trading among German fund investors is not explained by churning due to brokers’ advice. Rather, our results are consistent with the view that some investors use mutual funds for short-term, speculative purposes. The funds among which we observe the strongest rapid trading show lottery-like characteristics. Regarding fund performance, we find (at most) only very weak evidence for a negative impact of rapid trading on fund performance before the fund scandal of 2003, and no evidence afterwards.     

The managerial power approach: Is it testable?

Journal of Management and Governance - The central hypothesis of the managerial power approach (MPA) states that power is the main driver of executive compensation. The positive impact of power on...     

The neglected mediating role of self-efficacy in the goal setting process in local public administrations

To analyse the role of self-efficacy in goal setting in public administrations, this study combines goal-setting theory, public service motivation literature and cognitive theory. Using partial least squares structural equation modelling (PLS-SEM), survey data from 105 German civil servants are analysed. The results underline the role of goal setting (represented by goal difficulty and specificity) in determining the self-efficacy of public servants. Public service motivation and goal specificity both increase public servants’ work performance; however, the effects of goal difficulty are negatively mediated by the employee’s self-efficacy. That finding reflects the central role of self-efficacy, which should not be ignored in the goal-setting processes of public administrations.