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Explaining the Black-White Homeownership Gap: The Role of Own Wealth, Parental Externalities and Locational Preferences 解释黑人-白人住房拥有率差距:自身财富、父母外部性和区位偏好的作用
Pub Date : 2007-08-10 DOI: 10.2139/ssrn.1012380
C. Hilber, Yingchun Liu
African Americans in the United States are considerably less likely to own their homes compared to Whites. Differences in household income and other socio-economic and demographic characteristics can only partially explain this gap and previous studies suggest that the ‘unexplained’ gap has increased over time. In this paper we use the Panel Study of Income Dynamics (PSID) intergenerational data, which provides information on household wealth, parental characteristics and macro-location choice. We find that African-American households are 6.5 percent less likely to own if only traditional explanatory variables are controlled for. However, the black-white homeownership gap disappears if differences in own and parental wealth and in the preferred macro-location type are accounted for.
在美国,与白人相比,非洲裔美国人拥有住房的可能性要小得多。家庭收入和其他社会经济和人口特征的差异只能部分解释这种差距,以前的研究表明,“无法解释的”差距随着时间的推移而增加。本文采用收入动态面板研究(PSID)代际数据,提供家庭财富、父母特征和宏观区位选择的信息。我们发现,如果只考虑传统的解释变量,非裔美国家庭拥有房产的可能性要低6.5%。然而,如果考虑到自己和父母的财富以及偏好的宏观位置类型的差异,黑人和白人的住房拥有率差距就会消失。
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引用次数: 81
'Individual' Social Capital, 'Social' Networks, and Their Linkages to Economic Game “个人”社会资本、“社会”网络及其与经济博弈的联系
Pub Date : 2007-08-01 DOI: 10.2139/ssrn.1029156
M. Aoki
Abstract: This essay makes a conceptual distinction between societal categories, such as social networks, norms, and social status differentiation, on the one hand, and social capital, on the other. The former are institutional phenomena arising as outcomes of social-exchange games in which individual agents invest strategically in social capital. Recent development of neuroscience suggests the future possibility of measuring social payoffs in terms of tradeoff relationships with hedonic payoffs. This possibility may suggest that a linked-game approach to social capital and its implications for economic performance are more promising. This approach might make feasible an analysis of socioeconomic network that is not possible using an economic or sociological approach in isolation. Particularly, this essay suggests a way to apply the linked-game approach to the problem of the tragedy of the commons, which is becoming one of most acute public issues of our time.
摘要:本文对社会网络、社会规范、社会地位分化等社会范畴与社会资本进行了概念上的区分。前者是作为社会交换博弈的结果而产生的制度现象,在这种博弈中,个体代理人对社会资本进行战略性投资。神经科学的最新发展表明,未来有可能根据与享乐回报的权衡关系来衡量社会回报。这种可能性可能表明,社会资本的关联博弈方法及其对经济表现的影响更有希望。这种方法可能使孤立地使用经济或社会学方法无法进行的社会经济网络分析变得可行。特别是,本文提出了一种将关联博弈方法应用于公地悲剧问题的方法,公地悲剧正在成为我们这个时代最尖锐的公共问题之一。
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引用次数: 14
Complexity and Innovation: Social Interactions and Firm Level Total Factor Productivity 复杂性与创新:社会互动与企业全要素生产率
Pub Date : 2007-07-01 DOI: 10.2139/ssrn.999294
C. Antonelli, Giuseppe Scellato
The analysis of social interactions as drivers of economic dynamics represents a growing field of the economics of complexity. Social interactions are a specific form of interdependence whereby the changes in the behavior of other agents affect the structure of the utility functions for households and of the production functions for producers. In this paper, we apply the general concept of social interactions to the area of the economics of innovation and technological change. In particular, we discuss how both the knowledge spillovers literature and the Schumpeterian notion of creative reaction can be reconciled within a general framework building on the concept of social interactions within complex dynamics. The paper presents an empirical analysis of firm level total factor productivity (TFP) for a sample of 7020 Italian manufacturing companies observed during years 1996-2005. We show that changes in firm level TFP are significantly affected by localised social interactions. Such evidence is robust to the introduction of appropriate regional and sectoral controls, as well as to econometric specifications accounting for potential endogeneity problems. Moreover, we find evidence suggesting that changes in competitive pressure, namely the creative reaction channel, significantly affect firm level TFP with and additive effect with respect to localised social interactions deriving from knowledge spillovers.
社会互动作为经济动态驱动因素的分析代表了复杂性经济学的一个不断发展的领域。社会互动是相互依赖的一种特殊形式,通过这种形式,其他行动者的行为变化会影响家庭的效用函数结构和生产者的生产函数结构。在本文中,我们将社会互动的一般概念应用于创新和技术变革的经济学领域。特别是,我们讨论了知识溢出文献和熊彼特的创造性反应概念如何在建立在复杂动态中的社会互动概念的一般框架内进行协调。本文对1996-2005年间7020家意大利制造业公司的企业全要素生产率(TFP)进行了实证分析。研究表明,企业层面TFP的变化显著地受到局部社会互动的影响。这种证据对于采取适当的区域和部门控制以及对潜在的内生性问题进行计量经济学说明都是有力的。此外,我们发现有证据表明,竞争压力的变化,即创造性反应渠道,显著影响企业层面的全要素生产率,并对源自知识溢出的局部社会互动产生附加效应。
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引用次数: 4
Beyond Good and Evil: Toward a Solution of the Conflict between Corporate Profits and Human Rights 超越善恶:企业利润与人权冲突的解决之道
Pub Date : 2007-06-04 DOI: 10.2139/ssrn.991241
W. Bradford
There is an ongoing social battle over the power to determine the legal, ethical, and economic substance of the regime that governs corporations and specifies their powers and duties with regard to the protection of human rights. Whereas for much of the history of the modern corporation its object and purpose were widely considered to be settled by domestic law, custom, and social contract, revelations of massive corporate fraud at Enron et al., environmental disasters at Bhopal and in Alaska, allegations of corporate complicity in widespread violations of human rights in the developing world, and the gathering transnational strength of the human rights movement have unraveled this common understanding to form two contending camps with ideologically opposed visions of how corporations should be structured and held responsible for harms connected to their conduct. Both contend upon the terrain mapped out by a new social movement, entitled corporate social responsibility [CSR], which engages a variety of state and non-state actors in contestation over a host of political and legal projects designed by their architects to restrain corporations in their pursuit of self-interest and to hold them accountable to constituencies other than shareholders for their performance along dimensions such as the protection of the environment and human rights. For much of the past two decades the struggle between the two leading paradigms of corporate governance - shareholder theory and stakeholder theory - and, in turn, the evolution of the CSR movement, has been fought within the academy. However, the wave of corporate scandals in the first few years of the third millennium and the increasing sophistication of the international human rights movement have combined to draw the battle out of the academy and into new arenas - judicial, legislative, and regulatory. In this new phase of ideological and political contestation, the champions of shareholder theory are, naturally, many (and perhaps most) corporations and their shareholders. On the other side of the equation, a broad spectrum of nongovernmental organizations [NGOs] - pressure groups, charities, religious groups, interested individuals, and other entities organized around specific themes such as the promotion and protection of human rights, labor rights, indigenous rights, women's rights, and the environment - are the major proponents of stakeholder theory and of a much more expansive view of the obligations owed by corporations to constituencies under the rubric of CSR. What seem like vastly divergent interests, normative commitments, and worldviews of corporations on the one hand and human rights NGOs on the other would suggest the conclusion that conflict is inevitable and cooperation is impossible, especially in the emotion-laden and politically sensitive issue-area of human rights. This conclusion might appear all the more logical in light of the salience of CSR to the international human rights movement
一场正在进行的社会斗争是关于决定管理公司的制度的法律、道德和经济实质的权力,并规定公司在保护人权方面的权力和义务。鉴于在现代公司的大部分历史中,它的目标和目的被广泛认为是由国内法、习俗和社会契约来解决的,安然等公司大规模欺诈的揭露,博帕尔和阿拉斯加的环境灾难,对发展中国家企业共谋普遍侵犯人权的指控,人权运动的跨国力量的聚集打破了这一共识,形成了两个在意识形态上截然相反的阵营,对于公司应该如何组织,以及如何对与其行为相关的危害负责,他们有着截然不同的看法。两者都在一场名为“企业社会责任”(CSR)的新社会运动所描绘的领域展开争论,这一运动将各种各样的国家和非国家行为体参与到一系列政治和法律项目的争论中,这些项目是由它们的设计者设计的,目的是限制企业追求自身利益,并使它们对股东以外的选民负责,因为它们在保护环境和人权等方面的表现。在过去二十年的大部分时间里,公司治理的两种主要范式——股东理论和利益相关者理论——以及企业社会责任运动的演变之间的斗争,一直在学术界内部展开。然而,在第三个千年的头几年里,公司丑闻的浪潮和国际人权运动的日益成熟,使这场斗争从学术界转移到新的领域——司法、立法和监管。在这个意识形态和政治争论的新阶段,股东理论的拥护者自然是许多(或许是大多数)公司及其股东。在等式的另一边,广泛的非政府组织——压力团体、慈善机构、宗教团体、感兴趣的个人以及围绕促进和保护人权、劳工权利、土著权利、妇女权利等特定主题组织起来的其他实体,和环境——是利益相关者理论的主要支持者,也是企业在企业社会责任的名义下对选民负有义务的更广泛观点的支持者。企业和人权非政府组织之间的利益、规范承诺和世界观似乎存在巨大差异,这表明冲突是不可避免的,合作是不可能的,尤其是在充满情感和政治敏感的人权问题领域。考虑到企业社会责任对国际人权运动的重要性——它已成为其议程的首要议题——以及非政府组织所选择的策略——诉讼、在联合国和国内治理领域施加政治压力,以及立法尝试将公司改革为具有类似于国家人权义务的准公共实体,这一结论可能显得更加合乎逻辑。然而,尽管这两种截然相反的公司对保护和促进人权的责任的看法似乎难以解决,而且存在差异,但对公司和非政府组织可用的战略进行分析,并利用博弈论加以补充,揭示了合作不仅是可能的,而且依赖于自利合作的治理模式可以产生公司盈利和保护人权的同时结果。因此,本文将识别和分析非政府组织和企业在企业是否以及在多大程度上应对侵犯人权行为承担责任的斗争中所采用的策略。接下来,在博弈论模型的帮助下,它将检查双方之间的战略互动,确定每一方的最佳策略,确定任何战略均衡,并分析研究结果。将提出综合解决方案,以促进企业盈利能力和人权的共存,并推动理论辩论超越简单地将非政府组织定性为善,将企业定性为恶。
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引用次数: 2
Union Wage Effects in Australia: Are There Variations in Distribution? 工会工资对澳大利亚的影响:在分布上有差异吗?
Pub Date : 2007-06-01 DOI: 10.2139/ssrn.995977
L. Cai, Amy Y. C. Liu
Previous research on union wage effects in Australia has focused on the central parts of the conditional wage distribution. This study uses quantile regression models to examine whether the union wage effect varies across the (conditional) wage distribution. The data draw upon the first four waves of the Household, Income and Labour Dynamics in Australia (HILDA) survey. Union wage premiums are found across almost the entire wage distribution for both males and females. While for males it is evident that the union wage effect decreases when moving up the wage distribution, the effect for females is relatively stable except at the extremities of the distribution. Overall, unions are found to have a larger effect on male than on female wages. The decomposition results show that for males, the union wage effect explains a substantial proportion of the observed wage gap between union and non-union workers; this is not the case for females.
以前对澳大利亚工会工资影响的研究主要集中在有条件工资分配的中心部分。本研究使用分位数回归模型来检验工会工资效应是否在(有条件的)工资分配中有所不同。这些数据来自澳大利亚家庭、收入和劳动力动态(HILDA)调查的前四次浪潮。工会工资溢价几乎在整个工资分布中都存在,无论男女。对于男性来说,工会工资效应明显随着工资分布的上升而下降,而对于女性来说,除了在工资分布的末端,工会工资效应相对稳定。总的来说,工会对男性工资的影响大于对女性工资的影响。分解结果表明,对于男性,工会工资效应解释了观察到的工会和非工会工人之间工资差距的很大一部分;这对女性来说并非如此。
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引用次数: 6
Do We Know What Works? A Systematic Review of Impact Evaluations of Social Programs in Latin America and the Caribbean 我们知道什么有效吗?拉丁美洲和加勒比地区社会项目影响评估的系统回顾
Pub Date : 2007-06-01 DOI: 10.2139/SSRN.996502
C. Bouillon, Luis Tejerina
This is the latest version available of "Do We Know What Works": A Systematic Review of Impact Evaluations of Social Programs in Latin America and the Caribbean?. The document reviews social programs placing emphasis on extracting lessons from those that have been evaluated in order to assess the development effectiveness of these interventions.
这是《我们知道什么是有效的吗:拉丁美洲和加勒比地区社会项目影响评估的系统回顾》的最新版本。该文件回顾了社会项目,强调从已评估的项目中提取经验教训,以评估这些干预措施的发展效果。
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引用次数: 78
The Evolving Food Chain: Competitive Effects of Wal-Mart's Entry into the Supermarket Industry 演变的食物链:沃尔玛进入超市行业的竞争效应
Pub Date : 2007-06-01 DOI: 10.2139/ssrn.994460
Emek Basker, M. Noel
We analyze the effect of Wal-Mart's entry into the grocery market using a unique store-level price panel data set. We use ordinary least squares and two instrumental-variables specifications to estimate the effect of Wal-Mart's entry on competitors' prices of 24 grocery items across several categories. Wal-Mart's price advantage over competitors for these products averages approximately 10%. On average, competitors' response to entry by a Wal-Mart Supercenter is a price reduction of 1–1.2%, mostly due to smaller-scale competitors; the response of the “Big Three” supermarket chains (Albertson's, Safeway, and Kroger) is less than half that size. Low-end grocery stores, which compete more directly with Wal-Mart, cut their prices more than twice as much as higher-end stores. We confirm our results using a falsification exercise, in which we test for Wal-Mart's effect on prices of services that it does not provide, such as movie tickets and dry-cleaning services.
我们使用一个独特的商店级价格面板数据集来分析沃尔玛进入杂货市场的影响。我们使用普通最小二乘和两个工具变量规范来估计沃尔玛的进入对竞争对手在几个类别中的24种食品杂货价格的影响。沃尔玛在这些产品上相对于竞争对手的价格优势平均约为10%。平均而言,竞争对手对沃尔玛超市进入的反应是降价1-1.2%,主要是由于规模较小的竞争对手;“三大”连锁超市(艾伯森、西夫韦和克罗格)的规模还不到它的一半。与沃尔玛竞争更直接的低端杂货店降价幅度是高端商店的两倍多。我们用一种伪造的方法来证实我们的结果,在这种方法中,我们测试了沃尔玛对它不提供的服务(如电影票和干洗服务)价格的影响。
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引用次数: 216
When Necessity Becomes a Virtue: The Effect of Product Market Competition on Corporate Social Responsibility 当需求成为美德:产品市场竞争对企业社会责任的影响
Pub Date : 2007-06-01 DOI: 10.2139/ssrn.997007
Daniel Fernandez-Kranz, Juan Santaló
We test whether Corporate Social Responsibility (CSR) is driven by strategic considerations by empirically studying the link between competition and firms' social performance. We find that firms in more competitive industries have better social ratings. In particular, we show that (i) different market concentration proxies are negatively related to widely used CSR measures; (ii) that an increase in competition due to higher import penetration leads to superior CSR performance; (iii) that firms in more competitive environments have a superior environmental performance, measured by firm pollution levels; and (iv) that more product competition is associated to a larger within-industry CSR variance. We interpret these results as evidence that CSR is strategically chosen.
本文通过实证研究竞争与企业社会绩效之间的关系来检验企业社会责任是否受到战略考虑的驱动。我们发现,竞争更激烈的行业中的企业拥有更好的社会评级。特别是,我们发现(i)不同的市场集中度指标与广泛使用的企业社会责任指标呈负相关;(ii)较高的进口渗透率带来的竞争加剧导致企业社会责任绩效更优;(iii)以企业污染水平衡量,竞争更激烈的环境中的企业具有更好的环境绩效;(iv)更多的产品竞争与更大的行业内CSR差异相关。我们将这些结果解释为企业社会责任是战略性选择的证据。
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引用次数: 294
A Tough-Minded, but Sympathetic, Approach to Corporate Social Responsibility 坚定而富有同情心的企业社会责任
Pub Date : 2007-05-28 DOI: 10.2139/ssrn.989812
E. Maltz, D. J. Ringold, F. Thompson
As John D. Donahue explains: sometimes corporate social responsibility is simple hokum. More often it is sincere but incoherent, wishful thinking. Introducing social objectives that might, in the misty long run, align with shareholder interests threatens to muddy private-sector accountability. Corporate social responsibility can thus become both irresponsible and anti-social. With this in mind, we draw on the notion of externalities from economics and cost-benefit analysis from capital budgeting literature to suggest some rules that could help managers make wiser choices. The first rule: Pay attention to competencies when developing program alternatives and attend carefully to their execution, remembering always that management attention is a scarce resource. The second rule: Develop a framework to assess all corporate initiatives, not just social programs or short-term, profit-driven programs in isolation.
正如John D. Donahue所解释的那样:有时候企业社会责任只是简单的空话。更多的时候,它是真诚的,但不连贯,一厢情愿的想法。从模糊的长期来看,引入可能与股东利益一致的社会目标,可能会使私营部门的问责变得模糊。因此,企业的社会责任可能变得既不负责任又反社会。考虑到这一点,我们借鉴了经济学中的外部性概念和资本预算文献中的成本效益分析,提出了一些规则,可以帮助管理者做出更明智的选择。第一条规则:在开发备选方案时要注意能力,并仔细关注它们的执行,始终记住管理层的注意力是一种稀缺资源。第二条规则:制定一个框架来评估所有公司的举措,而不仅仅是社会项目或短期的、逐利的项目。
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引用次数: 0
The Expressive Workplace Doctrine: Protecting the Public Discourse from Hostile Work Environment Actions 表达性工作场所原则:保护公共话语免受敌对工作环境行为的影响
Pub Date : 2007-04-22 DOI: 10.2139/ssrn.975380
Jonathan L. Segal
This paper reviews the hostile work environment suits that have been filed in expressive workplaces: workplaces that create, distribute or facilitate expression that is protected by the First Amendment. It concludes that these cases pose a danger to the public discourse at large by chilling offensive speech dealing with race, sex, gender and religion. Next, it explains how the hostile work environment action violates the First Amendment when it is applied to expressive workplaces, noting how the action does not fall under any of the recognized exceptions to First Amendment protection. Finally, it proposes that expressive workplaces be given a limited exemption from hostile work environment suits, subject to reasonable accommodation.
本文回顾了在表达性工作场所提起的敌对工作环境诉讼:创造、传播或促进受第一修正案保护的表达的工作场所。它的结论是,这些案件通过令人不寒而栗的涉及种族、性别、性别和宗教的攻击性言论,对公共话语构成了威胁。接下来,它解释了敌对工作环境行为在适用于表达性工作场所时是如何违反第一修正案的,并指出该行为如何不属于第一修正案保护的任何公认例外。最后,它建议,在合理的便利条件下,有限度地豁免表达性工作场所对敌对工作环境的诉讼。
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引用次数: 1
期刊
SEIN Social Impacts of Business eJournal
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