Has greater turbulence among firms fueled rising wage instability in the U.S.? Gottschalk and Moffitt ([1994]) find that rising earnings instability was responsible for one third to one half of the rise in wage inequality during the 1980s. These growing transitory fluctuations remain largely unexplained. To help fill this gap, this paper further documents the recent rise in transitory fluctuations in compensation and investigates its linkage to the concurrent rise in volatility of firm performance documented by Comin and Mulani [2005] among others. After examining models that explain the relationship between firm and wage volatility, we investigate the linkage in three complementary panel data sets, each with its own virtues and limitations: the Panel Study of Income Dynamics (detailed information on workers, but no information on employers), COMPUSTAT (detailed firm information, but only average wage and employment levels about workers), and the Federal Reserve Bank of Cleveland's Community Salary Survey (wages and employment for specific occupations for identified firms). We find complementary support for the hypothesis in all three data sets. We can rule out straightforward compositional churning as an explanation for the link to firm performance in high-frequency (over spans of 5 years) wage volatility, although not in more persistent fluctuations (between successive 5-year averages). We conclude that the rise in firm turbulence explains about sixty percent of the recent the rise in the high frequency (5-year) volatility of wages.
{"title":"Turbulent Firms, Turbulent Wages?","authors":"D. Comín, E. Groshen, Bess Rabin","doi":"10.2139/ssrn.886522","DOIUrl":"https://doi.org/10.2139/ssrn.886522","url":null,"abstract":"Has greater turbulence among firms fueled rising wage instability in the U.S.? Gottschalk and Moffitt ([1994]) find that rising earnings instability was responsible for one third to one half of the rise in wage inequality during the 1980s. These growing transitory fluctuations remain largely unexplained. To help fill this gap, this paper further documents the recent rise in transitory fluctuations in compensation and investigates its linkage to the concurrent rise in volatility of firm performance documented by Comin and Mulani [2005] among others. After examining models that explain the relationship between firm and wage volatility, we investigate the linkage in three complementary panel data sets, each with its own virtues and limitations: the Panel Study of Income Dynamics (detailed information on workers, but no information on employers), COMPUSTAT (detailed firm information, but only average wage and employment levels about workers), and the Federal Reserve Bank of Cleveland's Community Salary Survey (wages and employment for specific occupations for identified firms). We find complementary support for the hypothesis in all three data sets. We can rule out straightforward compositional churning as an explanation for the link to firm performance in high-frequency (over spans of 5 years) wage volatility, although not in more persistent fluctuations (between successive 5-year averages). We conclude that the rise in firm turbulence explains about sixty percent of the recent the rise in the high frequency (5-year) volatility of wages.","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126287929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this paper is twofold: i) to point out the determinants of a firm orientation to stakeholders' interests; ii) to analyze the relationship between shareholder value and stakeholder value as firm goals. Both issues are empirically verified on a sample of European listed companies. Empirical evidence shows that time, nationality, industry, size and level of growth of a firm determine its stakeholder ratings. Although the empirical evidence presented concerning the link between the creation of shareholder value and stakeholder value is neither unequivocal nor statistically significant, it can be inferred that a firm pursues stakeholders satisfaction to achieve a better value performance.
{"title":"Corporate Social Responsibility and Value Creation - Determinants and Mutual Relationships in a Sample of European Listed Firms","authors":"D. Venanzi, Barbara Fidanza","doi":"10.2139/ssrn.939710","DOIUrl":"https://doi.org/10.2139/ssrn.939710","url":null,"abstract":"The purpose of this paper is twofold: i) to point out the determinants of a firm orientation to stakeholders' interests; ii) to analyze the relationship between shareholder value and stakeholder value as firm goals. Both issues are empirically verified on a sample of European listed companies. Empirical evidence shows that time, nationality, industry, size and level of growth of a firm determine its stakeholder ratings. Although the empirical evidence presented concerning the link between the creation of shareholder value and stakeholder value is neither unequivocal nor statistically significant, it can be inferred that a firm pursues stakeholders satisfaction to achieve a better value performance.","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"237 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125758058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Social scientists often emphasize how ‘culture’ and ‘social norms’ can be important determinants of economic behavior and development. This raises questions of the relative importance of economic incentives and these other more social variables, like culture, and of how they interact with one another. This paper uses some recent stylized facts concerning the problem of teacher truancy in India and constructs a simple model to illustrate the interaction between the ‘economic’ and the ‘social.’ It discusses how this enriches our view of policy-making for improving economic performance. [This is text of the Vera Anstey Memorial Lecture, delivered by the author at the 88th Annual Conference of the Indian Economic Association in Visakhapatnam, on 28 December 2005.] BREAD Working Paper 112. [The paper will appear in a forthcoming issue of Indian Economic Journal.]
{"title":"Teacher Truancy in India: The Role of Culture, Norms and Economic Incentives","authors":"K. Basu","doi":"10.2139/ssrn.956057","DOIUrl":"https://doi.org/10.2139/ssrn.956057","url":null,"abstract":"Social scientists often emphasize how ‘culture’ and ‘social norms’ can be important determinants of economic behavior and development. This raises questions of the relative importance of economic incentives and these other more social variables, like culture, and of how they interact with one another. This paper uses some recent stylized facts concerning the problem of teacher truancy in India and constructs a simple model to illustrate the interaction between the ‘economic’ and the ‘social.’ It discusses how this enriches our view of policy-making for improving economic performance. [This is text of the Vera Anstey Memorial Lecture, delivered by the author at the 88th Annual Conference of the Indian Economic Association in Visakhapatnam, on 28 December 2005.] BREAD Working Paper 112. [The paper will appear in a forthcoming issue of Indian Economic Journal.]","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2006-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125935795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
From the recent G8 Summit to UN declarations, calls for a Big Push in official development assistance by OECD countries are becoming more frequent and pressing. Although there may be a consensus among the donor community to increase giving, what impact will this new aid have on recipient countries? In this Working Paper, CGD Research Fellow Todd Moss and the IMF's Arvind Subramanian point out that currently, twenty-two low-income countries receive aid equivalent to more than 50% of their budgets and eleven receive more than 75%. Given six different Big Push scenarios, Moss and Subramanian forecast that, on average, these numbers will rise to thirty-five and seventeen countries, respectively. Importantly, the authors argue that the potential dangers of increased aid flows will become all the more relevant and pressing as aid intensity ratios increase. These include the effect of aid on institutions and incentives to collect tax. They also raise concerns about whether high levels of aid could actually hurt public accountability and potentially undermine the social contract between citizen and state. Sustainability is a final issue since continued flows are far from guaranteed and rapid increases in aid can create new problems if not sustained over the long run. Moss and Subramanian highlight the important question of aid effectiveness, and urge us to ask: In addition to the possible benefits from increased aid, what might also be the downsides?
{"title":"After the Big Push? Fiscal and Institutional Implications of Large Aid Increases","authors":"Todd J. Moss, A. Subramanian","doi":"10.2139/SSRN.984061","DOIUrl":"https://doi.org/10.2139/SSRN.984061","url":null,"abstract":"From the recent G8 Summit to UN declarations, calls for a Big Push in official development assistance by OECD countries are becoming more frequent and pressing. Although there may be a consensus among the donor community to increase giving, what impact will this new aid have on recipient countries? In this Working Paper, CGD Research Fellow Todd Moss and the IMF's Arvind Subramanian point out that currently, twenty-two low-income countries receive aid equivalent to more than 50% of their budgets and eleven receive more than 75%. Given six different Big Push scenarios, Moss and Subramanian forecast that, on average, these numbers will rise to thirty-five and seventeen countries, respectively. Importantly, the authors argue that the potential dangers of increased aid flows will become all the more relevant and pressing as aid intensity ratios increase. These include the effect of aid on institutions and incentives to collect tax. They also raise concerns about whether high levels of aid could actually hurt public accountability and potentially undermine the social contract between citizen and state. Sustainability is a final issue since continued flows are far from guaranteed and rapid increases in aid can create new problems if not sustained over the long run. Moss and Subramanian highlight the important question of aid effectiveness, and urge us to ask: In addition to the possible benefits from increased aid, what might also be the downsides?","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133148910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Diffusion models of technological innovations are often based on an epidemic structure which has a good fit to historical data but whose communication assumptions lack explanatory power. They assume a simplified decision process, uniform decision criteria across adopter categories, and a fully interconnected social structure. The objective of this paper is to show that the dynamics of social factors during technological substitutions have significant effects on substitution patterns. The success of a paradigmatic shift is not only a function of technological characteristics but also depends on change agents and many social dynamics. Such complexity requires analysis at several levels of granularity. We start with cognitive processes at the individual level using concepts from cognitive psychology and decision making under uncertainty and then move to interpersonal communications at the aggregate social level. We show that population heterogeneity generates different decision criteria and a social topology which greatly affect perceptions and the formation of expectations. The structure of interpersonal networks also explains how the relevance and credibility of information impacts the critical mass dynamics of technology adoption. A more complete model accounting for social interactions provides a useful framework for understanding complex substitution patterns and reducing the risk of misreading the market. Brice Dattee's research is funded by the National Institute of Technology Management in Ireland.
{"title":"Dynamics of Social Factors in Technological Substitutions","authors":"Brice Dattée, H. Weil","doi":"10.2139/ssrn.904671","DOIUrl":"https://doi.org/10.2139/ssrn.904671","url":null,"abstract":"Diffusion models of technological innovations are often based on an epidemic structure which has a good fit to historical data but whose communication assumptions lack explanatory power. They assume a simplified decision process, uniform decision criteria across adopter categories, and a fully interconnected social structure. The objective of this paper is to show that the dynamics of social factors during technological substitutions have significant effects on substitution patterns. The success of a paradigmatic shift is not only a function of technological characteristics but also depends on change agents and many social dynamics. Such complexity requires analysis at several levels of granularity. We start with cognitive processes at the individual level using concepts from cognitive psychology and decision making under uncertainty and then move to interpersonal communications at the aggregate social level. We show that population heterogeneity generates different decision criteria and a social topology which greatly affect perceptions and the formation of expectations. The structure of interpersonal networks also explains how the relevance and credibility of information impacts the critical mass dynamics of technology adoption. A more complete model accounting for social interactions provides a useful framework for understanding complex substitution patterns and reducing the risk of misreading the market. Brice Dattee's research is funded by the National Institute of Technology Management in Ireland.","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131371001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A rise in CSR (corporate social responsibility) has accompanied the nineties rise in FDI (foreign direct investment) to developing countries. CSR may be serving a signaling function when the entering firm is of unknown type. Although countries are now competing keenly to attract foreign firms, even so excessive tax or excess transfers by firms can still cause a Prisoner's Dilemma structure to the payoffs resulting in an inefficient Nash equilibrium. But CSR allows the accommodating firm to reveal its type, making cooperation the equilibrium outcome. The game differs from standard models since signaling changes the payoffs. A unique separating equilibrium exists where only the accommodating firms signal. But under certain parameter values a pooling equilibrium, where all firms signal, becomes possible. A number of results are derived including the size of CSR expenditure required as a fraction of profits. An example demonstrates their relevance in practical situations.
{"title":"Corporate Social Responsibility as a Signaling Device for FDI","authors":"A. Goyal","doi":"10.2139/ssrn.703887","DOIUrl":"https://doi.org/10.2139/ssrn.703887","url":null,"abstract":"A rise in CSR (corporate social responsibility) has accompanied the nineties rise in FDI (foreign direct investment) to developing countries. CSR may be serving a signaling function when the entering firm is of unknown type. Although countries are now competing keenly to attract foreign firms, even so excessive tax or excess transfers by firms can still cause a Prisoner's Dilemma structure to the payoffs resulting in an inefficient Nash equilibrium. But CSR allows the accommodating firm to reveal its type, making cooperation the equilibrium outcome. The game differs from standard models since signaling changes the payoffs. A unique separating equilibrium exists where only the accommodating firms signal. But under certain parameter values a pooling equilibrium, where all firms signal, becomes possible. A number of results are derived including the size of CSR expenditure required as a fraction of profits. An example demonstrates their relevance in practical situations.","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2005-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115209439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Milevsky, Andrew R. Aziz, Allen Goss, Jane Thomson, D. Wheeler
The emotionally charged debate regarding the broader role of corporations within society has landed squarely in the lap of pension fund and endowment trustees, many of whom are being pressured by their stakeholders to divest themselves of companies that lack so-called social responsibility. Some researchers claim that these companies are destined to mediocre financial performance given their irresponsible behavior and should rightfully be divested. A more traditional group argues that any attempt to second-guess the market by constraining the investible universe is itself destined to mediocrity. In this paper we take neither side of the debate. Rather, we illustrate how portfolio optimization can be used to locate statistical portfolio substitutes for investments and companies that fail a corporate social responsibility (CSR) screen. And, while the mathematics behind constrained portfolio optimization was developed more than 50 years ago, we find that the economic penalty for eliminating a small group of undesirable stocks - whether justified or not - is economically insignificant when the remaining investments are properly realigned. We illustrate the feasibility of this procedure with a cleansing process for the Canadian S&P/TSX 60 index, based on an employee practice CSR screen developed by Thompson and Wheeler (2004).
{"title":"Cleaning a Passive Index: How to Use Portfolio Optimization to Satisfy CSR Constraints","authors":"M. Milevsky, Andrew R. Aziz, Allen Goss, Jane Thomson, D. Wheeler","doi":"10.2139/ssrn.630622","DOIUrl":"https://doi.org/10.2139/ssrn.630622","url":null,"abstract":"The emotionally charged debate regarding the broader role of corporations within society has landed squarely in the lap of pension fund and endowment trustees, many of whom are being pressured by their stakeholders to divest themselves of companies that lack so-called social responsibility. Some researchers claim that these companies are destined to mediocre financial performance given their irresponsible behavior and should rightfully be divested. A more traditional group argues that any attempt to second-guess the market by constraining the investible universe is itself destined to mediocrity. In this paper we take neither side of the debate. Rather, we illustrate how portfolio optimization can be used to locate statistical portfolio substitutes for investments and companies that fail a corporate social responsibility (CSR) screen. And, while the mathematics behind constrained portfolio optimization was developed more than 50 years ago, we find that the economic penalty for eliminating a small group of undesirable stocks - whether justified or not - is economically insignificant when the remaining investments are properly realigned. We illustrate the feasibility of this procedure with a cleansing process for the Canadian S&P/TSX 60 index, based on an employee practice CSR screen developed by Thompson and Wheeler (2004).","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"114 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126622967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This course takes a strategic perspective on social change. It asks how emerging leaders - social entrepreneurs and strategic philanthropists - can stimulate systemic change through local interventions and collaboration. The course was developed by Maximilian Martin and co-taught by Maximilian Martin and David Dror for the IOMBA program in the 2004 fall semester. Combining their passion to solve social issues with an entrepreneurial outlook on life, social entrepreneurs find innovative ways to leverage scare resources in the pursuit of social value. To be practical, the course deploys a variety of case studies. The course is divided into three parts. Unit one sets the stage by introducing the core conceptual material on social entrepreneurship and philanthropy, deploying case studies to render the challenges concrete. Unit two leverages David Dror's international organizations experience and his leadership of Social Re, a social change initiative with a similar transformational potential as microfinance. It examines the nitty-gritty of social innovation inside international organizations, and highlights why social entrepreneurs often need to create their own organizations, rather than seeking to advance large-scale social change from within an established institution. Unit three asks how we can strategically orchestrate social innovation. Which roles do "intermediaries" (civil society vehicles that service grassroots social entrepreneurs) play? How can wealth managers serve as a catalyst for the implementation of their clients' philanthropic aspirations?
{"title":"Entrepreneurial Solutions for Social Challenges (IOMBA 2004)","authors":"Maximiliano Martín","doi":"10.2139/SSRN.1325965","DOIUrl":"https://doi.org/10.2139/SSRN.1325965","url":null,"abstract":"This course takes a strategic perspective on social change. It asks how emerging leaders - social entrepreneurs and strategic philanthropists - can stimulate systemic change through local interventions and collaboration. The course was developed by Maximilian Martin and co-taught by Maximilian Martin and David Dror for the IOMBA program in the 2004 fall semester. Combining their passion to solve social issues with an entrepreneurial outlook on life, social entrepreneurs find innovative ways to leverage scare resources in the pursuit of social value. To be practical, the course deploys a variety of case studies. The course is divided into three parts. Unit one sets the stage by introducing the core conceptual material on social entrepreneurship and philanthropy, deploying case studies to render the challenges concrete. Unit two leverages David Dror's international organizations experience and his leadership of Social Re, a social change initiative with a similar transformational potential as microfinance. It examines the nitty-gritty of social innovation inside international organizations, and highlights why social entrepreneurs often need to create their own organizations, rather than seeking to advance large-scale social change from within an established institution. Unit three asks how we can strategically orchestrate social innovation. Which roles do \"intermediaries\" (civil society vehicles that service grassroots social entrepreneurs) play? How can wealth managers serve as a catalyst for the implementation of their clients' philanthropic aspirations?","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132096245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this study, we examine the effects of illegal/unethical acts on interfirm networks. We hypothesize that the quality of network partners will decline and overall network structure will change after a firm commits an unethical act. More specifically, we posit that the decline in partner quality is primarily driven by higher quality firms leaving the network, and the focal firm being forced to replace them with lower quality ones. We also propose that partner prominence and network cohesion will be affected after these acts, and that the changes in partner quality and network structure will be greater for those acts perceived as more illegitimate. We test these hypotheses using a sample of 200 large firms in the United States and data on unethical acts by these firms. Our results show that the quality of a firm's network partners declines after the firm's commission of an unethical act, and that the deterioration in partner quality tends to be greater for acts of greater illegitimacy. Our results also show declines in network prominence and cohesion for firms involved in these activities. We discuss the implications of our results for the literatures on interfirm networks and unethical corporate activities.
{"title":"Organizations Non Gratae? The Impact of Unethical Corporate Acts on Interorganizational Networks","authors":"B. N. Sullivan, Pamela R. Haunschild, Karen Page","doi":"10.1287/orsc.1060.0229","DOIUrl":"https://doi.org/10.1287/orsc.1060.0229","url":null,"abstract":"In this study, we examine the effects of illegal/unethical acts on interfirm networks. We hypothesize that the quality of network partners will decline and overall network structure will change after a firm commits an unethical act. More specifically, we posit that the decline in partner quality is primarily driven by higher quality firms leaving the network, and the focal firm being forced to replace them with lower quality ones. We also propose that partner prominence and network cohesion will be affected after these acts, and that the changes in partner quality and network structure will be greater for those acts perceived as more illegitimate. We test these hypotheses using a sample of 200 large firms in the United States and data on unethical acts by these firms. Our results show that the quality of a firm's network partners declines after the firm's commission of an unethical act, and that the deterioration in partner quality tends to be greater for acts of greater illegitimacy. Our results also show declines in network prominence and cohesion for firms involved in these activities. We discuss the implications of our results for the literatures on interfirm networks and unethical corporate activities.","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"21 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114032979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1111/1540-5850.223083
A. Brooks
In the wake of welfare reform efforts, alliances between governments and charities, and public preoccupation with "social capital," it is useful to understand how welfare payments interact with charitable giving. Using Consumer Expenditure Survey data from the first quarter of 1999, this article estimates the impacts on charitable giving by individuals from receipt of welfare payments, as well as income, wealth, and a number of demographic variables. The data analysis suggests that charity is negatively associated with welfare receipt, while wealth, income, and age have positive impacts on giving. These findings have significant implications for public policy and nonprofit management.
{"title":"Welfare Receipt and Private Charity","authors":"A. Brooks","doi":"10.1111/1540-5850.223083","DOIUrl":"https://doi.org/10.1111/1540-5850.223083","url":null,"abstract":"In the wake of welfare reform efforts, alliances between governments and charities, and public preoccupation with \"social capital,\" it is useful to understand how welfare payments interact with charitable giving. Using Consumer Expenditure Survey data from the first quarter of 1999, this article estimates the impacts on charitable giving by individuals from receipt of welfare payments, as well as income, wealth, and a number of demographic variables. The data analysis suggests that charity is negatively associated with welfare receipt, while wealth, income, and age have positive impacts on giving. These findings have significant implications for public policy and nonprofit management.","PeriodicalId":199069,"journal":{"name":"SEIN Social Impacts of Business eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126190222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：