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Begin New Search Topic International Trade and Finance Publishing Institution Institute for Social and Economic Research and Policy at Columbia University

1. How Globalization Has Impacted Labor

Author:
Seymour Spilerman
Publication Date:
12-2008
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
This essay outlines the features of globalization in the current era and indicates how conceptualizations of this process differ from the related formulations of the Annales School and of World Systems Analysis. The main theme of the paper is then developed, namely an assessment of the ways that globalization has impacted the organization of work and the structure of employment careers. This assessment is based on results from a variety of recent research studies, especially on findings from the Globalife project.
Topic:
Economics, Globalization, International Trade and Finance, Markets, and Political Economy

2. Transfers from Migrants to their Children: Evidence that Altruism and Cultural Factors Matter

Author:
Seymour Spilerman, François-Charles Wolff, and Claudine Attias-Donfut
Publication Date:
12-2007
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
This paper focuses on the determinants of financial inter vivos transfers by migrants living in France in 2003 to their adult children. From a theoretical viewpoint, such transfers may be explained either by altruism or by exchange. While parents would direct their assistance to their less well off children under altruism, support should be channeled to children who live nearby their parents under the exchange motive. We assess the relevance of these two motives using the French PRI survey. Unequal sharing is frequently observed and children are more likely to receive financial transfers when they are in poor circumstance, but not necessarily when living in proximity to parents. We also emphasize the role of cultural factors as determinants of the parental allocation among children. Muslim parents, in particular, are more likely to make transfers to sons than to daughters.
Topic:
Economics, International Political Economy, International Trade and Finance, Migration, and Political Economy
Political Geography:
France

3. Long-Term Effects of a Recession at Labor Market Entry in Japan and the United States

Author:
Yuji Genda, Ayako Kondo, and Souichi Ohta
Publication Date:
12-2007
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
We examine effects of entering the labor market during a recession on subsequent earnings and employment for Japanese and American men, using comparable household labor force surveys. Previous analyses focus on search theoretic and implicit-contract arguments, which have their strongest effects on more educated workers. We argue that, in a country like Japan which has a dual labor market, there is an additional mechanism that affects mainly less educated workers. Namely, these workers are more likely to be trapped in the secondary sector if they graduate during a recession. We find a persistent, strong negative effect on earnings for less educated Japanese men, in contrast to no long-term effect for less educated American men; also, a substantial part of the effect for less educated Japanese men is attributed to the decreased probability of regular employment. The effect for the more educated group is more or less similar in both countries.
Topic:
Economics, International Trade and Finance, and Markets
Political Geography:
United States, Japan, America, Israel, and Asia

4. Real Income Stagnation of Countries, 1960-2001

Author:
Sanjay Reddy and Camelia Minoiu
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
This paper examines the phenomenon of real-income stagnation (in which real-income growth is uninterruptedly negligible or negative for a sizable sequence of years). The authors analyze data for four decades from a large cross-section of countries. Real income stagnation is a conceptually distinct phenomenon from low average growth and other features of the growth sequence that have been previously considered. The authors find that real income stagnation has affected a significant number of countries (103 out of 168), and resulted in substantial income loss. Countries that suffered spells of real income stagnation were more likely to be poor, in Latin America or sub-Saharan Africa, conflict ridden and dependent on primary commodity exports. Stagnation is also very likely to persist over time. Countries that were afflicted with stagnation in the 1960s had a likelihood of seventy-five percent of also being afflicted with stagnation in the 1990s.
Topic:
Economics, International Political Economy, and International Trade and Finance
Political Geography:
Africa and Latin America

5. Why do some countries produce so much more output per worker than others?

Author:
Camelia Minoiu and Emmanuel Pikoulakis
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
To explain differences in output per worker across countries, we test for the workings of a learning-by-doing hypothesis and the hypo thesis that the effectiveness of human capital depends on the laws and institutions that promote workplace practices that allow skills to develop. The quality of laws and institutions in the workplace is measured by an index of economic security (ESI). We find that ESI is a good proxy for human capital whilst educational attainment is not. We also find that countries with high ESI use more effectively the skills of the workforce and are better at exploiting profitable opportunities in capital markets.
Topic:
Development, Economics, Industrial Policy, International Trade and Finance, Markets, and Political Economy

6. Routes into Networks: The Structure of English Trade in the East Indies, 1601-1833

Author:
Emily Erikson and Peter Bearman
Publication Date:
12-2004
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
Drawing on a remarkable dataset compiled from ships' logs, journals, factory correspondence, ledgers, and reports that provide unusually precise information on each of the 4,572 voyages taken by English traders of the East India Company (hereafter EIC), we describe the EIC trade network over time, from 1601 to 1833. From structural images of voyages organized by shipping seasons, we map the (over time and space) emergence of dense, fully integrated, global trade networks: of globalization before globalization. We show that the integration of the world trade system under the aegis of the EIC was the unintended by-product of systematic individual malfeasance (private trading) on the part of ship captains seeking profit from internal Eastern trade.
Topic:
Economics, Globalization, and International Trade and Finance
Political Geography:
United Kingdom

7. Production Markets Broker Upstream to Downstream, balancing their volume and quality sensitivities to firms through an oriented market profile of signals

Author:
Harrison C. White
Publication Date:
04-2004
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
Varieties of quality competition across producers are extrapolated out of the two dual forms of perfect competition, oriented upstream and downstream. Only then are general, path-dependent solutions for market derived (which came first in the previous book of 2002). Attention is focused on advanced markets for high ratios of sensitivities between upstream and downstream relations of producers. Parameter identification and estimations identify impacts from substitutability with cross-stream markets as being major only for certain bands of sensitivity ratios, identified within the state space for production market contexts. Illustrative applications are sketched for strategic manipulations and investment decisions and trends in sectors.
Topic:
Economics, Emerging Markets, Industrial Policy, and International Trade and Finance

8. Self-Control for the Righteous: toward a Theory of Luxury Pre-Commitment

Author:
Ran Kivetz and Itamar Simonson
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
Institute for Social and Economic Research and Policy at Columbia University
Abstract:
Prior research has examined consumers' use of self-control to avoid hedonic (myopic) temptations, such as overbuying and smoking. We propose that consumers often exercise the opposite form of self-control, whereby they attempt to avoid default forms of spending on necessities and savings in favor of luxury, hedonic purchases. In particular, given the difficulty of choosing hedonic luxury items over necessities and cash in everyday (local) decisions, under certain conditions, consumers pre-commit to hedonic luxury consumption. Such pre-commitments to hedonic luxuries are more likely to occur when their psychological cost is less concrete. These propositions were tested in a series of studies involving real and hypothetical choices as well as process measures. The results indicate that a substantial segment of consumers choose hedonic luxury prizes over cash of equal or greater value; most of these consumers explain such choices as motivated by the need to pre-commit in order to guarantee a hedonic luxury experience and that the award does not end up in the pool of money used for necessities. In addition, consistent with our analysis, the likelihood of pre-committing to hedonic luxuries is enhanced when (a) the consequences of the decision will be realized farther in the future, (b) the odds of winning the reward are lower, and (c) consumers anticipate how they will use each possible award. We also show that hedonic luxury awards are more effective than cash as incentives for participation in a (real) lottery. The theoretical and practical implications of the results are discussed.
Topic:
Demographics, Economics, and International Trade and Finance