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Full-Text Articles in Business

Student, Staff, And Employer Incentives For Improved Student Achievement And Work Readiness, John H. Bishop Oct 2009

Student, Staff, And Employer Incentives For Improved Student Achievement And Work Readiness, John H. Bishop

John H Bishop

“This article proposes a strategy for banishing mediocrity and building in its place an excellent American system of secondary education. Before a cure can be prescribed, however, a diagnosis must be made.”


Is The Test Score Decline Responsible For The Productivity Growth Decline?, John H. Bishop Oct 2009

Is The Test Score Decline Responsible For The Productivity Growth Decline?, John H. Bishop

John H Bishop

[Excerpt] The test score decline between 1967 and 1980 was large (about 1.25 grade-level equivalents) and historically unprecedented. New estimates of trend in academic achievement, of the effect of academic achievement on productivity and of trend in the quality of the work force are developed. They imply that if test scores had continued to grow after 1967 at the rate that prevailed in the previous quarter century, labor quality would now be 2.9 percent higher and 1987 GNP $86 billion higher.


The Impacts Of Career-Technical Education On High School Completion And Labor Market Success, John H. Bishop, Ferran Mane Oct 2009

The Impacts Of Career-Technical Education On High School Completion And Labor Market Success, John H. Bishop, Ferran Mane

John H Bishop

[Excerpt] High school career-technical education (CTE) is a massive enterprise. Last year high school students spent more than 1.5 billion hours in vocational courses of one kind or another. Of the twenty-six courses taken by the typical high school graduate, 4.2 are career-tech courses (NCES 2003a). Courses in general labor market preparation (principles of technology, industrial arts, typing, keyboarding, etc) and family and consumer sciences are offered in almost every lower and upper-secondary school. High school graduates in the year 2000 took 1.2 full-year introductory CTE courses during upper-secondary school and probably almost as many during middle school (NCES 2003a).


Making Vocational Education More Effective For At-Risk Youth, John H. Bishop Oct 2009

Making Vocational Education More Effective For At-Risk Youth, John H. Bishop

John H Bishop

"Occupationally specific vocational training pays off for disadvantaged students, but only if graduates work in the jobs they were trained for. Implication: Vocational educators must help make sure that the skills they teach are used."


Ensuring A Decent Global Workplace: Labor Rights Belong In Trade Agreements, Lance A. Compa May 2009

Ensuring A Decent Global Workplace: Labor Rights Belong In Trade Agreements, Lance A. Compa

Lance A Compa

[Excerpt] Linking workers' rights to international trade is an idea whose time has come and stayed, despite the best efforts of free trade ideologues to chase it away. In looming congressional debates about "fast track" negotiating authority, the Bush administration and Congress confront powerful demands from workers, trade unionists and a wider public for rules protecting human rights and labor rights, not just corporate investments, in trade agreements.


An Assessment Of The Singapore Skills Development System: Does It Constitute A Viable Model For Other Developing Nations?, Sarosh Kuruvilla, Christopher L. Erickson, Alvin Hwang Apr 2009

An Assessment Of The Singapore Skills Development System: Does It Constitute A Viable Model For Other Developing Nations?, Sarosh Kuruvilla, Christopher L. Erickson, Alvin Hwang

Sarosh Kuruvilla

In this paper, we briefly describe the institutional background to Singapore’s successful national skills development model. We devise a tentative framework to evaluate national level skills development efforts, and we use it to assess the Singapore model. We argue that the model has the potential to constantly move towards higher skills equilibria, and in those terms, it is successful. However, we question the long-term sustainability of the model, and whether it is transferable to other developing nations. We outline several useful principles that other nations might use in organizing their own skills development systems.


Compensation In Nonprofit Organizations, Kevin F. Hallock Mar 2009

Compensation In Nonprofit Organizations, Kevin F. Hallock

Kevin F Hallock

Although the nonprofit sector is enormous, we know little about how workers there are compensated. This may be due, in part, to the fact that the literature is scattered across many fields including Human Resources Management, Accounting, Economics, Finance, Organizational Behavior, Political Science, and Sociology. The paper aims to synthesize the research on nonprofits from an economics point of view, while carefully considering the work in the many other areas. In addition to using data from the U.S. census to provide a description of employment and wages in the nonprofit sector as well as a comparison with the for-profit sector, …


Does Managed Care Change The Management Of Nonprofit Hospitals?, Marianne Bertrand, Kevin Hallock, Richard Arnould Mar 2009

Does Managed Care Change The Management Of Nonprofit Hospitals?, Marianne Bertrand, Kevin Hallock, Richard Arnould

Kevin F Hallock

This paper examines how the managerial labor market in nonprofit hospitals has adjusted to the financial pressures induced by HMO penetration. Using a panel of about 1,500 nonprofit hospitals over the period 1992–96, the authors find that top executive turnover increased following an increase in HMO penetration. Moreover, the increase in turnover was concentrated among the hospitals that had lower levels of economic profitability. While the link between top executive pay and for-profit performance measures was on average very weak, HMO penetration tightened that link: as HMO penetration increased, top executives were compensated more for improving the profitability of their …


‘When Unions Mattered': Assessing The Impact Of Strikes On Financial Markets: 1925-1937, John Dinardo, Kevin F. Hallock Mar 2009

‘When Unions Mattered': Assessing The Impact Of Strikes On Financial Markets: 1925-1937, John Dinardo, Kevin F. Hallock

Kevin F Hallock

This examination of the Stock Market’s responsiveness to strikes looks specifically at strike actions that labor historians generally view as the major ones occurring in the United States in the years 1925–37. The authors find that strikes had large, negative effects on industry stock value. Longer strikes, violent strikes, strikes in which unions “won,” industry-wide strikes, strikes that led to union recognition, and strikes that led to large wage increases were associated with larger negative share price reactions than were other strikes. Much of the “news” generated by the typical strike seems to have been registered by the Stock Market …