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Measuring the global shadow economy : the prevalence of informal work and labour
\"This book brings together two leading researchers in the field to provide a comprehensive overview of the shadow economy from a global perspective. Reviewing the advantages and disadvantages of different ways of measuring the informal sector, the authors evaluate its size and key determinants across the world. Williams and Schneider clearly establish the persistence and prevalence of the shadow economy, analysing the narrowness of existing policy approaches and explaining how these fail to address the key factors for its existence and may even exacerbate the problem. Proposing an alternative way forward, the authors argue that little headway will ever be made in reducing the shadow economy until there are changes not only to the character of formal institutions but also informal institutions (the values, beliefs and norms of citizens) through the introduction of macro-level structural changes. This timely, cutting-edge review of the global shadow economy and how it can be measured and tackled is an invaluable resource for postgraduate students, researchers and policy-makers, particularly those with a interest in tax evasion and informal labour.\"--Page 4 of cover.
Book
The Role of Ambulatory Assessment in Psychological Science
We describe the current use and future promise of an innovative methodology, ambulatory assessment, that can be used to investigate psychological, emotional, behavioral, and biological processes of individuals in their daily lives. The term \"ambulatory assessment\" encompasses a wide range of methods used to study people in their natural environment, including momentary self-report, observational, and physiological methods. We emphasize applications of ambulatory assessment that integrate two or more of these methods, discuss the smartphone as a hub or access point for ambulatory assessment, and discuss future applications of ambulatory-assessment methodology to the science of psychology. We pay particular attention to the development and application of wireless body area networks that can be implemented with smartphones and wireless physiological monitoring devices, and we close by discussing future applications of this approach to matters relevant to psychological science.
Journal Article
Not working : where have all the good jobs gone?
Don't trust low unemployment numbers as proof that the labor market is doing fine - it isn't. Not Working is about those who can't find full-time work at a decent wage - the underemployed - and how their plight is contributing to widespread despair, a worsening drug epidemic, and the unchecked rise of right-wing populism. In this revelatory and outspoken book, David Blanchflower draws on his acclaimed work in the economics of labor and well-being to explain why today's postrecession economy is vastly different from what came before. He calls out our leaders and policymakers for failing to see the Great Recession coming, and for their continued failure to address one of the most unacknowledged social catastrophes of our time. Blanchflower shows how many workers are underemployed or have simply given up trying to find a well-paying job, how wage growth has not returned to prerecession levels despite rosy employment indicators, and how general prosperity has not returned since the crash of 2008. Standard economic measures are often blind to these forgotten workers, which is why Blanchflower practices the \"economics of walking about \" -seeing for himself how ordinary people are faring under the recovery, and taking seriously what they say and do. Not Working is his candid report on how the young and the less skilled are among the worst casualties of underemployment, how immigrants are taking the blame, and how the epidemic of unhappiness and self-destruction will continue to spread unless we deal with it.
Book
Exploring the Effectiveness of Sustainability Measurement: Which ESG Metrics Will Survive COVID-19?
This paper aims to investigate the current state of play on Environmental Social and Governance (ESG) integration and check the validity of the current metrics system by assessing if it will survive the COVID-19 crisis. By adopting a qualitative research approach through semi-structured anonymous interviews with 14 senior managers of six European listed companies we use a framework by assessing the mechanisms of reactivity on the effectiveness of ESG measures in times of COVID-19. By interpreting the practitioners’ points of view through the lens of the sociological framework by Espeland and Sauder (Am J Sociol 113:1–40, 2007) our findings show different mechanisms of reactivity by companies on the effectiveness of ESG measures in times of COVID-19, i.e., active and passive conformity and active resistance. We also identified the main Corporate Social Responsibility (CSR) institutional factors that affect managers’ reactivity. An extensive re-formulation of the ESG metrics is required in the light of times of crisis, given that accountability and transparency are strongly linked to quantitative measures which can play a critical role in the financial system and investors’ engagement. Particularly, the strict distinction between “E”, “S” and “G” issues should be abandoned claiming a different holistic re-design of sustainability measures by considering the increasing relevance of the Social dimension in time of COVID-19. This study provides a valuable contribution to the existing literature on the measurement of sustainability within the link of accountability and crisis by highlighting new corporate needs to re-design the ESG metrics system.
Journal Article
Measuring poverty around the world
\"In this, his final book, economist Anthony Atkinson, one of the world's great social scientists and a pioneer in the study of poverty and inequality, offers an inspiring analysis of a central question: What is poverty and how much of it is there around the globe? The persistence of poverty--in rich and poor countries alike--is one of the most serious problems facing humanity. Better measurement of poverty is essential for raising awareness, motivating action, designing good policy, gauging progress, and holding political leaders accountable for meeting targets. To help make this possible, Atkinson provides a critically important examination of how poverty is--and should be--measured. Bringing together evidence about the nature and extent of poverty across the world and including case studies of sixty countries, Atkinson addresses both financial poverty and other indicators of deprivation. He starts from first principles about the meaning of poverty, translates these into concrete measures, and analyzes the data to which the measures can be applied. Crucially, he integrates international organizations' measurements of poverty with countries' own national analyses. Atkinson died before he was able to complete the book, but at his request it was edited for publication by two of his colleagues, John Micklewright and Andrea Brandolini. In addition, François Bourguignon and Nicholas Stern provide afterwords that address key issues from the unfinished chapters: how poverty relates to growth, inequality, and climate change. The result is an essential contribution to efforts to alleviate poverty around the world.\"--Provided by publisher.
Book
Measuring individual legitimacy perceptions
To fully understand legitimacy as a complex construct, it is necessary to capture both collective perceptions and individual judgments. Much of the empirical research on legitimacy has focused on measuring the collective perceptions of groups of evaluators or critical institutions. This research develops and validates a psychometric measure of individual perceptions of pragmatic, moral, and cognitive legitimacy. Across seven studies, we demonstrate consistent reliability and scale structure, as well as convergent, discriminant, nomological, and predictive validity. We further show the generalizability and robustness of the measure across a variety of organizations and industries. This measure will advance empirical research on legitimacy by enabling researchers to capture the perceptions of individual evaluators directly and permit the comparison of results across studies.
Journal Article
Measuring Time Preferences
We review research that measures time preferences—i.e., preferences over intertemporal trade-offs. We distinguish between studies using financial flows, which we call “money earlier or later” (MEL) decisions, and studies that use time-dated consumption/effort. Under different structural models, we show how to translate what MEL experiments directly measure (required rates of return for financial flows) into a discount function over utils. We summarize empirical regularities found in MEL studies and the predictive power of those studies. We explain why MEL choices are driven in part by some factors that are distinct from underlying time preferences.
Journal Article
How Does the Way Physical Activity is Measured Affect the Conclusions about its Correlates?
The defnition of physical activity in the literature on sports practice is highly heterogeneous. This article provides evidence of the extent to which the inclusion of walking, which is one of the most frequent types of physical activity, and the minimum frequency used to consider a person a practitioner affect the conclusions about the correlates of physical activity practice and frequency. To this end, we compared participation and frequency models by applying different measures of physical activity. We found that the activities included under the defnition of physical activity play a relevant role in terms of the effects of the covariates in both the participation and frequency models. However, the minimum frequency used to define a person as a practitioner is not associated with significant changes in the effects of the correlates. These conclusions may have relevant policy implications in terms of designing measures to promote participation in physical activity.
Journal Article
Measuring Geopolitical Risk
We present a news-based measure of adverse geopolitical events and associated risks. The geopolitical risk (GPR) index spikes around the two world wars, at the beginning of the Korean War, during the Cuban Missile Crisis, and after 9/11. Higher geopolitical risk foreshadows lower investment and employment and is associated with higher disaster probability and larger downside risks. The adverse consequences of the GPR index are driven by both the threat and the realization of adverse geopolitical events. We complement our aggregate measures with industry- and firm-level indicators of geopolitical risk. Investment drops more in industries that are exposed to aggregate geopolitical risk. Higher firm-level geopolitical risk is associated with lower firm-level investment.
Journal Article