nep-hme New Economics Papers
on Heterodox Microeconomics
Issue of 2017‒06‒18
seven papers chosen by
Carlo D’Ippoliti
Università degli Studi di Roma “La Sapienza”

  1. Political economy comes home: on the moral economies of housing By Insa Koch
  2. What money does: An inquiry into the backbone of capitalist political economy By Koddenbrock, Kai
  3. Industry Evolution in Varieties of Capitalism: a Comparison of the Danish and US Wind Turbine Industries By Menzel, Max-Peter; Kammer, Johannes
  4. Gender inequality in job quality. What has happened in Spain during the recession? By Ficapal-Cusí, Pilar; Díaz-Chao, Ángel; Torrent Sellens, Joan
  5. El Efecto del Empleo sobre la Violencia Doméstica: Evidencia para las Mujeres Peruanas By Augusto Mendoza Calderón
  6. Die Historizität fiktionaler Erwartungen By Beckert, Jens
  7. The Trade Impacts of the Naming and Shaming of Forced and Child Labor By Margaryta Klymak

  1. By: Insa Koch
    JEL: N0
    Date: 2017
  2. By: Koddenbrock, Kai
    Abstract: The theory and critique of capitalism is back at the center of scholarly debate. With it comes a growing awareness of the analytical and political importance of money and money creation. Moving from the more systemic reflections of Karl Marx to more recent work on money theory by Geoffrey Ingham and in financial economics, the paper focuses on three of money's "deeds." As a social structure and process, it makes moneymaking through capital permeate all our societies. As a public-private partnership between the state, rentiers, banks, and taxpayers that has existed since the foundation of the Bank of England in 1694, it binds these actors together in shifting relations of dependence. In today's financial capitalism, what counts as money and how far moneyness stretches into the realms of financial innovation has been the core object of struggle in the public-private partnership of money. In conclusion, the paper discusses how contemporary money redistributes intra-socially and internationally.
    Keywords: capitalism,Bank of England,derivatives,inequality,banks,US dollar,Marx,Ingham
    Date: 2017
  3. By: Menzel, Max-Peter (University Bayreuth); Kammer, Johannes (University Hamburg)
    Abstract: In this study, we combine Klepper’s framework on the evolution of industries with the Varieties of Capitalism approach to argue that industry evolution is mediated by institutional differences. We expect that new industries will evolve with a stronger connection to established industries in coordinated marked economies than in liberal market economies. Our assumptions are supported by the survival analysis of US and Danish wind turbine manufacturers from 1974 to 2014.
    Keywords: industry evolution; varieties of capitalism; heritage theory; wind turbine industry; institutions
    JEL: L64 O15 P51
    Date: 2017–06–09
  4. By: Ficapal-Cusí, Pilar; Díaz-Chao, Ángel; Torrent Sellens, Joan
    Abstract: Through a representative sample of 5,381 (3,079 men and 2,302 women) and 4,925 (2,719 men and 2,206 women) employees in 2008 and 2010, and a using two-stage structural equation model, this article empirically analyses the multi-dimensional determinants (direct effects) of gender-related job quality in Spain. The research revealed four main results. First, despite the economic crisis, job quality in Spain had improved over the analysis period. Second, the improvement in job quality during the crisis was more favourable to men than it was to women. Third, the gender differences in the explanation of job quality during the crisis increased considerably in favour of men. Fourth, this increase in gender difference in job quality in favour of men is explained by a worsening of 4 of the 5 explanatory dimensions thereof: intrinsic job quality; work organisation and workplace relationships; working conditions, work intensity and health and safety at work; and extrinsic rewards. Only inequality in the work-life balance dimension remained stable from 2008 to 2010. In terms of employment and gender equality public policy our research results suggest two important conclusions. In the first place, the importance of paying much greater attention to working environment and social relation dimensions in gender-related employment public policies. Second, gender equality public policy should also address new problems associated with the accelerated changes at work. In particular, the different job quality problems between highly skilled and less skilled working men and women, the link between gender gap and occupations, and the need to consider the different institutional regimes and organised labour to overcome gender-related job inequalities.
    Keywords: Gender inequality,job quality,Economic crisis,Structural equation modelling
    JEL: J16 J28 J53
    Date: 2016
  5. By: Augusto Mendoza Calderón (Universidad de Piura)
    Abstract: Esta investigación mide el efecto del empleo de las mujeres sobre la probabilidad de ser víctimas de violencia doméstica en el Perú y enfrenta el problema de endogeneidad de la variable de tratamiento mediante el uso de dos variables instrumentales (fenómenos naturales distritales y el número de niños beneficiados del Programa Nacional de Alimentación Escolar Qali Warma). Sobre la base de la ENDES 2013-2015, se encuentra evidencia que el grupo de mujeres que trabajan tienen de 14.2pp a 38.4pp mayor probabilidad de padecer de violencia de tipo emocional, menos severa, severa y sexual respecto al grupo de contraste. Asimismo, también se encuentra que las mujeres que no son beneficiadas del Programa Juntos por falta de cobertura registran mayor propensión a ser víctimas de los conflictos maritales.
    Keywords: J16, J78, A12
    Date: 2017–06
  6. By: Beckert, Jens
    Abstract: Capitalist dynamics is energized in part by imaginaries of future states of the world (Beckert 2016). The paper deals with two questions: Why do fictional expectations change in the course of capitalist development? And: Are fictional expectations becoming more important in contemporary capitalism?
    Keywords: Erwartungen,Ungewissheit,Kapitalismus,Zukunft,Narrative,Geschichte,expectations,uncertainty,capitalism,future,narratives,history
    Date: 2017
  7. By: Margaryta Klymak (Department of Economics, Trinity College Dublin)
    Abstract: This paper investigates whether the provision of information regarding what foreign goods might be produced with child and forced labor affects imports to the United States. I use three different measures of information revelation: inclusion on the U.S. government's list of goods produced with child or forced labor, a media coverage index and an index composed from reports of the International Labor Organisation. Across all specifications I find no evidence that information provision decreased imports of these goods to the United States. The key policy implication of this finding is that public information strategies without more concrete measures will not act as a large disincentive for countries that export goods made with child and forced labor.
    Keywords: international trade, child labor, forced labor, social labelling
    JEL: O11 J81 F14 G14
    Date: 2017–06

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