nep-ppm New Economics Papers
on Project, Program and Portfolio Management
Issue of 2013‒10‒05
four papers chosen by
Arvi Kuura
Parnu College - Tartu University

  1. Uncertainty and Investment Options By Nancy Stokey
  2. Nanotechnology for Green Innovation By OECD
  3. The UK Future Jobs Fund: The Labour Party’s Adoption of the Job Guarantee By Tanweer Ali
  4. A Web Survey Analysis of the Subjective Well-being of Spanish Workers By Guzi, Martin; de Pedraza, Pablo

  1. By: Nancy Stokey (University of Chicago)
    Abstract: This paper develops a simple model in which uncertainty about future tax policy leads to a temporary reduction in investment. The basic idea is that policy uncertainty creates uncertainty about the profitability of investment. If the uncertainty is likely to be resolved in the not-too-distant future, firms rationally delay committing resources to irreversible projects, reducing current investment. When the uncertainty is resolved, investment recovers, generating a temporary boom. The size of the boom depends on the realization of the fiscal uncertainty, with lower realizations of the tax rate producing larger booms.
    Date: 2013
  2. By: OECD
    Abstract: The paper brings together information collected through discussions and projects undertaken by the OECD Working Party on Nanotechnology (WPN) relevant to the development and use of nanotechnology for green innovation. It relies in particular on preliminary results from the WPN project on the Responsible Development of Nanotechnology and on conclusions from a symposium, organised by the OECD WPN together with the United States National Nanotechnology Initiative, which took place in March 2012 in Washington DC, United States, on Assessing the Economic Impact of Nanotechnology. It also draws on material from the four background papers that were developed for the symposium.
    Date: 2013–06–14
  3. By: Tanweer Ali (Empire State College, SUNY)
    Abstract: This paper examines the development of employment policy in the United Kingdom. Past public-sector direct employment schemes, including those associated with the workfare model, had been discredited as ineffective across the OECD. In numerous countries, however, newer job creation schemes were implemented from the 1990s, aimed at addressing some of the shortcomings of earlier projects, and utilizing the growth of smaller community-based projects – the Intermediate Labour Markets, or ILMs. With the onset of the current economic downturn, and the substantial rise in cyclical unemployment, policy-makers more closely examined options for a demand-led strategy. Although ILMs had not been created with a view to forming part of a comprehensive job guarantee, the potential of these schemes to form part of a wider national strategy was clearly seen. In 2009 the government announced a job guarantee for young people, the Future Jobs Fund. This initiative was inspired at least in part by the work of Hyman Minsky. Although the Future Jobs Fund was scrapped in May 2010, it represents a bold step in active labour market policy. Subsequent analysis of the data related to the Future Jobs Fund indicate that it was a success, achieving its goals even under conservative assumptions.
    Keywords: Job guarantee, full employment, unemployment, work, community
    JEL: E61 H41 I31 I38 J23 J68
    Date: 2013–09
  4. By: Guzi, Martin (Masaryk University); de Pedraza, Pablo (Universidad de Salamanca)
    Abstract: This paper makes use of a large sample of individual data obtained from web surveys in the WageIndicator project. Data includes extensive information on the quality of working conditions together with different well-being indicators. The paper emphasizes the role of work-related characteristics as a specific and very important aspect of life. In our analysis, we demonstrate the role of working conditions in the following three domains: overall life-satisfaction; satisfaction with one’s job; and satisfaction with the combination of family and work. The paper also contributes to the ongoing debate on web survey data quality, reliability, and validity for scientific use. It demonstrates how social sciences can benefit from the use of web survey data in order to overcome the limits of traditional information sources.
    Keywords: subjective well-being, web-surveys, working conditions
    JEL: J28 J81
    Date: 2013–09

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