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Job Creation Or Destruction Labor Market Effects Of Wal Mart Expansion
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Book Synopsis Job Creation Or Destruction? Labor-Market Effects of Wal-Mart Expansion by : Emek Basker
Download or read book Job Creation Or Destruction? Labor-Market Effects of Wal-Mart Expansion written by Emek Basker and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the effect of Wal-Mart expansion on retail employment at the county level. Using an instrumental-variables approach to correct for both measurement error in entry dates and endogeneity of the timing of entry, I find that Wal-Mart entry increases retail employment by 100 jobs in the year of entry. Half of this gain disappears over the next five years as other retail establishments exit and contract, leaving a long-run statistically significant net gain of 50 jobs. Wholesale employment declines by approximately 20 jobs due to Wal-Mart's vertical integration. No spillover effect is detected in retail sectors in which Wal-Mart does not compete directly, suggesting Wal-Mart does not create agglomeration economies in retail trade at the county level.
Book Synopsis The Effects of Wal-Mart on Local Labor Markets by : David Neumark
Download or read book The Effects of Wal-Mart on Local Labor Markets written by David Neumark and published by . This book was released on 2005 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the effects of Wal-Mart stores on county-level retail employment and earnings, accounting for endogeneity of the location and timing of Wal-Mart openings that most likely biases the evidence against finding adverse effects of Wal-Mart stores. We address the endogeneity problem using a natural instrumental variables approach that arises from the geographic and time pattern of the opening of Wal-Mart stores, which slowly spread out from the first stores in Arkansas. The employment results indicate that a Wal-Mart store opening reduces county-level retail employment by about 150 workers, implying that each Wal-Mart worker replaces approximately 1.4 retail workers. This represents a 2.7 percent reduction in average retail employment. The payroll results indicate that Wal-Mart store openings lead to declines in county-level retail earnings of about $1.4 million, or 1.5 percent. Of course, these effects occurred against a backdrop of rising retail employment, and only imply lower retail employment growth than would have occurred absent the effects of Wal-Mart.
Book Synopsis The Local Economic Impact of Wal-Mart by : Michael J. Hicks
Download or read book The Local Economic Impact of Wal-Mart written by Michael J. Hicks and published by Cambria Press. This book was released on 2007 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there have been other books on Wal-Mart, none has provided scholarly economic analysis of the impact of this retail giant. "The Local Economic Impact of Wal-Mart" offers significant empirical evidence which highlights important questions.
Book Synopsis The Wal-Mart Revolution by : Richard K. Vedder
Download or read book The Wal-Mart Revolution written by Richard K. Vedder and published by A E I Press. This book was released on 2006 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wal-Mart is under attack--from labor unions, urban planners, globalization critics, and community activists. Looking at Wal-Mart, the authors review conditions before and after Wal-Mart entered a local market and look more broadly at Wal-Mart's impact on wages, productivity growth and inflation. Vedder and Cox show that the retailer has been a force for good.
Book Synopsis Firm Entry and Wages by : Arindrajit Dube
Download or read book Firm Entry and Wages written by Arindrajit Dube and published by . This book was released on 2007 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the effect of Wal-Mart expansion on wages, benefits, and skill-composition of retail workers during the 1990s. We exploit the spatial pattern of Wal-Mart diffusion, radiating outward from the original store in Benton county, Arkansas, to control for potential endogeneity in store openings using both instrumental variable and control function approaches. Estimates from state and county level data suggest that store openings reduced both the average earnings and health benefits of retail workers. At the county level, a new Wal-Mart is found to reduce retail earnings, on average, by .5 to .9 percent. Moreover, we find that changes in skill-composition explain only a small part of compensation reduction, indicating that the decline in retail wages reflect a reduction in labor market rents.
Book Synopsis The World of Wal-Mart by : Nick Copeland
Download or read book The World of Wal-Mart written by Nick Copeland and published by Routledge. This book was released on 2013-01-04 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates the usefulness of anthropological concepts by taking a critical look at Wal-Mart and the American Dream. Rather than singling Wal-Mart out for criticism, the authors treat it as a product of a socio-political order that it also helps to shape. The book attributes Wal-Mart’s success to the failure of American (and global) society to make the Dream available to everyone. It shows how decades of neoliberal economic policies have exposed contradictions at the heart of the Dream, creating an opening for Wal-Mart. The company’s success has generated a host of negative externalities, however, fueling popular ambivalence and organized opposition. The book also describes the strategies that Wal-Mart uses to maintain legitimacy, fend off unions, enter new markets, and cultivate an aura of benevolence and ordinariness, despite these externalities. It focuses on Wal-Mart’s efforts to forge symbolic and affective inclusion, and their self-promotion as a free market solution to social problems of poverty, inequality, and environmental destruction. Finally, the book contrasts the conceptions of freedom and human rights that underlie Wal-Mart’s business model to the alternative visions of freedom forwarded by their critics.
Book Synopsis The United States of Wal-Mart by : John Dicker
Download or read book The United States of Wal-Mart written by John Dicker and published by Penguin. This book was released on 2005-06-16 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: An irreverent, hard-hitting examination of the world's largest-and most reviled-corporation, which reveals that while Wal-Mart's dominance may be providing consumers with cheap goods and plentiful jobs, it may also be breeding a culture of discontent. It employs one of every 115 American workers. If it were a nation-state, it would be one of the world's top twenty economies. With yearly sales of nearly $260 billion and an average way of $8 an hour, Wal-Mart represents an unprecedented-and perhaps unstoppable-force in capitalism. And there have been few corporations that have evoked the same levels of reverence and ire. The United States of Wal-Mart is a hard-hitting examination of how Sam Walton's empire has infiltrated not just the geography of America but also its consciousness. Peeling away layers of propaganda and politics, investigative journalist John Dicker reveals an American (and, increasingly, a global) story that has no clear-cut villains or heroes-one that could be the confused, complicated story of America itself. Pitched battles between economic progress and quality of life, between the preservation of regional identity and national homogeneity, and between low prices and the dignity of the American worker are beginning to coalesce into an all-out war to define our modern era. And, Dicker argues, Wal-Mart is winning. Revealing that the company's business practices have been shaping American culture, including the nation's social, political, and industrial policy, The United States of Wal-Mart provides fresh insight into a controversy that isn't going away.
Book Synopsis Wal-Mart World by : Stanley D. Brunn
Download or read book Wal-Mart World written by Stanley D. Brunn and published by Taylor & Francis. This book was released on 2006 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a billion shoppers worldwide, Wal-Mart World is the first book to look at this incredibly important phenomenon in global perspective, its broad scope makes it essential reading for anyone interested in the global impact of this economic colossus.
Book Synopsis When Principles Pay by : Geoffrey Heal
Download or read book When Principles Pay written by Geoffrey Heal and published by Columbia University Press. This book was released on 2008-04-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stories of predatory lending practices and the reckless destruction of the environment by greedy corporations dominate the news, suggesting that, in business, ethics and profit are incompatible pursuits. Yet some of the worst lenders are now bankrupt, and Toyota has enjoyed phenomenal success by positioning itself as the green car company par excellence. These trends suggest that antisocial corporate behavior has its costs, especially in terms of the stock market, which penalizes companies that have poor environmental track records and rewards more socially conscious brands. The political context of our economy is rapidly changing, particularly in regard to incentives that operate outside the marketplace in a strict and narrow sense and involve interactions between corporations and nongovernmental organizations (NGOs), activist groups, regulatory bodies, consumers, and civil society. These interactions can significantly color a corporation's alternatives, making socially or environmentally harmful behavior much less attractive. British Petroleum, for example, has voluntarily reduced its greenhouse gas emissions over the past ten years, Starbucks, has changed the environmental impact of its coffee production, and Nike and other footwear and textile makers now monitor the labor conditions of their subcontractors. When Principles Pay jumps headfirst into this engaging and vital issue, asking whether profit maximization and the generation of value for shareholders is compatible with policies that support social and environmental goals. Geoffrey Heal presents a comprehensive examination of how social and environmental performance affects a corporation's profitability and how the stock market reacts to a firm's social and environmental behavior. He looks at socially responsible investment (SRI), reviewing the evolution of the SRI industry and the quality of its returns. He also draws on studies conducted in a wide range of industries, from financials and pharmaceuticals to Wal-Mart and Monsanto, and focuses on the actions of corporations in poor countries. In conclusion, Heal analyzes how social and environmental performance fits into accounting and corporate strategy, presenting an executive perspective on the best way to develop and implement these aspects of a corporation's behavior.
Book Synopsis Handbook on the Economics of Retailing and Distribution by : Emek Basker
Download or read book Handbook on the Economics of Retailing and Distribution written by Emek Basker and published by Edward Elgar Publishing. This book was released on 2016-01-29 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook explores and critically examines current research in economics and marketing science on key issues in retailing and distribution. Providing a rich perspective for the discussion of public policy, contributions from several disciplines and continents range from the history of chains and the impact of multinational retailers on international trade patterns to US merger policy in the retail context, the rise of the Internet, and consumer-to-consumer sales. The chapters address methodological issues such as the structural estimation of entry games between retailers, productivity measurement when both inputs and output are not fully observable, and demand estimation with variable assortment. Policy issues explored include mergers, zoning, and the regulation of buyer power, while other chapters address some of the recent exciting developments in technology, retail formats, and data availability. The book goes on to study the changes in online retailing and ‘big data’, and to examine competition in specific retail sectors including gasoline stations, automobile dealerships, supermarkets, and ‘big box’ retail. This state-of-the-art Handbook is an essential reference for students and academics of economics and marketing science, and offers an outsider’s perspective to specialists in operations research, data analytics, geography, and sociology.
Book Synopsis Economic Consequences of Globalization by : Shujiro Urata
Download or read book Economic Consequences of Globalization written by Shujiro Urata and published by Routledge. This book was released on 2012-06-25 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have long recognized the gains from international trade. The question is, does international trade – or more broadly, globalization – increase growth? Notwithstanding the debates, there are still many questions, old and new, need to be explored in order to improve our understanding on various aspects of globalization, including its consequences. This book addresses some of these questions, utilizing micro datasets of some East Asian countries. The focus on East Asia is particularly interesting for the reason that most of these countries have relatively more opened economy and experienced a rapid de facto integration quite recently. The book puts forward questions which are related to the relationship between globalization on the one hand, and firm performance, activities, or characteristics, on the other. The chapters draw recent theoretical framework from the relevant literatures, and then empirically test – mostly by econometric analysis – the hypotheses on these relationships. The extent or magnitude of the globalization impact is also demonstrated by the means of descriptive analysis. Finally, there are useful insights for policy decision-makers to be drawn from the empirical results. The book presents rigorous empirical analysis based on recent theoretical framework in international economics, focusing on the highest growing region in the world. The use of micro-data analysis – a key feature of this book – gives us much richer information on various issues of globalization. This book, therefore, should be of the interest to scholars and postgraduate students of international economics, development economics, and East Asian economics.
Book Synopsis Narrating the Rise of Big Business in the USA by : Anne Mayhew
Download or read book Narrating the Rise of Big Business in the USA written by Anne Mayhew and published by Routledge. This book was released on 2008-07 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Anne Mayhew focuses on the stories surrounding the creation of Standard Oil and Wal-Mart, combining the accounts of economists with the somewhat darker pictures painted by writers of fiction.
Download or read book The New Goliaths written by James Bessen and published by Yale University Press. This book was released on 2022-05-17 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: An approach to reinvigorating economic competition that doesn’t break up corporate giants, but compels them to share their technology, data, and knowledge “Bessen is a master of unpacking the nuances of a complex array of interrelated trends to build a coherent story of how the promise of the democratized Internet ended up under the control of just a few. Read The New Goliaths to see how the forest came to have only room for a few tall trees with the rest of us in the undergrowth.”—Joshua Gans, coauthor of Prediction Machines: The Simple Economics of Artificial Intelligence Historically, competition has powered progress under capitalism. Companies with productive new products rise to the top, but sooner or later, competitors come along with better innovations and disrupt the threat of monopoly. Dominant firms like Walmart, Amazon, and Google argue that this process of “creative destruction” prevents them from becoming too powerful or entrenched. But the threat of competition has sharply decreased over the past twenty years, and today’s corporate giants have come to power by using proprietary information technologies to create a tilted playing field. This development has increased economic inequality and social division, slowed innovation, and allowed dominant firms to evade government regulation. In the face of increasing calls to break up the largest companies, James Bessen argues that a better way to restore competitive balance and dynamism is to encourage or compel these companies to share technology, data, and knowledge.
Book Synopsis Narrating the Rise of Big Business in the USA by : Anne Mayhew
Download or read book Narrating the Rise of Big Business in the USA written by Anne Mayhew and published by Routledge. This book was released on 2008-07-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a story about stories and specifically about some of the stories that Americans have told themselves about corporate economic power." In this book, Anne Mayhew focuses on the stories surrounding the creation of Standard Oil and Wal-Mart and their founders , John D. Rockefeller and Sam Walton, combining the accounts of economists with the s
Book Synopsis Categories in Markets by : Greta Hsu
Download or read book Categories in Markets written by Greta Hsu and published by Emerald Group Publishing. This book was released on 2010-11-12 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on how market categories shape processes of production and consumption and how these activities in turn shape category systems. This volume explores topics such as: how new categories emerge, become enacted and gain consensus, how categories are used by market agents, and how category systems change over time.
Book Synopsis Urban and Regional Policy and its Effects by : Nancy Pindus
Download or read book Urban and Regional Policy and its Effects written by Nancy Pindus and published by Brookings Institution Press. This book was released on 2010-07-01 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Urban and Regional Policy and Its Effects, the second in a series, sets out to inform policymakers, practitioners, and scholars about the effectiveness of select policy approaches, reforms, and experiments in addressing key social and economic problems facing cities, suburbs, and metropolitan areas. The chapters analyze responses to six key policy challenges that most metropolitans areas and local communities face: • Creating quality neighborhoods for families • Governing effectively • Building human capital • Growing the middle class • Growing a competitive economy through industry-based strategies • Managing the spatial pattern of metropolitan growth and development Each chapter discusses a specific policy topic under one of these challenges. The authors present the essence of what is known, as well as the likely implications, and identify the knowledge gaps that need to be filled for the successful formulation and implementation of urban and regional policy. Contributors: Karen Chapple and Rick Jacobus (University of California, Berkeley and Burlington Associates), Jeffrey R. Henig and Elisabeth Thurston Fraser (Teachers College, Columbia University), W. Norton Grubb (University of California, Berkeley), Harry J. Holzer (Georgetown University and Urban Institute), Susan Christopherson and Michael H. Belzer (Cornell University and Wayne State University), and Rolf Pendall (Cornell University)
Book Synopsis Services and Employment by : Mary Gregory
Download or read book Services and Employment written by Mary Gregory and published by Princeton University Press. This book was released on 2021-02-09 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is Europe's employment rate almost 10 percent lower than that of the United States? This "jobs gap" has typically been blamed on the rigidity of European labor markets. But in Services and Employment, an international group of leading labor economists suggests quite a different explanation. Drawing on the findings of a two-year research project that examined data from France, Germany, the Netherlands, the United Kingdom, and the United States, these economists argue that Europe's 25 million "missing" jobs can be attributed almost entirely to its relative lack of service jobs. The jobs gap is actually a services gap. But, Services and Employment asks, why does the United States consume services at such a greater rate than Europe? Services and Employment is the first systematic and comprehensive international comparison on the subject. Mary Gregory, Wiemer Salverda, Ronald Schettkat, and their fellow contributors consider the possible role played by differences in how certain services--particularly health care and education--are provided in Europe and the United States. They examine arguments that Americans consume more services because of their higher incomes and that American households outsource more domestic work. The contributors also ask whether differences between U.S. and European service sectors encapsulate fundamental trans-Atlantic differences in lifestyle choices. In addition to the editors, the contributors include Victor Fuchs, William Baumol, Giovanni Russo, Adriaan Kalwij, Stephen Machin, Andrew Glyn, Joachin Möller, John Schmitt, Michel Sollogoub, Robert Gordon, and Richard Freeman.
