Economy – Page 48 – Shamskm: A site to exchange knowledge and solutions

Study: Workplace Diversity Must Include buy-in from Whites

By Guest PostJanuary 18, 20111 commentCulture, Economyamerican lexicon of diversity, basic human need, buy in, colorblindness, conceptualization of multiculturalism, jeffrey sanchez burks, laura buffardi, multicultural environment, multiculturalism, organizational efforts, research, university of michigan, white individuals, whites

ANN ARBOR, Mich.— Organizational efforts to create and maintain an inclusive multicultural environment often face resistance by whites, says a University of Michigan researcher.

“Without the support of whites, organizations and educational settings will fail in their attempts to navigate and manage the complexities of diverse work forces and constituencies,” said Jeffrey Sanchez-Burks, an associate professor of management and organizations at Michigan’s Ross School of Business. “In the face of the dramatic projected growth in demographic diversity, such failure could have severe economic, social and political consequences. (more…)

Some Banks Help Keep Mortgage Holders Out of Default, Studies Find

By Guest PostJanuary 4, 20113 commentsEconomybad loan practices, foreclosure crisis, homebuyers, mortgage brokers, type of mortgage

COLUMBUS, Ohio – While the nation’s foreclosure crisis has focused blame on bad loan practices by some lenders, new research shows how some banks may have actually reduced the default risk of their homebuyers. (more…)

Mortgage Defaults at Lowest Levels in Five Years

By Guest PostDecember 25, 20102 commentsEconomydennis capozza, economic downturn, mortgages, risk-management, university financial associates (ufa)

ANN ARBOR, Mich.—Default risk on home loans fell once again this quarter to its lowest level in more than five years, says a professor at the University of Michigan’s Ross School of Business.

Dennis Capozza, professor of finance and real estate and the Dykema Professor of Business Administration, says that under current economic conditions, investors and lenders should expect defaults on loans currently being originated to be just slightly higher than mortgage defaults in early 2005. (more…)

Shopping Differences Between Sexes Show Evolution at Work

By Guest PostDecember 23, 2010Economyforaging societies, shopping behavior, women

ANN ARBOR, Mich.— The last-minute holiday dash is on: Men tend to rush in for their prized item, pay, and leave. Women study the fabrics, color, texture and price. (more…)

Researchers Skeptical About Bank Taxes, Regulations Still Needed

By Guest PostDecember 17, 20101 commentEconomybank taxes, executive bonuses, financial asset transactions, new tax instruments, role of taxation, tax, tax on bonuses

ANN ARBOR, Mich.— Taxes on executive bonuses, financial transactions and excess profits are a few of the taxes proposed or enacted to punish banks for their role in the recent financial crisis, but most of these ideas have shortcomings, says a University of Michigan economist. (more…)

All levels of American Families Reeling From Economic “Shock”

By Guest PostDecember 16, 2010Economyamerican families, american households, economic hardship, economic insecurity, economic shock, middle class

More than 93% of American households experienced “substantial economic shock” in 2008-2009, according to a Rockefeller Foundation-supported study headed by political science professor Jacob Hacker. (more…)

Most Low Birth Weight Babies Become Productive Adults

By Guest PostDecember 2, 2010Economy, Generalbabies, canada, education, john goddeeris, long-term economic impact, low birth weight, neonatal care, productive adults, salary levels, saroj saigal, survival rates, survivors, united states

John Goddeeris, professor of economics. Image credit: Michigan State University

EAST LANSING, Mich. — Most survivors of extremely low birth weight grow up to become productive adults, according to a study led by a Michigan State University economist.

Extremely low birth weight is defined as less than about 2.2 pounds. About one in 200 babies is born at that size. But because relatively few survived prior to the 1980s, few studies have examined their adult outcomes.

The study led by MSU’s John Goddeeris found that while these survivors were somewhat less productive as adults, on average, than normal-weight subjects, the productivity deficits were not very large. The study, which appears in the journal Pediatrics, measured education and salary levels.

“Our findings suggest that the long-term economic impact of being born at extremely low birth weight is pretty modest for typical survivors,” said Goddeeris, professor of economics. (more…)

5.7 Million Californians Lack Access to Job-based Coverage

By Guest PostDecember 1, 2010Economyamericans, california, california health interview survey, california wellness foundation, californians, chis, employer, gary l yates, health insurance, los angeles, robert k ross, shana alex lavarreda

Most Americans receive health insurance coverage through their employer, or through an employed family member’s dependent coverage. Yet having a job is no guarantee of coverage, according to a new policy brief from the UCLA Center for Health Policy Research.

Using data from the California Health Interview Survey (CHIS), the brief’s authors found that one-fifth of Californians under age 65 who lived in households with at least one employed family member — or 5.7 million – had no access to job-based health insurance in 2007. (more…)

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