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Purpose An interest in social transmission as a source of welfare and income inequality in a society has re-emerged recently with new vigour in leading economic research (see Piketty, 2014). This paper presents a mixed Bourdieu-Mincer (B-M) type micro-economic model which provides a testable mechanism for culturally biased socio-economic inter-generational transmission. In particular, the operationalisation of this mixed B-M type model seeks to find evidence for individual and local cultural capital effects on the economic achievements, in addition to the human capital effect, for both migrants and locals in the Netherlands. The purpose of this paper is to examine two sources of wage differential in the local labour market, namely: individual cultural capital (approximated by immigrant background), which affects schooling results; and the local cultural capital (approximated with the cultural milieu), which directly biases the selection of employees.Design/methodology/approach The study utilises the 2007-2009 data set for higher professional education (in Dutch termed HBO) graduates registered in the Maastricht database. The Mincer-type equation is augmented with a control variable for the local cultural milieu. The authors cope with this model empirically by means of 2SLS and 3SLS methods.Findings The authors find convincing evidence for the existence of both an individual cultural capital and a local cultural capital effect on schooling and wage differentials. This can be interpreted as a migrant background effect leading to a disadvantaged position on the labour market due to less frequently attending high-quality secondary schools.Originality/value More importantly, the authors find evidence for a classical Myrdalian effect of self-fulfilling prophecy, in which graduates with second-generation migrant background have a disadvantaged position due to access only to poorer quality of schooling. [ABSTRACT FROM AUTHOR]

Purpose — The aim of this paper is to explain the relationship between economic performance and labour manoeuvrability of township-village enterprises in the Jiangsu province, People's Republic of China. Design/methodology/approach — After a concise general overview of recent economic developments in the Chinese economy and the functioning of labour markets, a statistical analysis was performed on economic performance and labour market conditions based on a sample of 103 enterprises in the area considered. Findings — The analysis shows that the flexibility to fire employees has a considerable impact on the rise in added value of the enterprises, whereas hiring flexibility appears to have negligible effects. Research limitations/implications — Although the paper has a limited scope related to one Chinese province, it seems plausible that the results — a positive economic effect of deregulation — have a more general validity, b"t this would call for a broader comparative study across sectors and regions. Originality/value — The paper thus offers a novel contribution to a better understanding of the economic performance after the fast changes in the Chinese economy. [ABSTRACT FROM AUTHOR]

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Self-Organised Criticality (SOC) is a concept developed over the last decade from dynamic systems analysis that aims to investigate the transition trajectories of evolutionary systems. The main emphasis in SOC is on the analysis of the impact of slow exogenous forces in combination with strong localised interactions between single elements or components of the systems concerned, with particular regard to the attainment of a critical state at the macro-level. Against this background, SOC serves to identify the critical conditions from the internal dynamics of the systems that lead to major and significant transformations of their behaviour. The present paper aims to offer insights and reflections originating from the SOC concept, as well as to explore its potential contribution to understanding the evolution of regional economic patterns, in particular the functioning of regional labour markets. In our study, the evolutionary dynamics of employment at a district level in West Germany as well as in the combined West and East German setting will be investigated, in order to detect the possible existence of a power law distribution of growth rates, which may be seen as an indication for SOC at the macro-economic level. In this context, SOC may help to explain the presence of large socio-economic regional fluctuations in a country, and, in general, the dynamics inherent to regional development. [ABSTRACT FROM AUTHOR]