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PURPOSE: The aim of the paper is to determine the impact of insolvency of one company from Poland on job and wage satisfaction (as well as the individual perception of the situation of the employee, company and region) among a group of former employees of this insolvent company who became employed by a new employer. DESIGN/METHOD: Conducted research entailed collecting survey data from two groups of employees working at the same company: one group with the experience of company insolvency and a group of employees without such an experience. Data analysis involved the Pearson’s chi-square test of independence and Cramér’s V, as well as Shapiro-Wilk test for normality employed to compare distributions of answers in both analyzed groups. RESULTS/FINDINGS: Conducted analysis confirmed the existence of the relationship between the experience of company insolvency and job and wage satisfaction. Individuals that experienced insolvency of their former employer revealed significantly higher job and wage satisfaction than others. These individuals were also less willing to look for another job, felt appreciated at work and were more optimistic about career perspectives after reemployment. Besides, significant differences between distributions of answers in both analysed groups were observed: for the group of employees with the experience of company insolvency the null hypothesis of normal distribution of answers was rejected for the majority of variables, while in the other group only for one variable. ORIGINALITY/VALUE: It is the first study that analyses the impact of company insolvency on individual perceptions and job and wage satisfaction within a group of former employees that were later employed (as a group) by a new employer. KEYWORDS: insolvency, bankruptcy, job satisfaction, wage satisfaction. JEL: J28, J63, J65

The economic literature focuses mostly on faster ageing of population among developed countries; however, many developing countries experience even more dramatic pace of this process. Mauritius, with the median age of population higher than the world average since 1990s, represents a prominent example of such a case. In this paper, we analyse demographic developments in Mauritius and discuss their macroeconomic implications using an open‐economy OLG model with demographic shocks. We project that a decline in the Mauritian interest rate and net foreign assets to GDP resulting from ageing will be accompanied by a temporary increase in GDP, consumption and investment.

The paper presents results of a descriptive analysis of income distributions as well as top income inequality among women and men in Poland. The analysis is based on the dataset provided by the Council for Social Monitoring (2019). Throughout 2003–2015 their panel survey included, for example, a question on individual net monthly income in the past three months. In order to reduce differences associated with the age of entering and exiting the labour market on declared income levels (especially pensions), the calculations include only women and men aged 25–60 years. The analysis of income distributions of women and men in Poland is based on standard measures such as mean income, median income and related measures, as well as the Gini coefficient, Theil index and entropy index. It is supplemented by kernel density estimates and results of simultaneous quantile regressions that demonstrate differences between women and men across income groups. The analysis of top income inequality includes comparisons of subsamples consisting of top 3% earners in each group. The share of women in the top percentiles is then calculated and discussed. The analysis shows different dynamics related to the incomes of women and men, which provides support for including business cycle considerations in the analysis of income inequalities and their gender aspects.

Technological progress in the treatment of type 1 diabetes requires doctors to use modern methods of insulin therapy in all areas of medicine that patients may come into contact with, including surgical interventions. The current guidelines indicate the possibility of using continuous subcutaneous insulin infusion in minor surgical procedures, but there are few reported cases of using a hybrid closed-loop system in perioperative insulin therapy. This case presentation focuses on two children with type 1 diabetes who were treated with an advanced hybrid closed-loop (AHCL) system during a minor surgical procedure. In the periprocedural period, the recommended mean glycemia and the time in range were maintained.

Uzasadnienie teoretyczne: Polski rynek tekstylno-odzieżowy jest jednym z największych i najbardziej dynamicznie rosnących rynków w Europie Środkowo-Wschodniej. Branża ta cechuje się wysoką dynamiką zmian, zarówno sezonowych, jak i obserwowanych w skali cyklu koniunkturalnego.Cel artykułu: Syntetyczna charakterystyka sytuacji w branży tekstylno-odzieżowej w Polsce oraz zmian w niej zachodzących, a także ocena wpływu wybranych determinant na klimat koniunktury w badanej branży.Metody badawcze: W artykule wykorzystano analizę opisową opartą o dane miesięczne dotyczące wskaźnika ogólnego klimatu koniunktury w branży odzieżowej, tekstylnej i obuwniczej w Polsce, opublikowane przez Główny Urząd Statystyczny za okres styczeń 1994 – czerwiec 2020, a także zastosowano model wektorowej autoregresji do oceny wpływu cen, ogólnej sytuacji gospodarczej przedsiębiorstw, ilości sprzedawanych towarów, stanu zapasów towarów, sytuacji finansowej przedsiębiorstw oraz stopy bezrobocia na ocenę koniunktury w badanej branży. Ze względu na ograniczoną dostępność danych z lat dziewięćdziesiątych XX wieku, udokumentowaną przerwę strukturalną (datowaną na styczeń 2006 roku) oraz wybuch pandemii COVID-19 estymację przeprowadzono dla okresu 2006–2019.Główne wnioski: Przeprowadzona analiza potwierdziła wystąpienie zmian strukturalnych zachodzących w branży tekstylno-odzieżowej w Polsce. Okres 1994–2005 cechował się znacznie niższą średnią wartością wskaźnika ogólnego klimatu koniunktury i dużo większą zmiennością o charakterze sezonowym niż okres późniejszy. Wykorzystanie w analizie modelu VAR(12) pozwoliło na stwierdzenie negatywnego wpływu wzrostu cen oraz przyspieszenia wzrostu bezrobocia, jak również pozytywnego wpływu wzrostu ilości sprzedawanych towarów oraz powiększenia stanu zapasów na koniunkturę w branży tekstylno-odzieżowej. Przeprowadzona analiza pokazała ponadto ograniczenia prognozowania w sytuacji nieprzewidzianych szoków, takich jak wybuch pandemii COVID-19.

This paper puts the problem of macroeconomic imbalances in the euro area in an unconventional perspective, focusing on more intense interpersonal income comparisons between individuals from different euro area countries after introduction of a common currency. Costs and benefits of monetary integration (associated with more intense income comparisons) are expressed in terms of aggregate relative deprivation (ARD). It is demonstrated empirically that for 12 euro area countries greater cumulative costs of monetary integration expressed in ARD terms (“ARD losses”) in the euro area are positively correlated with greater cumulative increase in the general price level, in the unemployment rate and greater budgetary deficits. No statistically significant relationship was found for appreciation of the real effective exchange rate, nor current account deficits.

Mainstream economics tends to perceive economic systems in a mechanistic way, which makes it impossible to grasp the notion of the irreversibility of real economic process­es and thus encourages referring to the achievements of thermodynamics.Although economic equivalents of thermodynamic quantities have been discussed for more than a hundred years, a sig­nificant development of thermodynamic techniques of modeling economic phenomena, that could complement standard econometric methods, has not been observed.It seems that a comparative analysis of the course of thermodynamic and business cycles could enhance the understand­ing of the mechanisms underlying business cycles, especially in the context of mutual rela­tions between economy and its environment.The aim of this article is to discuss some simi­larities and differences between economic and thermodynamic systems (heat engines and heat pumps). In particular, the problem of performing positive or negative work by an economy is considered and illustrated by the analysis of statistical data referring to the American and Polish economies.

Drawing on the premise that the integration of economies revises people's social space and their comparators, we quantify social stress by aggregate relative deprivation, ARD; we calculate the effect of monetary mergers on ARD; and we document the validity of the superadditivity property of ARD for successive adoptions of a common currency by European countries. One feature of monetary unification, which replaces diverse currencies with a common currency, is that it brings about a change in the comparison environment, expanding the reference space of individuals in a given country to encompass individuals from the joining countries. Overall, calculations regarding six enlargements of the Economic and Monetary Union between 1999 and 2011 reveal an increase of ARD on six occasions when we hold incomes constant, and on five when we take into consideration changes in incomes. In addition, we observe an uneven distribution of the costs and benefits from monetary integration among the participating countries when these costs and benefits are measured in terms of ARD.

Inflation expectations, both their median and dispersion, are of great importance to the effectiveness of monetary policy. The goal of this paper is to examine the impact of the global financial crisis on dispersion of inflation expectations in the European Union. Using European Commission’s survey data, we find that in the early phase of the crisis the dispersion dropped rapidly but then, after Lehman Brothers’ collapse, the trend reversed and these fluctuations cannot be explained by movements of inflation rates and other commonly used factors. We also observe that, in the new European Union member states, the initial drop of the dispersion was weaker whereas the subsequent rise was stronger as compared to the old member states.

In this paper we present some tendencies characterizing situation in Polishbanking system in the after-crisis period. Accordingly, asconventional bankingsystem seems to be an instrument increasingsocial tensions and frictions, wehypothesize that to some extent inspiration might be taken from dynamicallyexpanding Islamic capital markets.Furthermore, we bring up questions concerning a socially desirableshape ofbanking system,the problem of dual (public/private) character of moneyandpresent some reflections on euro.Referring to the public/private frameworkofanalysis, we remark that if particular functions of money are realized efficiently indistinct contexts or spheres, circulation of a single type of moneymay favourcertain groups of agents

This article investigates the contribution made by Zofia Daszyńska-Golińska (1860-1934)—an economist, feminist and activist—to economic theory and practice. Her career was influenced by the situation of Poland and women at the turn of the 20th century. In her writings, Daszyńska-Golińska covered a wide range of issues, but her greatest accomplishments were in the area of demography, social policy and the role of women in the economy. Unfortunately, today her achievements are not widely known, neither in Poland, nor outside of its borders. Therefore, the aim of the article is to present her biography and discuss the main threads of her writings, which are currently available in digital archives of Polish and Swiss institutions. To contextualise our reflections, we compare Zofia Daszyńska-Golińska with a much better-known Polish female economist of that time - Rosa Luxemburg (1871-1919). We claim that Daszyńska-Golińska was an important but forgotten forerunner of theories of demographic transition, social policy, and women’s emancipation. Cet article analyse les contributions de Zofia Daszyńska-Golińska (1860-1934) – une économiste, féministe et militante – à la théorie économique et à la pratique de l’économie. Sa carrière a été influencée par la situation en Pologne, et en particulier la condition des femmes, au début du 20ème siècle. Dans ses écrits, Daszyńska-Golińska aborde des nombreux sujets ; cependant, sa contribution la plus importante se situe dans les domaines de la démographie, des politiques sociales et du rôle des femmes dans la discipline économique. Malheureusement, ses réalisations sont aujourd’hui très peu connues, que ce soit en Pologne ou en dehors. Le but de cet article est donc de présenter sa biographie et de discuter les principaux fils conducteurs de ses écrits, actuellement disponibles dans les archives numériques d’institutions polonaises et suisses. Pour contextualiser ses réflexions, nous comparons Zofia Daszyńska-Golińska avec une autre femme économiste polonaise de la même époque, mieux connue – Rosa Luxemburg (1871-1919). Nous défendrons l’idée que Daszyńska-Golińska a été une contributrice importante mais oubliée, notamment comme précurseur des théories de la transition démographique, dans le domaine des politiques sociales et dans la pensée sur l’émancipation des femmes.