We present in this paper the main characteristics and motivations for reforming higher education systems, first in England (a successful process from the point of view of the policy-makers) since the early 80s and then at the European level since the mid-90s. We stress the shift from a...

En 1972, le magazine Playboy revenait, à l’occasion d’une interview d’Alinsky en douze parties, sur quelques éléments marquants de sa vie. Parmi ceux-ci, l’un d’eux a attiré mon attention. Il s’agit du littéral retournement de la communauté de Back of the Yards. Cette...

Cross-ownership breaks the traditional rule of one-sided corporate control. Using a novel approach based on stochastic voting processes, this paper proposes a general method to determine control stakes in the presence of cross-ownership. It offers a generalization of the Banzhaf index, which...

The financial crisis of 2007-09 has raised questions concerning orthodox ideas of how financial markets operate and how financial institution firms (and their decision makers) behave in such market settings. The crisis has revealed the need for new thinking in these areas. This paper outlines a...

A major concern regarding the consequences of offshoring is the worsening of the labour market position of low-skilled workers. This paper addresses this issue by providing evidence on the impact of offshoring on the skill structure of manufacturing employment in Belgium between 1995 and 2007....

Using longitudinal matched employer-employee data for the period 1999-2006, we investigate the relationship between age, wage and productivity in the Belgian private sector. More precisely, we examine how changes in the proportions of young (16-29 years), middle-aged (30-49 years) and older...

Labour economists typically assume that pay differences between occupations can be explained with variations in productivity. The empirical evidence on the validity of this assumption is surprisingly thin and subject to various potential biases. The authors use matched employer-employee panel...

When a financial crisis breaks out, speculators typically get the blame whereas fundamentalists are presented as the safeguard against excessive volatility. This paper proposes an asset pricing model where two types of rational traders coexist: short-term speculators and long-term...

Ageing is a distinctly gendered phenomenon, women being increasingly represented in the older cohorts of the European population, due to their longer life expectancy than men. Furthermore, gender differences and inequalities are a fundamental feature of social exclusion and poverty in old age....

The present study analyses the impacts of verbal interactions as well as the team’s international diversity on team performance and on team members’ satisfaction during a game called the Marshmallow Challenge. Ninety-one students from a business school participated in the game, forming...