The consequences of deregulation: A comparison of the experiences of UK building societies with those of US Savings and Loan Associations

It has been estimated that deregulation of US S&Ls will cost the US taxpayer ￡500bn in terms of the compensation paid out for the resulting scandals and failures. In contrast, the deregulation of UK building societies, although initially followed by a series of scandals and losses of ￡1bn., eventually resulted in substantially increased profitability. The social effects in the UK have been quite different to those in the US. As a result of the increased importance placed on profitability as opposed to mutuality, many homeowners have had their properties repossessed, and investors been mis-soId unsuitable investments. However, UK building societies, by a mixture of good luck and judgement, have avoided the principal regulatory pitfalls, which beset the S&Ls in terms of bankruptcies and fraud. This paper seeks to explain these different post-deregulation experiences. It extends to the UK the looting model of Akerlof and Romer (1993) and the managerial diversion model of Nichols (1972) which went so far to explain and anticipate, respectively, the US experience. This revised version was published online in July 2006 with corrections to the Cover Date.     

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Marital Satisfaction and Marital Discord as Risk Markers for Intimate Partner Violence: A Meta-analytic Review

A meta-analysis investigating the relationship between marital satisfaction/discord and intimate partner violence (IPV) in heterosexual relationships was conducted with 32 articles. Overall, a small-to-moderate effect size (r = −0.27) indicated a significant and negative relationship existed between marital satisfaction/discord and IPV. Moderator analyses found no differences between effect size based on construct examined (discord or satisfaction). However, the magnitudes of observed effect sizes were influenced by other moderator variables, including the use of standardized versus non-standardized measures, gender of the offender and victim, role in the violence (perpetrator versus victim), and sample type (clinical versus community). The data suggests that gender is an especially important moderator variable in understanding the relationship between marital satisfaction/discord and IPV.     

Suited to Serve: The Antecedents and Perceptions of Public Service Motivation in National Service

While research suggests that public service motivation may be a dynamic trait in individuals, particularly early in their careers, other recent research has found that PSM may be relatively stable upon entry into the workforce (Vogel and Kroll 2016). To identify more precisely the decision point among individuals considering a public service career, the present study uses the antecedents of public service motivation framework (Perry 1997) to predict participation in AmeriCorps, a voluntary national service program in the United States. Findings reveal that antecedent conditions of PSM, including the prevalence of seeing family members and mentors help others as well as participation in student government, predict whether an individual will join an AmeriCorps programs. Many of these self-reported motivations support the argument that people attracted to public service hold strong other-regarding values. These findings suggest that human resources managers would be wise to consider these antecedent conditions to public service motivation when identifying pools of talent for recruiting and selecting prospective employees.