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  1. The Great and the Small: The Impact of Collective Action on the Evolution of Board Interlocks after the Panic of 1907

    Conventional research in organizational theory highlights the role of board interlocks in facilitating business collective action. In this article, I propose that business collective action affects the evolutionary path of interlock networks. In particular, large market players’ response after a collective action to the classic problem of the "exploitation" of the great by the small provides a mechanism for interlocks to evolve.

  2. Variation in the Protective Effect of Higher Education against Depression

    Numerous studies document that higher education is associated with a reduced likelihood of depression. The protective effects of higher education, however, are known to vary across population subgroups. This study tests competing theories for who is likely to obtain a greater protective benefit from a college degree against depression through an analysis of data from the National Longitudinal Study of Adolescent to Adult Health and recently developed methods for analyzing heterogeneous treatment effects involving the use of propensity scores.

  3. Where Does Debt Fit in the Stress Process Model?

    This paper contrasts two money-related stressors—debt and economic hardship—and clarifies where debt fits into the stress process model. Debt may be a direct or indirect stressor, as something mediated by psychosocial resources, and may be a potential buffer, interacting with economic hardship. The analyses use data from a two-wave panel study of 1,463 adults. One way debt is distinct from economic hardship is that debt is more common among economically advantaged groups.

  4. The Causes of Fraud in the Financial Crisis of 2007 to 2009: Evidence from the Mortgage-Backed Securities Industry

    The financial crisis of 2007 to 2009 was marked by widespread fraud in the mortgage securitization industry. Most of the largest mortgage originators and mortgage-backed securities issuers and underwriters have been implicated in regulatory settlements, and many have paid multibillion-dollar penalties. This article seeks to explain why this behavior became so pervasive. We evaluate predominant theories of white-collar crime, finding that theories emphasizing deregulation or technical opacity identify only necessary, not sufficient, conditions.

  5. The Price of Protection: A Trajectory Analysis of Civil Remedies for Abuse and Women’s Earnings

    We know men’s violence against women is costly. Yet, we know little about the costs—or benefits—of women’s efforts to end it. This study investigates the temporal dynamics of women’s earnings and petitioning for a Protection from Abuse (PFA) civil restraining order. Women’s earnings might rise or fall at the time of petitioning but quickly return to pre-petitioning levels, a short-term boost or shock; or, petitioning might precipitate a longer-term stall or upward shift in women’s earnings.

  6. Socius Special Issue Call for Papers

    Socius: Sociological Research for a Dynamic World invites papers for a special issue on gender in the 2016 elections. We invite contributions on all topics relevant to gender and politics. Potential topics could include (but are not limited to): gender and the executive; women, social policy, and state legislative elections; intersectionality and the media; gender and public opinion; and women in changing political institutions. Informative papers on trends or cross-national comparisons are welcome as long as they are framed in relation to the 2016 U.S. election.

  7. Contexts: Untethered

    Fall 2016 Vol. 15 No. 4

    Features include "Financial Foreclosures," "Fat Eggs or Fit Bodies," "God's Case for Sex," "Revisiting the Rationing of Medical Degrees in the United States," and "Activating Politics with Poetry and Spoken Word."

  8. Study: Banks Hired Risk Officers to Mitigate Risk in Years Before Collapse. It Didn’t Go So Well

    New research suggests a significant number of national and international American banks hired new Chief Risk Officers to mitigate risk but may have actually helped lead the industry into widespread insolvency.

    Starting in the 1990s, many major banks hired Chief Risk Officers (CROs) in a response to new laws and regulations put in place following financial meltdowns in the 1980s. In an effort to comply, banking officials elevated risk analysts to corner offices to show they were serious about tackling risk.

  9. Paradoxes of Social Policy: Welfare Transfers, Relative Poverty, and Redistribution Preferences

    Korpi and Palme’s (1998) classic “The Paradox of Redistribution and Strategies of Equality” claims that universal social policy better reduces poverty than social policies targeted at the poor. This article revisits Korpi and Palme’s classic, and in the process, explores and informs a set of enduring questions about social policy, politics, and social equality.

  10. Policy Entrepreneurs and the Origins of the Regulatory Welfare State: Child Labor Reform in Nineteenth-Century Europe

    Industrial child labor laws were the earliest manifestation of the modern regulatory welfare state. Why, despite the absence of political pressure from below, did some states (but not others) succeed in legislating working hours, minimum ages, and schooling requirements for working children in the first half of the nineteenth century? I use case studies of the politics behind the first child labor laws in Germany and France, alongside a case study of a failed child labor reform effort in Belgium, to answer this question.