This article compares immigrant and native‐born male occupational distributions in Canada in the 1980s. Three questions are addressed: (1) How do immigrant and native‐born occupational distributions differ? (2) Are immigrants more occupationally mobile? and (3) How do immigrant occupations and mobility relate to characteristics used in immigrant selection? Results indicate that immigrants are more skilled, but this declines across successive cohorts. Immigrants are more occupationally mobile even long after arrival, indicating immigration may contribute to a more flexible labor force. Immigrants who are not assessed on their skills or are not fluent at arrival are less occupationally mobile.

The subject area of "Consolidations" offers itself as a most suitable workshop for testing many of the notions of accounting. Yet the usual textbook solution involves so much busy work that the student has little remaining time or energy to benefit from theoretical inquiry. Indeed, the drudgery involved in the initial preparation of the worksheet may be sufficient to divert intellectual attention! Another obstacle to the learner is found in the multi-chapter approach to the subject found in many textbooks. With this approach, the student works largely with small discrete parts of the whole. Ordinarily this might be desirable; here, however, his attention is best directed to the whole problem since the answers to the parts are relevant only in the context of the whole. It is usually true that by the time a student undertakes the study of consolidations, he has an extensive and thorough background in accounting methodology and theory. The question as to the proper method for disposition of minority share of inter company profit of the three listed earlier is deliberately not raised here. Probably the answer relates to the purpose of the consolidated statements.

This article comments on obsolescence accounting the background of the article titled "Conclusion of the Atlas Plywood Story," the appeared in the November 1958 issue of the "Journal of Accountancy." The following definitions of obsolescence are found in accounting literature: "This term obsolescence is usually defined broadly to embrace the entire effect of the progress of invention and technical improvement." And "obsolescence in the narrow sense represents the effect of inventions and technical developments upon plant assets in use." Here an asset is considered totally obsolete when its replacement is dictated by economic considerations. Partially obsolete is the state that exists when a replacement for an existing owned asset is made available, but economic analysis does not dictate replacement. That is, the inferiorities of the old asset in relation to the new are not material enough to war-rant the outlay for the new. The effects of technology may either be predictable or unpredictable at the time of asset acquisition. Predictable effects of technological change give rise to what is termed ordinary obsolescence; unpredictable change results in extraordinary obsolescence.

David Green, Jr., Joel Segall, The Predictive Power of First-Quarter Earnings Reports: A Replication, Journal of Accounting Research, Vol. 4, Empirical Research in Accounting: Selected Studies 1966 (1966), pp. 21-36

This article examines the determinants of changes in the U.S. wage structure from 1976 to 2000. Our main empirical observation is that changes in both the level of wages and the returns to skill over this period were primarily driven by changes in the ratio of human capital to physical capital. We show that this pattern conforms extremely well to a simple model of technological adoption following a major change in technological opportunities. In contrast, we do not find much empirical support for the view that ongoing (factor‐augmenting) skill‐biased technological progress has been an important driving force over this period.

This article provides an overview of the Canadian Unemployment Insurance (UI) program, including its evolution, salient features, relative size, and knowledge about its labor market impacts. Understanding of these impacts is limited, and we conclude that an "event-study" approach is a promising way to further this knowledge. We examine the effects of the 1976 UI disentitlement of the elderly on their labor force behavior and find evidence of significant adverse selection effects. Interactions with the public pension system suggest that poverty among the elderly could be best addressed through changes in programs other than UI.

Reviews the book "The Game of Budget Control," by G.H. Hofstede.

Over the last 20 years the wage-education relationships in the United States and Germany have evolved very differently, while the education compositions of employment have evolved in a parallel fashion. In this paper, we show how these patterns shed light on the nature of recent technological change and highlight the importance of taking into account movements in the ratio of human capital to physical capital when examining changes in the returns to skill. Our analysis indicates that the United States could have prevented the increase in wage inequality observed in the 1980's by a faster accumulation of physical capital.