ARE “RISKY ASSETS” SUBSTITUTES FOR “MONETARY ASSETS”?

The paper uses an asymptotically ideal model to estimate substitution elasticities between financial assets held by the U.K. personal sector. An important innovation is to extend the range of assets to include "risky" assets as well as capital certain "monetary" assets. The most significant result is the evidence of substitution between "risky" assets and "cash" assets. Also, as risk aversion increases substitution between "risky" assets and "cash" assets generally falls. ( JEL E41)     

A New Era in Australian Multiculturalism? From Working‐Class “Ethnics” To a “Multicultural Middle‐Class”

This article analyses the changing socio‐economic profile of the “multicultural” section of the Australian population, in the past officially referred to as people of “non‐English‐speaking background” (NESB). After importing low‐skilled NESB labor to service the manufacturing boom of the post‐war decades, at the end of the 1970s, following economic restructuring, the Australian immigration program was refocused on skilled intake which resulted in immigrants increasingly becoming a middle‐class demographic. Over the past three decades, a “multicultural middle class” (MMC) has been created from two sources: the intake of highly skilled NESB immigrants and upwardly mobile second and third migrant generations. The article documents this demographic change using census and immigration data, and discusses what it may mean for the future of Australian multiculturalism, which, according to many analysts, is in crisis and requires re‐articulation.     

Are “Equals” Happier Than “Less Equals”? A Couple Analysis of Similarity and Well‐being

Using Netherlands Kinship Panel Study dyadic couple data (n = 3,117), the authors investigated associations between partner dissimilarity in the socioeconomic and companionate domains and couples' well‐being. They distinguished between 2 well‐being indicators—life satisfaction and relationship satisfaction—assuming both indicators to be differentially related to the 2 life domains. They investigated whether Becker's (1973) hypothesis of the “efficiency” gains of household specialization has a sociological pendant in a link between specialization and well‐being gains and found that greater socioeconomic dissimilarity was associated with lower life satisfaction for both partners. Although the authors expected dissimilarity in the companionate domain to be associated with lower relationship satisfaction, such an association was found only for family traditionalism: Partners less similar in this respect were less satisfied with their relationship. As assumed, life satisfaction was more strongly associated with dissimilarity in the socioeconomic domain, whereas relationship satisfaction was most affected by the companionate domain.     

The “New” World of Prosumption: Evolution, “Return of the Same,” or Revolution?

While strong arguments can be made that prosumption today can be seen as a primal phenomenon and an evolutionary process, the strongest argument is that it involves a revolutionary set of developments producing a dramatically new world of prosumption. While those developments can be seen in both the material and digital worlds (although they augment one another), they are clearest in the digital world, especially the Internet. Among the forces that are creating this new world of consumption are new means of prosumption (e.g., IKEA, massive online open courses, automated teller machines) which are made possible by a variety of new technologies (the computer, the Internet). However, overarching these and other changes is the emergence of a new form of capitalism, “prosumer capitalism.” In addition to exploiting often low‐paid commodified workers, prosumer capitalism increasingly prioritizes the exploitation of largely uncommodified prosumers who are generally unpaid. Prosumers offer the capitalist many other advantages (e.g., no long‐term obligations such as high‐cost benefit programs). There are few, if any, obligations to prosumers with the result that they fit well with today's reigning neoliberal philosophy. The new world of prosumption could have been a more positive development had it not been usurped by capitalist interests.     

“What Colour Is Your English?”*

This paper raises questions about ways in which the “imagined community” is discursively patrolled through accents. Drawing on preliminary research with African immigrant women, we argue that “Canadian English” constitutes a border allowing only partial and provisional crossing for those with an “African English” accent. The accent border is material and figurative, affecting access to material benefits such as jobs or housing, as well as shaping perceptions of who belongs in Canada. Thus, accents form a site through which racialized power relations are negotiated and “Others” are reproduced materially and figuratively in Canada.

Citing Literature

Volume 40 , Issue 5 December 2003

Pages 565-573     

What's in a Name? Causes and Consequences of Labelling Minorities as “National” or “Migrant”: Roma in Italy and Spain

This article analyses how Roma are represented in official policy narratives in Italy and Spain by comparing the four cycles of the Framework Convention for the Protection of National Minorities in the two countries. By tracing the representations that the Italian and Spanish governments hold (and make) about the Roma, I sketch out the different categories that EU‐ropean countries recur to as organizing principles to “other” underprivileged minorities. Based on the tailored‐approaches in which both Italy and Spain engage in framing Roma as either a “national” minority or not, I suggest that constructing or “producing” a minority in our imagined communities as characterized by national, cultural, social or migrant characteristics relies more on political expediency than on objective analytical categories.     

“Shell as Hard as Steel” (Or, “Iron Cage”): What Exactly Did That Imagery Mean for Weber?

Max Weber did not invent the image of the iron cage; it was Talcott Parsons who created that image in preparing the first translation of The Protestant Ethic and the Spirit of Capitalism into English to be published. But that has not prevented it from catching on and even acquiring the status of a popular symbol of Weber's entire view of modern life. Despite its popularity, however, the image does not have a commonly accepted meaning. In part this is because of the creative uses to which it has been put by other scholars, but it is also a result of the fact that Weber himself used the German terms that were the source of Parsons’ translation in a variety of different ways over the course of his scholarly career. The purpose of this paper is to examine those uses to determine whether the meanings they convey add up to something coherent, and if so, what exactly that meaning was.     

Does Circular Migration Lead to “Guest Worker” Outcomes?

At first at the level of the European Commission, and increasingly also in the European Union’s member states, it is being recognized that past labour migration management tools have more or less serious drawbacks in that they produce undesired outcomes and do not sufficiently attain the objectives for which they were designed. The welfare states of north‐western Europe are discovering that their desire of the past three decades to restrict labour immigration as much as possible is no longer “in sync” with changing labour market demands, which are growing both for the highly skilled and the unskilled. In order to satisfy the demand for unskilled labour, schemes are being proposed that would allow for circular migration. The European Commission is a forceful promoter of these schemes. Member states such as the Netherlands, which we take as a case in point, are also considering modes by which to allow temporary unskilled labour migration, but seem intent on employing regulatory tools that are not very different from those used in the “guest worker” era, which brought about large‐scale settlement. Up to the present time, the resulting ethnic minority groups are the subject of large integration efforts on the part of the receiving states. This begs the question of the extent to which “circular migration” would be different from “guest worker” schemes, in its management and its outcomes.     

Creating “Community”? Preparing for Bushfire in Rural Victoria

The term “community” has a long and contested lineage in social analysis and debate. This lineage, however, is not generally recognized in policy and public debates on community and bushfire in Australia. “Community” is thought to be central to bushfire preparedness in Australia, especially in rural areas, but what “community” actually means in this context is vague at best. There is an ever‐present tension between the use of “community” as a reference to locality, a “sense of community” as experienced by residents, and the use of “community” as a rhetorical tool by governments and state agencies. We argue that a rigorous analysis of the concept of “community” is critical to an understanding of the processes involved in preparing for the challenges associated with disaster, in this case bushfires. These broader issues are supported by research (a series of surveys, interviews, and focus groups) carried out with residents living in (predominantly rural) bushfire‐prone areas in the state of Victoria, Australia. Ultimately, we assert that social participation and social networks are likely to be the crucial aspects of community that play a central role in effective bushfire preparedness.     

RIGHT‐WING EXTREMISM IN CONTEMPORARY FRANCE: A “Silent Counterrevolution”?

Postmaterialist theory (PMT) challenges Lipset and Rokkan's freezing hypothesis by arguing that conflict over noneconomic values is transforming the political sociology of advanced industrial societies. Hardly studied is PMT's claim that support for the contemporary far Right stems from a reaction against the social and moral libertarianism of postwar generations. An analysis of cross-time data on the class, generational, and ideological profiles of voting for a French far Right party (the Front national) provides weak support for PMT. The discussion focuses on class and religious cleavages in postwar France and the discrepancy between voter attitudes and party platforms.     

“What's the Matter With Kansas?” A Sociological Answer

Thomas Frank's book poses a question: Why do working people in Kansas vote for Republican candidates when supporting them is antithetical to their economic interests? This article analyzes the statistical evidence for such alleged deviant voting and finds support for his thesis that the working class does vote Republican. Also supported is his principal causal suggestion for this hypothesized “backlash,” the decline in average county population. But both variables lack a supporting theory. A “structural ecological” explanation for both facts is introduced that claims that the fear that whites experience as the white population shrinks causes the backlash reaction and the Republican vote that Frank describes. Statistical tests support the alternative explanation and illustrate the difference between Frank's ethnography‐based arguments and the approach that most sociologists use.     

TO “VAPE” OR SMOKE? EXPERIMENTAL EVIDENCE ON ADULT SMOKERS

A growing share of the U.S. population uses e‐cigarettes but the optimal regulation of these controversial products remains an open question. We conduct a discrete choice experiment to investigate how adult tobacco cigarette smokers' demand for e‐cigarettes and tobacco cigarettes varies by four attributes: (1) whether e‐cigarettes are considered healthier than tobacco cigarettes, (2) the effectiveness of e‐cigarettes as a cessation device, (3) bans on use in public places, and (4) price. We find that adult smokers' demand for e‐cigarettes is motivated more by health concerns than by the desire to avoid smoking bans or higher prices. (JEL C35, I12, I18)     

“Tractorettes” or Partners? Farmers' Views on Women in Kansas Farming Households

In the United States, for various reasons, fewer farm families rely solely on their farming operations for their livelihoods. As the structure of agriculture changes and farm families adjust their livelihood strategies, do the discourses around gender relations in households also change? This article analyzes the portrayal of women's roles in farming households by drawing on interviews with Kansas field crop farmers, primarily regarding their land‐use decisions, but also inquiring about their farms and communities. The article addresses the following question: How do farmers' discourses compare to Brandth's (2002a) categorizations of three dominant discourses in the literature on gender in European family farming—the discourse of the family farm, the discourse of masculinization, and the discourse of detraditionalization and diversity? While Brandth finds the discourse of the family farm prevalent in the literature, overall, the discourse apparent from 30 farmer interviews is more characteristic of detraditionalization and diversity. Although men are primarily the principal operators in farming, overall, women were not portrayed simply as helpers. Rather, their roles are depicted as diverse and important to farm operations.     

Beyond the “Usual Suspects”? Reimagining Democracy With Participatory Budgeting in Chicago

This article examines whether democratic innovations in the United States attract citizens who are typically underrepresented within existing political institutions. We focus on participatory budgeting, an intervention where residents decide how to allocate a particular pot of public money. Taking “PB Chicago” as our case study, we use survey and interview data to examine whether organizers realized their stated goal of involving residents other than the “usual suspects.” We find that residents who voted in PB Chicago were more often white, college educated, and from higher‐income households relative to both the local population and politically active residents in Chicago. While these residents were not necessarily the most active across other stages of the PB Chicago process, we find little evidence that lower socioeconomic status and minority residents were accessing the civic learning and empowerment gains associated with participatory forms of democracy. Outreach made the process more inclusive but was insufficient to overcome several important structural constraints. Of particular note, the needs and interests of less privileged residents were not met by the narrow capital works focus of PB Chicago. We suggest that when implemented under such conditions, participatory budgeting risks deepening existing political and social inequalities.     

Could “Acculturation” Effects Be Explained by Latent Health Disadvantages Among Mexican Immigrants?

This paper tests portions of a new theory of immigrant health by focusing exclusively on latent biomarkers of future health risks. Using data from the National Health and Nutrition Examination Survey III, 1988–1994 – we uncover the typically observed immigrant health advantage among recent immigrants that diminishes among long‐term immigrants. In addition, we observe worse health among U.S.‐born Mexican Americans relative to non‐Hispanic Whites. Finally, although our theory suggests that recent immigrants may have latent health risks due to disadvantaged childhood experiences, we do not find evidence in support of this theory.     

“Whom should We Help First?” Transnational Helping Practices in Ecuadorian Migration

Collective remittances, in the framework of migrant transnationalism, have been recently dealt with in some empirical research, especially on the Mexican‐US migration system. Far less studied is their significance in different migration flows, including their real contribution – as desirable as this may be – to local development. The article is concerned with a bottom up analysis of a migration flow where collective remittances – as the only way for emigrants to keep helping their local communities, well beyond their own families – are still in their infancy. It explores, through a translocal ethnography of Ecuadorian migration to Italy, the underlying attitudes, personal meanings and expectations – as well as the structural opportunities and constraints – accounting for helping practices at a distance. Charitable transfers to communities of origin are reconstructed as to their motivations, their main aims and beneficiaries, their embeddedness in mutual networks among immigrant co‐nationals. How is it that some of them decide to help “people in need” in their own communities overseas, or in their home towns, or in both? Is this an expression of communal belonging, or a matter of social status maintenance, or something else? Further reflections on the dilemmas inherent in transnational helping practices are then developed. Concluding remarks emphasize the relatively poor scope for such initiatives, in a recent and first‐generation flow over a long distance. While co‐ethnic solidarity overseas is a precondition for transnational helping practices, the latter are also affected by the developments of public policies in the countries of origin and of destination. Overall, an effective integration overseas is necessary for collective remittances to have some currency and impact.