The Influence of Parental Financial Socialization on Youth’s Financial Behavior: Evidence from Ghana

How youth manage their money may influence their transitions to adulthood. This may be particularly true for youth in sub-Saharan Africa (SSA), where many youth and young adults lack access to economic opportunities. Parental financial socialization is associated with youth financial knowledge, attitudes, and behavior in research studies conducted mostly in the US, yet little is known about the financial lives of youth living in SSA. Propensity score analysis and robust standard errors with multiple regression were used to examine the relationship between parental financial socialization and youth financial behaviors among a sample of 3,623 youth ages 12–19 and a parent or other adult guardian living in eight out of 10 regions of Ghana. Findings indicated that both parent- and youth-perceived parental financial socialization was a strong and consistent predictor of youth financial behaviors, as was receipt of earned income. Practitioners interested in empowering youth through financial education and inclusion programs might consider how to involve parents and other family members in programs and capitalize on opportunities for youth to have some earned income while they learn how to manage money.     

South Africa’s settler-colonial present: Khoisan revivalism and the question of indigeneity

ABSTRACT

South Africa’s settler-colonial past is widely acknowledged. And yet, commonplace understandings of the post-apartheid era and a focus on the end of segregation make an appraisal of settler colonialism in present-day South Africa difficult and controversial. Nonetheless, we argue that an understanding of South Africa’s “settler-colonial present” is urgent and needed. We suggest that settler colonialism as a specific mode of domination survives apartheid. In particular, we focus on the recent revival and political mobilisation of indigenous Khoisan identity and cultural heritage to show that settler colonialism and apartheid should be understood as distinct yet overlapping modes of domination. A settler-colonial mode of governance aiming at “the elimination of the native” in two interrelated domains, dispossession and transfer, characterises past and present South Africa. An understanding of this continuity offers opportunities for an original interpretation of both Khoisan revivalism and contemporary South African society.     

Family Structure and Children’s Education Outcome: Evidence from Uruguay

As the developed world has experienced a shift away from the traditional two-biological parent family, scholars have sought to understand how children are faring in non-traditional homes. Debate has arisen over assertions that children from non-traditional families do less well in school. Concerns about selection issues as well as a paucity of cross-cultural evidence, have led some scholars to question the influence of family structure on educational attainment. Using data from the 2006 Uruguayan household survey, we evaluated the relationship of family structure with children’s education using two different methods to deal with selection problems, an instrumental variables approach and propensity score matching. Both approaches yield evidence that growing up in non-traditional family structures seems to be negative related with the schooling of Uruguayan boys, with more muted results for girls. Interestingly, Uruguay is a developing country with two peculiarities, that is, a culture that experienced fairly rapid modernization in terms of institutions—including family transition—especially compared with other South American nations, and meanwhile an intriguingly high level of school drop-out, unusually high for Uruguay’s overall level of development.     

Effectiveness of Financial Education on Financial Management Behavior and Account Usage: Evidence from a ‘Second Chance’ Program

The Get Checking™ program is a “second chance” program that aims to provide financial education to consumers who were reported to ChexSystems by a previous financial institution for account abuse or mismanagement. Using data collected from Indiana participants of the program, the first goal of this study is to investigate the success of the program in impacting financial management behavior of the participants. The second goal is to investigate the change of participants’ actual behavior in terms of account usage and asset-building after the completion of the program. The findings show that the program was successful in positively influencing the financial management behavior of Non-whites in terms of recording transactions and communicating with financial institutions. Also, financial management skills emphasized in the program, especially communicating with financial institutions, have a significant positive effect on the actual behavior of the participants in terms of obtaining a loan. Among the heterogeneous group of the unbanked, findings shed light on the demographic groups, such as Non-whites and young adults that could benefit the most from this type of financial management education.

Urbanization policy: Lessons from South America for South Africa?

South African cities are currently moving through a critical period in the history of their development. Rates of growth over the last few years have been unprecedented and many of the factors which shape urban development (legislation, institutional structures, government spending patterns and so on) are currently undergoing significant transformation. Factors such as these have given rise to a concern that South African cities may face collapse if emerging problems are not addressed, and there has been intensified interest in the arena of urban policy. A significant feature of many of these current policy initiatives is that they look to other parts of the world (and frequently to South American countries) for “lessons” in solving the problems of urban settlement. This paper examines the feasibility of adopting policy models from elsewhere io address local development problems, and focuses specifically on the question of a national urban settlement strategy for South Africa. The paper concludes that a high degree of local specificity exists, and the simplistic adoption of foreign policy models can have a negative impact on attempts here to meet growing urban needs.     

The people’s choice: options for land ownership in South Africa’s land reform

This paper analyses land tenure reform in South Africa from the perspective of land redistribution and restitution projects. It takes the absence of a clearly defined tenure reform in the country as its point of departure to argue that land redistribution and restitution projects serve as a vehicle through which forms of land tenure in post-apartheid South Africa are expressed. There is dissonance between the official position on giving land to large groups under the legal entity of the CPA and the practice and preferences at project sites. The paper suggests that a progressive land tenure reform policy requires a bottom-up approach that takes into consideration various ways in which beneficiaries of land reform could own and use land.     

The Relationship Between Wife’s Education and Husband’s Earnings: Evidence from 1960 to 2000

Previous research finds a positive relationship between a wife’s education and her husband’s earnings using data from the 1960s. Earlier theories suggest that benefits accrue from informational sharing between partners in a marriage. This paper tests the hypothesis that a wife’s education is positively associated with her husband’s earnings, using data from the 1960, 1970, 1980, 1990, and 2000 Censuses. Between 1960 and 2000, the educational attainment and labor-force participation of married women has increased dramatically. As women have embarked upon their own careers, has their education continued to be positively associated with their husbands’ earnings? Yes. The coefficient of the wife’s education remains positive and significant for all the years under study. The size of the coefficient decreases, however, from 1960 to 2000.     

‘Entering the territory of incitement’: oppositionality and Africa South

Africa South was an anti‐apartheid journal edited by Ronald Segal which was published in South Africa in the late 1950s and early 1960s. This article explores the historical and political significance of Africa South and considers its implications for an understanding of ‘oppositionality’ in the post‐apartheid present. The central challenge which Africa South offered to its own context was its transnational perspective. Africa South was an important meeting place in the global routes of the developing pan‐African movement. It is also noteworthy for its effort to bring disparate areas of history and experience – both within the African continent and across the African diaspora – into revealing alignment with one another. The principle of conjuncture, I argue, initiated an important analytical move: the opportunity for illuminating comparison, the re‐conceptualisation of an often fragmented political and social landscape and an unusual glimpse of the whole. In tension with this totalising vision is the journal’s generic eclecticism, its flexible political identity and its collaborative construction. In both its unity and its fragmentation, Africa South offers an important point of departure for activist journalism and oppositional intellectual endeavours in the present.     

Fathers’ Financial Support of Children in a Low Income Community in South Africa

We used data from the Birth to Twenty Cohort study to understand children’s receipt of financial support from their fathers in a low income, Black community in urban South Africa. Specifically, we (1) described fathers’ financial support over the life course of children; (2) estimated survival probabilities of receiving support for all children and not receiving support for children who experienced a parental union dissolution; and (3) identified factors that explained variation in the receipt of support after a union dissolution. Results suggest that most children received full or partial support throughout the life course. Furthermore, a high proportion of children received support after a union dissolution with much of the variation driven by pre-dissolution support, father’s education and the presence of extended kin.     

Separating psychological momentum from strategic momentum: Evidence from men’s professional tennis

In dynamic contests, strategic momentum and psychological momentum potentially coexist, which makes it difficult to distinguish between the two. We employ the setting of professional tennis, which allows us to separate psychological from strategic momentum. In tennis, converting a break point potentially triggers both strategic momentum—due to a change in the relative position of the players—and psychological momentum—due to a change in the perception of the players. To distinguish between these two momentum types, we employ exogenously given interruptions. Interruptions are predicted to affect psychological momentum negatively, while leaving strategic momentum unaffected. Using 4930 game-by-game observations from 141 Grand Slam men’s single matches, we show that the breaking players’ probability of winning a game increases after converting a break point, which provides evidence for momentum. Moreover, we show that this momentum effect is negatively affected by an interruption. Thus, psychological momentum seems to be the main trigger leading to a performance increase after a converted break point.     

Policy Shift: South Africa’s Old Age Pensions’ Influence on Perceived Quality of Life

Noncontributory pensions serve as an important resource for poverty-affected households in low- and middle-income countries. This study explores how a recent policy change to pension receipt influences perceived quality of life among older South Africans. We use survey data from the longitudinal World Health Organization Study on global AGEing and adult health and from the Agincourt Health and Socio-Demographic Surveillance System census. We find pension receipt to have a positive impact on both men’s and women’s perceived quality of life. These findings hold when controlling for prior well-being status. We find a significant moderating factor of physical limitations on the relationship between pension receipt and quality of life. Individuals reporting the highest levels of physical limitation report a larger increase in their quality of life upon pension receipt than those with less severe physical limitations. We conclude that despite the well-documented household income-pooling in this population, pension receipt still leads to a significant positive impact on pensioners’ perceived quality of life.     

The Public Sector and income distribution in South Africa during the period 1970–82

This study considers the impact of fiscal and monetary policy on the distribution of income in South Africa. It analyses expenditure using two approaches: (1) the general approach which considers the extent of programmes having a relatively high distributive contact in favour of the poor and (2) the direct money‐flow approach which assumes that expenditure benefits those who receive it as their income. Although neither approach is perfect, it can be concluded that the general composition of expenditure has favoured the poor. It is also argued that the tax system is partly progressive and partly regressive and that it has become more regressive, although remaining in balance progressive. Monetary policy during the 1970s, however, has had definite regressive income distribution effects.     

Jonny Steinberg’s The Number and prison life writing in post‐apartheid South Africa

Under apartheid, the prison autobiography enjoyed a privileged status, with the prison playing the role of the apartheid state in miniature: the penitentiary was one of the most coercive material manifestations of a racist and brutal regime. With the demise of apartheid, however, the prison autobiography has become a marginalised and depoliticised genre. The loss of status of the prison autobiography is paralleled by the endemic neglect of the penitentiary system, despite its important role in South African history. A close reading of the tropes and rhetoric of apartheid‐era prison writing can provide some explanation for the abrupt marginalisation of the penitentiary as a socially important space after 1994: in particular, the line that is drawn between criminal convicts and political prisoners in apartheid‐era prison autobiographies anticipates the neglect of the penitentiary under democracy. One exceptional post‐apartheid reflection on life in prison, Jonny Steinberg’s The Number, stands out both for asking subtle questions about the ideological boundary between the political and the criminal prisoner and for the way it perpetuates the tradition, forged under apartheid, of using the prison as a site for radical social analysis and criticism.     

Parental Health Outcomes of Children’s Migration: Experimental Evidence from Ethiopia

This study uses experimental data from the United States Diversity-Visa (DV) lottery to explore the impact of migration of children on the sending parents’ health, helping to overcome the selection bias issue that plagues similar studies. Based on the inverted U-shaped relationship between BMI and longevity, the study finds that the health prospects of senders with BMIs under 25 increase weakly with migration, decreasing for those in the overweight category. In families with more educated fathers, migration improves the health status of the senders in all weight groups. Overall, it affects the emotional health of the senders adversely, but not in families which gain access to improved sanitation facilities due to migration. The most plausible explanations for this finding are that migration inflicts emotional costs on the senders due to separation from a family member, and that it potentially changes the senders’ perception of what constitutes good health.     

Women’s employment and the decline of home cooking: Evidence from France, 1985–2010

We here investigate the extent to which labour-market changes explain the decline in the time spent home cooking by married women in France between 1985 and 2010. Using time use data and Oaxaca-Blinder decompositions, we find that rising women’s employment and observed wages together account for about 60% of the fall in the time married women spent cooking. We then use a semi-parametric matching technique to construct an implicit wage rate, which better reflects the change in labour-market incentives that individuals face. The rise in women’s implicit wages explains no more than 20% of the decline in their cooking time, while the wage of their partner has no effect. Changing labour-market incentives are thus far from being the main driver of the decline in home-cooking. We also find evidence that home cooking continues to be structured by the gendered social norm of the “proper family meal”.     

Young Adults’ Life Outcomes and Well-Being: Perceived Financial Socialization from Parents,the Romantic Partner,and Young Adults’ Own Financial Behaviors

We examined how perceived financial socialization—from parents, the romantic partner, and young adults’ own behavior—was associated with young adults’ life outcomes and well-being (i.e., physical and mental health, finances, romantic relationship). Using data (N?=?504) from young adults specific to their finances, results from hierarchical regression analyses showed that young adults’ own financial behaviors were the most patterned, followed by financial socialization from the romantic partner, and then from financial socialization from parents (only objective financial knowledge). We discuss how young adults’ financial behavior, financial socialization from the romantic partner and, to a lesser extent, parental socialization are associated with young adults’ life domains, underscoring the developmental salience of increased financial capability and relationship formation and decreased dependence on parents during the transition to adulthood.     

‘Africanisation’, African identities and emancipation in contemporary South Africa

This article problematises the concept of ‘Africanisation’ as a response to colonial conquest and apartheid rule, bearing both political and knowledge consequences. It aims to rescue ‘Africanisation’ from essentialist notions, but at the same time to show how paradigms cannot be simply applied where they derive from quite different experiences. The article introduces modes of differentiating concepts that are dynamic, as opposed to static, singular and unmediated meanings that bedevil any emancipatory project. The tendency to see a moment in the life of a concept as having a settled and finalised meaning renders the qualities of democracy, and other similar liberating concepts, as settled though their meaning is never finally realised. While colonialism marginalised and devalued local knowledges, the national liberation project sought unity/homogenisation, which tended to deny distinct identities, as is largely the case today. There remains hostility to pluralism at a social and political level and a failure to recognise autonomous identities unconnected to the state or the ruling organisation, the African National Congress (ANC). The tendency towards static notions of custom and paradigms that do not derive from the experiences of African women, in particular, has tended to erase the voices of women or prejudice the emancipation of women from patriarchal oppression. Africanisation, the article proposes, must be located through an ongoing dialogue between dynamic local knowledges and a range of other explanatory tools.     

Voluntas Symposium: Comments on Salamon and Sokolowski’s Re-conceptualization of the Third Sector

With their “Beyond Nonprofits: Re-conceptualizing the Third Sector”, Salamon and Sokolowski have made an important contribution to the ongoing debate on how to define the third sector. This Voluntas symposium brings together the comments of five leading scholars both supportive and critical of the new definition. The comments are based on a debate held at the conference of the International Society for Third Sector Research, in Stockholm in 2016.