The impact of globalization and financial development on India’s income inequality

This paper empirically examines the combined effects of globalization and financial development on income inequality in a unified framework for an emerging economy. Using annual data for the Indian economy over the period 1980–2014, we show that the perceived benefits of globalization and financial development have not trickled down; rather, has aggravated income inequality. Our results also indicate that while inflation aggravates income inequality, education seems to alleviate the differential effect. Proactive measures in providing access to financial services, creating equitable employment opportunities, and improving the quality of education are required to offset the negative impacts of globalization and financial development on income disparity.     

A court file analysis of child protection cases: What do children say?

Children's participation in legal proceedings affecting them personally has been gaining importance. So far, a primary research concern has been how children experience their participation in court proceedings. However, little is known about the child's voice itself: Are children able to clearly express their wishes, and if so, what do they say in child protection cases? In this study, we extracted information about children's statements from court file data of 220 child protection cases in Germany. We found 182 children were asked about their wishes. The majority of the statements found came either from reports of the guardians ad litem or from judicial records of the child hearings. Using content analysis, three main aspects of the statements were extracted: wishes concerning main place of residence, wishes about whom to have or not contact with, and children granting decision‐making authority to someone else. Children's main focus was on their parents, but others (e.g., relatives and foster care providers) were also mentioned. Intercoder agreement was substantial. Making sure that child hearings are as informative as possible is in the child's best interest. Therefore, the categories developed herein might help professionals to ask questions more precisely relevant to the child.     

The impact of population aging in rich countries: What’s the future?

The paper examines the impact of population ageing on macroeconomic outcomes, inflation and labour force participation employing a sample of 23 OECD developed countries from 1960 to 2014 and accounting for the institutional context. Controlling for collective bargaining coordination the results show that a larger elderly share of population would lead to lower real GDP growth, albeit mostly in countries with low population growth rates. Ageing puts substantial downward pressure on inflation due to subdued aggregate demand. Also, results demonstrate that the ageing of the workforce tends to reduce labour supply. To mitigate any adverse effects of population ageing, a combination of labour market policies, pension reforms, greater investment in human capital and technological innovation should be prioritized in policy making.     

The development of emotion regulation in adolescence: What do we know and where to go next?

Emotion regulation is critical for adolescent functioning. Theories on the subject have evolved rapidly in recent years and have led to a more contextualized and dynamic conceptualization of emotion regulation processes. In this paper, based on the distinction between emotion regulation strategies and abilities, we propose future directions for research on emotion regulation development in adolescence. We first present evidence that emotional, cognitive, and social changes that occur in adolescence are central in emotion regulation development. We then review empirical findings on emotion regulation development by tying them to their conceptual foundations. We discuss their limitations and argue that building better conceptual clarity is essential to study emotion regulation. Because current knowledge on recent concepts that emerged in adult-based models remains limited and contested in adolescence, we end this article by discussing new research perspectives to provide a better understanding of the topic. We stress the need for researchers in the field to adopt a more contextualized and person-oriented approach, to combine different time scales and methods, and examine the predictors of emotion regulation as well as its outcomes.     

The impact of avian influenza on the Korean egg market: Who benefited?

The historical decomposition and directed acyclic graph methods are employed to estimate the effect of avian influenza in Korea on egg price transmission between the farm, wholesale, and retail levels. Our findings suggest that farm and retail egg prices are connected by the wholesale price. We also find that the farm-wholesale and the wholesale-retail margins increase during the avian influenza period. Our results imply that the retailer and wholesaler use their market power to increase their price during the food safety crisis. Therefore, the Korean government should control market power by allowing more emergency egg imports.     

Why do the poor oppose income redistribution? An empirical test on the impacts of nationalism and fatalism

We study the poor’s psychological motivations to oppose income redistribution, relying on social identity and system justification theories. We find that national identification reduces differences between the poor and the rich in terms of attitudes toward income redistribution and self-esteem, by discouraging the poor from supporting redistribution but encouraging them to acquire greater self-esteem. Next, fatalism reduces and increases differences between the poor and the rich in terms of attitudes toward income redistribution and self-esteem, respectively. Yet, a closer look reveals that the responding patterns of the poor and the rich to fatalism are consistent only with the mechanism behind the prediction that concerns self-esteem. That is, fatalism increases support for income redistribution in both groups, whereas it reduces self-esteem only among the poor.     

The impact of place? A reassessment of the importance of the South in affecting beliefs about racial inequality

Research shows that individuals living in the southern part of the United States express more negative racial attitudes than those living outside the South. Using data from The American National Election Study (NES), the purpose of this paper is to assess whether key factors often associated with the Southern attitude distinction are indeed more potent in the South than elsewhere. Drawing data from the 1980s, 1990s, and 2000s, we further assess whether the impact of the South has increased or decreased over time. Results indicate that the impact of the South is negligible at best. Findings do show that place does matter for conservatives. However, in this case, non-South location matters more than the South. Relative to their liberal counterparts, conservatives in the non-South espouse more individualistic beliefs than do their Southern counterparts. These findings are discussed within the dominant theoretical framework in this area.     

Does sorry work? The impact of apology laws on medical malpractice

Physicians’ apologies for adverse medical events are acknowledged as a factor in patients’ decisions to litigate. Apology laws which render physicians’ apologies inadmissible in court are written to encourage patient-physician communication and to overcome the physicians’ disinclination to apologize because apologies could invite lawsuits. We present a novel model of apologies and malpractice in order to examine whether state-level apology laws have an impact on malpractice lawsuits and settlements. Using a difference-in-differences estimation, we find that apology laws could expedite the resolution process. We also find that apology laws result in the greatest reduction in average payment size and settlement time in cases involving severe patient outcomes.     

The impact of government expenditure on economic growth: How sensitive to the level of development?

Previous studies generally find mixed empirical evidence on the relationship between government spending and economic growth. In this paper, we re-examine the causal relationship between government expenditure and economic growth by conducting the panel Granger causality test recently developed by (Hurlin, 2004) and (Hurlin, 2005) and by utilizing a richer panel data set which includes 182 countries that cover the period from 1950 to 2004. Our empirical results strongly support both Wagner's law and the hypothesis that government spending is helpful to economic growth regardless of how we measure the government size and economic growth. When the countries are disaggregated by income levels and the degree of corruption, our results also confirm the bi-directional causality between government activities and economic growth for the different subsamples of countries, with the exception of the low-income countries. It is suggested that the distinct feature of the low-income countries is likely owing to their inefficient governments and inferior institutions.     

Adolescents and their networks of social support: real connections in real lives?

Social support is widely seen as an integral component for coping with the stresses of everyday life. While there are various sources and types of support potentially available to young people, it is perhaps less obvious the extent to which young people differentially experience these sources and types. Anecdotal evidence suggests that context, culture and other factors unique to local life shape the many dimensions of social support for youth. In this paper, we seek to examine this research need in more detail by focusing on a broad range of factors shaping youth social support and youth well‐being. Drawing on mixed methods research, we examine social support evidence for adolescents in Florida, USA, and Offaly, Ireland. Through this research, we investigate how the connection between social support and well‐being bears out in these two different socio‐cultural contexts; second, we seek to understand whether types and sources of social support differ among youth in both countries; and what relationship exists between well‐being and types and sources of support. Comparing similar measures of social support across two distinct societal contexts allows us to determine similarities and differences, while also providing suggestions for application that can shape future programmes and policy.     

The impact of informality on inclusive growth in Sub-Saharan Africa: Does financial inclusion matter?

Rising poverty levels in Sub-Saharan Africa requires a better understanding of inclusive growth determinants to develop effective policy responses. Using panel data from 44 Sub-Saharan African countries for the period 1990–2018, we compute measures of inclusive growth based on gender and the rural–urban divide. We account for endogeneity, cross-sectional dependence, and heteroscedasticity, and estimate an inclusive growth model using the instrumental variable generalized method of moments (IV-GMM) estimator. The empirical evidence indicates that the impact of informality on inclusive growth depends on the measure of informality and inclusiveness. Our results show that financial inclusion exhibits an inverted-U-shaped relationship with inclusive growth. Also, we find that the moderating role of financial inclusion in the informality–inclusive growth nexus is mixed. Our results are robust to alternative model specifications and highlight the importance of financial inclusion and informality in influencing inclusive growth in Sub-Saharan Africa.     

What do social workers and children do when they are together? A typology of direct work

There is renewed interest in the place of direct work and relationship‐based practice in social work. This paper explores the day‐to‐day direct work that happens where children and young people are ‘looked after’ at home, from the perspectives of children, social workers and those supervising practice. It is based on interviews with eight children and 25 professionals about their experiences. In this paper, I highlight that despite barriers, direct work, which is characterized as meaningful by children and professionals, happens and that the relationships formed between children and social workers are an important precursor to and an outcome of direct work. The research was undertaken in Scotland, and although the legislation, policy and guidance differ from other jurisdictions, the messages about direct work are relevant for practice in other countries.     

The Healthcare Systems of the USA and Canada: Forever on Divergent Paths?

Over all OECD healthcare systems, we identify increasing similarities and common trends, especially with regard to the role of the state. Yet two countries, the USA and Canada, have 'parted at the crossroads' since the 1960s and therefore are quite frequently cited as examples for the opposite trend, i.e. for divergence. According to our position, it is far from evident that this trend has still been dominant in the past 15 years. In our contribution, we show that the USA and Canada have become more similar regarding the role of the state in financing, service provision and the regulation of healthcare systems. Furthermore, the article investigates potential explanations. We find that a most influential explanatory factor is the healthcare system itself, its deficiencies and functional requirements as reflected in the specific system type. As the system types of the USA and Canada vary, so too do their adaptive responses to problem pressure. By systematically acquiring non-system-specific elements, i.e. characteristics which were originally less developed or completely absent, the systems grow more similar and therefore converge.     

The impact of India’s food security policy on domestic and international rice market

Food security policy making in India is at crossroads. India has emerged as a leading rice exporter. The Government of India has introduced the National Food Security Act which requires 33.6 million tons of rice per year for its public food distribution system. In this study, we modeled India’s rice market and analyzed policy implications of the long-term impact of India’s food security act on domestic and international rice market. We developed a structural economic demand and supply model for India’s rice market and further added subsidy equations to trace the consequence of National Food Security Act on domestic rice consumption and on the international market. We specifically focus on three different scenarios: subsidy as price effect, subsidy as inelastic income effect, and subsidy as elastic income effect under the broader framework of National Food Security Act. We found that at the end of the projection period (2024–2025), as a result of rice subsidy program, the consumption of rice increases significantly in the case of price effect while the inelastic income effect has no or less impact on production, consumption, and export of rice. Hence, the policy implication of our study is that if the objective of the National Food Security Act is to increase consumption then it needs to be implemented as price effect.     

Deficit sustainability,and monetary versus fiscal dominance: The case of Spain, 1850–2000

In this paper, we provide a test of the sustainability of the Spanish government deficit over the period 1850–2000, emphasizing the role played by monetary and fiscal dominance in order to get fiscal solvency. Since the condition of fiscal solvency was satisfied, government deficit would have been sustainable along the sample period. In addition, the whole period can be characterized as one of fiscal dominance.     

How do we capture 15 years of complex and meaningful data about young people's lives?

Abstract

This paper describes the development of a method of data collection, which captures the complexity of living situations, family dynamics and key life events of teenagers. This ‘Life History Calendar’ was adapted from earlier life history calendar methods for a multidisciplinary intergenerational study. The new calendar is able to record details of 15 years of teenage participants’ lives and can be administered to teenagers and their parents to show changes over individual lives and difference between individuals in a cohort. Referring to some preliminary data, we show that the calendar is a practical and effective method of data collection, which will be useful to researchers and practitioners working with young people and their families.     

The impact of de-globalization on China’s economic transformation: Evidence from manufacturing export

The economic transformation is an important policy practice of economic development in China. In the context of “deglobalization”, it is critically important to better understand the impacts of increasing trade costs on China’s economic transformation from the perspective of firms’ exports. In this study, we measure the trade costs of specific manufacturing sectors and provinces. We employ Heckman (1979) two-stage method and the data from China’s manufacturing firms to investigate the impacts of trade costs on heterogeneous firms’ exports. Based on these results, we further explore the impacts of trade costs on China’s economic transformation and discuss policy advisories. Our results indicate that the increase in trade costs have adverse impacts on China’s economic transformation. Specifically, increasing trade costs hinder firms’ export behaviors and export scales. However, these impacts are heterogeneous on different types of firms, which refers to the ownership reforms, manufacturing sector upgrades and coordinated regional development. In particular, increasing trade costs do not affect coordinated regional development in China, but they are not conducive to ownership reforms and manufacturing sector upgrades. Altogether, our findings provide the first evidence on the impacts of trade costs on China’s economic transformation from the perspective of firms’ exports, and also shed light on policy implications for promoting firms’ exports and economic transformation in the “deglobalization” period.     

Social protection for happiness? The impact of social pension reform on subjective well-being of the Korean elderly

Expanding the scope of the traditional indicators used to assess economic progress with measures of subjective well-being has been of growing importance in policy modeling. A recent Stiglitz-Sen-Fitoussi report argued that policy decisions and welfare evaluations should be approached from a broader perspective on well-being and take into account metrics derived from self-reports of living conditions. To this end, we evaluate the efficacy of the 2014 social pension reform in South Korea using various measures of subjective well-being. The South Korean government introduced a basic old-age pension in 2008 and doubled its monthly benefits in 2014. The reform in 2014 represents one of the largest social welfare expansions in South Korean history, with an aim to improve seniors’ quality of life. Using data from the Korean Longitudinal Study of Aging, we estimate a matched difference-in-differences model that isolates the causal effects of the benefit increase attributable to the reform. Results show that the reform was associated with an average of 4.8–5.7% increase in financial satisfaction among beneficiaries, and that this correlation was more pronounced for retirees, seniors above age 70, and those at the bottom of wealth distribution. However, there is insufficient evidence to conclude that satisfaction with health status, parent-child relationship, and overall quality of life has improved in response. Our findings are in contrast to the past evidence on objective welfare gains associated with pension expansion. Taken together this study calls for the use of self-reported well-being data in policy evaluation.     

Comment on Pommerehne et al., “concordia discors: Or: What do economists think?”

Conclusion Why do Pommerehne and associates apparently overlook the point that both their hypothesis and data contain elements which are not compatible? Their findings in fact might be interpreted as contradictory to a human capital explanation for the behavior of their sample of economists. Kuhn (1970) would propose that mainstream economics has provided a set of assumptions to place over these findings that allows a neo-classical interpretation. However, the human capital theory does not address the contradictions in the data they gathered. As Berger and Luchman (1966, pp. 62–63) would conclude, institutionalization may take place in any area of relevant conduct to provide a corresponding canopy of legitimations, stretching over a protective cover of both cognitive and normative interpretation. Once again, the institutionalization of mainstream science has been successful in suppressing alternative assumptions that could explain the data more adequately and with greater consistency.We conclude that the paper by Pommerehne and associates contains shortcomings of theorizing and method. Likewise we conclude that a theoretical formulation which takes into account the normative and therefore the cultural factors of science will provide an explanation of the opinion and behavior of economists more in keeping with their empirical findings than one based on self-interest alone.