Presidential Election Cycles and the Turn‐of‐the‐Month Effect*

Objective. In this research, the presidential election cycle hypothesis is evaluated within the context of the turn‐of‐the‐month effect found in stock returns. Methods. Returns from the daily Standard & Poor's 500 (S&P 500) index, the Dow Jones Industrial Average (DJIA) index, and the NASDAQ Composite index are grouped into turn‐of‐the month returns and non‐turn‐of‐the‐month returns. Statistical comparisons are conducted to evaluate the returns based on administration subperiod, temporal subperiod, and party affiliation. Results. The results provide evidence of higher turn‐of‐the‐month returns in the second half of presidential terms. The higher turn‐of‐the‐month returns account for most of the additional returns found in the second half of presidential terms evidenced in prior research. Conclusions. The persistent higher investment returns for stocks found in the second half of presidential terms can be linked to fiscal and administrative policies that increase household liquidity prior to elections. Incumbents attempt to influence voter choice and energize core constituencies by increasing household liquidity prior to elections through fiscal and administrative policies. These actions create higher turn‐of the‐month returns in the second half of presidential terms, which generate additional overall investment returns for the period.     

Stability and change – a 7‐ to 8‐year follow‐up study of mental health problems in Norwegian children in long‐term out‐of‐home care

The aim of the study was to explore stability and change in mental health problems in Norwegian children aged 6–12 years old (n = 70) in long‐term out‐of‐home care. The children's mental health problems were assessed shortly after the placement and 7–8 years later by the caregivers and the teachers on the Revised Rutter Scales. Information on pre‐placement and placement factors were collected from the child welfare workers. At a group level the children's mental health problems had improved significantly over time according to the teachers' reports. According to the caregivers' reports, however, the children's problems were high and stable across time. Analyses aimed at detecting individual changes revealed a great variability in development according to both informants, indicating that treating the placed children as a homogenous group could be misleading. Several pre‐placement and placement variables were associated with the change in the children's mental health problems from the time of placement to the follow‐up time according to both informants' reports. However, all the predictors were accounted for by the strong effect of the children's problem scores when entering care.     

Towards a second‐order view of child protection placement‐related decision‐making

Child protection workers are tasked with prioritizing and facilitating safe, secure and preferably, long‐term care arrangements for children and adolescents living within the child protection system. Recognizing the complexities associated with this task, this paper will propose that the application of theory – namely attachment theory and family systems theory – may aid in the conceptualization of placement decision‐making within the context of child protection practice. In particular, this paper will describe a framework entitled: Towards a second‐order view of child protection placement‐related decision‐making. This framework assumes the position that the ideals of relationship security and permanency of placement are more accessible in instances in which practitioners are able to locate themselves within temporary, stabilized but ultimately evolving systems. Specifically, the practitioner is encouraged to conceptualize where their individual selves, the broader child protection system and family system are located at any one point in time, whilst also identifying the direction in which these systems should be moving.     

Wal‐Mart and County‐Wide Poverty*

Objectives. This study seeks to identify the independent effect of Wal‐Mart stores on changes in U.S. family‐poverty rates at the county level. We draw on the contributions of a number of disciplines to enhance our understanding of the broader forces that influence poverty. Methods. A key innovation is that we estimate a two‐stage regression model, in which an instrument is created for new Wal‐Mart stores from a location equation; this reduces any potential endogeneity bias in the poverty‐change equation. In addition, we use spatial econometric methods to correct for spatial dependence bias. Results. After controlling for other factors determining changes in the poverty rate over time, we find that counties with more initial (1987) Wal‐Mart stores and counties with more additions of stores between 1987 and 1998 experienced greater increases (or smaller decreases) in family‐poverty rates during the 1990s economic boom period. Conclusions. Wal‐Mart creates both benefits and costs to communities in which the chain locates. These benefits and costs need to be weighed carefully by community decisionmakers in deciding whether to provide public subsidies to the chain.     

Re‐thinking Indigenous over‐representation in prison

It is now nearly two decades since the Royal Commission into Aboriginal Deaths in Custody recommended that a determined effort be made by all Australian Governments to reduce the level of Indigenous over‐representation in prison. The disparity between Indigenous and non‐Indigenous imprisonment rates, however, is now wider than it has ever been. This article reviews research published over the last twenty years which calls into question both the Royal Commission's analysis of the causes of Indigenous over‐representation in prison and subsequent policies adopted to reduce it. It concludes by arguing that future efforts to reduce Indigenous over‐representation in prison should be directed at dealing with the underlying causes of Indigenous involvement in crime, especially drug and alcohol use, child neglect and abuse, poor school performance and unemployment.     

Thirteen‐ and 18‐month‐old Infants Recognize When They Need Referential Information

To learn from conspecifics, infants would be greatly advantaged by knowing when to seek information from them. Although in prior work infants used a labeler's gaze direction to infer the referent of a novel label, it was unclear whether infants in these studies recognized that they needed information or were happening upon the information by simply orienting to the labeler's voice. To address this issue, we presented 13‐ and 18‐month‐olds with either one or two novel objects and provided a novel label. If infants seek referential information, they should look more to the labeler in the presence of two objects relative to one object, because the labeler's intended referent is highly ambiguous in the two‐object case. This prediction was confirmed in two studies. In contrast, infants' looking was equivalent in the presence of one vs. two objects in a baseline phase, when no labels were provided. Thus, 13‐ and 18‐month‐olds actively seek clarifying gaze information to resolve ambiguous learning situations. Word learning appears to be a rich pragmatic process as early as the end of the first year of life.     

Two‐generation preschool programme: immediate and 7‐year‐old outcomes for low‐income children and their parents

Preschool children living in low‐income families are at increased risk for poor outcomes; early intervention programmes mitigate these risks. While there is considerable evidence of the effectiveness of centre‐based programmes in other jurisdictions, there is limited research about Canadian programmes, specifically programmes that include children and parents. The purpose of this study was to evaluate a single‐site, two‐generation preschool demonstration programme for low‐income families in Canada. A single group, pre‐test (programme intake) /post‐test (programme exit) design with a 7‐year‐old follow‐up was used. Between intake and exit, significant improvements in receptive language and global development were found among the children, and significant improvements in self‐esteem, use of community resources, parenting stress and risk for child maltreatment were found among the parents. These positive improvements were sustained until the children were 7 years old. Public investment in two‐generation preschool programmes may mitigate risks for suboptimal child development and improve parental psychosocial outcomes.     

Prosodic Modification and Vocal Adjustments in Mothers' Speech During Face‐to‐face Interaction with Their Two‐ to Four‐month‐old Infants: A Double Video Study

The purpose of this study was to examine 32 mothers' sensitivity to social contingency during face‐to‐face interaction with their two‐ to four‐month‐old infants in a closed circuit TV set‐up. Prosodic qualities and vocal sounds in mother's infant‐directed (ID) speech during sequences of live interaction were compared to sequences where expressive behaviours were decoupled by presenting either the mothers (Replay 2) or the infants (Replay 1) with a replay record of the partners' former behaviour in a Live 1–Replay 1–Live 2–Replay 2–Live 3 design. Overall, the mothers produced significantly higher amount of ID speech during the live sequences. Compared to the Live 1 sequence, there was a significant reduction in mothers' ID speech during both replay sequences. However, the mothers only recovered ID speech after the Replay 2 sequence, not after the Replay 1. These findings suggest that the emotions signalled by the mothers' ID speech is affected by the contingency of the infant responses.     

Attachment‐facilitating interactions in non‐kin foster families

This study aims to analyse the interaction between children in foster care and their main caregivers during a microcoded co‐construction task, focusing on the verbal and non‐verbal behaviours that the adults use to promote a secure attachment in the child. It also examines how children and caregivers' socio‐demographic variables relate to the interaction. The sample is made up of 28 Spanish children between 4 and 9 years old in long‐term non‐kin foster care and their foster families. The building task was administered to 28 dyads, composed of the child and the main caregiver in each family. Our results showed that the caregivers' use of attachment‐facilitating behaviours was frequent during the interaction. Moreover, children tended to display a positive attitude when adults used these attachment‐facilitating behaviours. We also found some differences in the interaction according to the caregivers and children's age, the child's gender and the caregivers' satisfaction with the child's development. These results offer us a better understanding of the functioning of the adult–child relationships in foster families, which helps us make more efficient interventions to improve the caregivers' sensitivity towards the children's needs and difficulties.     

Agency‐Based Support: A “Last‐Resort” Strategy for Low‐Income Families?*

Objectives. Agency‐based support, defined as material assistance received from charities and private social service agencies, can constitute an important source of help for low‐income families. This study examines the socioeconomic determinants of agency‐based support and seeks to reveal whether it constitutes an alternative source of support for families whose personal networks can provide only limited assistance. Methods. Multivariate analyses were conducted using data from “Welfare, Children, and Families: A Three City Study,” a study of low‐income mothers living in disadvantaged urban neighborhoods. Results. Findings reveal that respondents with high levels of network support were significantly less likely to use agency‐based support. No association, however, was found with network burden, which led to rejecting the alternative hypothesis that people may use agency‐based support to limit their interactions with demanding network members. Conclusions. Overall, findings suggest that agency‐based support constitutes an alternative source of assistance for those who receive little or no support from family and friends. Policy implications in light of welfare reform are discussed.     

Economic well‐being of low‐income single‐mother families following welfare reform in the USA

This study explored changes in net disposable income for low‐income single‐mother families before and after the 1996 welfare reform in the USA. Although many studies on welfare reform have focused on employment or total family income as a way to measure low‐income single‐mother families’ economic well‐being, little is known about their net income after expenses related to entering the workforce. This study analyzed net disposable income after tax deductions and childcare costs to provide a more accurate understanding of income changes using data from the Survey of Income and Program Participation conducted by the US Census Bureau. The results revealed that while low‐income single mothers were working more after welfare reform, their net disposable income decreased during this time because their earnings were low and offset by an increase in childcare costs and a decline in means‐tested benefits, including Temporary Assistance for Needy Families benefits. Key Practitioner Message: ● To understand effects of the 1996 welfare reform on low‐income families’ economic well‐being; ● To understand comprehensive income sources and work related expenses of low‐income families; ● To provide policy suggestions for comprehensive childcare subsidies to support low‐income single mothers’ employment.     

Putting the child at the centre of inter‐professional cooperation in out‐of‐home care

A large part of most children's childhood is about taking part in educational and leisure‐time activities together with other children across various contexts. However, children in out‐of‐home care do not always have easy access to these possibilities for participation. In general, parents coordinate their children's everyday lives, but in the case of children in out‐of‐home care, the responsibility of care is distributed between several professionals and institutions. Research often recommends that inter‐professional cooperation should put the child at the centre and be more child focused. But what does that mean? The paper investigates theoretical understandings of ‘child centredness’ in inter‐professional cooperation. It also includes an empirical example taken from a research project that followed four children in their everyday lives in two residential homes in Denmark. The research explored how professionals work together across contexts in order to support children to take part in school and leisure‐time activities. The overall reasoning leads to the point that for children in out‐of‐home care, the possibility of exercising personal agency in their everyday life constitutes a difficult but vital issue. How children in out‐of‐home care learn how to conduct their everyday lives, is closely related to the ways professionals cooperate across contexts. It points to the need for close inter‐professional cooperation in order to encourage and support children's initiatives and engagements in activities in communities with other children.