UNDERSTANDING THE EFFECTS OF MARRIAGE AND DIVORCE ON FINANCIAL INVESTMENTS: THE ROLE OF BACKGROUND RISK SHARING

We investigate how changes in marital status affect financial investments and how these effects vary with background risk. We use detailed register‐based panel data and difference‐in‐differences estimators to benchmark common unobserved influences on financial investments. Women increase the fraction of wealth invested in stocks after marriage and decrease it after divorce, whereas men show the opposite behavior. Households whose joint labor income risk is reduced more by marriage have a higher increase in their exposure to risky assets in marriage. Thus income risk sharing in the household is important for financial risk taking and investment responses to marital transitions. (JEL G11, J12, J16, D14)     

DEPRESSION, BIOLOGY, MARRIAGE AND MARITAL THERAPY

Marital therapists have an, as yet, unrecognized contribution to make to the treatment of depression. It is incumbent upon them to keep abreast of the growing literatures concerning both biological and interpersonal aspects of depression, and to inform other mental health professionals, policy makers, and depressed persons and their families as to what marital therapy has to offer. Consistent with this goal, this article provides an introductory overview of recent findings concerning the biology of depression, the relative merits of medication versus psychotherapy, and the complex relationships between marriage and depression. While there is considerable evidence that many depressions have a biological component and that medication is an efficacious way of providing symptomatic relief, this in no way contradicts findings concerning the efficacy of psychotherapy and the importance of the marital relationship in the outcome of a depressive episode.     

MARRIAGE AND FAMILY THERAPISTS AND THE CLERGY: A NEED FOR CLINICAL COLLABORATION, TRAINING, AND RESEARCH

This article calls for greater collaboration between clergy and marriage and family therapists. It spells out the reasons for potenial collaboration and suggests some specific ways it can occur. Marriage and family therapists acknowledge the highest rates of religious involvement of any metntal health profession, placing them in a unique position to be involved in the continuing education of clergy. There is a clear need for research to understand how marriage and family therapists and clergy can more effectively work together. The dearth of research, training, and collaboration between the two vocations is all the more unfortunate given the clear evidence of the importance of religion in the personal lives of the clients we serve.     

THE WEB MARRIAGE GAME,THE GENDERED SELF,AND CHINESE MODERNITY

This paper examines the web-based virtual marriage game craze that emerged in the 1990s. These online interactive games may have opened up moments of liberation and formulated new ideologies of sexual relations. However, web-based marriages only ensure a male-dominated system and conform to dominant patriarchal standards – regardless of the number of females involved. Re-enacting the rules of marriage, the cyber game is ideologically directed against free unions, mobility, promiscuity, and parafamilial fluidity – all in order to stabilize individuals for reasons of social and political control; at the same time, it promotes the acquisition of skills needed by individual players in a free market, as if paralleling the drastic re-articulation of the economy. I understand the virtual game to be a safe haven for both China and the Chinese people to imagine that they can re-strengthen and re-virilize themselves in a rapidly changing world. They co-fabricate a depthless interface or a pure semblance of a looming powerful China ruled by a male-oriented system. Just as China dreams of achieving modernity through a consistent, dependable, controlled, and ‘clean’ path, the virtual reality of the marriage game reveals a social imaginary in which contemporary Chinese people picture their social existence in an unstable transitional moment.     

RISK, RATIONALITY, AND RELIGIOUS PORTFOLIOS

This paper derives a theory of religious behavior and organization from the assumption that people seek to limit the risk associated with their religious activities. Alternative risk reduction strategies lead to different styles of religion: one centering on collective production, exclusivity, and high levels of commitment; another centering on private production, diversified consumption, and fee-for-service transactions. Western religions, particularly their more sectarian forms, exemplify the collective style, whereas Asian and New Age religions approximate the private.     

UNOBSERVABLE INDIVIDUAL EFFECTS, MARRIAGE AND THE EARNINGS OF YOUNG MEN

While there is compelling evidence that married men earn more than unmarried men, the source of this premium remains unsettled. Using panel data from the National Longitudinal Survey of Young Men, we show that much of the premium normally attributed to marriage is associated with unobservable individual effects that are correlated with marital status and wages. To the extent there is a gain, it is purely an intercept shift and no more than 5% to 7%. Our findings cast doubt on the interpretation that marriage enhances productivity through specialization.     

MARRIAGE, DEPRESSION, AND COGNITION: UNRAVELING THE GORDIAN KNOT-REPLY TO ETTINGER ET AL.

Heim and Snyder (1991) explicitly applied a multidimensional assessment and data-analytic strategy to predict husbands' and wives' depressive symptoms from measures of marital disaffection, overt marital conflict, appraisals of relationship prognosis, characterizations of the spouse, and causal attributions. For both genders, the best single predictor of depression was a measure of marital disaffection—accounting by itself for approximately one third of the variance in subjects' depressive symptoms. Additional attributional predictors of depression for married women indicated the need for therapists to support wives' assertive expression of relationship concerns and confrontation of husbands' behaviors contributing to their distress. We reiterate the complex and recursive relationships among marital difficulties, depression, congnitive processes, and their antecedents and consequences and encourage focused research on components of this intricate puzzle.     

RISK SOCIETY,MEDIA, AND POWER: THE CASE OF NANOTECHNOLOGY

Risk society theory posits that the transformation of industrial to postindustrial society corresponded with a transformation of societal power structured by capital, to one structured by the ability to define risk. Perceptions of risk are, in part, socially constructed and created through the framing efforts of various institutional actors. The resulting struggle over meaning is particularly acute when the issues contain many unknown elements—as is the case with emerging technologies. Applying insights from media studies, frame analysis, and organizational theory, we analyze coverage of nanotechnology (NT) in popular press, trade, and general science publications. The findings document the extent to which the risks of this emerging technology are presented or ignored across, between, and within organizational subfields. The analysis empirically assesses a key proposition of risk society theory and reveals how institutional processes reflect and reproduce power differentials. We discuss the implications of the empirical findings for sociological theories of risk and society, power, and collective action.     

ACCREDITATION: WHAT CONSTITUTES APPROPRIATE MARRIAGE AND FAMILY THERAPY EDUCATION?*

This study compared the mail questionnaire responses of 132 training directors and 79 clinical members of the American Association for Marriage and Family Therapy (AAMFT). The findings about preferred criteria for accreditation, training requirements, and attitudes toward major professional issues suggested several key differences between training directors and clinical members, as well as important similarities. These divergent and convergent trends are described and discussed.     

Faces Behind the Figures: Interviews with Children Excluded from Primary School

This article presents a viewpoint on school exclusion from 22 primary-age children excluded from 20 different schools in two English local education authorities, (a county council and an inner London borough) during the 1993–94 academic year. Some of the methodological and ethical issues about researching children are outlined and considered. The approach and methods used in the research are explained. Interviews with children showed exclusion to be a significant but negative event for them, yet they were optimistic about a return to school. Children showed an awareness of what was considered to be appropriate or inappropriate behaviour in their school. They frequently referred to incidents of physical aggression as the reason for their exclusion. It is concluded that this awareness of appropriate behaviour as well as their optimism must be recognised and harnessed when young children are reintegrated into school following a period of exclusion.     

STRUCTURAL AND STRATEGIC FAMILY THERAPY: A BASIS FOR MARRIAGE,OR GROUNDS FOR DIVORCE?*

In reaction to a current move toward eclecticism in family therapy, the Structural and Strategic schools of therapy are examined. Both a conceptual and practical framework for relating these two, often contradictory, schools to one another is presented through the use of some of Gregory Bateson's recently presented views. The therapist's dilemma in trying to integrate these two approaches is discussed in the light of self-fulfilling prophecies and the necessity for second-order change as related to the therapist's actions. A conclusion is reached that conceptual integration of the approaches may be possible at a higher level, yet practical integration of the two by the practitioner may be difficult, if not impossible, due to the different units of analysis and subsequent action commanded by each approach.     

BRINGING ADVENTURE INTO MARRIAGE AND FAMILY THEAPY: AN INNOVATIVE EXPERIENTIAL APPROACH

outdoor adventure experiences, traditionally associated with programs like Outward Bound and Project Adventure, have evolved into specific interventions for a number of therapeutic populations. Once used primarily with dysfunctional adolescents, a series of presentations and writings have emerged that apply these techniques to marriage and family populations. This article presents a brief history and overview of the documented use of adventure experiences in marriage and family therapy and enrichment. Illustrations of actual techniques and recommendations for guiding future studies are also offered.     

MARRIAGE AND FAMILY CONSULTATION WITH RANCH AND FARM FAMILIES: AN EMPIRICAL FAMILY CASE STUDY

There is a paucity of marriage and family therapy literature addressing therapeutic consultation with farm and ranch families. This article describes a case study in which several Marital and Family Therapy approaches were used to consult with a ranch family. It also provides empirical data showing in which of five treatment phases changes occurred. Two generations, including four couples from an extended family, participated in family consultation over 42 months and completed assessments six times. Statistical results and clinical impressions confirm that the five-phase consultative process resulted in significant improvements in family satisfaction with adaptability and family strains levels and positive movement in seven other areas.     

USE OF THE DSM IN MARRIAGE AND FAMILY THERAPY PROGRAMS: CURRENT PRACTICES AND ATTITUDES

The DSM has largely become the common language of behavioral health which its authors intended. Although family systems theory resulted in part from the study of major mental illness, it later became distanced from considerations of individual psychopathology. No studies have assessed current practices and views within the field of family therapy on teaching students the use of the DSM. Member training programs of the Education and Training Council of the American Association for Marriage and Family Therapy were surveyed regarding their practices in teaching the DSM. Seventy-nine of 177 surveys (45%) were returned. Ninety-one percent of these programs offered training in the DSM, and in 93% of those such training was mandatory. Written comments indicated that pragmatic concerns about students being able to speak a common language with other behavioral health providers were among the primary reasons for teaching the DSM.     

POLITICAL RISK, NATIONAL DEFENSE AND THE DOLLAR

The Federal Reserve Board's trade-weighted real exchange rate index is highly correlated with the U.S. defense budget share of GNP. This paper provides evidence that the correlation is not spurious. Political risk associated with holding wealth in the United States varies inversely with U.S. military security and, due to the Soviet military threat to the West, is a major argument in foreign asset demand functions.