Sources of information and portfolio allocation

This research investigates the relationship between how a household receives financial information and the degree to which investment portfolios are diversified. Diversification is measured as allocation across asset classes and share of assets held in each asset class. Propensity score-based techniques incorporating stratification and weighting are employed to better isolate causal links, while also controlling for objective and subjective financial literacy and overconfidence. Results indicate that the use of financial planners and brokers is associated with an increase in asset class diversification. Households that consult with financial planners and bankers allocate their wealth systematically different from those who do not. These results highlight the role that financial professionals play in helping households make investment decisions.     

Taking Tilly south: durable inequalities, democratic contestation, and citizenship in the Southern Metropolis

Drawing on Charles Tilly’s work on inequality, democracy and cities, we explore the local level dynamics of democratization across urban settings in India, South Africa, and Brazil. In all three cases, democratic institutions are consolidated, but there is tremendous variation in the quality of the democratic relationship between cities and their citizens. We follow Tilly’s focus on citizenship as the key element in democratization and argue that explaining variance across our three cases calls for analyzing patterns of inequality through the kind of relational lens used by Tilly and recognizing that patterns of contestation are shaped by shifting political relationships between the nation and the city. We conclude that Tilly’s theoretical frame is nicely sustained by the comparative analysis of cases very different from those that stimulated his original formulations.     

Using GIS in community design charrettes: Lessons from a Japan–U.S. collaboration in earthquake recovery and mitigation planning for Kobe

Charrettes have become popular in the urban design field, especially for use among multidisciplinary teams of professionals and non-professional community stakeholders seeking to incorporate a rich array of expertise in short visioning activities. Geographic Information Systems are among the technologies with potential to provide sophisticated spatial information to charrette participants efficiently. This article reports on a charrette carried out jointly by teams from Kobe University and the University of Washington, Seattle, USA, using GIS to inform urban design in three neighborhoods affected by the Great Hanshin–Awaji Earthquake of 1995 in Kobe, Japan. The article describes the charrette itself, and discusses the utility of GIS, given the challenges of disaster recovery in a context of undeveloped institutions for public participation, and with participants of different linguistic and educational backgrounds. In combination with electronically storable drawing technology, GIS proved useful in enlarging the multidisciplinary and cross-cultural reach of urban design; in incorporating new layers of pre-prepared expert data, and in combining such data with dynamically-generated “advice maps” and design ideas. For GIS-based charrettes to become more widely useful in community-scale design in Japan, however, additional property-scale data need to be available.     

Regional unemployment,gender, and time allocation of the unemployed

This paper analyzes the relationship between time allocation decisions of the unemployed, gender, and regional unemployment rates. Using two cross-sections from the 2002–2003 and 2009–2010 Spanish Time Use Surveys, we find that higher regional unemployment rates are associated with increases in the time devoted to study by men. Regional unemployment rates are also associated with more time devoted to household production, particularly for unemployed men and women living in a couple, and to less time devoted to leisure, particularly for unemployed men with a working partner and unemployed women not living in a couple. We interpret our findings as evidence favoring consumption smoothing. Higher regional unemployment rates imply a lower availability of jobs for the unemployed, it reduces individual expectations of finding a job, and thus households may try to increase their time spent on household production to reduce market expenditures and thus maintain their consumption constant. Increases in the time devoted to household production during business cycles need to be considered in the analysis of the wellbeing of the unemployed. Consumption smoothing may imply increased wellbeing, but more time devoted to household production is associated with lower experienced utility of individuals throughout the day.     

Subjective measures of risk aversion, fixed costs, and portfolio choice

The paper investigates risk preferences among different types of individuals. We use several different measures of risk preferences, including questions on choices between uncertain income streams suggested by Barsky, Juster, Kimball, and Shapiro (1997) and a number of ad hoc measures. As in [Barsky et al., 1997] and [Arrondel and Calvo-Pardo, 2002], we first analyze individual variation in the risk aversion measures and explain them by background characteristics (both “objective” characteristics and other subjective measures of risk preference). Next we incorporate the measured risk preferences into a household portfolio allocation model, which explains portfolio shares, while accounting for incomplete portfolios and fixed costs. Our results show that a measure based on factor analysis of answers to a number of simple risk preference questions has the most explanatory power. The Barsky et al. (1997) measure has less explanatory power than this “a-theoretical” measure, suggesting that sophisticated measures based on economic theory may exceed the financial capability of respondents. Fixed costs turn out to provide an economically and statistically highly significant explanation for incomplete portfolios.     

Communities under fire: Empowering families and children in the aftermath of homicide

This article presents an empowerment approach to clinical services for families and children surviving homicides. Narrative theory is used to integrate child, family and community interventions. The article presents a framework for the examination of narratives and guidelines for co-constructing narratives that empower children, families and communities.     

Culture,the 'sick role' and the consumption of health

This paper revisits Parsons's conception of the 'sick role' and examines the relevance of his writings on the cultural understanding of sickness to the consumption of health in the contemporary era. In terms of current developments, I focus on the development of pro-active approaches towards the healthy body, and the growth of 'information rich' consumers of health care. These have become prominent themes in sociology, and while Parsons's writings are usually viewed as anachronistic I argue they remain highly pertinent to understanding the emergence of informed, body conscious lay people. If Parsons's analysis of health is more relevant to current circumstances than many critics assume, however, it is not unproblematic. The residual categories associated with the sick role obscure the continued utility of his work on the general cultural values informing health care. It is Parsons's analysis of these values, I suggest, that needs rescuing from restricted understandings of the sick role and highlighting as an important resource for contemporary theorists.     

When the levee breaks: treating adolescents and families in the aftermath of hurricane katrina

Hurricane Katrina brought to the surface serious questions about the capacity of the public health system to respond to community-wide disaster. The storm and its aftermath severed developmentally protective family and community ties; thus its consequences are expected to be particularly acute for vulnerable adolescents. Research confirms that teens are at risk for a range of negative outcomes under conditions of life stress and family disorganization. Specifically, the multiple interacting risk factors for substance abuse in adolescence may be compounded when families and communities have experienced a major trauma. Further, existing service structures and treatments for working with young disaster victims may not address their risk for co-occurring substance abuse and traumatic stress reactions because they tend to be individually or peer group focused, and fail to consider the multi-systemic aspects of disaster recovery. This article proposes an innovative family-based intervention for young disaster victims, based on an empirically supported model for adolescent substance abuse, Multidimensional Family Therapy (MDFT; Liddle, 2002). Outcomes and mechanisms of the model's effects are being investigated in a randomized clinical trial with clinically referred substance-abusing teens in a New Orleans area community impacted by Hurricane Katrina.     

Methods, approaches and data sources for estimating stocks of irregular migrants

This paper presents a comprehensive review of available methods for sizing irregular migrant populations as a particular group in the study of hidden populations. Based on the existing body of literature on the subject, a generic classification scheme is developed that divides existing estimation procedures into subcategories like “approaches”, “methods” and “estimation techniques”. For each of these categories, basic principles, methodical strengths and weaknesses, as well as practical problems, are identified and discussed with the use of existing examples. Special emphasis is placed on data requirements, data shortcomings and possible estimation biases. In addition, based on the empirical classification and quality assessment of country-specific estimates developed in the CLANDESTINO research project, the potential and requirements for replicating best practice models in other countries are explored. Finally, a number of conclusions on the appropriate design of estimation projects are offered.     

Framing authoritarian legitimacy: elite cohesion in the aftermath of popular rebellion

ABSTRACT

Protest activity presents a significant threat to state legitimacy in nondemocratic settings. Although authoritarian regimes rely heavily on coercion, state officials must also justify their authority to both the public and other elites. Previous work has shown how elites vilify challengers to legitimize repression, but scholars have yet to examine how state officials engage in meaning work to prevent elite divisions from forming in light of popular challenges to regime legitimacy. In this study, we examine elite framing processes in a case of popular resistance to a 1953 currency reform in Communist Czechoslovakia. Using archival material, we trace the inter- and intra-organizational processes through which officials construct legitimacy claims by explaining and adjudicating blame for the popular rebellion. Results indicate that authoritarian rulers relied on a variety of discursive mechanisms to generate consensus among subordinate elites and protect regime legitimacy. We conclude by discussing implications for research on authoritarianism and social movements.     

Eating in: home, consumption and identity

Food is perhaps one of the most mundane and taken for granted parts of our everyday life, yet the ways we think about shopping, cooking and eating are actually intensively reflexive. This paper uses the example of food to explore questions of identity in relation to the specific cultural location of 'the home'. Using case study examples the paper illustrates some of the complex ways in which identities, throughout the lifecourse, are produced, articulated and contested through food consumption and the spatial dynamics of cooking and eating. In doing so the paper demonstrates that households, rather than being single units of food consumption, can be sites of multiple and sometimes contradictory consumption practices and that it is necessary to understand how patterns of eating are negotiated and contested within households in order to understand how the home functions as a 'consumption site'.     

The Polls-Trends: Arab and Muslim Americans and Islam in the aftermath of 9/11

The terrorist attacks against the United States on September11, 2001, fueled widespread concern and speculation about mountingIslamophobic sentiment among Americans in response to the events.To monitor developments in opinions about Muslims and Arabs(both living in the United States and abroad) and attitudestoward the Islamic faith, survey organizations began to assessmore regularly Americans’ attitudes on these topics. Ianalyze developments in public sentiment about Arab and MuslimAmericans and Islam in the age of the war on terror using availablepublic opinion data. The data analyses in this study suggestthat Americans possess lingering resentment and reservationsabout Arab and Muslim Americans. The evidence also reveals lowlevels of awareness about basic elements of Islam but growinganxiety about Islam’s (especially Islamic fundamentalism’s)compatibility with Western values of tolerance, acceptance,and civility. Some of the sharpest movement in opinion dynamicswe observe is in the immediate aftermath of the 9/11 attacks,but opinion levels stabilize shortly thereafter. Monitoringthese developments as the war on terror continues is crucial.     

Changing patterns in the allocation of savings,investments and debts within couple relationships

Using data from the British Household Panel Study (BHPS) from 1995 to 2005 we examine the nature of the allocation of savings, investments and debts between heterosexual couple members, how these vary by individual and household characteristics, and how these patterns vary over a ten‐year time horizon. We find savings are more commonly held in joint names than investments or debts and there is evidence of an increasing independence in financial arrangements between couple members throughout the period 1995 to 2005. Controlling for age and other factors, cohabitation reduces the likelihood of shared financial arrangements. Both partners' labour market income affects the likelihood of having any savings or investments for both men and women but as men's labour income increases, the likelihood of men having jointly held savings and investments with their female partner reduces. Psychological well‐being is improved where individuals have any savings or investments either solely or jointly held with their partner.     

Strike activity in the united states: An analysis of the stocks and flows

Evidence indicates that a dichotomy exists between the stocks and flows of strike activity in the United States. Canonical correlation analysis was applied to U.S. strike data from 1955 through 1980 to ascertain whether the economic or sociopolitical models of strikes were more appropriate to the explanation of either the stock or flow of strikes. The economic variables were the most important in explaining variations in the flow while the linear time trend together with the economic variables explained the variations in the stock of strikes. This suggests that strikes begin for economic reasons and that the dimensions of the stock of strikes may be more closely correlated with variables not used in the analysis but exhibit a trend over the period examined, hence a dichotomy between the flow and stock of strike activity.     

Equivalence scales,the cost of children and household consumption patterns in Italy

This article deals with the estimation of parametric equivalence scales for Italian households with different demographic characteristics: composition, location and number of employed members in the household. Using a sample of 43,701 observations on monthly current expenditures from 1997 to 2004 we estimate a demand system for ten goods and we tackle the problem of corner solutions for some goods adopting the Two Step estimator proposed by Shonkweiler and Yen (Am J Agric Econ 81:972–982, 1999). The consumption behavior of households is also analyzed calculating compensated, uncompensated and expenditure elasticites for each commodity. By considering households that differ in composition (number of children), geographic location (four-different macro-areas of Italy), and number of employed adults, we allow for a range of useful comparisons.     

The terrors of night and the arrows of day. Social workers' processes in the aftermath of murder

This paper provides extended extracts from interviews conducted with three social workers interviewed for a study enquiring into social workers' experiences of stress. For the purposes of this study, experienced practitioners were asked to recall a time that stood out for them in their minds as causing them stress. They were asked to describe the experience, to say how it had affected them, how they responded to it and what they had found helpful and unhelpful when attempting to deal with the experience. The three participants quoted in the paper all talked of their involvement with service users who had killed others. They describe personal and organisational responses to the murders and tell of internal processes and responses from others that were found to be helpful and unhelpful. The 'haunting' quality of such experiences is apparent throughout accounts, as is the relevance of psychodynamic theory and concepts. The importance of creating and using a therapeutic space in which it is possible to have ideas about how such stress can be thought about is emphasised.