Purchase expectations and the demand for consumer durables

This article reviews the use of buying intentions anil purchase expectations data in consumer surveys and forecasts of the likely level of consumer demand. It notes the decline in their use and the disappointing experience where attempts have been made to use such information in time series forecasts. The stronger cross-sectional predictive performance is discussed and it is argued that this is of relevance to researchers and forecasters. Suggestions are made as to ways in which purchase expectations data might he more effectively collected and used in future.     

Household technology: Implications for research and policy

If we are to have a fuller understanding of the social and economic context of the family, it is necessary to explore its technological environment. However, few scholars have examined the relationship between household technology and the functioning of the family. This article looks at which academic disciplines address household technology, what have been their findings, and why there is generally a paucity of research in this area. This article concludes with a discussion of the need for more research in household technology and the implications that this research may have for other family inquiry and for policy formation.Cathleen Zick, University of Utah, Richard Widdows, Purdue University, and Joan Ash, Central Washington University, provided helpful comments on earlier drafts of this article.His research interests include household technology, consumer policy, and consumer protection.     

Consumer Culture,Taste Preferences,and Social Network Formation

One of the most important and consistent findings in the social networks literature is that individuals are socially connected to people who resemble themselves. This finding extends to preferences for consumer culture. Whereas network theorists previously had presumed that social networks generated this outcome through a process of social influence, this traditional conception of the relationship between culture and social networks has been challenged by new theoretical perspectives and novel methodological techniques that enable researchers to empirically test the causal direction of the relationship. In this article, I first discuss how theorists have adjudicated between competing explanations of the relationship of taste preferences and social network structure. Second, I discuss how sociologists have theorized that tastes contribute to variation in network structure. Third, I examine survey and ethnographic research that discusses interactional mechanisms by which people actively mobilize culture to form social relationships. Fourth and finally, I discuss research that explores how consumer culture constitutes the meaning of social relationships and how relationship category affects theorizing of network formation.     

Uncertainty,Doubts, and Delays: Economic Circumstances and Childbearing Expectations Among Emerging Adults

Fertility, or childbearing, expectations have been increasingly identified as an important area of research, at least in part because expectations may help us to understand family issues of concern across the globe such as unintended pregnancies, low fertility, and delayed childbearing. While much research has focused on the link between expectations and behavior, this study extends the literature by asking how those expectations were shaped initially. Specifically, we explore how one’s economic context is related to expectations. This paper further extends the literature by focusing on two dimensions of the parenthood expectations of young people (men and women aged 18–27). Using the 2005, 2007, 2009, and 2011 waves of the Panel Studies of Income Dynamics (PSID) Transition to Adulthood (TA) sample, we considered whether young people expected to have children in the future and, for those who did, when they expected to do so. The results support financial-strain theories of the relationship between (subjective and objective) economic circumstances and childbearing expectations. Women and men with lower earnings, less education, and more worries about their future job prospects are more uncertain whether they will have children. Of those who expect to have children, those with more education and more worries expect to do so later in life. Further analyses reveal that race and gender condition these relationships.     

Expectations of inflation: The biasing effect of thoughts about specific prices

National surveys follow consumers’ expectations of future inflation, because these may directly affect the economic choices they make, indirectly affect macro-economic outcomes, and are considered in monetary policy. Yet, relatively little is known about how individuals form the inflation expectations they report on consumer surveys. Medians of reported inflation expectations tend to track official estimates of realized inflation, but show large heterogeneity between respondents, due to some expecting seemingly extreme inflation. We present two studies to examine whether individuals who consider specific price changes when forming their inflation expectations report more extreme and disagreeing inflation expectations due to focusing on specific extreme price changes. In Study 1, participants who were instructed to recall any price changes or to recall the largest price changes both thought of items for which price changes were perceived to have been extreme. Moreover, they reported more extreme year-ahead inflation expectations and showed more disagreement than did a third group that had been asked to recall the average change in price changes. Study 2 asked participants to report their year-ahead expectations of inflation, without first prompting them to recall specific price changes. Half of participants nevertheless thought of specific prices when generating their inflation expectations. Those who thought of specific prices reported more extreme and more disagreeing inflation expectations, because they were biased towards various items associated with more extreme perceived price changes. Our findings provide new insights into expectation formation processes and have implications for the design of survey-based measures of inflation.     

A revised behavioral model of consumer durable demand

A general model of consumer demand for durable goods has recently been proposed by Pickering (1978,1981). Of particular note is the use of expectations of both personal financial and general economic conditions to capture the consumer's willingness to buy. However, it is argued first that these two expectations have Jointly interdependent rather than unique contributions to consumer confidence. In addition, it is proposed that the concept of expectations should be extended to specific product attributes as well. Pickering's model is subsequently revised to incorporate the conceptual modifications.     

Parents' hopes and expectations for their children's future occupations

Qualitative research has generated important insights into the intersection of social class, parental values and children's experiences of education and their role in the reproduction of inequalities. There has been less analytic engagement with parents' expectations and aspirations regarding their children's future occupations. Such expectations and aspirations have attracted much research and policy interest. Typically, analyses have been quantitative and focused on outcomes for children. Whilst parental expectations are deemed very influential for children's future occupational outcomes, there is relatively little evidence on the shaping of such expectations, or the ways in which future work and occupations are discussed between parents and children. This article reports on an analysis of parents' ideas about their children's future occupations and the contexts in which these ideas accrue meaning. Drawing on primary data from interviews with parents we explore diversity within, as well as across, social classes. First we explore parents' expectations and aspirations for their children's future occupations. Secondly we consider how parents see their own role in shaping such futures. The evidence highlights the salience of parents' own biographies and class backgrounds in shaping their orientations to, and manner of engagement with, their children's futures. Thirdly we briefly explore how parents' expectations and engagement with their children play out in class differentiated ways as their children approach early adulthood.     

Negotiating Role Definitions and the Working Consensus in Self-Work*

Definitions of social roles and the maintenance of a working consensus are two kinds of background expectations which are important for actors’accomplishment of self-work. Interactionists have traditionally assumed that these background expectations are unambiguously available to social actors as they negotiate situated meanings of selves and situations. Using data from dyadic role-play conversations, this study examines instances where interactants reference these expectations as ambiguous or problematic. The findings show that the situated meanings of role definitions and the working consensus are continually subject to potential negotiation. The implications of these findings for future research and theory on self-work in social interaction are discussed.     

Rural women in local agrofood production: Between entrepreneurial initiatives and family strategies. A case study in Greece

Recent years have seen a relative flourishing in the Greek countryside of small women’s businesses engaged in the production of local traditional agrofood products for an emerging consumer demand for foods of specific quality. In the present article the central research question may be summarized as: “to what extent do these women perceive their business more as a means of supplementing family income than as a point of departure for a personal professional career?” We argue that women as entrepreneurs probably adhere to different behavioural patterns from men and have different expectations in the sense that they attach more importance to maintaining equilibrium between the requirements of profession and the demands of family life than they do to achieving economically rational goals through business success.     

Perceptions and expectations of price changes and inflation: A review and conceptual framework

Drawing on relevant literature from a diverse range of academic disciplines we present a conceptual framework intended to further our understanding of perceptions and expectations of price changes and inflation. Based on this framework, we provide a detailed review of the literature and an analysis of open issues in current research. The review is primarily concerned with individuals’ perceptions and expectations of price changes and inflation, which can influence individuals’ economic behaviour (e.g. spending and saving decisions). The main insight from the review is that while consumers may have a limited ability to store and recall specific prices, and even succumb to a number of biases in the way in which they form perceptions and expectations of global price changes, they do seem to have some feel for, and ability to judge and forecast, inflation. How they achieve this, however, is still an open question, although plausible explanations have been proposed. While much important research has been undertaken and significant progress made in our understanding of the psychology of inflation, there remain many unanswered questions and interesting avenues for future research, which are discussed in the final part of the paper.     

How consumers/survivors are evaluating the quality of psychiatric care

In the past decade, mental health consumers have increasingly become involved in evaluating the quality of psychiatric care and applying sophisticated data strategies to affect system reform. Through multistakeholder partnerships, they have identified outcome indicators, collaborated in the development of a mental health report card, and designed and conducted consumer self report surveys on satisfaction and needs and preferences for housing and supports. The formation of multistakeholder assessment teams; the definition of the consumer perspective through focus groups and concept-mapping pilots; and research on coercion, personhood, recovery, and empowerment are key activities of consumers/survivors in the field of evaluation.     

‘My grandchild has a disability’: Impact on grandparenting identity, roles and relationships

Being a grandparent is an important and valued role for many older adults, who often have strong views about the type of grandparent they will be and what they will teach their grandchild. When their grandchild has a disability, grandparents may have to significantly adjust their expectations and interactions. This research explores if and how having a grandchild with a disability influences grandparents' sense of identity and enactment of the grandparent role. Using qualitative purposive sampling, semi-structured interviews were conducted with 22 grandparents of children with an intellectual and/or physical disability residing in Brisbane, Australia. A thematic analysis identified three key themes characterising grandparent's views: formation of grandparenting identity, styles of grandparenting, and role enactment. The results highlight the critical role of grandparents when a child has a disability, illustrating that the grandparenting experience and role enactment may be universal with only the context and delivery varying.     

The structure of consumer confidence in four EEC countries

This paper reports an exploration of the structure of consumer confidence in four of the countries participating in the EEC harmonized consumer attitudes surveys. The analysis is based on two EEC surveys in each of the countries concerned and uses the rotated solutions on the first three factors of the data. It was found that the different countries and surveys had similar factor structures which were interpreted as general economic conditions: personal financial circumstances; household durable buying intentions. The position of price expectations and attitudes to saving within these factor structures is also of interest in the interpretation of consumer behaviour.     

Moving Ahead in Madrid: Aspirations and Expectations in the Spanish Second Generation

This paper examines determinants of aspirations and expectations among children of immigrants based on a statistically representative sample of 3,375 second generation youths interviewed in 101 public and private secondary schools in metropolitan Madrid. We review the past literature on status attainment in general and aspirations and expectations, in particular, and draw from it a set of six hypotheses to guide the analysis. Most theoretical statements in this field have been developed on the basis of U.S. data; studies in other immigrant-receiving countries, especially outside the Anglophone world, have been scarce. The study thus provides an opportunity to test and refine existing hypotheses in a different national context. We present breakdowns of educational and occupational aspirations and expectations by gender, parental education and type of school attended. This is followed by multivariate regressions of all four dependent variables on these three plus other predictors suggested by the research literature. This analysis ends with structural equation models - recursive and non-recursive - that provide an integrated theoretical statement of the causal structure of ambition in the Spanish context. Implications of our findings for theory and policy are examined. Suggestions for future research in this field are discussed.     

VOLUNTARY DISCLOSURE AND EARNINGS EXPECTATIONS IN MULTI-LEVEL MARKETING

Multi-level marketing (MLM) firms recruit individuals into a business opportunity but are not required to disclose the earnings of past participants. Some MLMs voluntarily create income disclosures, which may serve both marketing and risk-management functions. We create an economic experiment to explore the impact of MLM income disclosure on consumer interest and expectations. Results suggest that disclosure does not significantly alter interest in the business opportunity but does reduce expectations, on average, when subjects are asked to estimate annual income in a lab environment. We discuss findings in the context of current regulatory policy. (JEL D18, D82, M38)     

The Immigrant Advantage in Adolescent Educational Expectations

Previous research has shown uniquely high expectations among children of immigrants. However, existing studies have not focused on why children of immigrants have an expectations advantage over their native‐born counterparts or if this has changed over time. This study shows that an immigrant advantage in graduate school expectations persists among adolescent children of immigrants today. Regression analyses reveal that this advantage is largely explained by higher parental expectations, greater interest in school, and foreign language use in early childhood. We argue that these factors can be conceptualized as forms of cultural capital stemming from unique aspects of the immigrant experience that are common across immigrant families.     

Improving Child rights in the Gulf: Expectations from the brand-new child law of Oman

Located in the Arabian Peninsula, Oman has a unique place in the improvement of its citizens' life standards, including the recent child law projected by its Renaissance movement. The new law was issued on May 19, 2014—however, no reactions on expectations have been documented. In Oman, the main source for early childhood teachers is the Sultan Qaboos University (SQU) and graduates from the Early Childhood Education Department (ECED) are also expected to act as advocates for child rights in all sectors of the society. In light of these groups' prominence in advocacy efforts, it is important to understand their perspectives on changes in the law that could affect a child's life. This research study aimed to gain a better understanding of early childhood pre-service teachers' expectations of Oman's new child law. In addition, a detailed background on child rights and the new child law is offered here. The selective sampling method was deployed in this study—participants were 25 SQU students from ECED. Qualitative research methods were used. Findings showed that expectations of the new child law are abundant, yet a few concerns remain. Findings are discussed and recommendations for policy makers are made.     

Trust, repute and the role of non-profit enterprise

This article examines the trust hypothesis: the claim that asymmetric information can explain the existence of non-profit enterprise in certain markets. We argue that this hypothesis, in order to be viable, has to meet three challenges: ‘reputational ubiquity’, ‘incentive compatibility’ and ‘adulteration’. Drawing on modern agency theory, we conclude that the trust hypothesis stands on shaky ground. It can be sustained only under particular conditions that have been neither carefully described in theory nor subject to empirical assessment. The available evidence, patchy and inadequate as it is, seems to suggests that there are some ownership-related differences in aspects of organisational performance connected with asymmetric information. However, there is little evidence that this relates to trustper se or provides a rationale for the existence of non-profit ownership in these industries. We conclude with a plea for substantial research on consumer expectations and provider motivations. Visiting Associate Professor at Rutgers University, New Brunswick, New Jersey.     

The Changing Institution of Marriage: Adolescents’ Expectations to Cohabit and to Marry

Cohabitation has become part of the pathway toward marriage. Prior work focuses on expectations to marry and has ignored cohabitation. Although most young adults are not replacing marriage with cohabitation, but instead cohabit and then marry, it is important to study adolescents’ joint expectations to cohabit as well as marry. Our analyses draw on recently collected data from the Toledo Adolescent Relationships Study (N = 1,293). We find that adolescents are less certain about their cohabitation than marriage expectations. Dating and sexual experience, traditional values, prosocial activities, and parents influence adolescents’ union formation expectations. The findings from this work suggest that adolescents are including cohabitation as part of their future life trajectories but rarely envision cohabitation as substituting for marriage.