Financial Planning for College: Parental Preparation and Capital Conversion

This study explores the conversion of cultural capital into economic capital, and specifically financial capital in the form of parental financial planning for children’s college education, including reported financial preparations and savings. Using data from the Education Longitudinal Study (ELS:2002), logistic regression-based analyses of aspects of cultural capital indicated that parental involvement exhibited the most prevalent relationship with financial planning and the amount saved, and that parents’ expectations, but not their aspirations, corresponded to engagement in financial planning. Findings support the conclusion that some parents convert part of their cultural capital to financial capital in preparation for paying for their child’s college education, perhaps representing a typically hidden facet of social class reproduction.     

The Role of Parents in Introducing Children to Financial Services: Evidence from Ghana-YouthSave

Financial capability—financial knowledge, skills, and access to financial services—may help smooth transitions to adulthood for youth and is affected by socialization experiences with parents and other family members. Among a sample of youth and their parents enrolled in the YouthSave experiment in Ghana (n?=?4,065), this study examined whether physical access to financial services and/or visiting banks with parents or other family members was associated with youth’s perceptions and understanding of financial institutions. We found a statistically significant association between visiting the bank with a parent or other family member and youth’s attitudes (β?=?1.45, p?<?0.001) and understanding of financial services (β?=?2.96, p?<?0.001), controlling for other factors like household income and assets. Conversely, physical access (distance, travel time) was not associated with financial services attitudes or understanding. Parents may play an important role in introducing their children to financial services. Practitioners and policy makers should consider ways to include parents in efforts to promote financial capability among youth.     

Assessing the Relationship Between Gender,Household Structure,and Net Worth in the United States

This paper examines wealth disparities by gender and household structure in the United States using data from the 1998–2013 Survey of Consumer Finances. Following studies of economic insecurity, we placed households at the center of our analysis to highlight the interconnected nature of wealth with multiple aspects of family structure. We investigated net worth by both gender and household structure, which includes variation by partnership status and the presence of other adult relatives and their roles within the household. We found that wealth disparities were largest among single adult households, but these varied by gender. Female single adult households held some of the lowest levels of net worth, but after accounting for key explanations of wealth inequality, single male households actually held greater wealth than two-adult partnered households. This relationship further depended on the presence of extended family members, where gender disparities were smaller among households with other relatives present.     

Individual Pension Plans in Spain: How Expected Change in Future Income and Liquidity Constraints Shape the Behavior of Households

Understanding the motives that underlie Spaniards’ retirement saving decisions is important because many, if not most, future retirees will need to rely on personal savings to maintain a decent standard of living. The governor of the Bank of Spain has stated recently that the current public pension system will not guarantee an adequate pension to the citizens, advising to save now for retirement. In this debate on public pensions, and the complementary role that private pensions might play in Spain, this article has shed light on the decision of Spanish households to engage in individual pension plans and it has identified which factors determine the total amount saved in such retirement plans. Using micro data from the Bank of Spain (Survey of Household Finances 2011), the analysis has revealed that the expectations of lower future income, along with preferences for the financial risk and education, exert an important influence on the likelihood of enrolling in a private pension plan. University education minimizes the myopic behavior of households in the sense of making them more forward-looking and cautious in the face of their future well-being. Additionally using Heckman’s methodology to correct for the problem of selection bias, our results have revealed that liquidity constraints affect negatively the total amount of money saved for retirement.     

What Women Want: Employment Preference and Adjustment Among Mothers

In this study of over 2000 mothers, we considered the alignment between employment preference and status, examining the well-being of mothers who were employed and wanting to work; employed because they need the money; not employed and not wanting work; and not employed but wanting to work. Alignment between employment preference and employment status was significantly associated with well-being, and mothers who stayed at home but wanted work had the most difficulties. Strong associations across multiple outcomes were found for emotional support variables, and costs of childcare was the most common reason for staying home even if employment was desired. Results suggest the importance of women’s self-agency in employment decisions, access to child-care, and emotional support in mothers’ lives.     

Trends in bird species richness,abundance and biomass along a tropical urbanization gradient

Impacts of urbanization on biodiversity are commonly studied using urbanization gradients which provide a space-for-time substitution in estimating consequences of urban expansion. Rates of urbanization and human population growth are high in tropical countries of the developing world, which also hold most of the world’s biodiversity hot-spots, yet few studies have considered biodiversity trends along urban gradients in these regions. Bird communities across a gradient of nine sites in Uganda, from the city centre of Kampala to outlying rural locations, were studied over a six year period. These sites were ordered along an urbanization gradient using Principle Components Analysis based on habitat variables estimated at each site. Bird species richness showed a decrease from rural to urban sites, a trend especially evident in forest birds. There was no clear pattern in total abundance, total biomass or biomass per individual along the gradient. However, this latter result was heavily influenced by a colony of Marabou Storks at one site. When this species was omitted, there was evidence of a positive trend with urbanization, showing that as species richness decreased, the bird community was increasingly dominated by larger species with increasing urbanization, which were mainly scavengers able to exploit human refuse. These results provide further support for the negative impacts of urbanization on species richness, but also demonstrate trends in abundance and biomass are variable across different regions. In particular, the increasing dominance of larger species in urban areas may be relevant to certain geographic and/or socioeconomic contexts.     

Plant-mycorrhizal fungi associations along an urbanization gradient: implications for tree seedling survival

Mycorrhizal fungi symbioses can be critical determining if established seedlings survive or not. Currently, in remnant forests, plants and their fungal symbionts are exposed to varied anthropomorphic effects related to urbanization, however, little is known about their impact on this association. We investigated the relationship between mycorrhizal fungi and tree seedling survival along an urbanization gradient. We planted three species of temperate tree seedlings (Acer rubrum, Carya ovata, and Quercus rubra) in three landscapes: urban, suburban, and rural. We measured the percent of root length colonized by mycorrhizal fungi and monitored survival during their first growing season. We analyzed mycorrhizal colonization as a function of landscape type (urban-rural) and additional variables known to contribute to mycorrhizal colonization (phosphorus, nitrogen, initial plant height). We then analyzed seedling survival as a function of the degree of mycorrhizal fungi colonization associated with the landscape gradient and of additional environmental factors (light and soil moisture). Within a species we found no changes in the levels of mycorrhizal fungi colonization across the urbanization gradient. Each species, however, had markedly different levels of colonization. Survival of A. rubrum was independent of mycorrhizal colonization, while C. ovata and Q. rubra had a significant positive response to increased mycorrhizal fungi. These findings highlight the resilience of mycorrhizal communities across the rural-urban gradient typical of this region, but they also underscore the potential sensitivity of some tree species to lower levels of mycorrhizal fungi colonization.     

A balancing act in urban social-ecology: human appreciation,ponds and dragonflies

Green spaces in cities provide cultural ecosystems services (CES) such as nature connection, wildlife interaction and aesthetic appreciation which can improve aspects of human well-being. Recognising these benefits, researchers are now examining the complex relationship between humans and nature in urban social-ecology. Most studies investigate people’s appreciation and valuation of different green space features and their contribution to urban biodiversity. Recommendations arising from such studies are best practices to achieve a balance between landscape aesthetic and ecological objectives, but many knowledge gaps still exist. In a social-ecological project in Greater London, appreciation of ponds and dragonflies in urban green spaces, and the environmental factors determining dragonfly diversity were investigated. We found ponds and their appearance were valued by people as enhancing their green space experience. The preference for wild-looking ponds was moderate. Dragonflies were enjoyed for their colour and high visibility, especially by those who had basic dragonfly knowledge. Species richness of dragonflies was positively associated with habitat heterogeneity in and around a pond. However, people were unable to relate a heterogeneous pond to more dragonfly species. For the first time, some factors that influence the human appreciation-ponds-dragonflies (HPD) relationship in an urban context are revealed. To fully realise the CES potential of ponds and dragonflies in Greater London, a HPD framework is proposed. The framework underpins strategies that foster cultural sustainability for ponds and dragonfly conservation.     

Contrasting strategies for tree species to cope with heat and dry conditions at urban sites

Street trees planted at tree pits with impermeable pavements are exposed to a high level of both, atmospheric and edaphic stress. For many species tree physiology, optimal growth, and consequently long-term vitality may be hampered under these harsh conditions. Therefore, maintaining the vitality and promoting the ecosystem services provided by urban trees, for example aesthetic values and microclimatic benefits, it is important to establish trees with a high tolerance to stressful urban environments. Measurements of leaf gas exchange, leaf water potential, leaf surface temperature and chlorophyll-fluorescence were used for identification of specific response of Corylus corluna L., Ginkgo biloba L., Liriodendron tulipifera L., and Tilia cordata Mill. ‘Greenspire’. The summer months in 2013 with a period of heat and drought over eight weeks only interrupted by two rainy days were appropriate to access tree’s strategies to cope with low water availability. During the measurement period, the influence of high temperatures, high values of vapor pressure deficit (VPD) and low soil water availability on stomatal conductance, water-use efficiency (WUE) and leaf water potential (Ψmin, Ψmax ) was highest for Liriodendron followed by Ginkgo. These species showed high reductions in WUE in case of higher air temperatures and high values of VPD. Results indicate an avoidance strategy under increasing heat and VPD. In contrast, Corylus and Tilia followed a tolerance strategy indicated by decreasing values of Ψmin and lower reductions of WUE. In conclusion, wide species-specific variation in response to high temperatures and high VPD indicates that substantial potential exists in the selection for dry and hot urban places.     

Seed limitation and lack of downed wood,not invasive species,threaten conifer regeneration in an urban forest

Urban forests provide valuable ecosystem services, but their long-term viability is often threatened by low tree recruitment due to seed and/or microsite limitation. Distinguishing between these two causes of low recruitment has important management implications, but has been little studied in urban environments. We tested for seed and microsite limitation in an urban forested park in Seattle, Washington, USA by adding conifer tree seeds and seedlings to experimental plots in which we manipulated microsite conditions by removing invasive ivy (Hedera spp.) and adding deadwood. We found that natural seed production was low, and adding seeds increased the number of observed seedlings. Furthermore, adding deadwood increased seedling survival, whereas removing Hedera did not have strong effects. Seed limitation is frequently addressed through management actions such as sowing seeds and transplanting seedlings, and our results suggest that such actions address a critical barrier to tree recruitment in urban forests. However, we also observed strong microsite limitation. At our study site, microsite limitation can be addressed primarily by adding deadwood and retaining coarse woody debris on site. Addressing microsite limitation may be a critical component of successful management efforts to improve tree recruitment in urban forests, and should not be overlooked. Furthermore, our study highlights the need for active monitoring and data analysis alongside management, since the most apparent threat (widespread cover of an invasive plant in this case) may not be the primary limit on suitable microsite conditions.