Modernization and the Status of the Aged in China: Decline or Equalization?*

Most models of modernization propose that the status of the aged declines with technological and economic development. These models usually conceptualize the lowered status of the aged as a residual or latent consequence of modernization. Rarely do they address age stratification as a political issue, and they fail to differentiate between subgroups of the aged. We compare accounts of the cultural and structural context of the aged before and after China's socialist revolution, giving particular attention to the role of the family, the state, and technological factors in social change. Technological development and urbanization have not been extensive, and a decline in the traditional authority of the aged has paralleled educational advances and a demographic transition. Government family policies and China's labor-intensive economy facilitate the interdependence of age groups and sex roles. These observations suggest current models of the status of the aged should be revised to incorporate conceptualizations of age and sexual stratification and the role of governmental policies in directing social change.     

Aging in a women's club

This is a case study of the Employed Girls Society, a voluntary association which was organized in 1929 as a training vehicle for young working women and which functions today as an old age support system. A vestige of the past, the EGS is also an omen of the future; current demographic and economic trends portend a time when clubs like the EGS will be required, more and more, to meet the needs of a burgeoning aged population.     

A decision support system for banks

Just recently, information systems with rather unique characteristics have begun to emerge. These systems usually referred to as Decision Support Systems, feature decision models, a data base and the decision maker as subsystems and are specifically oriented to supporting decision making. This article examines Decision Support Systems and their application to banks.     

Handling cause of death in equivocal cases using the em algorithm

The statistical analysis of animal bioassays fore carcinogenicity often involves utilizing the cause of death of each animal. There is considerable disagreement among veterinary pathologists as to the reliability of cause of death information. Recent recommendations for assigning cause of death in animal studies have allowed for uncertainty on the part of the pathologist. This has given rise to data that contain acknowledged equivocal cases with respect to cause of death. The present paper proposes a method for incorporating these equiYocal cases into an existing estimation procedure that requires distinguishing between tumors that caused death and those that did not.     

The Appropriateness of Some Common Procedures for Testing the Equality of Two Independent Binomial Populations

For testing the equality of two independent binomial populations the Fisher exact test and the chi-squared test with Yates's continuity correction are often suggested for small and intermediate size samples. The use of these tests is inappropriate in that they are extremely conservative. In this article we demonstrate that, even for small samples, the uncorrected chi-squared test (i.e., the Pearson chi-squared test) and the two-independent-sample t test are robust in that their actual significance levels are usually close to or smaller than the nominal levels. We encourage the use of these latter two tests.     

Shadow Insurance

Life insurers use reinsurance to move liabilities from regulated and rated companies that sell policies to shadow reinsurers, which are less regulated and unrated off‐balance‐sheet entities within the same insurance group. U.S. life insurance and annuity liabilities ceded to shadow reinsurers grew from $11 billion in 2002 to $364 billion in 2012. Life insurers using shadow insurance, which capture half of the market share, ceded 25 cents of every dollar insured to shadow reinsurers in 2012, up from 2 cents in 2002. By relaxing capital requirements, shadow insurance could reduce the marginal cost of issuing policies and thereby improve retail market efficiency. However, shadow insurance could also reduce risk‐based capital and increase expected loss for the industry. We model and quantify these effects based on publicly available data and plausible assumptions.     

Managing Nuclear Waste from Power Plants

National strategies to manage nuclear waste from commercial nuclear power plants are analyzed and compared. The current strategy is to try to operate a repository at Yucca Mountain, Nevada, to dispose of high-level nuclear waste underground. The main alternatives involve temporary above-ground storage at a centralized facility or next to nuclear power plants. If either of these is pursued now, the analysis assumes that a repository will be built in 2100 for waste not subsequently put to use. The analysis treats various uncertainties: whether a repository at Yucca Mountain would be licensed, possible theft and misuse of the waste, innovations in repository design and waste management, the potential availability of a cancer cure by 2100, and possible future uses of nuclear waste. The objectives used to compare alternatives include concerns for health and safety, environmental and socioeconomic impacts, and direct economic costs, as well as equity concerns (geographical, intergenerational, and procedural), indirect economic costs to electricity ratepayers, federal government responsibility to manage nuclear waste, and implications of theft and misuse of nuclear waste. The analysis shows that currently building an underground repository at Yucca Mountain is inferior to other available strategies by the equivalent of $10,000 million to $50,000 million. This strongly suggests that this policy should be reconsidered. A more detailed analysis using the framework presented would help to define a new national policy to manage nuclear waste.     

The Nominal Group: A New Tool for Making Social Work Education Relevant

This article describes the nominal group technique and delineates the application of the approach to identifying specific course topics and emphases sought by students enrolling in undergraduate and graduate social work courses.     

Life Expectancy during the Great Depression in Eleven European Countries

The recent global economic recession has renewed interest in knowing whether a declining economy affects population health. Understanding the extreme case of the Great Depression may inform the current debate as well as theory regarding biological and behavioral adaptations to unwanted economic change. We test the hypothesis, recently suggested in the literature, that period life expectancy at birth improved during the Great Depression. We applied time‐series methods to annual period life expectancy data of the civilian population from eleven European countries. Methods control for trends and other forms of autocorrelation in life expectancy that could induce spurious associations. We cannot reject the null hypothesis that period life expectancy at birth during the Great Depression remained within the interval forecasted from historical values. Additional analyses using an automated, rule‐based methodology also cannot reject the null hypothesis. During the most severe phase of the Great Depression, period life expectancy in eleven European countries generally did not rise above expected levels.