Adolescent dialysands in group therapy

Adolescents are particularly vulnerable to the psychological effects of chronic illness and its treatment. Group treatment of girls with renal failure proved to be of therapeutic value in improving self-image and reducing emotional stress.     

World Development and the Restructuring of the Industrial Economies

This paper reports on the joint SPM/CRANEC Catholic University of Milan symposium on “World Development and the Restructuring of Industrial Economies” held at Bellagio, Lake Como, Italy during the week of 10–15 September 1979. The symposium was organized to discuss the adjustments required by the industrialized economies when adapting to the changes inherent in present world development trends, as well as to help define national and international policy measures that might be used to facilitate the restructuring process. This report reviews the key issues, alternative strategies for restructuring, and policy measures for restructuring discussed at the symposium. It also offers some conclusions based on the results of the symposium.     

Disability equality training—constructing a collaborative model

This paper describes and discusses the process of a research project designed to provide a model of disability equality training for health and social care staff. The interprofessional and participative consultative process when designing a disability equality staff training programme based on a social model of disability is evaluated. The methodology and conceptual thinking of the research process is analysed using the qualitative data generated from service users and staff. The paper concludes with a discussion of the challenges and opportunities for health and social service agencies committed to implementing staff disability equality training consistent with the UK Disability Discrimination Act 1995 and the Human Rights Act 1998.     

Die Rolle des Luftverkehrsrechts und der Haftung bei Flugzeugkatastrophen: Eine Finanzmarktanalyse

Zusammenfassung  Rechtsansprüche gegen Fluggesellschaften und Flugzeughersteller in Folge einer Flugzeugkatastrophe richten sich nach einer Flut rechtlicher Bestimmungen, die aus internationalen Abkommen, Vereinbarungen zwischen Fluglinien sowie aus Bundes- und Landesrecht resultieren. Die jeweilige Rechtsgrundlage in einem spezifischen Fall h?ngt von verschiedenen Umst?nden ab, die mit einem Unfall verbunden sind. Es überrascht daher nicht, dass zugesprochene Schadensersatz- und Schmerzensgeldzahlungen an die Angeh?rigen der Opfer von Fall zu Fall erheblich divergieren. In unserer Studie mit U.S.-amerikanischen Daten untersuchen wir, inwieweit der kurz- und langfristige Erfolg von Fluggesellschaften und Flugzeugherstellern durch Flugzeugkatastrophen beeinflusst wird und wir eruieren diejenigen Determinanten, die Performanceunterschiede erkl?ren k?nnen. Verwandte Untersuchungen haben sich weitgehend auf Effekte für Markennamen oder steigende Versicherungspr?mien als Ursachen für Aktienkursverluste konzentriert. Unsere Ergebnisse zeigen darüber hinaus, dass das regulatorische Umfeld einer spezifischen Unglückssituation erheblichen Einfluss darauf hat, wie Finanzm?rkte reagieren. Die Reaktionen der Marktteilnehmer weisen darauf hin, dass die unterschiedlichen Berechnungsgrundlagen für die Opferentsch?digung recht klar erkannt werden.

---

The role of aviation laws and legal liability in airplane accidents: A financial market perspective

Summary  Legal liability claims against airlines and airplane manufacturers following an aviation disaster are determined through a myriad of international treaties, intercarrier agreements, and federal and state laws. Which law applies in a specific situation depends on various circumstances surrounding the accident. As a result, pecuniary and non-pecuniary damage awards for the families of the accident victims may vary substantially from case to case. Using U.S. data, our study examines how aviation disasters affect the short and long-term performance of airlines and airplane manufacturers and explores the factors that drive the performance differences. While prior research has largely focused on brand name effects and rising insurance premiums as possible determinants of stock price losses, our results suggest that the regulatory environment that applies to a given aviation accident has a significant impact on how the market reacts to its announcement. Inequities in the valuation of a human life are clearly reflected in stock price reactions. While recent regime changes have helped eliminate some of these imbalances further reform may be necessary.

     

Employee stress litigation: The UK experience

This paper considers the extent to which stress-induced illness can be regarded as a personal injury that could give rise to civil action for damages against employers in the UK. It outlines the results of a brief survey of personal injury solicitors, which indicates that claims are already being initiated by employees who allege they have suffered a stress-induced illness. The potential for claims within industrial tribunal cases that have already been decided is also examined. Consideration is given to the hurdles that litigants will have to surmount, such as proving that their condition was in fact caused by some feature of their working conditions, showing that it was foreseeable that they would suffer a stress-based injury, and demonstrating that their employer was in some way at fault. This leads to a questioning of what employers can do to protect themselves from such claims, or at least defend them successfully. The paper points out that success is likely to depend heavily upon the quality of expert medical opinion, and also upon policy conditions that may influence those adjudicating on such cases. It is concluded that the cost of losing claims may be significant, and that employees who ignore the warning signs do so at their peril.     

A Further Examination of Cumulative Prospect Theory Parameterizations

Recent experimental studies have focused on fitting parameterized functional forms to cumulative prospect theory's weighting function. This paper examines the behavioral implications of the functional forms and the estimated parameters. We find that none of the parameterizations can simultaneously account for gambling on unlikely gains and the Allais paradox behavior or other strong choice patterns from experiments. Parameter estimates that lead to reasonable amounts of insurance and gambling behavior tend to also generate large risk premia. Taken as a whole, the analysis suggests that the functional forms proposed in the literature are not suitable for generalization to applied settings.     

Gender differences in expected compensation for earnings uncertainty and skewness in business and education

Using data measuring the labor market expectations of college seniors and juniors, who major in business and education, this paper examines gender differences in expected compensation for earnings uncertainty and skewness. Ordinary least squares regressions indicate gender differences in uncertainty and skewness in business. Estimates of expected beginning salaries indicate higher uncertainty and skewness coefficients for women compared to men. This could reflect a greater degree of risk aversion by women in business or their plans to engage in part-time work shortly after graduation. Later salary estimates indicate lower uncertainty and skewness coefficients for women. Student error in estimating these salaries may be the cause of these results. They may also reflect the plans of women in business to devote more time to the labor market later in their careers.