Does parents’ valuation of children’s health mimic their valuation of own health?

A single latent variable model of health status and therapeutic health care utilization is estimated for parents and own children of 6,557 US households. The equation system that identifies latent health status simultaneously determines a number of indicators of general health, including presence of morbidity symptoms, mobility limitations, medication needs, and utilization of therapeutic health care services. The main goal of the paper was to obtain an unbiased estimate of parents’ marginal substitution rate between own and child health. Results indicate that parents’ valuation of their children’s health exceeds their valuation of own health by almost twofold on average.

A longitudinal analysis of the impact of health shocks on the wealth of elders

We investigate the impact of health shocks on wealth, using all four waves of the Health and Retirement Study, and estimate not only the short-term effect but also the long-term effect of health shocks on wealth of the elderly. We find that new health events lower wealth in elders during the period in which such health shocks occur, but the impact tends to disappear over time. We also find that health shocks result in greater wealth depletion when they occur later in life. Together with existing health problems, the overall impact of health problems on wealth increases over time.

Nonmarket networks among migrants: evidence from metropolitan Bangkok,Thailand

This paper examines the nonmarket interactions among migrants in the urban labor market of Bangkok, Thailand. We test whether the population size and the labor-market performance of previous migrants have externalities to new migrants who have moved from the same province of origin. Our empirical results, which control origin fixed effects, time fixed effects, and origin- and year-specific correlated shocks, show that (1) the relative population size of previous migrants in the market decreases the employment probability of new migrants (substitution effect), (2) the employment probability of previous migrants increases that of new migrants (positive externalities), and (3) when the employment probability of previous migrants is high, however, the scale effect becomes positive, which demonstrates a threshold in the informational scale economies. The results imply that positive informational scale effect dominates negative substitution effect when the efficiency of previous migrants is sufficiently high in the destination labor market.

Age at marriage and marital instability: revisiting the Becker–Landes–Michael hypothesis

An early age at first marriage is known to be associated with a high risk of divorce. Yet, it has been suggested that beyond a certain point, the relationship between age at marriage and marital instability may become positive because as unmarried women begin to hear their biological clock tick, they may settle for matches far from the optimal. Analyses based on cycles 5 and 6 of the National Surveys of Family Growth show that the relationship between age at marriage and marital instability is strongly negative up to the late 20s, with a flattening of the curve thereafter.

The importance of being mature: the effect of demographic maturation on global per capita GDP

Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper, we measure the economic importance of age structure variation for the global economy. We find that demographic maturation has been associated with nearly half of the evolution of global per capita GDP since 1960. We also find that age structure differences can account for just over half of the variation in worldwide per capita GDP (i.e. the lack of sigma convergence) observed since 1960.

Education and survival: Birth cohort,period, and age effects

Previous studies have found that educational differences in mortality are weaker among the elderly. In this study I examine whether either cohort or period effects may have influenced the interpretation of age effects. Six 10-year birth cohorts are followed over 30 years through decennial censuses. Differential survival is inferred from changes in the relative proportions of a cohort in each education category as the cohort ages. In cross-section, younger persons generally show stronger education effects on survival, although this pattern is clearer for women than for men. There is evidence of period effects. Within cohorts, relative survival tends to increase with age.     

“Which One Is Yours?”: Children and Ethnography

This paper explores roles that children play in ethnographic research. Based on the limited literature on children in the field, and drawing on examples from ethnographies across disciplines, I identify four roles for children: 1) as “wedges,” or as instrumentally important in helping adult ethnographers gain access in various ways; 2) as collaborators; 3) as objects of study; and 4) as subjects of study. I also discuss the ways in which these roles illuminate key methodological issues in ethnography, like reflexivity, ethics, and agency. The paper synthesizes and integrates previously disconnected research on the presence of children in the field with ethnographies in which children and childhood are the topics of research. I draw on my own fieldwork experiences for further illustration.

$${\mathcal{Q}}$$-anonymous social welfare relations on infinite utility streams

This paper studies a class of social welfare relations (SWRs) on the set of infinite utility streams. In particular, we examine the SWRs satisfying -Anonymity, an impartiality axiom stronger than Finite Anonymity, as well as Strong Pareto and a certain equity axiom. First, we characterize the extension of the generalized Lorenz SWR by combining -Anonymity with Strong Pareto and Pigou–Dalton Equity. Second, we replace Pigou–Dalton Equity with Hammond Equity for characterizing the extended leximin SWR. Third, we give an alternative characterization of the extended utilitarian SWR by substituting Incremental Equity for Pigou–Dalton Equity.     

The NIP graph of a social welfare function

We consider the fraction of pairs of m distinct alternatives on which a social welfare function f may be nondictatorially independent and Pareto when the domain of f satisfies the free k-tuple property. When k = 4 we improve the existing upper bound to . When there are at least 26 alternatives and we obtain an original upper bound, . To obtain these results we define and analyze the graph formed from the nondictatorial independent and Pareto pairs and combine the results of this analysis with known results from extremal graph theory. The authors extend special thanks to the two reviewers and the editor for their comments.     

Minimal covering set solutions

We study necessary and sufficient conditions for a multi-valued solution S to be rationalized in the following sense: there exists a complete asymmetric relation T (a tournament) such that, for each feasible (finite) set, the solution set of S coincides with the minimal covering set of T restricted to that feasible set. Our characterization result relies only on properties relating S across feasible choice sets.