Examining evidence of financial and credit exclusion in Canada from 1999 to 2005

Changes are occurring in the provision of consumer credit, including the expansion of subprime and some fringe financial services (e.g., payday lending). We link two existing literatures on credit constraint and financial exclusion to assess the impact of these developments on the financial circumstances of low and modest-income consumers. We develop a model that identifies observable measures of credit constraint and financial exclusion and relate them to consumer characteristics and life cycle behaviour. We estimate this model using the two latest Surveys of Financial Security for 1999 and 2005, which provide consistent evidence of credit constraint and financial exclusion through time. We find modest overlap among our measures of financial exclusion, which include a zero balance/no account, credit card refusal, and using a pawnshop. Probit regression is used to investigate the factors influencing the incidence of financial exclusion. The results are similar for 1999 and 2005 and indicate rising incidence of financial exclusion as income and wealth fall, although the relationship is nonlinear such that incidence rises much faster at very low levels of income and wealth. Our analysis also suggests potentially important links between financial literacy, formal education, asset building, and financial exclusion and credit constraint. When we combine the samples, we find statistically significant evidence of growth in the incidence of each indicator of financial exclusion when other factors are held constant. Policy implications may include the strengthening of banking regulations that affect low-income Canadians and the promotion of universal financial literacy.     

会呼吸的电池——由空气产生电力的新能源

连续供应能源的电池 近百年来,人类的科技飞速进步,不论是军事武器还是民用设旌的发展,都是一日千里,近10年来更是与日俱增.因为科技发展的快速,加上全球人口的增长,能源的使用也不断地增加. 目前最重要的能源当属石油,而世界上石油的产量几乎全控制在几个主要的产油国家,这些产油国家组成石油输出国组织,简称OPEC.     

Self-Esteem,Vocational Identity,and Career Salience in High School Students

This study used Super's (1980) life span career development theory to investigate the relations between self-esteem level, vocational identity, and career salience in high school students. Two hundred fifty-one students were randomly selected from junior classes in urban, suburban, rural, and vocational schools. Results indicated that high self-esteem students scored significantly higher than low self-esteem students on vocational identity and career salience (participation, commitment, and values expectations) in school and home or family roles, but they did not differ on work, community, or leisure roles. Implications for life span career counseling are discussed.     

Agricultural policies and human fertility: Some emerging connections

Increasing agricultural output and slowing population growth are important policy goals of many developing nations. This article explores the idea that fertility of farm families may be influenced by the policies and programs introduced in rural areas to increase agricultural output. Specifically, the article provides an initial framework for identifying the links between agricultural policy and fertility, and reviews empirical studies regarding connections between human fertility and policies designed to influence agricultural production in rural areas.     

Creatively Labeling Behavior in Individual and Group Counseling

The authors make a case for the accurate labeling of behavior at the appropriate time in the counseling process and caution against the kind of labeling of a person which results in stereotyping and counseling ineffectiveness. They present a list of seven criteria to be considered if behavior is to be accurately labeled and advocate the use of metaphors, especially in group counseling, to label certain kinds of behavior     

A generalized hierarchical model of resource allocation

This study presents a three-level, linear version of the Generalized Hierarchical Model (GHM) and demonstrates how the model can be used in allocating resources for a hypothetical university. The GHM uses a composition approach to organizational modeling. By applying the model to a rather large university planning problem, it is demonstrated that the composition approach can serve as a planning tool that may be useful in allocating resources within hierarchical organizations.