Old Habits Die Hard? Lingering Son Preference in an Era of Normalizing Sex Ratios at Birth in South Korea

South Korea was among the first countries to report both an abnormally high sex ratio at birth (SRB) and its subsequent normalization. We examine the role of son preference in driving fertility intentions during a period of declining SRB and consider the contribution of individual characteristics and broader social context to explaining changes in intentions. We employ data from the National Survey on Fertility, Family Health and Welfare that span 1991–2012. We find that reported son preference declined to a great extent but remained substantial by the end of the observation period, and that the intention to have a third child still differed by sex of existing children. Change in individual-level factors does not explain the decline in son preference, suggesting that broad social changes were also important. This study provides a better understanding of how son preference evolves in the post-transitional context of very low fertility.     

Factors influencing resubstantiation of child neglect in South Korea: A comparison with other maltreatment cases

While a high prevalence of child neglect cases has been reported by Child Protective Services (CPS) in Western countries, child neglect cases reported to South Korea's Child Protection Agency (CPA) present different trends than those in Western countries. Nevertheless, child neglect is an understudied area within child welfare. Thus, a need exists to investigate the unique characteristics of child neglect cases substantiated by the CPA in Korea. This study investigates the unique characteristics of child neglect cases and examines how factors associated with the resubstantiation of these cases differ from those of other maltreatment cases. Using CPA administrative data, we employed a multilevel discrete‐time hazard analysis to analyze the risk and protective factors associated with the resubstantiation of child neglect cases and compared the results with other maltreatment cases. In both cases, younger children, perpetrators with alcohol problems, families receiving welfare, and months of agency operation were associated with resubstantiation. For child neglect cases, the provision of child and parent services, and CPAs located in metropolitan area were protective factors that reduced the risk of resubstantiation. The finding in this study highlights the need to expand the provision of services to child neglect cases to prevent resubstantiation.     

Disclosures and Asset Returns

Public information in financial markets often arrives through the disclosures of interested parties who have a material interest in the reactions of the market to the new information. When the strategic interaction between the sender and the receiver is formalized as a disclosure game with verifiable reports, equilibrium prices can be given a simple characterization in terms of the concatenation of binomial pricing trees. There are a number of empirical implications. The theory predicts that the return variance following a poor disclosed outcome is higher than it would have been if the disclosed outcome were good. Also, when investors are risk averse, this leads to negative serial correlation of asset returns. Other points of contact with the empirical literature are discussed.