Parents’ income and children’s school drop-out at 16 in England and Wales: evidence from the 1970 British Cohort Study

This paper investigates the effect of parents’ income on children’s drop-out from school at age 16 using data from the 1970 British Cohort Study (BCS70). Unlike previous papers using the same data set, we use a continuous measure of income derived from the grouped income variable available in the BCS70, we employ instrumental variable techniques to address the issue of endogeneity of family income and take account of the potential endogeneity of income response with respect to a child’s education by jointly modelling the school drop-out decision and response to the family income question. Our estimates show the exogeneity of response to the income question with a child’s education and are in line with the previous literature finding a statistically significant small negative effect of family income on school drop-out at 16. On the contrary, other non-pecuniary parental effects, such as parental education and social class, turn out to be both significant and of a sizeable magnitude. Early versions of this paper benefited from presentations at the University of Warwick, the ZEW Summer Workshop 2002 on Human Capital, the European Society for Population Economics 2002 Conference and the European Economic Association 2002 Conference and comments by Martin Andrews, Lorenzo Cappellari, Charlotte Lauer, Derek Leslie, Jeremy Smith, Mark Stewart, and two anonymous referees. The BCS70 data were kindly provided by, and used with permission of, the UK Data Archive (UKDA, University of Essex). Funding from the ESRC is gratefully acknowledged. The usual disclaimer applies.     

Identifying the Quality of Work by Fuzzy Sets Theory: A Comparison Between Disabled and Non-disabled Workers

The paper assesses the quality of work of people with and without disabilities in Italy using the ISFOL PLUS (Participation, Labour, Unemployment, Survey 2010 Questionnaire, where the data refer to 2009. In particular, we develop a multidimensional indicator of quality of work within the fuzzy set theory. The results of the investigation show a different mechanism of determinants of quality of work for disabled and non-disabled people: while for these last ones seniority seem to highly contribute to the score of quality of work, institutional factors, like Law 68/99, whose aim is the regulation and promotion of the employment of persons with disabilities, appear to play a bigger role in the determination of the score for quality of work for disabled people. For medium and high levels of score of quality of work, education appears to play a similar role for disabled and non-disabled people, as the incidence of people with high quality jobs corresponds to people with a high level of education. However, for disabled people who are in low quality jobs the level of education appears to be irrelevant. Substantial differences emerge with respect to gender among disabled people, where women appear to be in higher quality of work scores than men; no substantial difference between genders emerges for non-disabled people.     

Multidimensional Poverty Among Older People in Five Latin American Countries

Social Indicators Research - This paper offers an updated picture of the nature of deprivation in old age in Latin America, as well as an analysis of its different dimensions. Based on harmonized...     

Indicators for European Union Policies. Business as Usual?

This paper looks at the role of statistics-based knowledge in the making of EU policy. We highlight shortcomings in the use of statistical indicators made in the course of the Lisbon strategy, ended in 2010. In our opinion the shortcomings are: (i) The paradox of the coexistence within the same European Commission of two holistic frameworks: the Structural Indicators and the Sustainable Development Indicators. One does not understand which of these two systems is taken to measure the overall policy performance of the European Union. (ii) A communication issue whereby the Lisbon strategy and its offspring EU 2020 are not communicated (Lisbon is to the average citizen the capital of Portugal) and are especially not communicated in relation to existing statistical indicators of good quality, against the opinion of academicians that transparency and accountability based on sound statistics favour democracy and participation. We illustrate the reasons that lead us to see these points as problematic and offer suggestions on how these should be tackled in line with the practices developed in the Open Method of Coordination. The danger is that in the absence of a debate on the issue, these shortcomings be perpetuated in the EU 2020 strategy.     

The sovereign crisis and Italy’s potential output

We evaluate the effects of the European sovereign crisis on Italian potential output (natural output, in the absence of nominal rigidities) by simulating a New Keynesian model. Our results are as follows. First, the 2011–2013 recession subtracted 1.6 percentage points from potential output growth and widened the output gap. Second, the 2013 reforms limited the reduction in output capacity to 1.4 points and enhanced long-run growth by 3. Third, once a balanced budget is achieved in the medium term, reductions in either labor or capital income taxes would boost potential output growth by 0.2 points per year.     

Business visits,knowledge diffusion and productivity

We investigate whether labor mobility can be a distinct source of growth by studying the productivity impact of business visits (BVs), vis-à-vis that of other well-known drivers of productivity enhancement. Our analysis uses an unbalanced panel—covering on average 16 sectors per year in ten countries during the period 1998–2011—which combines unique and novel data on BVs sourced from the US National Business Travel Association with Organization for Economic Cooperation and Development (OECD) data on R&D and capital formation. We find that mobility through BVs is an effective mechanism to improve productivity, being about half that obtained by investing in R&D. This relevant finding invites viewing short-term mobility as a strategic mechanism and prospective policy tool to overcome productivity slowdowns and foster economic growth.     

Measuring the Behavioural Component of the S&P 500 and its Relationship to Financial Stress and Aggregated Earnings Surprises

Scholars in management and economics have shown increasing interest in isolating the behavioural dimension of market evolution. Indeed, by improving forecast accuracy and precision, this exercise would certainly help firms to anticipate economic fluctuations, thus leading to more profitable business and investment strategies. Yet, how to extract the behavioural component from real market data remains an open question. By using monthly data on the returns of the constituents of the S&P 500 index, we propose a Bayesian methodology to measure the extent to which market data conform to what is predicted by prospect theory (the behavioural perspective), relative to the (standard) subjective expected utility theory baseline. We document a significant behavioural component that reaches its peaks during recession periods and is correlated to measures of financial volatility, market sentiment and financial stress with expected sign. Moreover, the behavioural component decreases around macroeconomic corporate earnings news, while it reacts positively to the number of surprising announcements.     

Socio-educational work in at-risk contexts and professional reflexivity: the multi-vision group of “Maestri di Strada”

ABSTRACT

The Association ‘Maestri di Strada’ (MdS) undertakes socio-educational interventions to promote the well-being of young people in the ‘high-risk’ suburbs of Naples. The socio-educational work is not a mere ‘technical-rational’ activity and it relies on the use of ‘self’, which is not an unlimited resource. MdS places great emphasis upon reflexivity after the action and adopts the ‘Multi-Vision Group’ (MVG), which is a modified Balint group, as a support mechanism for its staff. Before trainees begin working, they attend the MVGs, observe them, and provide narrative accounts of the process. In this study, 61 reports prepared by the trainees during an academic year underwent a textual analysis. The aim was to evaluate the reflexive function of the group and the results indicate that, within the MVG, the practitioners express emotions, doubts, and difficulties linked to the job and its high-risk contexts. They show both self-awareness and awareness of the importance of the team, thinking as a community in a cooperative way. These are features related to reflexivity, which is recognised as being crucial for practice; the process of observation and recording also has a high educational importance for the trainees and social work students.     

Temporal Dynamics Linking Aspects of Parent Monitoring with Early Adolescent Antisocial Behavior

This longitudinal study examined the covariation between parents' use of control and solicitation, youth willingness to self-disclose to parents, and youth antisocial behavior from ages 13 to 14. Structural equation analyses were conducted on a combined sample of Italian (N  =  152) and French Canadian (N  =  151) adolescents. Analyses tested for longitudinal cross-lagged effects while controlling for stability and all concurrent associations. Although bivariate correlations showed consistent associations among these constructs, both concurrently and over one year, SEM results revealed virtually no cross-lagged effects, after controlling for concurrent associations and stability. These findings suggest that the actual causal effects of parenting and youth behavior may best be conceptualized as occurring in the moment, rather than over extended periods of time. Results also showed that parental control and solicitation demonstrated very different associations with youth antisocial behavior, and should therefore be considered separately for research and prevention.     

The Efficiency of the Italian Judicial System: A Two Stage Data Envelopment Analysis Approach

Social Indicators Research - During the last two decades there was great attention for improved performance in the public sector. We know how important a good judicial system is: it...