The Assessment of Research Quality in UK Universities: Peer Review or Metrics?

This paper investigates the extent to which the outcomes of the 2008 Research Assessment Exercise in the UK, determined by peer review, can be explained by a set of quantitative indicators. Three cognate units of assessment are examined in detail: business and management, economics and econometrics, and accounting and finance. The main finding is that each of the three components of research activity (namely, research output, esteem and research environment) is highly correlated with various quantitative indicators. A further finding is that the judgement of the Research Assessment Exercise panels was biased in favour of Russell Group universities. There is also evidence of bias by the economics and econometrics panel. The results support the use of quantitative indicators in the research assessment process, particularly a journal quality index. Requiring the panels to take bibliometric indicators into account should help not only to reduce the workload of panels but also to mitigate the problem of implicit bias.     

Financial capability and psychological health

Financial capability is receiving increasing interest among policy makers, who wish to reduce problem debt and welfare dependency and increase savings and general skills. We examine whether financial capability has impacts on psychological health independent of income and financial resources more generally using a nationally representative survey. Data from the British Household Panel Survey 1991-2006 are used to construct a measure of financial capability, which we relate to respondents’ psychological health using the 12-item General Health Questionnaire. Estimates from within-group panel data models indicate that financial capability has significant and substantial effects on psychological health over and above those associated with income and material wellbeing more generally. For men, having low financial capability has an effect larger than that associated with being unemployed, while for women it is similar to that of being divorced. Furthermore having low financial capability exacerbates the psychological costs associated with unemployment and divorce, while high financial capability reduces these costs.     

Family homelessness in Britain: More than just a housing issue

This article offers an analysis of family homelessness in Britain and makes suggestions for change and development in both policy and practice. In Britain, family homelessness too often has been defined solely as a housing issue. The author asserts that this approach ignores the evidence that it is a complex problem in which not only economic and political, but also personal and social, factors play significant roles. The widespread failure to recognize the broad range of needs and problems experienced by homeless families seriously limits British vision and creativity in developing potential solutions. The article sets forth a number of policy recommendations, including developing comprehensive housing and service programs for homeless families; adding an intensive service component to existing homeless-at-home programs; emphasizing homelessness prevention; better utilizing persistently vacant housing; better utilizing the private rental sector; and exchanging Britain's present national commitment to temporary accommodation for an ongoing commitment to build sufficient affordable housing. These recommendations are based on the author's experience as an Atlantic Fellow in Public Policy at the Department of Social Policy and Social Work at the University of Oxford and on her 10 years of work with homeless families in the United States.     

Pragmatics of Self- and Other-Reference in Young Children

During the first years of life, children come to understand and talk about a self separate from others. This study examined self- and other-reference and communicative intents expressed by children and parents in dyadic interaction at 14, 20 and 32 months. Research questions included whether children's early use of self- and other-reference pronouns occurred for expression of particular communicative intents, how use changed with age, and whether parent and child pragmatic expressions of self and other were similar. Results showed that children's early explicit reference to self tended to take the form of I rather than me/my/mine, and was used primarily in making statements about their intended actions, in making requests or proposals to their parents and in stating propositions about the world around them. Children during this developmental period were only beginning to refer to the present other with the pronoun you and these instances occurred primarily in making requests or proposals. Despite age-related increases in pronominal forms and intents, a small set of intents continued to provide the context for most self- and other-reference pronouns. In the communicative contexts in which they explicitly refer to self and other, children did not appear to exclusively mirror those which were observed in parental speech.     

Relating the Central and the Local

Although a number of valuable models of central‐local relationships in the nonprofit sector have been developed, particularly in relation to federal structures, there has been a tendency to assume that in any given organizational relationship central‐local structures will follow one common pattern. We argue that wider strategies are available: central dependency along one dimension may run with greater local autonomy along another. Such mixed tight‐loose structures may be of considerable importance in the “boundaryless” organizational environment of the future.     

A qualitative study investigating adolescents' understanding of aggression,bullying and violence

There is a general consistency across the research literature regarding the definition of bullying. This has filtered down into the construction of governmental and school anti-bullying policies around the world. However, research suggests that children and adolescents are failing to accurately identify cases of bullying. This in turn has implications upon the accuracy of our perception of the extent of the problem of bullying within schools. The current study aimed to investigate how 11–17 year olds understand and differentiate between terms relating to interpersonal peer aggression, violence and bullying. Fifty-seven (twenty male, thirty-seven female) participants were recruited via an opportunity sample. Participants took part in focus group interviews within which they were asked to provide a definition for a list of words relating to both traditional and cyber forms of aggression, bullying and violence. Thematic analysis revealed that the participants held a shared understanding of the terms relating to aggression, bullying and violence. Participants defined each term by describing the behaviors involved, their perception of the level of control the perpetrators of each type of negative peer interaction have and the perception of those involved. The implications of these findings for both policy and future research are discussed.     

Out-of-Sample Forecast Tests Robust to the Choice of Window Size

This article proposes new methodologies for evaluating economic models’ out-of-sample forecasting performance that are robust to the choice of the estimation window size. The methodologies involve evaluating the predictive ability of forecasting models over a wide range of window sizes. The study shows that the tests proposed in the literature may lack the power to detect predictive ability and might be subject to data snooping across different window sizes if used repeatedly. An empirical application shows the usefulness of the methodologies for evaluating exchange rate models’ forecasting ability.     

Keeping a Home: Changing Mortgage Markets and Regional Economic Distress

Abstract

In the relatively affluent post World War II period, homeownership in the United States has risen steadily to include an increasing segment of the working class. Although the extension of homeownership has helped to attenuate some of the inequalities of class and to integrate the more affluent segments of the working class into the social and political mainstream, economic and political events are threatening this historic trend. Dependent upon long term financing, homeownership has two components: keeping as well as buying a home. High and persistent rates of unemployment in old industrial areas have meant the loss of stable incomes for skilled workers, and with it, rising rates of home mortgage delinquency and foreclosure. To examine the threat to continued homeownership, this paper locates homeownership in its structural context, at the intersection of major changes in financial institutions (deregulation) as well as local economic and industrial change.

Our research suggests that regional economic difficulties are being exaccerbated by national deregulatory trends. We found that deregulation has facilitated a general movement from a local to a nonlocal mortgage market. This includes the growth and privatization of the secondary mortgage market and the repositioning of lenders in the local market. We found that delinquent homeowners with locally held and serviced mortgages were better able to negotiate forebearance with their lenders for reasons ranging from the ability to exert public pressure to the economic self-interest of local lenders. Except for FHA mortgages, delinquent homeowners with nonlocal mortgages were penalized. For blue collar workers, the loss of a home more than the loss of a job removes an important class buffer thus reversing a post World War II trend.