Partner + Children = Happiness? The Effects of Partnerships and Fertility on Well‐Being

Economic and rational‐choice theories suggest that individuals form unions or have children because these decisions increase their subjective well‐being or “happiness.” We investigate this relation using within‐MZ (identical) twin pair estimates to control for unobserved factors, such as optimistic preferences, that may simultaneously affect happiness, partnerships, and fertility. Our findings, based on Danish twins aged 25–45 and 50–70 years old, include the following. (1) Currently being in a partnership has large positive effects on happiness. (2) A first child substantially increases well‐being, in analyses without controls for partnerships, and males enjoy an almost 75 percent larger happiness gain from a first‐born son than from a first‐born daughter; however, only females enjoy a happiness gain from the first‐born child with controls for partnerships. (3) Additional children beyond the first child have a negative effect on subjective well‐being for females, while there is no effect for males. (4) Ever having had children does not significantly affect the subjective well‐being of males or females aged 50–70 years.     

Expression and ambivalence over expression of negative emotion:psychometric analysis in the Women's Health Initiative

Inhibition of emotional expression has been associated with the incidence and progression of breast cancer and other chronic illnesses. Others have theorized that it may not be repression itself, but rather ambivalence over the expression of emotions that is the important health-related factor. The Women's Health Initiative (WHI), a long-term, national study focusing on disease prevention among postmenopausal women, is unique in its assessment of expression and ambivalence of negative emotion in a large study sample of multiethnic, older women. Psychological factors such as expression of negative emotion and ambivalence about expression of emotion are also determined by social patterning. The current study examined the psychometric properties of the instruments used to measure each construct and variation across race/ethnicity and age. The analysis suggests that the scales can be used with confidence in diverse ethnic and age groups. Examining ambivalence about expression of negative emotion in future longitudinal research will further elucidate its role in predicting disease incidence and recovery, both important in reducing the public health burden of chronic disease.     

Levels of Support from Children in Taiwan: Expectations versus Reality, 1965–99

Both population aging and the socioeconomic changes that often accompany it have effects on intergenerational arrangements. As a result, assessing the evolving social contract among family members is a key part of the research agenda. Studies monitoring these effects and other consequences are relatively new. Another way to gain insight is through a historical analysis that (a) traces how expectations for old‐age support have changed over recent decades for cohorts advancing through their life cycle, and (b) measures how well expectations accord with actual patterns. This article uses a series of fertility surveys in Taiwan from 1965 to the 1990s to trace expectations for coresidence among cohorts of young married women and to compare these expectations with the actual living arrangements observed in surveys of the elderly in the 1990s. The results indicate sharp shifts in expectations for each of the cohorts as they aged. These shifts reflect a response to respondents' own life course events and the changing socioeconomic environment and show large and persistent differentials by education throughout the period. These factors tend to bring expectations into fairly close concordance with the actual living arrangements observed some years later.     

Non‐Manipulable House Allocation With Rent Control

In many real‐life house allocation problems, rents are bounded from above by price ceilings imposed by a government or a local administration. This is known as rent control. Because some price equilibria may be disqualified given such restrictions, this paper proposes an alternative equilibrium concept, called rationing price equilibrium, tailored to capture the specific features of housing markets with rent control. An allocation rule that always selects a rationing price equilibrium is defined, and it is demonstrated to be constrained efficient and (group) non‐manipulable for “almost all” preference profiles. In its bounding cases, the rule reduces to a number of well‐known mechanisms from the matching literature. In this sense, the housing market with rent control investigated in this paper integrates several of the predominant matching models into a more general framework.     

Experimental Games on Networks: Underpinnings of Behavior and Equilibrium Selection

In this paper, we describe a series of laboratory experiments that implement specific examples of a general network structure. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or incomplete information about the structure of a random network. Since economic environments typically have a considerable degree of complementarity or substitutability, this framework applies to a wide variety of settings. We examine behavior and equilibrium selection. The degree of equilibrium play is striking, in particular with incomplete information. Behavior closely resembles the theoretical equilibrium whenever this is unique; when there are multiple equilibria, general features of networks, such as connectivity, clustering, and the degree of the players, help to predict informed behavior in the lab. People appear to be strongly attracted to maximizing aggregate payoffs (social efficiency), but there are forces that moderate this attraction: (1) people seem content with (in the aggregate) capturing only the lion's share of the efficient profits in exchange for reduced exposure to loss, and (2) uncertainty about the network structure makes it considerably more difficult to coordinate on a demanding, but efficient, equilibrium that is typically implemented with complete information.     

BRINGING PERSONALIZED TIES BACK IN: Their Added Value for Biotech Entrepreneurs and Venture Capitalists Interorganizational Networks

Using a unique data set collected in France among biotech entrepreneurs and their venture capital investors (VCs), we measure the added value of personal relationships at the interorganizational level. Our analyses show that when two entrepreneurs share a personal collaboration tie or a personal friendship tie with a VC investor, the probability of having an advice tie and thus exchange tacit knowledge increases significantly. We confirm the importance of this kind of social embeddedness in the biotech industry where personalized ties––as opposed to institutional and contractual relationships––at the interorganizational level had not yet been examined systematically. Our results suggest that strategies of personalization of exchanges are vital for interorganizational learning. These strategies help entrepreneurs to access resources, participate in knowledge building, and co‐orientate activities in this sector.     

A COMPARATIVE ANALYSIS OF THE NATIVITY WEALTH GAP*

We investigate the relative wealth position of immigrant households residing in Australia, Germany, and the United States. In Germany and the United States, wealth differentials stem from differences in the educational attainment and demographic characteristics of the native and immigrant populations, rather than income differentials. In contrast, the small nativity wealth gap in Australia exists because immigrants to Australia do not translate their relative educational and demographic advantage into a wealth advantage. Overall, we find substantial disparity in the economic well‐being of immigrant and native families which is largely consistent with domestic labor markets and immigration policies. (JEL F22, D31)     

Integrations,identity and conflicts: A cross-border perspective on residential relocation of Hong Kong citizens to Mainland China

This paper aims to test if traditional literature on both internal residential mobility and international migration hold up in explaining the driving forces behind the home-moving behaviours of Hong Kong residents to the Chinese Mainland, under a mixture of economic integrations, past connections along with present structural and identity differences. The multi-dimensionality of this behaviour, in comparison to other forms of residential movements in the literature, is shown as there is no single attribute, albeit all necessary conditions, sufficient enough to encourage such movement on its own. Instead, the cross-border residence is primarily a middle-class, middle-aged phenomenon, due to one’s past connections with Mainland China throughout his/her life course and the possession of financial resources insufficient to afford larger living space in Hong Kong yet enough to benefit from the remarkable living cost advantages on the other side of the border. It provides some directions for studying similar forms of residential mobility in the era of globalization when the functions of national borders have become more obscure than before. Implications from this residential behaviour are then discussed.