Economic Stress,Emotional Quality of Life,and Problem Behavior in Chinese Adolescents with and without Economic Disadvantage

The relationships between perceived economic stress (current economic hardship and future economic worry) and emotional quality of life (existential well-being, life satisfaction, self-esteem, sense of mastery, psychological morbidity) as well as problem behavior (substance abuse and delinquency) were examined in 1519 Chinese adolescents with and without economic disadvantage. Results showed that perceived economic stress was related to emotional quality of life as well as problem behavior in adolescents and the relationships were generally stronger in adolescents with economic disadvantage than in adolescents without economic disadvantage. Adolescents with higher levels of emotional quality of life displayed lower levels of adolescent problem behavior. Finally, adolescents with economic disadvantage displayed higher levels of current economic hardship and future economic worry than did adolescents without economic disadvantage.     

A Longitudinal Study of Chinese Cultural Beliefs About Adversity,Psychological Well-Being,Delinquency And Substance Abuse in Chinese Adolescents With Economic Disadvantage

This longitudinal study examines the relationships between Chinese cultural beliefs about adversity and psychological well-being and problem behavior in 199 Chinese adolescents with economic disadvantage. Results showed that endorsement of Chinese cultural beliefs about adversity was concurrently related to measures of adolescent psychological well-being (existential well-being, mastery, life satisfaction, self-esteem and general psychiatric morbidity) and problem behavior (substance abuse and delinquency) at Time 1 and Time 2. Partial correlation and multiple regression analyses showed that while Chinese beliefs about adversity at Time 1 predicted changes in developmental outcomes at Time 2 (except self-esteem), developmental outcome variables at Time 1 did not predict changes in endorsement of Chinese cultural beliefs about adversity at Time 2. The present findings suggest that identification with Chinese cultural beliefs about adversity is an important factor that influences the psychosocial adjustment of Chinese adolescents experiencing economic disadvantage.     

Labor Markets’ Institutional Properties And Distributive Justice In Modern Society: A Comparative Empirical Analysis

The paper’s main argument is that the rates of distributive injustice in industrial societies are significantly influenced by labor markets’ institutional properties. Markets characterized by institutional properties that heavily favor capital at the expense of labor are expected to produce more distributive injustice - as well as more income inequality – than others. In particular, distributive injustice is expected to be inversely linked with labor’s institutional power in economy and society. The paper intends to make a contribution to institutional analyses of distributive justice and related social problems such as income inequality in modern societies.     

Residential patterns of parents and their married children in contemporary China: A life course approach

This paper examines the residential pattern of parents and their married children in contemporary China. Using the China Health and Nutrition Survey (1991, 1993, 1997), the analysis shows that the residential pattern of parents and their married children is not a static phenomenon, but changes over the life span. The analysis provides evidence that parental residence often responds to changed circumstances over the life course, adjusting to the need of married children as well as that of their parents. It is found that childcare needs, death of one parent, and health status of parents all play important roles in transitions in parental residence.     

Are More Alternatives Better for Decision-Makers? A Note on the Role of Decision Cost

While the traditional economic wisdom believes that an individual will become better off by being given a larger opportunity set to choose from, in this paper we question this belief and build a formal theoretical model that introduces decision costs into the rational decision process. We show, under some reasonable conditions, that a larger feasible set may actually lower an individual’s level of satisfaction. This provides a solid economic underpinning for the Simon prediction.     

Willingness to Pay for Risk Reduction and Risk Aversion without the Expected Utility Assumption

By means of minimal assumptions on the individual preferences, I show that the Willingness To Pay (WTP) for both a FSD and SSD reduction of risk is the sum of a mean effect, a pure risk effect and a wealth effect. As a result, the WTP of a risk-averse decision maker may be lower than the WTP of a risk-neutral one, for a large class of individual preferences’ representation and a large class of risks.     

On Decomposing Net Final Values: Eva,Sva and Shadow Project

A decomposition model of Net Final Values (NFV), named Systemic Value Added (SVA), is proposed for decision-making purposes, based on a systemic approach introduced in Magni [Magni, C. A. (2003), Bulletin of Economic Research 55(2), 149–176; Magni, C. A. (2004) Economic Modelling 21, 595–617]. The model translates the notion of excess profit giving formal expression to a counterfactual alternative available to the decision maker. Relations with other decomposition models are studied, among which Stewart’s [Stewart, G.B. (1991), The Quest for Value: The EVA™ Management Guide, Harper Collins, Publishers Inc]. The index here introduced differs from Stewart’s Economic Value Added (EVA) in that it rests on a different interpretation of the notion of excess profit and is formally connected with the EVA model by means of a shadow project. The SVA is formally and conceptually threefold, in that it is economic, financial, accounting-flavoured. Some results are offered, providing sufficient and necessary conditions for decomposing NFV. Relations between a project’s SVA and its shadow project’s EVA are shown, all results of Pressacco and Stucchi [Pressacco, F. and Stucchi, P. (1997), Rivista di Matematica per le Scienze Economiche e Sociali 20, 165–185] are proved by making use of the systemic approach and the shadow counterparts of those results are also shown.     

Reliability and Validity of the Pathological Gambling Adaptation of the Yale-Brown Obsessive-Compulsive Scale (PG-YBOCS)

The Yale Brown Obsessive Compulsive Scale adapted for Pathological Gambling (PG-YBOCS) was developed to measure the severity and change in severity of pathological gambling symptoms. The PG-YBOCS is a 10-item clinician-administered questionnaire that measures the severity of PG over a recent time interval (usually within the past one/two week(s)). In order to assess and validate the scale, it was administered to 337 subjects: 188 pathological gamblers and 149 healthy controls. Internal consistency and correlations between individual items and total score were assessed for various permutations of the sample. Other scales were administered to assess convergent, discriminant and content validity. Sensitivity to change was evaluated in treatment studies with fluovoxamine, lithium, and valproate. Each item was frequently endorsed across a range of severity. Good inter-rater reliability and internal consistency were obtained. The PG-YBOCS showed high validity and reliability for total score, item-total correlations, and for each subscale (Thoughts/Urges and Behavior). PG-YBOCS scores correlated with global severity and South Oaks Gambling Screen (SOGS) scores. The scale was also sensitive to change in pathological gambling severity. PG-YBOCS thus appears to be a reliable and valid measure of pathological gambling severity, and can be regarded as an important tool for clinicians and researchers treating pathological gamblers.     

Alcohol’s Effects on Video Lottery Terminal (VLT) Play Among Probable Pathological and Non-Pathological Gamblers

This study tested whether alcohol increases behaviors associated with video lottery terminal (VLT) play, particularly among probable pathological gamblers. Forty-four regular VLT players were designated either probable pathological gamblers or non-pathological gamblers on the basis of scores on the South Oaks Gambling Screen (SOGS); [Lesieur & Blume (1997). American Journal of Psychiatry, 144, 1184–1188] Gamblers from each SOGS category were randomly assigned to either a moderately intoxicating alcohol dose or a control beverage condition (n = 11 per cell in the 2 × 2 between-subjects design). Following beverage consumption and absorption, participants played a video poker VLT game for up to 30 minutes. Four behaviors were measured: “power-bets” (doubling bet after viewing only two cards of the five-card poker hand); total money spent; mean bet magnitude; and number of minutes played. Alcohol increased time spent playing and rate of power-bets, particular among the probable pathological gamblers. Post hoc analyses revealed that alcohol also influenced the proportion of losing hands played––increasing them among the probable pathological gamblers while decreasing them among the non-pathological gamblers. Clinical and policy implications of the findings are discussed.