Mixture inverse Gaussian for unobserved heterogeneity in the autoregressive conditional duration model

In this paper, we assume that the duration of a process has two different intrinsic components or phases which are independent. The first is the time it takes for a trade to be initiated in the market (for example, the time during which agents obtain knowledge about the market in which they are operating and accumulate information, which is coherent with Brownian motion) and the second is the subsequent time required for the trade to develop into a complete duration. Of course, if the first time is zero then the trade is initiated immediately and no initial knowledge is required. If we assume a specific compound Bernoulli distribution for the first time and an inverse Gaussian distribution for the second, the resulting convolution model has a mixture of an inverse Gaussian distribution with its reciprocal, which allows us to specify and test the unobserved heterogeneity in the autoregressive conditional duration (ACD) model.

Our proposals make it possible not only to capture various density shapes of the durations but also easily to accommodate the behaviour of the tail of the distribution and the non monotonic hazard function. The proposed model is easy to fit and characterizes the behaviour of the conditional durations reasonably well in terms of statistical criteria based on point and density forecasts.     

Multivariate log-Birnbaum–Saunders regression models

In this paper, we present a multivariate version of the skewed log-Birnbaum–Saunders regression model. This new family of distributions holds good properties such as marginal variables following univariate skewed log-Birnbaum–Saunders distributions, besides presenting the usual log-Birnbaum–Saunders distribution as a particular case. Furthermore, the model parameters are estimated through maximum-likelihood methods, a closed-form expression for the Fisher’s information matrix is presented, and testing hypothesis for model parameters is performed. Two real datasets are analyzed and results are discussed.     

Adaptation of the short version of the Psychological Capital Questionnaire (PCQ-12) into Spanish / Adaptación al español de la versión reducida del Cuestionario de Capital Psicológico (PCQ-12)

Psychological capital (PsyCap) has been a topic of increasing interest in the last decade. However, there is a lack of validated instruments in Spanish to map PsyCap and its consequences for individuals’ well-being. Consequently, the goal of this study is to adapt the 12-item short version of the Psychological Capital Questionnaire (PCQ-12) to the Spanish context by analysing its internal consistency and reliability, factor solution and external validity. Results indicated that the PCQ-12 exhibited good Cronbach’s alpha (.87) and omega coefficient (.93) values in a sample from a vehicle inspection company (n = 798). As expected, results also revealed that a second-order factor structure provided the best fit. Moreover, PsyCap is associated with increased job engagement (β = .579; R²_adjusted = .333), decreased job burnout (β = ?.409; R²_adjusted = .166), and lower psychological distress (β = ?.349; R²_adjusted = .121) (all p < .01), which provided additional support for using the PCQ-12 in the Spanish context. Implications for theory and practice are discussed.     

Violence against women in Spain and Cuba: The same reality,two different visions / Violencia hacia la mujer en España y Cuba: una misma realidad,dos visiones diferentes

This study aims to analyse the acceptance of gender violence in Spanish and Cuban populations. We analysed the influence of sexist beliefs and other ideologies that justify unequal gender relationships. A total of 230 men and women from Spain and 200 from Cuba participated by answering a questionnaire. The results showed the effect of participants’ gender and nationality as well as ideological variables (sexism, beliefs in a just world and codes of honour) that legitimise the status quo of gender violence. The male participants and the Cuban participants accepted violence against women more than the female participants and the Spanish participants. What is more, the results showed a pattern in the influence of the ideological variables that differed depending on the participants’ nationality. In Spain, the relationship between participants’ benevolent sexism and the justification of violence was mediated by codes of honour. In Cuba, the relationship between hostile sexism and acceptance of violence against women was mediated by beliefs in a just world.     

Influential factors in the choice of public transportation or cars as the mode of transportation in habitual commutes / Factores que influyen en la elección del transporte público o el automóvil como modo de transporte en los desplazamientos habituales

The goal of this study is to analyse the differences in attitudes towards habitual modes of transportation among users of public and private transportation. The explanatory capacity of attitudes when determining the mode choice, along with the structural and sociodemographic factors, are also verified. The study was performed in three Spanish cities with 742 participants. The results revealed that cars are better rated than public modes of transportation in the attributes associated with immediate advantages (i.e., speed and availability) and convenience. Subways are highly rated in both immediate and deferred advantages (environment, safety, cost and health). Buses are the mode rated the lowest of the three. Using logistic regression, it was verified that the variance explained by a model that includes attitudes (R² = .639) is higher than the variance explained by a model based solely on variables related to infrastructures (R² = .489). The discussion of these results includes proposals aimed at decreasing car use.     

Driven by politics: agenda setting and policy-making in Hungary 2010–2014

Studies on media and politics generally find an effect of the media on the symbolic policy agenda. Analysing data from the Hungarian Comparative Agendas Project, we demonstrate that this effect is extremely weak in the Hungarian policy-making process. We identified those issues that received greater than average coverage in the media. However, we found that in the majority of cases governmental initiatives or decisions preceded the media coverage – that is, instead of the media agenda pulling the policy agenda, the general logic is the opposite: the media are talking about the policy initiatives of the government. The ambition of the paper is twofold. First, our findings reinforce those claims in the literature that point to the many institutional and political factors affecting the media-politics nexus. This suggests that policy-making might be very different in new(er) democracies. Second, our research analyses the policy-making side of Viktor Orbán’s governance. Changes in the polity, democratic backlash and illiberal tendencies are usually the focus concerning the political changes in Hungary since 2010, but no attention has been devoted to how this type of governance is reflected in policy-making. Our paper seeks to make a contribution also in this respect.     

The importance of being mature: the effect of demographic maturation on global per capita GDP

Given that savings behaviour and worker productivity have strong life-cycle components and given that demographic profiles vary across countries, population age structure should be linked to differences in levels of economic development. In this paper, we measure the economic importance of age structure variation for the global economy. We find that demographic maturation has been associated with nearly half of the evolution of global per capita GDP since 1960. We also find that age structure differences can account for just over half of the variation in worldwide per capita GDP (i.e. the lack of sigma convergence) observed since 1960.

Ambivalent Spaces—The Emergence of a New Gay Male Norm Situated Between Notions of the Commercial and the Political in the Swedish Gay Press, 1969–1986

Within sexual geographies, sexual struggles over urban public spaces are frequently explored. Less common is research on sexual struggles within sexually shared spaces and gay spaces. The aim of the article is to examine discursive struggles of meanings of gay male identity enacted in discussions of commodification/capitalism, disclosure, and space in Swedish gay press during 1969–1986. We trace the ambivalent feelings or the emergence of a new gay male norm situated between commercialism and non-commercialism within the Swedish gay press back to the 1970s. In the article we show how a monosexualization process was taking place in both the Swedish gay press as well as within sexual spaces. We explore rhetorical struggles between two competing discursive meanings of (ideal homonormative) male homosexuality, gay culture, and space: one wider (inclusive) and one narrower (exclusive).     

The effects of teenage childbearing on adult soft skills development

Research examining impacts of teenage childbearing on economic and social outcomes have focused on completed schooling and labor force outcomes. In this paper, we examine outcomes that have remained largely unexplored, soft skills and personality. We use Add Health data to construct relevant controls for teenage mothers and explore a set of measures that proxy for what is usually deemed in economics as “non-cognitive” or “soft skill” traits. We find that teenage childbearing increases impulsivity, a trait that has been found to have negative effects on a large set of outcomes and has a negative effect on other personality traits perceived as positive, such as openness to experiences. Our results remain consistent through a set of robustness checks, and we interpret our findings to suggest that adolescence may be a sensitive period for the development of soft skills and that childbearing may interrupt this process.     

Getting to know reality and breaking stereotypes: the experience of two generations of working disabled women

This paper sets out the results of a Spanish study of the experience and meaning of work among disabled women of two generations, with three types of disability (physical, visual and hearing). Performing a socially recognised activity such as a job is a source of emotional welfare and self‐esteem. Moreover, it confers a certain social status. For the participants in this study the kind of work involved, whether productive, paid and ‘extra‐domestic’ or ‘reproductive’, unpaid and done at home, acquires different meanings, since for disabled women, sexist stereotypes – already more or less accentuated in the culture – social attitudes towards disability and personal factors introduce relevant differences, while leading to conflicts and dilemmas that these women have to solve. At any rate, their sense of responsibility in performing all types of work should be emphasised as evidence of their sense of independence and personal competence, forming a keystone in their construction of a sense of identity and social integration.