Evaluating Housing Needs and Preferences of Generation Y in Malaysia

In Malaysia, housing providers affect the planning system as housing industry constantly evolves to meet homebuyer needs. Generation Y has exhibited dissimilar housing needs compared to Generation X and Baby Boomer. Thus, housing developers seek to identify the current needs for young homebuyers to avoid experiencing unsold properties. This research aims to identify the fundamental housing needs and psychographic characteristics towards their housing preferences and future planning demands. A quantitative survey was used for collecting data and a statistical analysis was performed to evaluate research outcomes. This research will help local housing developers to understand Generation Y needs and preferences for the future housing demand.     

LABOR'S SHARE,THE FIRM'S MARKET POWER,AND TOTAL FACTOR PRODUCTIVITY

We investigate the relationship between labor's share, firm's market power, and the elasticity of output with respect to labor input using an approach based on an unobserved components model. The approach yields time‐varying estimates of market power and the elasticity. Evidence on the market power of firms (which we find to be rising since 2000) gives a deeper understanding of movements in labor's share and the labor wedge. The generated values of the elasticity yield revised estimates of total factor productivity growth which is informative about the extent of the downward bias inherent in traditional estimates which use labor's share as a proxy for the elasticity. (JEL O47, C32, E25)     

Personal Wellbeing Index in a National Cohort of 87,134 Thai Adults

Satisfaction with life correlates with other measures of subjective wellbeing and correlates predictably with individual characteristics and overall health. Social indicators and subjective wellbeing measures are necessary to evaluate a society and can be used to produce national indicators of happiness. This study therefore aims to help close the gap in wellbeing data for Thailand. The specific aims are to: (1) calculate the Thai PWI and domain scores using a large scale sample; (2) examine the level of life satisfaction of Thais when compared to international standards; (3) examine the Thai PWI and domains in relation to demographic, socioeconomic, and geographic characteristics. Our report derives from the findings on the Personal Wellbeing Index (PWI) in a large national cohort of Sukhothai Thammathirat Open University adult students living all over Thailand (n = 87,134). This Thai cohort had an overall PWI of 70.0 on a scale from 0 to 100 which is consistent with Western populations. The ‘spirituality and religion’ domain had the highest average score. ‘Standard of living’, ‘future security’ and ‘achievement in life’ made the largest contribution to overall ‘satisfaction in life as a whole’. These domains also show a positive trend with increasing age, being married, higher income, more education, more household assets, and rural residence. The PWI will be an important tool for policymakers to understand the subjective wellbeing of population groups especially as Thailand is undergoing a political and economic transition.     

Institutional rules for framing healthcare policy issues in national,financial, and specialized newspapers

By considering the role of institutional rules for news making, this study examines news frames embedded in 1162 stories from national, financial, and specialized newspapers with respect to four healthcare policy issues: “the decrease in pharmaceutical prices,” “the comprehensive medical payment system,” “swine flu,” and “humidifier-related lung disease.” Conflict, economy, crisis, and policy execution are dominant frames in stories about the policy issues, and these four frames are also major frames used by the newspapers. This phenomenon is understood as “concentration of healthcare frames.” We conducted in-depth interviews with 19 news reporters to identify institutional rules that might influence the formation of news frames. In-depth interviews revealed that similar types of frames resulted from institutional rules (e.g., journalist’s autonomy, news value, newspaper’s mission statement, and characteristics of readers). The findings suggest that health journalists follow institutional rules that govern the creation of news frames. To provide diverse perspectives on healthcare policy issues, newspapers need to reconsider their institutional rules.     

Kernel Density Estimator From Ranked Set Samples

We study kernel density estimator from the ranked set samples (RSS). In the kernel density estimator, the selection of the bandwidth gives strong influence on the resulting estimate. In this article, we consider several different choices of the bandwidth and compare their asymptotic mean integrated square errors (MISE). We also propose a plug-in estimator of the bandwidth to minimize the asymptotic MISE. We numerically compare the MISE of the proposed kernel estimator (having the plug-in bandwidth estimator) to its simple random sampling counterpart. We further propose two estimators for a symmetric distribution, and show that they outperform in MISE all other estimators not considering symmetry. We finally apply the methods in this article to analyzing the tree height data from Platt et al. (1988 Platt, W.J., Evans, G.M., Rathbun, S.L. (1988). The population dynamics of long-lived conifer (Pinus plaustris) (1988). Amer. Natrualist 131:491–525.[Crossref], [Web of Science ®] , [Google Scholar]) and Chen et al. (2003 Chen, Z., Bai, Z., Sinha, B.K. (2003). Ranked Set Sampling: Theory and Applications. New York: Springer. [Google Scholar]).     

The decomposition of regional wage differentials in Korea

This research note explains the wage differentials between the capital region and the non-capital region in Korea. It analyzes what proportions of the wage differential are due to differences in productivity-related labor characteristics and due to differences in how markets value the endowments of their workers. In a decomposition analysis, we find that approximately 26.9% of the wage differential is due to differences in productivity-related labor characteristics in the capital region. With respect to the endowments of the wage-determining characteristics, a substantial portion of the overall wage advantage of workers in the capital region can be explained by the higher average level of education. It is also found that the more detailed the occupational breakdown, the more of the wage differential that can be explained. These results suggest that the use of more detailed occupation classifications alleviates aggregation bias that may be a significant factor in coarser classification schemes.     

Predictors of Nursing Home Admission: A Social Work Perspective

Abstract

Institutionalisation of geriatric patients is a growing trend in ageing societies, such as Singapore. Earlier studies focused on the sociodemographic profile and attributes of nursing home residents and applications, but neglected to address the predictors of nursing home admission from a social work perspective. The present retrospective study identifies independent risk factors that predispose a patient to a nursing home discharge from a general rehabilitation ward in a community hospital in Singapore, with a multidisciplinary emphasis on clinical intervention. Factor analysis results reinforced findings that functional impairment and dementia are consistent predictors of nursing home admission. Multivariate logistic regression analysis showed that positive predictors of nursing home admission include older age, length of hospital stay, low socioeconomic status, dementia, and functional disability. Social work interventions include early referrals to the medical social worker, so that options for social and family support can be explored prior to deciding to place patients in a nursing home. Other interventions include suitable family therapy and counselling for patients and their families.     

Municipal Groundwater Management: Optimal Allocation and Control of a Renewable Natural Resource

We study a municipal groundwater management problem to determine optimal allocation and control policies in the presence of water transfer opportunities. We establish and characterize threshold polices governing export or import decisions of a given municipality. In the spirit of the Triple Bottom Line (3BL), we ascertain that exporting (importing) water through a water market defined by an exogenous export/import price is detrimental (beneficial) to both society and the environment within the municipality. In contrast, fixed quantity trading between two municipalities defined by an endogenously negotiated export/import price can have positive as well as negative impacts from a global 3BL perspective. In particular, typical trading scenarios that occur between municipalities can be detrimental to the environment. We also study the implications of privatization, and find that a privatized municipality would be more (less) likely to export (import) water as compared to its non‐privatized counterpart, resulting in negative implications for society within the municipality. However, if exports are banned, privatization can benefit the environment by mitigating the damage caused by the extraction differential, a phenomenon analogous to the green paradox. Moreover, careful and restricted privatization of municipalities can lead to positive global 3BL impacts from fixed quantity trading.