Are “daddy’s boys” just as rich as daddy? The transmission of values between generations

The influence of parents’ savings behaviour on that of their children has often been remarked. This paper attempts to explain this “poids d’Anchise” via a unique French dataset collected by DELTA and TNS-Sofres in 2002 (Pat€r survey), which contains both savings and subjective information for two or three generations of the same family. Parents’ and children’s risk and discounting preferences are significantly positively intergenerationally correlated. The correlation coefficients are around 0.25, so that the two preferences are nonetheless far from identical. In addition, the elasticity of children’s wealth with respect to that of their parents is around 0.22. This correlation is corrected for the influence of age on wealth, and concerns only co-existing generations, that is before the most significant intergenerational transfers have taken place. The analysis of the raw correlations with a series of explanatory variables reveals that over 40 % of this elasticity can be explained by the permanent incomes of the two generations. Each of education and preferences separately account for about 20 %, and previous intergenerational transfers for about 13 %. When permanent income is controlled for, the contribution of savings preferences is around 13 %. The transmission of preferences therefore plays a non-negligible role in the intergenerational transmission of wealth inequalities, but is far from being the most important factor.     

Development and Validation of a Scale for the Measurement of Adolescents’ Developmental Assets in the Neighborhood

The aim of this study was to develop a valid and reliable instrument to assess features of a neighborhood that are relevant to the development and adjustment of adolescents. First, a scale was created from a literature review. Second, the content validity of this scale was validated through expert opinion. Finally, the scale was administered to a sample population for analysis of its psychometric properties. The sample consisted of 2,400 adolescents (1,068 boys and 1,332 girls) between ages 12 and 17 who were secondary students in public and private schools in Western Andalusia. The results demonstrate the adequacy of the psychometric properties of the constructed scale.     

Contextualising institutional complementarity. How long‐term unemployment depends on employment protection legislation,active labour market policies and the economic climate

This study investigated if and how active labour market policies (ALMPs) and employment protection interact with each other in light of long‐term unemployment reduction. We argue that how well the interaction between both labour market institutions reduces long‐term unemployment depends on the level of economic growth. To improve analytical clarity, two types of ALMPs were differentiated, namely training and employment programmes. Using data on 20 European countries over 16 years, our results suggest that employment protection moderates the relationship between employment programmes and long‐term unemployment. The combination of high spending on employment programmes and less strict employment protection is associated with less long‐term unemployment. This moderation effect is stronger during an economic downturn. A moderation effect from employment protection on the relationship between training programmes and long‐term unemployment was not found, even when the economic climate was taken into account as a contextual factor.     

Automatic odor prediction for electronic nose

An electronic nose (e-nose), or artificial olfaction, is a device that analyzes the air to quantify odor concentration using an array of gas sensors. This equipment is a monitoring tool for industrial firms. There is a shortage of an algorithm to address odor prediction challenges in an automatic fashion. These challenges include unreliable data transfer due to sensor malfunction or missing data due to anomalies in mobile data connection. Providing such an algorithm avoids human intervention in data handling, and elevates electronic nose towards smart nose. We address these challenges by proposing a data validation and data imputation method combined with a robust odor prediction machinery. Our proposed algorithm is successfully implemented on the e-nose equipment and is serving the industry currently.     

Psychometric properties of an adapted version of the parental sense of competence (PSOC) scale for Portuguese at‐risk parents

Parental sense of competence is one of the central dimensions targeted on psychosocial interventions aimed at supporting at‐risk families. Researchers and practitioners need reliable instruments to assess the parental role adapted for these families. Although the parental sense of competence (PSOC) scale has been frequently used to assess this construct, there is still no adapted version for Portuguese parents. In this study, the reliability, validity and factor structure of the PSOC scale is examined with a clinical sample of 146 mothers from at‐risk families receiving psychosocial interventions for family preservation from Child Protective Services. Results show that the Portuguese version of the PSOC measures three distinct constructs with acceptable psychometric properties: efficacy, dissatisfaction and controllability. As expected, the obtained factors were significantly and positively related to parenting alliance and family cohesion, and negatively associated with parenting stress. In sum, the proposed Portuguese version shows reliability and validity evidences to measure three relevant dimensions of parental self‐evaluation, and it constitutes a cost‐ and time‐effective instrument suited for at‐risk mothers.     

Street trees in Paris are sensitive to spring and autumn precipitation and recent climate changes

Urban Ecosystems - Determining the main factors causing urban tree decline is becoming essential for sustaining their health and survival. Understanding responses of tree growth to urban...     

The Influence of Preference Information on Equivalent Income

Equivalent income (EI) has been proposed as an interesting measure for well-being. It summarizes the achievement in terms of different dimensions of well-being into one indicator while explicitly taking into account individual preferences over these dimensions. Acquiring the necessary information on these individual preferences over the dimensions of well-being is not an easy task, though. One way is to derive them from subjective well-being (SWB) information. The most often used SWB question is satisfaction with life. In this article we calculate EI based on preferences derived from three often used SWB questions: satisfaction with life, happiness and the extent to which individuals consider what they do in life as valuable. Then we analyse the profile of the worst off according to the measures. The results show that the achievements in terms of the dimensions of well-being matters more for the EI calculations than the preferences. When analyzing the worst off, it is shown that the profile of the individuals considered as badly off by each of the equivalent income measures differs.     

Autoregressive Moving Average Infinite Hidden Markov-Switching Models

Markov-switching models are usually specified under the assumption that all the parameters change when a regime switch occurs. Relaxing this hypothesis and being able to detect which parameters evolve over time is relevant for interpreting the changes in the dynamics of the series, for specifying models parsimoniously, and may be helpful in forecasting. We propose the class of sticky infinite hidden Markov-switching autoregressive moving average models, in which we disentangle the break dynamics of the mean and the variance parameters. In this class, the number of regimes is possibly infinite and is determined when estimating the model, thus avoiding the need to set this number by a model choice criterion. We develop a new Markov chain Monte Carlo estimation method that solves the path dependence issue due to the moving average component. Empirical results on macroeconomic series illustrate that the proposed class of models dominates the model with fixed parameters in terms of point and density forecasts.     

The Influence of Attitude to Money on Individuals’ Financial Well-Being

Social Indicators Research - Using the quarterly data of the United Kingdom (UK) for the period from 1975Q1 to 2016Q1, the paper analyses the dynamic and the asymmetric responses of inequality to...