Noninformative priors for the between-group variance in the unbalanced one-way random effects model with heterogeneous error variances

For the unbalanced one-way random effects model with heterogeneous error variances, we propose the non-informative priors for the between-group variance and develop the first- and second-order matching priors. It turns out that the second-order matching priors do not exist and the reference prior and Jeffreys prior do not satisfy a first-order matching criterion. We also show that the first-order matching prior meets the frequentist target coverage probabilities much better than the Jeffreys prior and reference prior through simulation study, and the Bayesian credible intervals based on the matching prior and reference prior give shorter intervals than the existing confidence intervals by examples.     

Financial Intermediation Modernization in Countries with Transition Economy

During the modern phase of economic reforms directed at the establishment of market economy, many countries with transition economies face the challenge of solving the issue of formation and rational usage of internal sources of financing the real sector of the economy, as well as attracting considerable volume of direct foreign investment. In general, financial market imperfections hold back innovation and growth, and that public policy can complement financial markets. Therefore, the most relevant issue at the present time is the formation of attendant and complex supervision institutions, as well as an exigency of innovative economy governance as mainframe principles for further banking system elaboration and financial sector development in general. We have taken Armenia as a case study for transition economy as far as Armenia is currently in the stage of capital market development through integration into international financial markets.      

‘The house belongs to both’: undoing the gendered division of housework

This article studies 28 dual-income Spanish childless couples who were undoing gender in routine domestic work. We understand ‘undoing gender’ as defined by Deutsch [(2007). Undoing gender. Gender & Society, 21, 106–127, p. 122]: ‘social interactions that reduce gender difference’. The dual-earner couples came from different socio-economic backgrounds and were interviewed in four different Spanish towns in 2011. The analysis shows that resources in a wide sense, time availability, external help, ideas about fairness, and complex gender attitudes are key interdependent factors that can weave together to form different configurations leading to a non-mainstream division of housework. All configurations were based on principles of gender equality: some couples found it fair to have a 50/50 division of domestic work, others a 50/50 division of all work (paid and unpaid); and a third group showed conflicts in practice. These couples’ ways of undoing gender illustrate the external, individual, and couple circumstances under which spouses are able to achieve a non-traditional construction of unpaid work.     

Objective Bayesian inference for the ratio of the scale parameters of two Weibull distributions

The Weibull distribution is widely used due to its versatility and relative simplicity. In our paper, the non informative priors for the ratio of the scale parameters of two Weibull models are provided. The asymptotic matching of coverage probabilities of Bayesian credible intervals is considered, with the corresponding frequentist coverage probabilities. We developed the various priors for the ratio of two scale parameters using the following matching criteria: quantile matching, matching of distribution function, highest posterior density matching, and inversion of test statistics. One particular prior, which meets all the matching criteria, is found. Next, we derive the reference priors for groups of ordering. We see that all the reference priors satisfy a first-order matching criterion and that the one-at-a-time reference prior is a second-order matching prior. A simulation study is performed and an example given.     

DOES TELEVISION ENTRY DECREASE THE NUMBER OF MOVIE THEATERS?

This paper empirically examines the impact of competition in the television (TV) industry on the number of movie theaters, their attendance, and their box office revenues. Studies of firm entry usually focus on the impact of regulation on economic outcomes within an industry, thereby neglecting its impact on neighboring industries. Using changes in regulation in the Spanish local TV station industry, we estimate the impact of TV entry on the movie theater industry between 1993 and 2005. Our findings show that local TV entry decreased the number of theaters and screens in a province, as well as movie attendance and box office revenues. (JEL L11, L43, L82)     

What is Happening with Quality of Life Among the Oldest People in Southern European Countries? An Empirical Approach Based on the SHARE Data

Population aging in developed countries has created new challenges to improve the well-being of individuals at different age cohorts. This issue is especially significant for Southern European countries, were aging societies have worse health and less socio-economic resources. The aim of this study is to contribute to this body of literature and to estimate the effect of aging on quality of life of oldest people. This paper uses the latest available data (6th wave) from the Survey on Health, Ageing and Retirement in Europe (SHARE). Specifically, robust ordinary least squares and multilevel regressions are employed to analyse the effects of socioeconomic, health, and community factors on quality of life among the oldest population for Southern European countries. Our findings confirm the significance of several factors on life satisfaction among the oldest population in this group of countries. Moreover, we show that the determinants which are correlated with quality of life include predisposing, health, geographic area and social isolation factors.     

How does Conflict in Migrants’ Country of Origin Affect Remittance‐Sending? Financial Priorities and Transnational Obligations Among Somalis and Pakistanis in Norway

This article examines how conflict in the country of origin interacts with other factors in shaping migrants’ remittance‐sending practices. Our data come from a survey of 10 immigrant groups in Norway and semi‐structured interviews with Somali and Pakistani remittance‐senders and receivers. First, we conduct an in‐depth comparison to explore the differences in how Somali and Pakistani migrants decide about remittance‐sending. Second, we use survey data on all 10 migrant groups to evaluate whether the differences that are not explained by socioeconomic characteristics, may partly reflect whether or not there is ongoing conflict in the country of origin. In our analyses we differentiate between (1) the effect of migrants’capacity to remit and their prioritizing of local and transnational expenditures, and (2) the impact of state collapse and absence of human security on migrants’ and refugees’desire to remit. We find that ongoing conflict in the country of origin exerts an upward pressure on remittance‐sending.     

Residential mobility and the spatial dispersion of personal networks: Effects on social support

Using a representative national sample of personal networks, this article explores how the spatial dispersion of networks, residential mobility and social support are linked. Three issues will be addressed here. Firstly, how is the spatial dispersion of personal networks related to individuals’ social characteristics, network composition and residential mobility? Secondly, how do the spatial dispersion of networks, residential mobility and their combined effect influence the number and (thirdly) the structure of emotional support ties? Results showed that the extent of the support was affected neither by the geographical distribution of the networks nor by residential mobility. Living far from one's birthplace, however, exerted two distinct, and opposite effects on the support network structure. On the one hand, mobility led to high spatial dispersion of personal contacts, which in turn favored a sparsely knit network centered around the mobile individual. On the other hand, by controlling for the effect of distance between the contacts, we found that individuals that cited long-distance ties tended to be part of more transitive support networks than those that cited local ties. We interpreted the latter effect as evidence that transitive ties may survive greater spatial distances than intransitive ones. These findings are discussed in view of spatial mobility and social network research.