Mobility,Stagnation, or Attrition? Diverse Earning Trajectories in a Cohort of Foreign‐born Men

Researchers and policymakers frequently debate about the integration of immigrants into the US economy. These debates are often based on limited data that do not capture the diversity of immigrants who arrived in the later twentieth century. Related research has also struggled to incorporate the experience of short‐term immigrants or immigrants who move in and out of the labor force. Using records from the Social Security Administration, we track the complete cohort of foreign‐born men who received social security numbers in 1978 through their subsequent working years and characterize their earning trajectories. We find that the share of foreign‐born men with low earnings declined over time, mainly due to attrition from the formal labor force. We also show, for the first time, that immigrants’ employment and earning histories vary considerably by their countries of origin: while those from several countries in Asia and Africa experienced substantial earnings growth and tended to stay in the United States for the long term, men from Central America and the Caribbean experienced more stagnation and had high levels of temporary and permanent attrition from the formal labor force. We end by discussing the historical contingencies and socioeconomic contexts—in sending countries and the United States—that shaped these trajectories.     

The Overlooked Side of the Experience: Personal Growth and Quality of Life Among Grandparents of Children Who Survived Cancer

This study adopted the theoretical framework of Schaefer and Moos (1992) to identify the resources that contributed to the personal growth and quality of life of 56 grandparents of childhood cancer survivors and compare them with 60 grandparents of healthy children. Participants filled out questionnaires addressing sense of coherence, social support, personal growth, and quality of life. A significant difference was found only with regards to personal growth. Hierarchical regressions revealed that health, economic status, higher levels of sense of coherence, and support contributed to quality of life, whereas being a grandparent of a child who survived cancer, lower sense of coherence, support, and past experience of the Holocaust contributed to personal growth. It seems that though they are both positive dimensions, quality of life and personal growth represent different entities in grandparents’ lives. This study sheds light on the experiences and perspectives of grandparents, indicating that alongside the physical and emotional toll taken by their grandchild’s illness, there are also positive implications that can lead to personal growth. Strengthening grandparents could enable families to take advantage of the potential contribution of one of the most committed support providers in the family.     

Returns on Lifetime Investments in Children in Egypt

Parental expectations about the companionship and assistance they will receive in later life from their children are key considerations in family formation decisions. We explore patterns of parents’ investment and the support and contact they receive from adult children in Egypt, where fertility is falling and sources of support at all life stages are in flux. Using data from a survey of older adults in Ismailia governorate, we consider parents’ past investments in childbearing, child survival, and children’s education and marriage, as well as recent assistance to adult children via housing, care for grandchildren, gifts, and money. The returns from children considered include economic assistance, instrumental support, and visits. Most parental investments are associated with frequent visits from children. The assistance children provide to parents is gendered: sons tend to provide economic transfers, whereas daughters tend to provide instrumental help. A greater number of surviving children is most strongly associated with parents’ receipt of multiple types of later-life returns. Investments in children’s education and marriage are not associated with assistance, but recent assistance to children—especially economic transfers and provision of housing—is associated with receiving instrumental assistance from adult children.     

Pitfalls of Self-management in the Kibbutz

This article traces and analyzes the changes that have occurred in the self-managed Kibbutz communities and in their industrial organization. It primarily examines changes concerned with self-management and democracy in the community and the Kibbutz economy, and analyzes their direction. The article raises the question whether a self-managed democratic community is able to remain as such at a time when the national economy, public support and the collective ideology are all weakened. Even though the Kibbutz community is not self-managed now as it was in the past, it still retains representative democracy, as well as some direct democracy, and presents a unique way of managing its industrial, agricultural and social organizations, which enables the Kibbutz community to adhere to some, if not all, of its basic values.     

The Demand for Bank Reserves and Other Monetary Aggregates

The article starts with Haslag's (1998) model of the bank's demand for reserves and reformulates it with a cash-in-advance approach for both financial intermediary and consumer. This gives a demand for a base of cash plus reserves that is not sensitive to who gets the inflation tax transfer. It extends the model to formulate a demand for demand deposits, yielding an M 1-type demand, and then includes exchange credit, yielding an M 2-type demand. Based on the comparative statics of the model, it provides an interpretation of the evidence on monetary aggregates. This explanation relies on the nominal interest as well as technology factors of the banking sector.     

Parental transfer of financial knowledge and later credit outcomes among low- and moderate-income homeowners

It is well established that acquiring financial skills during childhood is linked with better savings in adulthood. Little is known, however, about the relationship between parental teaching of money management early in life and children's financial outcomes in adulthood. This is particularly true for low- and moderate-income (LMI) households. Using data from Community Advantage Program survey data for 2,389 LMI homeowners, we find that adults who report receiving high levels of money-management teaching in childhood from their parents are associated with higher credit scores and lower credit card debt in adulthood. We also find that the level of parental financial teaching influences the relationship between children's later educational attainment and credit scores. These findings suggest implications for initiatives promoting financial capability for parents and children.     

Total least squares and bootstrapping with applications in calibration

The solution to the errors-in-variables problem computed through total least squares is highly nonlinear. Because of this, many statistical procedures for constructing confidence intervals and testing hypotheses cannot be applied. One possible solution to this dilemma is bootstrapping. A nonparametric bootstrap technique could fail. Here, the proper nonparametric bootstrap procedure is provided and its correctness is proved. On the other hand, a residual bootstrap is not valid and suitable in this case. The results are illustrated through a simulation study. An application of this approach to calibration data is presented.