Danish home care policy and the family: implications for the United States

This paper provides an overview of reforms in Danish long-term care initiated in the early 1980s, describes the relationship between elder care in Denmark and the family, and considers implications for U.S. policy. The success of Denmark's community-based experimentation with new models of home care and housing for the elderly resulted in a national decision to eliminate new construction of nursing homes and increase access to publicly funded home care. Lingering concern that the provision of paid assistance for the elderly could undermine family structure is allayed by the findings of a recent survey: Three-fourths of the elderly report seeing their children on a weekly or more frequent basis. Findings from the Danish experience provide evidence that community-based services can aid family caregivers, enable the frail elderly to live in the setting of their choice, and be cost-effective from a public policy perspective.     

Planned change in the disability community

Planned change with people, who are physically or mentally disabled, as with other special populations, requires a range of skills and knowledge; several specific aspects of the change process are identified and discussed in this article: the characteristics of the change agent, the timing of the change event, and creating a vision for change. These aspects are illustrated through the writer's own experiences as a change agent working a long-range change event to improve access1 to mental health services in the US with and for people who are deaf and hard of hearing.     

Confession Magazines

Abstract

The results of this survey underscore the controversy surrounding the elimination of OCLC's Serials Control Subsystem. The survey evoked responses more numerous and fervent than I anticipated when the project began. As might be expected, those libraries that used the system more extensively and checked in the higher number of formats on SCS were most likely to describe the impact of SCS's elimination as serious. Most of the respondents expected that their immediate choice for a new serials control system would be permanent. As one respondent commented, “…librarians cannot afford to be switching serials control systems every few years.” Among libraries using the Serials Control Subsystem, approximately one-third chose to switch to OCLC's SC350, but no alternative serials system emerged as the second choice.     

Culinary Magazines

Abstract

Marvel Comics, along with rival DC Comics, is one of the two powerhouses of the comic book industry and has been for many decades. The company was founded in 1939 by pulp magazine publisher Martin Goodman. Goodman owned various publishing houses responsible for a variety of pulp titles, including Marvel Science Stories. In 1939, a colleague persuaded Goodman that comic books were the upcoming trend in periodical publishing, so Good-man launched a book called Marvel Comics. Issue no. 1 contained a story by Bill Everett about the Sub-Mariner, as well as the first appearance of the Human Torch. Both characters quickly became leading draws of the Golden Age of comics. Soon after, Goodman hired writer Joe Simon and artist Jack Kirby, who were to become giants in the industry. Simon and Kirby created Captain America, a character who remains a comics icon even today. In those early days, Goodman also hired another future legend: writer Stan Lee, who happened to be Good-man's nephew.

Goodman's comic company was known officially as Timely Comics, Inc., then later as Atlas Publishing. The firm did not change its name to Marvel until the early 1960s. Timely benefitted from the comics boom of the early 1940s, but interest in super-hero stories waned later in the decade. Atlas briefly revived its super-hero line-up in 1954, but the company spent most of the next decade publishing romance, western, horror, and humor comics.1 1. Les Daniels, Marvel: Five Decades of the World's Greatest Comics (NY: Abrams, 1991), pp. 17–23, 26–36, 40–61.¹     

Tabloids

Abstract

Comic books and libraries do not seem to get along, at least not in North American libraries. Aside from a few dozen specialized, noncirculating research collections, retrospective comic book holdings remain virtually unknown as a library resource.1 Browsing collections of current comic books are equally rare in public, school, and college libraries. In a 1984 article, comic book bibliographer Randall Scott observed, “In most communities, if you want to read or refer to a comic book, you have to buy it.” Librarian Doug Highsmith concurred, writing in 1992 that public libraries carrying the latest issues of popular comics titles are “still the exception rather than the rule.” Both statements remain fundamentally true today.     

EARLY EVIDENCE ON RECREATIONAL MARIJUANA LEGALIZATION AND TRAFFIC FATALITIES

Over the last few years, marijuana has become legally available for recreational use to roughly a quarter of Americans. Policy makers have long expressed concerns about the substantial external costs of alcohol, and similar costs could come with the liberalization of marijuana policy. Indeed, the fraction of fatal accidents in which at least one driver tested positive for tetrahydrocannabinol has increased nationwide by an average of 10% from 2013 to 2016. For Colorado and Washington, both of which legalized marijuana in 2014, these increases were 92% and 28%, respectively. However, identifying a causal effect is difficult due to the presence of significant confounding factors. We test for a causal effect of marijuana legalization on traffic fatalities in Colorado and Washington with a synthetic control approach using records on fatal traffic accidents from 2000 to 2016. We find the synthetic control groups saw similar changes in marijuana-related, alcohol-related, and overall traffic fatality rates despite not legalizing recreational marijuana. (JEL K42, I12, I18)     

Sample Splitting and Threshold Estimation

Threshold models have a wide variety of applications in economics. Direct applications include models of separating and multiple equilibria. Other applications include empirical sample splitting when the sample split is based on a continuously‐distributed variable such as firm size. In addition, threshold models may be used as a parsimonious strategy for nonparametric function estimation. For example, the threshold autoregressive model (TAR) is popular in the nonlinear time series literature. Threshold models also emerge as special cases of more complex statistical frameworks, such as mixture models, switching models, Markov switching models, and smooth transition threshold models. It may be important to understand the statistical properties of threshold models as a preliminary step in the development of statistical tools to handle these more complicated structures. Despite the large number of potential applications, the statistical theory of threshold estimation is undeveloped. It is known that threshold estimates are super‐consistent, but a distribution theory useful for testing and inference has yet to be provided. This paper develops a statistical theory for threshold estimation in the regression context. We allow for either cross‐section or time series observations. Least squares estimation of the regression parameters is considered. An asymptotic distribution theory for the regression estimates (the threshold and the regression slopes) is developed. It is found that the distribution of the threshold estimate is nonstandard. A method to construct asymptotic confidence intervals is developed by inverting the likelihood ratio statistic. It is shown that this yields asymptotically conservative confidence regions. Monte Carlo simulations are presented to assess the accuracy of the asymptotic approximations. The empirical relevance of the theory is illustrated through an application to the multiple equilibria growth model of Durlauf and Johnson (1995).     

Waning vigilance and the disposition effect: Evidence from Thailand on individual investor decision making

We argue that existing explanations for the stock-market investor's disposition to “ride losers too long” are unsatisfactory because they abstract from any role for information processing. We propose instead that the disposition effect is a special case of “waning vigilance:” investors pay less attention to new information and analysis when making decisions about loss makers and are therefore slower to sell them when arguments in favor of holding cease to be valid. Results from a Thai individual investor survey are presented as empirical evidence in support of the hypothesis that vigilance is reduced following losses.