Measuring the economic impacts of recent oil price shocks on oil-dependent economy: evidence from Malaysia

This paper examines the economy-wide impacts of recent oil price shocks on the Malaysian economy. To achieve this objective, an integrated methodological framework that combines econometric and input–output models is utilized to assess the impacts of an oil price shock on tax revenues, employment, labor income and gross domestic product (GDP). Our results reveal that the recent oil price shocks significantly affects these macroeconomic variables. The decline in oil prices from 2015 to 2016 reduces tax revenues by 10.5%, lower GDP by 1.9% and increases the unemployment rate by 0.3%. As such, the sharp crunch in oil prices serves as a reminder to policymakers on the vulnerability inherent in overreliance on oil exports and the urgent need to diversify the economy.     

Generalized geometric distribution of order k: A flexible choice to randomize the response

This article focuses on the improvement of a well-celebrated randomized response technique of Kuk. A generalized randomized response technique is suggested. In particular, the generalized geometric distribution of order k is introduced as a randomization device for estimating the population proportion of a rare sensitive attribute. The proposed randomized response technique includes Singh and Grewal and Hussain et al. techniques as its special cases. Through numerical illustrations, it is established that the suggested technique is superior to the Kuk, Singh and Grewal, and Hussain et al. techniques. Flexibility of the proposed technique is also discussed.     

The negotiation of minority ethnic identities in virtually all-white communities: research with children and their families in the South Wales valleys

This paper draws on qualitative interviews with 19 children and nine of their parents or carers in the South Wales valleys to discuss the effect on the social identities of minority ethnic children of living in virtually all-white communities. There is discussion of minority ethnic identities, local identities and Welshness, and the paper concludes with consideration of the theoretical and policy implications of the research. Interviews with the children showed them to be using a variety of creative strategies to negotiate their identities in a challenging and highly racialised context. Diverse individual histories and family relationships interact with available minority cultural identities and local and national cultural influences. The children have to construct their own identities in the context of dominant discourses of ‘Wales’ and ‘Welshness’ and also class-based notions of what it means to come from this particular region. Some maintain minority ethnic identities with pride and for others the maintenance of a minority ethnic identity is put under extreme pressure.     

A rational approach to pricing of catastrophe insurance

A methodology for rational pricing of catastrophe insurance is described. The methodology has two components: a solvency- and stability-based pricing framework, and an engine to quantify the loss variability that drives solvency and stability. Generalization to account for contagious effects of catastrophes and multiple occurrence of peril is presented in detail.     

Measures of discrimination for latent group-based trajectory models

In clinical research, patient care decisions are often easier to make if patients are classified into a manageable number of groups based on homogeneous risk patterns. Investigators can use latent group-based trajectory modeling to estimate the posterior probabilities that an individual will be classified into a particular group of risk patterns. Although this method is increasingly used in clinical research, there is currently no measure that can be used to determine whether an individual's group assignment has a high level of discrimination. In this study, we propose a discrimination index and provide confidence intervals of the probability of the assigned group for each individual. We also propose a modified form of entropy to measure discrimination. The two proposed measures were applied to assess the group assignments of the longitudinal patterns of conduct disorders among young adolescent girls.     

La ségrégation entre hommes et femmes dans le secteur manufacturier formel indien de 1989–90 à 2000–01

Ayant calculé un indice de dissimilaritéà partir des enquêtes annuelles sur les entreprises de 1989–90 et 2000–01, les auteurs observent une atténuation de la ségrégation sexuelle dans le secteur manufacturier formel indien. Toutefois, le phénomène observé doit plus à l'évolution de la structure sectorielle de l'emploi qu'à la progression de la mixité. La mesure de l'indice est aussi sensible au degré de désagrégation des secteurs d'activité. A l'échelle nationale comme à celle des Etats, les possibilités d'emploi offertes aux femmes sont limitées et concentrées dans quelques branches traditionnelles: alimentation, tabac, textile et habillement.     

Nature’s Experiment? Handedness and Early Childhood Development

In recent years, a large body of research has investigated the various factors affecting child development and the consequent impact of child development on future educational and labor market outcomes. In this article, we contribute to this literature by investigating the effect of handedness on child development. This is an important issue given that around 10% of the world’s population is left-handed and given recent research demonstrating that child development strongly affects adult outcomes. Using a large, nationally representative sample of young children, we find that the probability of a child being left-handed is not significantly related to child health at birth, family composition, parental employment, or household income. We also find robust evidence that left-handed (and mixed-handed) children perform significantly worse in nearly all measures of development than right-handed children, with the relative disadvantage being larger for boys than girls. Importantly, these differentials cannot be explained by different socioeconomic characteristics of the household, parental attitudes, or investments in learning resources.     

Religion in the everyday lives of second‐generation Jains in Britain and the USA: resources offered by a dharma‐based South Asian religion for the construction of religious biographies,and negotiating risk and uncertainty in late modern societies

While the growth of spiritualties is associated with post‐traditional societies and the ability of individuals to engage in reflexive construction of religious biographies in late modernity, these arguments ignore various dimensions of reflexivity and processes of re‐traditionalization. In this article I explore linkages and affinity between social discourses in late modernity and a religion, with a distinctive ontology, originating in South Asia. Drawing on qualitative data, I examine processes involved in the construction of a religious self among second‐generation Jains in Britain and the USA. Living in late modern societies, young Jains have established a reflexive habitus. Such reflexivity has affinity with a neo‐orthodox tendency in Jainism that rejects the authority of ascetics and rituals while elevating one's own knowledge, discipline and insights in the construction of a Jain biography. I find that neo‐orthodox Jainism provides resources for young Jains to constantly reflect on and actively choose how to be a Jain; to enact cataphatic reflexivity in the construction of a Jain self. For some second‐generation Jains, the Jain tradition also provides resources to enact a non‐instrumental, apophatic reflexivity; a calm equanimous state that enables them to create ontological security in the face of risks and uncertainty in late modernity.     

A multivariate analysis of adverse childhood experiences and health behaviors and outcomes among college students

Objective: This study investigated associations between adverse childhood experiences (ACE) prior to age 18 years and multiple health behaviors (eg, cigarette and other substance use) and outcomes (eg, obesity, depression) for a large college sample. Participants: 2,969 college students from seven universities in the state of Georgia were included in the analysis. Methods: Web-based surveys were completed by students (45–60 minutes) during the spring semester, 2015. Results: Findings indicate that more ACEs are associated with higher levels of depressive symptoms, ADHD symptoms, cigarette use, alcohol use, marijuana use, and BMI, in addition to lower levels of fruit and vegetable intake, and sleep. Conclusion: ACEs may carry forward in the lifespan to influence a range of unhealthy outcomes among college students. College intervention programs may benefit by recognizing the pervasiveness of ACEs and their associations with health behaviors and outcomes, and include interventions across more than one health behavior.     

PREDICTING RETIREMENT SAVINGS USING SURVEY MEASURES OF EXPONENTIAL‐GROWTH BIAS AND PRESENT BIAS

In a nationally representative sample, we predict retirement savings using survey‐based elicitations of exponential‐growth bias (EGB) and present bias (PB). We find that EGB, the tendency to neglect compounding, and PB, the tendency to value the present over the future, are highly significant and economically meaningful predictors of retirement savings. These relationships hold controlling for cognitive ability, financial literacy, and a rich set of demographic controls. We address measurement error as a potential confound and explore mechanisms through which these biases may operate. Back of the envelope calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12%. (JEL D91, D14)