Life Satisfaction in Brazil: Testing the Psychometric Properties of the Satisfaction With Life Scale (SWLS) in Five Brazilian Samples

The aim of this paper was to validate the Brazilian-Portuguese version of the Satisfaction With Life Scale (SWLS), presenting evidence of its reliability and construct and criterion-related validity. A large Brazilian sample (2,180 participants), from five different populations (undergraduate and high school students, general population, elementary school teachers, and physicians), was considered. The results confirmed the single factorial structure and reliability (0.77 < Cronbach’s α < 0.88, mean α = 0.81) of the SWLS. Supporting its criterion-related validity, the SWLS correlated positively with positive affect and negatively with both negative affect and psychological distress across all five samples. The findings indicate that the Brazilian-Portuguese version of the SWLS is a valid instrument to use with diverse Brazilian samples.     

Scarring and Mortality Selection Among Civil War POWs: A Long-Term Mortality, Morbidity, and Socioeconomic Follow-Up

Debilitating events could leave either more frail or more robust survivors, depending on the extent of scarring and mortality selection. The majority of empirical analyses find more frail survivors. I find heterogeneous effects. Among severely stressed former Union Army prisoners of war (POWs), the effect that dominates 35?years after the end of the Civil War depends on age at imprisonment. Among survivors to 1900, those younger than 30 at imprisonment faced higher old-age mortality and morbidity and worse socioeconomic outcomes than non-POW and other POW controls, whereas those older than 30 at imprisonment faced a lower older-age death risk than the controls.     

ROLE‐REVERSAL CONSISTENCY: AN EXPERIMENTAL STUDY OF THE GOLDEN RULE

We report an experiment that asks whether people in a strategic situation behave according to the Golden Rule, that is, do not treat others in ways that they find disagreeable to themselves, a property that we call role‐reversal consistency. Overall, we find that over three quarters of the subjects are role‐reversal consistent. Regression analysis suggests that this finding is not driven by players maximizing their subjective expected monetary earnings given their stated beliefs about their opponents' behavior. We find that subjects' stated beliefs and actions reveal mild projection bias. (JEL C78, C91)     

On the diversity score: a copula approach

ABSTRACT

For the rating process of Collateralized Debt Obligations', Moody's suggests the Diversity Score as a measure of diversification in the collateral pool. This measure is used in Moody's Binomial Expansion Technique to infer the probability of default and thus the expected Loss in the portfolio. In this paper, we examine the appropriateness of this approach to assess the reality of defaults using a copula approach and lower tail dependence.     

Efficient Estimation of Data Combination Models by the Method of Auxiliary-to-Study Tilting (AST)

We propose a locally efficient estimator for a class of semiparametric data combination problems. A leading estimand in this class is the average treatment effect on the treated (ATT). Data combination problems are related to, but distinct from, the class of missing data problems with data missing at random (of which the average treatment effect (ATE) estimand is a special case). Our estimator also possesses a double robustness property. Our procedure may be used to efficiently estimate, among other objects, the ATT, the two-sample instrumental variables model (TSIV), counterfactual distributions, poverty maps, and semiparametric difference-in-differences. In an empirical application, we use our procedure to characterize residual Black–White wage inequality after flexibly controlling for “premarket” differences in measured cognitive achievement. Supplementary materials for this article are available online.     

The effectiveness of input control based on aggregate versus bottleneck work loads

This study compares input control based on aggregate shop loads with that based on bottleneck resource loads. Two appropriate release mechanisms are developed and compared in flow and job shops that have various levels of a bottleneck constraint. Simulation results show that both the level of bottleneck and the flow pattern influence the effectiveness of the strategies. Release based on aggregate loads works well when shop loads are balanced or when there is a bottleneck but the flow is highly structured, as in a flow shop. Release based on bottleneck loads works best when flow patterns are less structured, as in a job shop.     

Assessment of Inhalation Exposures and Potential Health Risks to the General Population that Resulted from the Collapse of the World Trade Center Towers

In the days following the collapse of the World Trade Center (WTC) towers on September 11, 2001 (9/11), the U.S. Environmental Protection Agency (EPA) initiated numerous air monitoring activities to better understand the ongoing impact of emissions from that disaster. Using these data, EPA conducted an inhalation exposure and human health risk assessment to the general population. This assessment does not address exposures and potential impacts that could have occurred to rescue workers, firefighters, and other site workers, nor does it address exposures that could have occurred in the indoor environment. Contaminants evaluated include particulate matter (PM), metals, polychlorinated biphenyls, dioxins, asbestos, volatile organic compounds, particle-bound polycyclic aromatic hydrocarbons, silica, and synthetic vitreous fibers (SVFs). This evaluation yielded three principal findings. (1) Persons exposed to extremely high levels of ambient PM and its components, SVFs, and other contaminants during the collapse of the WTC towers, and for several hours afterward, were likely to be at risk for acute and potentially chronic respiratory effects. (2) Available data suggest that contaminant concentrations within and near ground zero (GZ) remained significantly elevated above background levels for a few days after 9/11. Because only limited data on these critical few days were available, exposures and potential health impacts could not be evaluated with certainty for this time period. (3) Except for inhalation exposures that may have occurred on 9/11 and a few days afterward, the ambient air concentration data suggest that persons in the general population were unlikely to suffer short-term or long-term adverse health effects caused by inhalation exposures. While this analysis by EPA evaluated the potential for health impacts based on measured air concentrations, epidemiological studies conducted by organizations other than EPA have attempted to identify actual impacts. Such studies have identified respiratory effects in worker and general populations, and developmental effects in newborns whose mothers were near GZ on 9/11 or shortly thereafter. While researchers are not able to identify specific times and even exactly which contaminants are the cause of these effects, they have nonetheless concluded that exposure to WTC contaminants (and/or maternal stress, in the case of developmental effects) resulted in these effects, and have identified the time period including 9/11 itself and the days and few weeks afterward as a period of most concern based on high concentrations of key pollutants in the air and dust.     

A WEIGHTED RANK MEASURE OF CORRELATION

Spearman's rank correlation coefficient is not entirely suitable for measuring the correlation between two rankings in some applications because it treats all ranks equally. In 2000, Blest proposed an alternative measure of correlation that gives more importance to higher ranks but has some drawbacks. This paper proposes a weighted rank measure of correlation that weights the distance between two ranks using a linear function of those ranks, giving more importance to higher ranks than lower ones. It analyses its distribution and provides a table of critical values to test whether a given value of the coefficient is significantly different from zero. The paper also summarizes a number of applications for which the new measure is more suitable than Spearman's.     

Changing chronic disease rates and longterm declines in functional limitation among older men

Functional limitation (difficulty walking, difficulty bending, paralysis, blindness in at least one eye, or deafness in at least one ear) in the United States fell at an average annual rate of 0.6% among men aged 50 to 74 from the early twentieth century to the early 1990s. Twenty-four percent of this decline is attributable to reductions in the debilitating effects of chronic conditions, 37% is attributable to reduced rates of chronic diseases, and the remainder is unexplained. The findings have implications for theories of the impact of declining mortality rates on the health of elderly people.