Choices at various levels of uncertainty: An experimental test of the restated diversification theorem

Our “Restated diversification theorem” (Skogh and Wu, 2005) says that risk-averse agents may pool risks efficiently without assignment of subjective probabilities to outcomes, also at genuine uncertainty. It suffices that the agents presume that they face equal risks. Here, the theorem is tested in an experiment where the probability of loss, and the information about this probability, varies. The result supports our theorem. Moreover, it tentatively supports an evolutionary theory of the insurance industry—starting with mutual pooling at uncertainty, turning into insurance priced ex ante when actuarial information is available.     

Work Trajectories of Female and Male Immigrants in Spain

This article aims to examine in depth the work trajectories of individuals over time, in order to provide a wider perspective of the employment history of immigrants compared to native people, by gender and for more than one decade (2005–2017) in Spain. We use microdata (cohort and multivariate analysis) from the Labour Force Survey and carry out a comparison for three groups: the Spanish born in Spain, the Spanish born abroad, and the non-Spanish born abroad. The results confirm that the non-Spanish born-abroad group is characterized by the existence of segmented assimilation. All foreigners suffered a loss in their work trajectories, since their employment rate in 2017 has as yet neither reached the level of the last years of the previous economic expansion nor the level of the previous cohorts at the same age.     

Turkey's Geographical Limitation: The Legal Implications of an Eventual Lifting

Being a Contracting Party to the 1951 Convention Relating to the Status of Refugees and its Protocol with geographical limitation, Turkey provides conditional refugee status, not refugee status, to persons feeling persecution as a result of events occurring outside Europe. This study focuses on the rights of conditional refugees under Turkish laws and questions whether these rights comply with or diverge from the rights of refugee under the Convention. It draws conclusions on the significance and challenging character of the identified divergences and on the changes that Turkey needs to make in its laws in case of an eventual lifting.     

ENVIRONMENTALISM,STIMULUS, AND INEQUALITY REDUCTION THROUGH INDUSTRIAL POLICY: DID CASH FOR CLUNKERS ACHIEVE THE TRIFECTA?

The 2009 American Cash for Clunkers program, which subsidized consumers who scrapped old vehicles and purchased new vehicles, was promoted by appealing to multiple constituencies. We evaluate the policy and alternatives according to its stated goals: emissions reductions, economic stimulus, and reducing inequality. We calibrate a dynamic partial equilibrium portfolio model to match consumer expenditure data from 1998 to 2011 focusing on heterogeneity across cars and trucks. We find the program generated $0.17 in environmental benefits, $0.28 in consumer surplus, and $0.31 in net discounted additional spending per subsidy dollar. Since subsidies largely went to middle-income infra-marginal consumers, the program exacerbated consumption inequality. We evaluate alternative policy designs and find no policy which simultaneously improves all outcomes. (JEL H23, L52, L92, D63)     

Strains in Sustainability Debates: Traditional Ecological Knowledge and Western Science through the Lens of Extension Agents in a Pastoral Region

Those involved in sustainability debates on developmental pathways concur in the synergistic potential of integrating traditional ecological knowledge (TEK) and Western scientific approaches. Transhumant pastoralism is a livelihood strategy adapted to spatiotemporal environmental variability in many mountainous and arid regions worldwide. This form of livelihood is based on a mobile logic that is increasingly threatened by novel lifestyles promoted from a Western mind-set and by climate change. The aim of this article is to identify and characterize the different perspectives of environmental and social issues in a pastoral region and their association with labor collaboration among extension agents, framed in an institutional action. We tackled the inquiry about viewpoints with Q methodology and related it to regional problems, alternative solutions, and future development pathways for transhumant pastoralism and landscape management in northwest Patagonia. We identified six perspectives and characterized them with their topological position in the social network. Mediating positions registered the highest network centrality of labor collaborations among agents, whereas more dominant perspectives emphasizing TEK or scientific knowledge registered intermediate centrality. There was consensus on the need for sustainable developmental options, but the emphasis on combining knowledge still needs convergent solutions.     

Immigration,opportunity, and assimilation in a technology economy

Theory and Society - We examine access to institutions and opportunity for entrepreneurs in a rising tech economy. A significant proportion of entrepreneurs and CEOs of tech firms in the American...     

The Interplay Between Adolescents' Friendships and the Exchange of Help: A Longitudinal Multiplex Social Network Study

The aim of this study was to unravel the interrelatedness of friendship and help, and to examine the characteristics of friendship and help networks. The effects of mutual versus one‐sided help relations on friendship initiation and maintenance, and vice versa, were examined. Friendship and help networks were analyzed (N = 953 students; 41 classrooms; M_age = 12.7). The results illustrate that friendship and help networks show some similarities, but only partly overlap and have distinct characteristics. Longitudinal multiplex social network analyses showed that mutual help was important for the maintenance of friendship, but not for the initiation of friendship. Further, particularly mutual friendships provided a context in which help took place. Implications of these findings are discussed.     

Depression and Anxiety Symptoms in Female Adolescents: Relations with Parental Psychopathology and Parenting Behavior

Parental psychopathology and parenting behavior are known to be related to adolescents depression and anxiety, but unique roles of mothers and fathers are not clear. Our aim was to examine the relation of maternal and paternal psychopathology, emotional support, and respect for autonomy, and their interaction to depression and anxiety symptoms in adolescents. In total, 142 female adolescents participated, together with 138 mothers and 113 fathers. Data were analyzed using latent growth curve modeling. Paternal emotional support was negatively related to adolescent baseline level of depression and anxiety symptoms. Further, we found that there was a positive association between respect for autonomy and depression symptoms in adolescents for higher levels of paternal symptoms of psychological problems.