UP OR DOWN? A MALE ECONOMIST'S MANIFESTO ON THE TOILET SEAT ETIQUETTE

This paper develops an economic analysis of the toilet seat etiquette. I investigate whether there is any efficiency justification for the presumption that men should leave the toilet seat down after use. I find that the “down rule” is inefficient unless there is a large asymmetry in the inconvenience costs of shifting the position of the toilet seat across genders. I show that the “selfish” or the “status quo” rule that leaves the toilet seat in the position used dominates the down rule in a wide range of parameter spaces including the case where the inconvenience costs are the same. (JEL D7, H4)     

Segmented pathways of educational mobility: English language schools,working holidays,and divergent prospects among South Korea's global youth

Using participant‐observation and 58 in‐depth participant interviews, this study examines South Korean youth who undertake overseas English language acquisition across the Philippines, United States, New Zealand, and Australia. This research introduces a concept I call ‘segmented pathways of educational mobility’, which describes the multi‐dimensional and complex levels of stratification within regional educational mobility flows that reinforce existing class inequalities for many migrants. However, segmented pathways also reveal that while resource‐constrained youth understand that their migration choices are more limited, they seek to accrue alternative cultural resources across varied destinations to gain the experiences and credentials necessary to advance in the South Korean labour market. Despite increased opportunities for English study abroad via market liberalization, this research contends that it also produces more levels of stratification within and among youth migrants.     

MONETARY POLICY AND ENDOWMENT RISK IN A LIMITED PARTICIPATION MODEL

A limited participation model is constructed to study the risk‐sharing role of monetary policy. A fraction of households exchange money for interest‐bearing government nominal bonds in the asset market and the government injects money through open market operations. In equilibrium, money is nonneutral and monetary policy redistributes consumption across households. Without idiosyncratic endowment risk, monetary policy becomes a perfect risk‐sharing tool, but with idiosyncratic endowment risk, it is not. The Friedman rule is not optimal in general. (JEL E4, E5)     

The Use of a Modified Repertory Grid Technique for Assessing the Self-Concept of Children in Local Authority Foster Care

Dr. C. Hicks, School of Continuing Studies, University of Birmingham, P.O. Box 363, Birmingham, B15 2TT. Summary Two studies were carried out using a modified form of the repertorygrid technique to investigate the self-esteem of children inLocal Authority Care. The aim of the first study was to comparethe self-perceptions and self-esteem of Children in Local AuthorityCare with a group of matched controls. Two groups of ten subjectswere given a modified repertory grid task, which involved presentingeight pictorial elements and eight bipolar constructs, and askingthe subjects to rank order the elements according to their perceptionof each construct. The results indicated that children in Local Authority Carea) have significantly lower self-esteem scores (t=2.25, p<0.025)and b) have significantly fewer positive constructs about themselvesoverall (X²=7.07. p<0.01). The second study used a correlational design and looked at therelationship between the number of caretaker changes and self-esteem,in a single further group of eleven children in Local AuthorityCare. The same technique for assessing self-esteem was used as inStudy 1. The results showed a significant negative correlation(r=–0.638, p<0.025) suggesting that the more movesa child experiences, the lower the self-esteem is likely tobe. The results of both these studies are discussed in terms oftheir implications for Local Authority Child Care policy andfor the use of the repertory grid technique as a procedure forassessing self-esteem.