Changes in Assortative Matching and Inequality in Income: Evidence for the UK*

The extent to which like-with-like marry is important for inequality as well as for the outcomes of children who result from the union. In this paper, we present evidence on changes in assortative mating and its implications for household inequality in the UK. Our approach contrasts with others in the literature in that it is consistent with an underlying model of the marriage market. We argue that a key advantage of this approach is that it creates a direct connection between changes in assortativeness in marriage and changes in the value of marriage for the various possible matches by education group. Our empirical results do not show a clear direction of change in assortativeness in the UK between the birth cohorts of 1945–54 and 1965–74. We find that changes in assortativeness pushed income inequality up slightly, but that the strong changes in education attainment across the two cohorts contributed to scale down inequality.     

Dramaturgical performances and work-leisure dynamics in rural-to-urban domestic migrations

Situated against the backdrop of the dramatic socio-economic transformation of the Chinese society that propelled mass rural-to-urban migrations, this study focused on a group of female migrant workers who worked in the city as paid live-in-caregivers. The research explored how their work and leisure lives were related to their self-perceptions, self-expressions and social interactions. A total of 18 in-depth semi-structured interviews with female migrant workers who had moved from rural areas of China to the capital city of Beijing and worked as home caregivers were conducted. By adopting Goffman’s front stage and back stage model and bridging the literature in the fields of migration, caregiving, and leisure, the study examined the experiences and personal meanings of being a migrant caregiver and the strategies and practices migrant caregivers used to present and assert themselves in the everyday life of migration.     

High-age implications of postretirement risks

The retirement world of the future is challenging because of the decline in defined benefit plans, low savings rates in the United States, increased longevity and the failure of many people to effectively plan for retirement. Drawing on a variety of studies and public opinion surveys, the authors of this article explain why a system that relies too much on people providing for themselves will have segments of the population who have inadequate retirement incomes due to a number of gaps, which pose the most risk at advanced ages. These gaps can occur because of difficulties in managing postretirement risk, acquiring inadequate savings in the first place and problematic public perceptions about retirement income risks.     

How financial information disclosure affects risk perception. Evidence from Italian investors’ behaviour

This paper investigates how different representations of financial information may be appraised in terms of complexity and usefulness, and how financial disclosure influences individuals’ risk perception. By using a consumer testing analytical approach, we run a survey on a sample of Italian investors: 254 bank customers were submitted 4 different templates, each combining a different typology of data (historical and prospective) and framing (words, numbers and charts) to indicate the same level of risk and return of four real-life financial instruments. Representation formats partially overlap with those mandated by regulators and used within the financial industry. Results show that the perceived riskiness of financial products is affected by the way information is disclosed. Perceived complexity of the financial information disclosure intensifies perception of riskiness of the product solicited. Gender, age, personal traits, behavioural biases and financial knowledge, do also play a role. Overall, given investors’ heterogeneity and behavioural biases, neither simplifying disclosure nor a ‘one-size-fits-all’ approach may be sufficient to ensure correct risk perception and to prevent unbiased investment choices.     

The residential real estate market in Italy: a spatio-temporal analysis

Quality & Quantity - Real estate market follows generally the evolution of the economic cycles. In Italy, it has been characterized by a period of expansion (2000–2006) and a period of...     

奢侈品,网购中的G点

说起网络购物,作为富客斯控股的CEO,年仅33岁的陆强强列举了一连串的数据,"根据艾瑞监测数据显示,08年上半年参加网上购物的人群已经达到1.2亿,同时根据淘宝数据显示,其注册用户规模也呈现直线上升趋势,6月份已达7200万人.     

Perceived hazardousness of child-care products and the effectiveness of safety information

Abstract

In the present study, the hazardousness of child-care products as perceived by parents of young children between o and 4 years of age was investigated. Some related factors, such as perceived likelihood of injury, perceived severity of injury, and familiarity with the product, were also studied. Perceived hazardousness is strongly related to the effectiveness of safety information. The results indicate that parents do not think of child-care products as hazardous, and they appear to be very familiar with most of the products investigated. Perceived hazardousness was found to be most strongly related to perceived likelihood of injury and somewhat less strongly to perceived severity of injury. No relationship was found between either perceived hazardousness and familiarity or between perceived hazardousness and objective accident frequencies. It was concluded from this study that, because the perceived hazardousness of child-care products is low, the effectiveness of safety information provided with these products will also be low. Recommendations for improving the effectiveness of safety information are provided.     

A longitudinal study of the characteristics, business creation process and outcome differences of Canadian female vs. male nascent entrepreneurs

This paper concerns a longitudinal study, of a random sample of nascent entrepreneurs in Canada (based on an initial screening sample of 49,763 households). We study gender differences, including number and type of gestational activities, the characteristics of the business created, and the status of the start-up effort after the 4th year of data collection. Logistic regression is used to predict the creation of an operating business from gender and other variables. Four of nine gender difference hypotheses were supported. Findings show that women who are members of a start-up team are six times more likely to achieve an operating business.