Economic Aspects of Loneliness in Australia

We highlight the problem of loneliness, and argue that it is not only a public health issue but also an economic problem. We provide a brief review of findings from the key literature on the associations between loneliness, mental and physical health, and healthcare costs; and then present some evidence on its trends, the extent of socioeconomic inequalities and its links with health and healthcare usage, in Australia. We hope to encourage further economics research on loneliness, and related issues of social isolation and poor social support, to aid the design of policies and interventions to reduce loneliness.     

Young Adult Volunteers: Recruitment Appeals and Other Marketing Considerations

The long‐term survival of nonprofit charitable organizations depends on the recruitment and retention of today's young adults. A segmentation strategy proposed for retirees which was consistent with previous research on volunteer motivation was found to also be relevant for the young adult market, especially if implemented with consideration of this segment's unique interests and characteristics. In addition, young adults were found to be most inclined to volunteer for organizations that were either local and personal or nationally renowned. Organizations benefiting children were also highly regarded. The higher a college student's grade point average (GPA), the more likely they were to indicate an intention of volunteering in the future. Those most likely to volunteer in the future also exhibited higher teamwork and mentoring trait scores. The young adult market was found to be multidimensional and best approached with a variety of appeals.     

CHILD MENTAL HEALTH AND EDUCATIONAL ATTAINMENT: MULTIPLE OBSERVERS AND THE MEASUREMENT ERROR PROBLEM

We examine the effect of survey measurement error on the empirical relationship between child mental health and personal and family characteristics, and between child mental health and educational progress. Our contribution is to use unique UK survey data that contain (potentially biased) assessments of each child's mental state from three observers (parent, teacher and child), together with expert (quasi‐)diagnoses, using an assumption of optimal diagnostic behaviour to adjust for reporting bias. We use three alternative restrictions to identify the effect of mental disorders on educational progress. Maternal education and mental health, family income and major adverse life events are all significant in explaining child mental health, and child mental health is found to have a large influence on educational progress. Our preferred estimate is that a one‐standard‐deviation reduction in ‘true’ latent child mental health leads to a 2‐ to 5‐month loss in educational progress. We also find a strong tendency for observers to understate the problems of older children and adolescents compared to expert diagnosis. © 2015 The Authors. Journal of Applied Econometrics published by John Wiley & Sons, Ltd.     

A predecisional approach to the measurement of the demand for information in a performance report

Accountants are concerned with what information decision makers demand to solve problems. The research reported in this paper measures the demand for information in performance reports. The measurements are obtained by a method developed by psychologists to measure the cognitive processing of information. The evidence indicates that there is a moderate but varying level of convergence among six behavioral measures of demand and that there is a low level of demand consensus. Finally, limitations and implications of the evidence are presented.     

Evaluating the newer salesperson

This article reports the results of an experiment examining the effect pattern of performance and information format have on sales managers performance appraisal.     

Corporate director liability and monitoring preferences

An important issue in the regulation of corporate behavior is its impact on the monitoring configuration selected by top management. In this article, we provide evidence consistent with the notion that the recent trend toward audit committee formation, and the movement toward Big-Eight auditors, are responses to increased legal exposure of the board of directors, notably stemming from the passage of the Foreign Corrupt Practices Act of 1977. The costs associated with changes in monitoring configurations are also considered. In particular, it is argued that auditor assistance can substantially reduce the cost of audit committee formation. Because external auditors may have differential incentives to support audit committee formation, a hypothesis linking auditor identity and audit committee formation is offered. Recent auditor changes and audit committee formations of American Stock Exchange companies are examined to provide positive evidence for the theory. The data reveal a clear trend to form audit committees, and a movement to Big-Eight auditors. Underscoring the importance of auditor involvement, it is shown that audit committees were more likely to be formed given recent selection of a new Big-Eight auditor.     

Families,migration and adjusting to disequilibrium

"Unlike the case for individual migration, education may reduce the migration of families by enhancing their ability to adjust to local disequilibrium and stay at their preferred location. Estimates of family migration probabilities in Costa Rica support this hypothesis."     

The earnings of male immigrants in England: evidence from the quarterly LFS

"In this paper we estimate earnings functions for native born and foreign born white and non-white males in the English labour market, using data from the Quarterly Labour Force Survey.... Our results highlight the importance of distinguishing between native born and foreign born males when investigating the labour market experience of ethnic minorities. Furthermore, the earnings performance amongst white immigrants varies considerably."     

Children as consumers: investigating child diary expenditure data

Abstract.  We investigate expenditure behaviour of school-aged children using child diary information contained in the British Family Expenditure Survey. The estimates from an Almost Ideal Demand System (AIDS) for child expenditure suggest that drinks, sweets, books, and toys are 'normal' goods for children, but clothes, travel, leisure and vice products are 'luxury' items with income elasticities greater than one. Being a lone-parent child and having a working mother are important factors in determining child expenditure decisions. Importantly, a higher parental budget share on any given commodity is typically associated with an increased child budget share on the same commodity.