Suicide as an indicator of quality of life: evidence from dialysis patients

Quality of life has been measured in many different ways for patients with chronic medical conditions. What is unique about the approach used here is that it uses suicide rates as a relatively objective measure of quality of life within the population of dialysis patients. Using a Heckman selection model, we estimate the relative suicide rates across patients undergoing both hemodialysis and peritoneal dialysis. Our empirical results show that patients on hemodialysis have relatively lower suicide rates after controlling for other factors. Specifically, our results indicate that 141 fewer suicides will occur for every 1,000 patients shifted from peritoneal to hemodialysis. Prior estimates of the higher costs of the latter modality yield an estimated expenditure of $42,043 per suicide avoided.     

Welfare policy and the transformation of social security in South Africa

Social security is based on the belief that all citizens should be protected by the state against the main vicissitudes of life: old age, unemployment, disability and sickness. The success of welfare programmes internationally in improving poverty, income distribution and unemployment is appraised. Income maintenance in South Africa, which is discriminatory and ineffective in meeting real human needs, is examined. Although welfare should not promote dependence, neither should it be so hard to come by as to punish the poor.     

Ethics Gap: Comparing Marketers with Consumers on Important Determinants of Ethical Decision-Making

Studies in marketing ethics often revealed that ethical gaps do exist between marketers and other groups in society. The existence of these ethical gaps could be extremely counterproductive for marketing management. In order to effectively narrow these gaps, a marketing manager must first have a better understanding of causes of these gaps. To this end, this study compares marketing professionals with consumers on some important determinants of the ethical decision-making process. In particular, the marketers and consumers were compared with respect to their personal moral philosophies and ethical perceptions in marketing situations. The data were obtained from a national survey of the practitioner members of the American Marketing Association and members of a consumer panel of a major southern university in the United States. The results generally indicate that marketing professionals are different from consumers with respect to some of the determinants of ethical decisions investigated. Some important managerial implications based on these findings were discussed.     

On the efficiency of stock-based compensation

When the market can observe the profitability of all projectswith equal precision, then with stock compensation (i) the weighton any given project in managerial compensation is independentof the marginal productivity of effort in the project; (ii)the projects that are the noisiest indicators of managerialeffort receive the most weight in compensation; and (iii) investorshave the greatest incentive to collect information about projectsthat are the noisiest indicators of managerial effort.     

The current status of microcomputer usage in the marketing programs of AACSB-accredited colleges and universities

This paper presents the results of a comprehensive survey of microcomputer usage in marketing education today. This status report indicates that AACSB-accredited universities are making considerable progress in integrating microcomputers into their marketing programs.