Credit Unions and the Supply of Insurance to Low Income Households

Abstract ** :  Credit unions are typically viewed as financial intermediaries that differ from commercial banks only in terms of their institutional structure. This ignores their historical development as mutual self‐help societies. The distinctive feature of a credit union is taken in this paper to be the provision of insurance – membership gives access to credit in the event of a negative income shock. Banks do not provide such loans because of the low credit worthiness of such borrowers. The application of the model to those credit unions designated as low‐income in the US allows them to be broken up into distinct types .     

Structural adjustment programmes and human well‐being

This paper provides a primer on structural adjustment programmes (SAPs) anticipating that a deeper understanding of these policies enables home economists to influence the global trend for SAPs that is profoundly impacting human well‐being. It addresses the issue of what SAPs are (their intended and actual impact on family well‐being), provides five reasons why home economists should care about SAPs and tenders seven ideas for what we can do, as professionals, to mitigate the negative impact of SAPs on familial well‐being and human security.     

Understanding consumers’ moral consciousness

The issue driving this paper is ‘Why don’t people, in their consumer role, have a well developed moral conscience?’ To address this compelling question, the paper explores the moral consciousness of consumption behaviour (or lack thereof). The first part of the paper provides brief overviews of: (1) moral consciousness applied to consumption, (2) the essence of morality and ethics, (3) four facets of the field of ethics, (4) two moral development models, and (5) the affective domain of learning. The intent is to prepare the reader for a discussion of an approach to understanding the moral consciousness of consumption that integrates particular concepts drawn from the theory of ethics and morality with the moral development models and the affective domain of learning.     

Using social and consumer values to predict market‐place behaviour: questions of congruency

Social values and consumption values, although intricately linked, are not exactly the same. Nonetheless, marketers contend that the central premise of social value monitoring is that, if one understands people’s values, one can better predict how they will behave in the market‐place. This paper challenges this assumption because policy analysts and industries are relying on both the consumer and social value profiles at a time when society and the market‐place are undergoing a profound transition. Using Canada as a case study, the general societal values of consumers identified by pollsters are discussed relative to nine consumer values espoused by marketers. This comparative analysis suggests that many of Canadians’ alleged consumer values seem to be in direct conflict with their espoused social values. This conclusion implies that the validity of using social values as a proxy variable or predictor for consumer values needs to be examined by researchers and policy analysts. Also, future dialogue needs to occur about adhering to the convention of monitoring social and consumer values using public opinion polls while not marrying this process with public judgement dialogues. Finally, other countries are urged to examine the situation in their market‐place so as to facilitate cross‐cultural comparative analysis of consumer market‐place values.     

A Long History of FOMC Voting Behavior

We devise and apply a method for estimating monetary policy reaction functions for individual members of the Federal Open Market Committee (FOMC) of the Federal Reserve. Our method uses members' votes on the monetary policy directive in FOMC meetings as the key source of data on individual preferences. The analysis provides a ranking by preference for ease for 84 FOMC members who served during the 1966-1996 period.     

Home economists’ perceptions of international development

Little is known about home economists’ perceptions of international development (ID). This paper offers some insights about this issue gained from an interpretative, thematic analysis of a very small sample of participants who attended the 1996 International Federation of Home Economics Congress. The analysis suggests inconsistencies in how home economists understand ID and what is seen to constitute ID activities, a lack of consensus about the meaning of development work, a lack of certainty about the difference between criticism and critique and concern for the imposition of western ideology on southern countries. Seven themes for future research are offered to help gain a better understanding of how home economists perceive ID including: (1) the role of participatory action research, critical theory, science and critical reflective practice in ID; (2) meanings attached to the concepts of international, development and economic growth; (3) the necessity of positioning an ID philosophy in practice, curricula, research and policy; and (4) perceptions of what constitutes development activities at home and abroad.