WorldWideScience

Sample records for racial wealth gap

  1. Racial gaps in child health insurance coverage in four South American countries: the role of wealth, human capital, and other household characteristics.

    Science.gov (United States)

    Wehby, George L; Murray, Jeffrey C; McCarthy, Ann Marie; Castilla, Eduardo E

    2011-12-01

    OBJECTIVE. To evaluate the extent of racial gaps in child health insurance coverage in South America and study the contribution of wealth, human capital, and other household characteristics to accounting for racial disparities in insurance coverage. DATA SOURCES/STUDY SETTING. Primary data collected between 2005 and 2006 in 30 pediatric practices in Argentina, Brazil, Ecuador, and Chile. DESIGN. Country-specific regression models are used to assess differences in insurance coverage by race. A decomposition model is used to quantify the extent to which wealth, human capital, and other household characteristics account for racial disparities in insurance coverage. DATA COLLECTION/EXTRACTION METHODS. In-person interviews were conducted with the mothers of 2,365 children. PRINCIPAL FINDINGS. The majority of children have no insurance coverage except in Chile. Large racial disparities in insurance coverage are observed. Household wealth is the single most important household-level factor accounting for racial disparities in coverage and is significantly and positively associated with coverage, followed by maternal education and employment/occupational status. Geographic differences account for the largest part of racial disparities in insurance coverage in Argentina and Ecuador. CONCLUSIONS. Increasing the coverage of children in less affluent families is important for reducing racial gaps in health insurance coverage in the study countries. © Health Research and Educational Trust.

  2. Explaining the Gender Wealth Gap

    Science.gov (United States)

    Ruel, Erin; Hauser, Robert M.

    2013-01-01

    To assess and explain the United States’ gender wealth gap, we use the Wisconsin Longitudinal Study to examine wealth accumulated by a single cohort over 50 years by gender, by marital status, and limited to the respondents who are their family’s best financial reporters. We find large gender wealth gaps between currently married men and women, and never-married men and women. The never-married accumulate less wealth than the currently married, and there is a marital disruption cost to wealth accumulation. The status-attainment model shows the most power in explaining gender wealth gaps between these groups explaining about one-third to one-half of the gap, followed by the human-capital explanation. In other words, a lifetime of lower earnings for women translates into greatly reduced wealth accumulation. A gender wealth gap remains between married men and women after controlling for the full model that we speculate may be related to gender differences in investment strategies and selection effects. PMID:23264038

  3. Gender Wealth Gap in Slovakia

    NARCIS (Netherlands)

    S.K. Trommlerová (Sofia Karina)

    2017-01-01

    markdownabstractNo data on wealth has been available in Slovakia prior to Household Finance and Consumption Survey. Therefore, only studies on labor market participation and wage gender gaps are available to date. These studies indicate that Slovak women earn on average 25% less than men.

  4. Children Associate Racial Groups with Wealth: Evidence from South Africa

    Science.gov (United States)

    Olson, Kristina R.; Shutts, Kristin; Kinzler, Katherine D.; Weisman, Kara G.

    2012-01-01

    Group-based social hierarchies exist in nearly every society, yet little is known about whether children understand that they exist. The present studies investigated whether 3- to 10-year-old children (N = 84) in South Africa associate higher status racial groups with higher levels of wealth, one indicator of social status. Children matched higher…

  5. Wealth, wages and wedlock : Explaining the college gender gap reversal

    NARCIS (Netherlands)

    Reijnders, Laurie

    2018-01-01

    We study the role of changes in the wage structure and expectations about marriage in explaining the college gender gap reversal. With strongly diminishing marginal utility of wealth and in the presence of a gender wage gap, single women have a greater incentive than single men to invest in

  6. Health-Wealth Association among Older Americans: Racial and Ethnic Differences

    Science.gov (United States)

    Lum, Terry

    2004-01-01

    Using five-year longitudinal data from the AHEAD survey, this study investigated the direction of association between health and wealth among elderly people. In particular, it focused on how this association varied across racial and ethnic groups. The study found that there was a significant nonmonotonic association between health and wealth and…

  7. Do wealth disparities contribute to health disparities within racial/ethnic groups?

    Science.gov (United States)

    Pollack, Craig Evan; Cubbin, Catherine; Sania, Ayesha; Hayward, Mark; Vallone, Donna; Flaherty, Brian; Braveman, Paula A

    2013-05-01

    Though wide disparities in wealth have been documented across racial/ethnic groups, it is largely unknown whether differences in wealth are associated with health disparities within racial/ethnic groups. Data from the Survey of Consumer Finances (2004, ages 25-64) and the Health and Retirement Survey (2004, ages 50+), containing a wide range of assets and debts variables, were used to calculate net worth (a standard measure of wealth). Among non-Hispanic black, Hispanic and non-Hispanic white populations, we tested whether wealth was associated with self-reported poor/fair health status after accounting for income and education. Except among the younger Hispanic population, net worth was significantly associated with poor/fair health status within each racial/ethnic group in both data sets. Adding net worth attenuated the association between education and poor/fair health (in all racial/ethnic groups) and between income and poor/fair health (except among older Hispanics). The results add to the literature indicating the importance of including measures of wealth in health research for what they may reveal about disparities not only between but also within different racial/ethnic groups.

  8. The Racial School-Climate Gap

    Science.gov (United States)

    Voight, Adam

    2013-01-01

    Education inequity is a persistent reality of American culture. As early as kindergarten, there are marked differences in academic performance between racial minority students and their peers. These differences are sustained as students progress through school. One aspect of students' social experience that may help to explain the gap is school…

  9. School Segregation and Racial Academic Achievement Gaps

    Directory of Open Access Journals (Sweden)

    Sean F. Reardon

    2016-09-01

    Full Text Available Although it is clear that racial segregation is linked to academic achievement gaps, the mechanisms underlying this link have been debated since James Coleman published his eponymous 1966 report. In this paper, I examine sixteen distinct measures of segregation to determine which is most strongly associated with academic achievement gaps. I find clear evidence that one aspect of segregation in particular—the disparity in average school poverty rates between white and black students’ schools—is consistently the single most powerful correlate of achievement gaps, a pattern that holds in both bivariate and multivariate analyses. This implies that high-poverty schools are, on average, much less effective than lower-poverty schools and suggests that strategies that reduce the differential exposure of black, Hispanic, and white students to poor schoolmates may lead to meaningful reductions in academic achievement gaps.

  10. Gender and Racial Gaps in Earnings among Recent College Graduates

    Science.gov (United States)

    Zhang, Liang

    2008-01-01

    Using a nationally representative sample of baccalaureate graduates from 1993 (B&B 93/97/03), I explore factors that contribute to the gender and racial gap in earnings among recent college graduate. Results indicate that college major remains the most significant factor in accounting for the gender gap in pay. Female graduates are still left…

  11. Racial/Ethnic Test Score Gaps and the Urban Continuum

    Science.gov (United States)

    Gagnon, Douglas J.; Mattingly, Marybeth J.

    2018-01-01

    Research is just beginning to describe with precision determinants of racial and ethnic achievement gaps. Work by Reardon, Kalogrides, and Shores found that factors such as parental income, parental education, and segregation are the strongest predictors of achievement gaps. In this study we expand this line of inquiry to examine the role of…

  12. School Personnel-Student Racial Congruence and the Achievement Gap

    Science.gov (United States)

    Moore, Allison B.; MacGregor, Cynthia; Cornelius-White, Jeffrey

    2017-01-01

    Purpose: This paper aims to examine the relationship between student achievement and racial congruence of school personnel and students to help educators and policy makers narrow the achievement gap. Design/methodology/approach: This quasi-experimental, correlational study used publicly available data from 158 elementary schools in the Houston…

  13. Exploring racial differences in the obesity gender gap.

    Science.gov (United States)

    Seamans, Marissa J; Robinson, Whitney R; Thorpe, Roland J; Cole, Stephen R; LaVeist, Thomas A

    2015-06-01

    To investigate whether the gender gap in obesity prevalence is greater among U.S. blacks than whites in a study designed to account for racial differences in socioeconomic and environmental conditions. We estimated age-adjusted, race-stratified gender gaps in obesity (% female obese - % male obese, defined as body mass index ≥30 kg/m(2)) in the National Health Interview Survey 2003 and the Exploring Health Disparities in Integrated Communities-Southwest Baltimore 2003 study (EHDIC-SWB). EHDIC-SWB is a population-based survey of 1381 adults living in two urban, low-income, racially integrated census tracts with no race difference in income. In the National Health Interview Survey, the obesity gender gap was larger in blacks than whites as follows: 7.7 percentage points (ppts; 95% confidence interval (CI): 3.4-11.9) in blacks versus -1.5 ppts (95% CI: -2.8 to -0.2) in whites. In EHDIC-SWB, the gender gap was similarly large for blacks and whites as follows: 15.3 ppts (95% CI: 8.6-22.0) in blacks versus 14.0 ppts (95% CI: 7.1-20.9) in whites. In a racially integrated, low-income urban community, gender gaps in obesity prevalence were similar for blacks and whites. Copyright © 2015 Elsevier Inc. All rights reserved.

  14. Gender and racial training gaps in Oregon apprenticeship programs

    OpenAIRE

    Berik, Günseli; Bilginsoy, Cihan; Williams, Larry S.

    2008-01-01

    This paper uses micro data from Oregon to measure the gender and minority training gaps in apprenticeship training. Its methodological innovation is the use of on-the-job training credit hours of exiting workers as the measure of the quantity of training. Apprentices who started training between 1991 and 2002 are followed through 2007. Controlling for individual and program attributes, women and racial/ethnic minorities on average receive less training than men and whites, respectively. Union...

  15. Average State IQ, State Wealth and Racial Composition as Predictors of State Health Statistics: Partial Support for "g" as a Fundamental Cause of Health Disparities

    Science.gov (United States)

    Reeve, Charlie L.; Basalik, Debra

    2010-01-01

    This study examined the degree to which differences in average IQ across the 50 states was associated with differences in health statistics independent of differences in wealth, health care expenditures and racial composition. Results show that even after controlling for differences in state wealth and health care expenditures, average IQ had…

  16. Black-White Achievement Gap and Family Wealth. National Poverty Center Working Paper Series #07-02

    Science.gov (United States)

    Yeung, W. Jean; Conley, Dalton

    2006-01-01

    This paper examines the extent to which family wealth affects the race-child achievement association for young children based on data from the Panel Study of Income Dynamics. We found little evidence that wealth mediates the black-white test scores gap. However, liquid assets, particularly holding in stocks and mutual funds, are positively…

  17. Racial and Ethnic Infant Mortality Gaps and the Role of Socio-Economic Status

    OpenAIRE

    Elder, Todd E.; Goddeeris, John H.; Haider, Steven J.

    2016-01-01

    We assess the extent to which differences in socio-economic status are associated with racial and ethnic gaps in a fundamental measure of population health: the rate at which infants die. Using micro-level Vital Statistics data from 2000 to 2004, we examine mortality gaps of infants born to white, black, Mexican, Puerto Rican, Asian, and Native American mothers. We find that between-group mortality gaps are strongly and consistently (except for Mexican infants) associated with maternal marita...

  18. Missing and accounted for: gaps and areas of wealth in the public health review literature

    Science.gov (United States)

    2011-01-01

    Background High-quality review evidence is useful for informing and influencing public health policy and practice decisions. However, certain topic areas lack representation in terms of the quantity and quality of review literature available. The objectives of this paper are to identify the quantity, as well as quality, of review-level evidence available on the effectiveness of public health interventions for public health decision makers. Methods Searches conducted on http://www.health-evidence.ca produced an inventory of public health review literature in 21 topic areas. Gaps and areas of wealth in the review literature, as well as the proportion of reviews rated methodologically strong, moderate, or weak were identified. The top 10 topic areas of interest for registered users and visitors of http://www.health-evidence.ca were extracted from user profile data and Google Analytics. Results Registered users' top three interests included: 1) healthy communities, 2) chronic diseases, and 3) nutrition. The top three preferences for visitors included: 1) chronic diseases, 2) physical activity, and 3) addiction/substance use. All of the topic areas with many (301+) available reviews were of interest to registered users and/or visitors (mental health, physical activity, addiction/substance use, adolescent health, child health, nutrition, adult health, and chronic diseases). Conversely, the majority of registered users and/or visitors did not have preference for topic areas with few (≤ 150) available reviews (food safety and inspection, dental health, environmental health) with the exception of social determinants of health and healthy communities. Across registered users' and visitors' topic areas of preference, 80.2% of the reviews were of well-done methodological quality, with 43.5% of reviews having a strong quality rating and 36.7% a moderate review quality rating. Conclusions In topic areas in which many reviews are available, higher level syntheses are needed to

  19. Why the racial gap in life expectancy is declining in the United States

    Science.gov (United States)

    Firebaugh, Glenn; Acciai, Francesco; Noah, Aggie J.; Prather, Christopher; Nau, Claudia

    2014-01-01

    BACKGROUND Blacks have lower life expectancy than whites in the United States. That disparity could be due to racial differences in the causes of death, with blacks being more likely to die of causes that affect the young, or it could be due to differences in the average ages of blacks and whites who die of the same cause. Prior studies fail to distinguish these two possibilities. OBJECTIVE In this study we determine how much of the 2000–10 reduction in the racial gap in life expectancy resulted from narrowing differences in the cause-specific mean age at death for blacks and whites, as opposed to changing cause-specific probabilities for blacks and whites. METHOD We introduce a method for separating the difference-in-probabilities and difference-inage components of group disparities in life expectancy. RESULTS Based on the new method, we find that 60% of the decline in the racial gap in life expectancy from 2000 to 2010 was attributable to reduction in the age component, largely because of declining differences in the age at which blacks and whites die of chronic diseases. CONCLUSION Our findings shed light on the sources of the declining racial gap in life expectancy in the United States, and help to identify where advances need to be made to achieve the goal of eliminating racial disparities in life expectancy. PMID:25580083

  20. Why the racial gap in life expectancy is declining in the United States

    Directory of Open Access Journals (Sweden)

    Glenn Firebaugh

    2014-10-01

    Full Text Available Background: Blacks have lower life expectancy than whites in the United States. That disparity could be due to racial differences in the causes of death, with blacks being more likely to die of causes that affect the young, or it could be due to differences in the average ages of blacks and whites who die of the same cause. Prior studies fail to distinguish these two possibilities. Objective: In this study we determine how much of the 2000-10 reduction in the racial gap in life expectancy resulted from narrowing differences in the cause-specific mean age at death for blacks and whites, as opposed to changing cause-specific probabilities for blacks and whites. Methods: We introduce a method for separating the difference-in-probabilities and difference-in-age components of group disparities in life expectancy. Results: Based on the new method, we find that 60Š of the decline in the racial gap in life expectancy from 2000 to 2010 was attributable to reduction in the age component, largely because of declining differences in the age at which blacks and whites die of chronic diseases. Conclusions: Our findings shed light on the sources of the declining racial gap in life expectancy in the United States, and help to identify where advances need to be made to achieve the goal of eliminating racial disparities in life expectancy.

  1. Recent Trends in Income, Racial, and Ethnic School Readiness Gaps at Kindergarten Entry

    Directory of Open Access Journals (Sweden)

    Sean F. Reardon

    2016-07-01

    Full Text Available Academic achievement gaps between high- and low-income students born in the 1990s were much larger than between cohorts born two decades earlier. Racial/ethnic achievement gaps declined during the same period. To determine whether these two trends have continued in more recent cohorts, we examine trends in several dimensions of school readiness, including academic achievement, self-control, externalizing behavior, and a measure of students’ approaches to learning, for cohorts born from the early 1990s to the 2000–2010 midperiod. We use data from nationally representative samples of kindergarteners (ages 5–6 in 1998 ( n = 20,220, 2006 ( n = 6,600, and 2010 ( n = 16,980 to estimate trends in racial/ethnic and income school readiness gaps. We find that readiness gaps narrowed modestly from 1998 to 2010, particularly between high- and low-income students and between White and Hispanic students.

  2. Closing the Racial Discipline Gap in Classrooms by Changing Teacher Practice

    Science.gov (United States)

    Gregory, Anne; Hafen, Christopher A.; Ruzek, Erik; Mikami, Amori Yee; Allen, Joseph P.; Pianta, Robert C.

    2017-01-01

    Black students are issued school discipline sanctions at rates higher than members of other racial and ethnic groups, underscoring the need for professional development that addresses this gap. In 86 secondary classrooms, a randomized controlled trial examined the effects of a 2-year teacher coaching program, My Teaching Partner Secondary (MTP-S). Results from the second year of coaching and the year after coaching was discontinued replicated previous findings from the first year of coaching—intervention teachers had no significant disparities in discipline referral between Black students and their classmates, compared to teachers in the control condition, for whom racial discipline gaps remained. Thus, MTP-S effects were replicated in the second year of coaching and maintained when coaching was withdrawn. Mediational analyses identified mechanisms for these effects; Black students had a low probability of receiving disciplinary referrals with teachers who increased skills to engage students in high-level analysis and inquiry. PMID:28190913

  3. The Racial School Climate Gap: Within-School Disparities in Students' Experiences of Safety, Support, and Connectedness.

    Science.gov (United States)

    Voight, Adam; Hanson, Thomas; O'Malley, Meagan; Adekanye, Latifah

    2015-12-01

    This study used student and teacher survey data from over 400 middle schools in California to examine within-school racial disparities in students' experiences of school climate. It further examined the relationship between a school's racial climate gaps and achievement gaps and other school structures and norms that may help explain why some schools have larger or smaller racial disparities in student reports of climate than others. Multilevel regression results problematized the concept of a "school climate" by showing that, in an average middle school, Black and Hispanic students have less favorable experiences of safety, connectedness, relationships with adults, and opportunities for participation compared to White students. The results also show that certain racial school climate gaps vary in magnitude across middle schools, and in middle schools where these gaps are larger, the racial achievement gap is also larger. Finally, the socioeconomic status of students, student-teacher ratio, and geographic location help explain some cross-school variation in racial climate gaps. These findings have implications for how school climate in conceptualized, measured, and improved.

  4. Racial residential segregation, socioeconomic disparities, and the White-Black survival gap

    Science.gov (United States)

    Duffy, Erin; Mendelsohn, Joshua; Escarce, José J.

    2018-01-01

    Objective To evaluate the association between racial residential segregation, a prominent manifestation of systemic racism, and the White-Black survival gap in a contemporary cohort of adults, and to assess the extent to which socioeconomic inequality explains this association. Design This was a cross sectional study of White and Black men and women aged 35–75 living in 102 large US Core Based Statistical Areas. The main outcome was the White-Black survival gap. We used 2009–2013 CDC mortality data for Black and White men and women to calculate age-, sex- and race adjusted White and Black mortality rates. We measured segregation using the Dissimilarity index, obtained from the Manhattan Institute. We used the 2009–2013 American Community Survey to define indicators of socioeconomic inequality. We estimated the CBSA-level White–Black gap in probability of survival using sequential linear regression models accounting for the CBSA dissimilarity index and race-specific socioeconomic indicators. Results Black men and women had a 14% and 9% lower probability of survival from age 35 to 75 than their white counterparts. Residential segregation was strongly associated with the survival gap, and this relationship was partly, but not fully, explained by socioeconomic inequality. At the lowest observed level of segregation, and with the Black socioeconomic status (SES) assumed to be at the White SES level scenario, the survival gap is essentially eliminated. Conclusion White-Black differences in survival remain wide notwithstanding public health efforts to improve life expectancy and initiatives to reduce health disparities. Eliminating racial residential segregation and bringing Black socioeconomic status (SES) to White SES levels would eliminate the White-Black survival gap. PMID:29474451

  5. Racial residential segregation, socioeconomic disparities, and the White-Black survival gap.

    Directory of Open Access Journals (Sweden)

    Ioana Popescu

    Full Text Available To evaluate the association between racial residential segregation, a prominent manifestation of systemic racism, and the White-Black survival gap in a contemporary cohort of adults, and to assess the extent to which socioeconomic inequality explains this association.This was a cross sectional study of White and Black men and women aged 35-75 living in 102 large US Core Based Statistical Areas. The main outcome was the White-Black survival gap. We used 2009-2013 CDC mortality data for Black and White men and women to calculate age-, sex- and race adjusted White and Black mortality rates. We measured segregation using the Dissimilarity index, obtained from the Manhattan Institute. We used the 2009-2013 American Community Survey to define indicators of socioeconomic inequality. We estimated the CBSA-level White-Black gap in probability of survival using sequential linear regression models accounting for the CBSA dissimilarity index and race-specific socioeconomic indicators.Black men and women had a 14% and 9% lower probability of survival from age 35 to 75 than their white counterparts. Residential segregation was strongly associated with the survival gap, and this relationship was partly, but not fully, explained by socioeconomic inequality. At the lowest observed level of segregation, and with the Black socioeconomic status (SES assumed to be at the White SES level scenario, the survival gap is essentially eliminated.White-Black differences in survival remain wide notwithstanding public health efforts to improve life expectancy and initiatives to reduce health disparities. Eliminating racial residential segregation and bringing Black socioeconomic status (SES to White SES levels would eliminate the White-Black survival gap.

  6. Children and the Elderly: Wealth Inequality Among America's Dependents.

    Science.gov (United States)

    Gibson-Davis, Christina M; Percheski, Christine

    2018-05-07

    Life cycle theory predicts that elderly households have higher levels of wealth than households with children, but these wealth gaps are likely dynamic, responding to changes in labor market conditions, patterns of debt accumulation, and the overall economic context. Using Survey of Consumer Finances data from 1989 through 2013, we compare wealth levels between and within the two groups that make up America's dependents: the elderly and child households (households with a resident child aged 18 or younger). Over the observed period, the absolute wealth gap between elderly and child households in the United States increased substantially, and diverging trends in wealth accumulation exacerbated preexisting between-group disparities. Widening gaps were particularly pronounced among the least-wealthy elderly and child households. Differential demographic change in marital status and racial composition by subgroup do not explain the widening gap. We also find increasing wealth inequality within child households and the rise of a "parental 1 %." During a time of overall economic growth, the elderly have been able to maintain or increase their wealth, whereas many of the least-wealthy child households saw precipitous declines. Our findings suggest that many child households may lack sufficient assets to promote the successful flourishing of the next generation.

  7. Racial Differences in Access to High-Paying Jobs and the Wage Gap between Black and White Women.

    Science.gov (United States)

    Anderson, Deborah; Shapiro, David

    1996-01-01

    Data from black and white women ages 34-44 (1968-88) showed that differences in characteristics did not explain occupational segregation by race nor the racial wage gap. During the 1980s, the gap was influenced by widening differences in access to occupations and an increase in returns to education. (SK)

  8. Effects of racialized tracking on racial gaps in science self-efficacy, identity, engagement, and aspirations: Connection to science and school segregation

    Science.gov (United States)

    Chang, Briana L.

    . In addition, results indicated that racialized tracking served to exacerbate gaps for Hispanic students and may also diminish career aspirations for Black students. Finally, while examining effects by race/gender did provide some additional insight and nuance in the interpretation of these results, there were clear instances where these more detailed analyses were not needed or may have obscured results that were clearer when aggregated by race. Given these results, implications for policy, practice, and future research are discussed.

  9. The Economic Benefits of Closing Educational Achievement Gaps: Promoting Growth and Strengthening the Nation by Improving the Educational Outcomes of Children of Color

    Science.gov (United States)

    Lynch, Robert G.; Oakford, Patrick

    2014-01-01

    Our nation is currently experiencing growing levels of income and wealth inequality, which are contributing to longstanding racial and ethnic gaps in education outcomes and other areas. This report quantifies the economic benefits of closing one of the most harmful racial and ethnic gaps: the educational achievement gap that exists between black…

  10. Prediction of National Wealth

    Science.gov (United States)

    Whetzel, Deborah L.; McDaniel, Michael A.

    2006-01-01

    In their book, IQ and the Wealth of Nations, Lynn and Vanhanen ([Lynn, R. and Vanhanen, T. (2002). IQ and the wealth of nations. Westport, CT: Praeger.]) proposed the hypothesis that "the intelligence of the populations has been a major factor responsible for the national differences in economic growth and for the gap in per capita income between…

  11. Does breastfeeding contribute to the racial gap in reading and math test scores?

    Science.gov (United States)

    Peters, Kristen E; Huang, Jin; Vaughn, Michael G; Witko, Christopher

    2013-10-01

    The aim of this study was to examine the impact of divergent breastfeeding practices between Caucasian and African American mothers on the lingering achievement test gap between Caucasian and African American children. The Child Development Supplement of the Panel Study of Income Dynamics, beginning in 1997, followed a cohort of 3563 children aged 0-12 years. Reading and math test scores from 2002 for 1928 children were linked with breastfeeding history. Regression analysis was used to examine associations between ever having been breastfed and duration of breastfeeding and test scores, controlling for characteristics of child, mother, and household. African American students scored significantly lower than Caucasian children by 10.6 and 10.9 points on reading and math tests, respectively. After accounting for the impact of having been breastfed during infancy, the racial test gap decreased by 17% for reading scores and 9% for math scores. Study findings indicate that breastfeeding explains 17% and 9% of the observed gaps in reading and math scores, respectively, between African Americans and Caucasians, an effect larger than most recent educational policy interventions. Renewed efforts around policies and clinical practices that promote and remove barriers for African American mothers to breastfeed should be implemented. Copyright © 2013 Elsevier Inc. All rights reserved.

  12. Closing the achievement gap: the association of racial climate with achievement and behavioral outcomes.

    Science.gov (United States)

    Mattison, Erica; Aber, Mark S

    2007-09-01

    This study investigated the relationship between school racial climate and students' self-reports of academic and discipline outcomes, including whether racial climate mediated and/or moderated the relationship between race and outcomes. Using the Racial Climate Survey-High School Version (M. Aber et al., unpublished), data were gathered from African American (n = 382) and European American students (n = 1456) regarding their perceptions of racial climate. About 18% of the respondents were low-income and approximately 50% were male. Positive perceptions of the racial climate were associated with higher student achievement and fewer discipline problems. Further, race moderated the relationship between racial climate and both achievement and discipline outcomes. Finally, racial differences in students' grades and discipline outcomes were associated with differences in perceptions of racial climate. Results suggest careful attention should be given to the racial climate of secondary schools, particularly for adolescents who perceive schools as unfair.

  13. A Test of Leading Explanations for the College Racial-Ethnic Achievement Gap: Evidence from a Longitudinal Case Study

    Science.gov (United States)

    Martin, Nathan D.; Spenner, Kenneth I; Mustillo, Sarah A.

    2017-01-01

    In this study, we examined racial/ethnic differences in grade point average (GPA) among students at a highly selective, private university who were surveyed before matriculation and during the first, second and fourth college years, and assessed prominent explanations for the Black-White and Latino-White college achievement gap. We found that…

  14. WEALTH TAXATION AND WEALTH ACCUMULATION

    DEFF Research Database (Denmark)

    Jakobsen, Katrine Marie Tofthøj; Jakobsen, Kristian Thor; Kleven, Henrik

    Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately abolished between 1989 and 1997. Due to the specific d...... on wealth accumulation. Our simulations show that the long-run elasticity of wealth with respect to the net-of-tax return is sizeable at the top of distribution. Our paper provides the type of evidence needed to assess optimal capital taxation.......Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately abolished between 1989 and 1997. Due to the specific...... design of the wealth tax, these changes provide a compelling quasi-experiment for understanding behavioral responses among the wealthiest segments of the population. We find clear reduced-form effects of wealth taxes in the short and medium run, with larger effects on the very wealthy than...

  15. Inherited Wealth

    OpenAIRE

    Beckert, J.

    2008-01-01

    How to regulate the transfer of wealth from one generation to the next has been hotly debated among politicians, legal scholars, sociologists, economists, and philosophers for centuries. Bequeathing wealth is a vital ingredient of family solidarity. But does the reproduction of social inequality through inheritance square with the principle of equal opportunity? Does democracy suffer when family wealth becomes political power? The first in-depth, comparative study of the development of inheri...

  16. Effective Leadership Is Not Enough: Critical Approaches to Closing the Racial Discipline Gap

    Science.gov (United States)

    DeMatthews, David

    2016-01-01

    A review of student discipline and suspension data disaggregated by race highlights how school leader biases influence disciplinary decisions. Yet, the majority of principal preparation programs have failed to develop structures and norms that result in critical conversations pertaining to race and racial inequities. This article is written from a…

  17. Explaining Cross-Racial Differences in the Educational Gender Gap. CEP Discussion Paper No. 1220

    Science.gov (United States)

    Aucejo, Esteban

    2013-01-01

    The sizable gender gap in college enrolment, especially among African Americans, constitutes a puzzling empirical regularity that may have serious consequences on marriage markets, male labor force participation and the diversity of college campuses. For instance, only 35.7 percent of all African American undergraduate students were men in 2004.…

  18. Bridging the Gap: Racial concordance as a strategy to increase African American participation in breast cancer research.

    Science.gov (United States)

    Frierson, Georita M; Pinto, Bernardine M; Denman, Deanna C; Leon, Pierre A; Jaffe, Alex D

    2017-11-01

    Lack of African American females in breast cancer research has been receiving substantial attention. This study seeks to identify research perceptions and motivating factors needed to increase racial/ethnic minority participation in breast cancer research. A total of 57 African American women (Σ = 47.8 years), from Rhode Island and Texas, completed a questionnaire and focus group. While many participants were not breast cancer survivors, they reported knowledge of their racial group's risk for breast cancer. One major finding that could be seen as both a facilitator and barrier is racial concordance between participant and researcher. Cultural sensitivity and trust building is recommended to increase minority participation.

  19. Threat in Context: School Moderation of the Impact of Social Identity Threat on Racial/Ethnic Achievement Gaps

    Science.gov (United States)

    Hanselman, Paul; Bruch, Sarah K.; Gamoran, Adam; Borman, Geoffrey D.

    2014-01-01

    Schools with very few and relatively low-performing marginalized students may be most likely to trigger social identity threats (including stereotype threats) that contribute to racial disparities. We test this hypothesis by assessing variation in the benefits of a self-affirmation intervention designed to counteract social identity threat in a…

  20. Gender and Racial Pay Gaps in the 1980s: Accounting for Different Trends. Final Report. Researching Women in the Workplace.

    Science.gov (United States)

    Sorensen, Elaine

    Two contrasting trends concerning gender and racial wage levels for U.S. workers emerged in the 1980s. The first trend, which is gender-related, is that women made tremendous gains in their wages relative to those of men: in 1978 women earned 61 percent as much as men, while by 1990 that figure rose to 72 percent. Furthermore, these gains extended…

  1. Household Wealth in China

    Science.gov (United States)

    Xie, Yu; Jin, Yongai

    2015-01-01

    With new nationwide longitudinal survey data now available from the China Family Panel Studies (CFPS), we study the level, distribution, and composition of household wealth in contemporary China. We find that the wealth Gini coefficient of China was 0.73 in 2012. The richest 1 percent owned more than one-third of the total national household wealth, while the poorest 25 percent owned less than 2 percent. Housing assets, which accounted for over 70 percent, were the largest component of household wealth. Finally, the urban-rural divide and regional disparities played important roles in household wealth distribution, and institutional factors significantly affected household wealth holdings, wealth growth rate, and wealth mobility. PMID:26435882

  2. Wealth and Inequality in the Stability of Romantic Relationships

    Directory of Open Access Journals (Sweden)

    Alicia Eads

    2016-10-01

    Full Text Available The family is a key institution that transmits inequality, and racial and socioeconomic inequalities in family life have grown markedly. We use data from the 1996 to 2008 panels of the Survey of Income and Program Participation to offer a comprehensive account of how wealth relates to family stability and how that relationship varies by union type, age cohort, and both type and amount of wealth. We find that liquid and illiquid assets and secured debts are associated with a decrease in the likelihood of dissolution, and that large unsecured debts are associated with an increase. These associations do not differ significantly for married and cohabiting couples. We find evidence of both the material and the symbolic importance of wealth for stability. We also find that wealth explains a significant degree of the racial inequality in family stability.

  3. Does place explain racial health disparities? Quantifying the contribution of residential context to the Black/white health gap in the United States.

    Science.gov (United States)

    Do, D Phuong; Finch, Brian Karl; Basurto-Davila, Ricardo; Bird, Chloe; Escarce, Jose; Lurie, Nicole

    2008-10-01

    The persistence of the black health disadvantage has been a puzzling component of health in the United States in spite of general declines in rates of morbidity and mortality over the past century. Studies that have focused on well-established individual-level determinants of health such as socio-economic status and health behaviors have been unable to fully explain these disparities. Recent research has begun to focus on other factors such as racism, discrimination, and segregation. Variation in neighborhood context-socio-demographic composition, social aspects, and built environment-has been postulated as an additional explanation for racial disparities, but few attempts have been made to quantify its overall contribution to the black/white health gap. This analysis is an attempt to generate an estimate of place effects on explaining health disparities by utilizing data from the U.S. National Health Interview Survey (NHIS) (1989-1994), combined with a methodology for identifying residents of the same blocks both within and across NHIS survey cross-sections. Our results indicate that controlling for a single point-in-time measure of residential context results in a roughly 15-76% reduction of the black/white disparities in self-rated health that were previously unaccounted for by individual-level controls. The contribution of residential context toward explaining the black/white self-rated health gap varies by both age and gender such that contextual explanations of disparities decline with age and appear to be smaller among females.

  4. Wealth & Immigration in Denmark

    DEFF Research Database (Denmark)

    Dreyer, Johannes Kabderian; Wolffsen, Poul; Mortensen, Mia

    2014-01-01

    Applying newly developed methods this paper quantifies human capital in Denmark and analyzes highly qualified immigration as a potential source of wealth generation. In order to quantify human capital, we use the methodology of Lettau and Ludvigson (2001, 2004), Zhang (2006) and Dreyer et al. (2013...

  5. Degree and wealth distribution in a network induced by wealth

    Science.gov (United States)

    Lee, Gyemin; Kim, Gwang Il

    2007-09-01

    A network induced by wealth is a social network model in which wealth induces individuals to participate as nodes, and every node in the network produces and accumulates wealth utilizing its links. More specifically, at every time step a new node is added to the network, and a link is created between one of the existing nodes and the new node. Innate wealth-producing ability is randomly assigned to every new node, and the node to be connected to the new node is chosen randomly, with odds proportional to the accumulated wealth of each existing node. Analyzing this network using the mean value and continuous flow approaches, we derive a relation between the conditional expectations of the degree and the accumulated wealth of each node. From this relation, we show that the degree distribution of the network induced by wealth is scale-free. We also show that the wealth distribution has a power-law tail and satisfies the 80/20 rule. We also show that, over the whole range, the cumulative wealth distribution exhibits the same topological characteristics as the wealth distributions of several networks based on the Bouchaud-Mèzard model, even though the mechanism for producing wealth is quite different in our model. Further, we show that the cumulative wealth distribution for the poor and middle class seems likely to follow by a log-normal distribution, while for the richest, the cumulative wealth distribution has a power-law behavior.

  6. Sovereign Wealth Funds: Issue of transparency

    Directory of Open Access Journals (Sweden)

    Petrović Daliborka

    2015-01-01

    Full Text Available Subject of the paper includes Sovereign Wealth Funds and the formation of the first regulatory framework for their investment activities. Sovereign Wealth Funds invested a significant amount of money in Western financial institutions during the global financial crisis and thus played a crucial role in the preservation and stabilization of the global financial system. However, at the same time, a large gap between the financial power of Sovereign Wealth Funds and the level of their transparency was noted. The need to improve the transparency of Sovereign Wealth Funds has been recognized by international institutions, the OECD and the IMF, which initiated the formulation of the first international regulatory framework regarding the operations of these types of funds. The current international regulatory framework represents a sufficient basis for the gradual improvement of transparency, but because of its non-binding and voluntary nature, certain issues such as the protection of national security interests remain open. Therefore, the solutions can be sought through a process of continuous improvement of international regulation as well as strengthening cooperation between Sovereign Wealth Funds and governments of countries in which they invest.

  7. Gender differences in pension wealth: estimates using provider data.

    Science.gov (United States)

    Johnson, R W; Sambamoorthi, U; Crystal, S

    1999-06-01

    Information from pension providers was examined to investigate gender differences in pension wealth at midlife. For full-time wage and salary workers approaching retirement age who had pension coverage, median pension wealth on the current job was 76% greater for men than women. Differences in wages, years of job tenure, and industry between men and women accounted for most of the gender gap in pension wealth on the current job. Less than one third of the wealth difference could not be explained by gender differences in education, demographics, or job characteristics. The less-advantaged employment situation of working women currently in midlife carries over into worse retirement income prospects. However, the gender gap in pensions is likely to narrow in the future as married women's employment experiences increasingly resemble those of men.

  8. Turnover activity in wealth portfolios

    NARCIS (Netherlands)

    Castaldi, C.; Milakovic, M.

    2007-01-01

    We examine several subsets of the wealthiest individuals in the US and the UK that are compiled by Forbes Magazine and the Sunday Times. Since these are named subsets, we can calculate the returns to wealth portfolios, and calibrate a statistical equilibrium model of wealth distribution that

  9. Turnover activity in wealth portfolios

    NARCIS (Netherlands)

    Castaldi, Carolina; Milakovic, Mishael

    We examine several subsets of the wealthiest individuals in the US and the UK that are compiled by Forbes Magazine and the Sunday Times. Since these are named subsets, we can calculate the returns to wealth portfolios, and calibrate a statistical equilibrium model of wealth distribution that

  10. Measuring the wealth of nations.

    Science.gov (United States)

    Hamilton, Kirk; Dixon, John A

    2003-01-01

    The sustainability of development is closely linked to changes in total per capita wealth. This paper presents estimates of the wealth of nations for nearly 100 countries, broken down into produced assets, natural resources and human resources. While the latter is the dominant form of wealth in virtually all countries, in low income natural resource exporters the share of natural resources in total wealth is equal to the share of produced assets. For low income countries in general, cropland forms the vast majority of natural wealth. The analysis suggests the process of development can be viewed as one of portfolio management: sustainable development entails saving the rents from exhaustible resources, managing renewable resources sustainably, and investing savings in both produced assets and human resources.

  11. Are Two-Year Colleges the Key to Expanding the Scientific Labor Force? Unpacking Gender and Racial-Ethnic Gaps in Undergraduate STEM Degrees

    Science.gov (United States)

    Perez-Felkner, Lara; Thomas, Kirby; Hopkins, Jordan; Nix, Samantha

    2015-01-01

    Given the explosion of theoretical and empirical interest in the STEM gender gap in recent years, almost exclusively focused on four-year colleges, this paper primarily investigates the following question: How does the nature of the gender gap differ among two- and four-year college students, if at all? This study seeks to answer the following…

  12. Energy, complexity and wealth maximization

    CERN Document Server

    Ayres, Robert

    2016-01-01

    This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary “progress”. For the modern economy, natural wealth consists of complex physical structures of condensed (“frozen”) energy – mass - maintained in the earth’s crust far from thermodynamic equilibrium. However, we usually perceive wealth as created when mutation or “invention” – a change agent - introduces something different, and fitter, and usually after some part of the natural wealth of the planet has been exploited in an episode of “creative destruction”. Selection out of the resulting diversity is determined by survival in a competitive environment, whether a planet, a habitat, or a market. While human wealth is associated with money and what it can buy, it is ultimately based on natural wealth, both as materials transformed into useful artifacts, and how those artifacts, activated by energy, can create and transmit useful information. Humans have learned how to transform natural wealth i...

  13. Waste to wealth

    International Nuclear Information System (INIS)

    Sivapalan Kathiravale; Muhd Noor Muhd Yunus

    2010-01-01

    We currently live in a world where depletion of resources is beyond control. The call for sustainable development both environmentally and economically is spelt out loud and clear. Hence, the current and future generations must ensure that all resources shall be preserved, fully utilized and well managed. Waste generation has been part and parcel of man kinds pursuit for development, be it in social or economic activities. Municipal Solid Waste (MSW) is an example of socio-economic activities that entails with waste generation. Generation rates of MSW vary according to the economic and social standing of a country. This in return will also affect the management style of the MSW generated. Generally, the higher income countries generated more waste, recycle more and have the money to employ new technology to treat their waste. As for the lower income countries, the waste generated is more organic in nature, which calls for lesser recycling, whereas disposal is by open dumping. The effects of this naturally would mean that in the lower income countries pollution to the water and air is huge as compare to the more developed countries. However on the other hand, does waste alone generate harmful gasses that pollute the world or does manufacturing, transportation and power production, which is rampant in the more industrialized countries contributing more towards pollution? This subject is argumentative and could be discussed at length. However, the environment cannot wait for the population to debate on the above matter. Action needs to be taken in a world where economic power determines the treatment method. Hence, the idea of recovering all 'wealth' in the waste is essential to ensure that even the poorest countries could benefit from all waste management technologies. For this to work, recycling, reuse and recovery of energy is essential in an integrated approach towards waste management. This would also mean that many environmental disasters could be avoided

  14. The Serious Games of Racial Accounting in Schools

    Science.gov (United States)

    Martinez, Martha Irene

    2011-01-01

    Educational disparities are frequently framed in racial comparisons that are based on data generated by sorting and counting racial subgroups. Our reliance on these data, and the sorting and counting mechanisms entailed therein, is fundamental to debates about racial inequalities. What is largely ignored in achievement gap discourse is how racial…

  15. WEALTH MANAGEMENT THROUGH ROBO ADVISORY

    OpenAIRE

    Ishmeet Singh; Navjot Kaur

    2017-01-01

    Use of artificial intelligence is changing the working styles of human beings in almost every sphere. From Travel, health, education, communication and other related fields, it has now entered wealth management. A number of wealth management firms have adopted the artificial intelligence based services to the clients so that they are able to get investment advice any time as per their convenience. These services are quickly accessible, cheaper, transparent and unbiased. Since the advisory ser...

  16. Trends in Achievement Gaps in First-Year College Courses for Racial/Ethnic, Income, and Gender Subgroups: A 12-Year Study. ACT Research Report Series 2013 (8)

    Science.gov (United States)

    Lorah, Julie; Ndum, Edwin

    2013-01-01

    Prior research has demonstrated gaps in the academic success of college student subgroups defined by race/ethnicity, income, and gender. We studied trends over time in the success of students in these subgroups in particular first-year college courses: English Composition I, College Algebra, social science courses, and Biology. The study is based…

  17. Liquidity Constraints, Household Wealth, and Entrepreneurship.

    Science.gov (United States)

    Hurst, Erik; Lusardi, Annamaria

    2004-01-01

    The propensity to become a business owner is a nonlinear function of wealth. The relationship between wealth and entry into entrepreneurship is essentially flat over the majority of the wealth distribution. It is only at the top of the wealth distribution--after the ninety-fifth percentile--that a positive relationship can be found. Segmenting…

  18. Liquidity Constraints, Household Wealth, and Entrepreneurship

    OpenAIRE

    Erik Hurst; Annamaria Lusardi

    2004-01-01

    The propensity to become a business owner is a nonlinear function of wealth. The relationship between wealth and entry into entrepreneurship is essentially flat over the majority of the wealth distribution. It is only at the top of the wealth distributionafter the ninety-fifth percentilethat a positive relationship can be found. Segmenting businesses into industries with high and lowstarting capital requirements, we find no evidence that wealth matters more for businesses requiring higher ini...

  19. Marriage, Wealth, and Unemployment Duration:

    DEFF Research Database (Denmark)

    Lentz, Rasmus; Tranæs, Torben

    and the wealthier the woman is, the longer it takes for her to find a job. The contrary is the case for men, where spouse income affects job finding positively: the more the wife earns, the faster the husband finds a job. This is so despite the fact that greater own wealth also prolongs unemployment spells for men...

  20. Wealth and the nation's health.

    Science.gov (United States)

    Blackburn, C

    1993-07-01

    Social and economic prosperity to a great extent depend on a healthy population; similarly good health depends on adequate income, writes Clare Blackburn. The government strategy for health promotion outlined most recently in The health of the nation, fails to acknowledge this. Nevertheless health visitors and school nurses cannot ignore the links between health and wealth.

  1. Corporate Restructuring and Bondholder Wealth

    NARCIS (Netherlands)

    Renneboog, L.D.R.; Szilagyi, P.G.

    2006-01-01

    Abstract: This paper provides an overview of existing research on how corporate restructuring affects the wealth of creditors. Restructuring is defined as any transaction that affects the firm’s underlying capital structure. Thus, it reaches well beyond asset restructuring and includes transactions

  2. Wealth inequality: The physics basis

    Science.gov (United States)

    Bejan, A.; Errera, M. R.

    2017-03-01

    "Inequality" is a common observation about us, as members of society. In this article, we unify physics with economics by showing that the distribution of wealth is related proportionally to the movement of all the streams of a live society. The hierarchical distribution of wealth on the earth happens naturally. Hierarchy is unavoidable, with staying power, and difficult to efface. We illustrate this with two architectures, river basins and the movement of freight. The physical flow architecture that emerges is hierarchical on the surface of the earth and in everything that flows inside the live human bodies, the movement of humans and their belongings, and the engines that drive the movement. The nonuniform distribution of wealth becomes more accentuated as the economy becomes more developed, i.e., as its flow architecture becomes more complex for the purpose of covering smaller and smaller interstices of the overall (fixed) territory. It takes a relatively modest complexity for the nonuniformity in the distribution of wealth to be evident. This theory also predicts the Lorenz-type distribution of income inequality, which was adopted empirically for a century.

  3. Corporate Restructuring and Bondholder Wealth

    NARCIS (Netherlands)

    Renneboog, L.D.R.; Szilagyi, P.G.

    2006-01-01

    This paper provides an overview of existing research on how corporate restructuring affects the wealth of creditors.Restructuring is defined as any transaction that affects the firm's underlying capital structure.Thus, it reaches well beyond asset restructuring and includes transactions such as

  4. Financial Literacy, Retirement Planning and Household Wealth

    NARCIS (Netherlands)

    van Rooij, Maarten C. J.; Lusardi, Annamaria; Alessie, Rob J. M.

    Relying on comprehensive measures of financial knowledge, we provide evidence of a strong positive association between financial literacy and net worth, even after controlling for many determinants of wealth. We discuss two channels through which financial literacy might facilitate wealth

  5. Climate policies under wealth inequality.

    Science.gov (United States)

    Vasconcelos, Vítor V; Santos, Francisco C; Pacheco, Jorge M; Levin, Simon A

    2014-02-11

    Taming the planet's climate requires cooperation. Previous failures to reach consensus in climate summits have been attributed, among other factors, to conflicting policies between rich and poor countries, which disagree on the implementation of mitigation measures. Here we implement wealth inequality in a threshold public goods dilemma of cooperation in which players also face the risk of potential future losses. We consider a population exhibiting an asymmetric distribution of rich and poor players that reflects the present-day status of nations and study the behavioral interplay between rich and poor in time, regarding their willingness to cooperate. Individuals are also allowed to exhibit a variable degree of homophily, which acts to limit those that constitute one's sphere of influence. Under the premises of our model, and in the absence of homophily, comparison between scenarios with wealth inequality and without wealth inequality shows that the former leads to more global cooperation than the latter. Furthermore, we find that the rich generally contribute more than the poor and will often compensate for the lower contribution of the latter. Contributions from the poor, which are crucial to overcome the climate change dilemma, are shown to be very sensitive to homophily, which, if prevalent, can lead to a collapse of their overall contribution. In such cases, however, we also find that obstinate cooperative behavior by a few poor may largely compensate for homophilic behavior.

  6. Gamma-distribution and wealth inequality

    Indian Academy of Sciences (India)

    the higher end of the distribution of wealth f(x) follows a power-law ... involved; services like public health and education are also counted in, and often ... between wealth inequality and economic growth, and hence the study of wealth.

  7. Scientific wealth and inequality within nations

    OpenAIRE

    Prathap, Gangan

    2017-01-01

    We show that the greater the scientific wealth of a nation, the more likely that it will tend to concentrate this excellence in a few premier institutions. That is, great wealth implies great inequality of distribution. The scientific wealth is interpreted in terms of citation data harvested by Google Scholar Citations for profiled institutions from all countries in the world.

  8. Wealth distribution on complex networks

    Science.gov (United States)

    Ichinomiya, Takashi

    2012-12-01

    We study the wealth distribution of the Bouchaud-Mézard model on complex networks. It is known from numerical simulations that this distribution depends on the topology of the network; however, no one has succeeded in explaining it. Using “adiabatic” and “independent” assumptions along with the central-limit theorem, we derive equations that determine the probability distribution function. The results are compared to those of simulations for various networks. We find good agreement between our theory and the simulations, except for the case of Watts-Strogatz networks with a low rewiring rate due to the breakdown of independent assumption.

  9. Predominantly Electronic or Personal Service Delivery? A Case in the Wealth Management Context

    OpenAIRE

    Sunikka, Anne

    2009-01-01

    Financial services have been a recurrent subject of a multichannel inquiry but investigation into the wealth management area is scarce. This paper intends to fill the gap and presents the results of a questionnaire directed at customers of a financial conglomerate. The objective of this research is to examine which variables influence consumers’ channel preferences in the wealth management context,and to find out possible differences between the customers who prefer predominantly electronic s...

  10. Racial and Marital Status Differences in Faculty Pay.

    Science.gov (United States)

    Toutkoushian, Robert K.

    1998-01-01

    Study estimated how pay disparity varied by race, marital status, gender, and field. Results show considerable differences overall, with unexplained wage gaps for racial/ethnic group, dramatic variations between men and women, and further by field. Earnings differences among racial/ethnic categories are not uniform. The return on marriage for men…

  11. The unnatural racial naturalism.

    Science.gov (United States)

    Spencer, Quayshawn

    2014-06-01

    In the recent article, "Against the New Racial Naturalism", Adam Hochman (2013, p. 332) argues that new racial naturalists have been too hasty in their racial interpretation of genetic clustering results of human populations. While Hochman makes a number of good points, the purpose of this paper is to show that Hochman's attack on new racial naturalists is misguided due to his definition of 'racial naturalism'. Thus, I will show that Hochman's critique is merely a consequence of an unnatural interpretation of racial naturalism. Copyright © 2014 Elsevier Ltd. All rights reserved.

  12. Household wealth and child health in India.

    Science.gov (United States)

    Chalasani, Satvika; Rutstein, Shea

    2014-03-01

    Using data from the Indian National Family Health Surveys (1992-93, 1998-99, 2005-06), this study examined how the relationship between household wealth and child health evolved during a time of significant economic change in India. The main predictor was an innovative measure of household wealth that captures changes in wealth over time. Discrete-time logistic models (with community fixed effects) were used to examine mortality and malnutrition outcomes: infant, child, and under-5 mortality; stunting, wasting, and being underweight. Analysis was conducted at the national, urban/rural, and regional levels, separately for boys and girls. The results indicate that the relationship between household wealth and under-5 mortality weakened over time but this result was dominated by infant mortality. The relationship between wealth and child mortality stayed strong for girls. The relationship between household wealth and malnutrition became stronger over time for boys and particularly for girls, in urban and (especially) rural areas.

  13. Race, wealth, and solid waste facilities in North Carolina.

    Science.gov (United States)

    Norton, Jennifer M; Wing, Steve; Lipscomb, Hester J; Kaufman, Jay S; Marshall, Stephen W; Cravey, Altha J

    2007-09-01

    Concern has been expressed in North Carolina that solid waste facilities may be disproportionately located in poor communities and in communities of color, that this represents an environmental injustice, and that solid waste facilities negatively impact the health of host communities. Our goal in this study was to conduct a statewide analysis of the location of solid waste facilities in relation to community race and wealth. We used census block groups to obtain racial and economic characteristics, and information on solid waste facilities was abstracted from solid waste facility permit records. We used logistic regression to compute prevalence odds ratios for 2003, and Cox regression to compute hazard ratios of facilities issued permits between 1990 and 2003. The adjusted prevalence odds of a solid waste facility was 2.8 times greater in block groups with > or = 50% people of color compared with block groups with or = 100,000 dollars. Among block groups that did not have a previously permitted solid waste facility, the adjusted hazard of a new permitted facility was 2.7 times higher in block groups with > or = 50% people of color compared with block groups with waste facilities present numerous public health concerns. In North Carolina solid waste facilities are disproportionately located in communities of color and low wealth. In the absence of action to promote environmental justice, the continued need for new facilities could exacerbate this environmental injustice.

  14. Economic wealth related to use of watercourses

    International Nuclear Information System (INIS)

    Ollila, M.

    1998-01-01

    Investigations have been made in Finland to establish the level of the national wealth, which consists of different lands of capital items. The present investigation focuses on different types of water use and on the economic wealth which they represent. The types of water use chosen include water supply and sewerage, flood protection, water-borne traffic, timber floating, hydropower production, fishing, fish farming and recreation. Wealth has been defined, whenever possible, according to yearly profit or the increase in profit. Where this has not been possible, wealth has been defined on the basis of investment costs or according to the one-off increase in wealth achieved by the project. This method was first employed for certain types of water use in the Kalajoki watercourse. For this watercourse wealth was calculated by both the methods described above, using profits, wealth was calculated to be FIM 533 million and using investments FIM 557 million. Due to lack of adequate basic information the figures, however, cannot be compared. The estimation method was also extended to cover the whole country, whereby the total wealth was estimated to be approximately FIM 155 billion. Most of this wealth consisted of recreation, water supply, sewerage and hydropower production. Comparison of the results of this investigation with the values determined in other national wealth investigations is difficult due to the presence of different groupings and methods of determination. In this investigation, the wealth gained by recreational use of the Ostrobothnian reservoirs was also separately examined and estimated to be approximately FIM 200 million. Different kinds of estimation methods had to be used and developed in this work, because the types of water use are very different and because similar investigations have not previously been undertaken. (orig.) 42 refs

  15. Wealth, welfare and sustainable growth and development

    Energy Technology Data Exchange (ETDEWEB)

    Moe, Thorvald

    2011-07-01

    This Policy Note discuses, based on modern development theory and wealth accounting, challenges for economic- and fiscal policies in resource-producing countries defined as countries - both developed and developing low income countries - which rely heavily on non-renewable or exhaustible natural wealth.(Author)

  16. Guidelines for exploiting natural resource wealth

    NARCIS (Netherlands)

    van der Ploeg, R.

    2014-01-01

    The principles of how best to manage the various components of national wealth are outlined, where the permanent income hypothesis, the Hotelling rule, and the Hartwick rule play a prominent role. As far as managing natural resource wealth is concerned, a case is made to use an intergenerational

  17. Gamma-distribution and wealth inequality

    Indian Academy of Sciences (India)

    This in turn allows one to quantify the inequalities observed in the wealth distributions and suggests that their origin should be traced back to very general underlying mechanisms, for instance, the fact that smaller the fraction of the relevant quantity (e.g. wealth) that agent can exchange during an interaction, the closer the ...

  18. The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records

    DEFF Research Database (Denmark)

    Boserup, Simon Halphen; Kopczuk, Wojciech; Kreiner, Claus Thustrup

    2016-01-01

    Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We compare the distributions of wealth over time of people whose parent died and those whose parent did not. Bequests account for 26 percent of the average post-bequest wealth 1-3 years after...... parental death and significantly affect wealth throughout the distribution. Bequests increase absolute wealth inequality (variance of the distribution censored at the top/bottom 1% increases by 33 percent), but reduce relative inequality (the top 1% share declines by 6 percentage points from the base of 31...

  19. Effects of network topology on wealth distributions

    International Nuclear Information System (INIS)

    Garlaschelli, Diego; Loffredo, Maria I

    2008-01-01

    We focus on the problem of how the wealth is distributed among the units of a networked economic system. We first review the empirical results documenting that in many economies the wealth distribution is described by a combination of the log-normal and power-law behaviours. We then focus on the Bouchaud-Mezard model of wealth exchange, describing an economy of interacting agents connected through an exchange network. We report analytical and numerical results showing that the system self-organizes towards a stationary state whose associated wealth distribution depends crucially on the underlying interaction network. In particular, we show that if the network displays a homogeneous density of links, the wealth distribution displays either the log-normal or the power-law form. This means that the first-order topological properties alone (such as the scale-free property) are not enough to explain the emergence of the empirically observed mixed form of the wealth distribution. In order to reproduce this nontrivial pattern, the network has to be heterogeneously divided into regions with a variable density of links. We show new results detailing how this effect is related to the higher-order correlation properties of the underlying network. In particular, we analyse assortativity by degree and the pairwise wealth correlations, and discuss the effects that these properties have on each other

  20. Kinetics of wealth and the Pareto law.

    Science.gov (United States)

    Boghosian, Bruce M

    2014-04-01

    An important class of economic models involve agents whose wealth changes due to transactions with other agents. Several authors have pointed out an analogy with kinetic theory, which describes molecules whose momentum and energy change due to interactions with other molecules. We pursue this analogy and derive a Boltzmann equation for the time evolution of the wealth distribution of a population of agents for the so-called Yard-Sale Model of wealth exchange. We examine the solutions to this equation by a combination of analytical and numerical methods and investigate its long-time limit. We study an important limit of this equation for small transaction sizes and derive a partial integrodifferential equation governing the evolution of the wealth distribution in a closed economy. We then describe how this model can be extended to include features such as inflation, production, and taxation. In particular, we show that the model with taxation exhibits the basic features of the Pareto law, namely, a lower cutoff to the wealth density at small values of wealth, and approximate power-law behavior at large values of wealth.

  1. How Financial Literacy Affects Household Wealth Accumulation.

    Science.gov (United States)

    Behrman, Jere R; Mitchell, Olivia S; Soo, Cindy K; Bravo, David

    2012-05-01

    This study isolates the causal effects of financial literacy and schooling on wealth accumulation using a new household dataset and an instrumental variables (IV) approach. Financial literacy and schooling attainment are both strongly positively associated with wealth outcomes in linear regression models, whereas the IV estimates reveal even more potent effects of financial literacy. They also indicate that the schooling effect only becomes positive when interacted with financial literacy. Estimated impacts are substantial enough to imply that investments in financial literacy could have large wealth payoffs.

  2. The utility of health and wealth.

    Science.gov (United States)

    Levy, Moshe; Nir, Adi Rizansky

    2012-03-01

    Tradeoffs between health and wealth are among the most important decisions individuals make, and are central to social and economic policy. Yet, only a few studies have investigated the utility of health and wealth empirically. This paper investigates this utility function both theoretically and empirically. We conduct detailed personal interviews with 180 cancer patients, and also obtain questionnaires from 132 diabetes patients. We find strong support for the utility function U(h, w)=h·log(w), where h denotes health and w denotes wealth. Copyright © 2012 Elsevier B.V. All rights reserved.

  3. Cellular Automata Simulation for Wealth Distribution

    Science.gov (United States)

    Lo, Shih-Ching

    2009-08-01

    Wealth distribution of a country is a complicate system. A model, which is based on the Epstein & Axtell's "Sugars cape" model, is presented in Netlogo. The model considers the income, age, working opportunity and salary as control variables. There are still other variables should be considered while an artificial society is established. In this study, a more complicate cellular automata model for wealth distribution model is proposed. The effects of social welfare, tax, economical investment and inheritance are considered and simulated. According to the cellular automata simulation for wealth distribution, we will have a deep insight of financial policy of the government.

  4. The Governance of Global Wealth Chains

    DEFF Research Database (Denmark)

    Seabrooke, Leonard; Wigan, Duncan

    2017-01-01

    This article offers a theoretical framework to explain how Global Wealth Chains (GWCs) are created, maintained, and governed. We draw upon different strands of literature, including scholarship in International Political Economy and Economic Geography on Global Value Chains, literature on finance...... innovative financial products produced by large financial institutions and corporations. This article highlights how GWCs intersect with value chains, and provides brief case examples of wealth chains and how they interact.......This article offers a theoretical framework to explain how Global Wealth Chains (GWCs) are created, maintained, and governed. We draw upon different strands of literature, including scholarship in International Political Economy and Economic Geography on Global Value Chains, literature on finance...... capacities among suppliers of products used in wealth chains. We then differentiate five types of GWC governance – Market, Modular, Relational, Captive, and Hierarchy – which range from simple ‘off shelf’ products shielded from regulators by advantageous international tax laws to highly complex and flexible...

  5. Nonmarital Fertility, Union History, and Women's Wealth.

    Science.gov (United States)

    Painter, Matthew; Frech, Adrianne; Williams, Kristi

    2015-02-01

    We use more than 20 years of data from the National Longitudinal Survey of Youth 1979 to examine wealth trajectories among mothers following a nonmarital first birth. We compare wealth according to union type and union stability, and we distinguish partners by biological parentage of the firstborn child. Net of controls for education, race/ethnicity, and family background, single mothers who enter into stable marriages with either a biological father or stepfather experience significant wealth advantages over time (more than $2,500 per year) relative to those who marry and divorce, cohabit, or remain unpartnered. Sensitivity analyses adjusting for unequal selection into marriage support these findings and demonstrate that race (but not ethnicity) and age at first birth structure mothers' access to later marriage. We conclude that not all single mothers have equal access to marriage; however, marriage, union stability, and paternity have distinct roles for wealth accumulation following a nonmarital birth.

  6. The rise of Asian sovereign wealth funds

    OpenAIRE

    Borst, Nicholas

    2015-01-01

    This Asia Focus provides an overview of sovereign wealth funds, evaluates the structure and activities of major funds in Asia, and compares the transparency of Asian funds relative to international best practices.

  7. Inheritance and wealth inequality: Evidence from population registers

    OpenAIRE

    Elinder, Mikael; Erixson, Oscar; Waldenström, Daniel

    2016-01-01

    We use new population-wide register data on inheritances and wealth in Sweden to estimate the causal impact of inheritances on wealth inequality. We find that inheritances reduce relative wealth inequality (e.g., the Gini coefficient falls by 5–10 percent) but that absolute dispersion increases. Examining different parts of the wealth distribution, we find that the top decile's wealth share decreases substantially, whereas the wealth share of the bottom half increases from a negative to a pos...

  8. Petro Rents, Political Institutions, and Hidden Wealth

    DEFF Research Database (Denmark)

    Andersen, Jørgen Juel; Johannesen, Niels; Lassen, David Dreyer

    2017-01-01

    Do political institutions limit rent seeking by politicians? We study the transformation of petroleum rents, almost universally under direct government control, into hidden wealth using unique data on bank deposits in offshore financial centers that specialize in secrecy and asset protection. Our...... rulers is diverted to secret accounts. We find very limited evidence that shocks to other types of income not directly controlled by governments affect hidden wealth....

  9. Child Benefit Payments and Household Wealth Accumulation

    OpenAIRE

    Melvin Stephens Jr.; Takashi Unayama

    2014-01-01

    Using the life-cycle/permanent income hypothesis, we theoretically and empirically assess the impact of child benefit payments on household wealth accumulation. Consistent with the predictions of the model, we find that higher cumulative benefits received increase current assets, higher future benefit payments lower asset holding, and that these effects systematically vary over the life-cycle. We find different wealth responses to child benefit payments for liquidity constrained and unconstra...

  10. Self-esteem and Individual Wealth

    OpenAIRE

    Chatterjee, Swarn; Finke, Michael; Harness, Nathaniel

    2008-01-01

    Self-esteem measures confidence in one’s abilities. Prior literature has shown that higher self-esteem can also affect individual financial decision making through an increased willingness to invest in risky assets and motivation to enhance self image through wealth accumulation. However, self-esteem can also lead to wealth-destroying investment behaviors due to overconfidence and an unwillingness to accept inevitable losses. Using the Rosenberg Self-esteem Scale included in the National Long...

  11. Framing the Genetics Curriculum for Social Justice: An Experimental Exploration of How the Biology Curriculum Influences Beliefs about Racial Difference

    Science.gov (United States)

    Donovan, Brian M.

    2016-01-01

    This field experiment manipulated the racial framing of a reading on human genetic disease to explore whether racial terminology in the biology curriculum affects how adolescents explain and respond to the racial achievement gap in American education. Carried out in a public high school in the San Francisco Bay Area, students recruited for the…

  12. The Achievement Gap and the Discipline Gap: Two Sides of the Same Coin?

    Science.gov (United States)

    Gregory, Anne; Skiba, Russell J.; Noguera, Pedro A.

    2010-01-01

    The gap in achievement across racial and ethnic groups has been a focus of education research for decades, but the disproportionate suspension and expulsion of Black, Latino, and American Indian students has received less attention. This article synthesizes research on racial and ethnic patterns in school sanctions and considers how…

  13. Unnaturalised racial naturalism.

    Science.gov (United States)

    Hochman, Adam

    2014-06-01

    Quayshawn Spencer (2014) misunderstands my treatment of racial naturalism. I argued that racial naturalism must entail a strong claim, such as "races are subspecies", if it is to be a substantive position that contrasts with anti-realism about biological race. My recognition that not all race naturalists make such a strong claim is evident throughout the article Spencer reviews (Hochman, 2013a). Spencer seems to agree with me that there are no human subspecies, and he endorses a weaker form of racial naturalism. However, he supports his preferred version of 'racial naturalism' with arguments that are not well described as 'naturalistic'. I argue that Spencer offers us an unnaturalised racial naturalism. Copyright © 2014 Elsevier Ltd. All rights reserved.

  14. The Antieconomy Hypothesis (Part 1): From Wealth Creation to Wealth Extraction

    Science.gov (United States)

    Vanderburg, Willem H.

    2009-01-01

    This article attempts to make some sense of what is happening to the role of money and the economy in our lives and in our communities. It shows that the picture provided by the discipline of economics makes no sense at all. Corporations and national economies have become wealth extractors as opposed to wealth creators. Only about 3% of daily…

  15. The Governance of Global Wealth Chains

    DEFF Research Database (Denmark)

    Seabrooke, Leonard; Wigan, Duncan

    ) innovation capacities among suppliers of products used in wealth chains. We then differentiate five types of global value chain governance - market, modular, relational, captive, and hierarchy - which range from simple ‘off shelf’ products shielded from regulators by advantageous international tax laws...... to highly complex and flexible innovative financial products produced by large financial institutions and corporations. This paper highlights how Global Wealth Chains intersect with value chains and real economies, and provides three brief case studies on offshore shell companies, family property trusts......This working paper creates a theoretical framework to explain how Global Wealth Chains are created, maintained, and governed. We draw upon different strands of literature, including scholarship in international political economy and economic geography on Global Value Chains, literature on finance...

  16. The Governance of Global Wealth Chains

    DEFF Research Database (Denmark)

    Seabrooke, Leonard; Wigan, Duncan

    liability and (3) innovation capacities among suppliers of products used in wealth chains. We then differentiate five types of global value chain governance - market, modular, relational, captive, an d hierarchy – which range from simple ‘off shelf’ products shielded from regulators by advantageous...... international tax laws to highly complex and flexible innovative financial products produced by large financial institutions and corporations. This article highlights how Global Wealth Cha ins intersect with value chains and real economies, and provides three brief case studies on offshore shell companies......This introduction to the Special Issue creates a theoretical framework to explain how Global Wealth Chains are created, maintained, and governed. We draw upon different strands of literature, including scholarship in international political economy and economic geography on Global Value Chains...

  17. The taxation of wealth transfers in Thailand

    OpenAIRE

    Rodthong, Ratichai

    2016-01-01

    This thesis was submitted for the award of Doctor of Philosophy and was awarded by Brunel University London This thesis examines the case for a wealth transfer tax in Thailand, against the background, inter alia, of the failure of Thailand’s defunct tax law on estate and inheritance (the Estate and Inheritance Tax Act, 1933). Thailand has a significant problem with income and wealth distribution, with an increasing gulf between the rich and the poor—a root cause of the nation’s ongoing pol...

  18. Ecosystem-based management and the wealth of ecosystems

    OpenAIRE

    Yun, Seong Do; Hutniczak, Barbara; Abbott, Joshua K.; Fenichel, Eli P.

    2017-01-01

    Ecosystems store vast quantities of wealth, but difficulties measuring wealth held in ecosystems prevent its inclusion in accounting systems. Ecosystem-based management endeavors to manage ecosystems holistically. However, ecosystem-based management lacks headline indicators to evaluate performance. We unify the inclusive wealth and ecosystem-based management paradigms, allowing apples-to-apples comparisons between the wealth of the ecosystem and other forms of wealth, while providing a headl...

  19. Racial Trade Barriers?

    DEFF Research Database (Denmark)

    Bjerre, Jacob Halvas

    . This paper analyzes the racial policies pursued in the foreign trade and argues that we need to recognize Aryanization as a world-wide policy in order to fully understand its character and possible consequences. I focus on the pre-war period and analyze the case of Denmark from three different perspectives......: perpetrators, victims and bystanders. The analysis will show that race, economy and foreign trade were combined in an attempt to raise racial trade barriers. This forced the question of German racial policies on the Danish government, Danish-Jewish businesses, and German companies involved in foreign trade...

  20. IQ and the Wealth of States

    Science.gov (United States)

    Kanazawa, Satoshi

    2006-01-01

    In "IQ and the Wealth of Nations" (2002), Lynn and Vanhanen estimate the mean IQs of 185 nations and demonstrate that national IQs strongly correlate with the macroeconomic performance of the nations, explaining about half of the variance in GDP per capita. I seek to replicate Lynn and Vanhanen's results across states within the United…

  1. Econophysics of Income and Wealth Distributions

    Science.gov (United States)

    Chakrabarti, Bikas K.; Chakraborti, Anirban; Chakravarty, Satya R.; Chatterjee, Arnab

    2013-03-01

    1. Introduction; 2. Income and wealth distribution data for different countries; 3. Major socio-economic modellings; 4. Market exchanges and scattering process; 5. Analytic structure of the kinetic exchange market models; 6. Microeconomic foundation of the kinetic exchange models; 7. Dynamics: generation of income, inequality and development; 8. Outlook; References; Index.

  2. Avoiding poverty: distributing wealth in fisheries

    NARCIS (Netherlands)

    Eide, A.; Bavinck, M.; Raakjær, J.; Jentoft, S.; Eide, A.

    2011-01-01

    Aquatic resources contribute to economic growth, food security, and the livelihoods of millions of fishers around the world. This is evidenced by the industrialization of capture fisheries in the twentieth century, which has generated enormous wealth. Rather than supporting a policy aimed at

  3. Sovereign wealth funds: Investment objectives and asset allocation strategies

    Directory of Open Access Journals (Sweden)

    Daniil Wagner

    2014-05-01

    Full Text Available Sovereign Wealth Funds (SWFs have steadily increased their importance in the global financial system in the last decade and especially during the financial crisis period. Although the objectives and investment strategies of SWFs are quite diverse, I propose to sort them into three main groups, depending on their sponsor countries’ endowment with resources and investment objectives. I present case studies and empirical analyses that reflect SWF investment activities and try to elaborate on the special role of each SWF group. Special emphasis is given to the recent financial crisis, where SWFs also acted as bailout investors by injecting substantial capital into global financial institutions, filling a financing gap that other institutional investors could not close

  4. RACIAL DISPARITIES IN HEALTH

    Science.gov (United States)

    Sternthal, Michelle J.; Slopen, Natalie; Williams, David R.

    2017-01-01

    Despite the widespread assumption that racial differences in stress exist and that stress is a key mediator linking racial status to poor health, relatively few studies have explicitly examined this premise. We examine the distribution of stress across racial groups and the role of stress vulnerability and exposure in explaining racial differences in health in a community sample of Black, Hispanic, and White adults, employing a modeling strategy that accounts for the correlation between types of stressors and the accumulation of stressors in the prediction of health outcomes. We find significant racial differences in overall and cumulative exposure to eight stress domains. Blacks exhibit a higher prevalence and greater clustering of high stress scores than Whites. American-born Hispanics show prevalence rates and patterns of accumulation of stressors comparable to Blacks, while foreign-born Hispanics have stress profiles similar to Whites. Multiple stressors correlate with poor physical and mental health, with financial and relationship stressors exhibiting the largest and most consistent effects. Though we find no support for the stress-vulnerability hypothesis, the stress-exposure hypothesis does account for some racial health disparities. We discuss implications for future research and policy.

  5. Effects of heterogeneous wealth distribution on public cooperation with collective risk.

    Science.gov (United States)

    Wang, Jing; Fu, Feng; Wang, Long

    2010-07-01

    The distribution of wealth among individuals in real society can be well described by the Pareto principle or "80-20 rule." How does such heterogeneity in initial wealth distribution affect the emergence of public cooperation, when individuals, the rich and the poor, engage in a collective-risk enterprise, not to gain a profit but to avoid a potential loss? Here we address this issue by studying a simple but effective model based on threshold public goods games. We analyze the evolutionary dynamics for two distinct scenarios, respectively: one with fair sharers versus defectors and the other with altruists versus defectors. For both scenarios, particularly, we in detail study the dynamics of the population with dichotomic initial wealth-the rich versus the poor. Moreover, we demonstrate the possible steady compositions of the population and provide the conditions for stability of these steady states. We prove that in a population with heterogeneous wealth distribution, richer individuals are more likely to cooperate than poorer ones. Participants with lower initial wealth may choose to cooperate only if all players richer than them are cooperators. The emergence of pubic cooperation largely relies on rich individuals. Furthermore, whenever the wealth gap between the rich and the poor is sufficiently large, cooperation of a few rich individuals can substantially elevate the overall level of social cooperation, which is in line with the well-known Pareto principle. Our work may offer an insight into the emergence of cooperative behavior in real social situations where heterogeneous distribution of wealth among individual is omnipresent.

  6. Does wealth inequality matter for growth? The effect of billionaire wealth, income distribution, and poverty

    Czech Academy of Sciences Publication Activity Database

    Bagchi, S.; Švejnar, Jan

    2015-01-01

    Roč. 43, č. 3 (2015), s. 505-530 ISSN 0147-5967 Institutional support: PRVOUK-P23 Keywords : economic growth * wealth inequality * income inequality Subject RIV: AH - Economics Impact factor: 1.380, year: 2015

  7. Intersectionopoly: A Simulation of the Wage Gap

    Science.gov (United States)

    Paino, Maria; May, Matthew; Burrington, Lori A.; Becker, Jacob H.

    2017-01-01

    This article describes a simulation activity designed to teach students about the wage gap. The wage gap is an important topic in many sociology classrooms, but it can be difficult to convey the accumulated disadvantage experienced by women and racial/ethnic minorities to students using in-class discussions, lectures, or assigned readings alone.…

  8. The Marriage Wealth Premium Revisited: Gender Disparities and Within-Individual Changes in Personal Wealth in Germany.

    Science.gov (United States)

    Lersch, Philipp M

    2017-06-01

    This study examines the association between marriage and economic wealth of women and men. Going beyond previous research that focused on household wealth, I examine personal wealth, which allows identifying gender disparities in the association between marriage and wealth. Using unique data from the German Socio-Economic Panel Study (2002, 2007, and 2012), I apply random-effects and fixed-effects regression models to test my expectations. I find that both women and men experience substantial marriage wealth premiums not only in household wealth but also in personal wealth. However, I do not find consistent evidence for gender disparities in these general marriage premiums. Additional analyses indicate, however, that women's marriage premiums are substantially lower than men's premiums in older cohorts and when only nonhousing wealth is considered. Overall, this study provides new evidence that women and men gain unequally in their wealth attainment through marriage.

  9. GAP Analysis Program (GAP)

    Data.gov (United States)

    Kansas Data Access and Support Center — The Kansas GAP Analysis Land Cover database depicts 43 land cover classes for the state of Kansas. The database was generated using a two-stage hybrid classification...

  10. Farmers’ Education and Farmers’ Wealth in Bangladesh

    Directory of Open Access Journals (Sweden)

    Abu Zafar Mahmudul Haq

    2014-12-01

    Full Text Available The impact of farmers’ education is examined with a view to evaluate the actual situation of farmers’ education in Bangladesh. Fifty samples were collected from two sub districts of the Gazipur district in Bangladesh. The selection of the study sites and collection of the samples such as the years of schooling of the farm household head, total income, farm size, number of earners of farm families, family size, years of farming experience of farm household head, number of times extension contacts and rice yield were done purposively. It is cleared from the study that education is necessary for farmers to raise their wealth. Results were derived through regression analysis. The study has also shown that size of family and years of farming experience contributed significantly to the wealth accumulation of farmers.

  11. Wealth Accumulation and Factors Accounting for Success.

    Science.gov (United States)

    Pawasutipaisit, Anan; Townsend, Robert M

    2011-03-01

    We use detailed income, balance sheet, and cash flow statements constructed for households in a long monthly panel in an emerging market economy, and some recent contributions in economic theory, to document and better understand the factors underlying success in achieving upward mobility in the distribution of net worth. Wealth inequality is decreasing over time, and many households work their way out of poverty and lower wealth over the seven year period. The accounts establish that, mechanically, this is largely due to savings rather than incoming gifts and remittances. In turn, the growth of net worth can be decomposed household by household into the savings rate and how productively that savings is used, the return on assets (ROA). The latter plays the larger role. ROA is, in turn, positively correlated with higher education of household members, younger age of the head, and with a higher debt/asset ratio and lower initial wealth, so it seems from cross-sections that the financial system is imperfectly channeling resources to productive and poor households. Household fixed effects account for the larger part of ROA, and this success is largely persistent, undercutting the story that successful entrepreneurs are those that simply get lucky. Persistence does vary across households, and in at least one province with much change and increasing opportunities, ROA changes as households move over time to higher-return occupations. But for those households with high and persistent ROA, the savings rate is higher, consistent with some micro founded macro models with imperfect credit markets. Indeed, high ROA households save by investing in their own enterprises and adopt consistent financial strategies for smoothing fluctuations. More generally growth of wealth, savings levels and/or rates are correlated with TFP and the household fixed effects that are the larger part of ROA.

  12. Control of Shareholders’ Wealth Maximization in Nigeria

    OpenAIRE

    A. O. Oladipupo; C. O. Okafor

    2014-01-01

    This research focuses on who controls shareholder’s wealth maximization and how does this affect firm’s performance in publicly quoted non-financial companies in Nigeria. The shareholder fund was the dependent while explanatory variables were firm size (proxied by log of turnover), retained earning (representing management control) and dividend payment (representing measure of shareholders control). The data used for this study were obtained from the Nigerian Stock Exchange [NSE] fact book an...

  13. Wealth Management Untuk Pensiun Yang Sejahtera

    OpenAIRE

    Sina, Peter Garlans

    2015-01-01

    Abstrak: Wealth Management untuk Pensiun yang Sejahtera. Pensiun yang sejahtera menjadi impian semua orang. Oleh sebab itu, untuk mewujudkan pensiun yang sejahtera membutuhkan manajemen kekayaan yang benar. Hasil analisis menemukan bahwa manajemen kekayaan yang benar mampu meningkatkan peluang mengalami pensiun yang sejahtera. Salah satu cara yang dapat diaplikasikan adalah melalui mengelola arus kas dengan benar. Oleh sebab itu, pada bagian akhir diberikan cara yang dapat ditempuh untuk meng...

  14. An Analysis of Wealth Management Practices in Pakistan

    OpenAIRE

    Jamil, Muhammad Salman

    2007-01-01

    The recent years have seen a great boom in the global wealth management industry. The emergence of the private banking and wealth management segments in banking in the region of Asia, such as Pakistan, China and India since the late 90s, has attained huge proportions and holds a lot of promise for banks and financial institutions today. Banks from all around the world has gradually moved from their aggressive retail banking focus to a higher level adopting wealth management practices. Wealth ...

  15. Health, Wealth and Happiness: Why pursue a Higher Education?

    OpenAIRE

    Hartog, Joop; Oosterbeek, Hessel

    1997-01-01

    We explore the effect of schooling on health, wealth and happiness for a cohort of Dutch individuals born around 1940. We also use observations on childhood IQ and family background. The most fortunate group is the group with a non-vocational intermediate level education: they score highest on health, wealth and happiness. We find that IQ affects health, but not wealth or happiness. Family background level increases wealth, but neither health nor happiness. With a father who worked independen...

  16. Traditional wealth, modern goods, and demographic behavior in rural Senegal

    OpenAIRE

    Garenne, Michel

    2015-01-01

    The study investigates the relationships of demographic indicators (fertility, mortality, marriage, education) with modern and traditional wealth in rural Senegal. Data were based on rural households interviewed in the 2011 DHS survey. An Absolute Wealth Index was computed from a list of 15 modern goods. A Traditional Wealth Index was computed from data on land and livestock per capita. Modern wealth was always associated with modern demographic behavior (lower fertility, lower mortality, hig...

  17. Prospects for immigrant-native wealth assimilation: evidence from financial market participation

    OpenAIRE

    Una Okonkwo Osili; Anna L. Paulson

    2004-01-01

    Because financial transactions are important for wealth accumulation, and rely on trust and confidence in institutions, the financial market behavior of immigrants can provide important insights into the assimilation process. Compared to the native-born, immigrants are less likely to own savings and checking accounts and these differences tend to persist over time. Our results suggest that a large share of the immigrant-native gap in financial market participation is driven by group differenc...

  18. Health, Wealth and Happiness: Why Pursue a Higher Education?

    Science.gov (United States)

    Hartog, Joop; Oosterbeek, Hessel

    1998-01-01

    Explores schooling's effect on health, wealth, and happiness for a cohort of Dutch individuals born around 1940. Uses observations on childhood IQ and family background. The group with a nonvocational, intermediate-level education scored highest on all three factors. IQ affects health, not wealth or happiness. Family background increases wealth,…

  19. Decomposing Racial Disparities in Obesity Prevalence

    Science.gov (United States)

    Singleton, Chelsea R.; Affuso, Olivia; Sen, Bisakha

    2015-01-01

    Introduction Racial disparities in obesity exist at the individual and community levels. Retail food environment has been hypothesized to be associated with racial disparities in obesity prevalence. This study aimed to quantify how much food environment measures explain racial disparities in obesity at the county level. Methods Data from 2009 to 2010 on 3,135 U.S. counties were extracted from the U.S. Department of Agriculture Food Environment Atlas and the Behavioral Risk Factor Surveillance System and analyzed in 2013. Oaxaca–Blinder decomposition was used to quantify the portion of the gap in adult obesity prevalence observed between counties with a high and low proportion of African American residents is explained by food environment measures (e.g., proximity to grocery stores, per capita fast food restaurants). Counties were considered to have a high African American population if the percentage of African American residents was >13.1%, which represents the 2010 U.S. Census national estimate of percentage African American citizens. Results There were 665 counties (21%) classified as a high African American county. The total gap in mean adult obesity prevalence between high and low African American counties was found to be 3.35 percentage points (32.98% vs 29.63%). Retail food environment measures explained 13.81% of the gap in mean age-adjusted adult obesity prevalence. Conclusions Retail food environment explains a proportion of the gap in adult obesity prevalence observed between counties with a high proportion of African American residents and counties with a low proportion of African American residents. PMID:26507301

  20. The Nigeria wealth distribution and health seeking behaviour: evidence from the 2012 national HIV/AIDS and reproductive health survey.

    Science.gov (United States)

    Fagbamigbe, Adeniyi F; Bamgboye, Elijah A; Yusuf, Bidemi O; Akinyemi, Joshua O; Issa, Bolakale K; Ngige, Evelyn; Amida, Perpetua; Bashorun, Adebobola; Abatta, Emmanuel

    2015-01-01

    Recently, Nigeria emerged as the largest economy in Africa and the 26th in the world. However, a pertinent question is how this new economic status has impacted on the wealth and health of her citizens. There is a dearth of empirical study on the wealth distribution in Nigeria which could be important in explaining the general disparities in their health seeking behavior. An adequate knowledge of Nigeria wealth distribution will no doubt inform policy makers in their decision making to improve the quality of life of Nigerians. This study is a retrospective analysis of the assets of household in Nigeria collected during the 2012 National HIV/AIDS and Reproductive Health Survey (NARHS Plus 2). We used the principal component analysis methods to construct wealth quintiles across households in Nigeria. At 5% significance level, we used ANOVA to determine differences in some health outcomes across the WQs and chi-square test to assess association between WQs and some reproductive health seeking behaviours. The wealth quintiles were found to be internally valid and coherent. However, there is a wide gap in the reproductive health seeking behavior of household members across the wealth quintiles with members of households in lower quintiles having lesser likelihood (33.0%) to receive antenatal care than among those in the highest quintiles (91.9%). While only 3% were currently using modern contraceptives in the lowest wealth quintile, it was 17.4% among the highest wealth quintile (p wealth quintiles showed a great disparity in the standard of living of Nigerian households across geo-political zones, states and rural-urban locations which had greatly influenced household health seeking behavior.

  1. Queering Black Racial Identity Development

    Science.gov (United States)

    Johnson, Alandis A.; Quaye, Stephen John

    2017-01-01

    We used queer theory to encourage readers to think differently about previous theories about Black racial identity development. Queer theory facilitates new and deeper understandings of how Black people develop their racial identities, prompting more fluidity and nuance. Specifically, we present a queered model of Black racial identity development…

  2. Effects of heterogeneous wealth distribution on public cooperation with collective risk

    Science.gov (United States)

    Wang, Jing; Fu, Feng; Wang, Long

    2010-07-01

    The distribution of wealth among individuals in real society can be well described by the Pareto principle or “80-20 rule.” How does such heterogeneity in initial wealth distribution affect the emergence of public cooperation, when individuals, the rich and the poor, engage in a collective-risk enterprise, not to gain a profit but to avoid a potential loss? Here we address this issue by studying a simple but effective model based on threshold public goods games. We analyze the evolutionary dynamics for two distinct scenarios, respectively: one with fair sharers versus defectors and the other with altruists versus defectors. For both scenarios, particularly, we in detail study the dynamics of the population with dichotomic initial wealth—the rich versus the poor. Moreover, we demonstrate the possible steady compositions of the population and provide the conditions for stability of these steady states. We prove that in a population with heterogeneous wealth distribution, richer individuals are more likely to cooperate than poorer ones. Participants with lower initial wealth may choose to cooperate only if all players richer than them are cooperators. The emergence of pubic cooperation largely relies on rich individuals. Furthermore, whenever the wealth gap between the rich and the poor is sufficiently large, cooperation of a few rich individuals can substantially elevate the overall level of social cooperation, which is in line with the well-known Pareto principle. Our work may offer an insight into the emergence of cooperative behavior in real social situations where heterogeneous distribution of wealth among individual is omnipresent.

  3. Facing the Racial Divide.

    Science.gov (United States)

    Molnar, Alex

    1993-01-01

    Whatever its causes, racial isolation is social dynamite. Problems and destiny of America and American education cannot be separated from fate of American cities, which daily grow poorer, more violent, less socially cohesive, and more isolated. Problems cannot be addressed without taking racism into account. Schools can help students understand…

  4. Wealth Transmission and Inequality Among Hunter-Gatherers

    Science.gov (United States)

    Hill, Kim; Marlowe, Frank; Nolin, David; Wiessner, Polly; Gurven, Michael; Bowles, Samuel; Mulder, Monique Borgerhoff; Hertz, Tom; Bell, Adrian

    2010-01-01

    We report quantitative estimates of intergenerational transmission and population-wide inequality for wealth measures in a set of hunter-gatherer populations. Wealth is defined broadly as factors that contribute to individual or household well-being, ranging from embodied forms such as weight and hunting success to material forms such household goods, as well as relational wealth in exchange partners. Intergenerational wealth transmission is low to moderate in these populations, but is still expected to have measurable influence on an individual’s life chances. Wealth inequality (measured with Gini coefficients) is moderate for most wealth types, matching what qualitative ethnographic research has generally indicated (if not the stereotype of hunter-gatherers as extreme egalitarians). We discuss some plausible mechanisms for these patterns, and suggest ways in which future research could resolve questions about the role of wealth in hunter-gatherer social and economic life. PMID:21151711

  5. Wealth of Nations or Wealth of Persons: World Billionaires and Sector Concentration

    Directory of Open Access Journals (Sweden)

    Harun YAKIŞIK

    2013-06-01

    Full Text Available Despite the recent global financial crisis, the number of billionaires in USA, Russia, China and Turkey has increased in the last five years, while it has remained at a constant scale in most developed European countries. The aim of the study is to explore whether wealth accumulation is closely related to the sector concentration in billionaire-generating countries. Unlike the previous studies on billionaires, this study examines the relationship between sectors and wealth accumulation of billionaires in some selected billionaire generating countries through secondary data from the Forbes list for the years from 2006 to 2011.

  6. Financial Wealth Distribution in Revised Financial Accounts

    Directory of Open Access Journals (Sweden)

    Václav Rybáček

    2012-09-01

    Full Text Available Financial statistics undergo dynamic evolution as apparent consequence of their rising importance. Structureof assets, source of fi nancing, price changes or net fi nancial position, all these indicators can detect oncomingfi nancial instability. Financial statistics as a logical extension of the national accounts provide such information.Th e aim of the following text is to present fi nancial statistics, relation between particular accounts, the impact of extraordinary revision carried out in 2011, and also to analyse current wealth distribution as described by fi nancial statistics.

  7. Role of selective interaction in wealth distribution

    International Nuclear Information System (INIS)

    Gupta, A.K.

    2005-08-01

    In our simplified description 'money' is wealth. A kinetic theory model of money is investigated where two agents interact (trade) selectively and exchange random amount of money between them while keeping total money of all the agents constant. The probability distributions of individual money (P(m) vs. m) is seen to be influenced by certain modes of selective interactions. The distributions shift away from Boltzmann-Gibbs like exponential distribution and in some cases distributions emerge with power law tails known as Pareto's law (P(m) ∝ m -(1+α) ). (author)

  8. Congregational Size and Attitudes towards Racial Inequality among Church Attendees in America

    Directory of Open Access Journals (Sweden)

    Ryon J. Cobb

    2015-06-01

    Full Text Available Research suggests that congregational characteristics are associated with the racial attitudes of American churchgoers. This study examines the relationship between congregational size and beliefs about the Black/White socioeconomic gap among religious adherents. Method. Drawing upon data from the General Social Survey and the National Congregations Study, we fit binary logistic regression models to estimate the association between congregational size and Americans’ explanations of Black/White economic inequality. Results. Findings reveal that attendees of larger congregations are less likely than attendees of smaller congregations to explain racial inequality as the result of the racial discrimination. The likelihood of explaining racial inequality in terms of personal motivation does not vary by congregation size. Conclusion. Despite the growing diversity in larger congregations in America, such congregations may steer attendees’ views about racial inequality away from systemic/structural factors, which may attenuate the ability of such congregations to bridge racial divisions.

  9. Revisiting the child health-wealth nexus.

    Science.gov (United States)

    Fakir, Adnan M S

    2016-12-01

    The causal link between a household's economic standing and child health is known to suffer from endogeneity. While past studies have exemplified the causal link to be small, albeit statistically significant, this paper aims to estimate the causal effect to investigate whether the effect of income after controlling for the endogeneity remains small in the long run. By correcting for the bias, and knowing the bias direction, one can also infer about the underlying backward effect. This paper uses an instrument variables two-stage-least-squares estimation on the Young Lives 2009 cross-sectional dataset from Andhra Pradesh, India, to understand the aforementioned relationship. The selected measure of household economic standing differentially affects the estimation. There is significant positive effect of both short-run household expenditure and long-run household wealth on child stunting, with the latter having a larger impact. The backward link running from child health to household income is likely an inverse association in our sample with lower child health inducing higher earnings. While higher average community education improved child health, increased community entertainment expenditure is found to have a negative effect. While policies catered towards improving household wealth will decrease child stunting in the long run, maternal education and the community play an equally reinforcing role in improving child health and are perhaps faster routes to achieving the goal of better child health in the short run.

  10. Towards universal health coverage: the role of within-country wealth-related inequality in 28 countries in sub-Saharan Africa.

    Science.gov (United States)

    Hosseinpoor, Ahmad Reza; Victora, Cesar G; Bergen, Nicole; Barros, Aluisio J D; Boerma, Ties

    2011-12-01

    To measure within-country wealth-related inequality in the health service coverage gap of maternal and child health indicators in sub-Saharan Africa and quantify its contribution to the national health service coverage gap. Coverage data for child and maternal health services in 28 sub-Saharan African countries were obtained from the 2000-2008 Demographic Health Survey. For each country, the national coverage gap was determined for an overall health service coverage index and select individual health service indicators. The data were then additively broken down into the coverage gap in the wealthiest quintile (i.e. the proportion of the quintile lacking a required health service) and the population attributable risk (an absolute measure of within-country wealth-related inequality). In 26 countries, within-country wealth-related inequality accounted for more than one quarter of the national overall coverage gap. Reducing such inequality could lower this gap by 16% to 56%, depending on the country. Regarding select individual health service indicators, wealth-related inequality was more common in services such as skilled birth attendance and antenatal care, and less so in family planning, measles immunization, receipt of a third dose of vaccine against diphtheria, pertussis and tetanus and treatment of acute respiratory infections in children under 5 years of age. The contribution of wealth-related inequality to the child and maternal health service coverage gap differs by country and type of health service, warranting case-specific interventions. Targeted policies are most appropriate where high within-country wealth-related inequality exists, and whole-population approaches, where the health-service coverage gap is high in all quintiles.

  11. Does wealth inequality matter for growth? The effect of billionaire wealth, income distribution, and poverty

    Czech Academy of Sciences Publication Activity Database

    Bagchi, S.; Švejnar, Jan

    2015-01-01

    Roč. 43, č. 3 (2015), s. 505-530 ISSN 0147-5967 R&D Projects: GA ČR GA15-24642S Institutional support: RVO:67985998 Keywords : economic growth * wealth inequality * income inequality Subject RIV: AH - Economics Impact factor: 1.380, year: 2015

  12. Where wealth matters more for health: the wealth-health gradient in 16 countries.

    Science.gov (United States)

    Semyonov, Moshe; Lewin-Epstein, Noah; Maskileyson, Dina

    2013-03-01

    Researchers have long demonstrated that persons of high economic status are likely to be healthier than persons of low socioeconomic standing. Cross-national studies have also demonstrated that health of the population tends to increase with country's level of economic development and to decline with level of economic inequality. The present research utilizes data for 16 national samples (of populations fifty years of age and over) to examine whether the relationship between wealth and health at the individual-level is systematically associated with country's level of economic development and country's level of income inequality. The analysis reveals that in all countries rich persons tend to be healthier than poor persons. Furthermore, in all countries the positive association between wealth and health holds even after controlling for socio-demographic attributes and household income. Hierarchical regression analysis leads to two major conclusions: first, country's economic resources increase average health of the population but do not weaken the tie between wealth and health; second, a more equal distribution of economic resources (greater egalitarianism) does not raise health levels of the population but weakens the tie between wealth and health. The latter findings can be mostly attributed to the uniqueness of the US case. The findings and their significance are discussed in light of previous research and theory. Copyright © 2013 Elsevier Ltd. All rights reserved.

  13. Chinese Immigrant Wealth: Heterogeneity in Adaptation

    Science.gov (United States)

    Agius Vallejo, Jody; Aronson, Brian

    2016-01-01

    Chinese immigrants are a diverse and growing group whose members provide a unique opportunity to examine within-immigrant group differences in adaptation. In this paper, we move beyond thinking of national-origin groups as homogenous and study variation among Chinese immigrants in wealth ownership, a critical indicator of adaptation that attracts relatively little attention in the immigration literature. We develop an analytical approach that considers national origin, tenure in the U.S., and age to examine heterogeneity in economic adaptation among the immigrant generation. Our results show that variations among Chinese immigrants explain within-group differences in net worth, asset ownership, and debt. These differences also account for important variation between Chinese immigrants, natives, and other immigrant groups and provide important, new insight into the processes that lead to immigrant adaptation and long-term class stability. PMID:27977737

  14. Human Capital, Wealth, and Renewable Resources

    Directory of Open Access Journals (Sweden)

    Wei-Bin ZHANG

    2014-05-01

    Full Text Available This paper studies dynamic interdependence among physical capital, resource and human capital. We integrate the Solow one-sector growth, Uzawa-Lucas two-sector and some neoclassical growth models with renewable resource models. The economic system consists of the households, production sector, resource sector and education sector. We take account of three ways of improving human capital: Arrow’s learning by producing (Arrow, 1962, Uzawa’s learning by education (Uzawa, 1965, and Zhang’s learning by consuming (Zhang, 2007. The model describes a dynamic interdependence among wealth accumulation, human capital accumulation, resource change, and division of labor under perfect competition. We simulate the model to demonstrate existence of equilibrium points and motion of the dynamic system. We also examine effects of changes in the productivity of the resource sector, the utilization efficiency of human capital, the propensity to receive education, and the propensity to save upon dynamic paths of the system.

  15. Impact of bank mergers on shareholders’ wealth

    Directory of Open Access Journals (Sweden)

    Odero Naor Juma

    2013-07-01

    Full Text Available Mergers and acquisitions (M&As perform a vital role in corporate finance in enabling firms achieve varied objectives and financial strategies. This study sought to comprehend the impacts that previous bank mergers have had on the shareholders’ wealth. The study location was in Kenya and it adopted the descriptive survey and correlation design in which the success of mergers was measured based on the objective oriented model using the annual accounts. The study computed the return on assets (ROA, return on equity (ROE and the efficiency ratio (EFF as indicators of shareholder value. The results of the commercial banks were analysed for a five-year period (2006-2010. The study reveals that mergers significantly influence shareholder value with banks that have undertaken mergers creating more value than those that have not. Such banks were ascertained to have posted better results than the overall sector.

  16. Health, Wealth and the Price of Oil.

    Science.gov (United States)

    Evans, Robert G

    2016-05-01

    The correlation between health and wealth is arguably a very solidly established relationship. Yet that relationship may be reversing. Falling oil prices have raised (average) per capita incomes, worldwide. But from a long-run perspective they are a public health disaster. The latter is easy to see: low oil reduces the incentive to develop alternative energy sources and "bend the curve" of global warming. Their principal impact on incomes has been redistributional - Alberta and Russia lose, Ontario and Germany gain, etc. Zero net gain. But the price has fallen because technical progress in extracting American shale oil has forced the Saudis' hand. These efficiencies have real benefits for (average) incomes, but costs for long-run health. A compensating carbon tax is an obvious response. Copyright © 2016 Longwoods Publishing.

  17. Constrained Dynamic Optimality and Binomial Terminal Wealth

    DEFF Research Database (Denmark)

    Pedersen, J. L.; Peskir, G.

    2018-01-01

    with interest rate $r \\in {R}$). Letting $P_{t,x}$ denote a probability measure under which $X^u$ takes value $x$ at time $t,$ we study the dynamic version of the nonlinear optimal control problem $\\inf_u\\, Var{t,X_t^u}(X_T^u)$ where the infimum is taken over admissible controls $u$ subject to $X_t^u \\ge e...... a martingale method combined with Lagrange multipliers, we derive the dynamically optimal control $u_*^d$ in closed form and prove that the dynamically optimal terminal wealth $X_T^d$ can only take two values $g$ and $\\beta$. This binomial nature of the dynamically optimal strategy stands in sharp contrast...... with other known portfolio selection strategies encountered in the literature. A direct comparison shows that the dynamically optimal (time-consistent) strategy outperforms the statically optimal (time-inconsistent) strategy in the problem....

  18. Chinese Immigrant Wealth: Heterogeneity in Adaptation.

    Science.gov (United States)

    Keister, Lisa A; Agius Vallejo, Jody; Aronson, Brian

    2016-01-01

    Chinese immigrants are a diverse and growing group whose members provide a unique opportunity to examine within-immigrant group differences in adaptation. In this paper, we move beyond thinking of national-origin groups as homogenous and study variation among Chinese immigrants in wealth ownership, a critical indicator of adaptation that attracts relatively little attention in the immigration literature. We develop an analytical approach that considers national origin, tenure in the U.S., and age to examine heterogeneity in economic adaptation among the immigrant generation. Our results show that variations among Chinese immigrants explain within-group differences in net worth, asset ownership, and debt. These differences also account for important variation between Chinese immigrants, natives, and other immigrant groups and provide important, new insight into the processes that lead to immigrant adaptation and long-term class stability.

  19. Chinese Immigrant Wealth: Heterogeneity in Adaptation.

    Directory of Open Access Journals (Sweden)

    Lisa A Keister

    Full Text Available Chinese immigrants are a diverse and growing group whose members provide a unique opportunity to examine within-immigrant group differences in adaptation. In this paper, we move beyond thinking of national-origin groups as homogenous and study variation among Chinese immigrants in wealth ownership, a critical indicator of adaptation that attracts relatively little attention in the immigration literature. We develop an analytical approach that considers national origin, tenure in the U.S., and age to examine heterogeneity in economic adaptation among the immigrant generation. Our results show that variations among Chinese immigrants explain within-group differences in net worth, asset ownership, and debt. These differences also account for important variation between Chinese immigrants, natives, and other immigrant groups and provide important, new insight into the processes that lead to immigrant adaptation and long-term class stability.

  20. The Rise and Fall of Swedish Wealth Taxation

    Directory of Open Access Journals (Sweden)

    Henrekson Magnus

    2014-05-01

    Full Text Available We study the evolution of modern Swedish wealth taxation from its introduction in**1911 until it was abolished in 2007. The rules concerning valuation of assets, deductions/exemptions and tax schedules to characterize effective wealth tax schedules are described. These rules and schedules are used to calculate marginal and average wealth tax rates for three differently endowed owners of family firms and individual fortunes corresponding to a large, medium-sized and small firm. The overall trend in the direct wealth tax was rising until 1971 for owners of large and medium-sized firms and for individuals of equally-sized wealth consisting of non-corporate assets. Average direct wealth tax rates were low until 1934, except for 1913 when a progressive defense tax was levied. There were three major tax hikes: in 1934, when the wealth tax was more than doubled, in 1948 when tax rates were doubled again and in 1971 for owners of large firms and similarly sized non-corporate fortunes. Effective tax rates peaked in 1973 for owners of large firms and in 1983 for individuals with large non-corporate wealth. Reduction rules limited the wealth tax rates from 1934 for fortunes with high wealth/income ratios. The wealth tax on unlisted net business equity was abolished in 1991. Tax rates for wealthy individuals were decreased in 1991 and in 1992 and then remained at 0.5-1 percent through 2006, depending on whether the reduction rule was applicable. Tax rates for small-firm owners and small individual fortunes were substantially lower. Aggregate wealth tax revenues were rela-tively small; they never exceeded 0.4 percent of GDP in the postwar period and amounted to 0.16 percent of GDP in 2006.

  1. The Middle Eastern Wealth Management Industry: Boon or Bust?

    OpenAIRE

    Michael, Bryane; Apostoloski, Nenad

    2014-01-01

    The wealth management industry in the Middle East and North Africa (MENA) represents a roughly $800 billion opportunity. Yet, tapping this opportunity will require new strategies by the wirehouses looking to penetrate into this market. In this paper, we argue that Middle-Eastern policymakers and bankers will need to develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in fo...

  2. The future of personal wealth and inheritance taxation in Norway

    OpenAIRE

    Pekala, Maciek

    2013-01-01

    Many countries have recently abandoned or experienced significant reduction in tax rates and revenues from personal wealth and inheritance taxation. Today, Norway remains one of the few countries that still tax annual wealth and intergenerational wealth transfers. Both taxes however face a substantial opposition and their future remains uncertain. In this paper, a dynamic microsimulation model MOSART developed by Statistics Norway is used to project and discuss future revenues and distributio...

  3. Financial Service of Wealth Management Banking: Balanced Scorecard Approach

    OpenAIRE

    Cheng-Ru Wu; Chin-Tsai Lin; Pei-Hsuan Tsai

    2008-01-01

    Problem Statement: There are four main banking business sectors in Taiwan, involving the areas of consumer, corporate, wealth management, and investment banking. The wealth management banking sector is actively promoted for reaping a risk-free premium. In the proposed model, the dimensions of financial services for wealth management banks have been taken from four perspectives derived from balanced scorecard approach, viz. finance, customer, internal business, learning and growth. Approach: T...

  4. Souverinity Wealth Funds (Swfs): Kapitalisme Baru oleh Negara?

    OpenAIRE

    -, Ambarwati

    2011-01-01

    A sovereign wealth funds (SWFs) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Its invest globally and have been around for decades but since 2000, the number of sovereign wealth funds has increased dramatically. This article try to understand what is SWFs, Why does a nation need SWFs, and try to understand the position of SWFs in the global financial market. Key words: sovereign wealth funds a...

  5. Wealth Distribution and Mobility in Denmark: a Longitudinal Study

    DEFF Research Database (Denmark)

    Bentzen, Jan Børsen; Schmidt-Sørensen, Jan Beyer

    1994-01-01

    We describe and analyse wealth mobility in a national sample of 32,675 individuals from the Danish Longitudinal Database over the period from 1983 to 1990. A transition matrix, the Shorrocks measure, average decile position for various subgroups, and wealth in 1990 compared with wealth in 1983...... are used to describe patterns of wealth mobility. These results and regression models of change in percentile position identify winners and losers. The losers include students, singles with children, those who changed residence and those who experienced unemployment, while the winners were the houseowners...

  6. Entrepreneurs, Chance, and the Deterministic Concentration of Wealth

    Science.gov (United States)

    Fargione, Joseph E.; Lehman, Clarence; Polasky, Stephen

    2011-01-01

    In many economies, wealth is strikingly concentrated. Entrepreneurs–individuals with ownership in for-profit enterprises–comprise a large portion of the wealthiest individuals, and their behavior may help explain patterns in the national distribution of wealth. Entrepreneurs are less diversified and more heavily invested in their own companies than is commonly assumed in economic models. We present an intentionally simplified individual-based model of wealth generation among entrepreneurs to assess the role of chance and determinism in the distribution of wealth. We demonstrate that chance alone, combined with the deterministic effects of compounding returns, can lead to unlimited concentration of wealth, such that the percentage of all wealth owned by a few entrepreneurs eventually approaches 100%. Specifically, concentration of wealth results when the rate of return on investment varies by entrepreneur and by time. This result is robust to inclusion of realities such as differing skill among entrepreneurs. The most likely overall growth rate of the economy decreases as businesses become less diverse, suggesting that high concentrations of wealth may adversely affect a country's economic growth. We show that a tax on large inherited fortunes, applied to a small portion of the most fortunate in the population, can efficiently arrest the concentration of wealth at intermediate levels. PMID:21814540

  7. WEALTH MANAGEMENT STRATEGIES IN THE ERA OF E-COMMERCE

    Directory of Open Access Journals (Sweden)

    Mohammed Shahedul QUADER

    2011-06-01

    Full Text Available This paper looks at the key strategies being applied by wealth management and their competitive position.Each approach has merits, although the multi-channel ‘single brand’ approach seems to be gathering momentum. Ecommercefacilitates differentiation and requires focus, whilst making cost leadership more difficult Choices betweenbeing a traditional or extended wealth manager, or simply a wealth product provider, are increasingly being made.Moreover need for strategic choice in the wealth management market is presented, before looking in more detail at thewealth management strategies commonly adopted. The relative success of each is considered, together with thecompetitive advantages to be gained.

  8. Revisiting r > g-The asymptotic dynamics of wealth inequality

    Science.gov (United States)

    Berman, Yonatan; Shapira, Yoash

    2017-02-01

    Studying the underlying mechanisms of wealth inequality dynamics is essential for its understanding and for policy aiming to regulate its level. We apply a heterogeneous non-interacting agent-based modeling approach, solved using iterated maps to model the dynamics of wealth inequality based on 3 parameters-the economic output growth rate g, the capital value change rate a and the personal savings rate s and show that for a income distribution. If a > g, the wealth distribution constantly becomes more and more inegalitarian. We also show that when a economic output, which also implies that the wealth-disposable income ratio asymptotically converges to s /(g - a) .

  9. NATIONAL WEALTH ASSESSMENT AND UTILIZATION IN TRANSITION ECONOMIES

    Directory of Open Access Journals (Sweden)

    J. Martinavičius

    2013-03-01

    Full Text Available The economy’s power and capacities could be measured using different methodologies and numerous macroindicators. The national wealth definition provides an opportunity to reveal not only accumulated resources, but also exposes a real potential of the country and the path for sustainable development. Wealth measurements for transition countries could show the long term development rationality, comparing national wealth structure and its components for different countries. The two methodologies – National Accounts System and World Bank Measuring of wealth, and the obtained comparison results are discussed in the paper.

  10. Friend Effects and Racial Disparities in Academic Achievement

    Directory of Open Access Journals (Sweden)

    Jennifer Flashman

    2014-07-01

    Full Text Available Racial disparities in achievement are a persistent fact of the US educational system. An often cited but rarely directly studied explanation for these disparities is that adolescents from different racial and ethnic backgrounds are exposed to different peers and have different friends. In this article I identify the impact of friends on racial and ethnic achievement disparities. Using data from Add Health and an instrumental variable approach, I show that the achievement characteristics of youths’ friends drive friend effects; adolescents with friends with higher grades are more likely to increase their grades compared to those with lower-achieving friends. Although these effects do not differ across race/ethnicity, given differences in friendship patterns, if black and Latino adolescents had friends with the achievement characteristics of white students, the GPA gap would be 17 to 19 percent smaller. Although modest, this effect represents an important and often overlooked source of difference among black and Latino youth.

  11. Grand Advantage: Family Wealth and Grandchildren's Educational Achievement in Sweden.

    Science.gov (United States)

    Hällsten, Martin; Pfeffer, Fabian T

    2017-04-01

    We study the role of family wealth for children's educational achievement using novel and unique Swedish register data. In particular, we focus on the relationship between grandparents' wealth and their grandchildren's educational achievement. Doing so allows us to reliably establish the independent role of wealth in contributing to long-term inequalities in opportunity. We use regression models with rich controls to account for observed socioeconomic characteristics of families, cousin fixed effects to net out potentially unobserved grandparental effects, and marginal structural models to account for endogenous selection. We find substantial associations between grandparents' wealth and their grandchildren's grade point averages (GPA) in the 9th grade that are only partly mediated by the socioeconomic characteristics and wealth of parents. Our findings indicate that family wealth inequality - even in a comparatively egalitarian context like Sweden - has profound consequences for the distribution of opportunity across multiple generations. We posit that our estimates of the long-term consequences of wealth inequality may be conservative for nations other than Sweden, like the United States, where family wealth - in addition to its insurance and normative functions - allows the direct purchase of educational quality and access.

  12. Wealth Inequality in the Netherlands, c. 1950-2015

    NARCIS (Netherlands)

    Bavel, van Bas; Frankema, Ewout

    2017-01-01

    This paper reviews the available evidence on post-war trends in Dutch private wealth inequality using a range of scattered sources. Wealth tax records suggest a substantial decline in inequality to the 1970s and, more tentatively, a gradual rise thereafter. In the post-1990 years,

  13. Elements of Property Wealth and Educational Expenditures in Illinois.

    Science.gov (United States)

    Lows, Raymond L.; Ho, Fanny

    This study examines the relationships between various elements of property wealth and operating expenditures per pupil by types of school district--elementary (K-8), high (9-12), and unit (K-12). Elements of property wealth were defined as the equalized assessed valuation per pupil for each of the following property tax classifications:…

  14. Housing wealth and US money demand : A panel estimation

    NARCIS (Netherlands)

    Arnold, I.J.M.; Roelands, S.

    2011-01-01

    This article estimates a panel model for U.S. money demand using annual state-level data for the period from 1977 to 2008. We incorporate housing wealth in the demand-for-money function and find strong evidence of a relationship between a broad monetary aggregate and housing wealth. This finding is

  15. Assessing alternative measures of wealth in health research.

    Science.gov (United States)

    Cubbin, Catherine; Pollack, Craig; Flaherty, Brian; Hayward, Mark; Sania, Ayesha; Vallone, Donna; Braveman, Paula

    2011-05-01

    We assessed whether it would be feasible to replace the standard measure of net worth with simpler measures of wealth in population-based studies examining associations between wealth and health. We used data from the 2004 Survey of Consumer Finances (respondents aged 25-64 years) and the 2004 Health and Retirement Survey (respondents aged 50 years or older) to construct logistic regression models relating wealth to health status and smoking. For our wealth measure, we used the standard measure of net worth as well as 9 simpler measures of wealth, and we compared results among the 10 models. In both data sets and for both health indicators, models using simpler wealth measures generated conclusions about the association between wealth and health that were similar to the conclusions generated by models using net worth. The magnitude and significance of the odds ratios were similar for the covariates in multivariate models, and the model-fit statistics for models using these simpler measures were similar to those for models using net worth. Our findings suggest that simpler measures of wealth may be acceptable in population-based studies of health.

  16. Livelihood Activities And Wealth Ranking Among Rural Households ...

    African Journals Online (AJOL)

    Livelihood Activities And Wealth Ranking Among Rural Households In The Farming Systems Of Western Kenya. ... African Journal of Livestock Extension ... The study examined the relationship between the livelihood activities of rural households in the farming systems of Western Kenya in relation to their wealth. A stratified ...

  17. Constraints on credit, consumer behavior and the dynamics of wealth

    Directory of Open Access Journals (Sweden)

    Gomes Costa Orlando

    2009-01-01

    Full Text Available This paper develops a simple macroeconomic model where the pattern of wealth accumulation is determined by a credit multiplier and the way households react to short-term fluctuations. Given this setup, long term wealth dynamics are eventually characterized by the presence of endogenous cycles.

  18. Local distributions of wealth to describe health inequalities in India: a new approach for analyzing nationally representative household survey data, 1992-2008.

    Science.gov (United States)

    Bassani, Diego G; Corsi, Daniel J; Gaffey, Michelle F; Barros, Aluisio J D

    2014-01-01

    Worse health outcomes including higher morbidity and mortality are most often observed among the poorest fractions of a population. In this paper we present and validate national, regional and state-level distributions of national wealth index scores, for urban and rural populations, derived from household asset data collected in six survey rounds in India between 1992-3 and 2007-8. These new indices and their sub-national distributions allow for comparative analyses of a standardized measure of wealth across time and at various levels of population aggregation in India. Indices were derived through principal components analysis (PCA) performed using standardized variables from a correlation matrix to minimize differences in variance. Valid and simple indices were constructed with the minimum number of assets needed to produce scores with enough variability to allow definition of unique decile cut-off points in each urban and rural area of all states. For all indices, the first PCA components explained between 36% and 43% of the variance in household assets. Using sub-national distributions of national wealth index scores, mean height-for-age z-scores increased from the poorest to the richest wealth quintiles for all surveys, and stunting prevalence was higher among the poorest and lower among the wealthiest. Urban and rural decile cut-off values for India, for the six regions and for the 24 major states revealed large variability in wealth by geographical area and level, and rural wealth score gaps exceeded those observed in urban areas. The large variability in sub-national distributions of national wealth index scores indicates the importance of accounting for such variation when constructing wealth indices and deriving score distribution cut-off points. Such an approach allows for proper within-sample economic classification, resulting in scores that are valid indicators of wealth and correlate well with health outcomes, and enables wealth-related analyses at

  19. Mineral wealth and the economic transition: Kazakhstan

    International Nuclear Information System (INIS)

    Auty, R.M.

    1998-01-01

    The exploitation of mineral wealth can amplify the problems of the transition economies in three basic ways. First, the rebound of the real exchange rate that characterises a successful transition may be augmented by the capital inflow required to expand mineral production. This can cause both recession in the short-run and lower growth in the medium-term. Second, when the mineral revenues expand, the Dutch Disease effects may intensify the transition-related shrinkage of the non-mining tradable sector, thereby retarding economic diversification and rendering the economy vulnerable to external shocks. Third, a mineral boom tends to concentrate revenue on the government, which may use it to postpone difficult decisions on economic reform and/or dissipate the revenue due to weak financial markets and inadequate public accountability. Kazakhstan, like oil-rich Azerbaijan, is a late reformer and displays evidence of a faster transition rebound than other less resource-rich countries in the CIS do. However, Kazakhstan has two advantages over Azerbaijan. First, Kazakhstan has a more diversified mineral endowment with which to counter any trend towards single commodity specialization. Second, Kazakhstan is making a later start on oil expansion so that it can learn from the experience of Azerbaijan. Priorities for Kazakhstan are the continuation of prudent economic policies, the creation of institutions to enhance the transparency of the revenue flows, and the use of environmental accounting to provide a rationale for the deployment of the oil rents. (author)

  20. Trayvon Martin: Racial Profiling, Black Male Stigma, and Social Work Practice.

    Science.gov (United States)

    Teasley, Martell Lee; Schiele, Jerome H; Adams, Charles; Okilwa, Nathern S

    2018-01-01

    To address a critical gap in the social work literature, this article examines the deleterious effects of racial profiling as it pertains to police targeting of male African Americans. The authors use the Trayvon Martin court case to exemplify how racial profiling and black male stigma help perpetuate social inequality and injustice for black men. A racism-centered perspective is examined historically and contemporarily as a theoretical approach to understanding the role that race plays in social injustice through racial profiling. Implications for social work research design and practice aimed at increasing the social work knowledge base on racial profiling are discussed. The authors call for attention and advocacy by major social work organizations in the reduction of black male stigma and racial profiling. © 2017 National Association of Social Workers.

  1. Multiple chronic health conditions and their link with wealth assets.

    Science.gov (United States)

    Schofield, Deborah J; Callander, Emily J; Shrestha, Rupendra N; Passey, Megan E; Kelly, Simon J; Percival, Richard

    2015-04-01

    There has been little research on the economic status of those with multiple health conditions, particularly on the relationship between multiple health conditions and wealth. This paper will assess the difference in the value and type of wealth assets held by Australians who have multiple chronic health conditions. Using Health&WealthMOD, a microsimulation model of the 45-64-year-old Australian population in 2009, a counterfactual analysis was undertaken. The actual proportion of people with different numbers of chronic health conditions with any wealth, and the value of this wealth was estimated. This was compared with the counterfactual values had the individuals had no chronic health conditions. There was no change in the proportion of people with one health condition who actually had any wealth, compared to the counterfactual proportion had they had no chronic health conditions. Ninety-four percent of those with four or more health conditions had some accumulated wealth; however, under the counterfactual, 100% would have had some accumulated wealth. There was little change in the value of non-income-producing assets under the counterfactual, regardless of number of health conditions. Those with four or more chronic health conditions had a mean value of $17 000 in income-producing assets; under the counterfactual, the average would have been $78 000. This study has highlighted the variation in the value of wealth according to number of chronic health conditions, and hence the importance of considering multiple morbidities when discussing the relationship between health and wealth. © The Author 2014. Published by Oxford University Press on behalf of the European Public Health Association. All rights reserved.

  2. The American Family in Black and White: A Post-Racial Strategy for Improving Skills to Promote Equality. NBER Working Paper No. 16841

    Science.gov (United States)

    Heckman, James J.

    2011-01-01

    In contemporary America, racial gaps in achievement are primarily due to gaps in skills. Skill gaps emerge early before children enter school. Families are major producers of those skills. Inequality in performance in school is strongly linked to inequality in family environments. Schools do little to reduce or enlarge the gaps in skills that are…

  3. Utilisation of health services and the poor: deconstructing wealth-based differences in facility-based delivery in the Philippines.

    Science.gov (United States)

    Hodge, Andrew; Firth, Sonja; Bermejo, Raoul; Zeck, Willibald; Jimenez-Soto, Eliana

    2016-07-06

    Despite achieving some success, wealth-related disparities in the utilisation of maternal and child health services persist in the Philippines. The aim of this study is to decompose the principal factors driving the wealth-based utilisation gap. Using national representative data from the 2013 Philippines Demographic and Health Survey, we examine the extent overall differences in the utilisation of maternal health services can be explained by observable factors. We apply nonlinear Blinder-Oaxaca-type decomposition methods to quantify the effect of differences in measurable characteristics on the wealth-based coverage gap in facility-based delivery. The mean coverage of facility-based deliveries was respectively 41.1 % and 74.6 % for poor and non-poor households. Between 67 and 69 % of the wealth-based coverage gap was explained by differences in observed characteristics. After controlling for factors characterising the socioeconomic status of the household (i.e. the mothers' and her partners' education and occupation), the birth order of the child was the major factor contributing to the disparity. Mothers' religion and the subjective distance to the health facility were also noteworthy. This study has found moderate wealth-based disparities in the utilisation of institutional delivery in the Philippines. The results confirm the importance of recent efforts made by the Philippine government to implement equitable, pro-poor focused health programs in the most deprived geographic areas of the country. The importance of addressing the social determinants of health, particularly education, as well as developing and implementing effective strategies to encourage institutional delivery for higher order births, should be prioritised.

  4. Statistical Mechanics of Money, Income, and Wealth

    Science.gov (United States)

    Yakovenko, Victor

    2006-03-01

    In Ref. [1], we proposed an analogy between the exponential Boltzmann-Gibbs distribution of energy in physics and the equilibrium probability distribution of money in a closed economic system. Analogously to energy, money is locally conserved in interactions between economic agents, so the thermal Boltzmann-Gibbs distribution function is expected for money. Since then, many researchers followed and expanded this idea [2]. Much work was done on the analysis of empirical data, mostly on income, for which a lot of tax and census data is available. We demonstrated [3] that income distribution in the USA has a well-defined two-class structure. The majority of population (97-99%) belongs to the lower class characterized by the exponential Boltzmann-Gibbs (``thermal'') distribution. The upper class (1-3% of population) has a Pareto power-law (``superthermal'') distribution, whose parameters change in time with the rise and fall of stock market. We proposed a concept of equilibrium inequality in a society, based on the principle of maximal entropy, and quantitatively demonstrated that it applies to the majority of population. Income distribution in other countries shows similar patterns. For more references, see http://www2.physics.umd.edu/˜yakovenk/econophysics.html. References: [1] A. A. Dragulescu and V. M. Yakovenko, ``Statistical mechanics of money'', Eur. Phys. J. B 17, 723 (2000). [2] ``Econophysics of Wealth Distributions'', edited by A. Chatterjee, S. Yarlagadda, and B. K. Chakrabarti, Springer, 2005. [3] A. C. Silva and V. M. Yakovenko, ``Temporal evolution of the `thermal' and `superthermal' income classes in the USA during 1983-2001'', Europhys. Lett. 69, 304 (2005).

  5. Inequality and visibility of wealth in experimental social networks.

    Science.gov (United States)

    Nishi, Akihiro; Shirado, Hirokazu; Rand, David G; Christakis, Nicholas A

    2015-10-15

    Humans prefer relatively equal distributions of resources, yet societies have varying degrees of economic inequality. To investigate some of the possible determinants and consequences of inequality, here we perform experiments involving a networked public goods game in which subjects interact and gain or lose wealth. Subjects (n = 1,462) were randomly assigned to have higher or lower initial endowments, and were embedded within social networks with three levels of economic inequality (Gini coefficient = 0.0, 0.2, and 0.4). In addition, we manipulated the visibility of the wealth of network neighbours. We show that wealth visibility facilitates the downstream consequences of initial inequality-in initially more unequal situations, wealth visibility leads to greater inequality than when wealth is invisible. This result reflects a heterogeneous response to visibility in richer versus poorer subjects. We also find that making wealth visible has adverse welfare consequences, yielding lower levels of overall cooperation, inter-connectedness, and wealth. High initial levels of economic inequality alone, however, have relatively few deleterious welfare effects.

  6. Ecosystem-based management and the wealth of ecosystems

    Science.gov (United States)

    Yun, Seong Do; Hutniczak, Barbara; Abbott, Joshua K.; Fenichel, Eli P.

    2017-01-01

    We merge inclusive wealth theory with ecosystem-based management (EBM) to address two challenges in the science of sustainable management of ecosystems. First, we generalize natural capital theory to approximate realized shadow prices for multiple interacting natural capital stocks (species) making up an ecosystem. These prices enable ecosystem components to be better included in wealth-based sustainability measures. We show that ecosystems are best envisioned as portfolios of assets, where the portfolio’s performance depends on the performance of the underlying assets influenced by their interactions. Second, changes in ecosystem wealth provide an attractive headline index for EBM, regardless of whether ecosystem wealth is ultimately included in a broader wealth index. We apply our approach to the Baltic Sea ecosystem, focusing on the interacting community of three commercially important fish species: cod, herring, and sprat. Our results incorporate supporting services embodied in the shadow price of a species through its trophic interactions. Prey fish have greater shadow prices than expected based on market value, and predatory fish have lower shadow prices than expected based on market value. These results are because correctly measured shadow prices reflect interdependence and limits to substitution. We project that ecosystem wealth in the Baltic Sea fishery ecosystem generally increases conditional on the EBM-inspired multispecies maximum sustainable yield management beginning in 2017, whereas continuing the current single-species management generally results in declining wealth. PMID:28588145

  7. More Opportunities than Wealth. A Network of Power and Frustration

    Energy Technology Data Exchange (ETDEWEB)

    Mahault, Benoit Alexandre [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Saxena, Avadh Behari [Los Alamos National Lab. (LANL), Los Alamos, NM (United States); Nisoli, Cristiano [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

    2015-08-17

    We introduce a minimal agent-based model to qualitatively conceptualize the allocation of limited wealth among more abundant opportunities. We study the interplay of power, satisfaction and frustration in the problem of wealth distribution, concentration, and inequality. This framework allows us to compare subjective measures of frustration and satisfaction to collective measures of fairness in wealth distribution, such as the Lorenz curve and the Gini index. We find that a completely libertarian, law-of-the-jungle setting, where every agent can acquire wealth from, or lose wealth to, anybody else invariably leads to a complete polarization of the distribution of wealth vs. opportunity, only minimally ameliorated by disorder in a non-optimized society. The picture is however dramatically modified when hard constraints are imposed over agents, and they are forced to share wealth with neighbors on a network. We discuss the case of random networks and scale free networks. We then propose an out of equilibrium dynamics of the networks, based on a competition of power and frustration in the decision-making of agents that leads to network evolution. We show that the ratio of power and frustration controls different dynamical regimes separated by kinetic transition and characterized by drastically different values of the indices of equality.

  8. Wealth, fertility and adaptive behaviour in industrial populations

    Science.gov (United States)

    2016-01-01

    The lack of association between wealth and fertility in contemporary industrialized populations has often been used to question the value of an evolutionary perspective on human behaviour. Here, we first present the history of this debate, and the evolutionary explanations for why wealth and fertility (the number of children) are decoupled in modern industrial settings. We suggest that the nature of the relationship between wealth and fertility remains an open question because of the multi-faceted nature of wealth, and because existing cross-sectional studies are ambiguous with respect to how material wealth and fertility are linked. A literature review of longitudinal studies on wealth and fertility shows that the majority of these report positive effects of wealth, although levels of fertility seem to fall below those that would maximize fitness. We emphasize that reproductive decision-making reflects a complex interplay between individual and societal factors that resists simple evolutionary interpretation, and highlight the role of economic insecurity in fertility decisions. We conclude by discussing whether the wealth–fertility relationship can inform us about the adaptiveness of modern fertility behaviour, and argue against simplistic claims regarding maladaptive behaviour in humans. PMID:27022080

  9. Wealth inequality and health: a political economy perspective.

    Science.gov (United States)

    Nowatzki, Nadine R

    2012-01-01

    Despite a plethora of studies on income inequality and health, researchers have been unable to make any firm conclusions as a result of methodological and theoretical limitations. Within this body of research, there has been a call for studies of wealth inequality and health. Wealth is far more unequally distributed than income and is conceptually unique from income. This paper discusses the results of bivariate cross-sectional analyses of the relationship between wealth inequality (Gini coefficient) and population health (life expectancy and infant mortality) in 14 wealthy countries. The results confirm that wealth inequality is associated with poor population health. Both unweighted and weighted correlations between wealth inequality and health are strong and significant, even after controlling for a variety of potential aggregate-level confounders, including gross domestic product per capita, and after excluding the United States, the most unequal country. The results are strongest for female life expectancy and infant mortality. The author outlines potential pathways through which wealth inequality might affect health, using specific countries to illustrate. The article concludes with policy recommendations that could contribute to a more equitable distribution of wealth and, ultimately, decreased health disparities.

  10. Ecosystem-based management and the wealth of ecosystems.

    Science.gov (United States)

    Yun, Seong Do; Hutniczak, Barbara; Abbott, Joshua K; Fenichel, Eli P

    2017-06-20

    We merge inclusive wealth theory with ecosystem-based management (EBM) to address two challenges in the science of sustainable management of ecosystems. First, we generalize natural capital theory to approximate realized shadow prices for multiple interacting natural capital stocks (species) making up an ecosystem. These prices enable ecosystem components to be better included in wealth-based sustainability measures. We show that ecosystems are best envisioned as portfolios of assets, where the portfolio's performance depends on the performance of the underlying assets influenced by their interactions. Second, changes in ecosystem wealth provide an attractive headline index for EBM, regardless of whether ecosystem wealth is ultimately included in a broader wealth index. We apply our approach to the Baltic Sea ecosystem, focusing on the interacting community of three commercially important fish species: cod, herring, and sprat. Our results incorporate supporting services embodied in the shadow price of a species through its trophic interactions. Prey fish have greater shadow prices than expected based on market value, and predatory fish have lower shadow prices than expected based on market value. These results are because correctly measured shadow prices reflect interdependence and limits to substitution. We project that ecosystem wealth in the Baltic Sea fishery ecosystem generally increases conditional on the EBM-inspired multispecies maximum sustainable yield management beginning in 2017, whereas continuing the current single-species management generally results in declining wealth.

  11. Wealth and well-being, economic growth, and integral development.

    Science.gov (United States)

    Bunge, Mario

    2012-01-01

    This essay tackles a bimillenary problem in psychology, ethics, economics, and political philosophy: that of the relations between wealth and well-being. What are they, and should we live for pleasure, or rather seek to live a full and useful life? This is the ancient dilemma between hedonism, the cult of pleasure, and eudemonism, the search for a good life. Economists, almost without exception, have opted for hedonism, but they have not found out what percentage of the goods that ordinary people want are not merchandises. This gap is currently being filled by psychologists, sociologists, socioeconomists, and other workers in the new "science of happiness". Their main finding, that happiness is not for sale, might surprise the orthodox economists. On the social level, the former problem, concerning individuals, gets translated into the question of national development: what kind of development should we seek, and for whom? In particular, should economic growth be prioritized, or should we promote the simultaneous development of all sectors of society, including the political and cultural? In either case, should development benefit the chosen few or everybody? And should it enhance the well-being of the individual and make that of her offspring possible? This problem, of course, lies at the intersection of three sciences--psychology, economics, and political science--and two chapters of philosophy--ethics and political philosophy. Consequently, anyone daring to propose original solutions to the problem in question will risk being criticized by experts distributed among these five fields, who are not used to talking to one another.

  12. Wealth, income, and health before and after retirement.

    Science.gov (United States)

    Geyer, Siegfried; Spreckelsen, Ove; von dem Knesebeck, Olaf

    2014-11-01

    It was supposed that associations of wealth and health might be higher after retirement than in the economically active periods of life, but no comparisons were available. Most studies on wealth were based on net worth, a measure combining several elements of wealth into an index. We examined associations between different elements of wealth and health by comparing retired women and men with economically active ones. Data were drawn from the German Socio-Economic Panel, a nationwide longitudinal survey project. Two waves (2002 and 2007) included indicators of wealth in addition to household income and education. Wealth was not depicted by an index. Instead, debts, property of life insurances, home ownership and assets were considered separately with their associations with self-rated health. Two data sets were used to examine whether the results were occasional, or whether they can be replicated. Associations of income and education emerged in respondents in their active periods of life. In most cases indicators of wealth were associated with subjective health. In retired respondents home ownership was the only indicator yielding consistent associations with health, but their sizes turned out as rather moderate. Contrary to expectation, the associations of wealth and health were inconsistent in the retired study population. These results were obtained in a country with national pension schemes, and it has to be examined whether the findings can be generalised to other countries. The inconsistent findings of indicators of wealth are calling the utility of net worth into question. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://group.bmj.com/group/rights-licensing/permissions.

  13. Racial Prejudice, Interracial Contact, and Personality Variables.

    Science.gov (United States)

    Moore, J. William; And Others

    1984-01-01

    This study examined the relationship of childrens' racial prejudice to child's race, interracial contact, grade, sex, intelligence, locus of control, anxiety, and self-concept. Five facets of racial prejudice were examined: a total index of racial prejudice, dating and marriage, school, social relationships, and racial interactions in restaurants.…

  14. SMEs’ Wealth Creation Model of an Emerging Economy

    Directory of Open Access Journals (Sweden)

    Olalekan Usiobaifo ASIKHIA

    2016-05-01

    Full Text Available This article synthesizes the evidence on SMEs’ wealth creation in an emerging economy, paying particular attention to human resource/expertise, technology adoption, innovation and creativity, unit economies, organizational infrastructure and strategy as determinants of SMEs’ wealth creation. A survey of 581 Nigerian SMEs was conducted and the data was analysed and tested using multiple regression and structural equation modelling. The findings revealed Human resource/CEOs expertise as the highest contributory factor to wealth creation within the firm in the industrial and the commercial sectors. The relevant domains were modelled and relevant policy adjustments were suggested.

  15. Income and Wealth Inequality in America, 1949-2013

    OpenAIRE

    Kuhn, Moritz; Schularick, Moritz; Steins, Ulrike I.

    2017-01-01

    This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF). Complementing recent work on top income and wealth shares, the long-run survey data give a granular picture of trends in the bottom 90% of the population. The new data confirm a substantial widening of income and wealth disparities since the 1970s. We sho...

  16. Top wealth shares in Australia 1915-2012

    OpenAIRE

    Katic, Pamela; Leigh, Andrew

    2016-01-01

    Combining data from surveys, inheritance tax records, and rich lists, we estimate top wealth shares for Australia from World War I until the present day. We find that the top 1 percent share declined by two-thirds from 1915 until the late 1960s, and rose from the late 1970s to 2010. The recent increase is sharpest at the top of the distribution, with the top 0.001 percent wealth share tripling from 1984 to 2012. The trend in top wealth shares is similar to that in Australian top income shares...

  17. Comparison of two approaches for measuring household wealth via an asset-based index in rural and peri-urban settings of Hunan province, China

    Directory of Open Access Journals (Sweden)

    Balen Julie

    2010-09-01

    Full Text Available Abstract Background There are growing concerns regarding inequities in health, with poverty being an important determinant of health as well as a product of health status. Within the People's Republic of China (P.R. China, disparities in socio-economic position are apparent, with the rural-urban gap of particular concern. Our aim was to compare direct and proxy methods of estimating household wealth in a rural and a peri-urban setting of Hunan province, P.R. China. Methods We collected data on ownership of household durable assets, housing characteristics, and utility and sanitation variables in two village-wide surveys in Hunan province. We employed principal components analysis (PCA and principal axis factoring (PAF to generate household asset-based proxy wealth indices. Households were grouped into quartiles, from 'most wealthy' to 'most poor'. We compared the estimated household wealth for each approach. Asset-based proxy wealth indices were compared to those based on self-reported average annual income and savings at the household level. Results Spearman's rank correlation analysis revealed that PCA and PAF yielded similar results, indicating that either approach may be used for estimating household wealth. In both settings investigated, the two indices were significantly associated with self-reported average annual income and combined income and savings, but not with savings alone. However, low correlation coefficients between the proxy and direct measures of wealth indicated that they are not complementary. We found wide disparities in ownership of household durable assets, and utility and sanitation variables, within and between settings. Conclusion PCA and PAF yielded almost identical results and generated robust proxy wealth indices and categories. Pooled data from the rural and peri-urban settings highlighted structural differences in wealth, most likely a result of localized urbanization and modernization. Further research is needed

  18. Racial Identity and Racial Treatment of Mexican Americans.

    Science.gov (United States)

    Ortiz, Vilma; Telles, Edward

    2012-04-01

    How racial barriers play in the experiences of Mexican Americans has been hotly debated. Some consider Mexican Americans similar to European Americans of a century ago that arrived in the United States with modest backgrounds but were eventually able to participate fully in society. In contrast, others argue that Mexican Americans have been racialized throughout U.S. history and this limits their participation in society. The evidence of persistent educational disadvantages across generations and frequent reports of discrimination and stereotyping support the racialization argument. In this paper, we explore the ways in which race plays a role in the lives of Mexican Americans by examining how education, racial characteristics, social interactions, relate to racial outcomes. We use the Mexican American Study Project, a unique data set based on a 1965 survey of Mexican Americans in Los Angeles and San Antonio combined with surveys of the same respondents and their adult children in 2000, thereby creating a longitudinal and intergenerational data set. First, we found that darker Mexican Americans, therefore appearing more stereotypically Mexican, report more experiences of discrimination. Second, darker men report much more discrimination than lighter men and than women overall. Third, more educated Mexican Americans experience more stereotyping and discrimination than their less-educated counterparts, which is partly due to their greater contact with Whites. Lastly, having greater contact with Whites leads to experiencing more stereotyping and discrimination. Our results are indicative of the ways in which Mexican Americans are racialized in the United States.

  19. The Racial Generation Gap and the Future for Our Children

    Science.gov (United States)

    Lesley, Bruce

    2016-01-01

    Children are not faring well in America. Over the course of the current campaign cycle, eight million children will be born in this country. If our nation's elected leaders do nothing, more than 75,000 of those children below the age of 2 will be abused or neglected, over 500,000 will be uninsured, and nearly two million will live in poverty.…

  20. The Treatment of Wealth Distribution by High School Economics Textbooks

    Science.gov (United States)

    Neumann, Richard

    2014-01-01

    This article presents findings from an investigation of the treatment of wealth distribution by high school economics textbooks. The eight leading high school economics texts in the United States were examined.

  1. Inequality measures for wealth distribution: Population vs individuals perspective

    Science.gov (United States)

    Pascoal, R.; Rocha, H.

    2018-02-01

    Economic inequality is, nowadays, frequently perceived as following a growing trend with impact on political and religious agendas. However, there is a wide range of inequality measures, each of which pointing to a possibly different degree of inequality. Furthermore, regardless of the measure used, it only acknowledges the momentary population inequality, failing to capture the individuals evolution over time. In this paper, several inequality measures were analyzed in order to compare the typical single time instant degree of wealth inequality (population perspective) to the one obtained from the individuals' wealth mean over several time instants (individuals perspective). The proposed generalization of a simple addictive model, for limited time average of individual's wealth, allows us to verify that the typically used inequality measures for a given snapshot instant of the population significantly overestimate the individuals' wealth inequality over time. Moreover, that is more extreme for the ratios than for the indices analyzed.

  2. Macroeconomic Considerations and Motives of Sovereign Wealth Funds Activity

    Directory of Open Access Journals (Sweden)

    Dariusz Urban

    2011-06-01

    Full Text Available Sovereign wealth funds are entities regarded as an institutional innovation in the international financial market. Due to the nature of the ownership rights, the investment activity of such entities is still highly controversial. Objections against sovereign wealth funds included the alleged extraeconomic goals of their activity. This article attempts to show that the establishment development and operation of sovereign wealth funds are determined by economic factors. The study presents a description of the international monetary system and the motives for building foreign exchange reserves by countries. It has been evidenced on the basis of the most recent data that some countries have reserves considerably exceeding the level regarded as optimal for the economy. The article presents benefits for the economy from the use of sovereign wealth funds to manage excessive foreign exchange reserves.

  3. Racial Differences in Job Satisfaction

    National Research Council Canada - National Science Library

    Marshall-Miles, Joanne

    2000-01-01

    ..., and overall quality of Army life. Black soldiers also subscribe to more egalitarian attitudes concerning male/female work teams and performance but are more negative about racial discrimination and equal opportunity issues...

  4. The Dynamics of Market Insurance, Insurable Assets, and Wealth Accumulation

    OpenAIRE

    Koeniger, Winfried

    2002-01-01

    We analyze dynamic interactions between market insurance, the stock of insurable assets and liquid wealth accumulation in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households can insure. Since the model does not have a closed form solution we first provide an analytical approximation for the case in which households own abundant liquid wealth. It turns out that precautionary motives still matter because of fluctuations of the p...

  5. Destabilizing the American Racial Order

    OpenAIRE

    Hochschild, Jennifer L.; Weaver, Vesla; Burch, Traci

    2011-01-01

    Are racial disparities in the United States just as deep-rooted as they were before the 2008 presidential election, largely eliminated, or persistent but on the decline? One can easily find all of these pronouncements; rather than trying to adjudicate among them, this essay seeks to identify what is changing in the American racial order, what persists or is becoming even more entrenched, and what is likely to affect the balance between change and continuity. The authors focus on young America...

  6. Racial Profiling and Criminal Justice

    DEFF Research Database (Denmark)

    Ryberg, Jesper

    2011-01-01

    According to the main argument in favour of the practice of racial profiling as a low enforcement tactic, the use of race as a targeting factor helps the police to apprehend more criminals. In the following, this argument is challenged. It is argued that, given the assumption that criminals...... are currently being punished too severely in Western countries, the apprehension of more criminals may not constitute a reason in favour of racial profiling at all....

  7. Racial Discrimination and Racial Socialization as Predictors of African American Adolescents’ Racial Identity Development using Latent Transition Analysis

    Science.gov (United States)

    Seaton, Eleanor K.; Yip, Tiffany; Morgan-Lopez, Antonio; Sellers, Robert M.

    2013-01-01

    The current study examined perceptions of racial discrimination and racial socialization on racial identity development among 566 African American adolescents over three years. Latent class analyses were used to estimate identity statuses (Diffuse, Foreclosed, Moratorium and Achieved). The probabilities of transitioning from one stage to another were examined with latent transition analyses to determine the likelihood of youth progressing, regressing or remaining constant. Racial socialization and perceptions of racial discrimination were examined as covariates to assess the association with changes in racial identity status. The results indicated that perceptions of racial discrimination were not linked to any changes in racial identity. Youth who reported higher levels of racial socialization were less likely to be in Diffuse or Foreclosed compared to the Achieved group. PMID:21875184

  8. Gap Resolution

    Energy Technology Data Exchange (ETDEWEB)

    2017-04-25

    Gap Resolution is a software package that was developed to improve Newbler genome assemblies by automating the closure of sequence gaps caused by repetitive regions in the DNA. This is done by performing the follow steps:1) Identify and distribute the data for each gap in sub-projects. 2) Assemble the data associated with each sub-project using a secondary assembler, such as Newbler or PGA. 3) Determine if any gaps are closed after reassembly, and either design fakes (consensus of closed gap) for those that closed or lab experiments for those that require additional data. The software requires as input a genome assembly produce by the Newbler assembler provided by Roche and 454 data containing paired-end reads.

  9. Americans misperceive racial economic equality.

    Science.gov (United States)

    Kraus, Michael W; Rucker, Julian M; Richeson, Jennifer A

    2017-09-26

    The present research documents the widespread misperception of race-based economic equality in the United States. Across four studies ( n = 1,377) sampling White and Black Americans from the top and bottom of the national income distribution, participants overestimated progress toward Black-White economic equality, largely driven by estimates of greater current equality than actually exists according to national statistics. Overestimates of current levels of racial economic equality, on average, outstripped reality by roughly 25% and were predicted by greater belief in a just world and social network racial diversity (among Black participants). Whereas high-income White respondents tended to overestimate racial economic equality in the past, Black respondents, on average, underestimated the degree of past racial economic equality. Two follow-up experiments further revealed that making societal racial discrimination salient increased the accuracy of Whites' estimates of Black-White economic equality, whereas encouraging Whites to anchor their estimates on their own circumstances increased their tendency to overestimate current racial economic equality. Overall, these findings suggest a profound misperception of and unfounded optimism regarding societal race-based economic equality-a misperception that is likely to have any number of important policy implications.

  10. Gap Junctions

    Science.gov (United States)

    Nielsen, Morten Schak; Axelsen, Lene Nygaard; Sorgen, Paul L.; Verma, Vandana; Delmar, Mario; Holstein-Rathlou, Niels-Henrik

    2013-01-01

    Gap junctions are essential to the function of multicellular animals, which require a high degree of coordination between cells. In vertebrates, gap junctions comprise connexins and currently 21 connexins are known in humans. The functions of gap junctions are highly diverse and include exchange of metabolites and electrical signals between cells, as well as functions, which are apparently unrelated to intercellular communication. Given the diversity of gap junction physiology, regulation of gap junction activity is complex. The structure of the various connexins is known to some extent; and structural rearrangements and intramolecular interactions are important for regulation of channel function. Intercellular coupling is further regulated by the number and activity of channels present in gap junctional plaques. The number of connexins in cell-cell channels is regulated by controlling transcription, translation, trafficking, and degradation; and all of these processes are under strict control. Once in the membrane, channel activity is determined by the conductive properties of the connexin involved, which can be regulated by voltage and chemical gating, as well as a large number of posttranslational modifications. The aim of the present article is to review our current knowledge on the structure, regulation, function, and pharmacology of gap junctions. This will be supported by examples of how different connexins and their regulation act in concert to achieve appropriate physiological control, and how disturbances of connexin function can lead to disease. © 2012 American Physiological Society. Compr Physiol 2:1981-2035, 2012. PMID:23723031

  11. The limits of racial prejudice

    Science.gov (United States)

    Lewis, Kevin

    2013-01-01

    The racial segregation of romantic networks has been documented by social scientists for generations. However, because of limitations in available data, we still have a surprisingly basic idea of the extent to which this pattern is generated by actual interpersonal prejudice as opposed to structural constraints on meeting opportunities, how severe this prejudice is, and the circumstances under which it can be reduced. I analyzed a network of messages sent and received among 126,134 users of a popular online dating site over a 2.5-mo period. As in face-to-face interaction, online exchanges are structured heavily by race. Even when controlling for regional differences in meeting opportunities, site users—especially minority site users—disproportionately message other users from the same racial background. However, this high degree of self-segregation peaks at the first stage of contact. First, users from all racial backgrounds are equally likely or more likely to cross a racial boundary when reciprocating than when initiating romantic interest. Second, users who receive a cross-race message initiate more new interracial exchanges in the future than they would have otherwise. This effect varies by gender, racial background, and site experience; is specific to the racial background of the original sender; requires that the recipient replied to the original message; and diminishes after a week. In contrast to prior research on relationship outcomes, these findings shed light on the complex interactional dynamics that—under certain circumstances—may amplify the effects of racial boundary crossing and foster greater interracial mixing. PMID:24191008

  12. Mythic gaps

    Directory of Open Access Journals (Sweden)

    William Hansen

    2014-11-01

    Full Text Available Different kinds of omissions sometimes occur, or are perceived to occur, in traditional narratives and in tradition-inspired literature. A familiar instance is when a narrator realizes that he or she does not fully remember the story that he or she has begun to tell, and so leaves out part of it, which for listeners may possibly result in an unintelligible narrative. But many instances of narrative gap are not so obvious. From straightforward, objective gaps one can distinguish less-obvious subjective gaps: in many cases narrators do not leave out anything crucial or truly relevant from their exposition, and yet readers perceive gaps and take steps to fill them. The present paper considers four examples of subjective gaps drawn from ancient Greek literature (the Pandora myth, ancient Roman literature (the Pygmalion legend, ancient Hebrew literature (the Joseph legend, and early Christian literature (the Jesus legend. I consider the quite varied ways in which interpreters expand the inherited texts of these stories, such as by devising names, manufacturing motives, creating backstories, and in general filling in biographical ellipses. Finally, I suggest an explanation for the phenomenon of subjective gaps, arguing that, despite their variety, they have a single cause.

  13. Wealth distribution of simple exchange models coupled with extremal dynamics

    Science.gov (United States)

    Bagatella-Flores, N.; Rodríguez-Achach, M.; Coronel-Brizio, H. F.; Hernández-Montoya, A. R.

    2015-01-01

    Punctuated Equilibrium (PE) states that after long periods of evolutionary quiescence, species evolution can take place in short time intervals, where sudden differentiation makes new species emerge and some species extinct. In this paper, we introduce and study the effect of punctuated equilibrium on two different asset exchange models: the yard sale model (YS, winner gets a random fraction of a poorer player's wealth) and the theft and fraud model (TF, winner gets a random fraction of the loser's wealth). The resulting wealth distribution is characterized using the Gini index. In order to do this, we consider PE as a perturbation with probability ρ of being applied. We compare the resulting values of the Gini index at different increasing values of ρ in both models. We found that in the case of the TF model, the Gini index reduces as the perturbation ρ increases, not showing dependence with the agents number. While for YS we observe a phase transition which happens around ρc = 0.79. For perturbations ρ <ρc the Gini index reaches the value of one as time increases (an extreme wealth condensation state), whereas for perturbations greater than or equal to ρc the Gini index becomes different to one, avoiding the system reaches this extreme state. We show that both simple exchange models coupled with PE dynamics give more realistic results. In particular for YS, we observe a power low decay of wealth distribution.

  14. Wealth Share Analysis with “Fundamentalist/Chartist” Heterogeneous Agents

    Directory of Open Access Journals (Sweden)

    Hai-Chuan Xu

    2014-01-01

    Full Text Available We build a multiassets heterogeneous agents model with fundamentalists and chartists, who make investment decisions by maximizing the constant relative risk aversion utility function. We verify that the model can reproduce the main stylized facts in real markets, such as fat-tailed return distribution and long-term memory in volatility. Based on the calibrated model, we study the impacts of the key strategies’ parameters on investors’ wealth shares. We find that, as chartists’ exponential moving average periods increase, their wealth shares also show an increasing trend. This means that higher memory length can help to improve their wealth shares. This effect saturates when the exponential moving average periods are sufficiently long. On the other hand, the mean reversion parameter has no obvious impacts on wealth shares of either type of traders. It suggests that no matter whether fundamentalists take moderate strategy or aggressive strategy on the mistake of stock prices, it will have no different impact on their wealth shares in the long run.

  15. The rise of sovereign wealth funds: the new geography of wealth

    International Nuclear Information System (INIS)

    Du Granrut, Ch.

    2008-01-01

    For some time now states have been 'making a comeback' in the management of certain strategic areas of the economy, such as energy, as in the case of Russia that was covered in the January 2008 issue of Futuribles. Some emergent countries or countries whose main source of income is their oil revenues are also moving into strategic sectors through the financial markets, using so-called 'sovereign' investment funds. Charles du Granrut describes what sovereign funds are, what they represent in terms of international economic relations and the investment strategies they apply etc. He first recalls the substantial accumulation of trading surpluses that underlies these funds in the Asian countries and the oil-exporting nations. An accumulation of currency reserves ensues, conferring substantial power on these countries with regard to the management of exchange rates and the possibility of managing a part of these reserves dynamically through sovereign funds (funds for the international investment of national savings that come under the authority of the states or central banks of these countries). After giving an account of the main existing sovereign funds, their scope and their strategy, Charles du Granrut shows what the consequences of their development might be, particularly for the international monetary system: among other things, a lasting rise in exchange rates against the US dollar, generating a transfer of wealth from the United States to its creditor countries, foremost among them the emerging Asian nations and the oil exporting states. (author)

  16. A generalized statistical model for the size distribution of wealth

    International Nuclear Information System (INIS)

    Clementi, F; Gallegati, M; Kaniadakis, G

    2012-01-01

    In a recent paper in this journal (Clementi et al 2009 J. Stat. Mech. P02037), we proposed a new, physically motivated, distribution function for modeling individual incomes, having its roots in the framework of the κ-generalized statistical mechanics. The performance of the κ-generalized distribution was checked against real data on personal income for the United States in 2003. In this paper we extend our previous model so as to be able to account for the distribution of wealth. Probabilistic functions and inequality measures of this generalized model for wealth distribution are obtained in closed form. In order to check the validity of the proposed model, we analyze the US household wealth distributions from 1984 to 2009 and conclude an excellent agreement with the data that is superior to any other model already known in the literature. (paper)

  17. A generalized statistical model for the size distribution of wealth

    Science.gov (United States)

    Clementi, F.; Gallegati, M.; Kaniadakis, G.

    2012-12-01

    In a recent paper in this journal (Clementi et al 2009 J. Stat. Mech. P02037), we proposed a new, physically motivated, distribution function for modeling individual incomes, having its roots in the framework of the κ-generalized statistical mechanics. The performance of the κ-generalized distribution was checked against real data on personal income for the United States in 2003. In this paper we extend our previous model so as to be able to account for the distribution of wealth. Probabilistic functions and inequality measures of this generalized model for wealth distribution are obtained in closed form. In order to check the validity of the proposed model, we analyze the US household wealth distributions from 1984 to 2009 and conclude an excellent agreement with the data that is superior to any other model already known in the literature.

  18. Preterm Birth and Adult Wealth: Mathematics Skills Count.

    Science.gov (United States)

    Basten, Maartje; Jaekel, Julia; Johnson, Samantha; Gilmore, Camilla; Wolke, Dieter

    2015-10-01

    Each year, 15 million babies worldwide are born preterm. Preterm birth is associated with adverse neurodevelopmental outcomes across the life span. Recent registry-based studies suggest that preterm birth is associated with decreased wealth in adulthood, but the mediating mechanisms are unknown. This study investigated whether the relationship between preterm birth and low adult wealth is mediated by poor academic abilities and educational qualifications. Participants were members of two British population-based birth cohorts born in 1958 and 1970, respectively. Results showed that preterm birth was associated with decreased wealth at 42 years of age. This association was mediated by decreased intelligence, reading, and, in particular, mathematics attainment in middle childhood, as well as decreased educational qualifications in young adulthood. Findings were similar in both cohorts, which suggests that these mechanisms may be time invariant. Special educational support in childhood may prevent preterm children from becoming less wealthy as adults. © The Author(s) 2015.

  19. When imagining future wealth influences risky decision making

    Directory of Open Access Journals (Sweden)

    Adam Eric Greenberg

    2013-05-01

    Full Text Available The body of literature on the relationship between risk aversion and wealth is extensive. However, little attention has been given to examining how future realizations of wealth might affect (current risk decisions. Using paired lottery choice experiments and exposing subjects experimentally to imagined future wealth frames, I find that individuals are more risk-seeking if they are asked to imagine that they will be wealthy in the future. Yet I find that individuals are not significantly more risk-averse if they are asked to imagine that they will be poor in the future. I discuss theoretical and policy implications of these findings, including why savings rates are so low in the United States.

  20. Duality in an asset exchange model for wealth distribution

    Science.gov (United States)

    Li, Jie; Boghosian, Bruce M.

    2018-05-01

    Asset exchange models are agent-based economic models with binary transactions. Previous investigations have augmented these models with mechanisms for wealth redistribution, quantified by a parameter χ, and for trading bias favoring wealthier agents, quantified by a parameter ζ. By deriving and analyzing a Fokker-Planck equation for a particular asset exchange model thus augmented, it has been shown that it exhibits a second-order phase transition at ζ / χ = 1, between regimes with and without partial wealth condensation. In the "subcritical" regime with ζ / χ 1, a fraction 1 - χ / ζ of the wealth is condensed. Intuitively, one may associate the supercritical, wealth-condensed regime as reflecting the presence of "oligarchy," by which we mean that an infinitesimal fraction of the total agents hold a finite fraction of the total wealth in the continuum limit. In this paper, we further elucidate the phase behavior of this model - and hence of the generalized solutions of the Fokker-Planck equation that describes it - by demonstrating the existence of a remarkable symmetry between its supercritical and subcritical regimes in the steady-state. Noting that the replacement { ζ → χ , χ → ζ } , which clearly has the effect of inverting the order parameter ζ / χ, provides a one-to-one correspondence between the subcritical and supercritical states, we demonstrate that the wealth distribution of the subcritical state is identical to that of the corresponding supercritical state when the oligarchy is removed from the latter. We demonstrate this result analytically, both from the microscopic agent-level model and from its macroscopic Fokker-Planck description, as well as numerically. We argue that this symmetry is a kind of duality, analogous to the famous Kramers-Wannier duality between the subcritical and supercritical states of the Ising model, and to the Maldacena duality that underlies AdS/CFT theory.

  1. Wealth index and maternal health care: Revisiting NFHS-3.

    Science.gov (United States)

    Goel, Manish Kr; Roy, Pritam; Rasania, Sanjeev Kumar; Roy, Sakhi; Kumar, Yogesh; Kumar, Arun

    2015-01-01

    The third National Family Health Survey (NFHS-3) is a large dataset on indicators of family welfare, maternal and child health, and nutrition in India. This article using NFHS-3 data is an attempt to bring out the impact of economic status, i.e., the wealth index on maternal health. The study was based on an analysis of the NFHS-3 data. Independent variables taken were the wealth index, literacy, and age at first child birth. Effects of these variables on the maternal health care services were investigated. Out of the total 124,385 women aged 15-49 years included in the NFHS-3 dataset, 36,850 (29.6%) had one or more childbirth during the past 5 years. The number of antenatal care (ANC) visits increased as the wealth index increased and there was a pattern for choice of place of delivery (for all deliveries during the last 5 years) according to the wealth index. Logistic regression analysis of the abovementioned variables were sought to find out the independent role of key determinants of the different aspects of maternal health care. It showed that the wealth index is the leading key independent determinant for three or more ANC received: Tetanus toxoid (TT) received before delivery, iron tablet/syrup taken for more than 100 days, and institutional delivery. Mother's literacy was the leading independent key determinant for early antenatal registration. The study suggested that along with the mother's literacy, the wealth index that is an important predictor of maternal health care can be added for categorization of the districts for providing differential approach for maternal health care services.

  2. Doing More with Less The New Way to Wealth

    CERN Document Server

    Piasecki, Bruce

    2012-01-01

    "Bruce Piasecki redefines what winning looks like for all of us."-GERALD BRESNICK, Vice President of Environment, Health & Safety and Social Responsibility, Hess "Bruce Piasecki has created a book about discovering and maintaining wealth that, in fact, redefines wealth itself to include much more than mere numbers in a bank account." -JAY PARINI, bestselling author of The Last Station and The Passages of H.M. "Bruce Piasecki is one of the few thinkers really upping the ante for leaders in business and society."-JAMES HOWARD KUNSTLER, bestselling author of The Long Emergency and The Geograph

  3. Saving and Social Security Wealth: A Case of Turkey

    OpenAIRE

    H. Yigit Aydede

    2007-01-01

    This paper is the first attempt in the literature to investigate the effects of public social security on aggregate consumption in a time-series setting for a developing country, Turkey that has one of the most generous social security systems in the OECD region. In order to quantify the social security variable, the paper uses the social security wealth (SSW) series calculated for the first time for Turkey and shows that SSW is the largest part of the household wealth in Turkey and therefore...

  4. Housing Wealth and Consumption: A Micro Panel Study

    DEFF Research Database (Denmark)

    Browning, Martin; Gørtz, Mette; Leth-Petersen, Søren

    2013-01-01

    find little evidence of a housing wealth effect on consumption: unexpected innovations to house prices are uncorrelated with changes in total expenditure at the household level. A reform in 1992 allowed – for the first time - house owners to use their housing equity as collateral for consumption loans....... We find that young house owners likely to be affected by credit constraints react to house price changes after 1993. Our findings suggest that house prices impact total expenditure through improved collateral rather than directly through wealth....

  5. The evolution of wealth transmission in human populations: a stochastic model

    International Nuclear Information System (INIS)

    Augustins, G; Etienne, L; Ferrer, R; Godelle, B; Rousset, F; Ferdy, J-B; Pitard, E

    2014-01-01

    Reproductive success and survival are influenced by wealth in human populations. Wealth is transmitted to offsprings and strategies of transmission vary over time and among populations, the main variation being how equally wealth is transmitted to children. Here we propose a model where we simulate both the dynamics of wealth in a population and the evolution of a trait that determines how wealth is transmitted from parents to offspring, in a darwinian context

  6. Using Students' Racial Memories to Teach about Racial Inequality

    Science.gov (United States)

    Macomber, Kris; Rusche, Sarah Nell

    2010-01-01

    As teachers, the authors' lessons about contemporary racial inequality are complicated and contradicted by the rhetoric of color-blindness--the belief that race no longer matters for determining life chances--entrenched in the culture. Students remain attracted to notions of racism as a problem of the "past" and often reject the idea that racism…

  7. Cultural humility and racial microaggressions in counseling.

    Science.gov (United States)

    Hook, Joshua N; Farrell, Jennifer E; Davis, Don E; DeBlaere, Cirleen; Van Tongeren, Daryl R; Utsey, Shawn O

    2016-04-01

    Racial microaggressions may contribute to poor counseling outcomes in racial/ethnic minority clients. The present study examined the occurrence of racial microaggressions in counseling using a large and diverse sample and explored the association between perceived cultural humility of the counselor and racial microaggressions. Racial/ethnic minority participants (N = 2,212) answered questions about the frequency and impact of racial microaggressions in counseling and the characteristics of their counselor. The majority of clients (81%) reported experiencing at least 1 racial microaggression in counseling. Participants most commonly reported racial microaggressions involving denial or lack of awareness of stereotypes and bias and avoidance of discussing cultural issues. There were few differences in racial microaggression frequency or impact based on client race/ethnicity and counselor race/ethnicity. Racially matched clients viewed racial microaggressions as more impactful than did clients who were not racially matched. Client-perceived cultural humility of the counselor was associated with fewer microaggressions experienced in counseling. We conclude by discussing limitations, areas for future research, and implications for counseling. (c) 2016 APA, all rights reserved).

  8. Racial Inequity in Special Education Undefined

    Science.gov (United States)

    Losen, Daniel J., Ed.; Orfield, Gary, Ed.

    2002-01-01

    An illuminating account of a widespread problem that has received little attention, "Racial Inequity in Education" sets the stage for a more fruitful discussion about special education and racial justice. An illuminating account of a widespread problem that has received little attention, "Racial Inequity in Education" sets the…

  9. Racialized Aggressions and Social Media on Campus

    Science.gov (United States)

    Gin, Kevin J.; Martínez-Alemán, Ana M.; Rowan-Kenyon, Heather T.; Hottell, Derek

    2017-01-01

    Using a phenomenological approach, rooted in critical theory's desire to challenge systemic structures of inequality, we explored the impact of racialized hate encountered on social media by students of color at a predominately White institution. The encounters of racialized hostility manifested as anti-Black sentiments and produced racial battle…

  10. Disciplining Dalmar: A Demand to Uncover Racism and Racialization in Pursuit of Culturally Relevant Pedagogy

    Science.gov (United States)

    Mason, Ann Mogush

    2016-01-01

    The need for multifaceted analyses of the relationships between how the United States acknowledges racism and how schooling can be structured to mitigate its negative impacts has never been greater, especially given rising attention to the racial "achievement gap." In suburban, elite Pioneer City, a series of initiatives I will refer to…

  11. Wealth distribution across communities of adaptive financial agents

    Science.gov (United States)

    DeLellis, Pietro; Garofalo, Franco; Lo Iudice, Francesco; Napoletano, Elena

    2015-08-01

    This paper studies the trading volumes and wealth distribution of a novel agent-based model of an artificial financial market. In this model, heterogeneous agents, behaving according to the Von Neumann and Morgenstern utility theory, may mutually interact. A Tobin-like tax (TT) on successful investments and a flat tax are compared to assess the effects on the agents’ wealth distribution. We carry out extensive numerical simulations in two alternative scenarios: (i) a reference scenario, where the agents keep their utility function fixed, and (ii) a focal scenario, where the agents are adaptive and self-organize in communities, emulating their neighbours by updating their own utility function. Specifically, the interactions among the agents are modelled through a directed scale-free network to account for the presence of community leaders, and the herding-like effect is tested against the reference scenario. We observe that our model is capable of replicating the benefits and drawbacks of the two taxation systems and that the interactions among the agents strongly affect the wealth distribution across the communities. Remarkably, the communities benefit from the presence of leaders with successful trading strategies, and are more likely to increase their average wealth. Moreover, this emulation mechanism mitigates the decrease in trading volumes, which is a typical drawback of TTs.

  12. The Relation Between Financial and Housing Wealth of Dutch Households

    NARCIS (Netherlands)

    Hochgürtel, S.; van Soest, A.H.O.

    1996-01-01

    We analyze households' joint investment decisions for financial wealth and homes.In our bivariate censored regression model with endogenous switching, fixed costs or transaction costs are captured by a threshold that has to be passed before the purchase.The model allows for spill-over effects of a

  13. Housing wealth and household portfolios in an aging society

    NARCIS (Netherlands)

    Rouwendal, J.

    2009-01-01

    Housing is one of the most important consumption goods, also for the elderly. For owner-occupiers, housing equity is moreover usually the most important asset in their investment portfolio, and hence, household wealth of the elderly is extremely sensitive to developments on the housing market. This

  14. What is freedom--and does wealth cause it?

    Science.gov (United States)

    Iyer, Ravi; Motyl, Matt; Graham, Jesse

    2013-10-01

    The target article's climato-economic theory will benefit by allowing for bidirectional effects and the heterogeneity of types of freedom, in order to more fully capture the coevolution of societal wealth and freedom. We also suggest alternative methods of testing climato-economic theory, such as longitudinal analyses of these countries' histories and micro-level experiments of each of the theory's hypotheses.

  15. Sovereign Wealth Funds – the New Challenge for Corporate Governance

    Directory of Open Access Journals (Sweden)

    Dariusz Urban

    2010-10-01

    Full Text Available The article discusses Sovereign Wealth Funds with reference do the process of corporate governance. In the first part the paper presents the rise, growth and current investment activity of those funds. In the second section the author consider reasons for implementation of corporate governance best practices. The last part of the paper compares Santiago Principles with OECD principles of corporate governance.

  16. The Sacred Lotus - An Incredible Wealth of Wetlands

    Indian Academy of Sciences (India)

    Home; Journals; Resonance – Journal of Science Education; Volume 18; Issue 8. The Sacred Lotus - An Incredible Wealth of Wetlands. R N Mandal R Bar. General Article Volume 18 Issue 8 August 2013 pp 732-737. Fulltext. Click here to view fulltext PDF. Permanent link:

  17. Chemical Education: A Tool for Wealth Creation from Waste ...

    African Journals Online (AJOL)

    This paper focuses on exposing the indispensible role of chemical education in wealth creation from waste. Every settlement of people has one type of waste or the other to dispose. The challenge of waste management has in recent time occupied researchers such that innovations are geared towards reducing wastes that ...

  18. Property and wealth inequality as cultural niche construction.

    Science.gov (United States)

    Shennan, Stephen

    2011-03-27

    In contrast to other approaches, evolutionary perspectives on understanding the power and wealth inequalities in human societies view wealth and power not as ends in themselves but as proximate goals that contribute to the ultimate Darwinian goal of achieving reproductive success. The most successful means of achieving it in specific times and places depend on local conditions and these have changed in the course of human history, to such an extent that strategies focused on the maintenance and increase of wealth can even be more successful in reproductive terms than strategies directed at maximizing reproductive success in the short term. This paper argues that a major factor leading to such changes is a shift in the nature of inter-generational wealth transfers from relatively intangible to material property resources and the opportunities these provided for massively increased inequality. This shift can be seen as a process of niche construction related to the increasing importance of fixed and defensible resources in many societies after the end of the last Ice Age. It is suggested that, despite problems of inference, the evidence of the archaeological record can be used to throw light on these processes in specific places and times.

  19. Job Search and Savings: Wealth Effects and Duration Dependence

    DEFF Research Database (Denmark)

    Lentz, Rasmus; Tranæs, Torben

    2005-01-01

    This article studies a risk‐averse worker’s optimal savings and job search behavior as she moves back and forth between employment and unemployment. We show that job search effort is negatively related to wealth under the assumption of additively separable utility. Consequently, job search exhibi...

  20. Corruption and inequality of wealth amongst the very rich

    NARCIS (Netherlands)

    Ph.H.B.F. Franses (Philip Hans); E.A. de Groot (Bert)

    2016-01-01

    textabstractCorruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel

  1. Wealth Creation and Poverty Alleviation in Nigeria: The Role of ...

    African Journals Online (AJOL)

    The study investigated the Role of Information Technology (IT) in thecreation of wealth and poverty alleviation in Nigeria. The design of the studywas a descriptive survey, carried out at Nwafor Orizu College of Education,Nsugbe in Anambra State of Nigeria. One hundred and ninety three (193)respondents formed the ...

  2. Housing as Social Right or Means to Wealth?

    DEFF Research Database (Denmark)

    Mortensen, Jens Ladefoged; Seabrooke, Leonard

    2009-01-01

    This book demonstrates how housing systems are built from political struggles over the distribution of welfare and wealth. The contributors analyze varieties of residential capitalism through a range of international case studies, as well as investigating the links between housing finance...

  3. Health, wealth and happiness: Why pursue a higher education?

    NARCIS (Netherlands)

    Oosterbeek, H.; Hartog, J.

    1998-01-01

    We explore the effect of schooling on health, wealth and happiness for a cohort of Dutch individuals born around 1940. We also use observations on childhood IQ and family background. The most fortunate group is the group with a non-vocational intermediate level education: they score highest on

  4. Beyond Health and Wealth: Predictors of Women's Retirement Satisfaction

    Science.gov (United States)

    Price, Christine A.; Balaswamy, Shantha

    2009-01-01

    Despite empirical support for the positive effects of health and wealth on retirement satisfaction, alternative variables also play a key role in helping to shape women's assessment of retirement. In the present study, we explore personal and psychosocial predictors of women's retirement satisfaction while controlling for financial security and…

  5. Five essays on fiscal policy, intergenerational welfare and petroleum wealth

    Energy Technology Data Exchange (ETDEWEB)

    Thoegersen, Oe

    1994-12-01

    Motivated by current macro economic problems facing the Norwegian economy, this thesis deals with fiscal policy and the management of petroleum wealth in a small open resource economy. The thesis highlights the fact that considerable parts of the petroleum revenues are collected by the government and studies in particular the interaction between fiscal policy, uncertain petroleum revenues and welfare between generations. Essay 1 is a paper on the calculation of the Norwegian petroleum wealth and surveys economic effects of the development of the petroleum sector and the spending of the petroleum revenues. Essay 2 deals with the effects of uncertain government petroleum revenues on fiscal policy, wealth accumulation and inter generational welfare. In Essay 3 a discussion is given of the effects of oil price risk on international risk sharing. Petroleum importing and exporting countries are considered within OECD-Europe. A possible wealth consumption policy is found to have serious and long-lasting negative effects on the welfare of coming generations, as described in Essay 4. Finally, Essay 5 considers a dynamic dependent economy model extended to incorporate finite horizons of the households and structural adjustment costs in production. 121 refs., 19 figs., 10 tabs.

  6. Co-investments of sovereign wealth funds in private equity

    NARCIS (Netherlands)

    Mc Cahery, Joseph; de Roode, Alexander

    2016-01-01

    Direct investments are the preferred vehicle for large institutional investors to have control over their portfolio investments. We study the deal structure of direct investments by sovereign wealth funds (SWFs) in private equity transactions. We find that SWFs shift from investing in private equity

  7. The Elephant in The Ground: Managing Oil and Sovereign Wealth

    NARCIS (Netherlands)

    van den Bremer, T.; van der Ploeg, F.; Wills, S.

    2016-01-01

    One of the most important developments in international finance and resource economics in the past twenty years is the rapid and widespread emergence of the $6 trillion sovereign wealth fund industry. Oil exporters typically ignore below-ground assets when allocating these funds, and ignore

  8. Determinants of sovereign wealth fund investment in private equity

    NARCIS (Netherlands)

    Johan, S.A.; Knill, A.M.; Mauck, N.

    2010-01-01

    This paper examines investment patterns of 50 sovereign wealth funds (SWFs) in nations around the world. We study investment by SWFs in 903 public and private firms over the period 1984-2009. As expected, we observe SWFs investments are more often in private firms when the market returns of target

  9. PECULIARITIES OF PERFORMANCE MEASUREMENT IN SOVEREIGN WEALTH FUNDS

    Directory of Open Access Journals (Sweden)

    M. Onopko

    2014-01-01

    Full Text Available Sovereign wealth funds as the subjects of economic relations are analyzed and the main approaches to the assessment of their activities are discussed. The dependence of the performance measurement system and the strategic objectives of the funds and economic policy objectives of the government is indicated.

  10. Role of Waste Management in Wealth Creation in Nigeria ...

    African Journals Online (AJOL)

    The concept of entrepreneurship as it relates to waste to wealth by private sector participation (PSP) franchise is considered to have assisted the government create jobs and new businesses for many in contemporary economies, This study essentially try to access whether PSP franchise operators aid in the creation of jobs ...

  11. IMBALANCE FACTORS IN THE ARAB WORLD: CONFLICTS AND NATURAL WEALTH DEVALUATION

    Directory of Open Access Journals (Sweden)

    RALUCA IOANA OPREA

    2016-12-01

    Full Text Available In an international context characterized by globalization, the analysis of the Arab world is all the more relevant as the particularities of this space are more stringent. To analyse the economy of this region properly, one should consider matters of natural resources that are wealth generators in this area (oil and natural gas, addressed in a global and regional context. Post conflict situation, generated after the Arab Spring (2011, affects the entire region, including GCC countries, where all the members are dealing with decline in their balance of payments. Intra-regional integration stays difficult due to the gap between the development status of the countries. Arab states face the highest unemployment rate for youth and about one third of the population deal with moderate poverty. The geopolitical tensions in the region and the decline of oil prices are the two factors which can lead to a major decline of the area.

  12. What is the association between wealth and mental health?

    Science.gov (United States)

    Carter, K N; Blakely, T; Collings, S; Imlach Gunasekara, F; Richardson, K

    2009-03-01

    Socioeconomic inequalities in mental health have been shown in a number of populations. This study aims to investigate the association between asset wealth and psychological distress in New Zealand and whether it is independent of other socioeconomic measures and baseline health status. Data for this study were from the first three waves of the Survey of Families, Income and Employment (SoFIE) conducted in New Zealand (2002-2004/05) (n = 15 340). The Kessler-10 was used as a measure of psychological distress. The association of quintiles of wealth with psychological distress was investigated using logistic regression, controlling for confounders, socioeconomic variables and prior health status. The odds ratio (OR) of reporting high psychological distress were greater in the lowest wealth quintile compared with the highest (OR 3.06, 95% CI 2.68 to 3.50). Adjusting for age and sex did not alter the relationship; however, adjusting for income and area deprivation attenuated the OR to 1.73 (95% CI 1.48 to 2.04). Further controlling for baseline health status reduced the OR to 1.45 (95% CI 1.23 to 1.71), although the confidence interval still excluded the null. Inequalities in wealth are strongly associated with psychological distress, over and above other confounding demographic variables and baseline health status. Much, but not all, of that association is confounded by adult socioeconomic position. This suggests that policy measures to improve asset wealth, through savings and home ownership, may have positive health implications and help to reduce health inequalities.

  13. Knowledge Gaps

    DEFF Research Database (Denmark)

    Lyles, Marjorie; Pedersen, Torben; Petersen, Bent

    2003-01-01

    The study explores what factors influence the reduction of managers' perceivedknowledge gaps in the context of the environments of foreign markets. Potentialdeterminants are derived from traditional internationalization theory as well asorganizational learning theory, including the concept...... of absorptive capacity. Building onthese literature streams a conceptual model is developed and tested on a set of primarydata of Danish firms and their foreign market operations. The empirical study suggeststhat the factors that pertain to the absorptive capacity concept - capabilities ofrecognizing......, assimilating, and utilizing knowledge - are crucial determinants ofknowledge gap elimination. In contrast, the two factors deemed essential in traditionalinternationalization process theory - elapsed time of operations and experientiallearning - are found to have no or limited effect.Key words...

  14. Local Distributions of Wealth to Describe Health Inequalities in India: A New Approach for Analyzing Nationally Representative Household Survey Data, 1992–2008

    Science.gov (United States)

    Bassani, Diego G.; Corsi, Daniel J.; Gaffey, Michelle F.; Barros, Aluisio J. D.

    2014-01-01

    Background Worse health outcomes including higher morbidity and mortality are most often observed among the poorest fractions of a population. In this paper we present and validate national, regional and state-level distributions of national wealth index scores, for urban and rural populations, derived from household asset data collected in six survey rounds in India between 1992–3 and 2007–8. These new indices and their sub-national distributions allow for comparative analyses of a standardized measure of wealth across time and at various levels of population aggregation in India. Methods Indices were derived through principal components analysis (PCA) performed using standardized variables from a correlation matrix to minimize differences in variance. Valid and simple indices were constructed with the minimum number of assets needed to produce scores with enough variability to allow definition of unique decile cut-off points in each urban and rural area of all states. Results For all indices, the first PCA components explained between 36% and 43% of the variance in household assets. Using sub-national distributions of national wealth index scores, mean height-for-age z-scores increased from the poorest to the richest wealth quintiles for all surveys, and stunting prevalence was higher among the poorest and lower among the wealthiest. Urban and rural decile cut-off values for India, for the six regions and for the 24 major states revealed large variability in wealth by geographical area and level, and rural wealth score gaps exceeded those observed in urban areas. Conclusions The large variability in sub-national distributions of national wealth index scores indicates the importance of accounting for such variation when constructing wealth indices and deriving score distribution cut-off points. Such an approach allows for proper within-sample economic classification, resulting in scores that are valid indicators of wealth and correlate well with health

  15. Local distributions of wealth to describe health inequalities in India: a new approach for analyzing nationally representative household survey data, 1992-2008.

    Directory of Open Access Journals (Sweden)

    Diego G Bassani

    Full Text Available Worse health outcomes including higher morbidity and mortality are most often observed among the poorest fractions of a population. In this paper we present and validate national, regional and state-level distributions of national wealth index scores, for urban and rural populations, derived from household asset data collected in six survey rounds in India between 1992-3 and 2007-8. These new indices and their sub-national distributions allow for comparative analyses of a standardized measure of wealth across time and at various levels of population aggregation in India.Indices were derived through principal components analysis (PCA performed using standardized variables from a correlation matrix to minimize differences in variance. Valid and simple indices were constructed with the minimum number of assets needed to produce scores with enough variability to allow definition of unique decile cut-off points in each urban and rural area of all states.For all indices, the first PCA components explained between 36% and 43% of the variance in household assets. Using sub-national distributions of national wealth index scores, mean height-for-age z-scores increased from the poorest to the richest wealth quintiles for all surveys, and stunting prevalence was higher among the poorest and lower among the wealthiest. Urban and rural decile cut-off values for India, for the six regions and for the 24 major states revealed large variability in wealth by geographical area and level, and rural wealth score gaps exceeded those observed in urban areas.The large variability in sub-national distributions of national wealth index scores indicates the importance of accounting for such variation when constructing wealth indices and deriving score distribution cut-off points. Such an approach allows for proper within-sample economic classification, resulting in scores that are valid indicators of wealth and correlate well with health outcomes, and enables wealth

  16. Disproportionality Fills in the Gaps: Connections between Achievement, Discipline and Special Education in the School-to-Prison Pipeline

    Science.gov (United States)

    Annamma, Subini; Morrison, Deb; Jackson, Darrell

    2014-01-01

    The focus on the achievement gap has overshadowed ways in which school systems constrain student achievement through trends of racial disproportionality in areas such as school discipline, special education assignment, and juvenile justice. Using Critical Race Theory, we reframe these racial disparities as issues of institutionalized racism.…

  17. The impact of household wealth on child survival in Ghana.

    Science.gov (United States)

    Lartey, Stella T; Khanam, Rasheda; Takahashi, Shingo

    2016-11-22

    Improving child health is one of the major policy agendas for most of the governments, especially in the developing countries. These governments have been implementing various strategies such as improving healthcare financing, improving access to health, increasing educational level, and income level of the household to improve child health. Despite all these efforts, under-five and infant mortality rates remain high in many developing nations. Some previous studies examined how economic development or household's economic condition contributes to child survival in developing countries. In Ghana, the question as to what extent does economic circumstances of households reduces infant and child mortality still remain largely unanswered. Thus, the purpose of this study is to investigate the extent to which wealth affects the survival of under-five children, using data from the Demographic and Health Survey (DHS) of Ghana. In this study, we use four waves of data from Demographic and Health Surveys (DHS) of Ghana from 1993 to 2008. The DHS is a detailed data set that provides comprehensive information on households and their demographic characteristics in Ghana. Data was obtained by distributing questionnaires to women (from 6000 households) of reproductive age between 15 and 49 years, which asked, among other things, their birth history information. The Weibull hazard model with gamma frailty was used to estimate wealth effect, as well as the trend of wealth effect on child's survival probability. We find that household wealth status has a significant effect on the child survival in Ghana. A child is more likely to survive when he/she is from a household with high wealth status. Among other factors, birth spacing and parental education were found to be highly significant to increase a child's survival probability. Our findings offer plausible mechanisms for the association of household wealth and child survival. We therefore suggest that the Government of Ghana

  18. Two Mechanisms: The Role of Social Capital and Industrial Pollution Exposure in Explaining Racial Disparities in Self-Rated Health.

    Science.gov (United States)

    Ard, Kerry; Colen, Cynthia; Becerra, Marisol; Velez, Thelma

    2016-10-19

    This study provides an empirical test of two mechanisms (social capital and exposure to air pollution) that are theorized to mediate the effect of neighborhood on health and contribute to racial disparities in health outcomes. To this end, we utilize the Social Capital Benchmark Study, a national survey of individuals nested within communities in the United States, to estimate how multiple dimensions of social capital and exposure to air pollution, explain racial disparities in self-rated health. Our main findings show that when controlling for individual-confounders, and nesting within communities, our indicator of cognitive bridging, generalized trust, decreases the gap in self-rated health between African Americans and Whites by 84%, and the gap between Hispanics and Whites by 54%. Our other indicator of cognitive social capital, cognitive linking as represented by engagement in politics, decreases the gap in health between Hispanics and Whites by 32%, but has little impact on African Americans. We also assessed whether the gap in health was explained by respondents' estimated exposure to toxicity-weighted air pollutants from large industrial facilities over the previous year. Our results show that accounting for exposure to these toxins has no effect on the racial gap in self-rated health in these data. This paper contributes to the neighborhood effects literature by examining the impact that estimated annual industrial air pollution, and multiple measures of social capital, have on explaining the racial gap in health in a sample of individuals nested within communities across the United States.

  19. Missed Opportunity? Leveraging Mobile Technology to Reduce Racial Health Disparities.

    Science.gov (United States)

    Ray, Rashawn; Sewell, Abigail A; Gilbert, Keon L; Roberts, Jennifer D

    2017-10-01

    Blacks and Latinos are less likely than whites to access health insurance and utilize health care. One way to overcome some of these racial barriers to health equity may be through advances in technology that allow people to access and utilize health care in innovative ways. Yet, little research has focused on whether the racial gap that exists for health care utilization also exists for accessing health information online and through mobile technologies. Using data from the Health Information National Trends Survey (HINTS), we examine racial differences in obtaining health information online via mobile devices. We find that blacks and Latinos are more likely to trust online newspapers to get health information than whites. Minorities who have access to a mobile device are more likely to rely on the Internet for health information in a time of strong need. Federally insured individuals who are connected to mobile devices have the highest probability of reliance on the Internet as a go-to source of health information. We conclude by discussing the importance of mobile technologies for health policy, particularly related to developing health literacy, improving health outcomes, and contributing to reducing health disparities by race and health insurance status. Copyright © 2017 by Duke University Press.

  20. Individual wealth rank, community wealth inequality, and self-reported adult poor health: a test of hypotheses with panel data (2002-2006) from native Amazonians, Bolivia.

    Science.gov (United States)

    Undurraga, Eduardo A; Nyberg, Colleen; Eisenberg, Dan T A; Magvanjav, Oyunbileg; Reyes-García, Victoria; Huanca, Tomás; Leonard, William R; McDade, Thomas W; Tanner, Susan; Vadez, Vincent; Godoy, Ricardo

    2010-12-01

    Growing evidence suggests that economic inequality in a community harms the health of a person. Using panel data from a small-scale, preindustrial rural society, we test whether individual wealth rank and village wealth inequality affects self-reported poor health in a foraging-farming native Amazonian society. A person's wealth rank was negatively but weakly associated with self-reported morbidity. Each step up/year in the village wealth hierarchy reduced total self-reported days ill by 0.4 percent. The Gini coefficient of village wealth inequality bore a positive association with self-reported poor health that was large in size, but not statistically significant. We found small village wealth inequality, and evidence that individual economic rank did not change. The modest effects may have to do with having used subjective rather than objective measures of health, having small village wealth inequality, and with the possibly true modest effect of a person's wealth rank on health in a small-scale, kin-based society. Finally, we also found that an increase in mean individual wealth by village was related to worse self-reported health. As the Tsimane' integrate into the market economy, their possibilities of wealth accumulation rise, which may affect their well-being. Our work contributes to recent efforts in biocultural anthropology to link the study of social inequalities, human biology, and human-environment interactions.

  1. Racial disparities in the use of cardiac revascularization: does local hospital capacity matter?

    Directory of Open Access Journals (Sweden)

    Suhui Li

    Full Text Available To assess the extent to which the observed racial disparities in cardiac revascularization use can be explained by the variation across counties where patients live, and how the within-county racial disparities is associated with the local hospital capacity.Administrative data from Pennsylvania Health Care Cost Containment Council (PHC4 between 1995 and 2006.The study sample included 207,570 Medicare patients admitted to hospital for acute myocardial infarction (AMI. We identified the use of coronary artery bypass graft (CABG and percutaneous coronary intervention (PCI procedures within three months after the patient's initial admission for AMI. Multi-level hierarchical models were used to determine the extent to which racial disparities in procedure use were attributable to the variation in local hospital capacity.Blacks were less likely than whites to receive CABG (9.1% vs. 5.8%; p<0.001 and PCI (15.7% vs. 14.2%; p<0.001. The state-level racial disparity in use rate decreases for CABG, and increases for PCI, with the county adjustment. Higher number of revascularization hospitals per 1,000 AMI patients was associated with smaller within-county racial differences in CABG and PCI rates. Meanwhile, very low capacity of catheterization suites and AMI hospitals contributed to significantly wider racial gap in PCI rate.County variation in cardiac revascularization use rates helps explain the observed racial disparities. While smaller hospital capacity is associated with lower procedure rates for both racial groups, the impact is found to be larger on blacks. Therefore, consequences of fewer medical resources may be particularly pronounced for blacks, compared with whites.

  2. Dynamic Interactions Between Health, Human Capital and Wealth

    Directory of Open Access Journals (Sweden)

    Wei-Bin Zhang

    2018-03-01

    Full Text Available This paper proposes a dynamic economic model with health, human capital and wealth accumulation with elastic labor supply. The economic system consists of one industrial, one health, and one education sector. Our model is a synthesis of four main models in economic theory: Solow’s one-sector neoclassical growth mode, the Uzawa-Lucas two sector model, Arrow’s learning by doing model, and Grossman’s growth model with health. The model also includes Zhang’s idea about creative leisure or learning by consuming. Demand and supply of health service and education are determined by market mechanism. The model describes dynamic interdependence among wealth, health, human capital, economic structure, and time distribution among work, health caring, and education under perfect competition. We simulate the model and examine effects of changes in the propensity to consume health caring, the efficiency of producing health caring, the propensity to receive education, and the propensity to save.

  3. Low-wealth Entrepreneurs and Access to External Financing

    DEFF Research Database (Denmark)

    Frid, Casey J.; Wyman, David M.; Gartner, Bill

    2016-01-01

    Purpose: -The purpose of this paper is to explore the relationship between low-wealth business founders in the USA and external startup funding. Specifically, the authors test whether a founders’ low personal net worth is correlated with a lower probability of acquiring funding from outside sources...... demonstrates the importance of personal wealth as a factor in acquiring external startup financing compared to human capital, industry, or personal characteristics. Social implications: -If the ability to acquire external funding is significantly constrained, the quality of the opportunity and the skill...... endowments at the outset. Originality/value: -Unlike prior studies, the data used are not subject to survivor bias or an underrepresentation of self-employment. The statistical model jointly estimates acquisition of financing and the amount received. This resolves selection and censoring problems. Finally...

  4. Race, Wealth, and Solid Waste Facilities in North Carolina

    OpenAIRE

    Norton, Jennifer M.; Wing, Steve; Lipscomb, Hester J.; Kaufman, Jay S.; Marshall, Stephen W.; Cravey, Altha J.

    2007-01-01

    Background Concern has been expressed in North Carolina that solid waste facilities may be disproportionately located in poor communities and in communities of color, that this represents an environmental injustice, and that solid waste facilities negatively impact the health of host communities. Objective Our goal in this study was to conduct a statewide analysis of the location of solid waste facilities in relation to community race and wealth. Methods We used census block groups to obtain ...

  5. Corruption and inequality of wealth amongst the very rich.

    Science.gov (United States)

    Franses, Philip Hans; de Groot, Bert

    Corruption may lead to tax evasion and unbalanced favors and this may lead to extraordinary wealth amongst a few. We study for 13 countries 6 years of Forbes rankings data and we examine whether corruption leads to more inequality amongst the wealthiest. When we correct in our panel model for current and one-year lagged competitiveness and GDP growth rates, we find no such effect. In fact, we find that more competitiveness decreases inequality amongst the wealthiest.

  6. Taxing across Borders: Tracking Personal Wealth and Corporate Profits

    OpenAIRE

    Gabriel Zucman

    2014-01-01

    This article attempts to estimate the magnitude of corporate tax avoidance and personal tax evasion through offshore tax havens. US corporations book 20 percent of their profits in tax havens, a tenfold increase since the 1980; their effective tax rate has declined from 30 to 20 percent over the last 15 years, and about two-thirds of this decline can be attributed to increased international tax avoidance. Globally, 8 percent of the world's personal financial wealth is held offshore, costing m...

  7. PRIVATE BANKING AND WEALTH MANAGEMENT SERVICES OFFERED BY BANKS

    OpenAIRE

    IMOLA DRIGĂ; DORINA NIŢĂ; IOAN CUCU

    2009-01-01

    The paper examines the features of private banking business focusing on the substantial growth in private banking over the last decade as commercial banks have targeted upmarket high net worth individuals. The accumulation of wealth has prompted the development of private banking services for high net worth individuals, offering special relationships and investment services. Private banking is about much more than traditional banking services of deposits and loans. It's about providing a one-...

  8. Algeria: the illusions of oil wealth - CERI Studies No. 168

    International Nuclear Information System (INIS)

    Martinez, Luis

    2010-09-01

    Thirty years after the nationalisation of hydrocarbons Algeria's oil wealth seems to have disappeared judging by its absence in the country's indicators of well-being. In Algeria oil led to happiness for a few and sadness for many. The absence of controls over oil revenue led to the industries downfall. Since 2002 Algeria is again seeing oil wealth. The increase in the price per barrel from 30 to 147 dollars between 2002 and 2008 provided the country with unexpected revenue permitting it to accumulate funds estimated, in 2009, at 150 billion dollars. Abdelaziz Bouteflika, returned to a devastated Algeria to restore civil order, unexpectedly benefited from this price increase. Thus, in addition to national reconciliation he was able to offer Algeria renewed economic growth. However, given that the wounds of the 1990's are not entirely healed and the illusions of oil wealth have evaporated this unexpected return of financial abundance raises concerns. To what ends will this manna be put? Who will control it? Will it provoke new violence and conflict? (author)

  9. Comparing Wealth – Data quality of the HFCS

    Directory of Open Access Journals (Sweden)

    Anita Tiefensee

    2016-08-01

    Full Text Available The Household Finance and Consumption Survey (HFCS provides information about house-hold wealth (real and financial assets as well as liabilities from 15 Euro-countries around the year 2010 (first wave. The survey will be the central dataset in this topic in the future. However, several aspects point to potential methodological constraints regarding cross-country comparability. Therefore the aim of this paper is to get a better insight in the data quality of this important data source. The framework for our analysis is the “Guidelines for Micro Statistics on Household Wealth” from the OECD (2013. We have two main focuses: First, we present a synopsis of cross-country differences, which is the core of the paper. We compare the sampling processes, the interview modes, the oversampling techniques, the unit and item non-response rates and how it is dealt with them via weighting and imputation as well as further points which might restrict cross-country comparability of net wealth. We classify the individual country behavior and evaluate the impact on net wealth. Second, we give a first insight in the selectivity of item non-response in a cross-national setting. We make use of logit models to identify differences in characteristics as well as item non-response patterns across countries.

  10. Across Racial/Ethnic Groups in Effects of Racial Incidents on Satisfaction with Military Service

    National Research Council Canada - National Science Library

    Stewart, James

    2001-01-01

    This study compares the effects of racial incidents on reported levels of satisfaction with military service across racial/ethnic groups by analyzing responses to the Armed Forces Equal Opportunity Survey (AFEOS...

  11. Variation Across Racial/Ethnic Groups in Effects of Racial Incidents on Satisfaction with Military Service

    National Research Council Canada - National Science Library

    Stewart, James

    2001-01-01

    This study compares the effects of racial incidents on reported levels of satisfaction with military service across racial/ethnic groups by analyzing responses to the Armed Forces Equal Opportunity Survey (AFEOS...

  12. Trends and racial differences in birth weight and related survival.

    Science.gov (United States)

    Alexander, G R; Tompkins, M E; Allen, M C; Hulsey, T C

    1999-06-01

    In the past two decades, infant mortality rates in the United States declined in African-American and White populations. Despite this, racial disparities in infant mortality rates have increased and rates of low birth weight deliveries have shown little change. In this study, we examine temporal changes in birth weight distributions, birth weight specific neonatal mortality, and the birth weight threshold for an adverse risk of survival within both racial groups in order to explore the mechanisms for the disparities in infant mortality rates. Single live births born to South Carolina resident mothers between 1975 and 1994 and considered White or African-American based on the mother's report of maternal race on the birth certificate were selected for investigation. We define the birth weight threshold for adverse survival odds as the birth weight at which 50% or more of infants in the population died within the first month of life. Despite significant increases in very low birth weight percentages, neonatal mortality rates markedly declined. Birth weight specific neonatal mortality decreased for both races, although greater reductions accrued to White low birth weight infants. By the end of the study period, the birth weight at which over 50% of newborns died within the first month of life was 696 g for Whites and 673 g for African-Americans. The ongoing decline in neonatal mortality is mainly due to reductions in birth weight specific neonatal mortality, probably related to high-risk obstetric and neonatal care. Technological developments in these areas may have differentially benefited Whites, resulting in an increasing racial disparity in mortality rates. Moreover, the relatively greater and increasing mortality risk from postmaturity and macrosomia in infants of African-America mothers may further exacerbate the racial gap in infant mortality.

  13. The Importance of History in the Racial Inequality and Racial Inequity in Education: New Orleans as a Case Example

    Science.gov (United States)

    Parsons, Eileen Carlton; Turner, Kea

    2014-01-01

    Racial equality and racial equity in U.S. education has been elusive although decades of education reform have them as goals. Current discourse advocate colorblind and post-racial solutions to racial inequality and racial inequity in education; these solutions implicate presentism, a view that exclusively circumscribes the existence of present-day…

  14. Children's Video Games as Interactive Racialization

    OpenAIRE

    Martin, Cathlena

    2008-01-01

    Cathlena Martin explores in her paper "Children's Video Games as Interactive Racialization" selected children's video games. Martin argues that children's video games often act as reinforcement for the games' television and film counterparts and their racializing characteristics and features. In Martin's analysis the video games discussed represent media through which to analyze racial identities and ideologies. In making the case for positive female minority leads in children's video games, ...

  15. Social Status Correlates of Reporting Racial Discrimination and Gender Discrimination among Racially Diverse Women

    OpenAIRE

    Ro, Annie E.; Choi, Kyung-Hee

    2009-01-01

    The growing body of research on discrimination and health indicates a deleterious effect of discrimination on various health outcomes. However, less is known about the sociodemographic correlates of reporting racial discrimination and gender discrimination among racially diverse women. We examined the associations of social status characteristics with lifetime experiences of racial discrimination and gender discrimination using a racially-diverse sample of 754 women attending family planning ...

  16. 78 FR 12358 - UBS Financial Services, Inc., Wealth Management Americas Operations, Including On-Site Leased...

    Science.gov (United States)

    2013-02-22

    ..., Inc., Wealth Management Americas Operations, Including On-Site Leased Workers From Leafstone... Services, Inc., Wealth Management Americas Operations (UBS), Weehawken, New Jersey. The workers are engaged... to include all leased workers on-site at UBS Financial Services, Inc., Wealth Management Americas...

  17. Racial Identity and Reflected Appraisals as Influences on Asian Americans' Racial Adjustment.

    Science.gov (United States)

    Alvarez, Alvin N.; Helms, Janet E.

    2001-01-01

    The racial adjustment of Asian American university students (N=188) was assessed to examine the importance of race in their lives. Both racial identity status and reflected appraisals were significantly related to collective self-esteem as one measure of Asian American racial adjustment. Discusses the importance of the counselor's awareness of…

  18. MARRIAGE AND MEN’S WEALTH ACCUMULATION IN THE UNITED STATES, 1860-1870

    Science.gov (United States)

    HONG, SOK CHUL

    2013-01-01

    This paper explores how changes in marital status affected men’s wealth accumulation in mid-nineteenth-century America, using a longitudinal sample of Union Army veterans linked to the 1860 and 1870 census manuscript schedules. Controlling for the endogeneity of wealth and marital selection, this paper provides strong evidence that marriage had positive effects on men’s wealth accumulation, whereas ending a marriage had negative effects. The estimated wealth premium on married men is about 60 percent per marital year. This substantial wealth premium is closely related to wives’ specializing in household production, and farmers and craftsmen economically benefited from the unpaid labor of their wives. PMID:24058226

  19. Racial differences in venous thromboembolism.

    Science.gov (United States)

    Zakai, N A; McClure, L A

    2011-10-01

    The incidence of venous thrombosis (VTE) varies by race, with African-Americans having over 5-fold greater incidence than Asian-ancestry populations, and an intermediate risk for European and Hispanic populations. Known racial differences in genetic polymorphisms associated with thrombosis do not account for this gradient of risk, nor do known racial variations in environmental risk factors. Data on the incidence of and risk factors for VTE outside of Europe and North America and in non-European ancestry populations are sparse. Common genetic polymorphisms in European-Ancestry populations, such as factor V Leiden and prothrombin G20210A, and environmental risk factors, such as obesity, may account for some of the increased risk in European populations, and high factor VIII, high von Willebrand factor and low protein C levels and increased prevalence of obesity may explain some of the increased risk in African-Americans. The low rates in Asian populations may be partially explained by low clinical suspicion in a perceived low-risk population and lack of access to healthcare in other populations. As risk factors for thrombosis, such as surgery and treatment for cancer, are applicable to more people, as obesity increases in prevalence in the developing world, and as surveillance systems for VTE improve, VTE may increase in previously low-risk populations. While differences in VTE by race due to genetic predisposition will probably always be present, understanding the reasons for racial differences in VTE will help providers develop strategies to minimize VTE in all populations. © 2011 International Society on Thrombosis and Haemostasis.

  20. Is the U.S. Retirement System Contributing to Rising Wealth Inequality?

    Directory of Open Access Journals (Sweden)

    Sebastian Devlin-Foltz

    2016-10-01

    Full Text Available Data from the Survey of Consumer Finances for 1989 through 2013 reveal five broad findings. First, overall retirement plan participation was stable or rising through 2007, though overall participation fell noticeably in the wake of the Great Recession and has remained lower. Second, cohort-based analysis of life-cycle trajectories shows that participation in retirement plans is strongly correlated with income, and that the recent decline in participation is concentrated among younger and low- to middle-income families. Third, the shift in the type of pension coverage from defined benefit (DB to defined contribution (DC occurred within—not just across—income groups. Fourth, retirement wealth is less concentrated than nonretirement wealth, so the growth of retirement wealth relative to nonretirement wealth helped offset the increasing concentration in nonretirement wealth. Fifth, the shift from DB to DC had only a modest effect in the other direction because DC wealth is more concentrated than DB wealth.

  1. Wealth dynamics in a sentiment-driven market

    Science.gov (United States)

    Goykhman, Mikhail

    2017-12-01

    We study dynamics of a simulated world with stock and money, driven by the externally given processes which we refer to as sentiments. The considered sentiments influence the buy/sell stock trading attitude, the perceived price uncertainty, and the trading intensity of all or a part of the market participants. We study how the wealth of market participants evolves in time in such an environment. We discuss the opposite perspective in which the parameters of the sentiment processes can be inferred a posteriori from the observed market behavior.

  2. Sources of income, wealth and the length of life

    DEFF Research Database (Denmark)

    Sabel, Clive E.; Dorling, Danny; Hiscock, Rosemary

    2007-01-01

    for this type of study, in terms of size and completeness of population coverage and death registration. The results suggest that inequalities in mortality are marked even in Sweden, one of the affluent countries where the effects of health inequalities are assumed to be lowest worldwide. The only income source...... that was associated with beneficial outcomes for all population groups was earnings. Welfare payments, often associated with illness, are associated with higher mortality, particularly for men. Capital income (our 'wealth' indicator) generally reduces the risk of mortality but increases the risk for some younger...

  3. Race, Racialization and Indigeneity in Canadian Universities

    Science.gov (United States)

    Henry, Frances; Dua, Enakshi; Kobayashi, Audrey; James, Carl; Li, Peter; Ramos, Howard; Smith, Malinda S.

    2017-01-01

    This article is based on data from a four-year national study of racialization and Indigeneity at Canadian universities. Its main conclusion is that whether one examines representation in terms of numbers of racialized and Indigenous faculty members and their positioning within the system, their earned income as compared to white faculty, their…

  4. Reframing the Racialization of Disabilities in Policy

    Science.gov (United States)

    Kramarczuk Voulgarides, Catherine; Tefera, Adai

    2017-01-01

    Racial disproportionality in special education is a deep seated and complex educational inequity plaguing the United States educational system. In this article we outline how the Individuals with Disabilities Education Act, although a civil rights based legislation, cannot sufficiently address racially disproportionate outcomes in special…

  5. Racialized Subjects in a Colour Blind School

    Science.gov (United States)

    Lagermann, Laila Colding

    2013-01-01

    In this paper I examine processes of racialization in a school in Copenhagen, Denmark. On the basis of the data produced in 2009, which is part of a larger study, I investigate themes of race as a difference-making and constituting category for subjective (human) becoming and racialization as contingent and negotiated processes (Butler, 1997). As…

  6. Associations of racial discrimination and parental discrimination coping messages with African American adolescent racial identity.

    Science.gov (United States)

    Richardson, Bridget L; Macon, Tamarie A; Mustafaa, Faheemah N; Bogan, Erin D; Cole-Lewis, Yasmin; Chavous, Tabbye M

    2015-06-01

    Research links racial identity to important developmental outcomes among African American adolescents, but less is known about the contextual experiences that shape youths' racial identity. In a sample of 491 African American adolescents (48% female), associations of youth-reported experiences of racial discrimination and parental messages about preparation for racial bias with adolescents' later racial identity were examined. Cluster analysis resulted in four profiles of adolescents varying in reported frequency of racial discrimination from teachers and peers at school and frequency of parental racial discrimination coping messages during adolescents' 8th grade year. Boys were disproportionately over-represented in the cluster of youth experiencing more frequent discrimination but receiving fewer parental discrimination coping messages, relative to the overall sample. Also examined were clusters of adolescents' 11th grade racial identity attitudes about the importance of race (centrality), personal group affect (private regard), and perceptions of societal beliefs about African Americans (public regard). Girls and boys did not differ in their representation in racial identity clusters, but 8th grade discrimination/parent messages clusters were associated with 11th grade racial identity cluster membership, and these associations varied across gender groups. Boys experiencing more frequent discrimination but fewer parental coping messages were over-represented in the racial identity cluster characterized by low centrality, low private regard, and average public regard. The findings suggest that adolescents who experience racial discrimination but receive fewer parental supports for negotiating and coping with discrimination may be at heightened risk for internalizing stigmatizing experiences. Also, the findings suggest the need to consider the context of gender in adolescents' racial discrimination and parental racial socialization.

  7. Adding to the Education Debt: Depressive Symptoms Mediate the Association between Racial Discrimination and Academic Performance in African Americans

    Science.gov (United States)

    English, Devin; Lambert, Sharon F.; Ialongo, Nicholas S.

    2015-01-01

    Although the United States faces a seemingly intractable divide between white and African American academic performance, there remains a dearth of longitudinal research investigating factors that work to maintain this gap. The present study examined whether racial discrimination predicted the academic performance of African American students through its effect on depressive symptoms. Participants were a community sample of African American adolescents (N = 495) attending urban public schools from grade 7 to grade 9 (Mage = 12.5). Structural equation modeling revealed that experienced racial discrimination predicted increases in depressive symptoms 1 year later, which, in turn, predicted decreases in academic performance the following year. These results suggest that racial discrimination continues to play a critical role in the academic performance of African American students and, as such, contributes to the maintenance of the race-based academic achievement gap in the United States. PMID:27425564

  8. The fallacy of racial pharmacogenomics

    Directory of Open Access Journals (Sweden)

    S.D.J. Pena

    2011-04-01

    Full Text Available Personalized pharmacogenomics aims to use individual genotypes to direct medical treatment. Unfortunately, the loci relevant for the pharmacokinetics and especially the pharmacodynamics of most drugs are still unknown. Moreover, we still do not understand the role that individual genotypes play in modulating the pathogenesis, the clinical course and the susceptibility to drugs of human diseases which, although appearing homogeneous on the surface, may vary from patient to patient. To try to deal with this situation, it has been proposed to use interpopulational variability as a reference for drug development and prescription, leading to the development of "race-targeted drugs". Given the present limitations of genomic knowledge and of the tools needed to fully implement it today, some investigators have proposed to use racial criteria as a palliative measure until personalized pharmacogenomics is fully developed. This was the rationale for the FDA approval of BiDil for treatment of heart failure in African Americans. I will evaluate the efficacy and safety of racial pharmacogenomics here and conclude that it fails on both counts. Next I shall review the perspectives and the predicted rate of development of clinical genomic studies. The conclusion is that "next-generation" genomic sequencing is advancing at a tremendous rate and that true personalized pharmacogenomics, based on individual genotyping, should soon become a clinical reality.

  9. Catching Up or Falling Behind? Continuing Wealth Disparities for Immigrants to Canada by Region of Origin and Cohort.

    Science.gov (United States)

    Maroto, Michelle; Aylsworth, Laura

    2016-11-01

    This paper investigates wealth disparities among first-generation immigrants using data from the 2012 Survey of Financial Security. We apply logistic and linear regression models to estimate disparities in homeownership and household equivalent net worth by immigrant status, region of origin, and time since arrival. By focusing on immigrant families from different regions who entered Canada at different points in time, this research applies theories related to assimilation, human capital, and structural barriers to wealth. Our findings demonstrate that even though many immigrant families transition into homeownership and grow their wealth over time, certain first-generation immigrant groups continue to experience wealth disparities many years after their arrival to Canada. In particular, immigrant families from African, Asian, and Middle Eastern countries experienced the largest wealth gaps. Cet article examine les disparités de richesse entre les immigrants de première génération en utilisant les données de l'Enquête 2012 sur la sécurité financière. Nous appliquons des modèles de régression logistique et linéaire pour estimer les disparités dans la propriété et valeur nette des ménages équivalente par le statut d'immigrant, la région d'origine, et le temps écoulé depuis leur arrivée. En se concentrant sur les familles d'immigrants de différentes régions qui sont entrés au Canada à différents points dans le temps, cette recherche applique les théories liées à l'assimilation, le capital humain, et les obstacles structurels à la richesse. Nos résultats démontrent que même si de nombreuses familles d'immigrants transition vers la propriété et de croître leur richesse au fil du temps, certains groupes d'immigrants de première génération continuent d'éprouver des disparités de richesse de nombreuses années après leur arrivée au Canada. En particulier, les familles d'immigrants d'Afrique, d'Asie, et les pays du Moyen-Orient ont

  10. Scientific Wealth of Mongolia on a Global Scale

    Directory of Open Access Journals (Sweden)

    Bazar tser en Boldgiv

    2004-06-01

    Full Text Available This article attempts to objectively evaluate the scientific wealth of Mongolia as a nation, by analyzing journal publications by Mongolian scientists recorded in the ISI database. Publications by Mongolian authors for the period of 1979-2002 were included for analyses. Although the total number of publications has increased for the given period, there was no significant increase in the relative citation impact or RCI. Changes of publication quality as measured by RCI showed dif ferent trends for various scientific fields. Publications in clinical medicine and biology show most positive trend, whereas publications in mathematics and physics declined in quality. All the fields are well below the world’ s total publication quality for a comparable period. Additionally , percentage of papers by Mongolian senior authors has declined (though the trend is not significant. This is a rather disturbing trend given the fact that the number of researchers with a doctor ’s degree in the country has greatly increased during the same period of time. Quality of publications by Mongolian first authors and only Mongolian authors were significantly lower than collaborative ones. As far as we are aware, this is the first evaluation of scientific wealth of Mongolia as a whole and it is hoped that it would be helpful to policy-making and scientific communities in prioritizing and determining the direction of support and finance.

  11. Social Wealth Economic Indicators for a Caring Economy

    Directory of Open Access Journals (Sweden)

    Indradeep Ghosh

    2015-06-01

    Full Text Available This essay introduces the reader to an entirely new set of measures that are urgently needed by policymakers and business leaders to foster personal, business, and national economic success. Social Wealth Economic Indicators are measures suggested by a partnership model of society, and they inform us that care work matters tremendously but is grossly undervalued. In our contemporary knowledge-service economy, the essential ingredient for social and economic progress is high-quality human capital, and the way to build such human capital is to support the work of caring and caregiving, traditionally considered “women’s work.” The data presented in this essay clearly show that early childhood care and education, family-friendly workplace practices, and the status of women are key determinants of economic success. But they are also necessary for healthy, creative, and cohesive societies in which members work in partnership with each other and with the natural environment to improve living conditions for all. This is the true meaning of social wealth.

  12. The new challenges for oil-based sovereign wealth funds

    International Nuclear Information System (INIS)

    Aoun, Marie-Claire; Boulanger, Quentin

    2015-02-01

    Sovereign wealth funds (SWFs) are often presented as an effective instrument for managing hydrocarbon rents, reducing the impact of the volatility of oil or gas revenues on the economy, separating expenditure from income, and promoting a more transparent management of the rent. The asset allocation strategy has become more complex with the rapid rise in oil prices between 2007 and 2014, and the substantial financial reserves accumulated in hydrocarbon-producing countries, switching from an approach of wealth management to an approach of investment and financial optimisation. Hence, these funds have become major players on the international financial and industrial scene. Moreover, with the discovery of new hydrocarbon resources in recent years, particularly in Africa, the strategies of new funds appear to be moving towards a new goal of local economic development. But the unforeseen collapse of crude oil prices in recent months poses a new risk for some SWFs based on hydrocarbon revenues, which has to come to the aid of their economies and focus on their main principle of macro-economic stabilisation. (author)

  13. Wealth, Health Expenditure, and Cancer: A National Perspective.

    Science.gov (United States)

    Chahoud, Jad; Semaan, Adele; Rieber, Alyssa

    2016-08-01

    The US health care system is characterized by high health expenditures with penultimate outcomes. This ecological study evaluates the associations between wealth, health expenditure, and cancer outcomes at the state level. We extracted gross domestic product (GDP) and health expenditure per capita from the 2009 Bureau of Economic Analysis and the Centers for Medicare & Medicaid Services, respectively. Using data from the NCI, we retrieved colorectal cancer (CRC), breast cancer, and all-cancer age-adjusted rates and computed mortality/incidence (M/I) ratios. We used the Spearman's rank correlation to determine the association between the financial indicators and cancer outcomes, and we constructed geographic distribution maps to describe these associations. GDP per capita significantly correlated with lower M/I ratios for all cancers, breast cancer, and CRC. As for health expenditure per capita, preliminary analysis highlighted a rift between the Northeastern and Southern states, which translated into worse breast and all-cancer outcomes in Southern states. Further analysis showed that higher health expenditure significantly correlated with decreased breast cancer M/I ratio. However, CRC outcomes were not significantly affected by health expenditure, nor were all-cancer outcomes. All cancers, breast cancer, and CRC outcomes significantly correlated with wealth, whereas only breast cancer correlated with higher health expenditure. Future research is needed to evaluate the potential role of policies in optimizing resource allocation in the states' efforts against CRC and minimizing disparities in interstate cancer outcomes. Copyright © 2016 by the National Comprehensive Cancer Network.

  14. Income, Wealth and Health Inequalities - A Scottish Social Justice Perspective.

    Science.gov (United States)

    Molony, Elspeth; Duncan, Christine

    2016-01-01

    This paper considers health inequalities through a social justice perspective. The authors draw on a variety of existing sources of evidence, including experiential, scientific and contextual knowledge. The authors work with NHS Health Scotland, a national Health Board working to reduce health inequalities and improve health. Working closely with the Scottish Government and with a variety of stakeholders across different sectors, NHS Health Scotland's vision for a fairer, healthier Scotland is founded on the principles of social justice. The paper takes social justice as the starting point and explores what it means for two interlinked paradigms of social injustice-health inequality and income inequality. Utilising the wealth of evidence synthesised by NHS Health Scotland as well as drawing on the writings and evidence of philosophers, epidemiologists, the Scottish Government and international bodies, the authors explore the links between income and wealth inequality, social justice, the right to health and health inequalities. The paper ends by considering the extent to which there is appetite for social change in Scotland by considering the attitudes of the people of Scotland and of Britain to poverty, inequality and welfare.

  15. Black and Hispanic Immigrants' Resilience against Negative-Ability Racial Stereotypes at Selective Colleges and Universities in the United States

    Science.gov (United States)

    Owens, Jayanti; Lynch, Scott M.

    2012-01-01

    Stereotype threat is a widely supported theory for understanding the racial achievement gap in college grade performance. However, today's minority college students are increasingly of immigrant origins, and it is unclear whether two dispositional mechanisms that may increase susceptibility to stereotype threat are applicable to immigrants. We use…

  16. Challenging a culture of racial equivalence.

    Science.gov (United States)

    Song, Miri

    2014-03-01

    We live at a time when our understandings and conceptualizations of 'racism' are often highly imprecise, broad, and used to describe a wide range of racialized phenomena. In this article, I raise some important questions about how the term racism is used and understood in contemporary British society by drawing on some recent cases of alleged racism in football and politics, many of which have been played out via new media technologies. A broader understanding of racism, through the use of the term 'racialization', has been helpful in articulating a more nuanced and complex understanding of racial incidents, especially of people's (often ambivalent) beliefs and behaviours. However, the growing emphasis upon 'racialization' has led to a conceptualization of racism which increasingly involves multiple perpetrators, victims, and practices without enough consideration of how and why particular interactions and practices constitute racism as such. The trend toward a growing culture of racial equivalence is worrying, as it denudes the idea of racism of its historical basis, severity and power. These frequent and commonplace assertions of racism in the public sphere paradoxically end up trivializing and homogenizing quite different forms of racialized interactions. I conclude that we need to retain the term 'racism', but we need to differentiate more clearly between 'racism' (as an historical and structured system of domination) from the broader notion of 'racialization'. © London School of Economics and Political Science 2014.

  17. The Effect of Post-Racial Theory on Education

    Science.gov (United States)

    Warren, Christopher A.

    2012-01-01

    The proliferation of post-racial theory (PRT) in both social and political spheres of dominant American hegemony has illustrated a desire among academic circles to move past race and racial categories in social analysis. However, absent within post-racial rhetoric is critical language on how to abolish racism and racial inequality. (Samad 2009) It…

  18. Racial Prejudice in College Students: A Cross-Sectional Examination

    Science.gov (United States)

    Gassner, Breanna; McGuigan, William

    2014-01-01

    Racial prejudice is based upon negative preconceived notions of select racial groups with the assumption that all members of a particular racial group can be categorized with the same negative characteristics. Social categorization allows for quick sorting of individuals into racial groups saturated with a common flavor. Allport's Principle of…

  19. Predictors of Racial Prejudice in White American Counseling Students

    Science.gov (United States)

    Castillo, Linda G.; Conoley, Collie W.; King, Jennifer; Rollins, Dahl; Rivera, Saori; Veve, Mia

    2006-01-01

    This study extends the research on racial prejudice by combining previously identified predictors into 1 study to determine their relative importance in contributing to racial prejudice. Results revealed that White racial identity significantly predicted racial prejudice when demographic variables were controlled. Implications of reducing racial…

  20. Perceptions of national wealth and skill influence pay expectations: replicating global hierarchy on a microscale

    Science.gov (United States)

    Maitner, Angela T.; DeCoster, Jamie

    2015-01-01

    In highly multicultural societies, the economic status hierarchy may come to mimic the hierarchy of global wealth, reinforcing social inequality by tying pay scales to national wealth. We investigated how nationality influences expectations of payment in the UAE. Participants reported how much they expected people to be paid and how much skill they were perceived to have by nationality. They also reported their perceptions of the national wealth of different countries. Participants generally expected Westerners to be paid more than Arabs, who would be paid more than Sub-Saharan Africans and Asians. Expectations about payment in private sector employment were driven by both actual and stereotyped differences in national wealth and skill, with non-Gulf Cooperation Council Arabs most likely to see national wealth as a factor explaining the economic hierarchy. These results suggest that people expect payment to be tied to national wealth, reflecting the global hierarchy on a microscale. PMID:26074852

  1. Household Wealth Trends in the United States, 1962 to 2013: What Happened over the Great Recession?

    Directory of Open Access Journals (Sweden)

    Edward N. Wolff

    2016-10-01

    Full Text Available I look at wealth trends from 1962 to 2013, particularly for the middle class. Asset prices plunged between 2007 and 2010 but then rebounded from 2010 to 2013. The most telling finding is that median wealth plummeted by 44 percent between 2007 and 2010, almost double the drop in housing prices. Wealth inequality, after almost two decades of little movement, was up sharply from 2007 to 2010. This sharp fall in median net worth and rise in overall wealth inequality are traceable primarily to the high leverage of middle-class families, the high share of homes in their portfolio, and the plunge in house prices. Rather remarkably, median (and mean wealth did not essentially change from 2010 to 2013 despite the rebound in asset prices. The proximate cause was the high dissavings of the middle class. Wealth inequality also remained largely unchanged.

  2. Perceptions of national wealth and skill influence pay expectations: replicating global hierarchy on a microscale.

    Science.gov (United States)

    Maitner, Angela T; DeCoster, Jamie

    2015-01-01

    In highly multicultural societies, the economic status hierarchy may come to mimic the hierarchy of global wealth, reinforcing social inequality by tying pay scales to national wealth. We investigated how nationality influences expectations of payment in the UAE. Participants reported how much they expected people to be paid and how much skill they were perceived to have by nationality. They also reported their perceptions of the national wealth of different countries. Participants generally expected Westerners to be paid more than Arabs, who would be paid more than Sub-Saharan Africans and Asians. Expectations about payment in private sector employment were driven by both actual and stereotyped differences in national wealth and skill, with non-Gulf Cooperation Council Arabs most likely to see national wealth as a factor explaining the economic hierarchy. These results suggest that people expect payment to be tied to national wealth, reflecting the global hierarchy on a microscale.

  3. Wealth in Middle and Later Life: Examining the Life Course Timing of Women's Health Limitations.

    Science.gov (United States)

    Wilkinson, Lindsay R; Ferraro, Kenneth F; Mustillo, Sarah A

    2018-06-04

    Guided by cumulative inequality theory, this study poses two main questions: (a) Does women's poor health compromise household financial assets? (b) If yes, is wealth sensitive to the timing of women's health limitations? In addressing these questions, we consider the effect of health limitations on wealth at older ages, as well as examine how health limitations influence wealth over particular segments of the life course, giving attention to both the onset and duration of health limitations. Using 36 years of data from the National Longitudinal Survey of Mature Women, piecewise growth curve and linear regression models were used to estimate the effects of life course timing and duration of health limitations on household wealth. The findings reveal that women who experienced health limitations accumulated substantially less wealth over time, especially if the health limitations were manifest during childhood or early adulthood. This study identifies how early-life health problems lead to less wealth in later life.

  4. Emergence of Wealth Inequality in China: Evidence from Rural Household Survey, 1986 -2000

    Directory of Open Access Journals (Sweden)

    Kyeongwon Yoo

    2003-12-01

    Full Text Available Based on relatively recent household survey data (1986 2000 in rural China, this paper analyzes the composition and inequality in non-land wealth. We first document the evolution of rural households wealth during the sample period. Our results show that the housing assets have played a dominant role in their wealth composition although the share of the assets tends to decrease during the period. We also observe that financial and fixed assets have become relatively important in their wealth composition. Based on various inequality measures we are able to provide consistent evidence that the inequality of wealth distribution has worsened in rural China. We find that financial asset holdings appear to have significant unequalizing effect on the total non-land wealth distribution, mostly due to the growing differential in rural non-farm opportunities.

  5. On the wealth of nations: Bourdieuconomics and social capital

    DEFF Research Database (Denmark)

    Svendsen, Gunnar Lind Haase; Svendsen, Gert Tinggaard

    2003-01-01

    Why are some countries richer than others? We suggest in the line of political economy theory that traditional production factors cannot explain the observed differences. Rather, differences in the quality of formal institutions are crucial to economic wealth. However, this type of political...... economy theory accentuating the role of formal institutions cannot stand on its own. This implies a socio-economic approach in the study where we supplement the formal institutional thesis with Bourdieu's idea of material and immaterial forms of capital. Such new socio-economics - which might be termed...... a 'Bourdieuconomics' - implies the usage of a capital theory that, methodologically, operates with material and immaterial forms of capital at the same level. Here, we stress the particular importance of an immaterial form of capital, namely social capital, which facilitates informal human exchange thereby...

  6. Predicting poverty and wealth from mobile phone metadata.

    Science.gov (United States)

    Blumenstock, Joshua; Cadamuro, Gabriel; On, Robert

    2015-11-27

    Accurate and timely estimates of population characteristics are a critical input to social and economic research and policy. In industrialized economies, novel sources of data are enabling new approaches to demographic profiling, but in developing countries, fewer sources of big data exist. We show that an individual's past history of mobile phone use can be used to infer his or her socioeconomic status. Furthermore, we demonstrate that the predicted attributes of millions of individuals can, in turn, accurately reconstruct the distribution of wealth of an entire nation or to infer the asset distribution of microregions composed of just a few households. In resource-constrained environments where censuses and household surveys are rare, this approach creates an option for gathering localized and timely information at a fraction of the cost of traditional methods. Copyright © 2015, American Association for the Advancement of Science.

  7. Communicating martial arts knowledge: Conferring over a wealth of possibilities

    Directory of Open Access Journals (Sweden)

    George Jennings

    2017-08-01

    Full Text Available The 3rd Annual Martial Arts Studies Conference held at Cardiff University (11-13 July, 2017 was an eclectic collection of keynotes, papers, workshops, networking and social events. It connected PhD students, established professors and practitioner-instructors in university lecture rooms, public parks and music halls across three days of academic, social and physical activities. From historical studies of Chinese martial arts to the performance of Indian styles, it brought together scholars, practitioner-researchers and martial artists for a supportive, but also scholarly, gathering – one which was both thematically open but at the same united by an exploration of the communication of embodied research and knowledge. In sum, the conference demonstrated that martial arts studies, as a still young field, shows a wealth of promise, with emerging leaders, topics and debates that will stimulate future research, cross-continental collaboration and intercultural dialogue.

  8. The Dynamics of Wealth Inequality and the Effect of Income Distribution.

    Directory of Open Access Journals (Sweden)

    Yonatan Berman

    Full Text Available The rapid increase of wealth inequality in the past few decades is one of the most disturbing social and economic issues of our time. Studying its origin and underlying mechanisms is essential for policy aiming to control and even reverse this trend. In that context, controlling the distribution of income, using income tax or other macroeconomic policy instruments, is generally perceived as effective for regulating the wealth distribution. We provide a theoretical tool, based on the realistic modeling of wealth inequality dynamics, to describe the effects of personal savings and income distribution on wealth inequality. Our theoretical approach incorporates coupled equations, solved using iterated maps to model the dynamics of wealth and income inequality. Notably, using the appropriate historical parameter values we were able to capture the historical dynamics of wealth inequality in the United States during the course of the 20th century. It is found that the effect of personal savings on wealth inequality is substantial, and its major decrease in the past 30 years can be associated with the current wealth inequality surge. In addition, the effect of increasing income tax, though naturally contributing to lowering income inequality, might contribute to a mild increase in wealth inequality and vice versa. Plausible changes in income tax are found to have an insignificant effect on wealth inequality, in practice. In addition, controlling the income inequality, by progressive taxation, for example, is found to have a very small effect on wealth inequality in the short run. The results imply, therefore, that controlling income inequality is an impractical tool for regulating wealth inequality.

  9. The Dynamics of Wealth Inequality and the Effect of Income Distribution

    Science.gov (United States)

    Berman, Yonatan; Shapira, Yoash

    2016-01-01

    The rapid increase of wealth inequality in the past few decades is one of the most disturbing social and economic issues of our time. Studying its origin and underlying mechanisms is essential for policy aiming to control and even reverse this trend. In that context, controlling the distribution of income, using income tax or other macroeconomic policy instruments, is generally perceived as effective for regulating the wealth distribution. We provide a theoretical tool, based on the realistic modeling of wealth inequality dynamics, to describe the effects of personal savings and income distribution on wealth inequality. Our theoretical approach incorporates coupled equations, solved using iterated maps to model the dynamics of wealth and income inequality. Notably, using the appropriate historical parameter values we were able to capture the historical dynamics of wealth inequality in the United States during the course of the 20th century. It is found that the effect of personal savings on wealth inequality is substantial, and its major decrease in the past 30 years can be associated with the current wealth inequality surge. In addition, the effect of increasing income tax, though naturally contributing to lowering income inequality, might contribute to a mild increase in wealth inequality and vice versa. Plausible changes in income tax are found to have an insignificant effect on wealth inequality, in practice. In addition, controlling the income inequality, by progressive taxation, for example, is found to have a very small effect on wealth inequality in the short run. The results imply, therefore, that controlling income inequality is an impractical tool for regulating wealth inequality. PMID:27105224

  10. The Dynamics of Wealth Inequality and the Effect of Income Distribution.

    Science.gov (United States)

    Berman, Yonatan; Ben-Jacob, Eshel; Shapira, Yoash

    2016-01-01

    The rapid increase of wealth inequality in the past few decades is one of the most disturbing social and economic issues of our time. Studying its origin and underlying mechanisms is essential for policy aiming to control and even reverse this trend. In that context, controlling the distribution of income, using income tax or other macroeconomic policy instruments, is generally perceived as effective for regulating the wealth distribution. We provide a theoretical tool, based on the realistic modeling of wealth inequality dynamics, to describe the effects of personal savings and income distribution on wealth inequality. Our theoretical approach incorporates coupled equations, solved using iterated maps to model the dynamics of wealth and income inequality. Notably, using the appropriate historical parameter values we were able to capture the historical dynamics of wealth inequality in the United States during the course of the 20th century. It is found that the effect of personal savings on wealth inequality is substantial, and its major decrease in the past 30 years can be associated with the current wealth inequality surge. In addition, the effect of increasing income tax, though naturally contributing to lowering income inequality, might contribute to a mild increase in wealth inequality and vice versa. Plausible changes in income tax are found to have an insignificant effect on wealth inequality, in practice. In addition, controlling the income inequality, by progressive taxation, for example, is found to have a very small effect on wealth inequality in the short run. The results imply, therefore, that controlling income inequality is an impractical tool for regulating wealth inequality.

  11. Income and wealth distribution of the richest Norwegian individuals: An inequality analysis

    Science.gov (United States)

    Jagielski, Maciej; Czyżewski, Kordian; Kutner, Ryszard; Stanley, H. Eugene

    2017-05-01

    Using the empirical data from the Norwegian Tax Administration, we analyze the wealth and income of the richest individuals in Norway during the period 2010-2013. We find that both annual income and wealth level of the richest individuals are describable using the Pareto law. We find that the robust mean Pareto exponent over the four-year period to be ≈2.3 for income and ≈1.5 for wealth.

  12. The Influence of Wealth and Race in Four-Year College Attendance

    OpenAIRE

    Su Jin Jez

    2008-01-01

    College is increasingly essential for economic and social mobility. Current research devotes significant attention to race and socioeconomic factors in college access. Yet wealth’s role, as differentiated from income, is largely unexplored. Utilizing a nationally representative dataset, this study analyzes the role of wealth among students who attend four-year colleges. The hypothesis that wealth matters through the provision of differential habitus, social capital, and cultural capital tha...

  13. Poor and distressed, but happy: situational and cultural moderators of the relationship between wealth and happiness

    OpenAIRE

    Borrero, Silvio; Bolena Escobar, Ana; Cortés, Aura María; Maya, Luis Carlos

    2013-01-01

    Evidence on the relationship between wealth and happiness is mixed, hinting that there are situational or individual factors that account for the variability in results. This paper contends that wealth is in fact related to happiness. More specifically, it is proposed that poverty - as well as other adverse situations- has an undermining effect on happiness, and that this effect is attenuated by a collectivist orientation. Analyses of variance (ANOVAs) using data on happiness, wealth and cult...

  14. Behavioral and network origins of wealth inequality: insights from a virtual world.

    Directory of Open Access Journals (Sweden)

    Benedikt Fuchs

    Full Text Available Almost universally, wealth is not distributed uniformly within societies or economies. Even though wealth data have been collected in various forms for centuries, the origins for the observed wealth-disparity and social inequality are not yet fully understood. Especially the impact and connections of human behavior on wealth could so far not be inferred from data. Here we study wealth data from the virtual economy of the massive multiplayer online game (MMOG Pardus. This data not only contains every player's wealth at every point in time, but also all actions over a timespan of almost a decade. We find that wealth distributions in the virtual world are very similar to those in Western countries. In particular we find an approximate exponential distribution for low wealth levels and a power-law tail for high levels. The Gini index is found to be g = 0.65, which is close to the indices of many Western countries. We find that wealth-increase rates depend on the time when players entered the game. Players that entered the game early on tend to have remarkably higher wealth-increase rates than those who joined later. Studying the players' positions within their social networks, we find that the local position in the trade network is most relevant for wealth. Wealthy people have high in- and out-degrees in the trade network, relatively low nearest-neighbor degrees, and low clustering coefficients. Wealthy players have many mutual friendships and are socially well respected by others, but spend more time on business than on socializing. Wealthy players have few personal enemies, but show animosity towards players that behave as public enemies. We find that players that are not organized within social groups are significantly poorer on average. We observe that "political" status and wealth go hand in hand.

  15. Behavioral and network origins of wealth inequality: insights from a virtual world.

    Science.gov (United States)

    Fuchs, Benedikt; Thurner, Stefan

    2014-01-01

    Almost universally, wealth is not distributed uniformly within societies or economies. Even though wealth data have been collected in various forms for centuries, the origins for the observed wealth-disparity and social inequality are not yet fully understood. Especially the impact and connections of human behavior on wealth could so far not be inferred from data. Here we study wealth data from the virtual economy of the massive multiplayer online game (MMOG) Pardus. This data not only contains every player's wealth at every point in time, but also all actions over a timespan of almost a decade. We find that wealth distributions in the virtual world are very similar to those in Western countries. In particular we find an approximate exponential distribution for low wealth levels and a power-law tail for high levels. The Gini index is found to be g = 0.65, which is close to the indices of many Western countries. We find that wealth-increase rates depend on the time when players entered the game. Players that entered the game early on tend to have remarkably higher wealth-increase rates than those who joined later. Studying the players' positions within their social networks, we find that the local position in the trade network is most relevant for wealth. Wealthy people have high in- and out-degrees in the trade network, relatively low nearest-neighbor degrees, and low clustering coefficients. Wealthy players have many mutual friendships and are socially well respected by others, but spend more time on business than on socializing. Wealthy players have few personal enemies, but show animosity towards players that behave as public enemies. We find that players that are not organized within social groups are significantly poorer on average. We observe that "political" status and wealth go hand in hand.

  16. CEO's empathy and salience of socioemotional wealth in family SMEs The moderating role of external directors

    OpenAIRE

    Goel, Sanjay; VOORDECKERS, Wim; VAN GILS, Anita; VAN DEN HEUVEL, Jeroen

    2013-01-01

    A focus on preserving socioemotional wealth may influence entrepreneurial activities in family firms. In this paper, we identify the emotion of empathy in the family CEO as an antecedent of socioemotional wealth creation. We argue that the presence of one or more external directors can have a direct as well as moderating influence on the relationship between CEO's empathy and the salience of socioemotional wealth to the family CEO. Our empirical tests confirm these hypotheses. Several areas o...

  17. Do the wealthy have a health advantage? Cardiovascular disease risk factors and wealth.

    Science.gov (United States)

    Hajat, A; Kaufman, J S; Rose, K M; Siddiqi, A; Thomas, J C

    2010-12-01

    The use of wealth as a measure of socioeconomic status (SES) remains uncommon in epidemiological studies. When used, wealth is often measured crudely and at a single point in time. Our study explores the relationship between wealth and three cardiovascular disease (CVD) risk factors (smoking, obesity and hypertension) in a US population. We improve upon existing literature by using a detailed and validated measure of wealth in a longitudinal setting. We used four waves of data from the Panel Study of Income Dynamics (PSID) collected between 1999 and 2005. Inverse probability weights were employed to control for time-varying confounding and to estimate both relative (risk ratio) and absolute (risk difference) measures of effect. Wealth was defined as inflation-adjusted net worth and specified as a six category variable: one category for those with less than or equal to zero wealth and quintiles of positive wealth. After adjusting for income and other time-varying confounders, as well as baseline covariates, the risk of becoming obese was inversely related to wealth. There was a 40%-89% higher risk of becoming obese among the less wealthy relative to the wealthiest quintile and 11 to 25 excess cases (per 1000 persons) among the less wealthy groups over six years of follow up. Smoking initiation had similar but more moderate effects; risk ratios and differences both revealed a smaller magnitude of effect compared to obesity. Of the three CVD risk factors examined here, hypertension incidence had the weakest association with wealth, showing a smaller increased risk and fewer excess cases among the less wealthy groups. In conclusion, this study found a strong inverse association between wealth and obesity incidence, a moderate inverse association between wealth and smoking initiation and a weak inverse association between wealth and hypertension incidence after controlling for income and other time-varying confounders. Copyright © 2010 Elsevier Ltd. All rights reserved.

  18. Simulating the wealth distribution with a Richest-Following strategy on scale-free network

    Science.gov (United States)

    Hu, Mao-Bin; Jiang, Rui; Wu, Qing-Song; Wu, Yong-Hong

    2007-07-01

    In this paper, we investigate the wealth distribution with agents playing evolutionary games on a scale-free social network adopting the Richest-Following strategy. Pareto's power-law distribution (1897) of wealth is demonstrated with power factor in agreement with that of US or Japan. Moreover, the agent's personal wealth is proportional to its number of contacts (connectivity), and this leads to the phenomenon that the rich gets richer and the poor gets relatively poorer, which agrees with the Matthew Effect.

  19. Socioeconomic inequalities in skilled birth attendance and child stunting in selected low and middle income countries: Wealth quintiles or deciles?

    Directory of Open Access Journals (Sweden)

    Kerry L M Wong

    Full Text Available Wealth quintiles derived from household asset indices are routinely used for measuring socioeconomic inequalities in the health of women and children in low and middle-income countries. We explore whether the use of wealth deciles rather than quintiles may be advantageous.We selected 46 countries with available national surveys carried out between 2003 and 2013 and with a sample size of at least 3000 children. The outcomes were prevalence of under-five stunting and delivery by a skilled birth attendant (SBA. Differences and ratios between extreme groups for deciles (D1 and D10 and quintiles (Q1 and Q5 were calculated, as well as two summary measures: the slope index of inequality (SII and concentration index (CIX.In virtually all countries, stunting prevalence was highest among the poor, and there were larger differences between D1 and D10 than between Q1 and Q5. SBA coverage showed pro-rich patterns in all countries; in four countries the gap was greater than 80 pct points. With one exception, differences between extreme deciles were larger than between quintiles. Similar patterns emerged when using ratios instead of differences. The two summary measures provide very similar results for quintiles and deciles. Patterns of top or bottom inequality varied with national coverage levels.Researchers and policymakers should consider breakdowns by wealth deciles, when sample sizes allow. Use of deciles may contribute to advocacy efforts, monitoring inequalities over time, and targeting health interventions. Summary indices of inequalities were unaffected by the use of quintiles or deciles in their calculation.

  20. Socioeconomic inequalities in skilled birth attendance and child stunting in selected low and middle income countries: Wealth quintiles or deciles?

    Science.gov (United States)

    Wong, Kerry L M; Restrepo-Méndez, María Clara; Barros, Aluísio J D; Victora, Cesar G

    2017-01-01

    Wealth quintiles derived from household asset indices are routinely used for measuring socioeconomic inequalities in the health of women and children in low and middle-income countries. We explore whether the use of wealth deciles rather than quintiles may be advantageous. We selected 46 countries with available national surveys carried out between 2003 and 2013 and with a sample size of at least 3000 children. The outcomes were prevalence of under-five stunting and delivery by a skilled birth attendant (SBA). Differences and ratios between extreme groups for deciles (D1 and D10) and quintiles (Q1 and Q5) were calculated, as well as two summary measures: the slope index of inequality (SII) and concentration index (CIX). In virtually all countries, stunting prevalence was highest among the poor, and there were larger differences between D1 and D10 than between Q1 and Q5. SBA coverage showed pro-rich patterns in all countries; in four countries the gap was greater than 80 pct points. With one exception, differences between extreme deciles were larger than between quintiles. Similar patterns emerged when using ratios instead of differences. The two summary measures provide very similar results for quintiles and deciles. Patterns of top or bottom inequality varied with national coverage levels. Researchers and policymakers should consider breakdowns by wealth deciles, when sample sizes allow. Use of deciles may contribute to advocacy efforts, monitoring inequalities over time, and targeting health interventions. Summary indices of inequalities were unaffected by the use of quintiles or deciles in their calculation.

  1. Evaluation of the national wealth in the context of international practices

    OpenAIRE

    I. Bobuh

    2011-01-01

    The practices of economic evaluation of a nation's wealth in the foreign countries and in Ukraine are reviewed in the article. The ways to improve methodological approaches to the evaluation of the national wealth are ex-plained. The author laid out the arguments proving the need to apply an empirical matrix of economic evaluation of the national wealth on the basis of the two-level model. The latter treats the national wealth as consisting of national capital and non-capitalized resources.

  2. Inheritance and intergenerational wealth transmission in eighteenth-century Ottoman Kastamonu: an empirical investigation.

    Science.gov (United States)

    Ergene, Boğaç A; Berker, Ali

    2009-01-01

    This article investigates the relationship between inheritance and wealth in the context of eighteenth-century Ottoman Kastamonu. Based on the estate inventories of the deceased (sing. tereke) as recorded in Kastamonu court records (sicils), the article introduces a variety of quantitative techniques to measure the impact of Islamic inheritance practices on wealth accumulation across subsequent generations and to understand how it influenced wealth mobility among various socioeconomic groups. The estimations provided in this article suggest that while the inheritance practice in Kastamonu caused wealth fragmentation, the process also contributed to the durability of economic divisions within the provincial Ottoman society.

  3. Wealth Effects on Household Final Consumption: Stock and Housing Market Channels

    Directory of Open Access Journals (Sweden)

    Yener Coskun

    2018-06-01

    Full Text Available The study primarily explores the linkage between wealth effects, arising from stock and housing market channels, and household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we employ regression analysis through the common correlated effects mean group (CCEMG estimator, as well as Durbin–Hausman cointegration and Dumitrescu and Hurlin (2012 causality tests. The study provides various pieces of evidence through whole-panel and country-level analyses. In this respect, we find that consumption is mostly explained by income and housing wealth is positively and significantly correlated with consumption. As counter-intuitive evidence, we detect a negative linkage between consumption and stock wealth. The evidence also suggests a long-run cointegration relationship among consumption, income, interest rates, housing wealth, and stock wealth. Moreover, we find bidirectional causality between consumption and income, stock wealth, housing wealth, and interest rates. Overall, the evidence implies that housing wealth, rather than stock wealth, is the primary source of consumption growth in advanced countries.

  4. Mental Health Following Acquisition of Disability in Adulthood--The Impact of Wealth.

    Science.gov (United States)

    Kavanagh, Anne Marie; Aitken, Zoe; Krnjacki, Lauren; LaMontagne, Anthony Daniel; Bentley, Rebecca; Milner, Allison

    2015-01-01

    Acquisition of a disability in adulthood has been associated with a reduction in mental health. We tested the hypothesis that low wealth prior to disability acquisition is associated with a greater deterioration in mental health than for people with high wealth. We assess whether level of wealth prior to disability acquisition modifies this association using 12 waves of data (2001-2012) from the Household, Income and Labour Dynamics in Australia survey--a population-based cohort study of working-age Australians. Eligible participants reported at least two consecutive waves of disability preceded by at least two consecutive waves without disability (1977 participants, 13,518 observations). Fixed-effects linear regression was conducted with a product term between wealth prior to disability (in tertiles) and disability acquisition with the mental health component score of the SF-36 as the outcome. In models adjusted for time-varying confounders, there was evidence of negative effect measure modification by prior wealth of the association between disability acquisition and mental health (interaction term for lowest wealth tertile: -2.2 points, 95% CI -3.1 points, -1.2, pwealth was associated with a greater decline in mental health following disability acquisition (-3.3 points, 95% CI -4.0, -2.5) than high wealth (-1.1 points, 95% CI -1.7, -0.5). The findings suggest that low wealth prior to disability acquisition in adulthood results in a greater deterioration in mental health than among those with high wealth.

  5. The Social Form of Wealth as a Dominant in the Development Potential of Modern Macroeconomic Systems

    Directory of Open Access Journals (Sweden)

    Silantiev Oleh I.

    2018-02-01

    Full Text Available The publication is aimed at researching the role of the social form of wealth and its constituents in the development potential of modern macroeconomic systems. The essence of social wealth has been disclosed and the concept of «social form of wealth» has been defined. The ability of social capital to promote materialization of the potential reserves of development of society is characterized, that is caused by its productive value when it develops itself and develops possibilities of increase of other forms of wealth in certain combinations. The ability of social capital to be integrated into a reproduced process at almost any stage of the latter has been determined. Presence of a controversy between the traditional capitalist way of production of wealth (with a focus on the growth of private wealth corporations and post-industrial (which in practice is manifested in the asymmetry of information has been proved. It has been determined that the social capital is considered as an individual property of everyone, which, however, can become a public (collective resource in whole or in part. The importance of the carried out research is an improvement of theoretical approaches to understanding how the volume of social wealth, accumulated by macroeconomic systems, impacts economic-social development. Prospects for further research are an in-depth study of the relationship between the social wealth of macroeconomic systems and the volume of their wealth.

  6. In blind pursuit of racial equality?

    Science.gov (United States)

    Apfelbaum, Evan P; Pauker, Kristin; Sommers, Samuel R; Ambady, Nalini

    2010-11-01

    Despite receiving little empirical assessment, the color-blind approach to managing diversity has become a leading institutional strategy for promoting racial equality, across domains and scales of practice. We gauged the utility of color blindness as a means to eliminating future racial inequity--its central objective--by assessing its impact on a sample of elementary-school students. Results demonstrated that students exposed to a color-blind mind-set, as opposed to a value-diversity mind-set, were actually less likely both to detect overt instances of racial discrimination and to describe such events in a manner that would prompt intervention by certified teachers. Institutional messages of color blindness may therefore artificially depress formal reporting of racial injustice. Color-blind messages may thus appear to function effectively on the surface even as they allow explicit forms of bias to persist.

  7. Racial Earnings Differentials and Performance Pay

    Science.gov (United States)

    Heywood, John S.; O'Halloran, Patrick L.

    2005-01-01

    A comparative analysis between output-based payment and time rates payment is presented. It is observed that racial or gender earnings discrimination is more likely in time rates payment and supervisory evaluations.

  8. School accountability and the black-white test score gap.

    Science.gov (United States)

    Gaddis, S Michael; Lauen, Douglas Lee

    2014-03-01

    Since at least the 1960s, researchers have closely examined the respective roles of families, neighborhoods, and schools in producing the black-white achievement gap. Although many researchers minimize the ability of schools to eliminate achievement gaps, the No Child Left Behind Act (NCLB) increased pressure on schools to do so by 2014. In this study, we examine the effects of NCLB's subgroup-specific accountability pressure on changes in black-white math and reading test score gaps using a school-level panel dataset on all North Carolina public elementary and middle schools between 2001 and 2009. Using difference-in-difference models with school fixed effects, we find that accountability pressure reduces black-white achievement gaps by raising mean black achievement without harming mean white achievement. We find no differential effects of accountability pressure based on the racial composition of schools, but schools with more affluent populations are the most successful at reducing the black-white math achievement gap. Thus, our findings suggest that school-based interventions have the potential to close test score gaps, but differences in school composition and resources play a significant role in the ability of schools to reduce racial inequality. Copyright © 2013 Elsevier Inc. All rights reserved.

  9. The Gender and Race Composition of Jobs and the Male/Female, White/Black Pay Gaps.

    Science.gov (United States)

    Tomaskovic-Devey, Donald

    1993-01-01

    Analysis of North Carolina survey data indicates that females' average hourly wages were 71% of males', and blacks' wages were 78% of whites'. Human capital factors (educational attainment and occupational experience) explained 31% and 3% of the racial and gender gaps, respectively. Job gender composition explained 56% of the gender gap; job…

  10. Conflict Management in Inter-racial Relationships

    OpenAIRE

    Sakti D, Andika; Lailiyah, S.Sos, M.I.Kom, Nuriyatul

    2016-01-01

    Based on the principle of conformity, a person tends to prefer a partner who has in common with him. But as the times goes by along with the era which is increasingly open, we have encountered inter-racial relationships, including in Indonesia. When couples come from different cultural backgrounds, the values, rules, standpoints, habits, and methods that used in relationship must also be different. The characteristics differences are tend to be the cause of conflict on inter-racial relationsh...

  11. THE ROLE OF LOCATION IN EVALUATING RACIAL WAGE DISPARITY.

    Science.gov (United States)

    Black, Dan A; Kolesnikova, Natalia; Sanders, Seth G; Taylor, Lowell J

    2013-05-01

    A standard object of empirical analysis in labor economics is a modified Mincer wage function in which an individual's log wage is specified to be a function of education, experience, and an indicator variable identifying race. We analyze this approach in a context in which individuals live and work in different locations (and thus face different housing prices and wages). Our model provides a justification for the traditional approach, but with the important caveat that the regression should include location-specific fixed effects. Empirical analyses of men in U.S. labor markets demonstrate that failure to condition on location causes us to (i) overstate the decline in black-white wage disparity over the past 60 years, and (ii) understate racial and ethnic wage gaps that remain after taking into account measured cognitive skill differences that emerge when workers are young.

  12. THE ROLE OF LOCATION IN EVALUATING RACIAL WAGE DISPARITY

    Science.gov (United States)

    Black, Dan A.; Kolesnikova, Natalia; Sanders, Seth G.; Taylor, Lowell J.

    2015-01-01

    A standard object of empirical analysis in labor economics is a modified Mincer wage function in which an individual’s log wage is specified to be a function of education, experience, and an indicator variable identifying race. We analyze this approach in a context in which individuals live and work in different locations (and thus face different housing prices and wages). Our model provides a justification for the traditional approach, but with the important caveat that the regression should include location-specific fixed effects. Empirical analyses of men in U.S. labor markets demonstrate that failure to condition on location causes us to (i) overstate the decline in black-white wage disparity over the past 60 years, and (ii) understate racial and ethnic wage gaps that remain after taking into account measured cognitive skill differences that emerge when workers are young. PMID:25798025

  13. The Theoretical-Methodological Foundations for Studying the Wealth: a Conceptual-Categorial Analysis of the «Wealth – Potential – Development»

    Directory of Open Access Journals (Sweden)

    Silantiev Oleh I.

    2017-08-01

    Full Text Available The article is aimed at identifying possibilities for improving theoretical approaches to understanding the contemporary processes in the development of macroeconomic systems and the formation of value of wealth. A conceptual-categorial analysis of the «wealth – potential – development» was carried out using the integrated, complex, system and logical approaches. The article provides improved theoretical approaches to understanding the contemporary processes that are taking place in the world and are linked to the dehumanization of society, when the value of wealth is artificially imposed. The results obtained have a wide potential for practical application, especially in the sphere of production and promotion of goods. Prospect for further research in this direction is an in-depth study on the processes of formation of value, production and consumption of wealth in the current contradictory conditions of transition to post-industrial society.

  14. WEALTH TAX WITHIN EUROPE IN THE CONTEXT OF A POSSIBLE IMPLEMENTATION IN ROMANIA– THE EXISTING WEALTH TAX AND ITS DECLINE IN EUROPE

    Directory of Open Access Journals (Sweden)

    LUMINIŢA RISTEA

    2010-01-01

    Full Text Available The purpose of this paper is to focus our attention on the conceptualbasis upon which the wealth tax system may be implemented in Romania taking intoconsideration former and actual presence of wealth tax within Europe. The idea of increasingthe taxable basis based on imposing the wealth constitutes one of the most important debatetopics on the agenda of the Romanian Parliament and Government and also within specialists’theoretical approaches. The vast range of such approaches and further solutions is to beanalysed in the global context of direct taxation in Europe and worldwide and particularlyrelevant for the complexity of the problem is the evolution of wealth tax during the last decadesand also the very important context of moving corporate main offices in countries with moreadvantageous systems of taxation.

  15. Racial discrimination: how not to do it.

    Science.gov (United States)

    Hochman, Adam

    2013-09-01

    The UNESCO Statements on Race of the early 1950s are understood to have marked a consensus amongst natural scientists and social scientists that 'race' is a social construct. Human biological diversity was shown to be predominantly clinal, or gradual, not discreet, and clustered, as racial naturalism implied. From the seventies social constructionists added that the vast majority of human genetic diversity resides within any given racialised group. While social constructionism about race became the majority consensus view on the topic, social constructionism has always had its critics. Sesardic (2010) has compiled these criticisms into one of the strongest defences of racial naturalism in recent times. In this paper I argue that Sesardic equivocates between two versions of racial naturalism: a weak version and a strong version. As I shall argue, the strong version is not supported by the relevant science. The weak version, on the other hand, does not contrast properly with what social constructionists think about 'race'. By leaning on this weak view Sesardic's racial naturalism intermittently gains an appearance of plausibility, but this view is too weak to revive racial naturalism. As Sesardic demonstrates, there are new arguments for racial naturalism post-Human Genome Diversity Project. The positive message behind my critique is how to be a social constructionist about race in the post-genomic era. Copyright © 2013 Elsevier Ltd. All rights reserved.

  16. The Impact of African American Parents' Racial Discrimination Experiences and Perceived Neighborhood Cohesion on their Racial Socialization Practices.

    Science.gov (United States)

    Saleem, Farzana T; English, Devin; Busby, Danielle R; Lambert, Sharon F; Harrison, Aubrey; Stock, Michelle L; Gibbons, Frederick X

    2016-07-01

    Parental racial socialization is a parenting tool used to prepare African American adolescents for managing racial stressors. While it is known that parents' racial discrimination experiences affect the racial socialization messages they provide, little is known about the influence of factors that promote supportive and communal parenting, such as perceived neighborhood cohesion. In cohesive neighborhoods, neighbors may help parents address racial discrimination by monitoring youth and conveying racial socialization messages; additionally, the effect of neighborhood cohesion on parents' racial socialization may differ for boys and girls because parents socialize adolescents about race differently based on expected encounters with racial discrimination. Therefore, the current study examines how parents' perception of neighborhood cohesion and adolescents' gender moderate associations between parents' racial discrimination experiences and the racial socialization messages they deliver to their adolescents. Participants were a community sample of 608 African American adolescents (54 % girls; mean age = 15.5) and their primary caregivers (86 % biological mothers; mean age = 42.0). Structural equation modeling indicated that parental racial discrimination was associated with more promotion of mistrust messages for boys and girls in communities with low neighborhood cohesion. In addition, parental racial discrimination was associated with more cultural socialization messages about racial pride and history for boys in neighborhoods with low neighborhood cohesion. The findings suggest that parents' racial socialization messages are influenced by their own racial discrimination experiences and the cohesiveness of the neighborhood; furthermore, the content of parental messages delivered varies based on adolescents' gender.

  17. The Impact of African American Parents’ Racial Discrimination Experiences and Perceived Neighborhood Cohesion on their Racial Socialization Practices

    Science.gov (United States)

    English, Devin; Busby, Danielle R.; Lambert, Sharon F.; Harrison, Aubrey; Stock, Michelle L.; Gibbons, Frederick X.

    2016-01-01

    Parental racial socialization is a parenting tool used to prepare African American adolescents for managing racial stressors. While it is known that parents’ racial discrimination experiences affect the racial socialization messages they provide, little is known about the influence of factors that promote supportive and communal parenting, such as perceived neighborhood cohesion. In cohesive neighborhoods, neighbors may help parents address racial discrimination by monitoring youth and conveying racial socialization messages; additionally, the effect of neighborhood cohesion on parents’ racial socialization may differ for boys and girls because parents socialize adolescents about race differently based on expected encounters with racial discrimination. Therefore, the current study examines how parents’ perception of neighborhood cohesion and adolescents’ gender moderate associations between parents’ racial discrimination experiences and the racial socialization messages they deliver to their adolescents. Participants were a community sample of 608 African American adolescents (54 % girls; mean age = 15.5) and their primary caregivers (86 % biological mothers; mean age = 42.0). Structural equation modeling indicated that parental racial discrimination was associated with more promotion of mistrust messages for boys and girls in communities with low neighborhood cohesion. In addition, parental racial discrimination was associated with more cultural socialization messages about racial pride and history for boys in neighborhoods with low neighborhood cohesion. The findings suggest that parents’ racial socialization messages are influenced by their own racial discrimination experiences and the cohesiveness of the neighborhood; furthermore, the content of parental messages delivered varies based on adolescents’ gender. PMID:27189721

  18. Unequal Gain of Equal Resources across Racial Groups

    Directory of Open Access Journals (Sweden)

    Shervin Assari

    2018-01-01

    Full Text Available The health effects of economic resources (eg, education, employment, and living place and psychological assets (eg, self-efficacy, perceived control over life, anger control, and emotions are well-known. This article summarizes the results of a growing body of evidence documenting Blacks’ diminished return, defined as a systematically smaller health gain from economic resources and psychological assets for Blacks in comparison to Whites. Due to structural barriers that Blacks face in their daily lives, the very same resources and assets generate smaller health gain for Blacks compared to Whites. Even in the presence of equal access to resources and assets, such unequal health gain constantly generates a racial health gap between Blacks and Whites in the United States. In this paper, a number of public policies are recommended based on these findings. First and foremost, public policies should not merely focus on equalizing access to resources and assets, but also reduce the societal and structural barriers that hinder Blacks. Policy solutions should aim to reduce various manifestations of structural racism including but not limited to differential pay, residential segregation, lower quality of education, and crime in Black and urban communities. As income was not found to follow the same pattern demonstrated for other resources and assets (ie, income generated similar decline in risk of mortality for Whites and Blacks, policies that enforce equal income and increase minimum wage for marginalized populations are essential. Improving quality of education of youth and employability of young adults will enable Blacks to compete for high paying jobs. Policies that reduce racism and discrimination in the labor market are also needed. Without such policies, it will be very difficult, if not impossible, to eliminate the sustained racial health gap in the United States.

  19. An association between neighbourhood wealth inequality and HIV prevalence in sub-Saharan Africa.

    Science.gov (United States)

    Brodish, Paul Henry

    2015-05-01

    This paper investigates whether community-level wealth inequality predicts HIV serostatus using DHS household survey and HIV biomarker data for men and women ages 15-59 pooled from six sub-Saharan African countries with HIV prevalence rates exceeding 5%. The analysis relates the binary dependent variable HIV-positive serostatus and two weighted aggregate predictors generated from the DHS Wealth Index: the Gini coefficient, and the ratio of the wealth of households in the top 20% wealth quintile to that of those in the bottom 20%. In separate multilevel logistic regression models, wealth inequality is used to predict HIV prevalence within each statistical enumeration area, controlling for known individual-level demographic predictors of HIV serostatus. Potential individual-level sexual behaviour mediating variables are added to assess attenuation, and ordered logit models investigate whether the effect is mediated through extramarital sexual partnerships. Both the cluster-level wealth Gini coefficient and wealth ratio significantly predict positive HIV serostatus: a 1 point increase in the cluster-level Gini coefficient and in the cluster-level wealth ratio is associated with a 2.35 and 1.3 times increased likelihood of being HIV positive, respectively, controlling for individual-level demographic predictors, and associations are stronger in models including only males. Adding sexual behaviour variables attenuates the effects of both inequality measures. Reporting eleven plus lifetime sexual partners increases the odds of being HIV positive over five-fold. The likelihood of having more extramarital partners is significantly higher in clusters with greater wealth inequality measured by the wealth ratio. Disaggregating logit models by sex indicates important risk behaviour differences. Household wealth inequality within DHS clusters predicts HIV serostatus, and the relationship is partially mediated by more extramarital partners. These results emphasize the importance

  20. Modeling Racial Differences in the Effects of Racial Representation on 2-Year College Student Success

    Science.gov (United States)

    Museus, Samuel D.; Jayakumar, Uma M.; Robinson, Thomas

    2012-01-01

    The failure of many 2-year college students to persist and complete a post-secondary credential or degree remains a problem of paramount importance to higher education policymakers and practitioners. While racial representation--or the extent to which a student's racial group is represented on their respective campus--might be one factor that…

  1. When are Racial Disparities in Education the Result of Racial Discrimination? A Social Science Perspective.

    Science.gov (United States)

    Mickelson, Roslyn Arlin

    2003-01-01

    Synthesizes the social science research on racially correlated disparities in education, focusing on biological determinism (behavioral genetics); social structure (e.g., reproduction theory and resistance theory); school organization and opportunities to learn (e.g., resources, racial composition, and tracking); family background (financial,…

  2. The Racial Stress of Membership: Development of the Faculty Inventory of Racialized Experiences in Schools

    Science.gov (United States)

    Coleman, Sherry; Stevenson, Howard C.

    2013-01-01

    Research on the experience of faculty of color in predominately White independent schools (PWIS) is limited. This study explored faculty of varying racial backgrounds and their initiation of, interactions with, and stress reactions to racial conflicts within the school settings using an online survey. Several measures were developed according to…

  3. Wealth Inequality and Mental Disability Among the Chinese Population: A Population Based Study

    Science.gov (United States)

    Wang, Zhenjie; Du, Wei; Pang, Lihua; Zhang, Lei; Chen, Gong; Zheng, Xiaoying

    2015-01-01

    In the study described herein, we investigated and explored the association between wealth inequality and the risk of mental disability in the Chinese population. We used nationally represented, population-based data from the second China National Sample Survey on Disability, conducted in 2006. A total of 1,724,398 study subjects between the ages of 15 and 64, including 10,095 subjects with mental disability only, were used for the analysis. Wealth status was estimated by a wealth index that was derived from a principal component analysis of 10 household assets and four other variables related to wealth. Logistic regression analysis was used to estimate the odds ratio (OR) and 95% confidence interval (CI) for mental disability for each category, with the lowest quintile category as the referent. Confounding variables under consideration were age, gender, residence area, marital status, ethnicity, education, current employment status, household size, house type, homeownership and living arrangement. The distribution of various types and severities of mental disability differed significantly by wealth index category in the present population. Wealth index category had a positive association with mild mental disability (p for trend wealth index category had a significant, inverse association with mental disability when all severities of mental disability were taken into consideration. This study’s results suggest that wealth is a significant factor in the distribution of mental disability and it might have different influences on various types and severities of mental disability. PMID:26492258

  4. Grand Advantage: Family Wealth and Grandchildren’s Educational Achievement in Sweden

    Science.gov (United States)

    Hällsten, Martin; Pfeffer, Fabian T.

    2017-01-01

    We study the role of family wealth for children’s educational achievement using novel and unique Swedish register data. In particular, we focus on the relationship between grandparents’ wealth and their grandchildren’s educational achievement. Doing so allows us to reliably establish the independent role of wealth in contributing to long-term inequalities in opportunity. We use regression models with rich controls to account for observed socioeconomic characteristics of families, cousin fixed effects to net out potentially unobserved grandparental effects, and marginal structural models to account for endogenous selection. We find substantial associations between grandparents’ wealth and their grandchildren’s grade point averages (GPA) in the 9th grade that are only partly mediated by the socioeconomic characteristics and wealth of parents. Our findings indicate that family wealth inequality – even in a comparatively egalitarian context like Sweden – has profound consequences for the distribution of opportunity across multiple generations. We posit that our estimates of the long-term consequences of wealth inequality may be conservative for nations other than Sweden, like the United States, where family wealth – in addition to its insurance and normative functions – allows the direct purchase of educational quality and access. PMID:29200464

  5. New composite distributions for modeling industrial income and wealth per employee

    Science.gov (United States)

    Wiegand, Martin; Nadarajah, Saralees

    2018-02-01

    Forbes Magazine offers an annual list of the 2000 largest publicly traded companies, shedding light on four different measurements: Sales, profits, market value and assets held. Soriano-Hernández et al. (2017) modeled these wealth metrics using composite distributions made up of two parts. In this note, we introduce different composite distributions to more accurately describe the spread of these wealth metrics.

  6. Household wealth inequality, entrepreneurs’ financial constraints, and the great recession: evidence from the Kauffman Firm Survey

    NARCIS (Netherlands)

    Braggion, F. (Fabio); Dwarkasing, M. (Mintra); S. Ongena (Steven)

    2017-01-01

    textabstractWe empirically test if household wealth inequality affects borrowing constraints of young entrepreneurs. We construct a measure of wealth inequality at the US county level based on the distribution of financial rents in 2004. We find that in more unequal areas, entrepreneurs are less

  7. Transforming wealth: using the inverse hyperbolic sine (IHS) and splines to predict youth's math achievement.

    Science.gov (United States)

    Friedline, Terri; Masa, Rainier D; Chowa, Gina A N

    2015-01-01

    The natural log and categorical transformations commonly applied to wealth for meeting the statistical assumptions of research may not always be appropriate for adjusting for skewness given wealth's unique properties. Finding and applying appropriate transformations is becoming increasingly important as researchers consider wealth as a predictor of well-being. We present an alternative transformation-the inverse hyperbolic sine (IHS)-for simultaneously dealing with skewness and accounting for wealth's unique properties. Using the relationship between household wealth and youth's math achievement as an example, we apply the IHS transformation to wealth data from US and Ghanaian households. We also explore non-linearity and accumulation thresholds by combining IHS transformed wealth with splines. IHS transformed wealth relates to youth's math achievement similarly when compared to categorical and natural log transformations, indicating that it is a viable alternative to other transformations commonly used in research. Non-linear relationships and accumulation thresholds emerge that predict youth's math achievement when splines are incorporated. In US households, accumulating debt relates to decreases in math achievement whereas accumulating assets relates to increases in math achievement. In Ghanaian households, accumulating assets between the 25th and 50th percentiles relates to increases in youth's math achievement. Copyright © 2014 Elsevier Inc. All rights reserved.

  8. Conditional Wealth Neutrality as a School Finance Equity Criterion in Illinois.

    Science.gov (United States)

    Schmink, David P.; And Others

    This study looks at the relationship between district wealth and revenues available for education in Illinois using a "conditional" conception of wealth neutrality that holds constant the operational tax rate. Data used were demographic data of Illinois school districts. An analysis of beta weights suggested an undesirable relationship…

  9. The Differential Impact of Wealth versus Income in the College-Going Process

    Science.gov (United States)

    Jez, Su Jin

    2014-01-01

    College is increasingly essential for economic and social mobility. Current research and public policy devotes significant attention to race, income, and socioeconomic factors in college access. Yet, wealth's role, as differentiated from income, is largely unexplored. This paper examines the differences between wealth and income in the…

  10. Long-term effects of wealth on mortality and self-rated health status.

    Science.gov (United States)

    Hajat, Anjum; Kaufman, Jay S; Rose, Kathryn M; Siddiqi, Arjumand; Thomas, James C

    2011-01-15

    Epidemiologic studies seldom include wealth as a component of socioeconomic status. The authors investigated the associations between wealth and 2 broad outcome measures: mortality and self-rated general health status. Data from the longitudinal Panel Study of Income Dynamics, collected in a US population between 1984 and 2005, were used to fit marginal structural models and to estimate relative and absolute measures of effect. Wealth was specified as a 6-category variable: those with ≤0 wealth and quintiles of positive wealth. There were a 16%-44% higher risk and 6-18 excess cases of poor/fair health (per 1,000 persons) among the less wealthy relative to the wealthiest quintile. Less wealthy men, women, and whites had higher risk of poor/fair health relative to their wealthy counterparts. The overall wealth-mortality association revealed a 62% increased risk and 4 excess deaths (per 1,000 persons) among the least wealthy. Less wealthy women had between a 24% and a 90% higher risk of death, and the least wealthy men had 6 excess deaths compared with the wealthiest quintile. Overall, there was a strong inverse association between wealth and poor health status and between wealth and mortality.

  11. The relation between wealth and health: Evidence from a world panel of countries

    DEFF Research Database (Denmark)

    Worm Hansen, Casper

    2012-01-01

    Based on a world sample of countries, this paper presents panel data evidence that documents a U-shaped relation between GDP per capita (wealth) and life expectancy (health). The evidence also shows that excluding the possibility of a nonmonotonic relationship induces erroneous conclusions about...... the time-varying wealth-health correlation. (C) 2011 Elsevier B.V. All rights reserved....

  12. Health and Wealth of Elderly Couples : Causality Tests Using Dynamic Panel Data Models

    NARCIS (Netherlands)

    Michaud, P.C.; van Soest, A.H.O.

    2004-01-01

    A positive relationship between socio-economic status (SES) and health, the so-called \\health-wealth gradient", is repeatedly found in most industrialized countries with similar levels of health care technology and economic welfare. This study analyzes causality from health to wealth (health

  13. Modeling the Origin and Possible Control of the Wealth Inequality Surge.

    Science.gov (United States)

    Berman, Yonatan; Shapira, Yoash; Ben-Jacob, Eshel

    2015-01-01

    The rapid increase of wealth inequality in the past few decades is a most disturbing social and economic issue of our time. In order to control, and even reverse that surge, its origin and underlying mechanisms should be revealed. One of the challenges in studying these mechanisms is to incorporate realistic individual dynamics in the population level in a self-consistent manner. Our theoretical approach meets the challenge by using interacting multi-agent master-equations to model the dynamics of wealth inequality. The model is solved using stochastic multi-agent iterated maps. Taking into account growth rate, return on capital, private savings and economic mobility, we were able to capture the historical dynamics of wealth inequality in the United States during the course of the 20th century. We show that the fraction of capital income in the national income and the fraction of private savings are the critical factors that govern the wealth inequality dynamics. In addition, we found that economic mobility plays a crucial role in wealth accumulation. Notably, we found that the major decrease in private savings since the 1980s could be associated primarily with the recent surge in wealth inequality and if nothing changes in this respect we predict further increase in wealth inequality in the future. However, the 2007-08 financial crisis brought an opportunity to restrain the wealth inequality surge by increasing private savings. If this trend continues, it may lead to prevention, and even reversing, of the ongoing inequality surge.

  14. Social security wealth and aggregate consumption : An extended life-cycle model estimated for The Netherlands

    NARCIS (Netherlands)

    Zant, W.

    In this paper a method is developed to calculate a wealth variable accounting for the existence of the basic old-age provisions in The Netherlands (AOW). In line with Feldstein's extended life-cycle model, consumption functions with (gross) social security wealth are estimated for The Netherlands

  15. The effects of perceived phenotypic racial stereotypicality and social identity threat on racial minorities' attitudes about police.

    Science.gov (United States)

    Kahn, Kimberly Barsamian; Lee, J Katherine; Renauer, Brian; Henning, Kris R; Stewart, Greg

    2017-01-01

    This study examines the role of perceived phenotypic racial stereotypicality and race-based social identity threat on racial minorities' trust and cooperation with police. We hypothesize that in police interactions, racial minorities' phenotypic racial stereotypicality may increase race-based social identity threat, which will lead to distrust and decreased participation with police. Racial minorities (Blacks, Latinos, Native Americans, and multi-racials) and Whites from a representative random sample of city residents were surveyed about policing attitudes. A serial multiple mediation model confirmed that racial minorities' self-rated phenotypic racial stereotypicality indirectly affected future cooperation through social identity threat and trust. Due to the lack of negative group stereotypes in policing, the model did not hold for Whites. This study provides evidence that phenotypic stereotypicality influences racial minorities' psychological experiences interacting with police.

  16. Potential wealth creation via nuclear energy in Malaysia

    International Nuclear Information System (INIS)

    Sabar Md Hashim; Dol Malek Md Sap

    2009-01-01

    Like any other developing nation, Malaysia aspires to be an economic force to be reckoned with. A strong opportunity may be in the form of nuclear energy as can be seen from the success stories of France and South Korea. Although nuclear is not the only common parameter that make developed nations tick, the multiplier spin-off impacts of nuclear as sources of wealth creation are deliberated. Foreseeable benefits include job creation (especially highly-skilled knowledge workers), spin-off technologies and vendor development as well as the opportunity to assume regional leadership in carefully-selected sectors. Categorically in Malaysian context, introduction of nuclear energy would yield numerous benefits, i.e. as a strong catalyst to enhance country's competitiveness by raising capacity for knowledge, cutting-edge technology, and eventually, innovation (National Mission Thrust 2) beside ensuring stable electricity generation price; as an element to move up value chain by creating high-skilled knowledge workers who could help to raise country's economic profile and plant the seed for a strong post-2020 Malaysia (National Mission Thrust 1); and as an agent to enhance sustainability and quality of life through clean energy (National Mission Thrust 4) by being environmentally benign due to its low greenhouse gas emissions with very minimal impact to global warming. Our point us that, being synergistic with national aspiration, nuclear energy is a genuine national agenda. (Author)

  17. Energy and the Wealth of Nations Understanding the Biophysical Economy

    CERN Document Server

    Hall, Charles A S

    2012-01-01

    For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers.  In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again.  In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics.  As we enter the second half of the age of oil, and as energy supplies and the environmental impacts of energy production and consumption become major issues on the world stage, this exemption appears illusory at best. In Energy and the Wealth of Nations, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the we...

  18. Life skills, wealth, health, and wellbeing in later life.

    Science.gov (United States)

    Steptoe, Andrew; Wardle, Jane

    2017-04-25

    Life skills play a key role in promoting educational and occupational success in early life, but their relevance at older ages is uncertain. Here we measured five life skills-conscientiousness, emotional stability, determination, control, and optimism-in 8,119 men and women aged 52 and older (mean 66.7 y). We show that the number of skills is associated with wealth, income, subjective wellbeing, less depression, low social isolation and loneliness, more close relationships, better self-rated health, fewer chronic diseases and impaired activities of daily living, faster walking speed, and favorable objective biomarkers (concentration of high-density lipoprotein cholesterol, vitamin D and C-reactive protein, and less central obesity). Life skills also predicted sustained psychological wellbeing, less loneliness, and a lower incidence of new chronic disease and physical impairment over a 4-y period. These analyses took account of age, sex, parental socioeconomic background, education, and cognitive function. No single life skill was responsible for the associations we observed, nor were they driven by factors such as socioeconomic status or health. Despite the vicissitudes of later life, life skills impact a range of outcomes, and the maintenance of these attributes may benefit the older population.

  19. American's desire for less wealth inequality does not depend on how you ask them

    Directory of Open Access Journals (Sweden)

    Michael I. Norton

    2013-05-01

    Full Text Available A large body of survey research offers evidence that citizens are not always fully aware of the economic and political realities in their respective countries. Norton and Ariely (2011 extended this research to the domain of wealth inequality, showing that Americans were surprisingly unaware of the shape of the wealth distribution in America. Using an alternative methodology, Eriksson and Simpson (2012 found that asking Americans to estimate the average wealth of quintiles, rather than the percent of wealth owned by each quintile, led to relatively more accurate estimates. We note, however, that the Eriksson and Simpson (2012 results do not challenge Norton and Ariely's (2011 conclusion that Americans desire a much more equal distribution of wealth.

  20. Relationship between empowerment and wealth: trends and predictors in Kenya between 2003 and 2008-2009.

    Science.gov (United States)

    Voronca, Delia; Walker, Rebekah J; Egede, Leonard E

    2018-06-01

    This study aimed to examine the association between women's empowerment and wealth over time in Kenya. Kenya Demographic and Health Surveys (DHS) for 2003 and 2008-2009 were used. Eligible women and men were either married or living with a partner. Two scales were used for empowerment: female participation in decision-making, and attitudes toward domestic violence against female partners. Hierarchical linear models were used based on theoretical blocks of covariates. In a sample of 9847 women and 3207 men, results showed empowerment increased over time. After adjustment, female partners' reporting greater empowerment on either scale remained significantly associated with increased wealth, (urban: β = 0.04, p value wealth in rural regions (β = 0.04, p value wealth in urban regions (β = - 0.08, p value wealth. The association varies by gender of respondent and rural/urban residence.

  1. Who Owns the Wealth in Tax Havens? Macro Evidence and Implications for Global Inequality

    DEFF Research Database (Denmark)

    Alstadsæter, Annette; Johannesen, Niels; Zucman, Gabriel

    2017-01-01

    , accounting for it increases the top 0.01% wealth share substantially in Europe, even in countries that do not use tax havens extensively. It has considerable effects in Russia, where the vast majority of wealth at the top is held offshore. These results highlight the importance of looking beyond tax......Drawing on newly published macroeconomic statistics, this paper estimates the amount of household wealth owned by each country in offshore tax havens. The equivalent of 10% of world GDP is held in tax havens globally, but this average masks a great deal of heterogeneity—from a few percent of GDP...... in Scandinavia, to about 15% in Continental Europe, and 60% in Gulf countries and some Latin American economies. We use these estimates to construct revised series of top wealth shares in ten countries, which account for close to half of world GDP. Because offshore wealth is very concentrated at the top...

  2. Strategies for managing impressions of racial identity in the workplace.

    Science.gov (United States)

    Roberts, Laura Morgan; Cha, Sandra E; Kim, Sung Soo

    2014-10-01

    This article deepens understanding of the workplace experiences of racial minorities by investigating racial identity-based impression management (RIM) by Asian American journalists. Racial centrality, directly or indirectly, predicted the use of 4 RIM strategies (avoidance, enhancement, affiliation, and racial humor). Professional centrality also predicted strategy use, which was related to life satisfaction and perceived career success. By shedding light on proactive strategies that individuals use to influence colleagues' impressions of their racial identity, we contribute to research on diversity in organizations, impression management, and racial identity. (PsycINFO Database Record (c) 2014 APA, all rights reserved).

  3. Health and wealth in Uzbekistan and sub-Saharan Africa in comparative perspective.

    Science.gov (United States)

    Hohmann, Sophie; Garenne, Michel

    2010-12-01

    The study investigates the magnitude of differences in child and adult mortality by wealth in Uzbekistan, a former soviet country of Central Asia, and compares it with similar indicators from sub-Saharan Africa. Data were derived from Demographic and Health Surveys. An "Absolute Wealth Index" was built from data on goods owned by households and quality of housing, and scaled from 0 to 12. Wealth was distributed evenly in Uzbekistan, with a symmetric distribution around a mean of 5.5 modern goods. In sub-Saharan Africa, on the contrary, the wealth distribution had a lower mean (2.5) and was highly skewed towards the left, revealing a high proportion of very poor people. Adult and child mortality levels were lower in Uzbekistan. Despite these major differences, the relationships between mortality indicators and the wealth index were similar in the two cases. The magnitude of mortality differentials by wealth was of the same order in both cases, with gradients ranging from 2.5 to 1 for child mortality and 1.5 to 1 for adult mortality (poorest versus richest). However, mortality levels remained lower in Uzbekistan than in sub-Saharan Africa at the same level of wealth for both children and adults. A similar relationship was found between nutritional status and wealth index in both cases. On the contrary, there were no differences by wealth in use of health services and level of education in Uzbekistan, whereas wealth gradients were steep for the same variables in sub-Saharan Africa. The study suggests that mortality differentials were primarily due to nutritional status, and not to access and use of health services or to education. The discussion focuses on health and social policies during the colonial and post-colonial period that have produced these patterns. Copyright © 2010 Elsevier B.V. All rights reserved.

  4. Racial/Ethnic Workplace Discrimination

    Science.gov (United States)

    Chavez, Laura J.; Ornelas, India J.; Lyles, Courtney R.; Williams, Emily C.

    2014-01-01

    Background Experiences of discrimination are associated with tobacco and alcohol use, and work is a common setting where individuals experience racial/ethnic discrimination. Few studies have evaluated the association between workplace discrimination and these behaviors, and none have described associations across race/ethnicity. Purpose To examine the association between workplace discrimination and tobacco and alcohol use in a large, multistate sample of U.S. adult respondents to the Behavioral Risk Factor Surveillance System survey Reactions to Race Module (2004–2010). Methods Multivariable logistic regression analyses evaluated cross-sectional associations between self-reported workplace discrimination and tobacco (current and daily smoking) and alcohol use (any and heavy use, and binge drinking) among all participants and stratified by race/ethnicity, adjusting for relevant covariates. Data were analyzed in 2013. Results Among respondents, 70,080 completed the workplace discrimination measure. Discrimination was more common among black non-Hispanic (21%), Hispanic (12%), and other race respondents (11%) than white non-Hispanics (4%) (pdiscrimination was associated with current smoking (risk ratio [RR]=1.32, 95% CI=1.19, 1.47), daily smoking (RR=1.41, 95% CI=1.24, 1.61), and heavy drinking (RR=1.11, 95% CI=1.01, 1.22), but not binge or any drinking. Among Hispanics, workplace discrimination was associated with increased heavy and binge drinking, but not any alcohol use or smoking. Workplace discrimination among black non-Hispanics and white Non-Hispanics was associated with increased current and daily smoking, but not alcohol outcomes. Conclusions Workplace discrimination is common, associated with smoking and alcohol use, and merits further policy attention given the impact of these behaviors on morbidity and mortality. PMID:25441232

  5. Measuring racial microaggression in medical practice.

    Science.gov (United States)

    Almond, Amanda Lee

    2017-08-01

    The purpose of this study was to validate the already existing Racial Microaggression in Counseling Scale (RMCS) when the term 'therapist' was replaced with 'physician', thus constituting the modification as the Racial Microaggression in Medical Practice Scale (RMMPS). Racial microaggressions work at reinforcing inferior social status on a cognitive level. Unlike overt racism, messages behind microaggression are subtler and more every day. A lack of acceptance, respect, and regard emerges from interactions in medical contexts as there are layers of in-group and out-group statuses at play (e.g. physician-patient, Black-White, expert-lay, and Westernized-alternative). The layer focused on in this study was that of race or skin color. A sample of racial minorities in the Northeast (n = 91) was investigated both quantitatively and qualitatively to validate the modification and future use of a RMMPS. The scale was related to the racial incongruence between patient and provider. Qualitative findings support the original concepts and themes used when developing the 10-item measure in a counseling setting. Psychometric findings for the scale also supported its factorial structure using generalizability theory estimates. Future implications of this research relate to health behavior, trustworthiness, and health outcomes of minority patients. Its potential for use among various practitioners, educators, and researchers is also discussed.

  6. The prototype GAPS (pGAPS) experiment

    Energy Technology Data Exchange (ETDEWEB)

    Mognet, S.A.I., E-mail: mognet@astro.ucla.edu [University of California, Los Angeles, CA 90095 (United States); Aramaki, T. [Columbia University, New York, NY 10027 (United States); Bando, N. [Institute of Space and Astronautical Science, Japan Aerospace Exploration Agency (ISAS/JAXA), Sagamihara, Kanagawa 252-5210 (Japan); Boggs, S.E.; Doetinchem, P. von [Space Sciences Laboratory, University of California, Berkeley, CA 94720 (United States); Fuke, H. [Institute of Space and Astronautical Science, Japan Aerospace Exploration Agency (ISAS/JAXA), Sagamihara, Kanagawa 252-5210 (Japan); Gahbauer, F.H.; Hailey, C.J.; Koglin, J.E.; Madden, N. [Columbia University, New York, NY 10027 (United States); Mori, K.; Okazaki, S. [Institute of Space and Astronautical Science, Japan Aerospace Exploration Agency (ISAS/JAXA), Sagamihara, Kanagawa 252-5210 (Japan); Ong, R.A. [University of California, Los Angeles, CA 90095 (United States); Perez, K.M.; Tajiri, G. [Columbia University, New York, NY 10027 (United States); Yoshida, T. [Institute of Space and Astronautical Science, Japan Aerospace Exploration Agency (ISAS/JAXA), Sagamihara, Kanagawa 252-5210 (Japan); Zweerink, J. [University of California, Los Angeles, CA 90095 (United States)

    2014-01-21

    The General Antiparticle Spectrometer (GAPS) experiment is a novel approach for the detection of cosmic ray antiparticles. A prototype GAPS (pGAPS) experiment was successfully flown on a high-altitude balloon in June of 2012. The goals of the pGAPS experiment were: to test the operation of lithium drifted silicon (Si(Li)) detectors at balloon altitudes, to validate the thermal model and cooling concept needed for engineering of a full-size GAPS instrument, and to characterize cosmic ray and X-ray backgrounds. The instrument was launched from the Japan Aerospace Exploration Agency's (JAXA) Taiki Aerospace Research Field in Hokkaido, Japan. The flight lasted a total of 6 h, with over 3 h at float altitude (∼33km). Over one million cosmic ray triggers were recorded and all flight goals were met or exceeded.

  7. The prototype GAPS (pGAPS) experiment

    International Nuclear Information System (INIS)

    Mognet, S.A.I.; Aramaki, T.; Bando, N.; Boggs, S.E.; Doetinchem, P. von; Fuke, H.; Gahbauer, F.H.; Hailey, C.J.; Koglin, J.E.; Madden, N.; Mori, K.; Okazaki, S.; Ong, R.A.; Perez, K.M.; Tajiri, G.; Yoshida, T.; Zweerink, J.

    2014-01-01

    The General Antiparticle Spectrometer (GAPS) experiment is a novel approach for the detection of cosmic ray antiparticles. A prototype GAPS (pGAPS) experiment was successfully flown on a high-altitude balloon in June of 2012. The goals of the pGAPS experiment were: to test the operation of lithium drifted silicon (Si(Li)) detectors at balloon altitudes, to validate the thermal model and cooling concept needed for engineering of a full-size GAPS instrument, and to characterize cosmic ray and X-ray backgrounds. The instrument was launched from the Japan Aerospace Exploration Agency's (JAXA) Taiki Aerospace Research Field in Hokkaido, Japan. The flight lasted a total of 6 h, with over 3 h at float altitude (∼33km). Over one million cosmic ray triggers were recorded and all flight goals were met or exceeded

  8. Weight Misperceptions and Racial and Ethnic Disparities in Adolescent Female Body Mass Index

    Directory of Open Access Journals (Sweden)

    Ramona C. Krauss

    2012-01-01

    Full Text Available This paper investigated weight misperceptions as determinants of racial/ethnic disparities in body mass index (BMI among adolescent females using data from the National Survey of Youth 1997. Compared to their white counterparts, higher proportions of black and Hispanic adolescent females underperceived their weight status; that is, they misperceived themselves to have lower weight status compared to their clinically defined weight status. Compared to their black counterparts, higher proportions of white and Hispanic adolescent females misperceived themselves to be heavier than their clinical weight status. Oaxaca-Blinder decomposition analysis showed that accounting for weight misperceptions, in addition to individual and contextual factors, increased the total explained portion of the black-white female BMI gap from 44.7% to 54.3% but only slightly increased the total explained portion of the Hispanic-white gap from 62.8% to 63.1%. Weight misperceptions explained 13.0% of the black-white female BMI gap and 3.3% of the Hispanic-white female BMI gap. The regression estimates showed that weight underperceptions were important determinants of adolescent female BMI, particularly among black and Hispanic adolescents. Education regarding identification and interpretation of weight status may play an important role to help reduce the incidence and racial disparity of female adolescent obesity.

  9. Immigrants in the one percent: The national origin of top wealth owners.

    Science.gov (United States)

    Keister, Lisa A; Aronson, Brian

    2017-01-01

    Economic inequality in the United States is extreme, but little is known about the national origin of affluent households. Households in the top one percent by total wealth own vastly disproportionate quantities of household assets and have correspondingly high levels of economic, social, and political influence. The overrepresentation of white natives (i.e., those born in the U.S.) among high-wealth households is well-documented, but changing migration dynamics suggest that a growing portion of top households may be immigrants. Because no single survey dataset contains top wealth holders and data about country of origin, this paper uses two publicly-available data sets: the Survey of Consumer Finances (SCF) and the Survey of Income and Program Participation (SIPP). Multiple imputation is used to impute country of birth from the SIPP into the SCF. Descriptive statistics are used to demonstrate reliability of the method, to estimate the prevalence of immigrants among top wealth holders, and to document patterns of asset ownership among affluent immigrants. Significant numbers of top wealth holders who are usually classified as white natives may be immigrants. Many top wealth holders appear to be European and Canadian immigrants, and increasing numbers of top wealth holders are likely from Asia and Latin America as well. Results suggest that of those in the top one percent of wealth holders, approximately 3% are European and Canadian immigrants, .5% are from Mexico or Cuban, and 1.7% are from Asia (especially Hong Kong, Taiwan, Mainland China, and India). Ownership of key assets varies considerably across affluent immigrant groups. Although the percentage of top wealth holders who are immigrants is relatively small, these percentages represent large numbers of households with considerable resources and corresponding social and political influence. Evidence that the propensity to allocate wealth to real and financial assets varies across immigrant groups suggests that

  10. Waste to Wealth: Hidden Treasures in the Oil Palm Industry

    International Nuclear Information System (INIS)

    Loh Soh Kheang; Astimar Abdul Aziz; Ravigadevi Sambathamurthi; Mohd Basri Wahid

    2010-01-01

    The palm oil industry plays an important role in the creation of waste to wealth using the abundant oil palm biomass resources generated from palm oil supply chain i.e. upstream to downstream activities. The oil palm biomass and other palm-derived waste streams available are oil palm trunks (felled), fronds (felled and pruned), shell, mesocarp fibers, empty fruit bunches (EFB), palm oil mill effluent (POME), palm kernel expelled (PKE), palm fatty acid distillates (PFAD), used frying oil (UFO), residual oil from spent bleaching earth (SBE) and glycerol. For 88.5 million tonnes of fresh fruit bunches (FFB) processed in 2008, the amount of oil palm biomass generated was more than 25 million tones (dry weight basis) with the generation of 59 million tonnes of POME from 410 palm oil mills. Oil palm biomass consists of mainly lignocellulose materials that can be potentially and fully utilized for renewable energy, wood-based products and high value-added products such as pytonutrients, phenolics, carotenes and vitamin E. Oil palm biomass can be converted to bio energy with high combustible characteristics such as briquettes, bio-oils, bio-producer gas, boiler fuel, biogas and bio ethanol. Oil palm biomass can also be made into wood-based products such as composite and furniture, pulp and paper and planting medium. The recovery of phenolics from POME as valuable antioxidants has potential drug application. Other possible applications for oil palm biomass include fine chemicals, dietary fibers, animal feed and polymers. There must be a strategic and sustainable resource management to distribute palm oil and palm biomass to maximize the use of the resources so that it can generate revenues, bring benefits to the palm oil industry and meet stringent sustainability requirements in the future. (author)

  11. How Do the Richest 1% Owns 50% of Wealth in a Small-Open Growth Model with Endogenous Wealth and Human Capital

    Directory of Open Access Journals (Sweden)

    Wei-Bin Zhang

    2017-01-01

    Full Text Available This paper extends the growth model for a closed national economy by Zhang (2015 to a small-open economy. We attempt to explain some economic mechanisms of how the richest one per cent of the population own 50% of national wealth. We consider endogenous wealth and human capital accumulation by heterogeneous households with different preferences and learning abilities as the main determinants of growth and inequality. We describe the production technologies and economic structure on the basis of the Uzawa two-sector model. By applying Zhang’s concept of disposable income and approach to household behavior, we describe consumers’ wealth accumulation and consumption behavior. We model human capital accumulation on the basis of Arrow’s learning by doing and Zhang’s creativity with leisure. We simulate the model with three groups of the population, the rich 1 %, the middle 69%, and the poor 20%. We demonstrate the existence of an equilibrium point at which the rich 1% own more than half of the national wealth and the poor 20% less than 10% of the national wealth. We show how the system moves to the equilibrium from an initial state and confirm that the equilibrium point is stable. We also conduct comparative dynamic analysis.

  12. Is racial prejudice declining in Britain?

    Science.gov (United States)

    Ford, Robert

    2008-12-01

    This article employs two previously neglected indicators of racial prejudice from the British Social Attitudes surveys to examine the social distribution of prejudices against black and Asian Britons. Three hypotheses are proposed and tested: that racial prejudice is declining in Britain; that this decline is principally generational in nature; and that greater prejudice is shown towards more culturally distinct Asian minorities than black minorities. Strong evidence is found for the first two hypotheses, with evidence of an overall decline in prejudice and of a sharp decline in prejudices among generations who have grown up since mass black and Asian immigration began in the 1950s. Little evidence is found for the third hypothesis: British reactions towards black and Asian minorities are broadly similar suggesting racial differences may still be the main factor prompting white hostility to British minorities.

  13. Racial Exclusion in the Online World

    Directory of Open Access Journals (Sweden)

    Bhoomi K. Thakore

    2013-05-01

    Full Text Available As the internet has become an integral part of everyday life, it is understood that patterns of racial stereotyping and discrimination found in the offline world are often reproduced online. In our paper, we examine two exclusionary practices in an online environment for adult toy collectors: First, the exclusion of non-white individuals who are expected to form immediate friendships with other non-white members; and second, the essentializing of racial issues when concerns over the lack of racial diversity in the toys are discussed. This dismissal is often directly connected to non-white members’ decisions to no longer participate, resulting in a new form of segregation within virtual space.

  14. Introduction: Racial and Ethnic Conflict and Violence

    Directory of Open Access Journals (Sweden)

    Robert D. Crutchfield

    2009-12-01

    Full Text Available Racial and ethnic violence takes many forms. Genocides, ethnic cleansing, pogroms, civil wars, and violent separatist movements are the most obvious and extreme expressions, but less organized violence such as rioting, and hate crimes by individuals or small groups are products of racial and ethnic conflict as well. Also, the distribution of criminal violence within societies, which may or may not be aimed at members of another group, is in some places a by-product of ongoing conflicts between superior and subordinated racial or ethnic groups. Although estimates of the number of deaths attributable to ethnic violence vary widely, range of eleven to twenty million given for the period between 1945 and the early 1990s show the gravity of this type of conflict (Williams 1994, 50. So it comes as no surprise that scholars have paid increasing attention to such conflicts over the last decades.

  15. Gatekeepers and Homeseekers: Institutional Factors in Racial Steering.

    Science.gov (United States)

    Pearce, Diana M.

    1979-01-01

    This paper explores the problem of segregation due to racial patterns in housing by examining the role of real estate agents, acting as a community of gatekeepers, in the perpetration of racial segregation. (Author/EB)

  16. Examining Post-Racial Ideology in Higher Education

    Science.gov (United States)

    Baber, Lorenzo DuBois

    2015-01-01

    Despite traditional notions of meritocracy, higher education has a long history of exclusionary practices. This chapter explores connections between such practices and racial ideology in the United States, including the recent concept of "post-racialism."

  17. Decomposing Racial Disparities in Obesity Prevalence: Variations in Retail Food Environment.

    Science.gov (United States)

    Singleton, Chelsea R; Affuso, Olivia; Sen, Bisakha

    2016-03-01

    Racial disparities in obesity exist at the individual and community levels. Retail food environment has been hypothesized to be associated with racial disparities in obesity prevalence. This study aimed to quantify how much food environment measures explain racial disparities in obesity at the county level. Data from 2009 to 2010 on 3,135 U.S. counties were extracted from the U.S. Department of Agriculture Food Environment Atlas and the Behavioral Risk Factor Surveillance System and analyzed in 2013. Oaxaca-Blinder decomposition was used to quantify the portion of the gap in adult obesity prevalence observed between counties with a high and low proportion of African-American residents is explained by food environment measures (e.g., proximity to grocery stores, per capita fast-food restaurants). Counties were considered to have a high African-American population if the percentage of African-American residents was >13.1%, which represents the 2010 U.S. Census national estimate of percentage African-American citizens. There were 665 counties (21%) classified as a high African-American county. The total gap in mean adult obesity prevalence between high and low African-American counties was found to be 3.35 percentage points (32.98% vs 29.63%). Retail food environment measures explained 13.81% of the gap in mean age-adjusted adult obesity prevalence. Retail food environment explains a proportion of the gap in adult obesity prevalence observed between counties with a high proportion of African-American residents and counties with a low proportion of African-American residents. Copyright © 2016 American Journal of Preventive Medicine. Published by Elsevier Inc. All rights reserved.

  18. WEALTH EFFECT AND DENTAL CARE UTILIZATION IN THE U.S.

    Science.gov (United States)

    Manski, Richard J.; Moeller, John F.; Chen, Haiyan; Clair, Patricia A. St.; Schimmel, Jody; Pepper, John V.

    2012-01-01

    Objective The purpose of this article is to examine the relationship of wealth and income and the relative impact of each on dental utilization in a population of older Americans, using data from the Health and Retirement Study (HRS). Methods Data from the Health and Retirement Study (HRS) were analyzed for U.S. individuals aged 51 years and older during the 2008 wave of the HRS. The primary focus of the analysis is the relationship between wealth, income and dental utilization. We estimate a multivariable model of dental use controlling for wealth, income and other potentially confounding covariates. Results We find that both wealth and income each have a strong and independent positive effect on dental care use of older Americans [pdental care utilization as wealth increases depends on a person's income level, or, alternatively, that the impact on dental use as income increases depends on a person's household wealth status [p>.05]. Conclusions Relative to those living in the wealthiest U.S. households, the likelihood of utilizing dental care appears to decrease with a decline in wealth. The likelihood of utilizing dental care also appears to decrease with a decline in income as well. PMID:22515635

  19. Wealth Inequality and Mental Disability Among the Chinese Population: A Population Based Study.

    Science.gov (United States)

    Wang, Zhenjie; Du, Wei; Pang, Lihua; Zhang, Lei; Chen, Gong; Zheng, Xiaoying

    2015-10-19

    In the study described herein, we investigated and explored the association between wealth inequality and the risk of mental disability in the Chinese population. We used nationally represented, population-based data from the second China National Sample Survey on Disability, conducted in 2006. A total of 1,724,398 study subjects between the ages of 15 and 64, including 10,095 subjects with mental disability only, were used for the analysis. Wealth status was estimated by a wealth index that was derived from a principal component analysis of 10 household assets and four other variables related to wealth. Logistic regression analysis was used to estimate the odds ratio (OR) and 95% confidence interval (CI) for mental disability for each category, with the lowest quintile category as the referent. Confounding variables under consideration were age, gender, residence area, marital status, ethnicity, education, current employment status, household size, house type, homeownership and living arrangement. The distribution of various types and severities of mental disability differed significantly by wealth index category in the present population. Wealth index category had a positive association with mild mental disability (p for trend disability (p for trend disability when all severities of mental disability were taken into consideration. This study's results suggest that wealth is a significant factor in the distribution of mental disability and it might have different influences on various types and severities of mental disability.

  20. Age differences in the understanding of wealth and power: the mediating role of future time perspective.

    Science.gov (United States)

    Li, Tianyuan; Tsang, Vivian Hiu-Ling

    2016-12-01

    Individuals' understanding of wealth and power largely determines their use of resources. Moreover, the age range of wealth and power holders is increasing in modern societies. Thus, the current study examines how people of different ages understand wealth and power. As varying future time perspective is related to changes in prioritised life goals, it was tested as a potential mediator of the age differences. A total of 133 participants aged 18-78 years were asked 8 open-ended questions regarding their understanding of the possible use and desired use of wealth and power, after which they reported their future time perspective. Compared with possible use, the participants mentioned relatively more prosocial elements when they talked about their desired use of the resources, especially power. The older adults expressed more prosocial understanding in regard to the desired use of wealth and the possible use of power compared to their younger counterparts. The age differences were fully mediated by future time perspective. The results suggest that age is a critical factor that influences individuals' conceptualisation of wealth and power. Life-span developmental stage and future time perspective are important factors to consider for explaining individual differences in the exercise of wealth and power and for promoting their prosocial usage.

  1. Age Moderates the Relationship Between Generativity Concern and Understanding of Wealth.

    Science.gov (United States)

    Li, Tianyuan; Tsang, Vivian Hiu-Ling

    2016-01-01

    Wealth can be considered as resource to promote either public welfare (i.e. through altruistic understanding) or personal well-being (i.e. through egoistic understanding). How people understand wealth can influence the distribution of valuable materialistic resources within a society. The current study examined how generativity concern, the concern for next generation and social welfare in the future, influenced people's understanding of wealth and whether age moderated the relationship. A total of 133 participants ranging from 18 to 78 years old were interviewed with four open-ended questions regarding their understanding of wealth. Their generativity concern and demographical information were also recorded. Findings showed that generativity concern was related to a less egoistic and more altruistic understanding of wealth. Moreover, the effect of generativity concern was especially salient for younger adults, but not significant for older adults. The results suggest that generativity concern is a construct that applies to both young and older adults. It can even be more influential to young adults' cognitive conceptualization in certain aspects (e.g., understanding of wealth) than that of older adults. Future studies can further investigate the general impact of generativity concern as well as the behavioral consequences of people's understanding of wealth. The results were also discussed in the context of lifelong learning.

  2. Fewer Diplomas for Men: The Influence of College Experiences on the Gender Gap in College Graduation

    Science.gov (United States)

    Ewert, Stephanie

    2012-01-01

    Women's advantage in college graduation is evident at all socioeconomic levels and for most racial and ethnic groups. This study examines whether college experiences critical to persistence to graduation, including college major, attendance patterns, social integration, and academic performance, contribute to this gender gap in graduation.…

  3. Inter-Industry Wage Differentials and the Gender Wage Gap: An Identification Problem.

    Science.gov (United States)

    Horrace, William C.; Oaxaca, Ronald L.

    2001-01-01

    States that a method for estimating gender wage gaps by industry yields estimates that vary according to arbitrary choice of omitted reference groups. Suggests alternative methods not susceptible to this problem that can be applied to other contexts, such as racial, union/nonunion, and immigrant/native wage differences. (SK)

  4. Reducing Racial Disparities in Breast Cancer Care: The Role of 'Big Data'.

    Science.gov (United States)

    Reeder-Hayes, Katherine E; Troester, Melissa A; Meyer, Anne-Marie

    2017-10-15

    Advances in a wide array of scientific technologies have brought data of unprecedented volume and complexity into the oncology research space. These novel big data resources are applied across a variety of contexts-from health services research using data from insurance claims, cancer registries, and electronic health records, to deeper and broader genomic characterizations of disease. Several forms of big data show promise for improving our understanding of racial disparities in breast cancer, and for powering more intelligent and far-reaching interventions to close the racial gap in breast cancer survival. In this article we introduce several major types of big data used in breast cancer disparities research, highlight important findings to date, and discuss how big data may transform breast cancer disparities research in ways that lead to meaningful, lifesaving changes in breast cancer screening and treatment. We also discuss key challenges that may hinder progress in using big data for cancer disparities research and quality improvement.

  5. Implicit and Explicit Racial Attitudes Changed During Black Lives Matter

    OpenAIRE

    Sawyer, Jeremy; Gampa, Anup

    2018-01-01

    Lab-based interventions have been ineffective in changing individuals’ implicit racial attitudes for more than brief durations, and exposure to high-status Black exemplars like Obama has proven ineffective in shifting societal-level racial attitudes. Anti-racist social movements, however, offer a potential societal-level alternative for reducing racial bias. Racial attitudes were examined before and during Black Lives Matter (BLM) and its high points of struggle with 1,369,204 participants fr...

  6. Mental Health Following Acquisition of Disability in Adulthood—The Impact of Wealth

    Science.gov (United States)

    Kavanagh, Anne Marie; Aitken, Zoe; Krnjacki, Lauren; LaMontagne, Anthony Daniel; Bentley, Rebecca; Milner, Allison

    2015-01-01

    Background Acquisition of a disability in adulthood has been associated with a reduction in mental health. We tested the hypothesis that low wealth prior to disability acquisition is associated with a greater deterioration in mental health than for people with high wealth. Methods We assess whether level of wealth prior to disability acquisition modifies this association using 12 waves of data (2001–2012) from the Household, Income and Labour Dynamics in Australia survey–a population-based cohort study of working-age Australians. Eligible participants reported at least two consecutive waves of disability preceded by at least two consecutive waves without disability (1977 participants, 13,518 observations). Fixed-effects linear regression was conducted with a product term between wealth prior to disability (in tertiles) and disability acquisition with the mental health component score of the SF–36 as the outcome. Results In models adjusted for time-varying confounders, there was evidence of negative effect measure modification by prior wealth of the association between disability acquisition and mental health (interaction term for lowest wealth tertile: -2.2 points, 95% CI -3.1 points, -1.2, pwealth was associated with a greater decline in mental health following disability acquisition (-3.3 points, 95% CI -4.0, -2.5) than high wealth (-1.1 points, 95% CI -1.7, -0.5). Conclusion The findings suggest that low wealth prior to disability acquisition in adulthood results in a greater deterioration in mental health than among those with high wealth. PMID:26444990

  7. The Neoliberal Racial Project: The Tiger Mother and Governmentality

    Science.gov (United States)

    Rhee, Jeong-eun

    2013-01-01

    Combining the conceptual approach of racial formation and racial projects with the Foucauldian concept of governmentality, Jeong-eun Rhee theorizes the "neoliberal racial project" (NRP) and examines contemporary meanings and operations of race and racism in relation to neoliberalism. She analyzes Amy Chua's popular parenting memoir,…

  8. Addressing Racial Awareness and Color-Blindness in Higher Education

    Science.gov (United States)

    Diggles, Kimberly

    2014-01-01

    Racial awareness is a critical foundation to racial sensitivity, and it is a necessity for future professionals who want to be prepared to succeed in an increasingly diverse society. Several factors have been shown to influence racial awareness in professionals including their own race, their personal experience with racism, and the amount/quality…

  9. Racialized Space: Framing Latino and Latina Experience in Public Schools

    Science.gov (United States)

    Barajas, Heidi Lasley; Ronnkvist, Amy

    2007-01-01

    Background: Educational research shows differences in experience, access, and outcomes across racial groups with some groups advantaged and others disadvantaged. One of the concepts used to explain racial differences, racialization, is a taken-for-granted term that is yet to be fully defined in the context of the school. We differentiate the term…

  10. Contradictions of Identity: Education and the Problem of Racial Absolutism.

    Science.gov (United States)

    McCarthy, Cameron

    1995-01-01

    Critiques tendencies toward dogmatism and essentialism in current educational theories of racial inequality. Argues that different gender, class, and ethnic interests intersect with racial coordination and affiliation, and that to reduce racial antagonism or ameliorate educational inequities educators must consider the powerful role of nuance,…

  11. School Politics and Conflict in Racially Isolated Schools.

    Science.gov (United States)

    Michel, George J.

    1991-01-01

    Compares areas and levels of political conflict in racially isolated school districts by surveying six superintendents from racially isolated African-American schools and six superintendents from racially isolated white schools. Similar issues arise at every conflict level with small variations among issues between African-American and white…

  12. Seeing Race: Teaching Residential Segregation with the Racial Dot Map

    Science.gov (United States)

    Seguin, Charles; Nierobisz, Annette; Kozlowski, Karen Phelan

    2017-01-01

    Students commonly hold erroneous notions of a "post-racial" world and individualistic worldviews that discount the role of structure in social outcomes. Jointly, these two preconceived beliefs can be powerful barriers to effective teaching of racial segregation: Students may be skeptical that racial segregation continues to exist, and…

  13. Racial and Ethnic Backlash in College Peer Culture.

    Science.gov (United States)

    Dalton, Jon C.

    1991-01-01

    Reviews racial bias and racial intolerance among college students during the late 1980s. Asserts that campus bias-related indents are predictable outcomes of increasingly self-interested values and limited personal experience with racial and ethnic diversity. Discusses the need to create more opportunities for contact and interaction among…

  14. Managing racial integration in South African public schools: In ...

    African Journals Online (AJOL)

    The paper explores what racial integration is. Furthermore, it scrutinises how racial integration is currently managed in South African Public schools. The main argument of the paper defends a deliberative conception of managing racial integration in South African public schools. In light of this, there is some form of hope to ...

  15. Exploring How African American Faculty Cope with Classroom Racial Stressors

    Science.gov (United States)

    Pittman, Chavella T.

    2010-01-01

    This study was an examination of how African American faculty discussed their coping with racially stressful classrooms. Despite aims for racial equality in higher education, the classroom has been a significant site of racial stressors for African American facility. Analysis of interviews with 16 (8 women, 8 men) African American faculty at a…

  16. Urbanism and Racial Attitudes: A Test of Some Urban Theories.

    Science.gov (United States)

    Wilson, Thomas C.

    1984-01-01

    National survey data are used to test the relationship between urbanism and racial attitudes among Whites, and a liberalizing effect of urbanism is found. It appears that urbanism liberalizes racial attitudes by increasing equal-status, cooperative, and relatively personal contact between members of racial subcultures. (Author/RDN)

  17. Schools as Racial Spaces: Understanding and Resisting Structural Racism

    Science.gov (United States)

    Blaisdell, Benjamin

    2016-01-01

    Analyzing schools as racial spaces can help researchers examine the role of teachers in the perpetuation of structural racism in schools. Based on ethnographic and autoethnographic work, this article offers examples of schools as racial spaces, spaces where whiteness controlled access. It also highlights four teachers who pursued racial equity in…

  18. The Wealth of Networks in university teaching: “Commons-based peer translation” of The Wealth of Networks

    Directory of Open Access Journals (Sweden)

    Florencio Cabello Fernández-Delgado

    2012-07-01

    Full Text Available Normal.dotm 0 0 1 180 1026 Universidad de Salamanca 8 2 1260 12.0 0 false 18 pt 18 pt 0 0 false false false /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} Cooperative work is one of the most significant competencies in recent University reforms, and is achieving a gradual introduction in university classrooms (may their walls be physical or virtual. This results from extensive psychological and pedagogical research, together with more recent studies on educational uses of Information and Communication Technologies (ICTs. Nevertheless, the current development of cooperative learning in higher education entails a reflection of the ever-growing prominence of cooperation in academic research as well as in everyday life in our networked environment. The translation project of Yochai Benkler's The Wealth of Networks presented here sits at the ambivalent intersection between these two trends in order to explore the influx of that “wealth of networks” into higher education, bringing together both educational and social production dimensions. In this sense, the main goal of this exposition is to contribute to the debate on teaching/learning processes that, both through methodology and content, enable to link consistently teaching and research work with successful patterns of social cooperation inspired by the free software movement and the fruitful claim for a communication

  19. Determinants of racial discrimination in the labor market in Ecuador, 2010-2012

    Directory of Open Access Journals (Sweden)

    Héctor Alberto Botello Peñaloza

    2015-11-01

    Full Text Available Introduction: This article aims to quantify racial discrimination in the labor market in Ecuador between 2010 and 2012. Methodology: Information is collected from quarterly household surveys on employment prepared by the National Institute of Statistics and Census of Ecuador, from which Mincer equations are estimated for labor income per hour. Subsequently, the Oaxaca-Blinder decomposition with Heckman correction is used to determine wage gaps attributable to observable and unobservable factors regarding two ethnic groups: mestizos and whites. Results: The wage gap is significant and positive for white people, and it increases during the period of analysis. 40 % of this difference is due to higher provisions in human capital. However, about 42 % of the gap remains unexplained.

  20. Behind the Pay Gap

    Science.gov (United States)

    Dey, Judy Goldberg; Hill, Catherine

    2007-01-01

    Women have made remarkable gains in education during the past three decades, yet these achievements have resulted in only modest improvements in pay equity. The gender pay gap has become a fixture of the U.S. workplace and is so ubiquitous that many simply view it as normal. "Behind the Pay Gap" examines the gender pay gap for college graduates.…

  1. Lloyd Roberts memorial lecture. Science, culture and wealth.

    Science.gov (United States)

    Noble, D

    1. This lecture defends the view that science, culture and wealth are linked and that, in the long run, the only way to maintain the spirit of excited intellectual enquiry leading to novel exploitable ideas is to attract the young by creating and maintaining a culture in which they respond to the intellectual challenge. 2. The pursuit of science is not independent of the culture in which it develops, nor is it a neutral activity. The objectivity of science neither requires nor entails its neutrality. 3. A comparison between American and British attitudes reveals a major cultural difference that leads otherwise similar political authorities to totally opposed views on the role of public funding of science. 4. The roots of this difference run deep in our culture and have a long history, stretching back at least to the early 19th century and Babbage's Decline of Science campaign. This seems to be a feature of the culture of the governing classes in Britain, at least in modern Britain. The general public perception (revealed by a recent opinion poll) is that more than 80% think that our national prosperity depends on science and technology and that it is important for Britain to be a leading nation in science. 5. The immediate cause of the present political malaise with regard to science funding is the perceived lack of correlation between science expenditure and industrial success in the 1960s. In fact, though, at the micro-economic level, there is a strong correlation between research investment and industrial competitiveness. Those industries that have invested have also succeeded. The general problem lies with a failure of major parts of industry to invest in research rather than in any major weakness or lack of exploitability in British science. 6. It will not solve that problem (which to compare with our main competitors requires an increased civil Research and Development expenditure of 3 pounds billion/annum by British government and industry combined) to try

  2. "We Were Not Part of Apartheid": Rationalisations Used by Four White Pre-Service Teachers to Make Sense of Race and Their Own Racial Identities

    Science.gov (United States)

    le Roux, Adré

    2014-01-01

    Despite fundamental reforms to South African education, large performance gaps still prevail between former black schools and former white schools. Nineteen years into a democracy and education in post-apartheid South Africa still retains a strong racial dimension between poorer communities and more affluent communities. Differential access to…

  3. Racial Discrimination, Ethnic-Racial Socialization, and Crime: A Micro-Sociological Model of Risk and Resilience

    Science.gov (United States)

    Burt, Callie Harbin; Simons, Ronald L.; Gibbons, Frederick X.

    2012-01-01

    Dominant theoretical explanations of racial disparities in criminal offending overlook a key risk factor associated with race: interpersonal racial discrimination. Building on recent studies that analyze race and crime at the micro-level, we specify a social psychological model linking personal experiences with racial discrimination to an…

  4. The Significance of Post-Racial Ideology, Black Political Struggle, and Racial Literacy for Brazilian Anti-Racist Education Policy

    Science.gov (United States)

    Da Costa, Alexandre Emboaba

    2016-01-01

    This paper furthers current analysis of anti-racist, critical multicultural, and decolonial educational reforms in Brazil through a focus on the significant role played by post-racial ideology, black politics, and racial literacy in policy design and implementation. The paper first details the ways in which post-racial commonsense and anti-black…

  5. Racial Microaggressions and School Psychology Students: Who Gets Targeted and How Intern Supervisors Can Facilitate Racial Justice

    Science.gov (United States)

    Proctor, Sherrie L.; Kyle, Jennifer; Lau, Cindy; Fefer, Keren; Fischetti, Jessica

    2016-01-01

    The purpose of this study was to investigate ethnically and racially diverse school psychology students' experiences with racial microaggressions in school psychology graduate training. Through a national survey of ethnically and racially diverse school psychology students (N = 228), the study examined if level of graduate training (i.e., interns…

  6. Knowing about Racial Stereotypes versus Believing Them

    Science.gov (United States)

    Nasir, Na'ilah Suad; McKinney de Royston, Maxine; O'Connor, Kathleen; Wischnia, Sarah

    2017-01-01

    Despite post-racial rhetoric, stereotypes remain salient for American youth. We surveyed 150 elementary and middle schoolers in Northern California and conducted case studies of 12 students. Findings showed that (a) students hold school-related stereotypes that get stronger in middle school, (b) African American and Latino students experience…

  7. Racial and Ethnic Stereotypes and Bullying Victimization

    Science.gov (United States)

    Peguero, Anthony A.; Williams, Lisa M.

    2013-01-01

    Bullying is a serious problem within the U.S. school system. Prior research suggests that victimization is stratified by race and ethnicity. However, few studies consider factors that may moderate this relationship. This article extends research on this topic by considering whether stereotypes moderate bullying among racial and ethnic youth. Youth…

  8. Making Commitments to Racial Justice Actionable

    Science.gov (United States)

    Diab, Rasha; Ferrel, Thomas; Godbee, Beth; Simpkins, Neil

    2013-01-01

    In this article, we articulate a framework for making our commitments to racial justice actionable, a framework that moves from narrating confessional accounts to articulating our commitments and then acting on them through both self-work and work-with-others, a dialectic possibility we identify and explore. We model a method for moving beyond…

  9. Racial targeting of sexual violence in Darfur.

    Science.gov (United States)

    Hagan, John; Rymond-Richmond, Wenona; Palloni, Alberto

    2009-08-01

    We used the Atrocities Documentation Survey to determine whether Sudanese government forces were involved in racially targeting sexual victimization toward ethnically African women in the Darfur region of western Sudan. The US State Department conducted the survey by interviewing a randomized multistage probability sample of 1136 Darfur refugees at 20 sites in Chad in 2004. For a subset of 932 respondents who had fled from village clusters that accounted for 15 or more respondents per cluster, we used hierarchical linear models to analyze village-level patterns of reported sexual violence. We statistically controlled for individual sexual victimization to remove bias. Respondents reported being subjected to racial epithets associated with sexual victimization significantly more often during combined attacks by Sudanese government forces and Janjaweed militia forces than during separate attacks by either force. Combined attacks by Sudanese government forces and Janjaweed militia forces led to racial epithets being used more often during sexual victimization in Darfur. Our results suggest that the Sudanese government is participating in the use of sexual assault as a racially targeted weapon against ethnically African civilians.

  10. Group Norms, Threat, and Children's Racial Prejudice

    Science.gov (United States)

    Nesdale, Drew; Maass, Anne; Durkin, Kevin; Griffiths, Judith

    2005-01-01

    To assess predictions from social identity development theory (SIDT; Nesdale, 2004) concerning children's ethnic/racial prejudice, 197 Anglo-Australian children ages 7 or 9 years participated in a minimal group study as a member of a team that had a norm of inclusion or exclusion. The team was threatened or not threatened by an out-group that was…

  11. On implicit racial prejudice against infants

    NARCIS (Netherlands)

    Wolf, L.J.; Maio, G.R.; Karremans, J.C.T.M.; Leygue, C.

    2017-01-01

    Because of the innocence and dependence of children, it would be reassuring to believe that implicit racial prejudice against out-group children is lower than implicit prejudice against out-group adults. Yet, prior research has not directly tested whether or not adults exhibit less spontaneous

  12. The Campus Racial Climate: Contexts of Conflict.

    Science.gov (United States)

    Hurtado, Sylvia

    1992-01-01

    An examination of data from several studies investigated white (n=1,825), African-American (n=328), and Chicano (n=340) college student perceptions of campus racial climate and institutional commitment to cultural diversity. Student demographic variables were considered. Results indicated common and distinct views concerning the environment types…

  13. Challenging Speculation about "Dewey's Racialized Visions"

    Science.gov (United States)

    Eldridge, Michael

    2010-01-01

    In this essay Michael Eldridge maintains that Frank Margonis has in a recent article ill-advisedly speculated about John Dewey's pedagogy, suggesting that his "racialized visions" of students and classroom communities involve a "false universalism" that is problematic for our multicultural society. Based on this understanding, Margonis concludes…

  14. To Imagine and Pursue Racial Justice

    Science.gov (United States)

    Desmond, Matthew; Emirbayer, Mustafa

    2012-01-01

    At the conclusion of many courses on race and racism, students, having learned, some for the first time, about the existence, origins, and complex dimensions of racial domination in America, are left pondering their next steps. "What is to be done?" many ask. "And what, exactly, is it that we want?" Important as they are, these…

  15. Racial background and possible relationships between physical ...

    African Journals Online (AJOL)

    The aim of this research was to investigate possible relationships between physical activity and physical fitness of girls between the ages of 13 and 15 years and the role of different racial backgrounds in this relationship. A cross-sectional research design was used to obtain information from 290 girls between the ages of 13 ...

  16. African American Males Navigate Racial Microaggressions

    Science.gov (United States)

    Hotchkins, Bryan K.

    2016-01-01

    Background/Context: High school educational environments find Black males experience systemic racial microaggressions in the form of discipline policies, academic tracking and hegemonic curriculum (Allen, Scott, & Lewis, 2013). Black males in high school are more likely than their White male peers to have high school truancies and be viewed as…

  17. Dealing with Racial Conflicts in School

    Science.gov (United States)

    Holman, Ben

    1975-01-01

    The roots of racial conflict can be identified, and often predicted, says this author who directs the Community Relations Service of the Justice Department that has helped administrators in 2,000 cases. He lists 10 tension-breeding factors that, if found in your school, may mean you're flirting with a crisis. (Editor)

  18. "Dealing with Racial Conflicts in Schools."

    Science.gov (United States)

    Holman, Ben

    In dealing with racial tension and conflict, the principal is not limited to a wing and a prayer and benign neglect. The roots of conflict can be identified. Conflict can be planned for and utilized constructively. For 10 years, in approximately 2,000 instances, conciliators and mediators of the Community Relations Service have stood side-by-side…

  19. Shareholders in the boardroom: Wealth effects of the SEC's proposal to facilitate director nominations

    NARCIS (Netherlands)

    Akyol, A.; Lim, W.F.; Verwijmeren, P.

    2012-01-01

    Current attempts to reform financial markets presume that shareholder empowerment benefits shareholders. We investigate the wealth effects associated with the Securities and Exchange Commission's rule to facilitate director nominations by shareholders. Our results are not in line with shareholder

  20. Do Wealth Shocks Affect Health? New Evidence from the Housing Boom.

    Science.gov (United States)

    Fichera, Eleonora; Gathergood, John

    2016-11-01

    We exploit large exogenous changes in housing wealth to examine the impact of wealth gains and losses on individual health. In UK household, panel data house price increases, which endow owners with greater wealth, lower the likelihood of home owners exhibiting a range of non-chronic health conditions and improve their self-assessed health with no effect on their psychological health. These effects are not transitory and persist over a 10-year period. Using a range of fixed effects models, we provide robust evidence that these results are not biased by reverse causality or omitted factors. For owners' wealth gains affect labour supply and leisure choices indicating that house price increases allow individuals to reduce intensity of work with commensurate health benefits. © 2016 The Authors. Health Economics Published by John Wiley & Sons, Ltd. © 2016 The Authors. Health Economics Published by John Wiley & Sons, Ltd.

  1. The leverage effect on wealth distribution in a controllable laboratory stock market.

    Science.gov (United States)

    Zhu, Chenge; Yang, Guang; An, Kenan; Huang, Jiping

    2014-01-01

    Wealth distribution has always been an important issue in our economic and social life, since it affects the harmony and stabilization of the society. Under the background of widely used financial tools to raise leverage these years, we studied the leverage effect on wealth distribution of a population in a controllable laboratory market in which we have conducted several human experiments, and drawn the conclusion that higher leverage leads to a higher Gini coefficient in the market. A higher Gini coefficient means the wealth distribution among a population becomes more unequal. This is a result of the ascending risk with growing leverage level in the market plus the diversified trading abilities and risk preference of the participants. This work sheds light on the effects of leverage and its related regulations, especially its impact on wealth distribution. It also shows the capability of the method of controllable laboratory markets which could be helpful in several fields of study such as economics, econophysics and sociology.

  2. Sovereign wealth funds as special international investors under global financial downfall

    Directory of Open Access Journals (Sweden)

    N. Drozd

    2013-02-01

    Full Text Available An overview of origin, functional orientation and characteristics of sovereign wealth funds is presented. Possibility and necessity of cooperation between Ukraine and such systemic investors is proven.

  3. To consume or not. How oil prices affect the comovement of consumption and aggregate wealth

    International Nuclear Information System (INIS)

    Odusami, Babatunde Olatunji

    2010-01-01

    This paper provides insight into how oil price movements affect the consumption choices of U.S. households through the wealth channel. Lettau and Ludvigson (2001) show that while consumption, asset wealth, and labor income share a common long-term trend; they substantially deviate from one another in the short run. In this paper, I show that these transitory deviations can be explained by fluctuations in the price of crude oil. Linear and threshold multivariate autoregressive models are used to measure the oil price effect. Oil price effect on the consumption to aggregate wealth ratio is robust to monetary policy effect, sub-period effect, and econometric specifications of oil price effect. Generally speaking, higher (lower) oil price will lead to a decrease (increase) in the proportion of aggregate wealth consumed. In addition, the magnitude of the oil price effect is asymmetric and sub-period dependent. Oil price effect was higher before the 1980's than in succeeding periods. (author)

  4. Poor and distressed, but happy: situational and cultural moderators of the relationship between wealth and happiness

    Directory of Open Access Journals (Sweden)

    Silvio Borrero

    2013-01-01

    Full Text Available Evidence on the relationship between wealth and happiness is mixed, hinting that there are situational or individual factors that account for the variability in results. This paper contends that wealth is in fact related to happiness. More specifically, it is proposed that poverty –as well as other adverse situations– has an undermining effect on happiness, and that this effect is attenuated by a collectivist orientation. Analyses of variance (ANOVAs using data on happiness, wealth and culture from 197 countries, supplemented by a meta-analysis of empirical studies that explore the relationship between wealth and perceptions of happiness, support the hypothesized relationship between adversity and happiness, and the moderating effect that collectivism has on such relationship.

  5. White racial identity, color-blind racial attitudes, and multicultural counseling competence.

    Science.gov (United States)

    Johnson, Alex; Jackson Williams, Dahra

    2015-07-01

    Multicultural counseling competence (awareness, knowledge, and skills) is necessary to provide effective psychotherapy to an increasingly diverse client population (Sue, 2001). Previous research on predictors of competency among White clinicians finds that above having multicultural training, exposure to racially diverse clients, and social desirability, that White racial identity stages predict multicultural counseling competence (Ottavi et al., 1994). Research also suggests that higher color-blind racial attitudes (denying or minimizing racism in society) correlates with less advanced White racial identity stages (Gushue & Constantine, 2007). However, no studies have examined these variables together as they relate to and possibly predict multicultural counseling competence. The current study aims to add to this literature by investigating the effects of these variables together as potential predictors of multicultural counseling competence among (N = 487) White doctoral students studying clinical, counseling, and school psychology. Results of 3 hierarchical multiple regressions found above the effects of social desirability, demographic variables, and multicultural training, that colorblind racial attitudes and White racial identity stages added significant incremental variance in predicting multicultural counseling knowledge, awareness, and skills. These results add to the literature by finding different predictors for each domain of multicultural competence. Implications of the findings for future research and the clinical training of White doctoral trainees are discussed. (c) 2015 APA, all rights reserved).

  6. Is racial bias malleable? Whites' lay theories of racial bias predict divergent strategies for interracial interactions.

    Science.gov (United States)

    Neel, Rebecca; Shapiro, Jenessa R

    2012-07-01

    How do Whites approach interracial interactions? We argue that a previously unexamined factor-beliefs about the malleability of racial bias-guides Whites' strategies for difficult interracial interactions. We predicted and found that those who believe racial bias is malleable favor learning-oriented strategies such as taking the other person's perspective and trying to learn why an interaction is challenging, whereas those who believe racial bias is fixed favor performance-oriented strategies such as overcompensating in the interaction and trying to end the interaction as quickly as possible. Four studies support these predictions. Whether measured (Studies 1, 3, and 4) or manipulated (Study 2), beliefs that racial bias is fixed versus malleable yielded these divergent strategies for difficult interracial interactions. Furthermore, beliefs about the malleability of racial bias are distinct from related constructs (e.g., prejudice and motivations to respond without prejudice; Studies 1, 3, and 4) and influence self-reported (Studies 1-3) and actual (Study 4) strategies in imagined (Studies 1-2) and real (Studies 3-4) interracial interactions. Together, these findings demonstrate that beliefs about the malleability of racial bias influence Whites' approaches to and strategies within interracial interactions. PsycINFO Database Record (c) 2012 APA, all rights reserved

  7. Social Status Correlates of Reporting Racial Discrimination and Gender Discrimination among Racially Diverse Women

    Science.gov (United States)

    Ro, Annie E.; Choi, Kyung-Hee

    2009-01-01

    The growing body of research on discrimination and health indicates a deleterious effect of discrimination on various health outcomes. However, less is known about the sociodemographic correlates of reporting racial discrimination and gender discrimination among racially diverse women. We examined the associations of social status characteristics with lifetime experiences of racial discrimination and gender discrimination using a racially-diverse sample of 754 women attending family planning clinics in Northern California (11.4% African American, 16.8% Latina, 10.1% Asian and 61.7% Caucasian). A multivariate analysis revealed that race, financial difficulty and marital status were significantly correlated with higher reports of racial discrimination, while race, education, financial difficulty and nativity were significantly correlated with gender discrimination scores. Our findings suggest that the social patterning of perceiving racial discrimination is somewhat different from that of gender discrimination. This has implications in the realm of discrimination research and applied interventions, as different forms of discrimination may have unique covariates that should be accounted for in research analysis or program design. PMID:19485231

  8. Social status correlates of reporting gender discrimination and racial discrimination among racially diverse women.

    Science.gov (United States)

    Ro, Annie E; Choi, Kyung-Hee

    2009-01-01

    The growing body of research on discrimination and health indicates a deleterious effect of discrimination on various health outcomes. However, less is known about the sociodemographic correlates of reporting racial discrimination and gender discrimination among racially diverse women. We examined the associations of social status characteristics with lifetime experiences of racial discrimination and gender discrimination using a racially-diverse sample of 754 women attending family planning clinics in North California (11.4% African American, 16.8% Latina, 10.1% Asian and 61.7% Caucasian). A multivariate analysis revealed that race, financial difficulty and marital status were significantly correlated with higher reports of racial discrimination, while race, education, financial difficulty and nativity were significantly correlated with gender discrimination scores. Our findings suggest that the social patterning of perceiving racial discrimination is somewhat different from that of gender discrimination. This has implications in the realm of discrimination research and applied interventions, as different forms of discrimination may have unique covariates that should be accounted for in research analysis or program design.

  9. Income, Wealth and Consumption of Cross-Border Commuters to Luxembourg

    OpenAIRE

    Thomas Y. Mathä; Alessandro Porpiglia; Michael Ziegelmeyer

    2012-01-01

    Exceeding 40% of domestic employment cross-border commuters are extremely important to Luxembourg's economy and labour market in general. This paper presents unique information on their income, wealth and consumption using representative survey data from cross-border commuter households to Luxembourg. The estimated average total net wealth of cross-border commuter households is about EUR 240,000, which falls substantially short of comparable estimates for Luxembourg resident households exceed...

  10. Which model of capitalism best delivers both wealth and equality?

    OpenAIRE

    William Q Judge; Stav Fainshmidt; J Lee Brown III

    2014-01-01

    Capitalism is the dominant economic system adopted throughout the global economy, but there are many different models of capitalism practiced depending on what the society decides “economic effectiveness” is. In this study, we assert that an effective economy simultaneously achieves two seemingly divergent outcomes: it (1) creates economic wealth efficiently, and (2) shares that wealth equitably. Employing insights from Whitley’s national business systems framework and fuzzy set analysis, we ...

  11. The Top Tail of the Wealth Distribution in Germany, France, Spain, and Greece

    OpenAIRE

    Bach, Stefan; Thiemann, Andreas; Zucco, Aline

    2015-01-01

    We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big fortunes from rich lists, estimate a Pareto distribution, and impute the missing rich. Instead of the Forbes list we mainly rely on national rich lists since they represent a broader base for the big fortunes. As a result, the top percentile share of hou...

  12. Health responses to a wealth shock: Evidence from a Swedish tax reform

    OpenAIRE

    Erixson, Oscar

    2014-01-01

    This essay contributes in two ways to the literature on the effects of economic circumstances on health. First, it deals with reverse causality and omitted variable bias by exploiting exogenous variation in inherited wealth generated by the unexpected repeal of the Swedish inheritance tax. Second, it analyzes responses in health outcomes from administrative registers. The results show that increased wealth has limited impacts on objective adult health over a period of six years. This is in li...

  13. Sovereign Wealth Funds as Global Economic and Political Actors: Defining of Notions

    Directory of Open Access Journals (Sweden)

    Андрей Алексеевич Кинякин

    2014-12-01

    Full Text Available The article devoted to consideration of sovereign wealth funds (SWF as economic and political actors as well as analysis of different forms of their activity in the contemporary global economics and politics. The author comes to the conclusion, that sovereign wealth funds play not only the role of providers of interests of the national states, but being the special purpose vehicles (SPV, designated to fulfill the different tasks, turn out to be the new type of global actors.

  14. Socioemotional Wealth and Firms’ Control: Evidence from Malaysian Chinese Owned Companies

    OpenAIRE

    Goh, Chin Fei; Rasli, Amran; Tan, Owee Kowang; Choi, Sang Long

    2015-01-01

    This paper explores how the preservation of socioemotional wealth can be manifested in the control and corporate governance of Malaysian Chinese firms. Using panel data from the Industrial Products index of the Bursa Malaysia (the Malaysian stock exchange) during 2003-2006, we show that the ingrained ‘life-raft values’ among overseas Chinese entrepreneurs can be associated with the preservation of their socioemotional wealth, and thus they prioritize control over their firms. Additionally, we...

  15. El prejuicio racial en Brasil: medidas comparativas O preconceito racial no Brasil: medidas comparativas Racial prejudice in Brazil: comparative measures

    Directory of Open Access Journals (Sweden)

    Ana Maria Lacerda Teixeira Pires

    2010-04-01

    Full Text Available El estudio trataba de medir las manifestaciones del prejuicio racial en una muestra de la población brasileña, utilizando las escalas de racismo moderno de McConahay, Hardee y Batts (1981 y la escala de racismo cordial de Turra y Venturi (1995 y Venturi (2003. Se aplicó los cuestionarios a un total de 101 estudiantes de diversas universidades en la región sur de Brasil. Los resultados muestran que las dos escalas difieren entre si respecto a captar las expresiones del prejuicio. Las personas declararon mayor racismo moderno que racismo cordial. También hemos estudiado las variables que influyen en el prejuicio racial declarado por los participantes. La variable género y orientación a la dominancia social son variables que predicen el racismo moderno en la muestra estudiada. Los participantes indicaron, en mayor medida, la manifestación del prejuicio racial de forma encubierta y lo hacen más abiertamente cuando hay la posibilidad del contacto personal y estrecho.O estudo avaliou as manifestações de preconceito racial em uma amostra da população brasileira, usando escalas de racismo moderno de McConahay, Hardee e Batts (1981, escala racismo cordial do Datafolha (1995 e Venturi, G. (2003. Os questionários foram aplicados a um total de 101 estudantes de várias universidades da região sul do Brasil. Os resultados mostram que as duas escalas diferem entre si sobre como capturar as expressões de preconceito. As pessoas relataram mais racismo moderno que racismo cordial. Estudamos também as variáveis que influenciam o preconceito racial declarado pelos participantes. As variáveis gênero e orientação à dominância social são preditores do racismo moderno na amostra estudada. Os participantes indicaram, em maior medida, a manifestação do preconceito racial dissimulado e o fazem mais abertamente quando existe a possibilidade do contato pessoal e estreito.This study measured the manifestations of racial prejudice in a sample of

  16. DEFINED CONTRIBUTION PLANS, DEFINED BENEFIT PLANS, AND THE ACCUMULATION OF RETIREMENT WEALTH

    Science.gov (United States)

    Poterba, James; Rauh, Joshua; Venti, Steven; Wise, David

    2010-01-01

    The private pension structure in the United States, once dominated by defined benefit (DB) plans, is currently divided between defined contribution (DC) and DB plans. Wealth accumulation in DC plans depends on the participant's contribution behavior and on financial market returns, while accumulation in DB plans is sensitive to a participant's labor market experience and to plan parameters. This paper simulates the distribution of retirement wealth under representative DB and DC plans. It uses data from the Health and Retirement Study (HRS) to explore how asset returns, earnings histories, and retirement plan characteristics contribute to the variation in retirement wealth outcomes. We simulate DC plan accumulation by randomly assigning individuals a share of wages that they and their employer contribute to the plan. We consider several possible asset allocation strategies, with asset returns drawn from the historical return distribution. Our DB plan simulations draw earnings histories from the HRS, and randomly assign each individual a pension plan drawn from a sample of large private and public defined benefit plans. The simulations yield distributions of both DC and DB wealth at retirement. Average retirement wealth accruals under current DC plans exceed average accruals under private sector DB plans, although DC plans are also more likely to generate very low retirement wealth outcomes. The comparison of current DC plans with more generous public sector DB plans is less definitive, because public sector DB plans are more generous on average than their private sector counterparts. PMID:21057597

  17. More Opportunities than Wealth: Inequality and Emergent Social Classes in a Network of Power and Frustration

    Science.gov (United States)

    Nisoli, Cristiano; Mahault, Benoit; Saxena, Avadh

    We introduce a minimal agent-based model to qualitatively conceptualize the allocation of limited wealth among more abundant opportunities. There the interplay of power, satisfaction and frustration determines the distribution, concentration, and inequality of wealth. Our framework allows us to compare subjective measures of frustration and satisfaction to collective measures of fairness in wealth distribution, such as the Lorenz curve and the Gini index. We find that a completely libertarian, law-of-the-jungle setting, where every agent can acquire wealth from, or lose wealth to, anybody else invariably leads to large inequality. The picture is however dramatically modified when hard constraints are imposed over agents, and they are limited to share wealth with neighbors on a network. We address dynamical societies via an out of equilibrium coevolution of the network, driven by a competition between power and frustration. The ratio between power and frustration controls different dynamical regimes separated by kinetic transitions and characterized by drastically different values of the indices of equality. In particular, it leads to the emergence of three self-organized social classes, lower, middle, and upper class, whose interactions drive a cyclical regime.

  18. Racial and ethnic diversity of the U.S. national nurse workforce 1988-2013.

    Science.gov (United States)

    Xue, Ying; Brewer, Carol

    2014-01-01

    The objective of this article is to examine the racial and ethnic diversity profile of the nurse workforce over time and by geographic region. We conducted survey analysis using the National Sample Survey of Registered Nurses from 1988 to 2008, and further supplemented our trend analysis using published findings from the 2013 National Workforce Survey of Registered Nurses. The gap in racial/ethnic minority representation between the RN workforce and the population has been persistent and has widened over time. This diversity gap is primarily due to underrepresentation of Hispanics and Blacks in the RN workforce, which varied across states and regions, with the largest gaps occurring for Hispanics in the South and West and for Blacks in the South. Greater levels of sustained and targeted support to increase nurse workforce diversity are needed and should be geared not only to specific underrepresented groups but also to the regions and states with the greatest needs. © The Author(s) 2014 Reprints and permissions: sagepub.co.uk/journalsPermissions.nav.

  19. Wealth and sexual behaviour among men in Cameroon

    Directory of Open Access Journals (Sweden)

    Nana Philip

    2006-09-01

    Full Text Available Abstract Background The 2004 Demographic and Health Survey (DHS in Cameroon revealed a higher prevalence of HIV in richest and most educated people than their poorest and least educated compatriots. It is not certain whether the higher prevalence results partly or wholly from wealthier people adopting more unsafe sexual behaviours, surviving longer due to greater access to treatment and care, or being exposed to unsafe injections or other HIV risk factors. As unsafe sex is currently believed to be the main driver of the HIV epidemic in sub-Saharan Africa, we designed this study to examine the association between wealth and sexual behaviour in Cameroon. Methods We analysed data from 4409 sexually active men aged 15–59 years who participated in the Cameroon DHS using logistic regression models, and have reported odds ratios (OR with confidence intervals (CI. Results When we controlled for the potential confounding effects of marital status, place of residence, religion and age, men in the richest third of the population were less likely to have used a condom in the last sex with a non-spousal non-cohabiting partner (OR 0.43, 95% CI 0.32–0.56 and more likely to have had at least two concurrent sex partners in the last 12 months (OR 1.38, 95% CI 1.12–1.19 and more than five lifetime sex partners (OR 1.97, 95% CI 1.60–2.43. However, there was no difference between the richest and poorest men in the purchase of sexual services. Regarding education, men with secondary or higher education were less likely to have used a condom in the last sex with a non-spousal non-cohabiting partner (OR 0.24, 95% CI 0.16–0.38 and more likely to have started sexual activity at age 17 years or less (OR 2.73, 95% CI 2.10–3.56 and had more than five lifetime sexual partners (OR 2.59, 95% CI 2.02–3.31. There was no significant association between education and multiple concurrent sexual partnerships in the last 12 months or purchase of sexual services

  20. Unequal Gain of Equal Resources across Racial Groups.

    Science.gov (United States)

    Assari, Shervin

    2017-08-05

    The health effects of economic resources (eg, education, employment, and living place) and psychological assets (eg, self-efficacy, perceived control over life, anger control, and emotions) are well-known. This article summarizes the results of a growing body of evidence documenting Blacks' diminished return, defined as a systematically smaller health gain from economic resources and psychological assets for Blacks in comparison to Whites. Due to structural barriers that Blacks face in their daily lives, the very same resources and assets generate smaller health gain for Blacks compared to Whites. Even in the presence of equal access to resources and assets, such unequal health gain constantly generates a racial health gap between Blacks and Whites in the United States. In this paper, a number of public policies are recommended based on these findings. First and foremost, public policies should not merely focus on equalizing access to resources and assets, but also reduce the societal and structural barriers that hinder Blacks. Policy solutions should aim to reduce various manifestations of structural racism including but not limited to differential pay, residential segregation, lower quality of education, and crime in Black and urban communities. As income was not found to follow the same pattern demonstrated for other resources and assets (ie, income generated similar decline in risk of mortality for Whites and Blacks), policies that enforce equal income and increase minimum wage for marginalized populations are essential. Improving quality of education of youth and employability of young adults will enable Blacks to compete for high paying jobs. Policies that reduce racism and discrimination in the labor market are also needed. Without such policies, it will be very difficult, if not impossible, to eliminate the sustained racial health gap in the United States. © 2018 The Author(s); Published by Kerman University of Medical Sciences. This is an open

  1. Racial Microaggressions: The Schooling Experiences of Black Middle-Class Males in Arizona’s Secondary Schools

    Directory of Open Access Journals (Sweden)

    Quaylan Allen

    2010-05-01

    Full Text Available The literature on Black education has often neglected significant analysis of life in schools and the experience of racism among Black middle-class students in general and Black middle-class males specifically. Moreover, the achievement gap between this population and their White counterparts in many cases is greater than the gap that exists among working-class Blacks and Whites. This study begins to document the aforementioned by illuminating the racial microaggressions experienced by Black middle-class males while in school and how their families’ usage of social and cultural capital deflect the potential negative outcomes of school racism.

  2. Synthesis and Exciton Dynamics of Donor-Orthogonal Acceptor Conjugated Polymers: Reducing the Singlet–Triplet Energy Gap

    KAUST Repository

    Freeman, David M. E.; Musser, Andrew J.; Frost, Jarvist M.; Stern, Hannah L.; Forster, Alexander K.; Fallon, Kealan J.; Rapidis, Alexandros G.; Cacialli, Franco; McCulloch, Iain; Clarke, Tracey M.; Friend, Richard H.; Bronstein, Hugo

    2017-01-01

    The presence of energetically low-lying triplet states is a hallmark of organic semiconductors. Even though they present a wealth of interesting photophysical properties, these optically dark states significantly limit optoelectronic device performance. Recent advances in emissive charge-transfer molecules have pioneered routes to reduce the energy gap between triplets and

  3. Synthesis and Exciton Dynamics of Donor-Orthogonal Acceptor Conjugated Polymers: Reducing the Singlet–Triplet Energy Gap

    KAUST Repository

    Freeman, David M. E.

    2017-06-09

    The presence of energetically low-lying triplet states is a hallmark of organic semiconductors. Even though they present a wealth of interesting photophysical properties, these optically dark states significantly limit optoelectronic device performance. Recent advances in emissive charge-transfer molecules have pioneered routes to reduce the energy gap between triplets and

  4. Gap and density theorems

    CERN Document Server

    Levinson, N

    1940-01-01

    A typical gap theorem of the type discussed in the book deals with a set of exponential functions { \\{e^{{{i\\lambda}_n} x}\\} } on an interval of the real line and explores the conditions under which this set generates the entire L_2 space on this interval. A typical gap theorem deals with functions f on the real line such that many Fourier coefficients of f vanish. The main goal of this book is to investigate relations between density and gap theorems and to study various cases where these theorems hold. The author also shows that density- and gap-type theorems are related to various propertie

  5. Bridging the Gap

    DEFF Research Database (Denmark)

    Kramer Overgaard, Majken; Broeng, Jes; Jensen, Monika Luniewska

    Bridging the Gap (BtG) is a 2-year project funded by The Danish Industry Foundation. The goal of Bridging the Gap has been to create a new innovation model which will increase the rate at which Danish universities can spinout new technology ventures.......Bridging the Gap (BtG) is a 2-year project funded by The Danish Industry Foundation. The goal of Bridging the Gap has been to create a new innovation model which will increase the rate at which Danish universities can spinout new technology ventures....

  6. Racial-Ethnic Disparities in Maternal Parenting Stress: The Role of Structural Disadvantages and Parenting Values

    Science.gov (United States)

    Nomaguchi, Kei; House, Amanda N.

    2013-01-01

    Although researchers contend that racial-ethnic minorities experience more stress than whites, knowledge of racial-ethnic disparities in parenting stress is limited. Using a pooled time-series analysis of data from the Early Childhood Longitudinal Study, Kindergarten Class of 1998–99 (n = 11,324), we examine racial-ethnic differences in maternal parenting stress, with a focus on structural and cultural explanations and variations by nativity and child age. In kindergarten, black mothers, albeit U.S.-born only, report more parenting stress than white mothers due to structural disadvantages and authoritarian parenting values. The black-white gap increases from kindergarten to third grade, and in third grade, U.S.-born black mothers’ higher stress than white mothers’ persists after controlling for structural and parenting factors. Hispanic and Asian mothers, albeit foreign-born only, report more stress than white mothers at both ages due to structural disadvantages and authoritarian values. Despite structural disadvantages, American Indian mothers report less stress. PMID:24026535

  7. Racial disparities in bipolar disorder treatment and research: a call to action.

    Science.gov (United States)

    Akinhanmi, Margaret O; Biernacka, Joanna M; Strakowski, Stephen M; McElroy, Susan L; Balls Berry, Joyce E; Merikangas, Kathleen R; Assari, Shervin; McInnis, Melvin G; Schulze, Thomas G; LeBoyer, Marion; Tamminga, Carol; Patten, Christi; Frye, Mark A

    2018-03-12

    Health disparities between individuals of African and European ancestry are well documented. The disparities in bipolar disorder may be driven by racial bias superimposed on established factors contributing to misdiagnosis, including: evolving empirically based diagnostic criteria (International Classification of Diseases [ICD], Research Diagnostic Criteria [RDC] and Diagnostic and Statistical Manual [DSM]), multiple symptom domains (i.e. mania, depression and psychosis), and multimodal medical and additional psychiatric comorbidity. For this paper, we reviewed the phenomenological differences between bipolar individuals of African and European ancestry in the context of diagnostic criteria and clinical factors that may contribute to a potential racial bias. Published data show that bipolar persons of African ancestry, compared with bipolar persons of non-African ancestry, are more often misdiagnosed with a disease other than bipolar disorder (i.e. schizophrenia). Additionally, studies show that there are disparities in recruiting patients of African ancestry to participate in important genomic studies. This gap in biological research in this underrepresented minority may represent a missed opportunity to address potential racial differences in the risk and course of bipolar illness. A concerted effort by the research community to increase inclusion of diverse persons in studies of bipolar disorder through community engagement may facilitate fully addressing these diagnostic and treatment disparities in bipolar individuals of African ancestry. Published 2018. This article is a U.S. Government work and is in the public domain in the USA.

  8. Racial-ethnic disparities in maternal parenting stress: the role of structural disadvantages and parenting values.

    Science.gov (United States)

    Nomaguchi, Kei; House, Amanda N

    2013-01-01

    Although researchers contend that racial-ethnic minorities experience more stress than whites, knowledge of racial-ethnic disparities in parenting stress is limited. Using a pooled time-series analysis of data from the Early Childhood Longitudinal Study, Kindergarten Class of 1998-99 (n = 11,324), we examine racial-ethnic differences in maternal parenting stress, with a focus on structural and cultural explanations and variations by nativity and child age. In kindergarten, black mothers, albeit U.S.-born only, report more parenting stress than white mothers due to structural disadvantages and authoritarian parenting values. The black-white gap increases from kindergarten to third grade, and in third grade, U.S.-born black mothers' higher stress than white mothers' persists after controlling for structural and parenting factors. Hispanic and Asian mothers, albeit foreign-born only, report more stress than white mothers at both ages due to structural disadvantages and authoritarian values. Despite structural disadvantages, American Indian mothers report less stress.

  9. Racial Disparities in Diabetes Hospitalization of Rural Medicare Beneficiaries in 8 Southeastern States.

    Science.gov (United States)

    Wan, Thomas T H; Lin, Yi-Ling; Ortiz, Judith

    2016-01-01

    This study examined racial variability in diabetes hospitalizations attributable to contextual, organizational, and ecological factors controlling for patient variabilities treated at rural health clinics (RHCs). The pooled cross-sectional data for 2007 through 2013 for RHCs were aggregated from Medicare claim files of patients served by RHCs. Descriptive statistics were presented to illustrate the general characteristics of the RHCs in 8 southeastern states. Regression of the dependent variable on selected predictors was conducted using a generalized estimating equation method. The risk-adjusted diabetes mellitus (DM) hospitalization rates slightly declined in 7 years from 3.55% to 2.40%. The gap between the crude and adjusted rates became wider in the African American patient group but not in the non-Hispanic white patient group. The average DM disparity ratio increased 17.7% from the pre-Affordable Care Act (ACA; 1.47) to the post-ACA period (1.73) for the African American patient group. The results showed that DM disparity ratios did not vary significantly by contextual, organizational, and individual factors for African Americans. Non-Hispanic white patients residing in large and small rural areas had higher DM disparity ratios than other rural areas. The results of this study confirm racial disparities in DM hospitalizations. Future research is needed to identify the underlying reasons for such racial disparities to guide the formulation of effective and efficient changes in DM care management practices coupled with the emphasis of culturally competent, primary and preventive care.

  10. Racial Disparities in Diabetes Hospitalization of Rural Medicare Beneficiaries in 8 Southeastern States

    Directory of Open Access Journals (Sweden)

    Thomas T. H. Wan

    2016-10-01

    Full Text Available This study examined racial variability in diabetes hospitalizations attributable to contextual, organizational, and ecological factors controlling for patient variabilities treated at rural health clinics (RHCs. The pooled cross-sectional data for 2007 through 2013 for RHCs were aggregated from Medicare claim files of patients served by RHCs. Descriptive statistics were presented to illustrate the general characteristics of the RHCs in 8 southeastern states. Regression of the dependent variable on selected predictors was conducted using a generalized estimating equation method. The risk-adjusted diabetes mellitus (DM hospitalization rates slightly declined in 7 years from 3.55% to 2.40%. The gap between the crude and adjusted rates became wider in the African American patient group but not in the non-Hispanic white patient group. The average DM disparity ratio increased 17.7% from the pre-Affordable Care Act (ACA; 1.47 to the post-ACA period (1.73 for the African American patient group. The results showed that DM disparity ratios did not vary significantly by contextual, organizational, and individual factors for African Americans. Non-Hispanic white patients residing in large and small rural areas had higher DM disparity ratios than other rural areas. The results of this study confirm racial disparities in DM hospitalizations. Future research is needed to identify the underlying reasons for such racial disparities to guide the formulation of effective and efficient changes in DM care management practices coupled with the emphasis of culturally competent, primary and preventive care.

  11. [Racial discrimination in the care environment].

    Science.gov (United States)

    Labache, Lucette

    2018-05-01

    Based on interviews carried out with people from overseas working in Parisian hospitals and observations made of women from Central and North Africa working in care facilities for elderly or disabled people, this article discusses the issue of racial discrimination. We focus on the way discrimination develops, its manifestations in the care sector and the way in which it is handled. Copyright © 2018 Elsevier Masson SAS. All rights reserved.

  12. Bridge the Gap

    DEFF Research Database (Denmark)

    Marselis, Randi

    2017-01-01

    This article focuses on photo projects organised for teenage refugees by the Society for Humanistic Photography (Berlin, Germany). These projects, named Bridge the Gap I (2015), and Bridge the Gap II (2016), were carried out in Berlin and brought together teenagers with refugee and German...

  13. Bridging a Cultural Gap

    Science.gov (United States)

    Leviatan, Talma

    2008-01-01

    There has been a broad wave of change in tertiary calculus courses in the past decade. However, the much-needed change in tertiary pre-calculus programmes--aimed at bridging the gap between high-school mathematics and tertiary mathematics--is happening at a far slower pace. Following a discussion on the nature of the gap and the objectives of a…

  14. Understanding the Gender Gap.

    Science.gov (United States)

    Goldin, Claudia

    1985-01-01

    Despite the great influx of women into the labor market, the gap between men's and women's wages has remained stable at 40 percent since 1950. Analysis of labor data suggests that this has occurred because women's educational attainment compared to men has declined. Recently, however, the wage gap has begun to narrow, and this will probably become…

  15. Bridging the Transition Gap

    Science.gov (United States)

    2013-05-23

    period and provide recommendations to guide future research and policy development. 4 DEFINING THE TRANSITIONAL SECURITY GAP There have been...BRIDGING THE TRANSITION GAP A Monograph by MAJ J.D. Hansen United States Army School of Advanced Military Studies United States Army...suggestions for reducing this burden to Department of Defense, Washington Headquarters Services, Directorate for Information Operations and Reports (0704

  16. Wealth-Associated Disparities in Death and Disability in the United States and England.

    Science.gov (United States)

    Makaroun, Lena K; Brown, Rebecca T; Diaz-Ramirez, L Grisell; Ahalt, Cyrus; Boscardin, W John; Lang-Brown, Sean; Lee, Sei

    2017-12-01

    Low income has been associated with poor health outcomes. Owing to retirement, wealth may be a better marker of financial resources among older adults. To determine the association of wealth with mortality and disability among older adults in the United States and England. The US Health and Retirement Study (HRS) and English Longitudinal Study of Aging (ELSA) are nationally representative cohorts of community-dwelling older adults. We examined 12 173 participants enrolled in HRS and 7599 enrolled in ELSA in 2002. Analyses were stratified by age (54-64 years vs 66-76 years) because many safety-net programs commence around age 65 years. Participants were followed until 2012 for mortality and disability. Wealth quintile, based on total net worth in 2002. Mortality and disability, defined as difficulty performing an activity of daily living. A total of 6233 US respondents and 4325 English respondents aged 54 to 64 years (younger cohort) and 5940 US respondents and 3274 English respondents aged 66 to 76 years (older cohort) were analyzed for the mortality outcome. Slightly over half of respondents were women (HRS: 6570, 54%; ELSA: 3974, 52%). A higher proportion of respondents from HRS were nonwhite compared with ELSA in both the younger (14% vs 3%) and the older (13% vs 3%) age cohorts. We found increased risk of death and disability as wealth decreased. In the United States, participants aged 54 to 64 years in the lowest wealth quintile (Q1) (≤$39 000) had a 17% mortality risk and 48% disability risk over 10 years, whereas in the highest wealth quintile (Q5) (>$560 000) participants had a 5% mortality risk and 15% disability risk (mortality hazard ratio [HR], 3.3; 95% CI, 2.0-5.6; P £310,550) had a 4% mortality risk and 17% disability risk (mortality HR, 4.4; 95% CI, 2.7-7.0; P wealth quintiles were similar. When adjusted for sex, age, race, income, and education, HR for mortality and sHR for disability were attenuated but remained statistically

  17. "Being Asian American Is a Lot Different Here": Influences of Geography on Racial Identity

    Science.gov (United States)

    Chan, Jason

    2017-01-01

    Studies on college students' racial identities seldom focus on geographic context, despite existing research documenting its role in how racial groups construct and express racial identities. Drawing on theories of ecological systems and racial formation, I explored experiences of race and racial identity among 10 Asian American students who…

  18. The relationship between parity and overweight varies with household wealth and national development.

    Science.gov (United States)

    Kim, Sonia A; Yount, Kathryn M; Ramakrishnan, Usha; Martorell, Reynaldo

    2007-02-01

    Recent studies support a positive relationship between parity and overweight among women of developing countries; however, it is unclear whether these effects vary by household wealth and national development. Our objective was to determine whether the association between parity and overweight [body mass index (BMI) > or =25 kg/m(2)] in women living in developing countries varies with levels of national human development and/or household wealth. We used data from 28 nationally representative, cross-sectional surveys conducted between 1996 and 2003 (n = 275 704 women, 15-49 years). The relationship between parity and overweight was modelled using logistic regression, controlling for several biological and sociodemographic factors and national development, as reflected by the United Nations' Human Development Index. We also modelled the interaction between parity and national development, and the three-way interaction between parity, household wealth and national development. Parity had a weak, positive association with overweight, which varied by household wealth and national development. Among the poorest women and women in the second tertile of household wealth, parity was positively related to overweight only in the most developed countries. Among the wealthiest women, parity was positively related to overweight regardless of the level of national development. As development increases, the burden of parity-related overweight shifts to include poor as well as wealthy women. In the least-developed countries, programmes to prevent parity-related overweight should target wealthy women, whereas such programmes should be provided to all women in more developed countries.

  19. Independent Associations of Maternal Education and Household Wealth with Malaria Risk in Children

    Directory of Open Access Journals (Sweden)

    José G. Siri

    2014-03-01

    Full Text Available Despite evidence that they play similar but independent roles, maternal education and household wealth are usually conflated in studies of the effects of socioeconomic status (SES on malaria risk. Demographic and Health Survey and Malaria Indicator Survey data from nine countries in sub-Saharan Africa were used to explore the relationship of malaria parasitemia in children with SES factors at individual and cluster scales, controlling for urban/rural residence and other important covariates. In multilevel logistic regression modeling, completion of six years of maternal schooling was associated with significantly lower odds of infection in children (OR = 0.73, as was a household wealth index at the 40th percentile compared to the lowest percentile (OR = 0.48. These relationships were nonlinear, with significant quadratic terms for both education and wealth. Cluster-level wealth index was also associated with a reduction in risk (OR = 0.984 for a one percentile increase in mean wealth index, as was urban residence (OR = 0.59. Among other covariates, increasing child's age and household size category were positively correlated with infection, and sleeping under an insecticide-treated bednet the previous night (OR = 0.80 was associated with a moderate reduction in risk. Considerable variation in parameter estimates was observed among country-specific models. Future work should clearly distinguish between maternal education and household resources in assessing malaria risk, and malaria prevention and control efforts should be aware of the potential benefits of supporting the development of human capital.

  20. Childhood family wealth and mental health in a national cohort of young adults.

    Science.gov (United States)

    Lê-Scherban, Félice; Brenner, Allison B; Schoeni, Robert F

    2016-12-01

    Mental health is critical to young adult health, as the onset of 75% of psychiatric disorders occurs by age 24 and psychiatric disorders early in life predict later behavioral health problems. Wealth may serve as a buffer against economic stressors. Family wealth may be particularly relevant for young adults by providing them with economic resources as they make educational decisions and move towards financial and social independence. We used prospectively collected data from 2060 young adults aged 18-27 in 2005-2011 from the Panel Study of Income Dynamics, a national cohort of US families. We examined associations between nonspecific psychological distress (measured with the K-6 scale) and childhood average household wealth during ages 0-18 years (net worth in 2010 dollars). In demographics-adjusted generalized estimating equation models, higher childhood wealth percentile was related to a lower prevalence of serious psychological distress: compared to below-median wealth, prevalence ratio (PR) = 0.56 (0.36-0.87) for 3 rd quartile and PR = 0.46 (0.29-0.73) for 4 th quartile. The associations were attenuated slightly by adjustment for parent education and more so by adjustment for childhood household income percentile. Understanding the lifelong processes through which distinct aspects of socioeconomic status affect mental health can help us identify high-risk populations and take steps to minimize future disparities in mental illness.

  1. Effects of spatial location and household wealth on health insurance subscription among women in Ghana.

    Science.gov (United States)

    Kumi-Kyereme, Akwasi; Amo-Adjei, Joshua

    2013-06-17

    This study compares ownership of health insurance among Ghanaian women with respect to wealth status and spatial location. We explore the overarching research question by employing geographic and proxy means targeting through interactive analysis of wealth status and spatial issues. The paper draws on the 2008 Ghana Demographic and Health Survey. Bivariate descriptive analysis coupled with binary logistic regression estimation technique was used to analyse the data. By wealth status, the likelihood of purchasing insurance was significantly higher among respondents from the middle, richer and richest households compared to the poorest (reference category) and these differences widened more profoundly in the Northern areas after interacting wealth with zone of residence. Among women at the bottom of household wealth (poorest and poorer), there were no statistically significant differences in insurance subscription in all the areas. The results underscore the relevance of geographic and proxy means targeting in identifying populations who may be need of special interventions as part of the efforts to increase enrolment as well as means of social protection against the vulnerable.

  2. Material wealth in 3D: Mapping multiple paths to prosperity in low- and middle- income countries.

    Science.gov (United States)

    Hruschka, Daniel J; Hadley, Craig; Hackman, Joseph

    2017-01-01

    Material wealth is a key factor shaping human development and well-being. Every year, hundreds of studies in social science and policy fields assess material wealth in low- and middle-income countries assuming that there is a single dimension by which households can move from poverty to prosperity. However, a one-dimensional model may miss important kinds of prosperity, particularly in countries where traditional subsistence-based livelihoods coexist with modern cash economies. Using multiple correspondence analysis to analyze representative household data from six countries-Nepal, Bangladesh, Ethiopia, Kenya, Tanzania and Guatemala-across three world regions, we identify a number of independent dimension of wealth, each with a clear link to locally relevant pathways to success in cash and agricultural economies. In all cases, the first dimension identified by this approach replicates standard one-dimensional estimates and captures success in cash economies. The novel dimensions we identify reflect success in different agricultural sectors and are independently associated with key benchmarks of food security and human growth, such as adult body mass index and child height. The multidimensional models of wealth we describe here provide new opportunities for examining the causes and consequences of wealth inequality that go beyond success in cash economies, for tracing the emergence of hybrid pathways to prosperity, and for assessing how these different pathways to economic success carry different health risks and social opportunities.

  3. Material wealth in 3D: Mapping multiple paths to prosperity in low- and middle- income countries.

    Directory of Open Access Journals (Sweden)

    Daniel J Hruschka

    Full Text Available Material wealth is a key factor shaping human development and well-being. Every year, hundreds of studies in social science and policy fields assess material wealth in low- and middle-income countries assuming that there is a single dimension by which households can move from poverty to prosperity. However, a one-dimensional model may miss important kinds of prosperity, particularly in countries where traditional subsistence-based livelihoods coexist with modern cash economies. Using multiple correspondence analysis to analyze representative household data from six countries-Nepal, Bangladesh, Ethiopia, Kenya, Tanzania and Guatemala-across three world regions, we identify a number of independent dimension of wealth, each with a clear link to locally relevant pathways to success in cash and agricultural economies. In all cases, the first dimension identified by this approach replicates standard one-dimensional estimates and captures success in cash economies. The novel dimensions we identify reflect success in different agricultural sectors and are independently associated with key benchmarks of food security and human growth, such as adult body mass index and child height. The multidimensional models of wealth we describe here provide new opportunities for examining the causes and consequences of wealth inequality that go beyond success in cash economies, for tracing the emergence of hybrid pathways to prosperity, and for assessing how these different pathways to economic success carry different health risks and social opportunities.

  4. Money giveth, money taketh away: the dual effect of wealth on happiness.

    Science.gov (United States)

    Quoidbach, Jordi; Dunn, Elizabeth W; Petrides, K V; Mikolajczak, Moïra

    2010-06-01

    This study provides the first evidence that money impairs people's ability to savor everyday positive emotions and experiences. In a sample of working adults, wealthier individuals reported lower savoring ability (the ability to enhance and prolong positive emotional experience). Moreover, the negative impact of wealth on individuals' ability to savor undermined the positive effects of money on their happiness. We experimentally exposed participants to a reminder of wealth and produced the same deleterious effect on their ability to savor as that produced by actual individual differences in wealth, a result supporting the theory that money has a causal effect on savoring. Moving beyond self-reports, we found that participants exposed to a reminder of wealth spent less time savoring a piece of chocolate and exhibited reduced enjoyment of it compared with participants not exposed to wealth. This article presents evidence supporting the widely held but previously untested belief that having access to the best things in life may actually undercut people's ability to reap enjoyment from life's small pleasures.

  5. Simple wealth distribution model causing inequality-induced crisis without external shocks

    Science.gov (United States)

    Benisty, Henri

    2017-05-01

    We address the issue of the dynamics of wealth accumulation and economic crisis triggered by extreme inequality, attempting to stick to most possibly intrinsic assumptions. Our general framework is that of pure or modified multiplicative processes, basically geometric Brownian motions. In contrast with the usual approach of injecting into such stochastic agent models either specific, idiosyncratic internal nonlinear interaction patterns or macroscopic disruptive features, we propose a dynamic inequality model where the attainment of a sizable fraction of the total wealth by very few agents induces a crisis regime with strong intermittency, the explicit coupling between the richest and the rest being a mere normalization mechanism, hence with minimal extrinsic assumptions. The model thus harnesses the recognized lack of ergodicity of geometric Brownian motions. It also provides a statistical intuition to the consequences of Thomas Piketty's recent "r >g " (return rate > growth rate) paradigmatic analysis of very-long-term wealth trends. We suggest that the "water-divide" of wealth flow may define effective classes, making an objective entry point to calibrate the model. Consistently, we check that a tax mechanism associated to a few percent relative bias on elementary daily transactions is able to slow or stop the build-up of large wealth. When extreme fluctuations are tamed down to a stationary regime with sizable but steadier inequalities, it should still offer opportunities to study the dynamics of crisis and the inner effective classes induced through external or internal factors.

  6. Racial and Gender Disparities in Patients with Gout

    Science.gov (United States)

    Singh, Jasvinder A.

    2012-01-01

    Gout affects 8.3 million Americans according to NHANES 2007–2008, roughly 3.9% of the U.S. population. Gout has significant impact on physical function, productivity, health-related quality of life (HRQOL) and health care costs. Uncontrolled gout is also associated with significant utilization of emergent care services. Women are less likely to have gout than men, but in the postmenopausal years the gender difference in disease incidence decreases. Compared to Whites, racial/ethnic minorities, especially blacks, have higher prevalence of gout. On the other hand, blacks are less likely to receive quality gout care, leading to a disproportionate morbidity. Women are less likely than men to receive allopurinol, less likely to get joint aspirations for crystal analyses for establishing diagnosis, but those on urate-lowering therapy are as/more likely as men to get serum urate check within 6-months of initiation. While a few studies provide the knowledge related to gender and race/ethnicity disparities in gout, several knowledge gaps exist in gout epidemiology and outcomes differences by gender and race/ethnicity. These should be explored in future studies. PMID:23315156

  7. Racialization, Othering, and Coping Among Adult International Adoptees in Finland

    OpenAIRE

    Koskinen, Maarit

    2015-01-01

    This qualitative interview study examined experiences of racialization and coping among 14 adult international adoptees in Finland. The results show that adoptees encounter a range of racializations by which they are made ‘other’ and excluded from Finnishness. Racialization mostly occurs indirectly and subtly, and often by significant others, and consequently is more difficult to cope with. The findings suggest that the Finnish adoption community and adoption research should pa...

  8. The Influence of Explicit Racial Cues on Candidate Evaluation

    OpenAIRE

    Green, Joshua Aaron

    2013-01-01

    Since Barack Obama's presidential campaign of 2008, media outlets have changed how race is covered and framed during political campaigns. In the so-called "post-racial" era of American politics when race is supposed to matter less, we are still very much attuned to stories that are framed by racial conflict. When the media wraps a "racial mode of interpretation" around a conflict between two candidates, there are potential electoral penalties involved for either a white or black candidate who...

  9. Individual, family background, and contextual explanations of racial and ethnic disparities in youths' exposure to violence.

    Science.gov (United States)

    Zimmerman, Gregory M; Messner, Steven F

    2013-03-01

    We used data from the Project on Human Development in Chicago Neighborhoods to examine the extent to which individual, family, and contextual factors account for the differential exposure to violence associated with race/ethnicity among youths. Logistic hierarchical item response models on 2344 individuals nested within 80 neighborhoods revealed that the odds of being exposed to violence were 74% and 112% higher for Hispanics and Blacks, respectively, than for Whites. Appreciable portions of the Hispanic-White gap (33%) and the Black-White gap (53%) were accounted for by family background factors, individual differences, and neighborhood factors. The findings imply that programs aimed at addressing the risk factors for exposure to violence and alleviating the effects of exposure to violence may decrease racial/ethnic disparities in exposure to violence and its consequences.

  10. Individual, Family Background, and Contextual Explanations of Racial and Ethnic Disparities in Youths’ Exposure to Violence

    Science.gov (United States)

    Messner, Steven F.

    2013-01-01

    We used data from the Project on Human Development in Chicago Neighborhoods to examine the extent to which individual, family, and contextual factors account for the differential exposure to violence associated with race/ethnicity among youths. Logistic hierarchical item response models on 2344 individuals nested within 80 neighborhoods revealed that the odds of being exposed to violence were 74% and 112% higher for Hispanics and Blacks, respectively, than for Whites. Appreciable portions of the Hispanic–White gap (33%) and the Black–White gap (53%) were accounted for by family background factors, individual differences, and neighborhood factors. The findings imply that programs aimed at addressing the risk factors for exposure to violence and alleviating the effects of exposure to violence may decrease racial/ethnic disparities in exposure to violence and its consequences. PMID:23327266

  11. 'Health is wealth and wealth is health'--perceptions of health and ill-health among female sex workers in Savannakhet, Laos.

    Science.gov (United States)

    Phrasisombath, Ketkesone; Thomsen, Sarah; Sychareun, Vanphanom; Faxelid, Elisabeth

    2013-01-02

    Female sex workers (FSWs) are vulnerable to sexually transmitted infections (STIs) and other types of health problems and they also encounter socio-economic difficulties. Efforts to develop effective health intervention programs for FSWs have been hampered by a lack of information on why FSWs do not seek or delay seeking treatment for STIs. To further understand their reasons, our study applied a qualitative approach to explore perceptions of health and ill-health among FSWs in Savannakhet province in Laos. Fifteen in-depth interviews were conducted with FSWs in Savannakhet province. Latent content analysis was used for analysis. Sex workers' definitions of health and wealth are intertwined. Thus, good health was described as strongly related to wealth, and wealth was needed in order to be healthy. This is explained in two sub-themes: health is necessary for work and income and ill-health creates social and economic vulnerability. Female sex workers' beliefs and perceptions about health and ill-health were dominated by their economic need, which in turn was influenced by expectations and demands from their families.

  12. The relationship among biodiversity, governance, wealth, and scientific capacity at a country level: Disaggregation and prioritization.

    Science.gov (United States)

    Lira-Noriega, Andrés; Soberón, Jorge

    2015-09-01

    At a global level, the relationship between biodiversity importance and capacity to manage it is often assumed to be negative, without much differentiation among the more than 200 countries and territories of the world. We examine this relationship using a database including terrestrial biodiversity, wealth and governance indicators for most countries. From these, principal components analysis was used to construct aggregated indicators at global and regional scales. Wealth, governance, and scientific capacity represent different skills and abilities in relation to biodiversity importance. Our results show that the relationship between biodiversity and the different factors is not simple: in most regions wealth and capacity varies positively with biodiversity, while governance vary negatively with biodiversity. However, these trends, to a certain extent, are concentrated in certain groups of nations and outlier countries. We discuss our results in the context of collaboration and joint efforts among biodiversity-rich countries and foreign agencies.

  13. Wealth and Secular Stagnation: The Role of Industrial Organization and Intellectual Property Rights

    Directory of Open Access Journals (Sweden)

    Herman Mark Schwartz

    2016-10-01

    Full Text Available Changes in firm strategy and structure partially explain the sources and consequences of rising wealth inequality in America. Combining use of state-created monopolies around intellectual property rights (IPRs for profitability and firm-level strategies to transform their industrial organization by pushing physical capital and noncore labor outside the boundaries of the firm leads to rising levels of wealth and income inequality among firms as well as individuals. Income inequality among firms in turn reduces growth in productive investment and thus in aggregate demand. Slower growth reflexively deters firms from new investment, aggravating the shortfall in aggregate demand. Decreased protection for IPRs and increased protection for subcontracted workers would help increase aggregate demand and thus push growth back to its prior level, as well as reducing wealth and income inequality among individuals.

  14. Do wealth distributions follow power laws? Evidence from ‘rich lists’

    Science.gov (United States)

    Brzezinski, Michal

    2014-07-01

    We use data on the wealth of the richest persons taken from the 'rich lists' provided by business magazines like Forbes to verify if the upper tails of wealth distributions follow, as often claimed, a power-law behaviour. The data sets used cover the world's richest persons over 1996-2012, the richest Americans over 1988-2012, the richest Chinese over 2006-2012, and the richest Russians over 2004-2011. Using a recently introduced comprehensive empirical methodology for detecting power laws, which allows for testing the goodness of fit as well as for comparing the power-law model with rival distributions, we find that a power-law model is consistent with data only in 35% of the analysed data sets. Moreover, even if wealth data are consistent with the power-law model, they are usually also consistent with some rivals like the log-normal or stretched exponential distributions.

  15. Racial identity invalidation with multiracial individuals: An instrument development study.

    Science.gov (United States)

    Franco, Marisa G; O'Brien, Karen M

    2018-01-01

    Racial identity invalidation, others' denial of an individual's racial identity, is a salient racial stressor with harmful effects on the mental health and well-being of Multiracial individuals. The purpose of this study was to create a psychometrically sound measure to assess racial identity invalidation for use with Multiracial individuals (N = 497). The present sample was mostly female (75%) with a mean age of 26.52 years (SD = 9.60). The most common racial backgrounds represented were Asian/White (33.4%) and Black/White (23.7%). Participants completed several online measures via Qualtrics. Exploratory factor analyses revealed 3 racial identity invalidation factors: behavior invalidation, phenotype invalidation, and identity incongruent discrimination. A confirmatory factor analysis provided support for the initial factor structure. Alternative model testing indicated that the bifactor model was superior to the 3-factor model. Thus, a total score and/or 3 subscale scores can be used when administering this instrument. Support was found for the reliability and validity of the total scale and subscales. In line with the minority stress theory, challenges with racial identity mediated relationships between racial identity invalidation and mental health and well-being outcomes. The findings highlight the different dimensions of racial identity invalidation and indicate their negative associations with connectedness and psychological well-being. (PsycINFO Database Record (c) 2018 APA, all rights reserved).

  16. Associations Between County Wealth, Health and Social Services Spending, and Health Outcomes.

    Science.gov (United States)

    McCullough, J Mac; Leider, Jonathon P

    2017-11-01

    Each year, the County Health Rankings rate the health outcomes of each county in the U.S. A common refrain is that poor counties perform worse than wealthier ones. This article examines that assumption and specifically analyzes characteristics of counties that have performed better in terms of health outcomes than their wealth alone would suggest. Data from the 2013 County Health Rankings were used, as were 2012 financial and demographic information collected by the U.S. Census Bureau. A logistic model was constructed to examine the odds of a county "overperforming" in the rankings relative to community wealth. Analyses were performed in 2016. Communities that were wealthier performed better on the rankings. However, more than 800 of 3,141 counties overperformed by ranking in a better health outcomes quartile than their county's wealth alone would suggest. Regression analyses found that for each additional percentage point of total public spending that was allocated toward community health care and public health, the odds of being an overperformer increased by 3.7%. Community wealth correlates with health, but not always. Population health outcomes in hundreds of counties overperform what would be expected given community wealth alone. These counties tend to invest more in community health care and public health spending and other social services. Although the level of a community's wealth is outside the control of practitioners, shifting the proportion of spending to certain social services may positively impact population health. Copyright © 2017 American Journal of Preventive Medicine. Published by Elsevier Inc. All rights reserved.

  17. Childhood family wealth and mental health in a national cohort of young adults

    Directory of Open Access Journals (Sweden)

    Félice Lê-Scherban

    2016-12-01

    Full Text Available Purpose: Mental health is critical to young adult health, as the onset of 75% of psychiatric disorders occurs by age 24 and psychiatric disorders early in life predict later behavioral health problems. Wealth may serve as a buffer against economic stressors. Family wealth may be particularly relevant for young adults by providing them with economic resources as they make educational decisions and move towards financial and social independence. Methods: We used prospectively collected data from 2060 young adults aged 18–27 in 2005–2011 from the Panel Study of Income Dynamics, a national cohort of US families. We examined associations between nonspecific psychological distress (measured with the K-6 scale and childhood average household wealth during ages 0–18 years (net worth in 2010 dollars. Results: In demographics-adjusted generalized estimating equation models, higher childhood wealth percentile was related to a lower prevalence of serious psychological distress: compared to lowest-quartile wealth, prevalence ratio (PR=0.52 (0.32–0.85 for 3rd quartile and PR=0.41 (0.24–0.68 for 4th quartile. The associations were attenuated slightly by adjustment for parent education and more so by adjustment for childhood household income percentile. Conclusions: Understanding the lifelong processes through which distinct aspects of socioeconomic status affect mental health can help us identify high-risk populations and take steps to minimize future disparities in mental illness. Keywords: USA, Mental health, Health disparities, Socioeconomic status, Young adults, Life course, Wealth, Multigenerational

  18. Greater post-Neolithic wealth disparities in Eurasia than in North America and Mesoamerica.

    Science.gov (United States)

    Kohler, Timothy A; Smith, Michael E; Bogaard, Amy; Feinman, Gary M; Peterson, Christian E; Betzenhauser, Alleen; Pailes, Matthew; Stone, Elizabeth C; Marie Prentiss, Anna; Dennehy, Timothy J; Ellyson, Laura J; Nicholas, Linda M; Faulseit, Ronald K; Styring, Amy; Whitlam, Jade; Fochesato, Mattia; Foor, Thomas A; Bowles, Samuel

    2017-11-30

    How wealth is distributed among households provides insight into the fundamental characters of societies and the opportunities they afford for social mobility. However, economic inequality has been hard to study in ancient societies for which we do not have written records, which adds to the challenge of placing current wealth disparities into a long-term perspective. Although various archaeological proxies for wealth, such as burial goods or exotic or expensive-to-manufacture goods in household assemblages, have been proposed, the first is not clearly connected with households, and the second is confounded by abandonment mode and other factors. As a result, numerous questions remain concerning the growth of wealth disparities, including their connection to the development of domesticated plants and animals and to increases in sociopolitical scale. Here we show that wealth disparities generally increased with the domestication of plants and animals and with increased sociopolitical scale, using Gini coefficients computed over the single consistent proxy of house-size distributions. However, unexpected differences in the responses of societies to these factors in North America and Mesoamerica, and in Eurasia, became evident after the end of the Neolithic period. We argue that the generally higher wealth disparities identified in post-Neolithic Eurasia were initially due to the greater availability of large mammals that could be domesticated, because they allowed more profitable agricultural extensification, and also eventually led to the development of a mounted warrior elite able to expand polities (political units that cohere via identity, ability to mobilize resources, or governance) to sizes that were not possible in North America and Mesoamerica before the arrival of Europeans. We anticipate that this analysis will stimulate other work to enlarge this sample to include societies in South America, Africa, South Asia and Oceania that were under-sampled or not

  19. The Effect of Wealth Shocks on Loss Aversion: Behavior and Neural Correlates

    Directory of Open Access Journals (Sweden)

    V. S. Chandrasekhar Pammi

    2017-04-01

    Full Text Available Kahneman and Tversky (1979 first demonstrated that when individuals decide whether or not to accept a gamble, potential losses receive more weight than possible gains in the decision. This phenomenon is referred to as loss aversion. We investigated how loss aversion in risky financial decisions is influenced by sudden changes to wealth, employing both behavioral and neurobiological measures. We implemented an fMRI experimental paradigm, based on that employed by Tom et al. (2007. There are two treatments, called RANDOM and CONTINGENT. In RANDOM, the baseline setting, the changes to wealth, referred to as wealth shocks in economics, are independent of the actual choices participants make. Under CONTINGENT, we induce the belief that the changes in income are a consequence of subjects' own decisions. The magnitudes and sequence of the shocks to wealth are identical between the CONTINGENT and RANDOM treatments. We investigated whether more loss aversion existed in one treatment than another. The behavioral results showed significantly greater loss aversion in CONTINGENT compared to RANDOM after a negative wealth shock. No differences were observed in the response to positive shocks. The fMRI results revealed a neural loss aversion network, comprising the bilateral striatum, amygdala and dorsal anterior cingulate cortex that was common to the CONTINGENT and RANDOM tasks. However, the ventral prefrontal cortex, primary somatosensory cortex and superior occipital cortex, showed greater activation in response to a negative change in wealth due to individual's own decisions than when the change was exogenous. These results indicate that striatum activation correlates with loss aversion independently of the source of the shock, and that the ventral prefrontal cortex (vPFC codes the experimental manipulation of agency in one's actions influencing loss aversion.

  20. The Effect of Wealth Shocks on Loss Aversion: Behavior and Neural Correlates.

    Science.gov (United States)

    Pammi, V S Chandrasekhar; Ruiz, Sergio; Lee, Sangkyun; Noussair, Charles N; Sitaram, Ranganatha

    2017-01-01

    Kahneman and Tversky (1979) first demonstrated that when individuals decide whether or not to accept a gamble, potential losses receive more weight than possible gains in the decision. This phenomenon is referred to as loss aversion. We investigated how loss aversion in risky financial decisions is influenced by sudden changes to wealth, employing both behavioral and neurobiological measures. We implemented an fMRI experimental paradigm, based on that employed by Tom et al. (2007). There are two treatments, called RANDOM and CONTINGENT. In RANDOM, the baseline setting, the changes to wealth, referred to as wealth shocks in economics, are independent of the actual choices participants make. Under CONTINGENT, we induce the belief that the changes in income are a consequence of subjects' own decisions. The magnitudes and sequence of the shocks to wealth are identical between the CONTINGENT and RANDOM treatments. We investigated whether more loss aversion existed in one treatment than another. The behavioral results showed significantly greater loss aversion in CONTINGENT compared to RANDOM after a negative wealth shock. No differences were observed in the response to positive shocks. The fMRI results revealed a neural loss aversion network, comprising the bilateral striatum, amygdala and dorsal anterior cingulate cortex that was common to the CONTINGENT and RANDOM tasks. However, the ventral prefrontal cortex, primary somatosensory cortex and superior occipital cortex, showed greater activation in response to a negative change in wealth due to individual's own decisions than when the change was exogenous. These results indicate that striatum activation correlates with loss aversion independently of the source of the shock, and that the ventral prefrontal cortex (vPFC) codes the experimental manipulation of agency in one's actions influencing loss aversion.

  1. 'Mind the Gap!'

    DEFF Research Database (Denmark)

    Persson, Karl Gunnar

    This paper challenges the widely held view that sharply falling real transport costs closed the transatlantic gap in grain prices in the second half of the 19th century. Several new results emerge from an analysis of a new data set of weekly wheat prices and freight costs from New York to UK...... markets. Firstly, there was a decline in the transatlantic price gap but it was not sharp and the gap remained substantial. Secondly, the fall in the transatlantic price differential had more to do with improved market and marketing efficiency than with falling transport costs. Thirdly, spurious price...

  2. Whites Aren't Bad, Asian Americans Are Just Better: Asymmetrical Attributions for the White-Asian American Achievement Gap

    Science.gov (United States)

    Sperling, Rick; Zwahr-Castro, Jennifer; Cruz, Felicia; Montalvo, Jason

    2017-01-01

    Previous research has shown that people often engage in cultural-deficit thinking when reasoning about racial/ethnic achievement gaps. However, it is unclear whether culture-blaming explanations are best thought of as group-level internal attributions, expressions of prejudice against a lower status group, or self-serving bias. In this study,…

  3. Climatic Warmth and National Wealth: Some Culture-Level Determinants of National Character Stereotypes.

    Science.gov (United States)

    McCrae, Robert R; Terracciano, Antonio; Realo, Anu; Allik, Jüri

    2007-12-01

    National character stereotypes are widely shared, but do not reflect assessed levels of personality traits. In this article we present data illustrating the divergence of stereotypes and assessed personality traits in north and south Italy, test hypotheses about the associations of temperature and national wealth with national character stereotypes in 49 cultures, and explore possible links to national values and beliefs. Results suggest that warmth and wealth are common determinants of national stereotypes, but that there are also idiosyncratic influences on the perceptions of individual nations.

  4. Interaction between Education and Household Wealth on the Risk of Obesity in Women in Egypt

    Science.gov (United States)

    Aitsi-Selmi, Amina; Chandola, Tarani; Friel, Sharon; Nouraei, Reza; Shipley, Martin J.; Marmot, Michael G.

    2012-01-01

    Background Obesity is a growing problem in lower income countries particularly among women. There are few studies exploring individual socioeconomic status indicators in depth. This study examines the interaction of education and wealth in relation to obesity, hypothesising that education protects against the obesogenic effect of wealth. Methods Four datasets of women of reproductive age from the Egyptian Demographic and Health Surveys spanning the period 1992–2008 are used to examine two distinct time periods: 1992/95 (N = 11097) and 2005/08 (N = 23178). The association in the two time periods between education level and household wealth in relation to the odds of being obese is examined, and the interaction between the two socioeconomic indicators investigated. Estimates are adjusted for age group and area of residence. Results An interaction was found between the association of education and wealth with obesity in both time periods (P-value for interaction wealth quintile was associated with a 78% increase in the odds of obesity in 1992/95 (OR; 95%CI: 1.78; 1.65,1.91) and a 33% increase in 2005/08 (OR; 95%CI: 1.33; 1.26,1.39). For women with the highest level of education, there was little evidence of an association between wealth and obesity (OR; 95%CI: 0.82; 0.57,1.16 in 1992/95 and 0.95; 0.84,1.08 in 2005/08). Obesity levels increased most in women who were in the no/primary education, poorest wealth quintile and rural groups (absolute difference in prevalence percentage points between the two time periods: 20.2, 20.1, and 21.3 respectively). Conclusion In the present study, wealth appears to be a risk factor for obesity in women with lower education levels, while women with higher education are protected. The findings also suggest that a reversal in the social distribution of obesity risk is occurring which can be explained by the large increase in obesity levels in lower socioeconomic groups between the two time periods. PMID:22761807

  5. Changes in wealth distribution in Italy (2002-2012 and who gained from the Great Recession

    Directory of Open Access Journals (Sweden)

    Ignazio Drudi

    2017-06-01

    Full Text Available The aim of the paper is to analyze changes in families’ assets between 2002 and 2012; to measure changes in the degree of inequality; and to identify which social groups (or classes have gained from these changes, using the decomposition procedure of the Gini concentration ratio proposed by Dagum (1997. The paper introduces two important methodological innovations. First, the definition of household wealth employed here is net wealth minus the value of the household’s home (if owned. Second, we develop a new method for computing the Gini coefficient in presence of negative values, and for decomposing it. JEL Classification: D10, D31

  6. Wealth and Health Behavior: Testing the Concept of a Health Cost.

    Science.gov (United States)

    van Kippersluis, Hans; Galama, Titus J

    2014-11-01

    Wealthier individuals engage in healthier behavior. This paper seeks to explain this phenomenon by exploiting both inheritances and lottery winnings to test a theory of health behavior. We distinguish between the direct monetary cost and the indirect health cost (value of health lost) of unhealthy consumption. The health cost increases with wealth and the degree of unhealthiness, leading wealthier individuals to consume more healthy and moderately unhealthy, but fewer severely unhealthy goods. The empirical evidence presented suggests that differences in health costs may indeed partially explain behavioral differences, and ultimately health outcomes, between wealth groups.

  7. Adam Smith's conceptual contributions to international economics: Based on the Wealth of Nations

    OpenAIRE

    Ismail Kucukaksoy

    2011-01-01

    The 1776 dated "Wealth of Nations" work of Adam Smith has formed economic dimension of the Industrial Revolution and also transformed economics into the identity of a social science. As if the wealth of nations, namely the welfare increase became the top goal two and a half centuries ago, it is the top goal today and in the future as well. So understanding Smith's works well carries importance in fighting against poverty in the world. According to Smith, in the basis of the welfare increases ...

  8. The Relation of Racial Identity, Ethnic Identity, and Racial Socialization to Discrimination-Distress: A Meta-Analysis of Black Americans

    Science.gov (United States)

    Lee, Debbiesiu L.; Ahn, Soyeon

    2013-01-01

    This meta-analysis synthesized the results of 27 studies examining the relations of racial identity, ethnic identity, and racial socialization to discrimination-distress for Black Americans. The purpose was to uncover which constructs connected to racial identity, ethnic identity, and racial socialization most strongly correlate with racial…

  9. The Racial Hauntings of One Black Male Professor and the Disturbance of the Self(ves): Self-Actualization and Racial Storytelling as Pedagogical Practices

    Science.gov (United States)

    Johnson, Lamar L.

    2017-01-01

    Through a series of racialized stories, I illustrate the familial knowledge, racial hauntings, and educational experiences that forge(d) the beginning and the continuing of my racial identity as a Black male. To examine these stories, I employ racial storytelling as a theoretical, methodological, curricular, and pedagogical tool to assist me in a…

  10. CIEEM Skills Gap Project

    OpenAIRE

    Bartlett, Deborah

    2017-01-01

    This paper describes the research conducted for the Chartered Institute for Ecology and Environmental Management to identify skills gaps within the profession. It involved surveys of professionals, conference workshops and an investigation into the views of employers regarding graduate recruitment.

  11. Wide-Gap Chalcopyrites

    CERN Document Server

    Siebentritt, Susanne

    2006-01-01

    Chalcopyrites, in particular those with a wide band gap, are fascinating materials in terms of their technological potential in the next generation of thin-film solar cells and in terms of their basic material properties. They exhibit uniquely low defect formation energies, leading to unusual doping and phase behavior and to extremely benign grain boundaries. This book collects articles on a number of those basic material properties of wide-gap chalcopyrites, comparing them to their low-gap cousins. They explore the doping of the materials, the electronic structure and the transport through interfaces and grain boundaries, the formation of the electric field in a solar cell, the mechanisms and suppression of recombination, the role of inhomogeneities, and the technological role of wide-gap chalcopyrites.

  12. Gender-Pay-Gap

    OpenAIRE

    Eicker, Jannis

    2017-01-01

    Der Gender-Pay-Gap ist eine statistische Kennzahl zur Messung der Ungleichheit zwischen Männern* und Frauen* beim Verdienst. Es gibt zwei Versionen: einen "unbereinigten" und einen "bereinigten". Der "unbereinigte" Gender-Pay-Gap berechnet den geschlechtsspezifischen Verdienstunterschied auf Basis der Bruttostundenlöhne aller Männer* und Frauen* der Grundgesamtheit. Beim "bereinigten" Wert hingegen werden je nach Studie verschiedene Faktoren wie Branche, Position und Berufserfahrung herausger...

  13. The Gender Pay Gap

    OpenAIRE

    Alan Manning

    2006-01-01

    Empirical research on gender pay gaps has traditionally focused on the role of gender-specific factors, particularly gender differences in qualifications and differences in the treatment of otherwise equally qualified male and female workers (i.e., labor market discrimination). This paper explores the determinants of the gender pay gap and argues for the importance of an additional factor, wage structure, the array of prices set for labor market skills and the rewards received for employment ...

  14. Estimating the mental health costs of racial discrimination

    Directory of Open Access Journals (Sweden)

    Amanuel Elias

    2016-11-01

    Full Text Available Abstract Background Racial discrimination is a pervasive social problem in several advanced countries such as the U.S., U.K., and Australia. Public health research also indicates a range of associations between exposure to racial discrimination and negative health, particularly, mental health including depression, anxiety, and post-traumatic stress disorder (PTSD. However, the direct negative health impact of racial discrimination has not been costed so far although economists have previously estimated indirect non-health related productivity costs. In this study, we estimate the burden of disease due to exposure to racial discrimination and measure the cost of this exposure. Methods Using prevalence surveys and data on the association of racial discrimination with health outcomes from a global meta-analysis, we apply a cost of illness method to measure the impact of racial discrimination. This estimate indicates the direct health cost attributable to racial discrimination and we convert the estimates to monetary values based on conventional parameters. Results Racial discrimination costs the Australian economy 235,452 in disability adjusted life years lost, equivalent to $37.9 billion per annum, roughly 3.02% of annual gross domestic product (GDP over 2001–11, indicating a sizeable loss for the economy. Conclusion Substantial cost is incurred due to increased prevalence of racial discrimination as a result of its association with negative health outcomes (e.g. depression, anxiety and PTSD. This implies that potentially significant cost savings can be made through measures that target racial discrimination. Our research contributes to the debate on the social impact of racial discrimination, with implications for policies and efforts addressing it.

  15. Racial and Ethnic Minority Graduate Student Experiences with Racial Microaggressions in CACREP-Accredited Programs

    Science.gov (United States)

    Michael-Makri, Stella

    2010-01-01

    Scholars have suggested that racism has not disappeared but has undergone a transformation into new subtle or symbolic forms. Since university life is a microcosm of United States society. racial prejudice can be found in most colleges and universities. The literature reveals three subtle forms of racism: modern racism, symbolic racism, and…

  16. Barrios, ghettos, and residential racial composition: Examining the racial makeup of neighborhood profiles and their relationship to self-rated health.

    Science.gov (United States)

    Booth, Jaime M; Teixeira, Samantha; Zuberi, Anita; Wallace, John M

    2018-01-01

    Racial/ethnic disparities in self-rated health persist and according to the social determinants of health framework, may be partially explained by residential context. The relationship between neighborhood factors and self-rated health has been examined in isolation but a more holistic approach is needed to understand how these factors may cluster together and how these neighborhood typologies relate to health. To address this gap, we conducted a latent profile analysis using data from the Chicago Community Adult Health Study (CCAHS; N = 2969 respondents in 342 neighborhood clusters) to identify neighborhood profiles, examined differences in neighborhood characteristics among the identified typologies and tested their relationship to self-rated health. Results indicated four distinct classes of neighborhoods that vary significantly on most neighborhood-level social determinants of health and can be defined by racial/ethnic composition and class. Residents in Hispanic, majority black disadvantaged, and majority black non-poor neighborhoods all had significantly poorer self-rated health when compared to majority white neighborhoods. The difference between black non-poor and white neighborhoods in self-rated health was not significant when controlling for individual race/ethnicity. The results indicate that neighborhood factors do cluster by race and class of the neighborhood and that this clustering is related to poorer self-rated health. Copyright © 2017. Published by Elsevier Inc.

  17. The Role of Residential Segregation in Explaining Racial Gaps in Childhood and Adolescent Obesity

    Science.gov (United States)

    Ryabov, Igor

    2018-01-01

    The present study used nationally representative data from the U.S. Panel Study of Income Dynamics (PSID) merged with census-track data from the American Community Survey (ACS) to model race-ethnic disparities in overweight, obesity, and obesity-related disease among children and adolescents as a function of neighborhood race-ethnic segregation,…

  18. Gap length distributions by PEPR

    International Nuclear Information System (INIS)

    Warszawer, T.N.

    1980-01-01

    Conditions guaranteeing exponential gap length distributions are formulated and discussed. Exponential gap length distributions of bubble chamber tracks first obtained on a CRT device are presented. Distributions of resulting average gap lengths and their velocity dependence are discussed. (orig.)

  19. Poverty Is Low Consumption and Low Wealth, Not Just Low Income

    Science.gov (United States)

    Headey, Bruce

    2008-01-01

    The purpose of this paper is to suggest an improved measure of financial poverty, based on household consumption and wealth as well as income. Data come from the Household, Income and Labour Dynamics Australia (HILDA) Survey, which appears to be the first national socio-economic panel survey to provide longitudinal data on all three measures of…

  20. Financial Position and House Price Determination : An Empirical Study of Income and Wealth Effects

    NARCIS (Netherlands)

    Steegmans, J.W.A.M.|info:eu-repo/dai/nl/377458708; Hassink, W.H.J.|info:eu-repo/dai/nl/090437411

    This paper examines the effect of the relative financial position of buyers and sellers on house prices, distinguishing between income and wealth effects. Using administrative data from the Netherlands (2006–2010) that combine transaction data, house characteristics, and household characteristics of

  1. Engaging the Community Cultural Wealth of Latino Immigrant Families in a Community-Based Program

    Science.gov (United States)

    Gil, Elizabeth

    2017-01-01

    The purpose of this qualitative case study utilizing ethnographic methods was to understand how family members' participation in Digital Home, a community-based technology program in an urban mid-sized Midwestern city, built on and fostered Latino immigrant families' community cultural wealth (Yosso, 2005) in order to increase their abilities to…

  2. Towards the Development of More Comprehensive Measures of School District Wealth.

    Science.gov (United States)

    Thornton, Robert J.

    The author tests several ways in which income can be added to property wealth to improve the measurement of school-district fiscal capacity. His first chapter discusses the economic and legal reasons for this improvement, notes that seven states already combine income and property, and distinguishes adding income and property together from…

  3. Topics in Finance Part I--Introduction and Stockholder Wealth Maximization

    Science.gov (United States)

    Laux, Judy

    2010-01-01

    The following article represents the first in a series dedicated to presenting students the opportunity to better understand the key theoretical constructs in the introductory financial management course. The current essay offers an introduction to the series and covers the topics of stockholder wealth maximization and its close cousin, agency…

  4. The Influence of Wealth, Transparency, and Democracy on the Number of Top Ranked Universities

    Science.gov (United States)

    Jabnoun, Naceur

    2015-01-01

    Purpose: This paper aims to explore the influence of wealth, transparency and democracy on the number of universities per million people ranked among the top 300 and 500. The highly ranked universities in the world tend to be concentrated in a few countries. Design/Methodology/Approach: ANOVA was used to test the differences between the two groups…

  5. Do housing wealth and tenure (change) moderate the relationship between divorce and subjective wellbeing

    NARCIS (Netherlands)

    André, S.C.H.; Dewilde, C.L.; Muffels, R.J.A.

    2017-01-01

    Homeownership, as a storage for housing wealth, is believed to play an increasingly important role in terms of welfare provision. However, homeownership does not always act as a nest-egg, it can be a source of financial anxiety as well. In this paper we investigate how homeownership and housing

  6. The history of wealth concept and ways to achieve it for sustainable development

    Directory of Open Access Journals (Sweden)

    O. A. Kalchenko

    2016-01-01

    Full Text Available The evolution of well-known philosophers and economists views on wealth is considered: Voltaire, Adam Smith, JeanJacques Rousseau, Karl Marx, John Stuart Mill, Milton Friedman, John Maynard Keynes, Joseph Schumpeter, Georg von Wallwitz and others. Economics was initially studying ways and means of achieving wealth. The essence of wealth has changed dramatically in people's minds after the first and the second industrial revolutions. The world today is on the verge of the third industrial revolution (according to Jeremy Rifkin, or, as it is called by many scientists, the new tenor of technology. In the history of any civilization comes the moment of a radical direction change for new prospects or endangered. Not all civilizations were able to transform in time. However, in the past, the effects of civilizations collapse were limited in time, space, and never addressed the species. Currently, the high probability of temperature and planet geochemistry changes as a result of climate change can lead to mass extinction of animals, plants, and people. Humanity has the ability to transit into a stable post-carbon era in the middle of the century and to prevent catastrophic climate change. Currently, sustainable development is the mechanism used to achieve the ultimate goal of any country, enterprise and human development, which is wealth. Under controlled sustainable development we understand the system unity of not only economic, social, environmental, but also resource, technological, institutional activities, as well as a permanent interaction between development and economic safety.

  7. Problematizing Socioemotional Wealth in Family Firms : A Systems-Theoretical Reframing

    NARCIS (Netherlands)

    Hasenzagl, Rupert; Hatak, Isabella; Frank, Hermann

    2018-01-01

    The concept of socioemotional wealth (SEW) seeks to present an independent paradigmatic basis for family-firm research, and in doing so aims to establish a sound basis for the scientific legitimacy of family-firm research. Establishing that legitimacy requires scholars to demonstrate that SEW is

  8. Wealth and poverty in European rural societies from the Sixteenth to Nineteenth century

    NARCIS (Netherlands)

    Schuurman, A.J.; Broad, J.

    2014-01-01

    This book sheds new light on old problems of wealth, poverty and material culture in rural societies. Much of the debate has concentrated on north-west Europe and the Atlantic world. This volume widens the geographic range to compare less well known areas, with case studies on the Mediterranean

  9. Avoiding an uncertain catastrophe: Climate change mitigation under risk and wealth heterogeneity

    Science.gov (United States)

    Thomas C. Brown; Stephan Kroll

    2017-01-01

    For environmental problems such as climate change, uncertainty about future conditions makes it difficult to know what the goal of mitigation efforts should be, and inequality among the affected parties makes it hard for them to know how much they each should do toward reaching the goal. We examine the effects of scientific uncertainty and wealth inequality in...

  10. Sovereign wealth fund investments and the need to undertake socially responsible investment

    OpenAIRE

    Yin, Wei

    2017-01-01

    There is an increasing consensus that, beyond financial returns, investors should also consider the environmental and social impacts of their business activities. Major institutional investors currently are entering the realm of socially responsible investment (SRI), which incorporates environmental, social, and governance (ESG) factors into decision-making based on internationally recognized standards and principles. As influential institutional investors, sovereign wealth funds ...

  11. Wealth from Health: an incentive program for disease and population management: a 12-year project.

    Science.gov (United States)

    Ratner, D; Louria, D; Sheffet, A; Fain, R; Curran, J; Saed, N; Bhaskar, S; Quereshi, M; Cable, G

    2001-01-01

    The future of healthcare is linked with its ability to face the challenges of consumerism. Disease and population management will represent the dominant style of healthcare delivery in the future. This article describes the Wealth from Health programs which utilize current and future technologies to help the healthcare system become a leader in healthcare delivery and to assist many communities at an affordable cost.

  12. Shareholder Wealth Effects of European Domestic and Cross-Border Takeover Bids

    NARCIS (Netherlands)

    Goergen, M.; Renneboog, L.D.R.

    2002-01-01

    In this paper, we analyse the short-term wealth effects of large (intra)European takeover bids.We find large announcement effects of 9% for target firms and a cumulative abnormal return that includes the price run-up over the two-month period prior to the announcement date of 23%.However, the share

  13. Financial Literacy, Schooling, and Wealth Accumulation. NBER Working Paper No. 16452

    Science.gov (United States)

    Behrman, Jere R.; Mitchell, Olivia S.; Soo, Cindy; Bravo, David

    2010-01-01

    Financial literacy and schooling attainment have been linked to household wealth accumulation. Yet prior findings may be biased due to noisy measures of financial literacy and schooling, as well as unobserved factors such as ability, intelligence, and motivation that could enhance financial literacy and schooling but also directly affect wealth…

  14. In Pursuit of Success: Latino Male College Students Exercising Academic Determination and Community Cultural Wealth

    Science.gov (United States)

    Pérez, David, II

    2017-01-01

    Discourse about Latino male college students centers on their low enrollment, persistence, and graduation rates. Two asset-based theoretical frameworks were used to understand how 21 Latino males' academic determination was nurtured and sustained by cultural wealth at selective institutions. Although most participants entered college with unclear…

  15. 31 CFR 103.187 - Special measures against Myanmar Mayflower Bank and Asia Wealth Bank.

    Science.gov (United States)

    2010-07-01

    ... 31 Money and Finance: Treasury 1 2010-07-01 2010-07-01 false Special measures against Myanmar... measures against Myanmar Mayflower Bank and Asia Wealth Bank. (a) Definitions. For purposes of this section...) Myanmar Mayflower Bank means all headquarters, branches, and offices of Myanmar Mayflower Bank operating...

  16. Aspects of Orthogonality in the Development of the National Digital Wealth (NDW

    Directory of Open Access Journals (Sweden)

    Ion IVAN

    2014-01-01

    Full Text Available There are presented aspects of orthogonality in the development of the national digital wealth. There is presented the concept of NDW. Are identified quality characteristics. Are built orthogonality metrics for software development applications which are parts of NDW.

  17. Autocratic leadership around the globe - Do climate and wealth drive leadership culture?

    NARCIS (Netherlands)

    Van de Vliert, E.

    Common autocratic leader characteristics in a country's organizations are conceptualized here as cultural adaptations to noncultural components of the national environment, such as the harshness of cold or hot climate and the level of wealth. A secondary analysis of managerial survey data gathered

  18. The Relation Between Financial and Housing Wealth: Evidence from Dutch Households

    NARCIS (Netherlands)

    Hochguertel, S.; van Soest, A.

    2001-01-01

    We analyze households' joint investment decisions for financial wealth and homes. We use a bivariate censored regression model with endogenous switching. Fixed costs or transaction costs are captured by an unobserved nonzero censoring threshold. The model allows for spillover effects of a binding

  19. Sovereign Wealth Funds and Socially Responsible Investing: Do’s and Don’ts

    NARCIS (Netherlands)

    Zee, van der E.L.

    2012-01-01

    A sovereign wealth fund (SWF) is a long-term investment fund owned by the state. The oldest is the Kuwait Investment Corporation, which was established in 1953. However, because most SWFs were established in 2004 or later, SWFs are, generally speaking, a fairly new phenomenon. Depending on the

  20. "Venimos Para Que se Oiga la Voz": Activating Community Cultural Wealth as Parental Educational Leadership

    Science.gov (United States)

    Fernández, Erica; Paredes Scribner, Samantha M.

    2018-01-01

    This article expands a more inclusive parental engagement framework by broadening notions of educational leadership using an example of organizing actions of Latina parent leaders amid a hostile anti-immigrant climate within an urban elementary school. Researchers draw on Yosso's community cultural wealth framework to analyze how a Latinx parent…