10,743 research outputs found

    Doing pedagogical research in engineering

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    Household Debt and Financial Assets: Evidence from Great Britain, Germany and the United States

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    We explore the determinants of debt and financial asset accumulation at the household level using survey data for Great Britain, Germany and the United States (US). Given that debt and assets are both components of a household’s financial portfolio, we explore the degree of inter-dependence between households’ assets and liabilities by jointly modelling these two aspects of the portfolio. Indeed, our empirical findings for both countries support a high degree of inter-dependence between debt and asset holding. Furthermore, the nature of this inter-dependence varies across income ranges and age groups with the weakest correlation between financial assets and debt being found for the lowest income groups in Great Britain, suggesting that such groups may be particularly vulnerable to adverse financial shocks. Evidence supporting inter-dependence between assets and debt no longer remains, however, once we focus on debtors which suggests that households in debt may potentially face difficulties following adverse changes in their financial situation.Debt; Financial Assets; Household Financial Portfolio; Random Effects; Tobit Estimator

    Religion and Education: Evidence from the National Child Development Study

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    In this paper, we explore the determinants of one aspect of religious behaviour – church attendance – at the individual level using British data derived from the National Child Development Study (NCDS). To be specific, we focus on the relationship between education and church attendance, which has attracted some attention in the existing literature. In contrast to the previous literature in this area, our data allows us to explore the dynamic dimension to religious activity since the NCDS provides information on church attendance at three stages of an individual’s life cycle. The findings from our cross-section and panel data analysis, which treats education as an endogenous variable, support a positive association between education and church attendance. In addition, our findings suggest that current participation in religious activities is positively associated with past religious activities. Furthermore, our findings suggest that levels of religious activity tend to vary less over time suggesting that factors such as habit formation may be important.Church Attendance; Education; Human Capital; Religion.

    Reservation Wages, Expected Wages and the Duration of Unemployment: Evidence from British Panel Data

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    In this paper we analyse the role of wage expectations in an empirical model of incomplete spells of unemployment and reservation wages. To be specific, we model the duration of unemployment, reservation wages and expected wages simultaneously for a sample of individuals who are not in work, where wage expectations are identified via an exogenous policy shock based upon the introduction of Working Family Tax Credits (WFTC) in the UK. The results from the empirical analysis, which is based on the British Household Panel Survey, suggest that WFTC eligibility served to increase expected wages and that expected wages are positively associated with reservation wages. In addition, incorporating wage expectations into the econometric framework was found to influence the magnitude of the key elasticities: namely the elasticity of unemployment duration with respect to the reservation wage and the elasticity of the reservation wage with respect to unemployment duration.unemployment duration, reservation wages, expected wages

    The Saving Behaviour of Children: Analysis of British Panel Data

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    We explore the influences on the saving behaviour of children aged 11 to 15 using panel data drawn from the British Household Panel Survey Youth Questionnaire. Our empirical findings suggest that parental allowances/pocket money exert a moderating influence on the probability that a child will save, whilst hours of paid work undertaken by the child are positively associated with the probability that a child will save. The saving behaviour of parents, however, does not appear to influence the saving behaviour of their offspring. In contrast, financial optimism on the part of parents does appear to lower the probability that their children will save. In addition, our empirical analysis reveals some interesting differences relating to the determinants of the saving behaviour of boys and girls as well as evidence of state dependence in the saving behaviour of children.household finances, intergenerational analysis, panel data, saving

    Wage Growth, Human Capital and Risk Preference: Evidence From The British Household Panel Survey

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    The aim of this paper is to explore how interpersonal variation in risk preference affects human capital investment and, hence, wage growth. To date, there has been a distinct lack of empirical research in this area despite the fact that the risk preference of individuals plays a key role in the theoretical models of human capital accumulation. We investigate the link between risk preference, human capital investment and wage growth using data from four waves of the British Household Panel Survey using a measure of the extent of risky financial assets held by individuals as a proxy for risk preference. We exploit panel data enabling us to determine the change in real wages experienced by individuals across three different time horizons, 1995-96, 1995-98 and 1995-2000. Our empirical specification is derived from a theoretical framework, which explicitly allows the risk preferences of individuals to influence human capital accumulation and, consequently, wage growth. Our findings suggest that risk-loving behaviour impacts positively on the returns to human capital investment thereby enhancing wage growth.Human capital; Risk Aversion; Wage Growth

    Connecting to Students: Launching Instant Messaging Reference at Binghamton University

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    Binghamton University Libraries implemented an IM reference service using the Trillian client to monitor multiple IM accounts at two distinct reference service points. This paper addresses the process and practical considerations of implementing the service including selection of the appropriate software, creation of IM accounts for each service, development of a staffing schedule, and training of reference staff. Also included is an outline of future plans for improving IM services for students and academic library users

    A Call to Action: An Integrated Approach to Youth Permanency and Preparation for Adulthood

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    Addresses the unique needs of adolescents in foster care, and highlights efforts to ensure that youth in the foster system benefit from the most strategic preparation and supports for entering adulthood

    The algebra of cell-zeta values

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    In this paper, we introduce cell-forms on M0,n\mathcal{M}_{0,n}, which are top-dimensional differential forms diverging along the boundary of exactly one cell (connected component) of the real moduli space M0,n(R)\mathcal{M}_{0,n}(\mathbb{R}). We show that the cell-forms generate the top-dimensional cohomology group of M0,n\mathcal{M}_{0,n}, so that there is a natural duality between cells and cell-forms. In the heart of the paper, we determine an explicit basis for the subspace of differential forms which converge along a given cell XX. The elements of this basis are called insertion forms, their integrals over XX are real numbers, called cell-zeta values, which generate a Q\mathbb{Q}-algebra called the cell-zeta algebra. By a result of F. Brown, the cell-zeta algebra is equal to the algebra of multizeta values. The cell-zeta values satisfy a family of simple quadratic relations coming from the geometry of moduli spaces, which leads to a natural definition of a formal version of the cell-zeta algebra, conjecturally isomorphic to the formal multizeta algebra defined by the much-studied double shuffle relations