Explaining the rising concentration of banking assets in the 1990s

In recent years, the nation's largest bank holding companies have sharply increased their market share of assets. Have these institutions achieved their dominance by expanding their existing subsidiaries or by merging with other bank holding companies? A study of industry data for 1990-99 suggests that the increased market share of the largest companies is attributable almost entirely to external growth through mergers and acquisitions.Bank assets ; Bank holding companies ; Bank mergers

Sources of Unreliable Testimony from Children

We distilled research findings on sources of unreliable testimony from children into four principles that capture how the field of forensic developmental psychology conceptualizes this topic. The studies selected to illustrate these principles address three major questions: (a) how do young children perform in eyewitness studies, (b) why are some children less accurate than others, and (c) what phenomena generate unreliable testimony? Throughout our research, our focus is on factors other than lying that produce inaccurate or seemingly inconsistent autobiographical reports.Collectively, this research has shown that (a) children’s eyewitness accuracy is highly dependent on context, (b) neurological immaturity makes children vulnerable to errors under some circumstances, and (c) some children are more swayed by external influences than others. Finally, the diversity of factors that can influence the reliability of children’s testimony dictates that (d) analyzing children’s testimony as if they were adults (i.e., with adult abilities, sensibilities, and motivations) will lead to frequent misunderstandings. It takes considerable knowledge of development—including information about developmental psycholinguistics, memory development, and the gradual emergence of cognitive control—to work with child witnesses and to analyze cases as there are many sources of unreliable testimony

Microstrip resonator for microwaves with controllable polarization

In this work the authors implemented a resonator based upon microstrip cavities that permits the generation of microwaves with arbitrary polarization. Design, simulation, and implementation of the resonators were performed using standard printed circuit boards. The electric field distribution was mapped using a scanning probe cavity perturbation technique. Electron spin resonance using a standard marker was carried out in order to verify the polarization control from linear to circular.Comment: 3 pages, 3 figures, submitted to Appl. Phys. Let

Trade liberalization, firm heterogeneity, and wages : new evidence from matched employer-employee data

In this paper, the authors use a linked employer-employee database from Brazil to examine the impact of trade reform on the wages of workers employed at heterogeneous firms. The analysis of the data at the firm-level confirms earlier findings of a differential positive effect of trade liberalization on the average wages at exporting firms relative to non-exporting firms. However, this analysis of average firm-level wages is incomplete along several dimensions. First, it cannot fully account for the impact of a change in trade barriers on workforce composition especially in terms of unobservable (time-invariant) characteristics of workers (innate ability) and any additional productivity that obtains in the context of employment in the specific firm (match specific ability). Furthermore, the firm-level analysis is undertaken under the assumption that the assignment of workers to firms is random. This ignores the sorting of worker into firms and leads to a bias in estimates of the differential impact of trade on workers at exporting firms relative to non-exporting firms. Using detailed information on worker and firm characteristics to control for compositional effects and using firm-worker match specific effects to account for the endogenous mobility of workers, the authors find the differential effect of trade openness on wages in exporting firms relative to domestic firms to be insignificant. Consistent with the models of Helpman, Itskhoki, and Redding (2010) and Davidson, Matusz and Schevchenko (2008), they also find that the workforce composition improves systematically in exporting firms in terms of innate (time invariant) worker ability and in terms the quality of the worker-firm matches.Labor Markets,Microfinance,Free Trade,Trade Policy,Economic Theory&Research

Wage Effects of Trade Reform with Endogenous Worker Mobility

In this paper, we use a linked employer–employee database from Brazil to evaluate the wage effects of trade reform. With an aggregate (firm-level) analysis of this question, we find that a decline in trade protection is associated with an increase in average wages in exporting firms relative to domestic firms, consistent with earlier studies. However, using disaggregated, employer-employee level data, and allowing for the endogenous assignment of workers to firms due to match-specific productivity, we find that the premium paid to workers at exporting firms is economically and statistically insignificant, as is the differential impact of trade openness on the wages of workers at exporting firms relative to otherwise identical workers at domestic firms. We also find that workforce composition improves systematically in exporting firms, in terms of the combination of worker ability and the quality of worker-firm matches, post-liberalization. These results stand in stark contrast to the findings reported in many earlier studies and underscore the importance of endogenous matching and, more generally, non-random labor market allocation mechanisms, in determining the effects of trade policy changes on wages.

The Experience of Victimization as the Result of Cyberbullying Among College Students: A study of Demographics, Self-Esteem, and Locus of Control

Cyberbullying is commonly defined as a deliberate and aggressive act that is committed using an electronic form of contact. It has been linked to negative emotional and mental well-being along with incidents of suicide. The current study looks at the prevalence rates of cyberbullying among college aged adults. It uses a survey method design to examine the correlation of cyberbullying with gender, age, race, socioeconomic status, self-esteem, and locus of control. The results indicated a relatively high report of cyberbullying incidents when compared to previous studies. A significant difference was obtained when cyberbullying incidents were evaluated based on the participant’s gender. A significant positive correlation was also found between cyberbullying victimization and high self-esteem. In the current study the majority of respondents who reported incidents of cyberbullying victimization were aware of the identity of their perpetrator