Financial Expectations, Consumption and Saving: A Microeconomic Analysis

We explore the determinants of individuals´ financial expectations using data from the British Household Panel Survey (BHPS) 1991-2001. Our findings suggest that individuals´ financial predictions are influenced by both the life cycle and the business cycle. We also investigate the extent to which the accuracy of past financial expectations affects current financial expectations. Interestingly, only past financial optimism matters, regardless of the accuracy of the prediction. We also explore the relationship between financial realisations and expectations and we find that expectations tend to fall short of financial realisations. Finally, we investigate the relationship between financial expectations, savings and consumption. Our findings suggest that financial optimism is inversely associated with savings and that current financial expectations serve to predict future consumption

Expectations, reservation wages and employment: Evidence from British panel data

In this paper, we explore the relationship between expectations and reservation wages for a sample of unemployed individuals using panel data drawn from the British Household Panel Survey, 1996 to 2005. To be specific, we initially investigate the determinants of expectations relating to the individual´s financial situation and employment prospects over the next 12 months. Our findings suggest that job search and education are positively associated with financial optimism and confidence regarding future employment prospects. Conversely, the length of time out of employment and age are associated with pessimistic expectations. Propensity score matching techniques enable us to adopt a quasi experimental approach to ascertain how an individual´s expectations regarding their future financial situation as well as expectations regarding securing future employment influence the setting of reservation wages at the individual level. Optimism over future finances and future job prospects are associated with a higher reservation wage in both the matched and unmatched estimates. Furthermore, confidence over securing future employment is associated with a higher probability of actually gaining employment in the next period

Social Interaction and Intergenerational Skill Transfer

We explore the relationship between educational attainment and social interaction using individual level data from the British National Child Development Study. To be specific, we analyze whether an intergenerational aspect to this relationship exists by examining the relationship between the educational attainment of children and the degree of formal social activity undertaken by their parents. In accordance with the existing literature, our results support a positive association between education and social interaction. Furthermore, our results suggest that children´s scores in reading, mathematics and vocabulary tests are positively associated with the extent of their parents´ formal social interaction. This relationship is robust to controlling for the degree of intra-family based social interaction and the social activities of the child

Reservation Wages, Expected wages and the duration of Unemployment: evidence from British Panel data

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

Unauthorized Immigrants and Their U.S.-Born Children

Analyzes data on the number, age distribution, fertility, and family structure of legal and unauthorized immigrants and the percentage of their children among all U.S. children and of the U.S.-born and foreign-born among their children

Fresh start: a group-based intervention to promote physical activity among college freshman

Master of ScienceDepartment of KinesiologyEmily MaileyPhysical activity levels tend to decline as students transition from high school to college, and freshmen college women may be particularly susceptible to physical activity barriers. It is possible that providing physical activity resources and support via text messages could assist freshmen women in increasing their physical activity levels. The primary purpose of this study was to evaluate the effects of a mobile group-based intervention for freshmen female college students on physical activity and sedentary behavior. In addition, we examined intervention effects on social support, enjoyment, and stress in this population. Freshmen females (n=30) were recruited to participate in a 9-week intervention that involved wearing a physical activity monitor for three individual weeks (week 0, week 5, and week 9) and receiving tailored weekly messages via GroupMe. Participants were randomly assigned to groups of 6-7 participants, and each group was moderated by one research assistant. GroupMe discussions were specifically formatted to provide physical activity social support, promote physical activity enjoyment, enhance knowledge about benefits of physical activity, suggest ways to decrease sedentary behavior, and increase awareness of various physical activity resources on campus, such as the recreational center. Outcomes were assessed at baseline and post-intervention. Additionally, follow-up focus group sessions were conducted during the fall semester of the participants’ sophomore year to gain further feedback about the intervention. We hypothesized that students would demonstrate increases in physical activity, enjoyment, and social support, and decreases in sedentary behavior and stress after participating in the intervention. Results revealed no significant changes in physical activity or sedentary behavior based on objective data from the activPALs. A Wilcoxon Signed-Rank Test of self-reported physical activity and sedentary behavior (International Physical Activity Questionnaire) indicated increases in self-reported sitting time from baseline to post-intervention (Z=-2.654, p<0.008). There were no significant changes in enjoyment, social support, or stress from baseline to post-intervention. A total of 10 participants attended a follow-up focus group session. Key recommendations included incorporating more face to face interaction, a change of topics within the messages to focus on more nutrition and exercise and or guided exercises, and running the intervention during the fall semester rather than the spring. Aspects of the program that participants liked the best included the feedback of activity provided by the activPAL, the idea of using GroupMe for the program, and the length of the program. Overall, results did not align with our hypotheses, but the intervention results and feedback from participants will help with intervention refinement. Future studies should continue to seek creative ways to promote physical activity in this population, with an overall purpose of sustaining physical activity habits beyond the intervention