scholarly journals Living with Reduced Income: An Analysis of Household Financial Vulnerability Under COVID-19

2021 ◽  
Author(s):  
Catarina Midões ◽  
Mateo Seré
Keyword(s):  
Average Length ◽  
Significant Risk ◽  
Employment Protection ◽  
Net Income ◽  
Financial Vulnerability ◽  
Income Differences ◽  
Support Measure ◽  
Income Shock ◽  
Using Data ◽  
The Eu

AbstractThe COVID-19 crisis has led to substantial reductions in earnings. We propose a new measure of financial vulnerability, computable through survey data, to determine whether households can withstand a certain income shock for a defined period of time. Using data from the ECB Household Finance and Consumption Survey (HFCS) we analyse financial vulnerability in seven EU countries. We find that, out of the 243 million individuals considered, 47 million are vulnerable to a three month long income shock (the average length of the first wave COVID-19 lockdown), i.e., they cannot afford food and housing expenses for three months without privately earned income. Differences across countries are stark. Individuals born outside the EU are especially likely to be vulnerable. Being younger, a single parent, and a woman are also statistically significant risk factors. Through a tax-benefit microsimulation exercise, we look into the COVID-19 employment protection benefits, the largest income support measure in the countries considered. Considering as our sample individuals in households where someone receives a salary, we derive household net income when employees are laid-off and awarded the COVID-19 employment protection benefits enacted. Our findings suggest that the employment protection schemes are extremely effective in reducing the number of vulnerable individuals. The relative importance of rent and mortgage suspensions, (likewise, widespread COVID-19 policies), in alleviating vulnerability, is highly country dependent.

scholarly journals The Role of Employment Protection during an Exogenous Shock to an Economy

2011 ◽  
Vol 11 (2) ◽  
pp. 1850225 ◽  
Author(s):  
Miki Malul ◽  
Mosi Rosenboim ◽  
Tal Shavit ◽  
Shlomo Yedidia Tarba
Keyword(s):  
Economic Crisis ◽  
Employment Protection ◽  
Exogenous Shock ◽  
Unemployment Rates ◽  
World Crisis ◽  
Automatic Stabilizer ◽  
Medium Level ◽  
Using Data ◽  
The Stability

This paper explores the role of employment protection when powerful external crises reduce demand for products. We first present a theoretical framework that shows that employment protection has a U-shaped effect on abnormal unemployment during a negative exogenous shock to an economy. Using data from the 33 OECD countries, we analyze how the level of employment protection affected the stability of unemployment rates during the recent global economic crisis. The results suggest that countries with an intermediate level of employment protection will have more stable unemployment rates during a world crisis. The policy implication of our paper is that countries should seek a medium level of employment protection that may act as an automatic stabilizer of the economy on the macro level.

scholarly journals THU0442 GOUT AND HEART FAILURE IN THE US: A NATIONAL PERSPECTIVE

2020 ◽  
Vol 79 (Suppl 1) ◽  
pp. 458.2-458
Author(s):  
G. Singh ◽  
M. Sehgal ◽  
A. Mithal
Keyword(s):  
Risk Factors ◽  
Heart Failure ◽  
Confidence Intervals ◽  
Burden Of Illness ◽  
Average Length ◽  
Private Insurance ◽  
Significant Risk ◽  
Case Fatality ◽  
The United States ◽  
The Us

Background:Heart failure (HF) is the eighth leading cause of death in the US, with a 38% increase in the number of deaths due to HF from 2011 to 2017 (1). Gout and hyperuricemia have previously been recognized as significant risk factors for heart failure (2), but there is little nationwide data on the clinical and economic consequences of these comorbidities.Objectives:To study heart failure hospitalizations in patients with gout in the United States (US) and estimate their clinical and economic impact.Methods:The Nationwide Inpatient Sample (NIS) is a stratified random sample of all US community hospitals. It is the only US national hospital database with information on all patients, regardless of payer, including persons covered by Medicare, Medicaid, private insurance, and the uninsured. We examined all inpatient hospitalizations in the NIS in 2017, the most recent year of available data, with a primary or secondary diagnosis of gout and heart failure. Over 69,800 ICD 10 diagnoses were collapsed into a smaller number of clinically meaningful categories, consistent with the CDC Clinical Classification Software.Results:There were 35.8 million all-cause hospitalizations in patients in the US in 2017. Of these, 351,735 hospitalizations occurred for acute and/or chronic heart failure in patients with gout. These patients had a mean age of 73.3 years (95% confidence intervals 73.1 – 73.5 years) and were more likely to be male (63.4%). The average length of hospitalization was 6.1 days (95% confidence intervals 6.0 to 6.2 days) with a case fatality rate of 3.5% (95% confidence intervals 3.4% – 3.7%). The average cost of each hospitalization was $63,992 (95% confidence intervals $61,908 - $66,075), with a total annual national cost estimate of $22.8 billion (95% confidence intervals $21.7 billion - $24.0 billion).Conclusion:While gout and hyperuricemia have long been recognized as potential risk factors for heart failure, the aging of the US population is projected to significantly increase the burden of illness and costs of care of these comorbidities (1). This calls for an increased awareness and management of serious co-morbid conditions in patients with gout.References:[1]Sidney, S., Go, A. S., Jaffe, M. G., Solomon, M. D., Ambrosy, A. P., & Rana, J. S. (2019). Association Between Aging of the US Population and Heart Disease Mortality From 2011 to 2017. JAMA Cardiology. doi:10.1001/jamacardio.2019.4187[2]Krishnan E. Gout and the risk for incident heart failure and systolic dysfunction. BMJ Open 2012;2:e000282.doi:10.1136/bmjopen-2011-000282Disclosure of Interests: :Gurkirpal Singh Grant/research support from: Horizon Therapeutics, Maanek Sehgal: None declared, Alka Mithal: None declared

scholarly journals Association between denture use, chewing ability, and all-cause mortality in middle-aged and older adults who exercised regularly in Korea

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Jong-Hwa Jang ◽  
Ji-Liang Kim ◽  
Jae-Hyun Kim
Keyword(s):  
Oral Health ◽  
Mortality Rate ◽  
Significant Risk ◽  
Subjective Health ◽  
Middle Aged ◽  
Masticatory Ability ◽  
Chewing Ability ◽  
All Cause Mortality ◽  
Using Data ◽  
Middle Aged Adults

AbstractHerein, using data from the Korean Longitudinal Study of Aging (2006–2018), we evaluated denture use and chewing ability to determine the status of oral health in middle-aged adults who exercised regularly; further, we investigated the relationship of oral health with all-cause mortality. From the basic survey conducted in 2006, we interviewed 10,254 participants who were followed up until death. The participants were grouped based on regular exercise into REG (n = 3921) and non-REG (n = 6290) groups. The mortality rate was higher in the non-REG group than in the REG group (35.8% versus 26.9%; p < 0.001). The mortality rate was higher in denture users (versus non-denture users), non-drinkers (versus alcohol drinkers), and those on medical aid (versus national health insurance). The mortality rate was higher in participants with poor masticatory ability, lower education level, and poor subjective health perception (p < 0.001). Denture use and masticatory discomfort were not significant risk factors for mortality in the non-REG group (p > 0.05). In conclusion, masticatory discomfort was a risk factor for increased mortality in middle-aged Korean adults who exercised regularly, at least once a week. Thus, assessment of masticatory ability could be a useful indicator of life expectancy in middle-aged adults.

scholarly journals Trade in Conflict Minerals -- Congolese Warlords, MNC’s, and Dodd-Frank 1502

Perceptions ◽  
2019 ◽  
Vol 5 (2) ◽  
Author(s):  
Ankit Deshmukh
Keyword(s):  
Supply Chain ◽  
Multinational Corporations ◽  
Primary Source ◽  
Market Prices ◽  
News Sources ◽  
Conflict Minerals ◽  
The Us ◽  
Face Threats ◽  
Using Data ◽  
The Eu

This paper seeks to provide an overview of conflict mineral trade by analyzing it through an economic lens. Using data gathered from news sources, the memo first defines the term “conflict minerals” and identifies that the primary actors involved in the conflict mineral market are rebel militia groups and multinational corporations. The trade is mutually beneficial for these actors as it serves as the primary source of revenue for militia groups and allows multinational corporations to buy minerals at low costs. The memo also highlights the struggles legitimate Congolese miners face, as they face threats from militia groups and low market prices Also identified is Section 1502 of the Dodd Frank act, legislation which forces multinational corporations to list their mineral suppliers, thereby increasing supply chain transparency. While implemented with good intentions, it is extremely unsuccessful in stifling the conflict mineral trade as it lacks substantive regulatory measures. Furthermore, the EU and US plan to implement opposing conflict mineral trade policies — the EU looks to increase supply chain transparency while the US looks to repeal Section 1502 of Dodd Frank (an action which would decrease supply chain transparency). This paper believes that coordinated and homogenous action on the part of both federal governments and IGOs is necessary in order to concretely enforce restrictions on conflict mineral trade.

scholarly journals Seabed litter distribution in the high seas of the Flemish Pass area (NW Atlantic)

2020 ◽  
Vol 84 (1) ◽  
pp. 93
Author(s):  
Ana García-Alegre ◽  
Esther Román-Marcote ◽  
Jesús Gago ◽  
Gonzalo González-Nuevo ◽  
Mar Sacau ◽  
...  
Keyword(s):  
Atlantic Ocean ◽  
Bottom Trawl ◽  
Northwest Atlantic ◽  
Marine Litter ◽  
Fishing Gears ◽  
National Jurisdiction ◽  
Baseline Information ◽  
Northeastern Flank ◽  
Using Data ◽  
The Eu

Seabed litter of the Flemish Pass area (NW Atlantic Ocean) was analysed and described using data from the EU-Spain groundfish survey (2006-2017 period). This study presents baseline information on seabed litter in this area. The Flemish Pass is located in areas beyond national jurisdiction within the Northwest Atlantic Fisheries Organization Regulatory Area Division 3L. A total of 1169 valid bottom trawl hauls were analysed (104-1478 m depth). Litter was found in 8.3% of the hauls, with mean densities of 1.4±0.2 items km–2 and 10.6±5.2 kg km–2. An increasing pattern with depth was found, the highest densities of seabed litter being identified in the deepest areas located in the Flemish Pass channel and down the northeastern flank of the Grand Bank. Fishing was found to be the main source of marine litter, and 61.9% of the hauls with litter presence showed litter included in the fisheries-related litter category. Whereas in most cases the litter was composed of small fragments of rope, in other cases it was composed of entire fishing gears such as traps. Plastics, metal and other anthropogenic litter were the next most abundant categories, accounting for 18.6%, 16.5% and 12.4% of the total, respectively.

Eine Gabe an St. Nimmerlein? - Zur zeitlichen Dimension der Schuldenbremse

2010 ◽  
Vol 11 (3) ◽  
pp. 246-259 ◽  
Author(s):  
Friedrich Heinemann
Keyword(s):  
Disposable Income ◽  
The European Union ◽  
Northern European ◽  
Current Economic Crisis ◽  
Automatic Stabilizer ◽  
The Us ◽  
Income Shock ◽  
Large Heterogeneity ◽  
Automatic Stabilizers ◽  
The Eu

AbstractThis paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We consider two scenarios: a proportional income shock and a shock on employment which increases the rate of unemployment.We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock is absorbed in the EU, compared to 34 per cent in the US. Under the assumption that only credit constrained households adjust current spending on consumption goods to current disposable income, the cushioning of disposable income leads to a demand stabilization of 26 to 35 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers in Eastern and Southern Europe are much lower than in Central and Northern European countries. With respect to income stabilization, Germany is above the European average for both scenarios. Demand stabilization in Germany is weaker because the number of liquidity constrained households is below the EU average.

Do Workers Accurately Perceive Gender Wage Discrimination?

ILR Review ◽  
1993 ◽  
Vol 47 (1) ◽  
pp. 36-49 ◽  
Author(s):  
Mary B. Hampton ◽  
John S. Heywood
Keyword(s):  
American Medical Association ◽  
Medical Association ◽  
American Medical ◽  
Gender Discrimination ◽  
Wage Discrimination ◽  
Strong Positive Correlation ◽  
Income Differences ◽  
Women’S Perceptions ◽  
Using Data ◽  
Young Physicians

Using data from a 1987 American Medical Association survey of young physicians, the authors investigate how accurately the women in the sample perceived the gender wage discrimination affecting them. Contrary to the conclusion of some studies that women inaccurately perceive gender discrimination against them, this study finds a strong, positive correlation between women's perceptions of the gender income differences they were experiencing and econometric estimates of those differences. The women in this sample accurately perceived gender wage discrimination, and built that perception into their judgment of the amount by which they were underpaid.

JAČANjE PRINCIPA NEUTRALNOSTI INTERNETA KROZ PRAKSU SUDA PRAVDE EU

2021 ◽  
Author(s):  
Sonja Lučić ◽  
Keyword(s):  
Internet Access ◽  
The Internet ◽  
Net Neutrality ◽  
Court Of Justice ◽  
Internet Neutrality ◽  
Using Data ◽  
Treat All ◽  
First Time ◽  
Access Services ◽  
The Eu

In Case C-807/18 the Court of Justice of the EU had the opportunity to interpret Regulation 2015/2120, which contains the principle of Internet Neutrality, for the first time. On this occasion, the Court took position that Internet providers must not favor certain applications and services for providing and using data on the Internet to the detriment of others. The principle of net neutrality existed even before the adoption of Regulation 2015/2120. This Regulation establishes measures concerning open access to the Internet. Namely, the Regulation sets rules aimed at ensuring equality and nondiscriminatory treatement of traffic, as well as protection of the rights of end users. The principle of net neutrality implies that all providers of internet access services will treat all traffic equally without discrimination, restriction or interference and regardless of the sender and recipient, the content accessed or distributed,

Immigration Policy from Post-War to Post-Brexit: How New Immigration Policy can Reconcile Public Attitudes and Employer Preferences

2019 ◽  
Vol 248 ◽  
pp. R5-R16
Author(s):  
Heather Rolfe ◽  
Johnny Runge ◽  
Nathan Hudson-Sharp
Keyword(s):  
Immigration Policy ◽  
Public Attitudes ◽  
White Paper ◽  
Policy Agenda ◽  
Home Office ◽  
Post War ◽  
Using Data ◽  
New Policies ◽  
Public Concerns ◽  
The Eu

As Britain prepares to leave the EU immigration policy has come to the top of the policy agenda. The Brexit vote was seen as a vote against free movement and new policies are aimed at introducing more restrictive controls. The report by the Migration Advisory Committee (MAC) in September 2018 recommended little new provision for low-skilled migration post-Brexit (MAC, 2018). This was then adopted by the Home Office in its Immigration White Paper, published in November 2018 (Home Affairs Committee, 2018). The White Paper explicitly references public concerns that migrant labour reduces opportunities for British workers and undermines their pay and conditions. Yet employers have argued that they need to be able to continue to recruit lower, as well as highly skilled labour because the supply of British workers is insufficient. The paper explores the likely impact of proposed restrictions on immigration post-Brexit, using data from NIESR studies of employers and of the general public. It combines an assessment of what is needed to meet the needs of employers, the economy and to address public concerns, finding that there is more consensus than there is often considered to be.

Awake Surgical Management of Third Ventricular Tumors: A Preliminary Safety, Feasibility, and Clinical Applications Study

2019 ◽  
Vol 17 (2) ◽  
pp. 208-226 ◽  
Author(s):  
Srikant S Chakravarthi ◽  
Amin B Kassam ◽  
Melanie B Fukui ◽  
Alejandro Monroy-Sosa ◽  
Nichelle Rothong ◽  
...  
Keyword(s):  
General Anesthesia ◽  
Average Length ◽  
Third Ventricle ◽  
Significant Risk ◽  
Significant Risk Factor ◽  
Cognitive Outcomes ◽  
Cognitive Changes ◽  
Average Length Of Stay ◽  
Intraoperative Management ◽  
Average Operative Time

AbstractBACKGROUNDEndoscopic and microneurosurgical approaches to third ventricular lesions are commonly performed under general anesthesia.OBJECTIVETo report our initial experience with awake transsulcal parafascicular corridor surgery (TPCS) of the third ventricle and its safety, feasibility, and limitations.METHODSA total of 12 cases are reviewed: 6 colloid cysts, 2 central neurocytomas, 1 papillary craniopharyngioma, 1 basal ganglia glioblastoma, 1 thalamic glioblastoma, and 1 ependymal cyst. Lesions were approached using TPCS through the superior frontal sulcus. Pre-, intra-, and postoperative neurocognitive (NC) testing were performed on all patients.RESULTSNo cases required conversion to general anesthesia. Awake anesthesia changed intraoperative management in 4/12 cases with intraoperative cognitive changes that required port re-positioning; 3/4 recovered. Average length of stay (LOS) was 6.1 d ± 6.6. Excluding 3 outliers who had preoperative NC impairment, the average LOS was 2.5 d ± 1.2. Average operative time was 3.00 h ± 0.44. Average awake anesthesia time was 5.05 h ± 0.54. There were no mortalities.CONCLUSIONThis report demonstrated the feasibility and safety of awake third ventricular surgery, and was not limited by pathology, size, or vascularity. The most significant factor impacting LOS was preoperative NC deficit. The most significant risk factor predicting a permanent NC deficit was preoperative 2/3 domain impairment combined with radiologic evidence of invasion of limbic structures – defined as a “NC resilience/reserve” in our surgical algorithm. Larger efficacy studies will be required to demonstrate the validity of the algorithm and impact on long-term cognitive outcomes, as well as generalizability of awake TPCS for third ventricular surgery.

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