scholarly journals Disability and Distress: The Effect of Disability Programs on Financial Outcomes

2021 ◽  
Vol 13 (2) ◽  
pp. 151-178
Author(s):  
Manasi Deshpande ◽  
Tal Gross ◽  
Yalun Su
Keyword(s):  
Waiting Time ◽  
Extreme Events ◽  
Financial Distress ◽  
Disability Benefit ◽  
Present Evidence ◽  
Financial Outcomes ◽  
Financial Events ◽  
The Relationship

What is the relationship between disability programs and financial distress? We provide the first evidence on this relationship using several markers of financial distress: bankruptcy, foreclosure, eviction, and home sale. Rates of these adverse financial events peak around the time of disability application. Using variation induced by an age-based eligibility rule, we find that disability allowance reduces the likelihood of bankruptcy by 20 percent, foreclosure by 33 percent, and home sale by 15 percent. We present evidence that these changes reflect true reductions in financial distress. Considering these extreme events increases the optimal disability benefit amount and suggests a shorter optimal waiting time between application and benefit receipt. (JEL G51, H55, J14)

scholarly journals Financial stability and local economic development: the experience of Italian labour market areas

2021 ◽  
Author(s):  
Cristian Barra ◽  
Roberto Zotti
Keyword(s):  
Economic Development ◽  
Labour Market ◽  
Financial Distress ◽  
Financial Stability ◽  
Local Economic Development ◽  
Banking System ◽  
Spatial Effects ◽  
Financial Conditions ◽  
Market Areas ◽  
The Relationship

AbstractRegulators should ensure the smooth functioning of the system and promote regional development. Making the health of financial institutions is therefore a prerequisite for a sustainable economic development. This paper contributes to the literature on the relationship between the financial stability and growth within the area of one country. This implies that institutional, legal, and cultural factors are more adequately controlled for and financial markets are more accurately bounded. Using a rich sample of Italian banks over the 2001–2012 period, this paper addresses whether different measures of financial distress affect economic development of labour market areas in Italy. Results show that the financial stability has a positive effect on local economic development, robust to alternative variables capturing financial vulnerability. The presence of spatial effects is tested showing that better financial conditions of the banking system in neighbouring areas have a detrimental effect on an area’s growth.

From Piggy Banks to Significant Others: Associations Between Financial Socialization and Romantic Relationship Flourishing in Emerging Adulthood

2021 ◽  
pp. 0192513X2110575
Author(s):  
Ashley B. LeBaron-Black ◽  
Matthew T. Saxey ◽  
Toby M. Driggs ◽  
Melissa A. Curran
Keyword(s):  
Emerging Adulthood ◽  
Emerging Adults ◽  
Financial Distress ◽  
Romantic Relationship ◽  
Well Being ◽  
Childhood And Adolescence ◽  
Financial Socialization ◽  
Financial Outcomes ◽  
Financial Behaviors ◽  
Relationship Outcomes

While a plethora of research has found that parent financial socialization during childhood and adolescence is linked with financial outcomes in emerging adulthood, recent literature suggests that financial socialization may also impact romantic relationship outcomes in emerging adulthood. Utilizing a sample of 1,950 U.S. emerging adults, we test whether retrospectively recalled parent financial socialization is associated with romantic relationship flourishing and whether this association is mediated by financial behaviors and financial distress. We found that financial socialization was positively associated with financial behaviors and relationship flourishing and was negatively associated with financial distress. Further, financial behaviors partially mediated the association between financial socialization and relationship flourishing, while financial distress did not mediate the association. Together with previous literature, these findings provide useful information for therapists and educators in their pursuit to promote robust parent financial socialization in childhood and adolescence and both financial and relational well-being in emerging adulthood.

Wired and Hired: Employment Effects of Subsidized Broadband Internet for Low-Income Americans

2021 ◽  
Vol 13 (3) ◽  
pp. 447-482
Author(s):  
George W. Zuo
Keyword(s):  
Low Income ◽  
Labor Market Outcomes ◽  
Market Outcomes ◽  
Broadband Internet ◽  
Present Evidence ◽  
Employment Effects ◽  
Local Program ◽  
Low Income Families ◽  
Employment Rates ◽  
The Relationship

I present evidence on the relationship between broadband pricing and labor market outcomes for low-income individuals. Specifically, I estimate the effects of a Comcast service providing discounted broadband to qualifying low-income families. I use a triple differences strategy exploiting geographic variation in Comcast coverage, individual variation in eligibility, and temporal variation pre- and postlaunch. Local program availability increased employment rates and earnings of eligible individuals, driven by greater labor force participation and decreased probability of unemployment. Internet use increased substantially where the program was available. (JEL I32, J22, J31, L82, L86)

scholarly journals Airline Financial Distress and Customer Satisfaction

2011 ◽  
Vol 48 (1) ◽  
Author(s):  
Dina Ribbink ◽  
Christian Hofer ◽  
Martin Dresner
Keyword(s):  
Customer Service ◽  
Airline Industry ◽  
Financial Distress ◽  
Service Levels ◽  
The Third ◽  
Time Performance ◽  
Using Data ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

An investigation is conducted on the effect of financial distress on customer service levels in the U.S. airline industry. Using data from the first quarter of 1998 to the third quarter of 2006, we employ a seemingly unrelated regressions (SUR) model to analyze the impact of financial distress on three measures of customer service. We find that higher financial distress is associated with better on-time performance of airlines and fewer lost bags. The relationship of airline financial distress to the number of bumped customers, however, is insignificant.

scholarly journals AUSTRALIAN HOTEL ORGANISATIONS AND THEIR PRE AND MID COVID-19 ORGANISATIONAL RESILIENCE

2021 ◽  
Author(s):  
Kathleen Pittello ◽  
◽  
Kartik Malik ◽  
Abhishek Pandya ◽  
Sai Sireesha Gunturi ◽  
...  
Keyword(s):  
Qualitative Research ◽  
Hotel Industry ◽  
Research Approach ◽  
Financial Outcomes ◽  
Global Pandemic ◽  
Hotel Sector ◽  
The Relationship ◽  
Operations Managers

This study focuses on the Australian hotel organisation and their organisational resilience (O.R.) during the Covid-19 pandemic. Its objectives are to leverage the “Hotel Resilience model” developed by MeliánAlzola et al. (2020) and the Benchmark Resilience Tool to gain indications of the level of O.R of the Australian hotel sector, to determine the relationship between the hotel O.R. indicators and the financial outcomes and to document O.R. related tactics and strategies implemented in the Australian hotel industry during the Global pandemic. By adopting a qualitative research approach using experts’ interviews with 10 hotels general or operations managers, the study found that there was no formal awareness of or adoption of formal O.R. frameworks within the participating hotels nor was there any indication of an appetite for the implementation of any O.R. frameworks, also as a result of lack of data, the study was unable to determine a link between O.R. indicators and financial outcomes.

scholarly journals Decomposition of M/M/1 With Unreliable Service and a Working Vacation

2020 ◽  
Vol 9 (1) ◽  
pp. 63
Author(s):  
Joshua Patterson ◽  
Andrzej Korzeniowski
Keyword(s):  
Closed Form ◽  
Failure Rate ◽  
Waiting Time ◽  
Queue Length ◽  
Service Failure ◽  
Working Vacation ◽  
Stationary Queue Length ◽  
Stationary Waiting Time ◽  
Relationship Of ◽  
The Relationship

We use the stationary distribution for the M/M/1 with Unreliable Service and aWorking Vacation (M/M/1/US/WV) given explicitly in (Patterson & Korzeniowski, 2019) to find a decomposition of the stationary queue length N. By applying the distributional form of Little's Law the Laplace-tieltjes Transform of the stationary customer waiting time W is derived. The closed form of the expected value and variance for both N and W is found and the relationship of the expected stationary waiting time as a function of the service failure rate is determined.

Bounded Rationality in Strategic Decisions: Undershooting in a Resource Pool-Choice Dilemma

2021 ◽  
Author(s):  
Christopher K. Hsee ◽  
Ying Zeng ◽  
Xilin Li ◽  
Alex Imas
Keyword(s):  
Bounded Rationality ◽  
Real World ◽  
Coordination Games ◽  
Strategic Thinking ◽  
Strategic Decisions ◽  
Random Choice ◽  
Present Evidence ◽  
Knowing That ◽  
Job Opportunities ◽  
The Relationship

This research studies a resource pool-choice dilemma, in which a group of resource seekers independently choose between a larger pool containing more resources and a smaller pool containing fewer resources, knowing that the resources in each pool will be divided equally among its choosers, so that the more (fewer) people choose a certain pool, the fewer (more) resources each of them will get. This setting corresponds to many real-world situations, ranging from students choosing majors as a function of job opportunities to entrepreneurs choosing markets as a function of customer bases. Ten studies reveal a systematic undershooting bias: fewer people choose the larger pool relative to both the normative equilibrium benchmark and chance (random choice), thus advantaging those who choose the larger pool and disadvantaging those who choose the smaller pool. We present evidence showing that the undershooting bias is driven by bounded rationality in strategic thinking and discuss the relationship between our paradigm and other coordination games. This paper was accepted by Yuval Rottenstreich, decision analysis.

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