The Impact of the Sharing Economy on Household Bankruptcy

MIS Quarterly ◽  
2021 ◽  
Vol 45 (3) ◽  
pp. 1213-1248
Author(s):  
Tingting Nian ◽  
◽  
Yuyuan (Anthony) Zhu ◽  
Vijay Gurbaxani ◽  
◽  
...  
Keyword(s):  
Temporal Variation ◽  
Consumer Credit ◽  
Digital Technologies ◽  
Sharing Economy ◽  
Personal Bankruptcy ◽  
The Past ◽  
Default Rates ◽  
Credit Default ◽  
The Impact ◽  
Bankruptcy Rate

Powered by digital technologies, many peer-to-peer platforms, or what is called the sharing economy, have emerged in the past decade. Although the impact of the sharing economy has received considerable attention over the past few years, extant research has not fully documented the impact of the sharing economy on consumers, workers, industry, or society as a whole. In this study, we exploit the geographical and temporal variation in Uber’s entry to examine its impact on the personal bankruptcy rate as well as on other consumer credit default rates. We empirically document the changes in personal bankruptcy filings after Uber’s entry, and show that personal bankruptcy filings under Chapter 7 experience a drop of 0.047 per 1,000 people after Uber enters a county, which translates to a 3.26% reduction in quarterly bankruptcy filings. Uber’s entry also leads to a reduction in Chapter 13 personal bankruptcy filings, but to a smaller degree (0.018 cases per 1,000 people per quarter). We check the validity of our estimates using business bankruptcy filings, which we find are uncorrelated with Uber’s entry.

scholarly journals Impact of digital technologies on the integration of labor migrants

2020 ◽  
Vol 217 ◽  
pp. 06001
Author(s):  
Irina Fedorova ◽  
Valery Potemkin
Keyword(s):  
Web Sites ◽  
Digital Technologies ◽  
Host Community ◽  
Host Society ◽  
Structured Interviews ◽  
Labor Migrants ◽  
The Past ◽  
Secondary Survey ◽  
The Impact ◽  
Or Applications

Over the past decade, migrants have become increasingly interconnected, and this is actively facilitated by the development of the global Internet and the availability of modern channels of communication, such as telephones with access to the network. The impact of digital technologies on the integration of migrants is still not well studied in Russia. The aim of the study is to analyse the impact of digital technologies on the integration of labor migrants into St. Petersburg host society. For the analysis, we used sociological methods: a series of semi- structured interviews with 23 labor migrants living in St. Petersburg, to identify the attitude of the host society (residents of St. Petersburg) to migrants we analyze of secondary survey data. The analysis of host community of St. Petersburg shows the contrariety in opinions. Only 37% citizens want migrants to integrate into society. During interviews, we found out that migrants are ready to accept digital ways for integration, such as special channels (groups) in social networks and applications for smartphones. 80% mentioned that they don`t know about any programs for integration or opportunities from local organizations. As for digital opportunities, we found out that migrants rarely use web sites. Migrants prefer using social media to specific digital tools, websites or applications. They prefer chatting in WhatsApp and use Vkontakte social network.

scholarly journals Two Approaches to Examine the Impact of Different Credit Default Indicators on Real Estate Loans

2019 ◽  
Vol 7 (1) ◽  
pp. 190-215
Author(s):  
Reimar Pfalz
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Secondary Data ◽  
Primary Data ◽  
Research Approach ◽  
The Great Depression ◽  
Default Rates ◽  
Credit Default ◽  
Macroeconomic Indicators ◽  
The Impact

Abstract Financing of real estates was a trigger of the largest financial crisis after the “Great Depression” from the early thirties in the last century. One of the main causes of this 2007 crisis was poor risk management in real estate financing. The aim of this paper is to examine the impact of different classes of indicators on credit default rates of real estate loans. Two research approaches should confirm a model that proves how strong the relationship is between different predictor variables such as interest rates, macroeconomic and individual indicators on the response variable of credit defaults. The first approach focuses on conducting descriptive and inferential experimental research by collecting secondary data in different markets and by analysing these data for correlations and linear regressions. The second approach is an expert survey of different banks to compare and complement the results of the first research approach. The research provides the evidence that individual indicators and macroeconomic indicators have a higher impact on credit defaults than interest rates. The scientific research on this theme has led to nearly the same results in different markets: the unemployment rate and thus personal conditions are the most responsible predictors for the credit defaults, also in different markets. The novelty of the present research is the proof that a banking survey with primary data on the causes of credit defaults confirms and complements the results of the secondary data analysis.

scholarly journals A Quantitative Theory of Information and Unsecured Credit

2012 ◽  
Vol 4 (3) ◽  
pp. 153-183 ◽  
Author(s):  
Kartik Athreya ◽  
Xuan S Tam ◽  
Eric R Young
Keyword(s):  
Interest Rates ◽  
Credit Ratings ◽  
Welfare Gains ◽  
Consumer Debt ◽  
Personal Bankruptcy ◽  
Household Level ◽  
The Past ◽  
Ex Ante ◽  
Theory Of Information ◽  
Bankruptcy Rate

Important changes have occurred in unsecured credit markets over the past three decades. Most prominently, there have been large increases in aggregate consumer debt, the personal bankruptcy rate, the size of bankruptcies, the dispersion of interest rates paid by borrowers, and the relative discount received by those with good credit ratings. We find that improvements in information available to lenders on household-level costs of bankruptcy can account for a significant fraction of what has been observed. The ex ante welfare gains from better information are positive but small. (JEL D14, D82, G21)

scholarly journals РЕАЛЬНІСТЬ ЯК ВИГАДКА? ПОНЯТТЯ “МЕТАМОДЕРНІЗМ” І “МЕТАМОДЕРН” В СУЧАСНОМУ КУЛЬТУРОЛОГІЧНОМУ І ЛІТЕРАТУРОЗНАВЧОМУ ДИСКУРСІ

2021 ◽  
pp. 152-164
Author(s):  
Ольга Бандровська
Keyword(s):  
New Media ◽  
20Th Century ◽  
21St Century ◽  
Cultural Change ◽  
Digital Technologies ◽  
Literary Text ◽  
David Foster Wallace ◽  
The Past ◽  
Literary Trend ◽  
The Impact

At the beginning of the 20th century, postmodernism has depleted its cultural and aesthetic potential, and as most critics agree, it has become a phenomenon of the past. Among the conceptions aimed at comprehending the impact of the new media and digital technologies, together with the trend towards globalization, digimodernism, automoderrnism, altermodernism, performatism, and metamodernism can be listed as the most conspicuous ones. Proceeding from the fact that metamodernism is a theoretically developed and strongly institutionalized conceptualization of both current cultural change and 21st-century fi ction, this paper focuses on its cultural and literary strategies. Primarily, the study aims to analyze the fundamentals of metamodernism elaborated in the works by Timotheus Vermeulen and Robin van den Akker and in metamodernist web manifestoes. To achieve this goal, such notions as a “structure of feeling” and “new sincerity” that refl ect an emerging cultural sensibility, along with the principle of the metamodernist oscillation between modernist and postmodernist modes, are highlighted. The claim that the Metamodern era replaces Postmodernity is also under investigation. In addition, the paper explores the main features of metamodernism in the works by David Foster Wallace, one of the most famous and infl uential US writers of his generation, a talented novelist and essayist. Application of nonlinear, rhizomatic structures at the narrative level, modeling of the reality according to the principle “what if this is true?”, and a combination of the principles of “new sincerity” and post-irony in Wallace’s novel “Infi nite Jest” are considered. The paper concludes that metamodernism as a literary trend of the recent decades suggests new fi ctional patterns of aesthetic innovations, primarily in returning multiple facets of reality into a literary text. Key words: metamodernism, Metamodern, postmodernism, Postmodern, “new sincerity”, “structure of feeling”, Vermeulen and van den Akker, “Notes on Metamodernism”, David Wallace, “Infi nite Jest”.

scholarly journals Key areas of modern research of the joint consumption economy

2020 ◽  
Vol 210 ◽  
pp. 13006
Author(s):  
Elena Platonova ◽  
Olga Fedotova ◽  
Vladimir Latun
Keyword(s):  
Digital Technologies ◽  
Sharing Economy ◽  
The Internet ◽  
Modern Economy ◽  
On Line ◽  
Dynamic Growth ◽  
Scopus Database ◽  
Individual Consumption ◽  
The Impact ◽  
Technological Platforms

That paper is motivated by the fact that the development of a joint consumption economy is one of the most significant trends in the modern economy. The object of the study is an array of publications indexed in Scopus and devoted to the analysis of the patterns of development a joint consumption economy (sharing economy) for the period from 2000 to 2019. The study shows a dynamic growth of the number of the publications describing the impact of new digital technologies and digital on-line technological platforms based on the Internet on fundamental changes in the field of individual consumption of households. The analysis of the content of publications of Russian and foreign authors indexed in Scopus database and Russian national bibliographic database (2000-2019) allowed the authors to identify at least the six key areas of modern research of a joint consumption economy. The paper considers each of the six key areas of a joint consumption economy. Authors has predicted the emergence of new areas of research of a joint consumption economy as new trends emerge in the field of individual consumption of modern households in the context of the constant progress of digital technologies.

scholarly journals What are the social and scientific benefits of participating at academic conferences? Insights from a survey among doctoral students and postdocs in Germany

2020 ◽  
Author(s):  
Kalle Hauss
Keyword(s):  
Doctoral Students ◽  
Digital Technologies ◽  
Shared Understanding ◽  
Qualitative And Quantitative ◽  
The Past ◽  
The Social ◽  
Financial Investments ◽  
The Impact ◽  
Made In ◽  
Academic Conferences

Abstract Academic conferences are global phenomena. As the coronavirus pandemic continues, many conferences now are being postponed or canceled. Usually, they bring together a complex network of academic and nonacademic professionals to discuss and disseminate new knowledge. The practice of ‘conferencing’ also includes activities that go far beyond the exchange of information. Conferences constitute social spaces where researchers encounter other researchers, establish new contacts, maintain old contacts, hold exploratory talks, and initiate collaborations. Academic conferences therefore can yield a plenitude of scientific and societal impacts. In the past, much progress has been made in measuring the impact of financial investments in science. There is, however, no shared understanding of how to measure the impact of academic conferences. Against the background of the time and money that is spent on both visiting and organizing conferences, it is important to understand the ways in which conferences generate impact. The coronavirus pandemic also shows that it is important to implement digital technologies like tools for virtual conferencing. This article uses qualitative and quantitative data to examine the conference activities of young scholars from German universities and to study how they profit from attending conferences. It is shown that conferences play a significant role in the qualification process. However, in terms of information and networking benefits, postdocs compared with doctoral students seem to profit more.

scholarly journals Impact of Digital Technologies on the Development of Modern Film Production and Television

2021 ◽  
Vol 13 (4) ◽  
Author(s):  
Zoya Alforova ◽  
◽  
Serhii Marchenko ◽  
Halyna Kot ◽  
Alla Medvedieva ◽  
...  
Keyword(s):  
Film Industry ◽  
Digital Technologies ◽  
Digital Age ◽  
The Past ◽  
Fixed Price ◽  
History Of ◽  
Streaming Services ◽  
Film Experience ◽  
The Impact ◽  
To Receive

The popularity of streaming services has been steadily growing over the past 5 years, and the number of subscribers is increasing. This study was conducted to find out how the popularisation of streaming services affects filmmaking. The history of cinema is inextricably linked with the development of technology. It should be noted that each new page in the history of the film industry began with the invention of new innovations. During the digital age, a rapid leap forward in the television and film industry was also inevitable. Digital cinema is a format that has virtually left film and analogue cinema technology behind. Each revolution in the film industry has been a new step towards providing audiences with a new experience and an even more vivid film experience. Streaming services are one of the innovations that have emerged thanks to the development of digital technologies. They allow viewers to receive content for a fixed price. Streaming guarantees quality and availability with minimal technical support. For this study, theoretical materials on the impact of digital technologies on changes in cinema were investigated. The study analyses data on changes in the audience of the most popular streaming services over the past 10 years. The results of the study showed that the increase in demand for streaming and online cinemas affects the audience’s requirements for the genres and format of cinema. To satisfy audiences, filmmakers are constantly modernising the industry. It can be concluded that the tastes of the audience are changing and the workers of the film industry should be guided by this. In the future, global and Ukrainian streaming services will be able to create original content that will meet the requirements of viewers.

Fluorescent potentiometric dyes for membrane-potential imaging

1994 ◽  
Vol 52 ◽  
pp. 166-167
Author(s):  
Leslie M. Loew
Keyword(s):  
Membrane Potential ◽  
Single Cells ◽  
Quantitative Imaging ◽  
Optical Recording ◽  
Biological Processes ◽  
Major Focus ◽  
The Past ◽  
Excitable Systems ◽  
Major Application ◽  
The Impact

A major application of potentiometric dyes has been the multisite optical recording of electrical activity in excitable systems. After being championed by L.B. Cohen and his colleagues for the past 20 years, the impact of this technology is rapidly being felt and is spreading to an increasing number of neuroscience laboratories. A second class of experiments involves using dyes to image membrane potential distributions in single cells by digital imaging microscopy - a major focus of this lab. These studies usually do not require the temporal resolution of multisite optical recording, being primarily focussed on slow cell biological processes, and therefore can achieve much higher spatial resolution. We have developed 2 methods for quantitative imaging of membrane potential. One method uses dual wavelength imaging of membrane-staining dyes and the other uses quantitative 3D imaging of a fluorescent lipophilic cation; the dyes used in each case were synthesized for this purpose in this laboratory.

Perceived Burden of Informal Caregivers of a Chronically Ill Older Family Member

GeroPsych ◽  
2011 ◽  
Vol 24 (3) ◽  
pp. 143-154 ◽  
Author(s):  
Elmar Gräßel ◽  
Raffaela Adabbo
Keyword(s):  
Family Member ◽  
Informal Caregiver ◽  
Chronically Ill ◽  
Stress Model ◽  
The Past ◽  
Perceived Burden ◽  
Hypothetical Construct ◽  
Care Situation ◽  
The Impact ◽  
Further Development

The burden of caregivers has been intensively researched for the past 30 years and has resulted in a multitude of individual findings. This review illustrates the significance of the hypothetical construct of perceived burden for the further development and design of the homecare situation. Following explanations regarding the term informal caregiver, we derive the construct burden from its conceptual association with the transactional stress model of Lazarus and Folkman. Once the extent and characteristics of burden have been set forth, we then present the impact of perceived burden as the care situation. The question of predictors of burden will lead into the last section from which implications can be derived for homecare and relief of caregivers.

Soziale Disziplinierung im flexiblen Kapitalismus

2004 ◽  
Vol 34 (136) ◽  
pp. 339-356
Author(s):  
Tobias Wölfle ◽  
Oliver Schöller
Keyword(s):  
Social Welfare ◽  
Second Step ◽  
Social Rights ◽  
Federal Law ◽  
Capitalist Development ◽  
The Core ◽  
The Past ◽  
The Impact ◽  
Municipal Level

Under the term “Hilfe zur Arbeit” (aid for work) the federal law of social welfare subsumes all kinds of labour disciplining instruments. First, the paper shows the historical connection of welfare and labour disciplining mechanisms in the context of different periods within capitalist development. In a second step, against the background of historical experiences, we will analyse the trends of “Hilfe zur Arbeit” during the past two decades. It will be shown that by the rise of unemployment, the impact of labour disciplining aspects of “Hilfe zur Arbeit” has increased both on the federal and on the municipal level. For this reason the leverage of the liberal paradigm would take place even in the core of social rights.

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