Family Self-Sufficiency Program Outcomes for Participants Enrolling During and After the Great Recession

Utilizing administrative data from the Family Self-Sufficiency (FSS) Program operated by the Denver Housing Authority, four program outcomes, (a) savings and escrow growth, (b) credit and debt reduction, (c) employment and earnings, and (d) positive exits from subsidized housing, are examined to assess if any differences exist between participants ( n = 424) who enrolled during or after the Great Recession. Propensity score matching with replacement was employed to match FSS enrollees. Compared to post-Great Recession enrollees, results suggest that enrollees entering the program during the Great Recession were more likely to reduce their monthly contractual debt and derogatory debt, increase monthly earned income, and remain in the FSS Program longer. Findings suggest that attaining participant financial capability goals is possible during severe economic shocks and may provide vulnerable families with additional capacity to weather such shocks.

Strategic Formulation and Implementation of Social Entrepreneurs

This chapter explores the theory and practice of strategy that social entrepreneurs deploy to run their ventures in a sustainable way. A critical link between strategy and practice of social enterprise is discussed in detail in this chapter. The chapter focuses only on the strategic management framework and adapts it to include business analytical tools that social entrepreneurs use such as TOC, ABCD, Forms of Capital, SROI, etc. Social entrepreneurs run businesses to generate earned income and reinvest profits back into the business for a social purpose rather than for personal gain like an entrepreneur. Social enterprises include and mean different things to different people, they include a spectrum of trading organisations, such as cooperative societies; charities involved in a trading activity like charity shops; civic enterprises set up by local governments; credit unions and microcredit organisation run by social entrepreneurs. SE missions and characteristics enable them to be very attractive to the public and stakeholders.

The Long-Run Effects of Recessions on Education and Income

This paper examines the long-run effects of the 1980–1982 recession on education and income. Using confidential census data, I estimate difference-in-difference regressions that exploit variation across counties in recession severity and across cohorts in age at the time of the recession. For individuals age 0–10 in 1979, a 10 percent decrease in earnings per capita in their county of birth reduces four-year college degree attainment by 15 percent and earnings in adulthood by 5 percent. Simple calculations suggest that in aggregate, the 1980–1982 recession led to 1.3–2.8 million fewer college graduates and $66–$139 billion less earned income per year. (JEL E32, I21, I26, J24, J31)

Does the family affluence scale reflect actual parental earned income, level of education and occupational status? A validation study using register data in Sweden

Aim To examine the external validity of the Family Affluence Scale (FAS) among adolescents in Sweden by using register data for parental earned income, level of education and occupational status. Methods Data from the baseline (2015–2019) of the Study of Adolescence Resilience and Stress (STARS), comprising 2283 13-year-olds in the region of Västra Götaland, were used. The FAS III consists of six items: unshared bedroom, car ownership, computer/tablet ownership, dishwasher, number of bathrooms and number of holidays abroad. Register data regarding earned income, educational level and occupational status from Statistics Sweden (2014–2018) were linked to adolescents. In total, survey data were available for 2280 adolescents, and register data were available for 2258 mothers and 2204 fathers. Results Total parental earned income was moderately correlated with adolescents’ scoring on FAS (0.31 < r < 0.48, p < 0.001), depending on examination year. The low FAS group mainly comprised low-income households, and the high FAS group mainly comprised high-income households. Correlations between mothers’ and fathers’ educational level and adolescents’ scoring on FAS were low (r = 0.19 and r = 0.21, respectively, p < 0.001). FAS was higher among adolescents whose parents were working, but the correlation between parents’ occupational status and FAS was low (r = 0.22, p < 0.001). Conclusions The FAS can mainly identify low- and high-income households in Sweden. It may be used as an alternative measure of parental earned income in studies using self-reported socioeconomic status among adolescents.

The Effect of EITC Exposure in Childhood on Marriage and Early Childbearing

Using data from the Panel Study of Income Dynamics, this study analyzes the effect of exposure to the Earned Income Tax Credit (EITC) in childhood on marriage and childbearing in early adulthood. Results suggest that EITC exposure in childhood leads women to delay marriage and first births in early adulthood (ages 16–25), but has no effect on men. A $1,000 increase in EITC exposure in childhood leads to a 2%–3% decline in a woman's likelihood of having a first birth and a comparable decline in her likelihood of marrying by her early 20s. We find similar reductions in fertility among Black and White women, though marriage declines are concentrated among White women. Results are focused on children growing up in the bottom half of the income distribution and those who spent the majority of childhood residing with a single parent—two groups that are the primary beneficiaries of the EITC. These findings have important implications for the well-being of individuals exposed to the EITC in childhood, as well as their future children.

BUSINESS PLANNING AND PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN ANAMBRA STATE

The growing significance of SMEs cannot be overemphasized in view of its contributions to the economic growth of the State through employment. The major objective of this study is to establish the relationship between Business Planning and the Performance of SMEs in Anambra State. The specific objectives are: to examine the relationship between benchmarking and earned income of the operators of SMEs in Anambra State; to ascertain the relationship between brand identity and deduction for goods returned to SMEs operators in Anambra State and to determine the relationship between accuracy of the action plan and discounts in SMEs in Anambra State. The study was anchored on McClland’s theory of needs, goal setting theory, social and recognition theories. Three research questions and Hypotheses which are in line with the objectives guided the study. The study adopted survey research design. Both primary and secondary data were used to carry out the study. A five point Likert scale structured questionnaire was used in collecting data. A sample size of 400 was obtained through the use of Taro Yamane and Pearson’s Product Moment Correlation Coefficient was used to test the hypotheses. Findings from the test of hypotheses carried out indicates that there is a strong positive and significant relationship between benchmarking and earned income; that there is a significant relationship between brand identity and deductions for goods returned; finally, there is a significant positive relationship between accuracy of the action plan and discounts in SMEs. Since there is a positive strong relationship between decomposed variables of the independent and dependent variables then we concluded that business planning plays a crucial role in determining the performance of SMEs. The researcher recommends among others that every SMEs need to embrace business planning for effective performance.

The Effect of Mid-to-Long-Term Hospitalization on the Catastrophic Health Expenditure: Focusing on the Mediating Effect of Earned Income Loss

Background: Mid-to-long-term hospitalization (MLTH) can threaten the household economy with high medical costs and loss of income. Therefore, it could increase the catastrophic health expenditure (CHE), measured as the ratio of medical expenses to the ability to pay. This study aimed to determine the effect of MLTH on the incidence of CHE and the mediating effect of earned income reduction rate (EIRR). Methods: We used 2015 to 2017 data from the Korean Welfare Panel Study and selected households with earned income through work. The final samples were 1671 households in the database. This study applied three-step regression analyses for estimating mediation effects. Results: First, MLTH affected CHE increases; second, MLTH increased EIRR; third, both EIRR and MLTH increased CHE at the same time. Additionally, the bootstrapping results were 0.364 to 0.644 in the 95% confidence interval, which suggested that EIRR mediated the effects of MLTH on CHE. Conclusions: Previous studies have only focused on medical costs when interpreting CHE; however, it is also essential to recognize that the MLTH can have a negative effect on the EIRR. This study contributed to the literature by giving another insight into interpreting the cause of CHE, focusing on income loss factors.