Competition and Selection in Municipal Bond Sales: Evidence from Missouri

This article describes the results of an interest cost analysis of local government debt issuance in the State of Missouri. In Missouri the vast majority of municipal bonds are sold on a “no bid” basis. We discuss the theoretical arguments for and against competition and selection. Then we determine the degree to which cost differences exist while correcting for any potential selection bias. We use data on local government general obligation bonds sold from May 2004 to May 2005 provided by the Missouri State Auditor's office. We find that this substantial lack of competition imposes significant costs on Missouri governments.     

The impact of child support enforcement policy on nonmarital childbearing

The interaction of welfare and child support regulations has created a situation in which child support policy's incentives that discourage unwed fatherhood tend to be stronger than its incentives that encourage unwed motherhood. This suggests that more stringent child support enforcement creates incentives that reduce the likelihood of nonmarital childbearing, particularly among women with a significant chance of needing public assistance in the event of a nonmarital birth and their male partners. We investigate this hypothesis with a sample of women from the Panel Study of Income Dynamics, to which we add information on state child support enforcement. We examine childbearing behavior between the ages of 15 and 44 before marriage and during periods of non‐marriage following divorce or widowhood. The estimates indicate that women living in states with more effective child support enforcement are less likely to bear children when unmarried, especially if they are young, never‐married, or black. The findings suggest that improved child support enforcement may be a potent intervention for reducing nonmarital childbearing. © 2006 by the Association for Public Policy Analysis and Management.     

An Examination of Three Models of the Relationships between Parental Attachments and Adolescents’ Social Functioning and Depressive Symptoms

Three models of attachment relationships—the hierarchy model, the integrative model and the independent model—were compared in order to elucidate which best described the relationship between attachments to fathers versus mothers and its developmental consequences among 1,289 eighth grade students in Taiwan. These consequences included adolescents’ social support from family and friends, social expectations in peer interaction, self-worth, and depressive symptoms. The models can be summarized as follows: the hierarchy model assumes that paternal attachment is influenced by the level of maternal attachment; the integrative model assumes that the combined effects of secure attachments to mother and to father best predict the child’s development; and the independent model suggests that maternal and paternal attachments have differential influences on the child’s developmental outcomes. Our results indicate that the independent model best describes adolescents’ attachment relationships with parents and their subsequent developmental consequences. Moreover, gender differences were found in adolescent’s report of attachment to mother and father in relation with the outcome variables. Yih-Lan Liu is an associate professor at National Tsing-Hua University, Taiwan, R.O.C. She received her Ph.D degree 1996 from University of Texas at Austin, U.S.A. Her major research interests include parent-child interaction, attachment relationships, ego development and adolescent development and psychosocial adjustment.     

Feminism and the Flat Law Theory

This article examines two modalities of law, depicted spatially as the vertical and the horizontal. The intellectual background for seeing law in vertical and horizontal dimensions is to be found in much socio-legal scholarship. These approaches have challenged the modernist, legal positivist and essentially vertical view of law as a system of imperatives emanating from a hierarchically superior source such as a sovereign. In keeping with the socio-legal critical tradition, but approaching it from the perspective of legal philosophy, my aim is to address three matters. First, why is vertical law problematic for feminists? Second, what are the theoretical characteristics of law in its horizontal register? Third, how is an appreciation of this ‘flat’ law useful for feminist legal theory and practice? In particular, I consider the ways in which feminist legal theory operating in the horizontal dimension can transgress, without transcending, the vertically determined perimeters of the nation state.