Public Perceptions of Income Inequality in Hong Kong: trends,causes and implications

This article examines the patterns and changes in public perceptions of domestic income inequality in Hong Kong in the past two decades and explains individual variations in these perceptions. It found that the perceived seriousness of income disparities had been persistently high, while the perceived unjustness of income disparities showed a fluctuating trend. Our findings lent partial support to the structural position thesis that the privileged groups are less likely than the underprivileged groups to consider existing income disparities to be serious and unjust. Nonetheless, the popular understanding of poverty is still biased towards ‘individual’ explanations, and this perhaps explains why the government is less willing to tackle the economic and political foundations of poverty in Hong Kong.     

The Five Cs Model of Positive Youth Development: A Longitudinal Analysis of Confirmatory Factor Structure and Measurement Invariance

The understanding of positive development across adolescence rests on having a valid and equivalent measure of this construct across the breadth of this period of life. Does the Positive Youth Development (PYD) construct based on the Five Cs model have satisfactory psychometric properties for such longitudinal measurement invariance? Using longitudinal data derived from the 4-H Study of PYD, we assessed 920 youth (61.6% female) from a racially and ethically diverse sample (67.3% European American) who participated in three waves (Grades 8–10) of data collection. Building on prior findings that the Five Cs (i.e., Competence, Confidence, Connection, Character, and Caring) model of PYD was a robust measure that could be assessed comparably during early adolescence, we tested a hierarchy of second-order confirmatory factor analysis models to assess the extent to which PYD can be measured equivalently across middle adolescence. Evidence was found for strict measurement invariance across three measurement occasions, including equivalence of first-order and second-order factor loadings, equality of intercepts of observed variables, and equality of item uniqueness and disturbances of the first-order factors. These results suggest that PYD can be measured in the same way across measurement occasions, a prerequisite for the study of development. Implications for research and application of being able to measure PYD equivalently across adolescence are discussed.     

Not All Housing GSEs Are Alike: An Analysis of the Federal Home Loan Bank System and the Foreclosure Crisis

While the financial crisis of 2008 ultimately affected the range of U.S. financial institutions, it began with practices in home ownership finance. The Federal Home Loan Bank (FHLBank) System was the first instrumentality created by the U.S. government, in 1932, to sustain affordable home ownership finance. In this article, the authors ask what role, if any, the FHLBanks played in the subprime lending and securitization practices that precipitated the current crisis. The authors analyze publicly available FHLBank financial data in terms of a framework focused on the System's assets: advances; mortgage loans acquired from members; and investments, particularly in mortgage-backed-securities. They conclude that the FHLBanks did not contribute significantly to problematic practices. Nonetheless, they recommend consideration of three reforms to the FHLBanks to ensure a return to effective regulation and responsible, affordable home ownership finance.     

Leviathan resists: the endogenous relationship between privatization and firm performance

Using a panel dataset of privatized cement firms in Turkey, this paper models and finds support for the simultaneous relationship between privatization and firm performance. It is found that favorable short-run performance, weak market potential, higher employment, lower socio-economic development, concentrated voter preferences, and weaker representation of right-wing parties in the firms’ locality delay the timing of privatization. The paper also finds that privatization increases output in the medium-term by reducing the labor stock and promoting the adoption of more advanced technology, such that production shifts from constant to decreasing returns to scale.     

Gender Differences in Political Knowledge: Distinguishing Characteristics-Based and Returns-Based Differences

This study assesses whether gender-based differences in political knowledge primarily result from differences in observable attributes or from differences in returns for otherwise equivalent characteristics. It applies a statistical decomposition methodology to data obtained from the 1992–2004 American National Election Studies. There is a consistent 10-point gender gap in measured political knowledge, of which approximately one-third is due to gender-based differences in the characteristics that predict political knowledge, with the remaining two-thirds due to male–female differences in the returns to these characteristics. The methodology identifies the relative contribution of the predictors of political knowledge to each portion of the gap, and then uses this information to elucidate the underlying sources of the political knowledge gender gap and its prognosis. Education is the characteristic that most clearly enlarges the gap, with men receiving significantly larger returns to political knowledge from education than women. Group membership reduces the gap as women obtain gains in political knowledge from belonging to organizations that do not accrue to men. However, these gains are not sufficient to significantly reduce the gap.

哈萨克斯坦和乌兹别克斯坦独立以来的转型战略:悖论和前景

自苏联解体以后,中亚地区成了国际社会瞩目的焦点.作为曾经的苏联国家的一部分,目前该地区充满矛盾.地区内的两个大国--哈萨克斯坦和乌兹别克斯坦选择了不同的发展战略,导致了有趣而充满分歧的结果.取得独立后,哈萨克斯坦选择开放它的经济,而乌兹别克斯坦政府则专注于政治稳定和完全协调发展的经济.1990年代早期,乌兹别克斯坦的策略看上去更合理且更少痛苦,而哈萨克斯坦在那时遭受了严重的经济衰退.然而,到了世纪之交,哈萨克斯坦的经济表现远远超过了它的邻国.本文的目的是分析和比较哈萨克斯坦和乌兹别克斯坦独立早期所选择的两种不同的转型战略,以及评价未来几年里这两种战略的前景和它们所隐含的意义.     

Comparing Sexual-Minority and Heterosexual Young Women’s Friends and Parents as Sources of Support for Sexual Issues

The present study provides a comparative analysis of sexual-minority and heterosexual emerging adult women’s experiences seeking support for sexual issues from parents and friends. Participants included 229 college women (88 sexual-minority women; 141 heterosexual women), ranging from 18 to 25 years of age, who provided written responses to an inquiry about a time they went to friends and parents for support for a issue related to their sexuality. Responses indicated that the majority of participants had sought support from either a parent or a friend and that mothers and female friends were more likely involved than fathers or male friends, respectively. Sexual issues that participants reported discussing with parents and friends were inductively grouped into five categories: dating and romantic relationships, sexual behavior, sexual health, identity negotiation, and discrimination and violence. Issues that were discussed differed based on sexual orientation identity and the source of support (parent or friend); they did not differ by age. Participants generally perceived parents and friends’ responses as helpful, though sexual-minority participants perceived both parents and friends’ responses as less helpful than did heterosexual participants. Overall, results suggest both similarities and differences between sexual-minority and heterosexual young women’s experiences seeking support for sexual issues from parents and friends.