{"title":"The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families.","authors":"Miguel Quiñones, Tabitha Grier-Reed","doi":"10.1007/s10834-023-09913-z","DOIUrl":"10.1007/s10834-023-09913-z","url":null,"abstract":"<p><p>Tandas, the Mexican variation of lending circles, are an informal financial practice used among Mexican American communities. Tandas are an important asset in families' resource management strategies, yet the practice is largely unrecognized in the resource management literature and devalued by traditional financial institutions. A qualitative study was conducted to investigate tanda participation of twelve Mexican American individuals across the midwestern United States. This study aimed to develop a better understanding of participants' motivations to enter, the other financial management strategies employed by participants, and the tanda's significance to family resource management. Findings revealed that participants' motivations to participate in a tanda relate to financial accessibility and cultural preferences; participants utilize a range of complementary financial management strategies concurrently with the tanda; and participants perceived the tanda as conducive to their family's financial goals and well-being, despite acknowledging the risks associated with participation. Developing a better understanding of the tanda provides insights into the ways culture serves as a conduit through which family and individual goals are realized, financial capability is bolstered, and uncertainty wrought by economic and political contexts is reduced.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-11"},"PeriodicalIF":2.4,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10242226/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9713020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jason Jabbari, Haotian Zheng, Stephen Roll, Daniel Auguste, Oren Heller
{"title":"How Did Reskilling During the COVID-19 Pandemic Relate to Entrepreneurship and Optimism? Barriers, Opportunities, and Implications for Equity.","authors":"Jason Jabbari, Haotian Zheng, Stephen Roll, Daniel Auguste, Oren Heller","doi":"10.1007/s10834-023-09906-y","DOIUrl":"10.1007/s10834-023-09906-y","url":null,"abstract":"<p><p>With shorter durations and fewer barriers to entry, reskilling programs may serve as vehicles for social mobility and equity, as well as tools for creating a more adaptive workforce and inclusive economy. Nevertheless, much of the limited large-scale research on these types of programs was conducted prior to the COVID-19 pandemic. Thus, given the social and economic disruptions spurred by the pandemic, our ability to understand the impact of these types of programs in recent labor market conditions is limited. We fill this gap by leveraging three waves of a longitudinal household financial survey collected across all 50 US states during the pandemic. Through descriptive and inferential methods, we explore the sociodemographic characteristics related to reskilling and associated motivations, facilitators, and barriers, as well as the relationships between reskilling and measures of social mobility. We find that reskilling is positively related to entrepreneurship and, for Black respondents, to optimism. Moreover, we find that reskilling is not merely a tool for upward social mobility, but also economic stability. However, our results demonstrate that reskilling opportunities are stratified across race/ethnicity, gender, and socioeconomic status through both formal and informal mechanisms. We close with a discussion of implications for policy and practice.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-20"},"PeriodicalIF":2.4,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10230455/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9706589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Workplace Environmental Scan of Employed Carers During COVID-19.","authors":"Regina Ding, Jenny Ploeg, Allison Williams","doi":"10.1007/s10834-023-09898-9","DOIUrl":"10.1007/s10834-023-09898-9","url":null,"abstract":"<p><p>The carer-employee experience has undergone multiple shifts during the COVID-19 pandemic. This study seeks to understand how changes in the workplace as a result of the pandemic have impacted employed carers with their ability to perform both care obligations and paid work responsibilities. Using an online workplace-wide survey at a large Canadian firm, we conducted an environmental scan of: the current state of workplace supports and accommodations, supervisor attitudes, and carer-employee burden and health. Our findings demonstrate that while employees are generally in good health, care burden and time spent caregiving has been higher during COVID-19. Notably, employee presenteeism is higher during the pandemic than it was previously, with carer-employees experiencing significantly reduced levels of co-worker support. The most common workplace adaptation to COVID-19, work-from-home, was preferred by all employees as it allowed greater schedule control. However, this comes at the cost of reduced communications and sense of workplace culture, especially for carer-employees. We identified several actionable changes within the workplace, including: greater visibility of existing carer resources, and standardized training of managers on carer issues.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-24"},"PeriodicalIF":2.4,"publicationDate":"2023-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10208198/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9706584","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Poverty Reduction is Not the Whole Story: The COVID-19 Pandemic Response in Relation to Material Hardship.","authors":"Patrick Meehan, Trina Shanks","doi":"10.1007/s10834-023-09907-x","DOIUrl":"10.1007/s10834-023-09907-x","url":null,"abstract":"<p><p>As an absolute measure of deprivation poverty fails to capture the impact pandemic-related disruptions had on households. In this study, we use data from the Ypsilanti COVID-19 Study, a cross-sectional survey of 609 residents taken during the summer of 2020, to control for pandemic-related disruptions on bill-paying and food hardship. Using logistic regression models in which specific forms of bill-paying (i.e. late paying rent, late paying utilities) and food hardships (i.e. eating less over 7 days, worried food will run out) served as dependent variables, we find that disruptions to household finances, particularly job loss, significantly increased the likelihood of experiencing bill-paying and food hardship, respectively. Our study also controls for the type of hardship experienced to see which strategies households employed during the pandemic to exit material hardship. Through logistic regression models on methods of exiting material hardship, we find the type of hardship experienced was not predictive of applying for either SNAP or UI. Moreover, we find UI was less accessible to low-income individuals experiencing hardship. The findings from our study elaborate the relationship between pandemic-related disruptions and material hardship, and indicate to policymakers that preventing hardship in the first place is much more meaningful to households than attempting to use policy to bring households out of hardship once they experience it.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-12"},"PeriodicalIF":2.4,"publicationDate":"2023-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10186311/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9713022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Antonio L Pérez-Corral, Amélia Bastos, Sara Falcão Casaca
{"title":"Employment Insecurity and Material Deprivation in Families with Children in the Post-Great Recession Period: An Analysis for Spain and Portugal.","authors":"Antonio L Pérez-Corral, Amélia Bastos, Sara Falcão Casaca","doi":"10.1007/s10834-023-09905-z","DOIUrl":"10.1007/s10834-023-09905-z","url":null,"abstract":"<p><p>The aim of this paper is to analyse the relationship between household employment insecurity and the risk of children's exposure to household material deprivation in Spain and Portugal. Specifically, using EU-SILC microdata for 2012, 2016 and 2020, it examines how this relationship evolved during the Post-Great Recession period. Although in both countries there was an improvement in the employment situation of individuals and families after the Great Recession, the main findings reflect an increase in the risk of children's exposure to material deprivation in households where no adults have a secure job. However, there are some differences between the two countries. In the case of Spain, the results seem to indicate that the incidence of household employment insecurity on material deprivation was higher in 2016 and 2020 than in 2012. In Portugal, the increase in the effect of employment insecurity on deprivation seems to have occurred only in 2020, the year the Covid-19 pandemic began.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-14"},"PeriodicalIF":2.4,"publicationDate":"2023-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10183226/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9706583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Application of Family Stress Model to Investigating Adolescent Problematic Behaviors: The Moderating Role of Assets.","authors":"Jun-Hong Chen, Chieh-Hsun Huang, Chi-Fang Wu, Melissa Jonson-Reid, Brett Drake","doi":"10.1007/s10834-023-09902-2","DOIUrl":"10.1007/s10834-023-09902-2","url":null,"abstract":"<p><p>The Family Stress Model framework proposes that household income can influence child and youth development through caregiver psychological distress. While prior studies have observed stronger associations among households with lower income, the role of assets has been ignored. This is unfortunate, as many existing policies and practices that intend to improve child and family well-being are focused on assets. The purpose of this study is to clarify whether asset poverty moderates the direct and indirect effects of paths linking household income, caregiver psychological distress, and adolescent problematic behaviors. Using the 2017 and 2019 Panel Study of Income Dynamic Main Study and 2019 and 2020 Child Development Supplements, we find that the family stress processes consisting of household income, caregiver psychological distress, and adolescent problematic behaviors are less intensive for families with more assets. These findings not only add our knowledge of FSM by taking account the moderating role of assets but also advance our understanding that assets can benefit child and family well-being through alleviating family stress processes.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-10"},"PeriodicalIF":2.4,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10139908/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9706582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Intergenerational Transmission of Risk Preferences: Evidence from Field Experiments in China and Korea.","authors":"Bobae Hong, Kichang Kim, Yuxin Su","doi":"10.1007/s10834-023-09896-x","DOIUrl":"10.1007/s10834-023-09896-x","url":null,"abstract":"<p><p>In this study, we conduct field experiments with 196 worker-parent pairs from two companies in China and South Korea and explore factors that affect the similarity of risk preferences between parents and their offspring. In the Chinese data, we show more similar risk preferences between parents and their offspring when there are higher levels of parental involvement and financial parenting. In contrast, in the Korean data, a more demanding parenting style contributes to intergenerational transmission. These effects are mainly captured by the intergenerational transmission from Chinese mothers to their offspring and from Korean fathers to their offspring. In addition, we find that in our study, same-gender transmission contributes highly to intergenerational transmission, and the risk preferences of Chinese workers and their parents are more similar than those of Korean workers and their parents. We also discuss potential differences in the intergenerational transmission of risk preferences between China and Korea and Western countries. Our study provides a better understanding of the formation of individuals' risk preferences.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-23"},"PeriodicalIF":2.4,"publicationDate":"2023-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10091315/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9713023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Leonore Riitsalu, Rene Sulg, Henri Lindal, Marvi Remmik, Kristiina Vain
{"title":"From Security to Freedom- The Meaning of Financial Well-being Changes with Age.","authors":"Leonore Riitsalu, Rene Sulg, Henri Lindal, Marvi Remmik, Kristiina Vain","doi":"10.1007/s10834-023-09886-z","DOIUrl":"10.1007/s10834-023-09886-z","url":null,"abstract":"<p><p>Financial well-being is becoming more prominent in policy, research, and the financial sector. However, there is a lack of understanding of its meaning, and the vast majority of financial well-being research employs quantitative methods whereas recent literature reviews advocate for qualitative studies into the meaning of financial well-being and its associations with age. We contribute to that by conducting exploratory qualitative research into the phenomenon of perceived financial well-being and its components. It is based on three studies each of which used in-depth semi-structured interviews (<i>N</i> = 47). The first key finding is that youth perceive financial well-being to be comprised of three components: keeping the current lifestyle and making ends meet; achieving desired lifestyle; and achieving financial freedom. In contrast, older groups distinguish only two: keeping and achieving the lifestyle in the present and in the future. The second finding is that the definition of financial freedom differs across age groups. Young people aspire to become financially independent, while middle-aged individuals prioritize supporting their children, and older people are afraid of becoming a financial burden. Third, regardless of age, many do not plan, save or invest for securing their financial well-being. We conclude by proposing implications for increasing financial well-being in different age groups, and suggesting paths for further investigation.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-14"},"PeriodicalIF":2.4,"publicationDate":"2023-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9883609/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9279335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ioannis Laliotis, Mujaheed Shaikh, Charitini Stavropoulou, Dimitrios Kourouklis
{"title":"Retirement and Household Expenditure in Turbulent Times.","authors":"Ioannis Laliotis, Mujaheed Shaikh, Charitini Stavropoulou, Dimitrios Kourouklis","doi":"10.1007/s10834-022-09884-7","DOIUrl":"10.1007/s10834-022-09884-7","url":null,"abstract":"<p><p>We examine how expenditure changes at retirement during an institutionally and economically uncertain period when a series of pension reforms and cuts were implemented. Overall, we fail to confirm that consumption declines at retirement using data from Greece (2008-2018). Any estimated declines come from turbulent years when major pension cuts were applied. Expenditure drops at retirement were due to pension income shocks, especially for those who were particularly dependent on pension income. Further checks support the presence of an income shock mechanism for retirees who are relatively more treated during the crisis sub-period. Given an aging population and the ongoing global turbulence, our results offer valuable insights.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":" ","pages":"1-22"},"PeriodicalIF":2.3,"publicationDate":"2023-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9834685/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9148180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What Same-Sex Adoption Laws Can Tell Us About the Gender Wage Gap in the United States.","authors":"John Levendis, Aaron Lowen","doi":"10.1007/s10834-022-09835-2","DOIUrl":"https://doi.org/10.1007/s10834-022-09835-2","url":null,"abstract":"<p><p>Gender wage gaps are frequently explained as resulting from direct discrimination, employers' preferences over personality traits, and differing labor force attachment. We rely on a natural quasi-experiment using exogenous changes in state-level, same-sex adoption laws to distinguish between the competing explanations of the gender wage gap. Estimates from a differences-in-differences model show the wage gap between lesbians and heterosexual women shrank or inverted in those states which legalized adoption by same-sex couples. The wage gap did not change for men. This supports the parenthood hypothesis as a viable explanation for a portion of the gender wage gap.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":"44 2","pages":"473-489"},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8940587/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10294675","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}