1,065 research outputs found
Does The Financial Situation affect Cheating Behavior? An Investigation through Financial Literacy
No full textUsing Dutch data from the LISS Panel, we study the effect of financial situation, love of money and general trust on multiple dimensions of individuals’ dishonesty, namely benefits fraud, tax evasion, fare evasion and stealing property. We use two indices of financial literacy as instruments to deal with the potential endogeneity of financial situation. The financial situation significantly affects the propensity to engage in cheating related to shadow-economy activities; conversely, small-scale dishonesty is mainly influenced by personal characteristics such as attitudes towards risk aversion. We show that love of money might eventually cloud individuals’ ethical behavior, as it increases the acceptability of immoral conduct. As expected, being trusting negatively affects the propensity to cheat, probably because it enhances individuals’ social cooperation. Our results are useful to deepen our knowledge about the factors affecting cheating behavior and, consequently, think of ways to limit it
Dispositional optimism and stock investments
Full text linkThis paper analyses the relationship between dispositional optimism and stock investments. Data are drawn from the second wave of the Survey of Health, Ageing and Retirement in Europe. Dispositional optimism is found to be a relevant predictor of the ownership of stocks as well as of the share of gross financial wealth invested in this asset. The role of dispositional optimism is found to be stronger for risk tolerant agents and its relationship with the share of wealth invested in stocks varies with agents’ trust
The long-term effects of experienced macroeconomic shocks on wealth
Full text linkThis paper examines the long-term effects of experienced macro-economic shocks – defined as
multi-year peak-to-trough GDP declines of at least 10 percent – on the wealth distribution,
portfolio allocation, and risk attitudes of older individuals in Europe. We show that individuals
who have experienced more economic depression episodes have lower wealth in absolute
terms, a lower probability to invest in risky assets, and display higher risk aversion. When
analysing early investment decisions, we find that individuals hit by a depression substitute
risky investments with investment in housing, and that these early choices shape wealth in the
long-term
Unpacking the determinants of life satisfaction: A survey experiment
Full text linkWe present results of a survey experiment aimed at assessing context effects on reporting life satisfaction, exerted by raising awareness of fundamental life domains before eliciting overall life satisfaction, through questionnaire manipulations. Psychologists refer to similar context effects, generated by providing more details about the object of a subsequent evaluation, as ‘unpacking effects’. The longitudinal structure of our experimental design allows us to assess the effects of the questionnaire manipulation both between and within subject. In our sample of university students, asking subjects to report satisfaction with life domains before reporting overall satisfaction with life generates a robust unpacking effect, as it shifts upwards the subsequent mean overall life satisfaction evaluations. In addition, raising awareness about life domains significantly increases reliability and validity of self-reported life satisfaction, by reducing the dispersion of responses and increasing the association between life satisfaction and life domain evaluations. We also detect heterogeneous effects across subgroups of our sample—such as people with children or in bad health—and discuss implications of these findings for research on life satisfaction
The Edmonton Latvian Society Imanta
No full textScrapbook page: Includes a B&W photo of Ted & Viola Baker, descriptive history of Imanta in Alberta, Imanta's Mission and Purpose [1947], Updated Imanta Constitution of 2003, Goda Karte (Ted Baker Honourary and Lifetime member of Imanta)1.0 Imanta, 1.1.1 History of Imant
The viola, its foundation, role, and literature including an analysis of the twelve caprices by Lillian Fuchs
No full textDiscussion in this document is directed toward two main areas: Chapters two, three, and four are concerned with the development of the viola as a serious musical instrument in the orchestral, chamber, and solo genres. The history of the instrument is presented on a parallel track with that of the violin, showing how the viola is similar to, and differs from the violin, with respect to the size and most importantly, playing technique. An attempt is made to show that historically there has been a lack of understanding on the part of most pedagogues concerning the subtle differences in performance technique between violin and viola. This is accomplished by a comparison of methods and studies for both instruments from the Harmonie Universelle of Mersenne through the development of the French School, including Kreutzer, Rode, Gavinies, and others. Such comparison leads the author to state that there is little which actually acknowledges the differences between playing violin and viola.The author states that the main problems between the two instruments are mostly a matter of degree with regard to such techniques as extension, shifting, finger percussion, double-stop articulations, and bowing. Such discussion leads to the conclusion that there is a need for technical studies which will provide for this above-stated degree of difference, and put the "finishing touches" on the violist's playing technique.It is the opinion of this author that such technical studies are embodied in the form of Twelve Caprices for Viola by Lillian Fuchs. These caprices were written by Miss Fuchs to help her overcome performance problems with which she was faced.Part two of this dissertation is an analysis of the Twelve Caprices. In preparing this analysis the author approached the principal problems of each hand and addressed himself to the methods for surmounting each separate problem. Each caprice is methodically analyzed in some detail, avoiding redundancy by discussing only new techniques as they occur, and not restating problems which are the same in more than one caprice.Thesis (D.A.
Imanta
No full textImanta is a cultural support organization formed on March 8, 1947 in Edmonton, Alberta. Imanta was founded by Ted Baker and Latvian people previously established in Alberta. Ted Baker's wife Viola Baker, also supported Ted's belief in the value of a formal organization that would serve as a contact point for new Latvian immigrants. Imanta originally helped immigrants connect with other Latvians and settle in the province. Imanta has continued to remain a vital cultural part of Latvian society in Alberta. The Edmonton Latvian Society "Imanta" meets regularly, through many social and cultural gatherings and formal events. The Imanta resource network remains a vital part of Latvian society in Alberta today.Imanta 1.
The dynamics of home-ownership among the 50+ in Europe
Full text linkWe use life history data covering households in thirteen European countries to analyse residential moves past age 50. We observe four types of moves: renting to owning, owning to renting, trading up or trading down for home-owners. We find that in the younger group (aged 50-64) trading up and purchase decisions prevail; in the older group (65+), trading down and selling are more common. Overall, moves are rare, particularly in countries characterized by high transaction costs. Most moves are driven by changes in household composition (divorce, widowhood, nest-leaving by children), but economic factors play a role: low income households who are house-rich and cash-poor are more likely to sell their home late in life
Dispositional optimism and stock investments
Full text linkThis paper analyzes the relationship between dispositional optimism and stock investments, controlling for cognitive skills and personality traits such as trust, social interactions and risk aversion. We use data from the Survey of Health, Ageing and Retirement in Europe (SHARE) on investors aged 50+ in twelve European countries. Our results show that dispositional optimism and personality matter for financial decisions. Optimism is positively and significantly related to both the ownership of stocks and the share of gross financial wealth invested in these assets and its role is especially relevant for risk tolerant investors and investors with little trust in others
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