Suchergebnisse

"Conclusions ; Soapbox." ; In the April 2011 issue of Investment Advisor, we featured an article asking "Does the Federal Government have a future in annuities?" The article described a plan put forth by professors Terrance Odean at the University of California, and Henry Hu at the University of Texas for government-sponsored annuities. The following is a letter in response to that article.

AbstractThe strict anti‐contagion measures at the start of the COVID‐19 pandemic implemented by the US governments led to surges in the unemployment rate. Earlier studies have brought to light the association between job loss and mental disorders, as well as the link between financial hardship and mental health. Yet the mechanisms responsible for these relationships remain fragmentary and the specific role of pandemic‐induced job loss within this mechanism is unexplored. Addressing this gap, our study examines the mediating effect of financial hardship on the link between pandemic‐induced job loss and mental health during the COVID‐19 crisis and how income moderates this mediation. Findings show that respondents experienced elevated mental disorders primarily through the direct non‐financial aspect of pandemic‐induced job loss. Low‐income respondents suffered relatively more indirectly through financial hardship, while high‐income respondents were relatively more affected by the non‐financial aspects of job loss. Moreover, low‐income respondents showed higher resilience against mental disorders due to pandemic‐induced job loss. Our findings provide important implications for theory, policy, and practice in addressing the mental health impact of job loss during national crisis such as the COVID‐19 pandemic.

Preprint. ; In response to the COVID-19 pandemic, restrictions on economic activities have resulted in a sharp rise of unemployment. The purpose of this research is to explore mental disorders associated with COVID-19 related unemployment using a large, nationally representative dataset, the 2020 COVID-19 Household Pulse Survey. ANOVA with post hoc tests (Tukey HSD) are utilized to reveal the mean difference of mental disorders between various employment status, as well as between reasons of unemployment. Binary logit model is used to investigate the potential effect of different reasons of unemployment on mental disorders. Individuals who were not working during the pandemic due to involuntary reasons had higher probabilities of mental disorders than those who were working and those who voluntarily separated from work. Among respondents who were not working due to COVID-19 related reasons, respondents whose employer went out of business were the most likely to experience mental disorders. Household job uncertainty in the next four weeks positively contributed to mental disorders. Government should consider measures to contain the spread of virous while keeping as many people employed as possible. Government should also consider providing adequate financial and counseling assistance to individuals who are in the greatest need for such support. ; Includes bibliographical references.

The recovery of the tourism industry is an important issue that has attracted much attention during the COVID-19 pandemic. Sustainable and safe festival tourism is considered an effective way of aiding in the recovery of the industry. A face-to-face survey of participants in the Guangzhou Hanfu Festival was conducted to examine the relationship between fears of COVID-19, perceived risks, perceptual evaluations, festival attitudes, behavioral intentions, and crowding during this difficult time. Results clarified how fear affects behavioral intentions in festival research, and the mediation role of perceived risk and the moderation role of crowding was confirmed. A timely set of recommendations was provided to festival operators and local governments.