Family Assets Research Articles

The Impact of Family Wealth on Asset Return: A Moderated Chain Median Model Partially Explaining Wealth Inequality

Global wealth is distributed highly unequally, and this issue has worsened in recent years. Such inequality threatens human well-being and fundamental values. In response, this paper aims to explore the wealth inequality phenomenon from the perspective of investment psychology. Recognizing wealth return heterogeneity as a crucial source of inequality, the paper establishes a psychological model focused on two investment skill factors that can partially explain this heterogeneity. The theoretical foundation of this model includes the conservation of resources (COR) theory, prospect theory, and performance determinants theory. In our model, risk preference and asset-holding periods sequentially mediate the relationship between family wealth and asset returns. Moreover, risk preference and the disposition effect are identified as serial mediators in this relationship. Financial literacy also moderates the relationship between the risk preference, asset-holding period, and disposition effect. This proposed model not only provides a richer explanation for wealth return heterogeneity through the lens of investment skill but also extends the application of COR theory to investment psychology, thereby enhancing our understanding of resources. Moreover, it offers a novel explanation for the relationship between risk preference and the deposition effect, enriching prospect theory. Finally, the inclusion of financial literacy’s role broadens the scope of performance determinants theory.

Health, Insurance, and Social Capital’s Impact on Housing Debt and Assets Using a Partial Least Squares Structural Equation Modeling Technique

China’s current real estate market transactions are relatively subdued; hence, finding means to repower the engine for further development becomes vital. However, few studies investigated the relationships between family non-economic factors, assets, and housing debt. This study highlights the impact of family members’ health, insurance, and social capital’s impact on housing debt and assets. The family-size data from the China House Finance Survey are analyzed using a partial least squares structural equation model. The results indicate that family members’ poor health and uninsured endowment insurance individuals negatively affect housing debt and family assets. In contrast, the impact of medical insurance is insignificant. Besides, social capital substantially and positively impacts assets and debts. The labor supply and the proportion of kids have a negligible impact. Hence, this study recommends that loan-offering enterprises may change their marketing targets according to family situations, such as health status and insurance coverage. The government might promote endowment insurance and strengthen higher education to revitalize the real estate industry.

Understanding Community-Specific Health Behaviors to Prevent Type 2 Diabetes and Depression in Rural Adolescents: A Qualitative Study.

Type 2 diabetes (T2D) and depression co-occur, and rates are on the rise in adolescents, disproportionately affecting teenagers in rural communities and those who identify as members of historically disadvantaged racial/ethnic groups. Addressing the promotion of health behaviors is important for prevention of these comorbid health concerns; however, disparities in their prevalence highlight that a healthy lifestyle is not equally accessible for all individuals. Thus, holistic and multi-level approaches that address structural inequities, leverage cultural and family assets, and are effectively integrated into the community are critically needed. This project is an initial phase of a broader community-academic collaboration that aims to address preventable chronic diseases and mental health in adolescents living in the rural Mountain West by tailoring an evidence-based health behavior and lifestyle intervention for these communities. Interviewers conducted semi-structured interviews with N = 19 individuals (n = 11 adolescents, 11-17years, n = 8 mothers) who lived in neighboring counties in the rural Mountain Western USA and had a family history of T2D. Interview schedules were developed by an interdisciplinary team, with community input, and covered topics such as food and staying active, stress, T2D risk, and community and culture. Using thematic analysis, data were reduced through coding, categorization, and development of themes. Data revealed three major themes: "Families Face Systemic Barriers to Health," "Family Routines Support Health," and "Connection is Crucial to Holistic Health." Findings reveal opportunities for addressing health inequities and developing effective, integrated T2D and depression prevention strategies within this specific community. They also potentially contain insights that may be applicable to others interested in adapting interventions for diverse groups.

Parental Competence and Pornography Use among Hispanic Adolescents.

This study aims to determine the association between parental competence (warmth, demandingness, and parental education in fortitude and in privacy) and pornography use. This study presents cross-sectional data from an ongoing international study (YOURLIFE Project) about the opinions and lifestyles of adolescents with respect to affectivity, love, and sexuality. Adolescents (N = 2516) aged 12-15 from Chile, Mexico, Peru, and Spain were included. Multiple logistic regressions were performed to analyze the association between family assets (parental demandingness, warmth, and parental fortitude and privacy education) and pornography use. The results indicated an association between parental warmth and pornography use among boys and girls. Furthermore, privacy education was highly associated with less pornography use only in girls. Parental demandingness and parental fortitude education were not associated with pornography use. Our findings suggest that new educational perspectives including privacy issues should be considered within programs for pornography use prevention among adolescents. Parents should incorporate these variables when discussing pornography with their adolescents and not only focus on filters or demandingness.

High-Deductible Health Insurance May Exacerbate Racial And Ethnic Wealth Disparities.

This study examined the equity implications of high-deductible health plans within the context of racial and ethnic wealth disparities. Using restricted data from the Medical Expenditure Panel Survey, we evaluated the net worth (in 2011-18) and financial assets (in 2011-16) of families with private insurance and those in high-deductible health plans with and without an associated health savings account. Our results represent, to our knowledge, the first estimates of racial and ethnic wealth disparities within these populations. Results show that White households consistently held significantly more wealth than did Black and Hispanic households across income levels. In the lowest income quartile, White privately insured families had more than 350percent more in financial assets than their Black counterparts. Low-income Black and Hispanic families with high-deductible health plans but no savings accounts had median financial assets ($2,200 and $2,000, respectively) that were well below the average family coverage deductible. Study findings highlight the role of systemic racial wealth disparities, beyond that of income, to establish a unique pathway whereby high deductibles can exacerbate health care inequities.

Depression Takes a Toll on Academic Performance: Evidence from Rural Students in China.

Depression is a growing public health concern around the world. For adolescents, depression not only impedes healthy development, but is negatively associated with academic performance. The purpose of this paper is to examine the prevalence of adolescent depressive symptoms in a sample of rural primary and junior high school students. Additionally, we examine various factors to identify subgroups within the sample that may be more vulnerable to depression. Finally, we explore the extent to which depression correlates with academic performance and conduct a series of heterogeneity analyses. We utilize cross-sectional data derived from 30 schools in underdeveloped regions of rural China encompassing primary and junior high school students (n = 1,609). We find a high prevalence of depression, with 23% and 9% of students experiencing general depression (depression score ≥ 14) and severe depression (depression score ≥ 21), respectively. Female gender, elevated stress and anxiety levels, boarding at school, exposure to bullying, and having depressed caregiver(s) are positively correlated with depressive symptoms, while high social support exhibits a negative association. Importantly, our analyses consistently show a significantly negative link between depression and academic performance, which is measured using standardized math tests. For instance, transitioning from a non-depressed state to a state of general depression (depression score ≥ 14) is linked to a decline of 0.348-0.406 standard deviations in math scores (p < 0.01). Heterogeneity analyses reveal that this adverse relationship is more pronounced for male students, boarding students, those with lower social support, individuals with more educated mothers, and those with lower family assets. Our findings underscore the high prevalence of depression in rural schools and the detrimental impact on academic performance. We advocate for the implementation of policies aimed at reducing student depression, particularly within vulnerable populations and subgroups.

Impact of Forced Relocation and Community Integration on Household Well-being of Urban Refugees in Kenya

Forced displacement is a global issue that affects millions of people all over the world. Refugees are forced to flee their homes due to conflict, persecution, or other forms of violence. The majority of refugees often end up in urban areas, where they face numerous challenges, including social exclusion, limited access to basic services, and economic marginalization. This study examines the relationship between forced displacement, social cohesion, and household welfare outcomes of urban refugees in Kenya. The study utilized household data on urban refugees in Kenya sourced from the United Nations High Commission for Refugees (UNHCR), 2020 [85], and, the Kenya Continuous Household Survey (KCHS), 2019 [41]. The study estimates were regressed using the Ordinary Least Squares method and diagnostic tests were done to determine the accuracy of the estimates. The study found that an additional member in an urban refugee household led to an asset increment of 6.7%. The study further found that an additional habitable dwelling in an urban refugee household increased family assets by 71.9%. Utilization of mobile banking services, having nuclear members abroad, and participation in community-based organizations also had a positive impact on family asset accumulation in a refugee household. The study also found that utilization of mobile money transfer (M-PESA), negatively influenced family assets. This study contributes to the literature on Urban refugees as it gives insights into factors that can improve welfare and enhance social cohesion between refugees and host communities in Kenya. Gaps have also been identified in the mandate of UNHCR beyond the camps and the role of the Kenyan Government in urban housing programs for refugees.

Taxation of Czech trust funds and foundations in the international context

Abstract The foundation’s purpose is traditionally public benefit activities in the Czech environment. In addition to a foundation, a trust fund, primarily used for the management of family assets but often for public benefit purposes, can be used for philanthropic purposes. Foundations and trust funds are subject to different tax regimes depending on the purpose for which they were established. The aim of this article is to use the analytical-descriptive and comparative method to explain, also in the international context, the tax aspects of foundations and trust funds, their different purposes and potential problems, as in the Czech environment we can still encounter the belief that foundations and trust funds serve to circumvent the tax system.

Identifying a typology of helpful post‐divorce family assets: Implications for divorce education

AbstractDivorce education programs seek to provide parents with information about various aspects of the divorce process, its consequences, and strategies for successful adjustment. Within those broad content areas, however, there are myriad of potential promotive‐, protective‐, and risk‐factors that programs could address. Thus, divorce education programs could benefit from further guidance about the content areas divorcing parents may find the most helpful. In the present study we aimed to describe what divorced parents felt had helped their families throughout the divorce process. We did so to promote further alignment between divorce education program content and what parents have found helpful. Specifically, we identified a typology of helpful post‐divorce family assets. Our findings suggest that though a plurality of divorcing parents benefit from a wide range of legal/professional, former spouse, and personal assets, the majority rely predominately upon their own parenting skills and resources, or perceive few beneficial assets to draw on. We contend divorce educators should consider incorporating further information on developing personal parenting skills or resources, and skillfully navigating legal or therapeutic systems, to further complement existing curricula.

Research on housing prices prediction based on multiple linear regression

With the steady development of social economy, commercial housing, as an important real estate, occupies a large proportion in family assets. According to the China Household Wealth Survey Report (2018) compiled by the Social China Economic Trends Institute, household net worth accounts for 70% of household wealth, including housing prices in Beijing and Shanghai. In higher cities, the proportion is as high as 80%. This paper analyzes the transaction data of about 10,000 second-hand houses in Beijing, constructs a multiple regression model with SPSS software, and obtains the dependent variable (housing price per unit area). The dataset used in this paper is fetched from the Kaggle website (Housing Price in Beijing). The results show that the relationship between the elevator, the floor situation, the decoration method, the administrative division and other independent variables. Also, it is shown that the correlation between the two is significant, so the model can be used. This paper provides reference for the actual transaction of second-hand housing in Beijing.

Защита прав супругов при отчуждении общего имущества третьим лицам

The article deals with the problems of protecting the property rights of spouses in cases where joint property, registered only for one spouse, is alienated by them without the consent of the other. It is concluded that the protection of the rights of spouses is insufficient due to the shift in emphasis towards a conscientious acquirer of marital property. Based on the analysis of legislation and judicial practice, it is proved that the spouse must monitor the state of family assets and take measures to formalize his rights to property.

Family's socioeconomic and demographic factors on elements of children's dental and oral health: A scoping review.

Family plays a significant role in children's dental and oral health (DOH) elements, such as children's DOH knowledge and practice, the development of children's dental fear and anxiety (DFA), children's dental visits, and children's DOH status. The study aims to address the interrelationship of these elements based on individual and familial socioeconomic and demographic (SED) attributes. Given the possibility that the COVID-19 epidemic might alter oral health and disrupt dental care, a systematic literature search from the Scopus and Web of Science library database was limited to the 2017-2019 peer-reviewed published literature, which includes quantitative studies that investigated at whether SED status contributed to children's DOH elements. Four sets of keywords are combined in both library database literature searches. Using the PRISMA-ScR Checklist as a reference, we conduct this scoping review. A total of 15 studies were included. Studies were from Brazil, Iran, China, India, Indonesia, Peru, Portugal, and UK. The socioeconomic characteristics include parental education, income, employment, assets and home ownership, type of residence, and health insurance coverage. The demographic characteristics include parent's age, children's age, the number of family members, and family type. There were 13 studies observing parent's education, seven examining family income, four identifying parental employment, three measuring family assets, six assessing the type of residence, and one recording health insurance coverage. Few studies assessed socioeconomic proxies such as school type, free school lunches, and social networks. In addition, race, the number of household members, the number of children, and family type were measured in at least one of the literature. Family SED characteristics may define a pathway to children's DOH elements.

Can Access to Financial Markets Be an Important Option for Rural Families to Break the Return to Poverty Due to Illness in China?

Background: In China’s post-epidemic era, the income of rural households has decreased, and the function of property preservation and appreciation is expected to weaken, which gives the financial market an increasingly prominent role in blocking the barrier of poverty caused by disease. Method: Based on CHARLS data, this paper empirically explores the relationship between financial assets and health expenditure and catastrophic health expenditure (representing the incidence of return to poverty due to illness) to provide evidence for the development of financial markets to help stop the return to poverty due to illness and consolidate the achievements of poverty alleviation. Results: The results show that the influence of financial assets on the incidence of catastrophic health expenditures is significant and has a threshold effect. At the same time, financial assets have a greater impact than housing on preventing the return to poverty due to illness. Therefore, moving to the financial market can be a viable option for rural households to stop the return to poverty due to illness in the future. Policy suggestion: The government should standardize the development of the financial market and scientifically allocate financial resources to ensure the stable preservation and appreciation of household financial investment. Rural family members should actively improve personal financial literacy and reasonable planning of family assets to achieve stable preservation and appreciation of family financial investment.

Influence of child structure and means of eldercare on equitable distribution of family assets.

To provide a reference for the realization of children's equal inheritance, this study examined the influence of child structure and means of eldercare on equitable family property distribution willingness. Using data from surveys of Chinese women's social status, this study analyzes the impacts of child structure and means of eldercare on family property distribution, with the children's surname choice and women's status as moderating factors. The results indicate that a child structure in which the family consists of more girls than boys, a higher number of children, and the choice of family support for eldercare significantly inhibit the equal distribution of family assets. However, the weakening of traditional views significantly promotes the equal distribution of household assets. These findings remain robust after endogenous and robustness tests. Moreover, the study finds that the impact of the structure of children and eldercare methods varied across different age groups, household registration attributes, and genders. Research on the willingness to distribute household wealth aids in understanding the effects and differences brought about by the structure of children and eldercare methods under current traditional cultural contexts, thereby promoting a more equitable distribution of household wealth.

Social Determinants of Household Food Security among Rural Families in Kismayo District of Jubaland, Somalia

Food security issues and concerns are very prevalent in Somalia. A significant part of the population face food insecurity in the entire country. Even though global evidence shows that this menace affects mostly the illiterate, families headed by females, poor families, and those households headed by old members of the family, there is dearth of these literature for the case of Somalia. Thus, this study sought to establish family characteristics which influences food security among rural families in Kismayo District of Jubaland State of Somalia. Specifically, the study sought to find out the influence of family income sources, family gender characteristics, family asset diversification and family head background characteristics in determining food security. Cross-sectional design was adopted with a sample of 400 households drawn from five main villages in Kismayo District, namely Abdidhore, Gobweyn, Yontooy, Yaqshinile, and Madhawa using systematic random sampling technique. Primary data was gathered using a structured questionnaire. Descriptive and regression techniques were deployed to analyze data with the aid of SPSS version 20.0. The study has established that family income, age of the household head, gender, and family asset diversification have a statistically significant influence on family food security. Additionally, education of the household head influences family food security. The study recommends that the relevant authorities should create gainful employment for residence of Kismayo District so as to ensure food security. In addition, families should be sensitized on the importance of having diverse assets and, family heads be educated and equipped with basic skills that can help them guide the family toward food security.

Prisoners' Obligations to Provide Support for Their Family According to Islamic Law and Positive Law

A husband, in his position as head of the household, is obliged to provide the best possible living for his wife and children and provide for them according to his ability. On the other hand, a wife, in her position as a housewife, is obliged to manage the internal affairs of the household, starting from raising and caring for children, and providing food, to maintaining family assets. The wife is not responsible for the family economy, but she can play a role in earning a living for the family with her husband's permission. This research aims to examine the provisions of Islamic law and positive law towards prisoners who cannot carry out their duties to provide support for their families. This type of research includes normative juridical research using data collection techniques in the form of literature studies. The research found that prisoners generally cannot provide a living for their families. Therefore, they are forced to entrust their wife and children to their families or to transfer previous business to the wives, allow their wives to earn a living, and even allow them to divorce and remarry. To overcome this problem, it is hoped that the Government can develop the function of Penitentiary Institutions by creating independent employment opportunities for prisoners so that they can earn income to help ease the burden on their families.

Legal Study of Dzurri Waqf and its Implementation towards Strengthening High Heritage Assets in Minangkabau, West Sumatra, Indonesia

One concept of preserving family assets can be carried out through the practice of dzurri waqf. In Minangkabau, preservation of family assets is carried out in the form of high inheritance management. This article aims to discuss the legal concept of dzurri waqf and its implementation in high inheritance management in Minangkabau, West Sumatra. The findings of this study are very specific because the Minangkabau culture adheres to on one side, a matrilineal system but on the other hand, is based on the Islamic law. The data in this study were obtained through in-depth interviews with four experts, i.e., the expert council of MUI West Sumatra, the Chair of the West Sumatra Indonesian Waqf Board, the Chair of West Sumatra Nazir, and the expert council of the Lembaga Kerapatan Adat Alam Minangkabau (LKAAM) West Sumatra. This study found that first, the concept of dzurri waqf is identical to the management of high heirloom assets in Minangkabau. It is proven by some asset management that is almost the same as dzurri waqf, i.e., the element of property must be retained in principal and from the element of beneficiaries (mauquf alaih) who are family members. Second, there is a strategy to maintain high pusako treasures through religion, namely by managing high pusako treasures, such as dzurri waqf management so that the identity of high pusako treasures as culture can survive and be managed sustainably. Third, in order to maintain the identity of the high pusako treasure, the nazir in the context of dzurri waqf is appointed from the niniak mamak component as the holder of the power of the high pusako treasure.

The effect of home ownership on the independence and participation of Kurdish women in society. A quantitative study of Sanandaj in Iran

AbstractHousing is a great family asset, especially in developing countries. Since economic resources bring social and political power, home ownership can be very influential in enhancing people's socio‐political power. The benefits of home ownership become even more notable among groups of people who were deprived of such power. In Sanandaj, home ownership shows a much lower rate among women than among men, and it is therefore interesting to know whether an increase would empower women and in what ways.Methodologically, this study used the Sanandaj Document Registration Office as well as a survey (a questionnaire filled out by 300 female homeowners in Sanandaj) to collect the data. The analysis of the data is based on the Kendall correlation test and Path analysis test. The research results show that there is a very high correlation between home ownership (as an independent variable) and economic independence, decision‐making independence and participation of women in urban communities (as dependent variables). The article concludes that home ownership can significantly improve the independence and participation of Kurdish women in Sanandaj, and makes a number of policy recommendations to reach this goal.

Heterogeneous effects from integrated farm innovations on welfare in Rwanda

Using a multinomial endogenous switching regression model, this study examined the factors that influence farmers’ decisions to adopt multiple integrated technologies and then estimated the effects of adopting integrated farm technologies on farm yield, farm income, and household food expenditure. The results showed that adopting higher-order suites of technologies provides higher dividends to farmers in terms of farm yield and income relative to a single technology adoption. Among different integrated technologies, the study found that the technology mix involving crop and soil innovations exerts the greatest impact. Further findings from the study, however, shows that there are no statistical differences in food expenditure from adopting higher-order packages of technologies, albeit the impacts being positive. This could explain the diversion of additional gains obtained towards investing in family assets, child education, and health expenditures. In addition, the study suggests that the level of education of the family head and access to credit significantly influence the decision to adopt multiple integrated technologies. The study provides suggestive evidence for a shift in policy design for the country’s farm productivity coupled with investment policies that promote access to credit and education, especially among rural communities.

HOLDING AS A FORM OF SUCCESSION PLANNING

Holding companies as a form of succession planning have gained prominence in the business and family context, being used as an effective strategy for protecting assets and minimizing taxes. The general objective will be to analyze the use of holding companies as a succession planning mechanism, addressing their advantages, legal and tax aspects, in addition to highlighting their importance in organizing family assets. The research methodology used is bibliographic, involving the analysis of doctrines, academic articles and legislation relevant to the subject, aiming to provide an in-depth understanding of the advantages and challenges associated with the creation of holding companies. The justification for choosing this topic lies in the growing need for succession planning in Brazil, where the lack of an adequate strategy can lead to asset disruption and family conflicts. In addition, the relevance of the topic is evidenced by the complexity of tax laws and the search for alternatives that guarantee efficiency in the transfer of assets. Thus, the analysis of holdings as a succession planning tool not only contributes to academic knowledge, but also guides entrepreneurs and families in adopting practices that promote asset security and the continuity of their legacies.