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Purpose – This study explores the relationship between fish consumption advisories and risk perception, knowledge, and behavior of anglers in the Great Lakes. The Great Lakes contain elevated levels of critical pollutants and chemicals. Fish consumption advisories have been employed by health and environmental agencies to increase public awareness and lower exposure to contaminated fish caught in the Great Lakes. However, awareness and response to these advisories is not universal and may vary on the basis of sociocultural factors. Poor and minority anglers may be less aware of health advisories and more likely to exceed the recommended fish consumption limits than white anglers. Relying on health advisories as the primary mechanism for limiting exposure may not adequately meet environmental justice goals to protect the health and safety of all people.

Design/methodology/approach – One hundred and twenty Lake Ontario boating anglers were surveyed. Factors examined include awareness and source of health advisories; level of concern about health risks; and fish consumption rate and risk reduction behaviors.

Findings – Results indicate that ethnicity, age, and education influence awareness and response to health advisories. We conclude with suggestions to better address environmental injustices by strengthening the inclusion of local knowledge and participation in the decision-making and risk management process.

Practical implication – Findings have implications for the impact and future content of Great Lakes fish advisories.

Originality/value – There have been few comparative studies using socioeconomic factors, such as race and education, when addressing awareness of fish advisories and relative risk of toxicity from Great Lakes recreational boat anglers.

Can standard business cycle methodology be applied to China? In this chapter, we address this question by examining the macroeconomic time series and identifying dimensions in which China differs from economies (such as Canada and the United States) that are typically the subject of business cycle research. We show that naively applying the standard business cycle tools to China is no more ridiculous than applying it to Canada, although the dimensions along which the model struggles is different. For China, the model cannot account for the low level of consumption (or high saving) as a proportion of income observed in the data. An examination of provincial level consumption data suggests that the absence of channels for intranational consumption risk sharing may be an important reason why the business cycle model has trouble accounting for Chinese consumption and saving behavior.

Individuals who spend a large percentage of their incomes on consumption are perceived to prefer risks. Since entrepreneurs are well recognized as risk-takers, this chapter investigates whether consumption propensity is associated with entrepreneurship. Using micro-level data from Chinese Household Income Project, we find that households with a higher income–consumption ratio on average have a higher preference for risk-seeking, while they have a lower probability to be entrepreneurs. However, households who have higher consumption–income ratio and are in the top 10% of the wealth distribution are more likely to embark on entrepreneurship. In addition, we find that in-system connection (relationship with government-related units) decreases the likelihood of starting new business, while out-system connection (relationship with market units) increases it. These findings suggest that in an imperfect financial market, start-up finance and connections play important roles for entrepreneurship.

In this paper, we examine the concept of “vulnerability” within the context of income mobility of the poor. We test for the dynamics of vulnerable households in the UK using waves 1–12 of the British Household Panel Survey and find that, of three different types of risks that we test for, household-specific shocks and economy-wide aggregate shocks have the greatest impact on consumption, in comparison to shocks to the income stream.

Purpose – The consumption of violent media contents has been discussed as a risk factor for school shootings repeatedly. The results of research on U.S.-American offenders support this notion. However, to date only little is known about the extent to which these findings may be transferred and generalized to perpetrators from other countries.

Method – We analyzed the case files on seven school shootings perpetrated in Germany between 1999 and 2006.

Findings – In five cases, detailed qualitative content analyses revealed a marked interest in media violence during the years prior to the offense. In some cases, the media consumption slowly replaced other leisure activities, focussed on topics related to the offenses as killing sprees or former school shootings, and was partly described as being addictive. One offender even utilized the media for his own purposes in order to present himself postmortem. However, two perpetrators did not show any peculiar interest in media violence.

Practical and social implications – Violent media consumption is no necessary condition for school shootings, but seems to promote the development toward an offense under certain circumstances. Therefore, intensive media consumption, especially if thematically related to an offense, should be taken seriously and considered in prevention and intervention efforts.

Originality/value of chapter – The findings add to the literature on risk factors for school shootings with regard to violent media consumption. The subject is analyzed in detail in a sample of German offenders, thereby widening the scope of analyzed school shootings.

In Chapter 4, the author will discuss the youth drinking epidemic regionwide, in order to demonstrate why the impacts of alcohol products on youths are concerning. The author will present the major youth drinking trends within SEA, to further study how the rampant alcohol trade regionally has adversely affected local youths to a troublesome degree. The author will point out the causes of the youth drinking epidemic, which are susceptibility and toxic culture. Next, the author will evaluate the national and regional costs of youth drinking, discussing how such a lifestyle results in consequences in relation to delinquency. The author will recommend policies for alcohol control that the SEA governments should take into account when amending or forming their policies to contain the epidemic of youth drinking. The outputs of Chapter 4 will draw a close association between youth smoking, youth drinking, and youth sexual misconduct. Therefore, the author indicates that these youth delinquency problems should be addressed simultaneously in order to eradicate the issues of holistic youth misbehaviours in the long term.

Based on an uncertainty model with an infinite horizon, this chapter analyzes how financial development and monetary policy in two countries can impact international trade and capital flows and influence individual behavior and welfare. Our study shows that differences in capital market development are the major contributing factors for trade imbalance and investment among countries. We also find that monetary policies are important factors affecting the trade balance, consumption, and investment. Countries with one-sided, pegging exchange rate policies tend to buy more bonds and enjoy larger trade surpluses. This effect is closely related to the level of capital market development: in these two countries, at higher stages of development, the effects of idiosyncratic monetary policy on imbalance are amplified.

Adolescent alcohol consumption has declined in most high-income countries over the last decade; however, the prevalence of drinking under the legal age of 18 years remains high. There are several confounding factors related to alcohol use inclusive of gender, poverty, parental education, parental alcohol use and parental mental health difficulties. In addition, young people placed under the care of the state are disproportionately affected by alcohol misuse.

Longitudinal research has shown a linear risk between alcohol consumption and educational performance. Adolescents that have heavy alcohol consumption are associated with lower enrolment in post-secondary education, potentially reduced earnings and heightened job instability.

Universal interventions are one potential way to provide education regarding problematic alcohol use and its consequences. A recent Cochrane review identified that school-based interventions have potential to provide adolescents with the necessary knowledge, skills and opportunities for young people to remain alcohol free and decrease the risk of multiple risk-taking behaviours.

Purpose – The purpose of this chapter is to assess the role of collateralizable wealth and systemic risk in explaining future asset returns.

Methodology/approach – To test this hypothesis, the chapter uses the residuals of the trend relationship among housing wealth and labor income to predict both stock returns and government bond yields. Specifically, it shows that nonlinear deviations of housing wealth from its cointegrating relationship with labor income, hwy, forecast expected future returns.

Findings – Using data for a set of industrialized countries, the chapter finds that when the housing wealth-to-income ratio falls, investors demand a higher risk premium for stocks. As for government bond returns: (i) when they are seen as a component of asset wealth, investors react in the same manner and (ii) if, however, investors perceive the increase in government bond returns as signaling a future rise in taxes or a deterioration of public finances, then they interpret the fall in the housing wealth-to-income ratio as a fall in future bond premia. Finally, this work shows that the occurrence of crisis episodes amplifies the transmission of housing market shocks to financial markets.

Originality/value of chapter – These findings are novel. They also open new and challenging avenues for understanding the dynamics of the relationship between the housing sector, stock market and government bond developments, and the banking system.

Empirical evidence shows that banking development has a significant impact on macro-level economic growth through the finance-growth nexus and also highlights the prominent effect of development on local economy and household welfare, particularly in developing countries with restricted access to financial systems. The authors investigated the role of local banking development in affecting household welfare in Thailand which is a modest degree of financial access compare to other countries. The authors focus on the development of the banking sector in four dimensions, including financial depth, financial stability, financial efficiency and financial inclusion, and its impact on household welfare using the generalized method of moments approach to address the endogeneity problem. The authors employ biennial household welfare data from the National Statistical Office survey from 2007 to 2019 which covers all provinces in Thailand. The findings suggest that each type of banking development significantly affects household income and consumption in Thailand, although in different ways. Financial depth decreases income and consumption expenditure, while financial inclusion increases income and consumption expenditure (level effect). However, there are insignificant impacts on volatility of household income and consumption (volatility effect). Our findings prove that the implementation of policies to promote banking development either promote or decrease household welfare. This study can provide insight on policy impact and assist policymakers in considering the adoption of banking development policies to promote growth of the local economy, while at the same time aiming to reduce welfare inequality.