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This sociological study reveals the ways in which the Love Jones Cohort live their lives. The Love Jones Cohort exposes community members, researchers, policy makers, and businesspeople to the Love Jones Cohort, in the hope that they substantively incorporate this demographic group into their conversations, researches, policies, and business plans. The Love Jones Cohort pushes people into considering how structural racism plays a role in individual dating and marriage outcomes, and challenges people into thinking twice before asking the Love Jones Cohort why they are not married and instead consider asking people why they are married. The Love Jones Cohort highlights the distinctiveness of the Love Jones Cohort relative to other Black middle-class families. The Love Jones Cohort improves our understanding of singlehood in general and Black middle-class SALAs in particular; provides a more nuanced picture of the Black middle class that includes the large and growing demographic of never-married individuals; and offers insight on how these experiences can influence social policy and future narratives about the Black middle class and Black America more broadly.
Chapter 8 examines in detail the Love Jones Cohort’s attitudes to wealth accumulation and homebuying, as well as highlights that those in the Cohort operate in an environment of considerable structural racism when it comes to acquiring assets. Chapter 8 further addresses persistent myths surrounding racial wealth inequality, including conventional ideas that promote greater educational attainment, harder work, better financial decisions, and other changes in habits and practices on the part of Black Americans. In Chapter 8, the Love Jones Cohort are cognizant of how their SALA status, in conjunction with family background, gender, age, a desire (or otherwise) for marriage, and responsibility to both family (friends) and the larger Black community, can shape thinking about potential wealth-building opportunities. It is also clear that when it comes to wealth accumulation, while the freedom that comes with SALA status can be an advantage in some cases, buying a home on a single income can impose a significant structural economic obstacle.
Chapter 4 argues that marriage as a social institution is changing in the United States. One consequence of this is the rise of Black never-married singles as a demographic and those who are also middle class : the Love Jones Cohort. Through the narratives of the Love Jones Cohort and discussion of the various theoretical assumptions that have been put forward to explain declining marriage rates among Black Americans – especially women – Chapter 4 introduces a framework for understanding how and why the Cohort has begun stepping into the limelight, and what the implications of this might be. This chapter also sets out some of the quantitative and theoretical rationalizations that have been put forward or may be relevant in explaining the rise of Black middle-class SALAs in the U.S., backed up by relevant narratives from interviewed members of the Love Jones Cohort.
Chapter 9 examines how the lifestyles of the Love Jones Cohort shape their decision-making when it comes to choosing a neighborhood and how they interact with their neighbors. The choices the Cohort members make as partner- and child-free individuals are of great relevance in terms of understanding the present situation and future direction of the Black middle class. Aside from affordability, Chapter 9 discusses several factors the Love Jones Cohort consider when selecting a neighborhood, including racial composition, safety (physical and psychological), amenities, sense of community, and neighborhood demographics. Chapter 9 shows that even if they were not consciously making their neighborhood choices based on their membership in the Love Jones Cohort, it plays a key role in how they view their residential options. Generally, the Love Jones Cohort are largely unconcerned with how their neighbors regard them; yet they express how they are subject to psychological pressures related to race, class, gender, and their single status.
Chapter 1 engages the scholarly debates, discussions, and controversies surrounding how the Black middle class is defined. Chapter 1 paints the context for many of the key topics addressed by the Cohort in subsequent chapters related to how they view their middle-class status and how their class status interacts with their SALA lifestyle. Chapter 1 provides an overview of the distinction between class and status and discusses the range of scholarly and historical definitions and conceptualizations of the Black middle class over the past 120 years. Such debates raise pertinent questions on how class should be captured; if status is a more useful measure than class; whether Black middle classness should be defined separately from other middle classness; and, if so, why. Chapter 1 investigates issues surrounding gender and the role of marriage in perpetuating (or otherwise) the Black middle class and is highly relevant to the rise of the Love Jones Cohort where a substantial majority of its members are Black women.
Chapter 7 offers a pathway toward understanding how the Love Jones Cohort navigate wealth-related issues and outcomes, and what the implications of this might be both for themselves and for the Black middle class more generally. Chapter 7 explores previous, current, and future wealth experiences and decisions of the Cohort, and sheds light on the ways in which the members of this demographic group traverse the various stages of their life course without a partner or child. Scholars make compelling arguments for adding wealth as a fourth indicator of middle-class status, and Chapter 7 focuses on how those in the Cohort accumulate wealth, particularly in terms of decision-making related to homeownership and explores the crucial issue of intergenerational mobility and the dissemination of wealth. Chapter 7 interrogates these issues so that we can begin to fully understand the implications of the rise of the Love Jones Cohort for the future of the Black middle class.
Drawing from stratification economics, intersectionality, and respectability politics, The Love Jones Cohort centers on the voices and lifestyles of members of the Black middle class who are single and living alone (SALA). While much has been written about both the Black middle class and the rise of singlehood, this book represents a first foray into bridging these two concepts. In studying these intersections, The Love Jones Cohort provides a more nuanced understanding of how race, gender, and class, coupled with social structures, shape five central lifestyle factors of Black middle-class adults who are SALA. The book explores how these Black adults define family and friends and decide on whether and how to pursue romantic relationships, articulate the ebbs and flows of being Black and middle class, select where to live and why, accumulate and disseminate wealth, and maintain overall health, well-being, and coping mechanisms.
This book analyzes the following four distinct, although not dissimilar, areas of social choice theory and welfare economics: nonstrategic choice, Harsanyi's aggregation theorems, distributional ethics and strategic choice. While for aggregation of individual ranking of social states, whether the persons behave strategically or non-strategically, the decision making takes place under complete certainty; in the Harsanyi framework uncertainty has a significant role in the decision making process. Another ingenious characteristic of the book is the discussion of ethical approaches to evaluation of inequality arising from unequal distributions of achievements in the different dimensions of human well-being. Given its wide coverage, combined with newly added materials, end-chapter problems and bibliographical notes, the book will be helpful material for students and researchers interested in this frontline area research. Its lucid exposition, along with non-technical and graphical illustration of the concepts, use of numerical examples, makes the book a useful text.
Behavioral economics provides a rich set of explicit models of non-classical preferences and belief formation which can be used to estimate structural models of decision making. At the same time, experimental approaches allow the researcher to exogenously vary components of the decision making environment. The synergies between behavioral and experimental economics provide a natural setting for the estimation of structural models. This Element will cover examples supporting the following arguments 1) Experimental data allows the researcher to estimate structural models under weaker assumptions and can simplify their estimation, 2) many popular models in behavioral economics can be estimated without any programming skills using existing software, 3) experimental methods are useful to validate structural models. This Element aims to facilitate adoption of structural modelling by providing Stata codes to replicate some of the empirical illustrations that are presented. Examples covered include estimation of outcome-based preferences, belief-dependent preferences and risk preferences.
The book is a short introduction to comparative law and economics, a growing field in the interaction between law, economics and comparative political science. It is a guide to economists, lawyers and political scientists looking for a brief overview. It includes both strands of the traditional literature, namely the role of legal families and microeconomic analysis of legal rules in a comparative perspective. The study of courts at the global level is complemented by comparative judicial politics.
Recent developments in behavioural economics have deeply influenced the way governments design public policies. They give citizens access to online simulators to cope with tax and benefits systems and increasingly rely on nudges to guide individual decisions. The recent surge of interest in Behavioural Public Finance is grounded on the conviction that a better understanding of individual behaviours could improve predictions of tax revenue and help design better-suited incentives to save for retirement, search for a new job, go to school or seek medical attention. Through a presentation of the most recent developments in Behavioural Public Finance, this Element discusses the way Behavioural Economics has improved our understanding of fiscal policies.