This paper estimates the impact of economic insecurity on the mental health of Australian adults. Taking microdata from the 2001-2011 HILDA panel survey, we develop a conceptually diverse set of insecurity measures and explore their relationships with the SF-36 mental health index. By using fixed effects models that control for unobservable heterogeneity we produce estimates that correct for endogeneity more thoroughly than previous works. Our results show that exposure to economic risks has small but consistently detrimental mental health effects. The main contribution of the paper however comes from the breadth of risks that are found to be harmful. Job insecurity, financial dissatisfaction, reductions and volatility in income, an inability to meet standard expenditures and a lack of access to emergency funds all adversely affect health. This suggests that the common element of economic insecurity (rather than idiosyncratic phenomena associated with any specific risk) is likely to be hazardous. Our preferred estimates indicate that a standard deviation shock to economic insecurity lowers an individual's mental health score by about 1.4 percentage points. If applied uniformly across the Australian population such a shock would increase the morbidity rate of mental disorders by about 1.7%.

Purpose: The purpose of this paper is to explore the effect of agricultural extension services provided by public sector on the individual technology adoption behaviour of rice farmers in Sri Lanka. Design/methodology/approach: The study used data from a cross sectional survey conducted in seven rice procuring regions in Sri Lanka. Eight rice technologies were selected to explore the effect of extension service on adoption behaviour of rice farmers using probit models. The extension service variable was identified as potentially endogeneous and instrumented using average extension for each region. Findings: The results revealed that the extension service variable was positive and indicative of a high level of significance in all the rice technologies promoting the adoption. Hence the public agricultural extension service programmes were considered as significant explanators of technology adoption. The farmers who received agricultural extension service were more likely to adopt a technology. Social implications: At present, the position of agricultural extension service is questioned and the future is unknown. Therefore, this study advises policy makers to prioritise agricultural policies to strengthen public spending on agricultural extension for effective adoption of technological innovations. Originality/value: The paper adds solid empirical evidence to the literature on technology adoption behaviour from a peasant agricultural context in a developing country scenario that uses farm level data. Moreover, the study contributes to the literature by reiterating the significance of public provision of extension and training programmes as a direct motive in the technology adoption behaviour of farmers.

This paper contrasts the mental and physical health impacts of vulnerability and economic insecurity. An individual is vulnerable if they are at risk of future absolute material deprivation, while they are insecure if they are threatened by losses in relative status. Using data from the first eleven waves of the Australian HILDA panel, we generate four alternative measures of real or perceived downside economic risk and employ panel data models to estimate their impacts on SF-36 mental and physical health indices. We test our hypotheses using a series of polynomial interactions which allow the effect sizes to vary non-linearly with income. Baseline estimates show that economic risks have consistently negative consequences for both mental and physical health, with the former effect being around three times the size of the latter. However our main finding is that increasing incomes do little to mitigate the sensitivity of health to these risks. This suggests it is mostly the prospect of loss rather than deprivation that impacts upon wellbeing. The finding is important as it helps distinguish between competing models (i.e. Beveridge vs Bismarck) for social insurance.Griffith Business School, Department of Accounting, Finance and EconomicsNo Full Tex

The idea of inclusive collective decision-making is important in establishing democratic legitimacy, but it fails when citizens are excluded. Stated-preference methods of valuation, which are commonly used in economics, have been criticised because the principle of willingness to pay may exclude low-income earners who do not have the capacity to pay. Deliberative valuation has been advocated as a way to overcome this problem, but deliberation may also be exclusive. In this review, two deliberative valuation frameworks are compared. The first is grounded on the idea of rational discourse that emphasises argument at the expense of other communicative strategies. It seeks to secure inclusion through procedural rules and prerequisites, but fails to address the underlying democratic limitation of argumentation. The second does not rely on the distinction between rational and rhetorical speech, and therefore admits alternative forms of communication. This approach recognises differences in the communicative capacities and practices of those who take part in deliberation, and so is better equipped to improve, though not to guarantee, inclusion.