Categories
Economics Society

[1440] Of pre-arranged marriage may hurt the labor market

Even during these days, they are those that advocates arranged marriage. The idea is obsolete and belongs to the stone age for so many reasons and therefore, there are many reasons and more to frown at arranged marriage. The Marginal Revolution stumbled upon one reason why hands of parents are inferior to marriage arranged by the invincible hand, specific to India:

“Arranged” marriages, characterized by strong parental control over mate choice, are the norm in India, although there is a steady transition towards autonomous ”love” marriages, especially within the urban middle class. I construct a novel dataset by surveying 6,030 parents and adult children in Mumbai, India, to study selection into arranged marriage and its effects on spouse choice. I consider the choice between an arranged and a love marriage as the outcome of bargaining between parents and children, when agents have different preferences for spouse attributes. I find that stronger financial and kinship ties between parents and sons increase the likelihood of an arranged marriage. Furthermore, when parents are involved in mate choice, sons are significantly less likely to marry college-educated women and women engaged in the labor force, after controlling for individual and family characteristics. I show that these effects are driven, at least in part, by parental preferences and cannot be entirely attributed to correlation between arranged marriages and unobserved characteristics or preferences. These results suggest that lowering the incentive for parental control in mate choice may improve investments in women’s human capital in India. [Divya Mathur. What’s Love Got To Do With It? Parental Involvement and Spouse Choice in Urban India. November 7 2007]

Categories
Photography

[1439] Of decomposing decomposer

Armed with a camera, I explored the Kuala Selangor Nature Park together with other members of the Malaysian Nature Society. Throughout the two days I was there, this is probably my favorite shot:

Some rights reserved. By Mohd Hafiz Noor Shams.

I think I have three different pictures of mushroom now. One is this, one somewhere at the top of Janing Barat in Endau-Rompin and another from an arboretum in Ann Arbor. The quality of each shot differs; I would really like to say, I have improved!

Categories
Poetry

[1438] Of beyond right and wrong

Out beyond ideas of wrongdoing,
and rightdoing there is a field.
I’ll meet you there.

— Rumi (September 30, 1207—December 17, 1273)

Categories
ASEAN Earthly Strip Politics & government

[1437] Of UMNO versus Batu Puteh

Between Malaysia and UMNO, I do not believe those influential in the party care for Malaysia more than UMNO. I have recently alluded to that idea but it was done in jest, perhaps unwittingly referring to the upcoming rally demanding for fairer electoral process. After observing development in the past few days, the jest is increasingly becoming a legitimate stance. As Malaysia goes to the International Court of Justice to settle a dispute with Singapore regarding Batu Puteh, UMNO is holding its general assembly in Kuala Lumpur. All mainstream media are reporting on the assembly heavily while there is scant mention — in some media not at all — of the development of the hearing at The Hague.

Some rights reserved. By Mohd Hafiz Noor Shams

This is most telling is how Utusan Malaysia treats the two events today and yesterday, which is full of UMNO related news. For these two days, reporting on the dispute should be heaviest as Singapore presents its case in the Court. Yet, the printed media, especially Utusan Malaysia, are dedicating most of its pages to the UMNO assembly, including its front pages. Batu Puteh on the other hand receives a mere back page treatment for today. For yesterday, none at all but the assembly continues to dominate the pages of Utusan Malaysia.

The same case is applicable for Bernama, The Star and the New Straits Times though the stress on UMNO is noticeably less. But the point, the hearing on Batu Puteh receives only passing mention unlike the UMNO assembly which involved deep analysis and spin that pain this assembly remarkably in contrast to those in the recent past, as late as last year, which were jingoistic and filled with deep communal sentiments, to put it politely.

The same trend is observable on television and radio. I dare say, half of the air time is dedicated to the assembly. I am unsure if the same case is observable in media of languages other than Malay and English.

Therefore, the case suffers from limited coverage and due to that, I am forced to rely on Wikipedia, Singaporean media which understandably biased to the Singaporean side and international media.

But perhaps, this lack of reporting from Malaysian sources is due to the fact that this round of hearing is reserved for Singapore. Malaysia will only present its case next week. Still, surely, whatever Singapore, or Malaysia, brings forth as points greatly affects the course of the case. Or, maybe, it is just a little rock in the middle of the sea. Or maybe, Malaysian sovereignty is of little importance.

There is no need to remind everybody that UMNO controls the media in this country, directly or by proxy. Meanwhile, it is clear that those in the media place UMNO higher than the sovereignty of Malaysia in its list. You are welcome to make a conclusion following the two premises.

Such is the sad state of our country.

Categories
Economics

[1436] Of USD250 per barrel?

What the… ? Via:

Energy consumers and speculators are scrambling to take out options contracts to insure themselves against oil prices rising above $100 a barrel — a further sign of growing expectations of a spike in the crude market.

Some have even taken out contracts to protect themselves against prices rising to $250 a barrel in the next two years… [Scramble to insure against more oil price rises. Financial Times. November 5 2007]

I wonder when the famed Simon-Ehrlich wager will be invoked!