Intergenerationality is interaction between members of different generations. Sociologists study many intergenerational issues, including equity, conflict, and mobility.
129-434: Public health researchers and toxicologists may study the intergenerational impact of toxicants of radioactive fallout from generation to generation. An intergenerational conflict is either a conflict situation between teenagers and adults or a more abstract conflict between two generations, which often involves all inclusive prejudices against another generation . This is a term describing one generation that, contrary to
258-399: A "youth minister". These groups, which are often part of parachurch organizations, focus on peer fellowship and instruction of their members. These modes of ministry segregate members by age, and presuppose a hierarchical ministry in which more experienced, more educated, and generally older members minister didactically to their charges. Inter-generational activities, by contrast, emphasize
387-576: A 14% increase in the previous year and was due both to the recovery in equity markets during the year and an inflow of new funds. As of 2011 the US remained by far the biggest source of funds, accounting for around a half of conventional assets under management or some $ 36 trillion. The UK was the second-largest centre in the world and by far the largest in Europe with around 8% of the global total. The 3-P's (Philosophy, Process, and People) are often used to describe
516-460: A basic level of medical care and disease prevention. A major public health concern in developing countries is poor maternal and child health , exacerbated by malnutrition and poverty coupled with governments' reluctance in implementing public health policies. Developed nations are at greater risk of certain public health crises, including childhood obesity, although overweight populations in low- and middle-income countries are catching up. From
645-613: A basic level of medical care and disease prevention. As a result, a large majority of disease and mortality in developing countries results from and contributes to extreme poverty . For example, many African governments spend less than $ 100 USD per person per year on health care, while, in the United States, the federal government spent approximately $ 10,600 USD per capita in 2019. However, expenditures on health care should not be confused with spending on public health. Public health measures may not generally be considered "health care" in
774-401: A change in demographics . It is associated with the term " generation gap ". According to social identity theory , people seek to classify themselves and others on the basis of perceived similarities and differences. Therefore, individuals may seek to classify themselves as belonging to a particular generation because they perceive oneness with traits popularly associated with other members of
903-556: A child and then repeated as an adult, therefore continuing on in a perceived cycle. An example of this would be when a child witnesses domestic abuse, they may go on to repeat that same pattern of behavior in future relationships. Intergenerational equity may be understood as equity in relation to equal rights under the law, such as security, political equity, voting rights, freedom of speech and assembly, property rights, economic equity, access to education, health care, and social security. "This equity can be horizontal—equal opportunities for
1032-547: A community (e.g., Mark de Vries Family-Based Youth Ministry , 2004). Those children who continue church involvement as adults often have a ‘nominal faith’ (e.g. George Barna Transforming children into Spiritual Champions , 2003). Proponents of this mode of ministry claim it is a Biblical model - particularly when the ministry is located within the family in accordance with the 'relational' Hebrew model described in Deuteronomy 6. Public health Public health
1161-410: A component of preventive medicine and public health. It is implemented as part of primary care rather than a specialty in its own right. Valles argues that the term social medicine has a narrower and more biomedical focus than the term population health. The purpose of a public health intervention is to prevent and mitigate diseases, injuries , and other health conditions. The overall goal
1290-441: A country's overall health care system. Many interventions of public health interest are delivered outside of health facilities , such as food safety surveillance, distribution of condoms and needle-exchange programs for the prevention of transmissible diseases. Public health requires Geographic Information Systems (GIS) because risk, vulnerability and exposure involve geographic aspects. A dilemma in public health ethics
1419-663: A form of "health fascism" by a number of scholars, objectifying the individual with no considerations of emotional or social factors. When public health initiatives began to emerge in England in modern times (18th century onwards) there were three core strands of public health which were all related to statecraft: Supply of clean water and sanitation (for example London sewerage system ); control of infectious diseases (including vaccination and quarantine ); an evolving infrastructure of various sciences, e.g. statistics, microbiology, epidemiology, sciences of engineering. Great Britain
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#17328512939131548-488: A handful of people or as large as a village or an entire city. The concept of health takes into account physical, psychological , and social well-being . As such, according to the World Health Organization , "health is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity". Public health is related to global health which is the health of populations in
1677-463: A million avoidable child deaths each year. Intermittent preventive therapy aimed at treating and preventing malaria episodes among pregnant women and young children is one public health measure in endemic countries. Since the 1980s, the growing field of population health has broadened the focus of public health from individual behaviors and risk factors to population-level issues such as inequality , poverty, and education. Modern public health
1806-441: A mixture of ages, and de-emphasize formal teacher-pupil relationships. Inter-generational ministry is one of a number of movements which have arisen in response over concerns that young adults very commonly cease participation in church, and often do not return. Proponents of the inter-generational ministry movement hold that the hierarchical and didactic roles found in traditional church ministries deprive teens and young adults of
1935-552: A personal and business perspective. Greater money management can be achieved by establishing budgets and analyzing costs and income etc. In stock and futures trading , money management plays an important role in every success of a trading system. This is closely related with trading expectancy: “Expectancy” which is the average amount you can expect to win or lose per dollar at risk. Mathematically: Expectancy = (Trading system Winning probability * Average Win) – (Trading system losing probability * Average Loss) So for example even if
2064-510: A poor choice of benchmark. Meanwhile, it does not allow the separation of the performance of the market in which the portfolio is invested from that of the manager. The information ratio is a more general form of the Sharpe ratio in which the risk-free asset is replaced by a benchmark portfolio. This measure is relative, as it evaluates portfolio performance about a benchmark, making the result strongly dependent on this benchmark choice. Portfolio alpha
2193-424: A reasonable price (GARP), market neutral , small capitalisation, indexed, etc. Each of these approaches has its distinctive features, adherents, and in any particular financial environment, distinctive risk characteristics. For example, there is evidence that growth styles (buying rapidly growing earnings) are especially effective when the companies able to generate such growth are scarce; conversely, when such growth
2322-407: A review of research on what local authorities can do to tackle obesity. The review covers interventions in the food environment (what people buy and eat), the built and natural environments , schools, and the community, as well as those focussing on active travel , leisure services and public sports, weight management programmes , and system-wide approaches . Health inequalities, driven by
2451-737: A safe place to live. Further, policies that are supportive of any age group must build on the common concerns of all generations. Intergenerational ministry is a model of Christian ministry which emphasizes relationships between age groups and encourages mixed-age activities. Inter-generational ministry stands in contrast with other modes of ministry more traditionally seen in local churches, such as Sunday schools and youth ministries. In Sunday school , children, youths, and sometimes adults, are instructed by teachers who are, typically, adults. Classes are usually divided by age groups, as in secular schools. In youth ministries , teens or young adults (especially college age) gather in groups presided over by
2580-402: A sense of purpose and involvement, since their role in these ministries is passive and subordinate, and since they are often kept separate from adult activities. Therefore, they propose that younger members should take active roles in the ministry of the local church, and that church activities should involve and encourage participation from members across a wide range of ages. A second thread in
2709-502: A series of publications on this topic in the late 1980s and early 1990s criticizing the UK's the Health of The Nation campaign. These publications exposed abuse of epidemiology and statistics by the public health movement to support lifestyle interventions and screening programs. A combination of inculcating a fear of ill-health and a strong notion of individual responsibility has been criticized as
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#17328512939132838-491: A significant increase after World War II as concerns over the spread of disease as a result of globalization increased and the HIV/AIDS epidemic in sub-Saharan Africa surfaced. From 1990 to 2010, total health aid from developed countries increased from 5.5 billion to 26.87 billion with wealthy countries continuously donating billions of dollars every year with the goal of improving population health. Some efforts, however, receive
2967-465: A significantly larger proportion of funds such as HIV which received an increase in funds of over $ 6 billion between 2000 and 2010 which was more than twice the increase seen in any other sector during those years. Health aid has seen an expansion through multiple channels including private philanthropy, non-governmental organizations , private foundations such as the Rockefeller Foundation or
3096-411: A specialist bachelor's degree , with title in "Investment Management" or in "Asset Management" or in "Financial Markets". Increasingly, those with aspirations to work as an investment manager, require further education beyond a bachelor's degree in business, finance, or economics. There is much discussion as to the various factors that can affect the performance of an investment manager, including
3225-428: A three-factor model to describe portfolio normal returns ( Fama–French three-factor model ). Carhart (1997) proposed adding momentum as a fourth factor to allow the short-term persistence of returns to be taken into account. Also of interest for performance measurement is Sharpe's (1992) style analysis model, in which factors are style indices. This model allows a custom benchmark for each portfolio to be developed, using
3354-405: A trading system has 60% losing probability and only 40% winning of all trades, using money management a trader can set his average win substantially higher compared to his average loss in order to produce a profitable trading system. If he set his average win at around $ 400 per trade (this can be done using proper exit strategy) and managing/limiting the losses to around $ 100 per trade; the expectancy
3483-427: Is "the science and art of preventing disease, prolonging life and promoting health through the organized efforts and informed choices of society, organizations, public and private, communities and individuals". Analyzing the determinants of health of a population and the threats it faces is the basis for public health. The public can be as small as a handful of people or as large as a village or an entire city; in
3612-441: Is a dependency between different generations based on the assumption that future generations, in honoring the contract , will provide a service to a generation that has previously done the same service to an older generation. Under the concept of the intergenerational contract or agreement, written and/or unwritten rules of the redistribution of social status, which include wealth, power, and prestige, can exist between generations. It
3741-531: Is a fundamental part of population health. Scholars such as Coggon and Pielke express concerns about bringing general issues of wealth distribution into population health. Pielke worries about "stealth issue advocacy" in population health. Jung, Boris and Lushniak consider population health to be a concept that is the goal of an activity called public health practiced through the specialty preventive medicine. Lifestyle medicine uses individual lifestyle modification to prevent or revert disease and can be considered
3870-653: Is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless of whether they can justifiably be included in a budget) is a natural human phenomenon. The idea of money management techniques has been developed to reduce the amount that individuals, firms, and institutions spend on items that add no significant value to their living standards, long-term portfolios, and assets. Warren Buffett , in one of his documentaries, admonished prospective investors to embrace his highly esteemed "frugality" ideology. This involves making every financial transaction worth
3999-414: Is a strong interest within the legal community towards the application of intergenerational equity in law. An intergenerational policy is a public policy that incorporates an intergenerational approach to addressing an issue or has an impact across the generations. Approaching policy from an intergenerational perspective is based on an understanding of the interdependence and reciprocity that characterizes
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4128-415: Is around: Expectancy = (Trading system Winning probability * Average Win) – (Trading system losing probability * Average Loss) Expectancy = (0.4 x 400) - (0.6 x 100)=$ 160 - $ 60 = $ 100 net average profit per trade (of course commissions are not included in the computations). Therefore, the key to successful money management is maximizing every winning trades and minimizing losses (regardless whether you have
4257-467: Is because equities are riskier (more volatile) than bonds which are themselves riskier than cash. Against the background of the asset allocation, fund managers consider the degree of diversification that makes sense for a given client (given its risk preferences) and construct a list of planned holdings accordingly. The list will indicate what percentage of the fund should be invested in each particular stock or bond. The theory of portfolio diversification
4386-409: Is dealing with the conflict between individual rights and maximizing right to health . Public health is justified by consequentialist utilitarian ideas, but is constrained and critiqued by liberal , deontological , principlist and libertarian philosophies Stephen Holland argues that it can be easy to find a particular framework to justify any viewpoint on public health issues, but that
4515-451: Is due to the activation of an evolved reward system for substances such as drugs, tobacco, alcohol , refined salt , fat , and carbohydrates . New technologies such as modern transportation also cause reduced physical activity . Research has found that behavior is more effectively changed by taking evolutionary motivations into consideration instead of only presenting information about health effects. The marketing industry has long known
4644-465: Is limited. Public health programs providing vaccinations have made major progress in promoting health, including substantially reducing the occurrence of cholera and polio and eradicating smallpox , diseases that have plagued humanity for thousands of years. The World Health Organization (WHO) identifies core functions of public health programs including: In particular, public health surveillance programs can: The "Truth" campaign, launched by
4773-418: Is obtained by measuring the difference between the return of the portfolio and that of a benchmark portfolio. This measure appears to be the only reliable performance measure to evaluate active management. we have to distinguish between normal returns, provided by the fair reward for portfolio exposure to different risks, and obtained through passive management, from abnormal performance (or outperformance) due to
4902-434: Is often concerned with addressing determinants of health across a population. There is a recognition that health is affected by many factors including class, race, income, educational status, region of residence, and social relationships ; these are known as " social determinants of health ". The upstream drivers such as environment, education, employment, income, food security, housing, social inclusion and many others effect
5031-422: Is often used to refer to the management of investment funds , most often specializing in private and public equity , real assets , alternative assets , and/or bonds. The more generic term asset management may refer to management of assets not necessarily primarily held for investment purposes. Most investment management clients can be classified as either institutional or retail/advisory , depending on if
5160-569: Is one of Europe's most labor-intensive industries. In late 2020, it accounted for more than 21 million employment in the European Union when combined with social work. According to the WHO , several countries began the COVID-19 pandemic with insufficient health and care professionals, inappropriate skill mixtures, and unequal geographical distributions. These issues were worsened by the pandemic, reiterating
5289-530: Is part of a country's overall healthcare system. Public health is implemented through the surveillance of cases and health indicators , and through the promotion of healthy behaviors . Common public health initiatives include promotion of hand-washing and breastfeeding , delivery of vaccinations , promoting ventilation and improved air quality both indoors and outdoors , suicide prevention , smoking cessation , obesity education , increasing healthcare accessibility and distribution of condoms to control
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5418-404: Is plentiful, then there is evidence that value styles tend to outperform the indices particularly successfully. Large asset managers are increasingly profiling their equity portfolio managers to trade their orders more effectively. While this strategy is less effective with small-cap trades, it has been effective for portfolios with large-cap companies. Fund performance is often thought to be
5547-487: Is poor maternal and child health, exacerbated by malnutrition and poverty. The WHO reports that a lack of exclusive breastfeeding during the first six months of life contributes to over a million avoidable child deaths each year. Public health surveillance has led to the identification and prioritization of many public health issues facing the world today, including HIV/AIDS , diabetes , waterborne diseases , zoonotic diseases , and antibiotic resistance leading to
5676-514: Is related to public health. The American Board of Preventive Medicine separates three categories of preventive medicine: aerospace health, occupational health , and public health and general preventative medicine. Jung, Boris and Lushniak argue that preventive medicine should be considered the medical specialty for public health but note that the American College of Preventive Medicine and American Board of Preventive Medicine do not prominently use
5805-437: Is that the investment manager prefers a closer, more open, and honest relationship with a company's management team than would exist if they exercised control; allowing them to make a better investment decision. The national context in which shareholder representation considerations are set is variable and important. The USA is a litigious society and shareholders use the law as a lever to pressure management teams. In Japan, it
5934-557: Is the case when a large active manager sells his position in a company, leading to (possibly) a decline in the stock price, but more importantly a loss of confidence by the markets in the management of the company, thus precipitating changes in the management team. Some institutions have been more vocal and active in pursuing such matters; for instance, some firms believe that there are investment advantages to accumulating substantial minority shareholdings (i.e. 10% or more) and putting pressure on management to implement significant changes in
6063-540: Is the control of tobacco smoking . Many nations have implemented major initiatives to cut smoking, such as increased taxation and bans on smoking in some or all public places. Supporters argue by presenting evidence that smoking is one of the major killers, and that therefore governments have a duty to reduce the death rate, both through limiting passive (second-hand) smoking and by providing fewer opportunities for people to smoke. Opponents say that this undermines individual freedom and personal responsibility, and worry that
6192-495: Is the principle that different generations provide support to each other across the different stages of their lives. This contract functions in both our responsibilities within our families and within society as a whole, as well as the role of the government. The intergenerational contract generally works because everyone puts in and everyone takes out. The goal of the contract is to support the older generations because so as we grow old, we will believe and expect that we will be treated
6321-474: Is to eliminate social barriers and difficulties associated with age, including discrimination on the grounds of age. These policies contain specific programs and actions aimed at supporting simultaneous participation of children, youth, and older adults. An intergenerational approach to public policy recognizes that generations share basic needs including adequate income, access to quality health care and social services, educational and employment opportunities, and
6450-1515: Is to improve the health of individuals and populations, and to increase life expectancy . Public health is a complex term, composed of many elements and different practices. It is a multi-faceted, interdisciplinary field. For example, epidemiology , biostatistics , social sciences and management of health services are all relevant. Other important sub-fields include environmental health , community health , behavioral health , health economics , public policy , mental health , health education , health politics , occupational safety , disability , gender issues in health, and sexual and reproductive health . Modern public health practice requires multidisciplinary teams of public health workers and professionals. Teams might include epidemiologists , biostatisticians , physician assistants , public health nurses , midwives , medical microbiologists , pharmacists , economists , sociologists , geneticists , data managers , environmental health officers ( public health inspectors ), bioethicists , gender experts, sexual and reproductive health specialists, physicians , and veterinarians . The elements and priorities of public health have evolved over time, and are continuing to evolve. Common public health initiatives include promotion of hand-washing and breastfeeding , delivery of vaccinations , suicide prevention , smoking cessation , obesity education , increasing healthcare accessibility and distribution of condoms to control
6579-422: Is to report the after-tax position of some standard taxpayer. Performance measurement should not be reduced to the evaluation of fund returns alone, but must also integrate other fund elements that would be of interest to investors, such as the measure of risk taken. Several other aspects are also part of performance measurement: evaluating if managers have succeeded in reaching their objective, i.e. if their return
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#17328512939136708-439: Is traditional for shareholders to be below in the 'pecking order', which often allows management and labor to ignore the rights of the ultimate owners. Whereas US firms generally cater to shareholders, Japanese businesses generally exhibit a stakeholder mentality, in which they seek consensus amongst all interested parties (against a background of strong unions and labor legislation ). Conventional assets under management of
6837-413: Is what investment management firms are paid for. Asset classes exhibit different market dynamics, and different interaction effects; thus, the allocation of money among asset classes will have a significant effect on the performance of the fund. Some research suggests that allocation among asset classes has more predictive power than the choice of individual holdings in determining portfolio return. Arguably,
6966-504: The Bill & Melinda Gates Foundation , bilateral donors, and multilateral donors such as the World Bank or UNICEF . The result has been a sharp rise in uncoordinated and fragmented funding of an ever-increasing number of initiatives and projects. To promote better strategic cooperation and coordination between partners, particularly among bilateral development agencies and funding organizations,
7095-450: The CAPM , allowing a better description of portfolio risks and a more accurate evaluation of a portfolio's performance. For example, Fama and French (1993) have highlighted two important factors that characterize a company's risk in addition to market risk. These factors are the book-to-market ratio and the company's size as measured by its market capitalization. Fama and French-, therefore proposed
7224-525: The Institute for Health Metrics and Evaluation and the World Health Organization has shown a link between international health aid in developing countries and a reduction in adult mortality rates. However, a 2014–2016 study suggests that a potential confounding variable for this outcome is the possibility that aid was directed at countries once they were already on track for improvement. That same study, however, also suggests that 1 billion dollars in health aid
7353-686: The Swedish International Development Cooperation Agency (Sida) spearheaded the establishment of ESSENCE, an initiative to facilitate dialogue between donors/funders, allowing them to identify synergies. ESSENCE brings together a wide range of funding agencies to coordinate funding efforts. In 2009 health aid from the OECD amounted to $ 12.47 billion which amounted to 11.4% of its total bilateral aid. In 2009, Multilateral donors were found to spend 15.3% of their total aid on bettering public healthcare. Debates exist questioning
7482-627: The United Nations hosting its first General Assembly Special Summit on the issue of non-communicable diseases in September 2011. There is a significant disparity in access to health care and public health initiatives between developed countries and developing countries , as well as within developing countries. In developing countries, public health infrastructures are still forming. There may not be enough trained health workers , monetary resources or, in some cases, sufficient knowledge to provide even
7611-588: The American Legacy Foundation in 2000. This campaign aimed to educate and discourage young people from smoking by exposing the tobacco industry's deceptive practices. Through a combination of powerful visuals, persuasive storytelling, and relatable messaging, the "Truth" campaign successfully reduced smoking rates among teenagers and young adults. Many health problems are due to maladaptive personal behaviors. From an evolutionary psychology perspective, over consumption of novel substances that are harmful
7740-541: The US or BI-SAM in Europe) compile aggregate industry data, e.g., showing how funds in general performed against given performance indices and peer groups over various periods. In a typical case (let us say an equity fund ), the calculation would be made (as far as the client is concerned) every quarter and would show a percentage change compared with the prior quarter (e.g., +4.6% total return in US dollars). This figure would be compared with other similar funds managed within
7869-526: The United States and less so in Europe. However, as of 2019, the lines were becoming blurred. Money management is used in investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function . Money management can mean gaining greater control over outgoings and incomings, both in
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#17328512939137998-534: The United States, refers to both a firm that provides investment management services and to the individual who directs fund management decisions. The five largest asset managers are holding 22.7 percent of the externally held assets. Nevertheless, the market concentration, measured via the Herfindahl-Hirschmann Index , could be estimated at 173.4 in 2018, showing that the industry is not very concentrated. The business of investment has several facets,
8127-429: The acid test of fund management, and in the institutional context, accurate measurement is a necessity. For that purpose, institutions measure the performance of each fund (and usually for internal purposes components of each fund) under their management, and performance is also measured by external firms that specialize in performance measurement. The leading performance measurement firms (e.g. Russell Investment Group in
8256-452: The age of five were overweight in 2014. Once considered a problem in high-income countries, it is now on the rise in low-income countries, especially in urban settings. Many public health programs are increasingly dedicating attention and resources to the issue of obesity, with objectives to address the underlying causes including healthy diet and physical exercise . The National Institute for Health and Care Research (NIHR) has published
8385-405: The authors opined that "The fact that type 2 diabetes, a largely preventable disorder, has reached epidemic proportion is a public health humiliation." The risk of type 2 diabetes is closely linked with the growing problem of obesity . The WHO's latest estimates as of June 2016 highlighted that globally approximately 1.9 billion adults were overweight in 2014, and 41 million children under
8514-422: The beginnings of human civilization , communities promoted health and fought disease at the population level. In complex , pre-industrialized societies , interventions designed to reduce health risks could be the initiative of different stakeholders, such as army generals, the clergy or rulers. Great Britain became a leader in the development of public health initiatives, beginning in the 19th century, due to
8643-439: The benefit of investors . Investors may be institutions , such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts/mandates or via collective investment schemes like mutual funds , exchange-traded funds , or Real estate investment trusts . Source: Venture the board includes expertly overseeing speculation portfolios for
8772-589: The benefit of clients to accomplish their monetary objectives. This incorporates key resource designation, developing broadened portfolios, and effectively observing execution while relieving gambles. Speculation administrators use exploration and examination to recognize valuable open doors and pursue informed choices, guaranteeing portfolios line up with client targets and hazard resilience. In addition, successful investment management requires adherence to ethical standards, compliance with regulations, and effective communication with clients. The term investment management
8901-513: The burden of disease and inequality faced by developing countries and lead to a healthier future. The links between the various sustainable development goals and public health are numerous and well established. Investment management Investment management (sometimes referred to more generally as asset management ) is the professional asset management of various securities , including shareholdings, bonds , and other assets , such as real estate , to meet specified investment goals for
9030-467: The business. In some cases, institutions with minority holdings work together to force management change. Perhaps more frequent is the sustained pressure that large institutions bring to bear on management teams through persuasive discourse and PR. On the other hand, some of the largest investment managers—such as BlackRock and Vanguard —advocate simply owning every company, reducing the incentive to influence management teams. A reason for this last strategy
9159-740: The case of a pandemic it may encompass several continents. The concept of health takes into account physical, psychological , and social well-being , among other factors. Public health is an interdisciplinary field. For example, epidemiology , biostatistics , social sciences and management of health services are all relevant. Other important sub-fields include environmental health , community health , behavioral health , health economics , public policy , mental health , health education , health politics , occupational safety , disability , oral health , gender issues in health, and sexual and reproductive health . Public health, together with primary care , secondary care, and tertiary care ,
9288-514: The client is an institution or private individual/ family trust . Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the context of " private banking ". Wealth management by financial advisors takes a more holistic view of a client, with allocations to particular asset management strategies. The term fund manager, or investment adviser in
9417-468: The companies in which they hold shares (e.g., to hold managers to account, to ensure Board's effective functioning). Such action would add a pressure group to those (the regulators and the Board) overseeing management. However, there is the problem of how the institution should exercise this power. One way is for the institution to decide, the other is for the institution to poll its beneficiaries. Assuming that
9546-441: The companies via the voting rights the shares carry and the consequent ability to pressure managements, and if necessary out-vote them at annual and other meetings. In practice, the ultimate owners of shares often do not exercise the power they collectively hold (because the owners are many, each with small holdings); financial institutions (as agents) sometimes do. Institutional shareholders should exercise more active influence over
9675-439: The context of institutional investment management , intergenerational equity is the principle that an endowed institution 's spending rate must not exceed its after-inflation rate of compound return , so that investment gains are spent equally on current and future constituents of the endowed assets. This concept was originally set out in 1974 by economist James Tobin , who wrote that, "The trustees of endowed institutions are
9804-458: The correct approach is to find a framework that best describes a situation and see what it implies about public health policy. The definition of health is vague and there are many conceptualizations. Public health practitioners definition of health can different markedly from members of the public or clinicians . This can mean that members of the public view the values behind public health interventions as alien which can cause resentment amongst
9933-419: The distribution of health between and within populations and are often shaped by policy. A social gradient in health runs through society. The poorest generally have the worst health, but even the middle classes will generally have worse health outcomes than those of a higher social level. The new public health advocates for population-based policies that improve health in an equitable manner. The health sector
10062-404: The effects of chronic diseases as life expectancy increases, the poorer communities being heavily affected by both chronic and infectious diseases. Another major public health concern in the developing world is poor maternal and child health, exacerbated by malnutrition and poverty. The WHO reports that a lack of exclusive breastfeeding during the first six months of life contributes to over
10191-422: The efficacy of international health aid. Supporters of aid claim that health aid from wealthy countries is necessary in order for developing countries to escape the poverty trap . Opponents of health aid claim that international health aid actually disrupts developing countries' course of development, causes dependence on aid, and in many cases the aid fails to reach its recipients. For example, recently, health aid
10320-616: The employment of professional fund managers, research (of individual assets and asset classes ), dealing, settlement, marketing, internal auditing , and the preparation of reports for clients. The largest financial fund managers are firms that exhibit all the complexity their size demands. Apart from the people who bring in the money (marketers) and the people who direct investment (the fund managers), there are compliance staff (to ensure accord with legislative and regulatory constraints), internal auditors of various kinds (to examine internal systems and controls), financial controllers (to account for
10449-800: The expense: 1. avoid any expense that appeals to vanity or snobbery 2. always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any) 3. favor expenditures on interest-bearing items over all others 4. establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to the standard of living value system. These techniques are investment-boosting and portfolio-multiplying. There are certain companies as well that offer services, provide counseling and different models for managing money. These are designed to manage grace assets and make them grow. Wealth management , where financial advisors perform financial planning for clients, has traditionally served as an intermediary to investment managers in
10578-755: The fact that it was the first modern urban nation worldwide. The public health initiatives that began to emerge initially focused on sanitation (for example, the Liverpool and London sewerage systems ), control of infectious diseases (including vaccination and quarantine ) and an evolving infrastructure of various sciences, e.g. statistics, microbiology, epidemiology, sciences of engineering. Public health has been defined as "the science and art of preventing disease ", prolonging life and improving quality of life through organized efforts and informed choices of society , organizations (public and private), communities and individuals . The public can be as small as
10707-479: The global fund management industry increased by 10% in 2010, to $ 79.3 trillion. Pension assets accounted for $ 29.9 trillion of the total, with $ 24.7 trillion invested in mutual funds and $ 24.6 trillion in insurance funds. Together with alternative assets (sovereign wealth funds, hedge funds, private equity funds, and exchange-traded funds) and funds of wealthy individuals, assets of the global fund management industry totalled around $ 117 trillion. Growth in 2010 followed
10836-522: The group, and classify others into separate “out-groups” based on dissimilar characteristic. As individuals create in- and out-groups from generational identities, interactions between members can be impacted and conflict can occur. This bias between generations occurs because of the human need to belong to a social group to provide a sense of social identity, pride, and self esteem, but may also create stereotypes about those in different social groups, which may be generations. An inter-generational contract
10965-678: The guardians of the future against the claims of the present. Their task in managing the endowment is to preserve equity among generations." Conversations about intergenerational equity occur across several fields. They include transition economics , social policy , and government budget-making . Intergenerational equity is also explored in environmental concerns, including sustainable development , global warming and climate change . Conversations about intergenerational equity are also relevant to social justice arenas as well, where issues such as health care are equal in importance to youth rights and youth voice are pressing and urgent. There
11094-448: The harmful and undesirable effects of tobacco smoking on other persons and imposing smoking bans in public places have been particularly effective in reducing tobacco smoking. Public libraries can also be beneficial tools for public health changes. They provide access to healthcare information, link people to healthcare services, and even can provide direct care in certain situations. As well as seeking to improve population health through
11223-577: The heart of the investment management industry are the managers who invest and divest client investments. A certified company investment advisor should conduct an assessment of each client's individual needs and risk profile. The advisor then recommends appropriate investments. The different asset class definitions are widely debated, but four common divisions are cash and fixed income (such as certificates of deposit), stocks , bonds and real estate . The exercise of allocating funds among these assets (and among individual securities within each asset class)
11352-796: The highest possible level of health". The WHO's broad mandate includes advocating for universal healthcare, monitoring public health risks, coordinating responses to health emergencies, and promoting human health and well-being. The WHO has played a leading role in several public health achievements, most notably the eradication of smallpox , the near- eradication of polio , and the development of an Ebola vaccine . Its current priorities include communicable diseases , particularly HIV/AIDS , Ebola , COVID-19 , malaria and tuberculosis ; non-communicable diseases such as heart disease and cancer; healthy diet , nutrition, and food security ; occupational health ; and substance abuse . Most countries have their own governmental public health agency, often called
11481-446: The implementation of specific population-level interventions, public health contributes to medical care by identifying and assessing population needs for health care services, including: Some programs and policies associated with public health promotion and prevention can be controversial. One such example is programs focusing on the prevention of HIV transmission through safe sex campaigns and needle-exchange programs . Another
11610-487: The importance of associating products with high status and attractiveness to others. Films are increasingly being recognized as a public health tool, with the Harvard University 's T.H. Chan School of Public Health categorizing such films as "impact filmmaking." In fact, film festivals and competitions have been established to specifically promote films about health. Conversely, it has been argued that emphasizing
11739-441: The importance of public health programs in reducing the incidence of disease, disability, and the effects of aging and other physical and mental health conditions. However, public health generally receives significantly less government funding compared with medicine. Although the collaboration of local health and government agencies is considered best practice to improve public health, the pieces of evidence available to support this
11868-477: The importance of public health. In the United States, a history of underinvestment in public health undermined the public health workforce and support for population health, long before the pandemic added to stress, mental distress, job dissatisfaction, and accelerated departures among public health workers. Health aid to developing countries is an important source of public health funding for many developing countries. Health aid to developing countries has shown
11997-410: The influence of the business cycle. This can be difficult however and, industry-wide, there is a serious preoccupation with short-term numbers and the effect on the relationship with clients (and resultant business risks for the institutions). One effective solution to this problem is to include a minimum evaluation period in the investment management agreement, whereby the minimum evaluation period equals
12126-566: The institution (for purposes of monitoring internal controls), with performance data for peer group funds, and with relevant indices (where available) or tailor-made performance benchmarks where appropriate. The specialist performance measurement firms calculate quartile and decile data and close attention would be paid to the (percentile) ranking of any fund. It is probably appropriate for an investment firm to persuade its clients to assess performance over longer periods (e.g., 3 to 5 years) to smooth out very short-term fluctuations in performance and
12255-414: The institution polls, should it then: (i) Vote the entire holding as directed by the majority of votes cast? (ii) Split the vote (where this is allowed) according to the proportions of the vote? (iii) Or respect the abstainers and only vote the respondents' holdings? The price signals generated by large active managers holding or not holding the stock may contribute to management change. For example, this
12384-413: The institutions' own money and costs), computer experts, and "back office" employees (to track and record transactions and fund valuations for up to thousands of clients per institution). Key problems include: Institutions often control huge shareholdings. In most cases, they are acting as fiduciary agents rather than principals (direct owners). The owners of shares theoretically have great power to alter
12513-452: The inter-generational ministry movement is that of family involvement. Concerns over divorce , abuse and other family disruptions led to criticism of how traditional church activities typically segregate family members according to age, thus de-emphasizing family relationships. Inter-generational activities were seen as a means to involve families as units, thus reinforcing family bonds. Intergenerationality in religion can be conceptualized as
12642-485: The investment manager's investment horizon. An enduring problem is whether to measure before-tax or after-tax performance. After-tax measurement represents the benefit to the investor, but investors' tax positions may vary. Before-tax measurement can be misleading, especially in regimens that tax realised capital gains (and not unrealised). It is thus possible that successful active managers (measured before tax) may produce miserable after-tax results. One possible solution
12771-454: The linear combination of style indices that best replicate portfolio style allocation, and leads to an accurate evaluation of portfolio alpha. However, certain research indicates that internet data may not necessarily enhance the precision of predictive models. At the undergraduate level, several business schools and universities internationally offer "Investments" as a subject within their degree; further, some universities, in fact, confer
12900-545: The manager's qualifications. Some conclude that there is no evidence that any particular qualification enhances the manager's ability to select investments that result in above-average returns. But see also Chartered Financial Analyst § Efficacy of the CFA program re related research. Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of one's money, which includes investment management and wealth management . Money management
13029-413: The manager's skill (or luck), whether through market timing , stock picking , or good fortune. The first component is related to allocation and style investment choices, which may not be under the sole control of the manager, and depends on the economic context, while the second component is an evaluation of the success of the manager's decisions. Only the latter, measured by alpha, allows the evaluation of
13158-515: The manager's true performance (but then, only if you assume that any outperformance is due to the skill and not luck). Portfolio returns may be evaluated using factor models. The first model, proposed by Jensen (1968), relies on the CAPM and explains portfolio returns with the market index as the only factor. It quickly becomes clear, however, that one factor is not enough to explain the returns very well and that other factors have to be considered. Multi-factor models were developed as an alternative to
13287-892: The ministry of health, with responsibility for domestic health issues. For example, in the United States , state and local health departments are on the front line of public health initiatives. In addition to their national duties, the United States Public Health Service (PHS), led by the Surgeon General of the United States Public Health Service , and the Centers for Disease Control and Prevention , headquartered in Atlanta , are also involved with international health activities. Most governments recognize
13416-532: The needs of the normative group. Identifying bias within public health research and practice is essential to ensuring public health efforts mitigate and don't aggravate health inequities. The World Health Organization (WHO) is a specialized agency of the United Nations responsible for international public health. The WHO Constitution, which establishes the agency's governing structure and principles, states its main objective as "the attainment by all peoples of
13545-486: The notion of rewarding risk and produced the first performance indicators, be they risk-adjusted ratios ( Sharpe ratio , information ratio) or differential returns compared to benchmarks (alphas). The Sharpe ratio is the simplest and best-known performance measure. It measures the return of a portfolio over above the risk-free rate, compared to the total risk of the portfolio. This measure is said to be absolute, as it does not refer to any benchmark, avoiding drawbacks related to
13674-452: The prevalence of infectious diseases decreased through the 20th century , public health began to put more focus on chronic diseases such as cancer and heart disease . Previous efforts in many developed countries had already led to dramatic reductions in the infant mortality rate using preventive methods. In Britain, the infant mortality rate fell from over 15% in 1870 to 7% by 1930. A major public health concern in developing countries
13803-484: The public towards certain interventions. Such vagueness can be a problem for health promotion . Critics have argued that public health tends to place more focus on individual factors associated with health at the expense of factors operating at the population level. Historically, public health campaigns have been criticized as a form of " healthism ", as moralistic in nature rather than being focused on health. Medical doctors, Petr Shkrabanek and James McCormick wrote
13932-466: The reasons why the manager can produce above-average results. Ethical or religious principles may be used to determine or guide the way in which money is invested. Christians tend to follow the Biblical scripture . Several religions follow Mosaic law which proscribed the charging of interest . The Quakers forbade involvement in the slave trade and so started the concept of ethical investment . At
14061-473: The reemergence of infectious diseases such as tuberculosis . Antibiotic resistance , also known as drug resistance, was the theme of World Health Day 2011 . For example, the WHO reports that at least 220 million people worldwide have diabetes. Its incidence is increasing rapidly, and it is projected that the number of diabetes deaths will double by 2030. In a June 2010 editorial in the medical journal The Lancet ,
14190-750: The relationship between the generations. These basic needs include things such as income, health care, social services, educational policy, employment policy, and architectural and environmental policies. Intergenerational policies include but are not limited to discourse and ways of resource distribution between generations. Such policies may be forced upon other generations through physical force or through symbolic violence by another generation, but can also be created through dialogue. Intergenerational policies can be targeted to increase age integration by facilitating interaction between people of different age groups by supporting physical proximity, developing common interests, or by other mechanisms. The purpose of integration
14319-574: The same generation in different collectivities—for example, young people in different countries. This equity is also vertical—different treatment of different generations in order to compensate for differences in, for example, education and place of origin." Intergenerational equity, in the sociological and psychological context, is the concept or idea of fairness or justice in relationships between children , youth , adults and seniors , particularly in terms of treatment and interactions. It has been studied in environmental and sociological settings. In
14448-418: The same. The most common use of the term is in statutory pension insurance provisions and refers to the consensus to provide pension for the retired generations through payments made by the working generations. Intergenerational cycles of violence occur when violence is passed from father or mother to son or daughter, parent to child, or sibling to sibling. It often refers to violent behavior learned as
14577-409: The simple act of handwashing with soap can prevent the spread of many contagious diseases . In other cases, treating a disease or controlling a pathogen can be vital to preventing its spread to others, either during an outbreak of infectious disease or through contamination of food or water supplies. Public health, together with primary care , secondary care, and tertiary care , is part of
14706-639: The skill of a successful investment manager resides in constructing the asset allocation, and separating individual holdings, to outperform certain benchmarks (e.g., the peer group of competing funds, bonds, and stock indices). It is important to look at the evidence on the long-term returns to different assets, and to holding period returns (the returns that accrue on average over different lengths of investment). For example, over very long holding periods (e.g. 10+ years) in most countries, equities have generated higher returns than bonds, and bonds have generated higher returns than cash. According to financial theory, this
14835-591: The social determinants of health, are also a growing area of concern in public health. A central challenge to securing health equity is that the same social structures that contribute to health inequities also operate and are reproduced by public health organizations. In other words, public health organizations have evolved to better meet the needs of some groups more than others. The result is often that those most in need of preventative interventions are least likely to receive them and interventions can actually aggravate inequities as they are often inadvertently tailored to
14964-409: The spread of sexually transmitted diseases . Public health aims are achieved through surveillance of cases and the promotion of healthy behaviors , communities and environments . Analyzing the determinants of health of a population and the threats it faces is the basis for public health. Many diseases are preventable through simple, nonmedical methods. For example, research has shown that
15093-438: The spread of sexually transmitted diseases . There is a significant disparity in access to health care and public health initiatives between developed countries and developing countries , as well as within developing countries. In developing countries, public health infrastructures are still forming. There may not be enough trained healthcare workers , monetary resources, or, in some cases, sufficient knowledge to provide even
15222-418: The state may be encouraged to remove more and more choice in the name of better population health overall. Psychological research confirms this tension between concerns about public health and concerns about personal liberty: (i) the best predictor of complying with public health recommendations such as hand-washing, mask-wearing, and staying at home (except for essential activity) during the COVID-19 pandemic
15351-511: The strictest sense. For example, mandating the use of seat belts in cars can save countless lives and contribute to the health of a population, but typically money spent enforcing this rule would not count as money spent on health care. Large parts of the world remained plagued by largely preventable or treatable infectious diseases. In addition to this however, many developing countries are also experiencing an epidemiological shift and polarization in which populations are now experiencing more of
15480-502: The term "public health". Preventive medicine specialists are trained as clinicians and address complex health needs of a population such as by assessing the need for disease prevention programs, using the best methods to implement them, and assessing their effectiveness. Since the 1990s many scholars in public health have been using the term population health . There are no medical specialties directly related to population health. Valles argues that consideration of health equity
15609-654: The transmission of religious practices, beliefs, or affiliations from parent to child. This approach identifies parents as possessing religious agency and places young people as passive recipients of religion and the behavioral characteristics associated with a particular kind of faith. Research also finds that children serve in a reciprocal approach, where the young person might influence the adult's religiosity and practices of worship and faith. Studies show that children attending Sunday Schools and youth programs are less likely to continue church involvement, compared to those who attended worship with parents, and are integrated into
15738-425: The will of another, will not help the other generation and also makes it difficult for the other generation to act. Intergenerational conflict also describes cultural, social, or economic discrepancies between generations, which may be caused by shifts in values or conflicts of interest between younger and older generations. An example are changes to an inter-generational contract that may be necessary to reflect
15867-462: The worldwide context. It has been defined as "the area of study, research and practice that places a priority on improving health and achieving equity in " Health for all " people worldwide". International health is a field of health care, usually with a public health emphasis, dealing with health across regional or national boundaries. Public health is not the same as public healthcare ( publicly funded health care ). The term preventive medicine
15996-418: Was a leader in the development of public health during that time period out of necessity: Great Britain was the first modern urban nation (by 1851 more than half of the population lived in settlements of more than 2000 people). This led to a certain type of distress which then led to public health initiatives. Later that particular concern faded away. With the onset of the epidemiological transition and as
16125-882: Was associated with 364,000 fewer deaths occurring between ages 0 and 5 in 2011. To address current and future challenges in addressing health issues in the world, the United Nations have developed the Sustainable Development Goals to be completed by 2030. These goals in their entirety encompass the entire spectrum of development across nations, however Goals 1–6 directly address health disparities , primarily in developing countries. These six goals address key issues in global public health , poverty , hunger and food security , health, education, gender equality and women's empowerment , and water and sanitation . Public health officials can use these goals to set their own agenda and plan for smaller scale initiatives for their organizations. These goals are designed to lessen
16254-408: Was funneled towards initiatives such as financing new technologies like antiretroviral medication , insecticide-treated mosquito nets , and new vaccines. The positive impacts of these initiatives can be seen in the eradication of smallpox and polio ; however, critics claim that misuse or misplacement of funds may cause many of these efforts to never come into achievement. Economic modeling based on
16383-413: Was originated by Markowitz (and many others). Effective diversification requires management of the correlation between the asset returns and the liability returns, issues internal to the portfolio (individual holdings volatility), and cross-correlations between the returns. There is a range of different styles of fund management that the institution can implement. For example, growth , value, growth at
16512-420: Was people's perceived duties to prevent harm but (ii) the best predictor of flouting such public health recommendations was valuing liberty more than equality. Simultaneously, while communicable diseases have historically ranged uppermost as a global health priority, non-communicable diseases and the underlying behavior-related risk factors have been at the bottom. This is changing, however, as illustrated by
16641-527: Was sufficiently high to reward the risks taken; how they compare to their peers; and finally, whether the portfolio management results were due to luck or the manager's skill. The need to answer all these questions has led to the development of more sophisticated performance measures, many of which originate in modern portfolio theory . Modern portfolio theory established the quantitative link that exists between portfolio risk and returns. The capital asset pricing model (CAPM) developed by Sharpe (1964) highlighted
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