Bargaining with renegotiation in models with on-the-job search

This paper studies renegotiation in models with on-the-job search, with an application to minimum wages. My formulation nests earlier models in the literature as limit cases when the frequency of renegotiation goes to zero or infinity. The equilibrium wage distribution and the bargaining outcomes are unique. When there is a strong response of turnover to a wage increase, firms accept higher wages, which increases the share of the surplus captured by the worker. Turnover responds more to wages when marginally better job offers arrive more frequently, and when renegotiation occurs less frequently. A minimum wage increase leads to a higher density of jobs at the minimum wage. This can spread up the wage distribution, as the increased density provides a motive for firms to accept higher wages in order to reduce turnover. However, this effect depends crucially on the frequency of renegotiation being low

Bargaining with renegotiation in models with on-the-job search

This paper studies a model with wage bargaining, random on-the-job search and renegotiation. Wages are determined by a bargaining process in which the firm and the worker alternate in making offers and there is a probability that this process breaks down. In the model, a given wage contract ends at a Poisson rate, and then the firm and the worker bargain over a new wage. In this setting, a higher wage decreases the firm's markup, but this effect is partly offset by lowering turnover, which increases match surplus. This increase in match surplus enables the worker to capture a higher share of the surplus. This positive effect of a higher wage on match surplus diminishes when they renegotiate more frequently. Eventually, as the contract length tends to zero, the equilibrium of the model converges to the equilibrium payoffs discussed by Pissarides (1994). My model thereby justifies using the Nash bargaining solution with perfectly transferable values in models with on-the-job search. In contrast, when the Poisson rate goes to zero, the equilibrium in the model, which I show to be unique, converges to one of the equilibria found by Shimer (2006)

Bargaining with renegotiation in models with on-the-job search

This paper studies a model with wage bargaining, random on-the-job search and renegotiation. Wages are determined by a bargaining process in which the firm and the worker alternate in making offers and there is a probability that this process breaks down. In the model, a given wage contract ends at a Poisson rate, and then the firm and the worker bargain over a new wage. In this setting, a higher wage decreases the firm's markup, but this effect is partly offset by lowering turnover, which increases match surplus. This increase in match surplus enables the worker to capture a higher share of the surplus. This positive effect of a higher wage on match surplus diminishes when they renegotiate more frequently. Eventually, as the contract length tends to zero, the equilibrium of the model converges to the equilibrium payoffs discussed by Pissarides (1994). My model thereby justifies using the Nash bargaining solution with perfectly transferable values in models with on-the-job search. In contrast, when the Poisson rate goes to zero, the equilibrium in the model, which I show to be unique, converges to one of the equilibria found by Shimer (2006)

Physicochemical properties of pore residues predict activation gating of CaV1.2: A correlation mutation analysis

Single point mutations in pore-forming S6 segments of calcium channels may transform a high-voltage-activated into a low-voltage-activated channel, and resulting disturbances in calcium entry may cause channelopathies (Hemara-Wahanui et al., Proc Natl Acad Sci U S A 102(21):7553–7558, 16). Here we ask the question how physicochemical properties of amino acid residues in gating-sensitive positions on S6 segments determine the threshold of channel activation of CaV1.2. Leucine in segment IS6 (L434) and a newly identified activation determinant in segment IIIS6 (G1193) were mutated to a variety of amino acids. The induced leftward shifts of the activation curves and decelerated current activation and deactivation suggest a destabilization of the closed and a stabilisation of the open channel state by most mutations. A selection of 17 physicochemical parameters (descriptors) was calculated for these residues and examined for correlation with the shifts of the midpoints of the activation curve (ΔVact). ΔVact correlated with local side-chain flexibility in position L434 (IS6), with the polar accessible surface area of the side chain in position G1193 (IIIS6) and with hydrophobicity in position I781 (IIS6). Combined descriptor analysis for positions I781 and G1193 revealed that additional amino acid properties may contribute to conformational changes during the gating process. The identified physicochemical properties in the analysed gating-sensitive positions (accessible surface area, side-chain flexibility, and hydrophobicity) predict the shifts of the activation curves of CaV1.2

Labor Market Segmentation and Efficient Bargaining in a Macroeconomic Model

Claas O. Labor Market Segmentation and Efficient Bargaining in a Macroeconomic Model. Center for Mathematical Economics Working Papers. Vol 600. Bielefeld: Center for Mathematical Economics; 2018.This paper studies the implications of a segmented labor market with efficient wage– employment bargaining on the internal labor market and a competitive external labor market on the temporary equilibrium of a closed monetary macroeconomy of the AS– AD type with government activity, fiat money, and expectations. Workers have identical preferences, those on the internal labor market are represented by a labor union. There is no mobility between the labor markets. Union power measured by the share of the production surplus allotted to the union and union density measured by the fraction of workers who are union members impact the functional income distribution, but neither affect the individual employment levels nor the aggregate employment level and the aggregate supply function. The wage on the internal labor market is above the wage on the external labor market if and only if the profit share of total revenue is smaller than under a fully competitive labor market. Unique temporary equilibria exist for all combinations of union power and union density. The paper provides a complete comparative-statics analysis showing in particular a negative price effect of union power and a positive price effect of union density. In general, the effects of union power and union density on any equilibrium value are usually of opposite signs. Single-labor-market models with a fully competitive or a fully unionized labor market are special or limiting cases of the segmented-labor-market model

For whom is a health-promoting intervention effective? Predictive factors for performing activities of daily living independently

BACKGROUND: Health-promoting interventions tailored to support older persons to remain in their homes, so-called "ageing in place" is important for supporting or improving their health. The health-promoting programme "Elderly Persons in the Risk Zone," (EPRZ) was set up for this purpose and has shown positive results for maintaining independence in activities of daily living for older persons 80 years and above at 1- and 2 year follow-ups. The aim of this study was to explore factors for maintaining independence in the EPRZ health-promoting programme.METHODS: Total of 459 participants in the original trial was included in the analysis; 345 in the programme arm and 114 in the control arm. Thirteen variables, including demographic, health, and programme-specific indicators, were chosen as predictors for independence of activities of daily living. Logistic regression was performed separately for participants in the health promotion programme and in the control arm.RESULTS: In the programme arm, being younger, living alone and self-rated lack of tiredness in performing mobility activities predicted a positive effect of independence in activities of daily living at 1-year follow-up (odds ratio [OR] 1.18, 1.73, 3.02) and 2-year, (OR 1.13, 2.01, 2.02). In the control arm, being less frail was the only predictor at 1-year follow up (OR 1.6 1.09, 2.4); no variables predicted the outcome at the 2-year follow-up.CONCLUSIONS: Older persons living alone - as a risk of ill health - should be especially recognized and offered an opportunity to participate in health-promoting programmes such as "Elderly Persons in the Risk Zone". Further, screening for subjective frailty could form an advantageous guiding principle to target the right population when deciding to whom health-promoting intervention should be offered.TRIAL REGISTRATION: The original clinical trial was registered at ClinicalTrials.gov. Identifier: NCT00877058 , April 6, 2009

Effect of Low Temperature on Growth and Ultra-Structure of Staphylococcus spp

The effect of temperature fluctuation is an important factor in bacterial growth especially for pathogens such as the staphylococci that have to remain viable during potentially harsh and prolonged transfer conditions between hosts. The aim of this study was to investigate the response of S. aureus, S. epidermidis, and S. lugdunensis when exposed to low temperature (4°C) for prolonged periods, and how this factor affected their subsequent growth, colony morphology, cellular ultra-structure, and amino acid composition in the non-cytoplasmic hydrolysate fraction. Clinical isolates were grown under optimal conditions and then subjected to 4°C conditions for a period of 8 wks. Cold-stressed and reference control samples were assessed under transmission electron microscopy (TEM) to identify potential ultra-structural changes. To determine changes in amino acid composition, cells were fractured to remove the lipid and cytoplasmic components and the remaining structural components were hydrolysed. Amino acid profiles for the hydrolysis fraction were then analysed for changes by using principal component analysis (PCA). Exposure of the three staphylococci to prolonged low temperature stress resulted in the formation of increasing proportions of small colony variant (SCV) phenotypes. TEM revealed that SCV cells had significantly thicker and more diffuse cell-walls than their corresponding WT samples for both S. aureus and S. epidermidis, but the changes were not significant for S. lugdunensis. Substantial species-specific alterations in the amino acid composition of the structural hydrolysate fraction were also observed in the cold-treated cells. The data indicated that the staphylococci responded over prolonged periods of cold-stress treatment by transforming into SCV populations. The observed ultra-structural and amino acid changes were proposed to represent response mechanisms for staphylococcal survival amidst hostile conditions, thus maintaining the viability of the species until favourable conditions arise again

The accuracy of the MMSE in detecting cognitive impairment when administered by general practitioners: A prospective observational study

<p>Abstract</p> <p>Background</p> <p>The Mini-Mental State Examination (MMSE) has contributed to detecting cognitive impairment, yet few studies have evaluated its accuracy when used by general practitioners (GP) in an actual public-health setting.</p> <p>Objectives</p> <p>We evaluated the accuracy of MMSE scores obtained by GPs by comparing them to scores obtained by Alzheimer's Evaluation Units (UVA).</p> <p>Methods</p> <p>The study was observational in design and involved 59 voluntary GPs who, after having undergone training, administered the MMSE to patients with symptoms of cognitive disturbances. Individuals who scored ≤ 24 (adjusted by age and educational level) were referred to Alzheimer's Evaluation Units (UVA) for diagnosis (including the MMSE). UVAs were unblinded to the MMSE score of the GP. To measure interrater agreement, the weighted Kappa statistic was calculated. To evaluate factors associated with the magnitude of the difference between paired scores, a linear regression model was applied. To quantify the accuracy in discriminating no cognitive impairment from any cognitive impairment and from Alzheimer's disease (AD), the ROC curves (AUC) were calculated.</p> <p>Results</p> <p>For the 317 patients, the mean score obtained by GPs was significantly lower (15.8 vs. 17.4 for the UVAs; p < 0.01). However, overall concordance was good (Kappa = 0.86). Only the diagnosis made by the UVA was associated with the difference between paired scores: the adjusted mean difference was 3.1 for no cognitive impairment and 3.8 for mild cognitive impairment. The AUC of the scores for GPs was 0.80 (95%CI: 0.75–0.86) for discriminating between no impairment and any impairment and 0.89 (95%CI: 0.84–0.94) for distinguishing patients with AD, though the UVA scores discriminated better.</p> <p>Conclusion</p> <p>In a public-health setting involving patients with symptoms of cognitive disturbances, the MMSE used by the GPs was sufficiently accurate to detect patients with cognitive impairment, particularly those with dementia.</p