The impact of demographic change on U. S. labor markets: discussion

I enjoyed reading this paper, particularly so because I was writing a paper on aging and its impacts on the German labor market at the very same time that Jane Little and Robert Triest were developing their paper. Their interesting, broad-based, and thoughtful analysis has a decidedly American point of view. My main duty as a discussant, therefore, is to compare their analysis and their projections with a European perspective.Demography ; Economic conditions ; Labor market

International Stock-Bond Correlations in a Simple Affine Asset Pricing Model

In this paper we use an affine asset pricing model to jointly value stocks and bonds. This enables us to derive endogenous correlations and to explain how economic fundamentals influence the correlation between stock and bond returns. The presented model is implemented for G7 post- war economies and its in-sample and out-of-sample performance is assessed by comparing the correlations generated by the model with conventional statistical measures. The affine framework developed in this paper is found to generate stock-bond correlations that are in line with empirically observed figuresAffine Pricing Models, Stock-Bond Correlations, G-7 Countries

A two species trap for chromium and rubidium atoms

We realize a combined trap for bosonic chromium 52Cr and rubidium 87Rb atoms. First experiments focus on exploring a suitable loading scheme for the combined trap and on studies of new trap loss mechanisms originating from simultaneous trapping of two species. By comparing the trap loss from the 87Rb magneto-optical trap (MOT) in absence and presence of magnetically trapped ground state 52Cr atoms we determine the scattering cross section of sigma_{inelRbCr}=(5.0+-4.0)*10^{-18}m^2 for light induced inelastic collisions between the two species. Studying the trap loss from the Rb magneto-optical trap induced by the Cr cooling-laser light, the photoionization cross section of the excited 5P_{3/2} state at an ionizing wavelength of 426nm is measured to be sigma_{p}=(1.1+-0.3)*10^{-21}m^2

Decay of helical and non-helical magnetic knots

We present calculations of the relaxation of magnetic field structures that have the shape of particular knots and links. A set of helical magnetic flux configurations is considered, which we call $n$-foil knots of which the trefoil knot is the most primitive member. We also consider two nonhelical knots; namely, the Borromean rings as well as a single interlocked flux rope that also serves as the logo of the Inter-University Centre for Astronomy and Astrophysics in Pune, India. The field decay characteristics of both configurations is investigated and compared with previous calculations of helical and nonhelical triple-ring configurations. Unlike earlier nonhelical configurations, the present ones cannot trivially be reduced via flux annihilation to a single ring. For the $n$-foil knots the decay is described by power laws that range form $t^{-2/3}$ to $t^{-1/3}$, which can be as slow as the $t^{-1/3}$ behavior for helical triple-ring structures that were seen in earlier work. The two nonhelical configurations decay like $t^{-1}$, which is somewhat slower than the previously obtained $t^{-3/2}$ behavior in the decay of interlocked rings with zero magnetic helicity. We attribute the difference to the creation of local structures that contain magnetic helicity which inhibits the field decay due to the existence of a lower bound imposed by the realizability condition. We show that net magnetic helicity can be produced resistively as a result of a slight imbalance between mutually canceling helical pieces as they are being driven apart. We speculate that higher order topological invariants beyond magnetic helicity may also be responsible for slowing down the decay of the two more complicated nonhelical structures mentioned above.Comment: 11 pages, 27 figures, submitted to Phys. Rev.

Hybrid deterministic and stochastic approach for efficient atomistic simulations at long time scales

We propose a hybrid deterministic and stochastic approach to achieve extended time scales in atomistic simulations that combines the strengths of molecular dynamics (MD) and Monte Carlo (MC) simulations in an easy-to-implement way. The method exploits the rare event nature of the dynamics similar to most current accelerated MD approaches but goes beyond them by providing, without any further computational overhead, (a) rapid thermalization between infrequent events, thereby minimizing spurious correlations, and (b) control over accuracy of time-scale correction, while still providing similar or higher boosts in computational efficiency. We present two applications of the method: (a) Vacancy-mediated diffusion in Fe yields correct diffusivities over a wide range of temperatures and (b) source-controlled plasticity and deformation behavior in Au nanopillars at realistic strain rates (10^4/s and lower), with excellent agreement with previous theoretical predictions and in situ high-resolution transmission electron microscopy observations. The method gives several orders-of-magnitude improvements in computational efficiency relative to standard MD and good scalability with the size of the system.Comment: 4 pages, 2 figures. Corrected logarithm base in figures 2 and

Pushing Purcell-enhancement beyond its limits

Purcell-enhanced emission from a coupled emitter-cavity system is a fundamental manifestation of cavity quantum electrodynamics. Starting from a theoretical description we derive a scheme for photon emission from an emitter coupled to a birefringent cavity that exceeds hitherto anticipated limitations. Based on a recent study and experimental investigation of the intra-cavity coupling of orthogonal polarisation modes in birefringent cavities, we now decouple the emitter and the photon prior to emission from the cavity mode. Effectively, this is "hiding" the emitter from the photon in the cavity to suppress re-excitation, increasing the overall emission through the cavity mirrors. In doing so we show that tailored cavity birefringence can offer significant advantages and that these are practically achievable within the bounds of present-day technology. It is found that birefringence can mitigate the tradeoff between stronger emitter-cavity coupling and efficient photon extraction. This allows for longer cavities to be constructed without a loss of performance -- a significant result for applications where dielectric mirrors interfere with any trapping fields confining the emitter. We then generalise our model to consider a variety of equivalent schemes. For instance, detuning a pair of ground states in a three-level emitter coupled to a cavity in a Lambda-system is shown to provide the same enhancement, and it can be combined with a birefringent cavity to further increase performance. Additionally, it is found that when directly connecting multiple ground states of the emitter to form a chain of coupled states, the extraction efficiency approaches its fundamental upper limit. The principles proposed in this work can be applied in multiple ways to any emitter-cavity system, paving the way to surpassing the traditional limits of such systems with technologies that exist today.Comment: 8 pages, 8 figures plus 3 page appendi