New evidence on taxes and portfolio choice

Identifying the effect of differential taxation on portfolio allocation requires exogenous variation in marginal tax rates. Marginal tax rates vary with income, but income surely affects portfolio choice directly. In systems of individual taxation – like Canada’s – couples with the same household income can face different effective tax rates on capital income when labor income is distributed differently within households. Using this source of variation we find statistically significant but economically modest responses to taxation. In a “placebo” test, using data from the U.S. (which has joint taxation), we find no effect of the intra-household distribution of labor income on portfolios

Groundwater study of the Narrogin townsite

A groundwater study was carried out in the townsite of Narrogin, Western Australia, in April 2002. The study consisted of a drilling program to install a network of groundwater monitoring bores. This report contains background information for the town and its catchment, the climatic, geological and hydrogeological investigations, and conclusions on the town\u27s salinity risk and recommendations for improved water management

Groundwater study of the Wagin townsite

A groundwater study was carried out for the townsite of Wagin with the aim of accelerating the implementation of effective salinity management options

Groundwater study of the Pingelly townsite

A groundwater study was carried out in the townsite of Pingelly, Western Australia. It aimed to accelerate the implementation of effective salinity management options. The study consisted of a drilling investigation, expansion of a piezometer network, groundwater flow modelling and a flood risk analysis

Ruthenaphosphaalkenyls: synthesis, structures, and their conversion to η2‑phosphaalkene complexes

The ruthenaphosphaalkenyls [Ru{PCH-(SiMe2R)}Cl(CO)(PPh3)2] (R = Me, Ph, Tol) have been prepared in good yield by the facile hydroruthenation of the respective phosphaalkynes, RMe2SiCP, with [RuHCl(CO)-(PPh3)3]; all three compounds have been structurally characterized in the solid state. Complemented by DFT studies of these, and the precedent [Ru{PCH(tBu)}Cl(CO)(PPh3)2], the phosphaalkenyl moieties have been established unequivocally to behave as one-electron donors to the coordinately unsaturated, 15-electron “RuCl(CO)(PPh3)2” fragment, corroborating an earlier demonstration of nucleophilic character at phosphorus within the tert-butyl system. Notwithstanding, the ruthenaphosphaalkenyls are shown to react with the nucelophiles Lipz′ (pz′ = pz, pz*, pzH,CF3, pzMe,CF3) to afford the η1,η2-chelated pyrazolylphosphaalkene complexes [Ru{η1-N:η2-P,C-P(pz′)CH(R)}(CO)(PPh3)2], which feature a three-membered metallacyclic (Ru−C−P) core. The nature of these novel compounds is discussed, alongside preliminary insight into the process by which they are formed

Is There a Heat or Eat Trade-off in the UK?

We merge detailed household level expenditure data from older households with historical local weather information. We then test for a heat or eat trade off: do households cut back on food spending to finance the additional cost of keeping warm during cold shocks? For households who cannot smooth consumption over time, cold weather shocks are equivalent to income shocks. We find evidence that the poorest of older households are unable to smooth spending over the worst temperature shocks. Statistically significant reductions in food spending are observed in response to winter temperatures two or more standard deviations colder than expected (which occur about one winter month in forty) and reductions in food expenditure are considerably larger in poorer households