Fiscal Policy and Social Security Policy During the 1990s

This paper reviews the course of fiscal policy and Social Security policy during the 1990s. The 1990s witnessed two fundamental changes in U.S. fiscal policy: a dramatic improvement in the current and projected budget balance, and a shift to a new political consensus in favor of balancing the budget excluding Social Security rather than the unified budget. The dramatic improvement in the budget outlook stemmed both from favorable developments in the economic environment and from deliberate policy actions that reduced budget deficits and later did not spend down the surpluses. In contrast, the 1990s did not witness significant changes in Social Security policy, although alternative visions of Social Security reform received tremendous analytic and popular attention. The 1994-1996 Advisory Council on Social Security presented three reform plans that placed important emphasis on additional prefunding. Each involved some form of investment in equities either centrally, through the trust fund, or in a decentralized manner, through individual accounts. Late in the decade, with the emergence of on-budget surpluses, the possibility of general revenue contributions to the Social Security system came under serious consideration. In the end, President Clinton decided to pursue Social Security reform based on general revenue contributions to the trust fund and centralized investment in equities rather than creating individual accounts, but his proposal was not adopted.

The O(n)O(n) model on a random surface: critical points and large order behaviour

In this article we report a preliminary investigation of the large $N$ limit of a generalized one-matrix model which represents an $O(n)$ symmetric model on a random lattice. The model on a regular lattice is known to be critical only for $-2\le n\le 2$. This is the situation we shall discuss also here, using steepest descent. We first determine the critical and multicritical points, recovering in particular results previously obtained by Kostov. We then calculate the scaling behaviour in the critical region when the cosmological constant is close to its critical value. Like for the multi-matrix models, all critical points can be classified in terms of two relatively prime integers $p,q$. In the parametrization $p=(2m+1)q \pm l$, $m,l$ integers such that $0<l<q$, the string susceptibility exponent is found to be $\gamma_{\rm string}=-2l/(p+q-l)$. When $l=1$ we find that all results agree with those of the corresponding $(p,q)$ string models, otherwise they are different.\par We finally explain how to derive the large order behaviour of the corresponding topological expansion in the double scaling limit.Comment: 33 page

Analog VLSI Implementation of Multi-dimensional Gradient Descent

We describe an analog VLSI implementation of a multi-dimensional gradient estimation and descent technique for minimizing an on-chip scalar function f(). The implementation uses noise injection and multiplicative correlation to estimate derivatives, as in [Anderson, Kerns 92]. One intended application of this technique is setting circuit parameters on-chip automatically, rather than manually [Kirk 91]. Gradient descent optimization may be used to adjust synapse weights for a backpropagation or other on-chip learning implementation. The approach combines the features of continuous multi-dimensional gradient descent and the potential for an annealing style of optimization. We present data measured from our analog VLSI implementation

We haven't got a seat on the bus for you or All the seats are mine: Narratives and career transitions in professional golf

In this article we explore how the stories an athlete tells throughout life in sport affect her career transition experiences. We base our enquiry on a social constructionist conception of narrative theory which holds that storytelling is integral to the creation and maintenance of identity and sense of self. Life stories were gathered through interviews with two professional women golfers (Christiana and Kandy) over a six‐year period. Through a narrative analysis of structure and form we explored each participant’s stories of living in and withdrawing from professional golf. We suggest Christiana told monological performance‐oriented stories which, while aligning with the culture of elite sport, resulted in an exclusive athletic identity and foreclosure of alternative selves and roles. On withdrawal, Christiana experienced narrative wreckage, identity collapse, mental health difficulties and considerable psychological trauma. In contrast, Kandy told dialogical discovery‐oriented stories which, while being in tension with the dominant performance narrative, created and sustained a multidimensional identity and self. Her stories and identity remained intact, authentic and continuous on withdrawal from tournament golf and she experienced few psychological problems

Roe v. Wade and American Fertility

We consider the effect of abortion legalization on births in the United States. A simple theoretical model demonstrates that the impact of abortion legalization on the birth rate is ambiguous, because both pregnancy and abortion decisions could be affected. We use variation in the timing of legalization across states in the early 1970's to estimate the effect of abortion on birth rates. Our findings indicate that states legalizing abortion experienced a 5% decline in births relative to other states. The decline among teens, women over 35, and nonwhite women was even greater: 13%, 8%, and 12% respectively. Out-of-wedlock births declined by twice as much as births in wedlock. If legalization in some states affected birth rates in neighboring states (through travel to obtain an abortion), comparing births between states will underestimate the actual reduction. Using more distant comparison states increases the estimated impact of abortion legalization on birth rates to about 8%. Applying this estimate to the current level of births, a complete recriminalization of abortion would result in 320,000 additional births per year.

The Effects of Fish Trap Mesh Size on Reef Fish Catch off Southeastern Florida

Catch and mesh selectivity of wire-meshed fish traps were tested for eleven different mesh sizes ranging from 13 X 13 mm (0.5 x 0.5") to 76 x 152 mm (3 X 6"). A total of 1,810 fish (757 kg) representing 85 species and 28 families were captured during 330 trap hauls off southeastern Florida from December 1986 to July 1988. Mesh size significantly affected catches. The 1.5" hexagonal mesh caught the most fish by number, weight, and value. Catches tended to decline as meshes got smaller or larger. Individual fish size increased with larger meshes. Laboratory mesh retention experiments showed relationships between mesh shape and size and individual retention for snapper (Lutjanidae), grouper (Serranidae), jack (Carangidae), porgy (Sparidae), and surgeonfish (Acanthuridae). These relationships may be used to predict the effect of mesh sizes on catch rates. Because mesh size and shape greatly influenced catchability, regulating mesh size may provide a useful basis for managing the commercial trap fishery

Exploring taboo issues in professional sport through a fictional approach

While the need to consider life course issues in elite sport research and practice is increasingly recognised, some experiences still seem to be considered too dangerous to explore. Consequently, stories of these experiences are silenced and the ethical and moral questions they pose fail to be acknowledged, understood or debated. This paper presents an ethnographic fiction through which we explore a sensitive set of experiences that were uncovered during our research with professional sportspeople. Through a multi‐layered reconstruction, the story reveals the complex, but significant, relationships that exist between identity, cultural narratives and embodied experiences. After the telling we consider how the story has stimulated reflective practice among students, researchers and practitioners. While there are risks involved in writing and sharing taboo stories, the feedback we have received suggests that storytelling can be an effective pedagogical tool in education and professional development