A Simple Test of the Efficiency Wage Hypothesis Revisited

Gerlach and Stephan (1994) proposed a test based on the idea that the wage premium, the part of the wage which is not explained by the stock of human capital, should help predict variables such as career expectations (quit, change occupation, leave the labour force) and some job characteristics (like degree of supervision). We examine a number of issues related to sample selection and split, as well as the choice of tenure and experience variables, and obtain surprisingly robust results, which differ somewhat from theirs: in particular, we find no effect of the wage premium on career expectations. The main source of these differences appears to lie in the pooling of Germans and foreigners. --Efficiency wages,wage equations

Wavelet analysis of the multivariate fractional Brownian motion

The work developed in the paper concerns the multivariate fractional Brownian motion (mfBm) viewed through the lens of the wavelet transform. After recalling some basic properties on the mfBm, we calculate the correlation structure of its wavelet transform. We particularly study the asymptotic behavior of the correlation, showing that if the analyzing wavelet has a sufficient number of null first order moments, the decomposition eliminates any possible long-range (inter)dependence. The cross-spectral density is also considered in a second part. Its existence is proved and its evaluation is performed using a von Bahr-Essen like representation of the function \sign(t) |t|^\alpha. The behavior of the cross-spectral density of the wavelet field at the zero frequency is also developed and confirms the results provided by the asymptotic analysis of the correlation

Unemployment Dynamics and the Cost of Business Cycles

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of the job finding rate in the US economy, this intrinsic asymmetry is enough to generate substantial welfare implications. This result also holds when we allow the job finding rate to be endogenous, provided the structural model is able to reproduce the volatility of the job finding rate. Moreover, the matching model embeds other non-linearities which alter the average job finding rate and so the business cycle cost.business cycle costs, unemployment dynamics

Matching frictions, unemployment dynamics and the cost of business cycles

We investigate the welfare cost of business cycles implied by matching frictions. First, using the reduced-form of the matching model, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of the job finding rate in the US economy, this intrinsic asymmetry increases average unemployment, which leads to substantial business cycles costs. Moreover, the structural matching model embeds other non-linearities, which alter the average job finding rate and consequently the welfare cost of business cycles. Our theory suggests to subsidizing employment in order to dampen the impact of the job finding rate fluctuations on welfare.Business cycle costs; Unemployment dynamics; Matching

A stochastic individual based model for the growth of a stand of Japanese knotweed including mowing as a management technique

Invasive alien species are a growing threat for environment and health. They also have a major economic impact, as they can damage many infrastructures. The Japanese knotweed (Fallopia japonica), present in North America, Northern and Central Europe as well as in Australia and New Zealand, is listed by the World Conservation Union as one of the world's worst invasive species. So far, most models have dealt with how the invasion spreads without management. This paper aims at providing a model able to study and predict the dynamics of a stand of Japanese knotweed taking into account mowing as a management technique. The model we propose is stochastic and individual-based, which allows us taking into account the behaviour of individuals depending on their size and location, as well as individual stochasticity. We set plant dynamics parameters thanks to a calibration with field data, and study the influence of the initial population size, the mean number of mowing events a year and the management project duration on mean area and mean number of crowns of stands. In particular, our results provide the sets of parameters for which it is possible to obtain the stand eradication, and the minimal duration of the management project necessary to achieve this latter

Balanced homodyne detection in second-harmonic generation microscopy

We demonstrate the association of two-photon nonlinear microscopy with balanced homodyne detection for investigating second harmonic radiation properties at nanoscale dimensions. Variation of the relative phase between second-harmonic and fundamental beams is retrieved, as a function of the absolute orientation of the nonlinear emitters. Sensitivity down to approximately 3.2 photon/s in the spatio-temporal mode of the local oscillator is obtained. This value is high enough to efficiently detect the coherent second-harmonic emission from a single KTiOPO4 crystal of sub-wavelength size.Comment: 9 pages to appear in Applied Physics Letter

Hydrothermal synthesis of nanosized BaTiO3 powders and dielectric properties of corresponding ceramics

BaTiO3 fine powders were synthesized by hydrothermal method at 150 °C or 250 °C for 7 h, starting from a mixture of TiCl3 + BaCl2 or TiO2 + BaCl2. The size of the crystallites is close to 20 nm whatever the starting mixture and the reaction temperature. These powders are well crystallized and constituted of a mixture of the metastable cubic and stable tetragonal phases. The ceramics obtained after uniaxial pressing and sintering at 1250 °C for 10 h or 20 h present high densification (up to 99.8%). The Curie temperature (Tc) and the electrical permittivity ( r) of the ceramics strongly depend on the type of titanium source that has been used for preparing the powder and on the sintering dwell time. Particularly, Tc is shifted towards lower temperature when TiCl3 is used. The permittivity value at Tc of BaTiO3 sintered at 1250 °C for 10 h reaches 7000 and 11,000 with respectively TiCl3 and TiO2 used as titanium source

Canine reference intervals for coagulation markers using the STA Satellite and the STA-R Evolution analyzers

The aim of the current study was to determine canine reference intervals for prothrombin time (PT), activated partial thromboplastin time (APTT), fibrinogen, and antithrombin (AT) according to international recommendations. The STA Satellite coefficients of variation of within-laboratory imprecision were 3.9%, 1.3%, 6.9%, and 5.1% for PT, APTT, fibrinogen, and AT, respectively. At 4uC, citrated specimens were stable up to 8 hr for whole blood and 36 hr for plasma, except for APTT, which increased slightly (<1 sec). Nonparametric reference intervals determined in citrated plasma from 139 healthy fasting purebred dogs were 6.9–8.8 sec, 13.1–17.2 sec, 1.24–4.30 g/l, and 104–188% for PT, APTT, fibrinogen, and AT, respectively. Based on Passing–Bablok comparison between STA Satellite and STA-R Evolution using 60 frozen specimens from a canine plasma bank, the corresponding reference intervals were transferred to the STA-R Evolution: 7.1–9.2 sec, 12.9–17.3 sec, 1.20–4.43 g/l, and 94–159% for PT, APTT, fibrinogen, and AT, respectively