Is there a signalling role for public wages? Evidence for the euro area based on macro data

Do public sector wages exert pressures on private sector wages, or has the private sector a leadership role in wage setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for other determinants of wages (prices, productivity, institutions) for the main euro area economies (Germany, France, Italy and Spain) and the periods 1980-2007 and 1991-2007. It exploits available quarterly information not yet used in the literature, and combines different data sources in the framework of mixed-frequencies time series models. The quarterly frequency of our data allows us to check the existence of purely intra-annual links between public and private sector wages (signalling effect). There is strong evidence of public wages’ leadership, either in conjunction with bi-directional links from the private sector (Germany and Spain) or pure public wage leadership (France in the sample 1991-2007, Italy for within-the-year linkages). JEL Classification: C32, C53, J30, J51, J52, E62, E63, H50, H6causal graph, causality, government wages, Mixed frequency data, private sector wages, signalling

A standardised method for measuring in situ denitrification in shallow aquifers: numerical validation and measurements in riparian wetlands

A tracer test to examine in situ denitrification in shallow groundwater by a piezometer with a packer system used bromide as a tracer of dilution and acetylene (10%) to block the denitrification process at the nitrous oxide stage. During the test, dissolved oxygen, nitrate (NO3-), bromide (Br-), nitrous oxide (N2O) and dissolved organic carbon (DOC) were measured. To calibrate the experimental method, comparison with numerical simulations of the groundwater transfer were carried out, taking into account the environmental characteristics. The method was tested by measurements undertaken in different environmental conditions (geology, land use and hydrology) in two riparian wetlands. Denitrification rates measured by this method ranged from 5.7 10-6 g N-NO3-L-1 h-1 to 1.97 10-3 g N-NO3-L-1 h-1 The method is applicable in shallow aquifers with a permeability from 10-2 to 10-4m s-1

Nitrogen dynamics in the shallow groundwater of a riparian wetland zone of the Garonne, SW France: nitrate inputs, bacterial densities, organic matter supply and denitrification measurements

This study highlights the role of interactions between surface and sub-surface water of the riparian zone of a large river (the Garonne, SW France). Information is given about the role of surface water in supplying Dissolved Organic Carbon (DOC ) to the riparian zone for nitrate removal processes. The densities of bacteria (up to 3.3106 cell m L-1) in groundwater are strongly conditioned by the water moving during flood events. Total bacterial densities in groundwater were related to surface water bacterial densities. In sediment, total bacteria are attached mainly to fine particles (90 % in the fraction < 1 mm). Spatial variations in organic carbon and nitrate content in groundwater at the site studied are correlated with exchanges between the groundwater and the river, from the upstream to the downstream part of the meander. Total bacterial densities, nitrate and decressing organic carbon concentrations follow the same pattern. These results suggest that, in this kind of riparian wetland, nitrate from alluvial groundwater influenced by agricultural practices may be denitrified by bacteria in the presence of organic carbon from river surface water

A non-linear degenerate equation for direct aggregation and traveling wave dynamics

The gregarious behavior of individuals of populations is an important factor in avoiding predators or for reproduction. Here, by using a random biased walk approach, we build a model which, after a transformation, takes the general form [u_{t}=[D(u)u_{x}]_{x}+g(u)] . The model involves a density-dependent non-linear diffusion coefficient [D] whose sign changes as the population density [u] increases. For negative values of [D] aggregation occurs, while dispersion occurs for positive values of [D] . We deal with a family of degenerate negative diffusion equations with logistic-like growth rate [g] . We study the one-dimensional traveling wave dynamics for these equations and illustrate our results with a couple of examples. A discussion of the ill-posedness of the partial differential equation problem is included

Social Security and the search behaviour of workers approaching retirement

This paper explores the links between unemployment, retirement and their associated public insurance programs. It is a contribution to a growing body of literature focused on a better understanding of the labor behavior of advanced-age workers, which has gained importance as the pension crisis looms. It also contributes to the literature of optimal unemployment insurance by exploring the interaction of unemployment benefits and retirement pensions. The analysis combines the development of a new theoretical model and a detailed exploration of the empirical regularities using the Spanish Muestra Continua de Vidas Laborales (MCVL) dataset. The model is an extension of the standard search model, designed to reproduce the non-stationary environment faced by workers of advanced ages (in the age range 50/65). Via calibrated simulations we show that the basic empirical re-employment and retirement patterns can be considered as rational responses to both the labor market conditions and the institutional incentives. Generous Unemployment Benefits (for durations of up to two years) together with very significant early retirement penalties, make optimal to stay unemployed without searching for large groups of unemployed workers. This moral hazard problem can be substantially alleviated through institutional reform. We explore several potential reforms and find that changing the details of early retirement pensions seems more promising than changing the Unemployment Benefit system.Unemployment, Retirement, Search models

Nuevas poblaciones de Platycapnos tenuilobus subsp. parallelus Lidén en la sierra de Mijas (Málaga, España)

New populations of Platycapnos tenuilobus subsp. parallelus Lidén in the Mijas mountain range (Malaga, Spain)Palabras clave. Platycapnos, Sierra de Mijas, Málaga.Key words. Platycapnos, Mijas mountain range, Málag

DISEÑO DE UNA COLUMNA DE ABSORCIÓN EMPACADA CONSIDERANDO CUATRO TIPOS DE EMPAQUE Y APLICANDO MATLAB

In the present work, a packed bed absorption column is designed to recover certain amounts of ethanol contained in a gaseous stream. Four packing types (50-mm metal Hiflow® rings, 50-mm ceramic Pall® rings, 50-mm metal Top Pak® rings and 25-mm metal VSP® rings) are considered in order to select the most appropriate one in terms of column dimensions, pressure drop and mass-transfer results. Several design parameters were determined including column diameter (D), packing height (Z), overall mass-transfer coefficient (Km) and gas pressure drop (P/Z), as well as the overall number of gas-phase transfer units (NtOG), overall height of a gas-phase transfer unit (HtOG) and the effective surface area of packing (ah). The most adequate packing to use for this absorption system constitutes the 25-mm metal VSP® rings, since it provided the greatest values of Km (0.325 kmol/m3.s), and ah (169.57 m-1), as well as the lowest values of both Z (0.6 m) and HtOG (0.145 m), meaning that it will supply the higher mass-transfer conditions with the lowest column dimensions. The influence of both gas mixture (QG) and solvent (mL) feed flowrates on D, Z, Km, P/Z, NtOG and HtOG was also evaluated for the four packing considered. The design methodology was solved using computing software MATLAB® version 7.8.0.347 (R2009a) (Math Works, 2009), and also Microsoft Excel®.DEn el presente trabajo se diseña una columna de absorción empacada para recuperar ciertas cantidades de etanol contenido en una corriente gaseosa. Se consideran 4 tipos de empaques (anillos Hiflow® metálicos de 50 mm, anillos Pall® cerámicos de 50 mm, anillos Top Pak® metálicos de 50 mm, y anillos VSP® metálicos de 25 mm) con el fin de seleccionar el más apropiado en términos de dimensiones de la columna, caída de presión y resultados de transferencia de masa. Se determinaron varios parámetros de diseño incluyendo diámetro de la columna (D), altura del empaque (Z), coeficiente global de transferencia de masa (Km) y caída de presión gaseosa (P/Z), así como también el número total de unidades de transferencia den fase gaseosa (NtOG), altura total de unidades de transferencia en fase gaseosa (HtOG) y el área superficial efectiva del empaque (ah). El empaque más adecuado de usar en este sistema de absorción constituye los anillos VSP® metálicos de 25 mm, ya que suministra los mayores valores de Km (0.325 kmol/m3.s), y ah (169.57 m-1), así como también los menores valores de tanto Z (0.6 m) y HtOG (0.145 m), significando que suministrará las condiciones más altas de transferencia de masa con las menores dimensiones dela columna. La influencia de los caudales de alimentación de tanto la mezcla gaseosa (QG) y el solvente (mL) sobre D, Z, Km, DP/Z, NtOG y HtOG fue también evaluada para los cuatro tipos de empaques considerados. La metodología de diseño fue resuelta empleando el software MATLAB® versión 7.8.0.347 (R2009a) (Math Works, 2009), y también Microsoft Excel®

DISEÑO DE UNA COLUMNA DE ABSORCIÓN EMPACADA CONSIDERANDO CUATRO TIPOS DE EMPAQUE Y APLICANDO MATLAB

In the present work, a packed bed absorption column is designed to recover certain amounts of ethanol contained in a gaseous stream. Four packing types (50-mm metal Hiflow® rings, 50-mm ceramic Pall® rings, 50-mm metal Top Pak® rings and 25-mm metal VSP® rings) are considered in order to select the most appropriate one in terms of column dimensions, pressure drop and mass-transfer results. Several design parameters were determined including column diameter (D), packing height (Z), overall mass-transfer coefficient (Km) and gas pressure drop (P/Z), as well as the overall number of gas-phase transfer units (NtOG), overall height of a gas-phase transfer unit (HtOG) and the effective surface area of packing (ah). The most adequate packing to use for this absorption system constitutes the 25-mm metal VSP® rings, since it provided the greatest values of Km (0.325 kmol/m3.s), and ah (169.57 m-1), as well as the lowest values of both Z (0.6 m) and HtOG (0.145 m), meaning that it will supply the higher mass-transfer conditions with the lowest column dimensions. The influence of both gas mixture (QG) and solvent (mL) feed flowrates on D, Z, Km, P/Z, NtOG and HtOG was also evaluated for the four packing considered. The design methodology was solved using computing software MATLAB® version 7.8.0.347 (R2009a) (Math Works, 2009), and also Microsoft Excel®.DEn el presente trabajo se diseña una columna de absorción empacada para recuperar ciertas cantidades de etanol contenido en una corriente gaseosa. Se consideran 4 tipos de empaques (anillos Hiflow® metálicos de 50 mm, anillos Pall® cerámicos de 50 mm, anillos Top Pak® metálicos de 50 mm, y anillos VSP® metálicos de 25 mm) con el fin de seleccionar el más apropiado en términos de dimensiones de la columna, caída de presión y resultados de transferencia de masa. Se determinaron varios parámetros de diseño incluyendo diámetro de la columna (D), altura del empaque (Z), coeficiente global de transferencia de masa (Km) y caída de presión gaseosa (P/Z), así como también el número total de unidades de transferencia den fase gaseosa (NtOG), altura total de unidades de transferencia en fase gaseosa (HtOG) y el área superficial efectiva del empaque (ah). El empaque más adecuado de usar en este sistema de absorción constituye los anillos VSP® metálicos de 25 mm, ya que suministra los mayores valores de Km (0.325 kmol/m3.s), y ah (169.57 m-1), así como también los menores valores de tanto Z (0.6 m) y HtOG (0.145 m), significando que suministrará las condiciones más altas de transferencia de masa con las menores dimensiones dela columna. La influencia de los caudales de alimentación de tanto la mezcla gaseosa (QG) y el solvente (mL) sobre D, Z, Km, DP/Z, NtOG y HtOG fue también evaluada para los cuatro tipos de empaques considerados. La metodología de diseño fue resuelta empleando el software MATLAB® versión 7.8.0.347 (R2009a) (Math Works, 2009), y también Microsoft Excel®

BAYESIAN ANALYSIS OF THE COMPOUND COLLECTIVE MODEL: THE NET PREMIUM PRINCIPLE WITH EXPONENTIAL POISSON AND GAMMA–GAMMA DISTRIBUTIONS

This article develops a Bayesian analysis of the Compound Collective Model utilizing the Net Premium Principle, considering single-period models. With respect to likelihoods, we used a Poisson distribution for the number of claims and an Exponential distribution for the severity of the accident/event. Gamma distributions were used for the prior distributions. The robustness of the posterior premium was analyzed with respect to the prior distribution specification of the severity of the accident/event, utilizing contamination classes, these being the class of all the distributions and that of all the unimodal distributions with the same mode. Numerical applications of the results obtained were performed.Compound collective model; Bayesian analysis; Robustness analysis.