An Empirical Analysis of Income Dynamics among Men in the PSID: 1968–1989

This study uses data from the Panel Survey of Income Dynamics (PSID) to address a number of questions about life-cycle earnings mobility. It develops a dynamic reduced-form model of earnings and marital status that is nonstationary over the life-cycle. A Gibbs sampling-data augmentation algorithm facilitates use of the entire sample and provides numerical approximations to the exact posterior distribution of properties of earnings paths. This algorithm copes with the complex distribution of endogenous variables that are observed for short segments of an individual’s work history, not including the initial period. The study reaches several firm conclusions about life cycle earnings mobility. Incorporating non-Gaussian shocks makes it possible to account for transitions between low and higher earnings states, a heretofore unresolved problem. The non-Gaussian distribution substantially increases the lifetime return to postsecondary education, and substantially reduces differences in lifetime wages attributable to race. In a given year, the majority of variance in earnings not accounted for by race, education, and age is due to transitory shocks, but over a lifetime the majority is due to unobserved individual heterogeneity. Consequently, low earnings at early ages are strong predictors of low earnings later in life, even conditioning on observed individual characteristics.

Color, composition, and thermal environment of Kuiper Belt object (486958) Arrokoth

The outer Solar System object (486958) Arrokoth (provisional designation 2014 MU₆₉) has been largely undisturbed since its formation. We study its surface composition using data collected by the New Horizons spacecraft. Methanol ice is present along with organic material, which may have formed through irradiation of simple molecules. H₂O ice is not detected. This composition indicates hydrogenation of CO-rich ice and/or energetic processing of CH₄+H₂O ices in the cold, outer edge of the early Solar System. There are only small regional variations in color and spectra across the surface, suggesting Arrokoth formed from a homogeneous or well-mixed reservoir of solids. Microwave thermal emission from the winter night side is consistent with a mean brightness temperature of 29 ± 5 K

Three-terminal devices to examine single molecule conductance switching

We report electronic transport measurements of single-molecule transistor devices incorporating bipyridyl-dinitro oligophenylene-ethynylene dithiol (BPDN-DT), a molecule known to exhibit conductance switching in other measurement configurations. We observe hysteretic conductance switching in 8% of devices with measurable currents, and find that dependence of the switching properties on gate voltage is rare when compared to other single-molecule transistor devices. This suggests that polaron formation is unlikely to be responsible for switching in these devices. We discuss this and alternative switching mechanisms.Comment: 5 pages, 4 figures. Supporting material available upon reques

Ages of the Pliocene-Pleistocene Alexandra and Ngatutura Volcanics, western North Island, New Zealand, and some geological implications

The Alexandra and Ngatutura Volcanics are the two southernmost of the Pliocene-Quaternary volcanic fields of western and northern North Island, New Zealand, northwest of Taupo Volcanic Zone TVZ. The Ngatutura Basalts are an alkalic basaltic field comprising monogenetic volcanoes. The Alexandra Volcanics consist of three basaltic magma series: an alkalic (Okete Volcanics), calcalkalic (Karioi, Pirongia, Kakepuku, and Te Kawa Volcanics), and a minor potassic series. Twenty new K-Arages are presented for the Alexandra Volcanics and 9 new ages for the Ngatutura Basalts. Ages of the Alexandra Volcanics range from 2.74 to 1 .60 Ma, and the ages of all three magma series overlap. Ages of the Ngatutura Basalts range from 1 .83 to 1.54 Ma. Each basaltic field has a restricted time range and there is a progressive younging in age of the basaltic fields of western North Island from the Alexandra Volcanics in the south, to Ngatutura, to South Auckland, and then to the Auckland field in the north. Neither of the Alexandra nor Ngatutura Volcanics shows any younging direction of their volcanic centres or any age pattern within their fields, and there is no systematic variation in age with rock composition. Any correlation of age with degree of erosion of volcanic cones is invalid for these basaltic fields; instead, the degree of erosion may be controlled by the lithology of the cones and possibly by the extent of preservation offered by the thick cover deposits of the Kauroa, Hamilton, and younger tephra beds. Stratigraphic relations have enabled the earliest member of the Kauroa Ash Formation to be dated at 2.3 Ma. This formation represents a series of widespread rhyolitic plinian and ignimbrite eruptions probably derived from TVZ and initiated during the Late Pliocene

Beef Cattle Instance Segmentation Using Fully Convolutional Neural Network

In this paper we present a novel instance segmentation algorithm that extends a fully convolutional network to learn to label objects separately without prediction of regions of interest. We trained the new algorithm on a challenging CCTV recording of beef cattle, as well as benchmark MS COCO and Pascal VOC datasets. Extensive experimentation showed that our approach outperforms the state-of-the-art solutions by up to 8% on our data

The Term Securities Lending Facility: origin, design, and effects

The Federal Reserve launched the Term Securities Lending Facility (TSLF) in 2008 to promote liquidity in the funding markets and improve the operation of the broader financial markets. The facility increases the ability of dealers to obtain cash in the private market by enabling them to pledge securities temporarily as collateral for Treasuries, which are relatively easy to finance. The TSLF thus reduces the need for dealers to sell assets into illiquid markets as well as lessens the likelihood of a loss of confidence among lenders.Liquidity (Economics) ; Financial markets ; Federal Reserve System ; Treasury notes

Five writing development strategies to help academics flourish as writers

Increasing the quality and quantity of published research has become an imperative for many universities in South Africa, but academic staff need more than policy mandates to flourish as writers. In this article the authors aim to inspire academic staff developers and research managers to initiate and support strategies to help academics write more and better, and to take pleasure in writing. Drawing on published literature and our own experiences, we turn a critical eye on writing development strategies used in our own research-intensive institution in Johannesburg, and strategies used in other institutions, mainly, but not only, in South Africa. We weigh up the benefits and drawbacks of five writing strategies: writing courses and workshops; writing groups; writing mentoring and coaching; PhD bootcamps; and writing retreats. We also provide a summary table of the claims made for particular strategies to promote capacity building and productivity, on the one hand, and emotional and social aspects of writing on the other hand. We conclude that by thinking critically and creatively, research managers and academic staff developers can indeed help academics to flourish as writers

The formation heritage of Jupiter Family Comet 10P/Tempel 2 as revealed by infrared spectroscopy

We present spectral and spatial information for major volatile species in Comet 10P/Tempel 2, based on high-dispersion infrared spectra acquired on UT 2010 July 26 (heliocentric distance Rh = 1.44 AU) and September 18 (Rh = 1.62 AU), following the comet's perihelion passage on UT 2010 July 04. The total production rate for water on July 26 was (1.90 +/- 0.12) x 10^28 molecules s-1, and abundances of six trace gases (relative to water) were: CH3OH (1.58% +/- 0.23), C2H6 (0.39% +/- 0.04), NH3 (0.83% +/- 0.20), and HCN (0.13% +/- 0.02). A detailed analysis of intensities for water emission lines provided a rotational temperature of 35 +/- 3 K. The mean OPR is consistent with nuclear spin populations in statistical equilibrium (OPR = 3.01 +/- 0.18), and the (1-sigma) lower bound corresponds to a spin temperature > 38 K. Our measurements were contemporaneous with a jet-like feature observed at optical wavelengths. The spatial profiles of four primary volatiles display strong enhancements in the jet direction, which favors release from a localized vent on the nucleus. The measured IR continuum is much more sharply peaked and is consistent with a dominant contribution from the nucleus itself. The peak intensities for H2O, CH3OH, and C2H6 are offset by ~200 km in the jet direction, suggesting the possible existence of a distributed source, such as the release of icy grains that subsequently sublimed in the coma. On UT September 18, no obvious emission lines were present in our spectra, nevertheless we obtained a 3-sigma upper limit Q(H2O) < 2.86 x 10^27 molecules s-1

Stochastic parameterization: uncertainties from convection

In 2005, the ECMWF held a workshop on stochastic parameterisation, at which the convection was seen as being a key issue. That much is clear from the working group reports and particularly the statement from working group 1 that “it is clear that a stochastic convection scheme is desirable”. The present note aims to consider our current status in comparison with some of the issues raised and hopes expressed in that working group report

Killing tensors in pp-wave spacetimes

The formal solution of the second order Killing tensor equations for the general pp-wave spacetime is given. The Killing tensor equations are integrated fully for some specific pp-wave spacetimes. In particular, the complete solution is given for the conformally flat plane wave spacetimes and we find that irreducible Killing tensors arise for specific classes. The maximum number of independent irreducible Killing tensors admitted by a conformally flat plane wave spacetime is shown to be six. It is shown that every pp-wave spacetime that admits an homothety will admit a Killing tensor of Koutras type and, with the exception of the singular scale-invariant plane wave spacetimes, this Killing tensor is irreducible.Comment: 18 page