Minimum Wages and Employment

This paper investigates the effect of minimum wages on employment using a panel of US state-based data. We estimate a minimalist dynamic version of the specification implied by neo-classical theory. We find statistically and economically significant effects of minimum wages on youth employment. Unlike many other studies we find also significant effects on aggregate state employment. These results re-establish the conventional wisdom as existing before the work of Card-Krueger-Katz. The paper meets the methodological criticisms of this sort of panel study made by CKK. An important econometric innovation in this paper is to produce estimates allowing for cross-sectional correlation, which offers unbiased inference and potential efficiency gains.minimum wage; panel data; cross-sectional correlation; factor analysis

Ledoux-Convection in Protoneutron Stars --- a Clue to Supernova Nucleosynthesis?

Two-dimensional hydrodynamical simulations of the deleptonization of a newly formed neutron star were performed. Driven by negative lepton fraction and entropy gradients, convection starts near the neutrinosphere about 20-30 ms after core bounce, but moves deeper into the protoneutron star, and after about one second the whole protoneutron star is convective. The deleptonization of the star proceeds much faster than in the corresponding spherically symmetrical model because the lepton flux and the neutrino luminosities increase by up to a factor of two. The convection below the neutrinosphere raises the neutrinospheric temperatures and mean energies of the emitted neutrinos by 10-20%. This can have important implications for the supernova explosion mechanism and changes the detectable neutrino signal from the Kelvin-Helmholtz cooling of the protoneutron star. In particular, the enhanced electron neutrino flux relative to the electron antineutrino flux during the early post-bounce evolution might solve the overproduction problem of certain elements in the neutrino-heated ejecta in models of type-II supernova explosions.Comment: 17 pages, LaTeX, 8 postscript figures, uses epsf.sty. To appear in ApJ 473 (Letters), 1996 December 1

Role of isospin physics in supernova matter and neutron stars

We investigate the liquid-gas phase transition of hot protoneutron stars shortly after their birth following supernova explosion and the composition and structure of hyperon-rich (proto)neutron stars within a relativistic mean-field model where the nuclear symmetry energy has been constrained from the measured neutron skin thickness of finite nuclei. Light clusters are abundantly formed with increasing temperature well inside the neutrino-sphere for an uniform supernova matter. Liquid-gas phase transition is found to suppress the cluster yield within the coexistence phase as well as decrease considerably the neutron-proton asymmetry over a wide density range. We find symmetry energy has a modest effect on the boundaries and the critical temperature for the liquid-gas phase transition, and the composition depends more sensitively on the number of trapped neutrinos and temperature of the protoneutron star. The influence of hyperons in the dense interior of stars makes the overall equation of state soft. However, neutrino trapping distinctly delays the appearance of hyperons due to abundance of electrons. We also find that a softer symmetry energy further makes the onset of hyperon less favorable. The resulting structures of the (proto)neutron stars with hyperons and with liquid-gas phase transition are discussed.Comment: 11 pages, 7 figures, RevTe

Dynamics and neutrino signal of black hole formation in non-rotating failed supernovae. II. progenitor dependence

We study the progenitor dependence of the black hole formation and its associated neutrino signals from the gravitational collapse of non-rotating massive stars, following the preceding study on the single progenitor model in Sumiyoshi et al. (2007). We aim to clarify whether the dynamical evolution toward the black hole formation occurs in the same manner for different progenitors and to examine whether the characteristic of neutrino bursts is general having the short duration and the rapidly increasing average energies. We perform the numerical simulations by general relativistic neutrino-radiation hydrodynamics to follow the dynamical evolution from the collapse of pre-supernova models of 40Msun and 50Msun toward the black hole formation via contracting proto-neutron stars. For the three progenitor models studied in this paper, we found that the black hole formation occurs in ~0.4-1.5 s after core bounce through the increase of proto-neutron star mass together with the short and energetic neutrino burst. We found that density profile of progenitor is important to determine the accretion rate onto the proto-neutron star and, therefore, the duration of neutrino burst. We compare the neutrino bursts of black hole forming events from different progenitors and discuss whether we can probe clearly the progenitor and/or the dense matter.Comment: 30 pages, 11 figures, accepted for publication in Ap

Dynamics and neutrino signal of black hole formation in non-rotating failed supernovae. I. EOS dependence

We study the black hole formation and the neutrino signal from the gravitational collapse of a non-rotating massive star of 40 Msun. Adopting two different sets of realistic equation of state (EOS) of dense matter, we perform the numerical simulations of general relativistic neutrino-radiation hydrodynamics under the spherical symmetry. We make comparisons of the core bounce, the shock propagation, the evolution of nascent proto-neutron star and the resulting re-collapse to black hole to reveal the influence of EOS. We also explore the influence of EOS on the neutrino emission during the evolution toward the black hole formation. We find that the speed of contraction of the nascent proto-neutron star, whose mass increases fast due to the intense accretion, is different depending on the EOS and the resulting profiles of density and temperature differ significantly. The black hole formation occurs at 0.6-1.3 sec after bounce when the proto-neutron star exceeds its maximum mass, which is crucially determined by the EOS. We find that the average energies of neutrinos increase after bounce because of rapid temperature increase, but at different speeds depending on the EOS. The duration of neutrino emission up to the black hole formation is found different according to the different timing of re-collapse. These characteristics of neutrino signatures are distinguishable from those for ordinary proto-neutron stars in successful core-collapse supernovae. We discuss that a future detection of neutrinos from black-hole-forming collapse will contribute to reveal the black hole formation and to constrain the EOS at high density and temperature.Comment: 32 pages, 33 figures, accepted for publication in Ap

Women, the Recession, and the Impending Economic Recovery

Would female investment bankers, mortgage lenders, and chief executive officers have taken the same risks given the same expected returns? Maybe not. The purpose of this article is to explore the impact of the U.S. recession on women and to help readers gain useful knowledge about women’s role in the economy

73-Cents? This doesn’t feel like progress

Faculty Opinion article in the Hamline Magazine, a publication of Hamline University

Capital Mobility for Developing Countries May Not Be So High

International capital flows to developing countries have taken on considerable policy importance in recent years. There is disagreement, however, about whether financial capital mobility has become so high that developing countries have little ability to sterilize capital flows. This paper reviews several popular methods of estimating the degree of capital mobility for developing countries and shows that they are subject to potentially important upward biases due to inappropriate assumptions concerning the roles of domestic inflation and sterilization. Corrections for these factors can cut estimates of capital mobility by one half or more.sterilization; capital mobility; developing countries