The Decision of Work and Study and Employment Outcomes

The paper studies factors that contribute to student's work study decision while attending postsecondary institutions using SLID and YITS data. It further tests that how the work decision can affect their future employment outcomes.postsecondary eduction;labour supply decisions;return to schooling

Inference for a Special Bilinear Time Series Model

It is well known that estimating bilinear models is quite challenging. Many different ideas have been proposed to solve this problem. However, there is not a simple way to do inference even for its simple cases. This paper studies the special bilinear model $$Y_t=\mu+\phi Y_{t-2}+ bY_{t-2}\varepsilon_{t-1}+ \varepsilon_t,$$ where $\{\varepsilon_t\}$ is a sequence of i.i.d. random variables with mean zero. We first give a sufficient condition for the existence of a unique stationary solution for the model and then propose a GARCH-type maximum likelihood estimator for estimating the unknown parameters. It is shown that the GMLE is consistent and asymptotically normal under only finite fourth moment of errors. Also a simple consistent estimator for the asymptotic covariance is provided. A simulation study confirms the good finite sample performance. Our estimation approach is novel and nonstandard and it may provide a new insight for future research in this direction.Comment: 23 pages, 1 figures, 3 table

Tail Asymptotics of Deflated Risks

Random deflated risk models have been considered in recent literatures. In this paper, we investigate second-order tail behavior of the deflated risk X=RS under the assumptions of second-order regular variation on the survival functions of the risk R and the deflator S. Our findings are applied to approximation of Value at Risk, estimation of small tail probability under random deflation and tail asymptotics of aggregated deflated riskComment: 2

Modulated Unit-Norm Tight Frames for Compressed Sensing

In this paper, we propose a compressed sensing (CS) framework that consists of three parts: a unit-norm tight frame (UTF), a random diagonal matrix and a column-wise orthonormal matrix. We prove that this structure satisfies the restricted isometry property (RIP) with high probability if the number of measurements $m = O(s \log^2s \log^2n)$ for $s$-sparse signals of length $n$ and if the column-wise orthonormal matrix is bounded. Some existing structured sensing models can be studied under this framework, which then gives tighter bounds on the required number of measurements to satisfy the RIP. More importantly, we propose several structured sensing models by appealing to this unified framework, such as a general sensing model with arbitrary/determinisic subsamplers, a fast and efficient block compressed sensing scheme, and structured sensing matrices with deterministic phase modulations, all of which can lead to improvements on practical applications. In particular, one of the constructions is applied to simplify the transceiver design of CS-based channel estimation for orthogonal frequency division multiplexing (OFDM) systems.Comment: submitted to IEEE Transactions on Signal Processin

Holographic Metal-Insulator Transition in Higher Derivative Gravity

We introduce a Weyl term into the Einstein-Maxwell-Axion theory in four dimensional spacetime. Up to the first order of the Weyl coupling parameter $\gamma$, we construct charged black brane solutions without translational invariance in a perturbative manner. Among all the holographic frameworks involving higher derivative gravity, we are the first to obtain metal-insulator transitions (MIT) when varying the system parameters at zero temperature. Furthermore, we study the holographic entanglement entropy (HEE) of strip geometry in this model and find that the second order derivative of HEE with respect to the axion parameter exhibits maximization behavior near quantum critical points (QCPs) of MIT. It testifies the conjecture in 1502.03661 and 1604.04857 that HEE itself or its derivatives can be used to diagnose quantum phase transition (QPT).Comment: 20 pages, 4 figures; typo corrected, added 3 references; minor revisio