Pappa Ante Portas: The effect of the husband's retirement on the wife's mental health in Japan

The \u201cRetired Husband Syndrome\u201d, that affects the mental health of wives of retired men around the world, has been anecdotally documented but never formally investigated. Using Japanese micro-data and the exogenous variation across cohorts in the maximum age of guaranteed employment induced by a 2006 Japanese reform, we estimate that the husband's earlier retirement significantly increases the probability that the wife reports symptoms related to the syndrome. We also find that retirement has a negative effect both on the household's economic situation and on the husband's own mental health, and that the higher economic distress contributes to reducing the wife's mental health

Modeling the International-Trade Network: A Gravity Approach

This paper investigates whether the gravity model (GM) can explain the statistical properties of the International Trade Network (ITN). We fit data on international-trade flows with a GM specification using alternative fitting techniques and we employ GM estimates to build a weighted predicted ITN, whose topological properties are compared to observed ones. Furthermore, we propose an estimation strategy to predict the binary ITN with a GM. We find that the GM successfully replicates the weighted-network structure of the ITN, only if one fixes its binary architecture equal to the observed one. Conversely, the GM performs very badly when asked to predict the presence of a link, or the level of the trade flow it carries, whenever the binary structure must be simultaneously estimated

Modeling the International-Trade Network: A Gravity Approach

This paper investigates whether the gravity model (GM) can explain the statistical properties of the International Trade Network (ITN). We fit data on international-trade flows with a GM specification using alternative fitting techniques and we employ GM estimates to build a weighted predicted ITN, whose topological properties are compared to observed ones. Furthermore, we propose an estimation strategy to predict the binary ITN with a GM. We find that the GM successfully replicates the weighted-network structure of the ITN, only if one fixes its binary architecture equal to the observed one. Conversely, the GM performs very badly when asked to predict the presence of a link, or the level of the trade flow it carries, whenever the binary structure must be simultaneously estimated.International Trade Network; Gravity Equation; Weighted Network Analysis; Topological Properties; Econophysics

Lead, Follow or Cooperate? Endogenous Timing & Cooperation in Symmetric Duopoly Games.

The aim of this paper is to extend Hamilton and Slutsky's (1990) endogenous timing game by including the possibility for players to cooperate. At an initial stage players are assumed to announce both their purpose to play early or late a given duopoly game as well as their intention to cooperate or not with their rival. The cooperation and timing formation rule is rather simple: when both players agree to cooperate and play with a given timing, they end up playing their actions coordinately and simultaneously. Otherwise, they play as singletons with the timing as prescribed by their own announcement. We check for the existence of a subgame perfect Nash equilibrium (in pure strategies) of such a cooperation-timing duopoly game. Two main results on the emergence of cooperation are provided. If players' actions in the symmetric duopoly game are strategic substitutes and there is no discount, cooperating early is a subgame perfect equilibrium of the extended timing-cooperation game. Conversely, cooperating late (at period two) represents an equilibrium when players' strategies are strategic complements. Other equilibria are also possible. Most importantly, our model shows that, in general, the success of cooperation is a¤ected by the endogenous timing of the game. Moreover, the slope of players' best-replies appears crucial both for the success of cooperation as well as for the players' choice of sequencing their market actions.Endogenous Timing, Cooperation

Minority Games, Local Interactions, and Endogenous Networks

In this paper we study a local version of the Minority Game where agents are placed on the nodes of a directed graph. Agents care about being in the minority of the group of agents they are currently linked to and employ myopic best-reply rules to choose their next-period state. We show that, in this benchmark case, the smaller the size of local networks, the larger long-run population-average payoffs. We then explore the collective behavior of the system when agents can: (i) assign weights to each link they hold and modify them over time in response to payoff signals; (ii) delete badly-performing links (i.e. opponents) and replace them with randomly chosen ones. Simulations suggest that, when agents are allowed to weight links but cannot delete/replace them, the system self-organizes into networked clusters which attain very high payoff values. These clustered configurations are not stable and can be easily disrupted, generating huge subsequent payoff drops. If however agents can (and are sufficiently willing to) discard badly performing connections, the system quickly converges to stable states where all agents get the highest payoff, independently of the size of the networks initially in place.Minority Games, Local Interactions, Endogenous Networks, Adaptive Agents

Gravitino Dark Matter and low-scale Baryogenesis

A very simple way to obtain comparable baryon and DM densities in the early Universe is through their contemporary production from the out-of-equilibrium decay of a mother particle, if both populations are suppressed by comparably small numbers, i.e. the CP violation in the decay and the branching fraction respectively. We present a detailed study of this kind of scenario in the context of a R-parity violating realization of the MSSM in which the baryon asymmetry and the gravitino Dark Matter are produced by the decay of a Bino. The implementation of this simple picture in a realistic particle framework results, however, quite involving, due to the non trivial determination of the abundance of the decaying Bino, as well as due to the impact of wash-out processes and of additional sources both for the baryon asymmetry and the DM relic density. In order to achieve a quantitative determination of the baryon and Dark Matter abundances, we have implemented and solved a system of coupled Boltzmann equations for the particle species involved in their generation, including all the relevant processes. In the most simple, but still general, limit, in which the processes determining the abundance and the decay rate of the Bino are mediated by degenerate right-handed squarks, the correct values of the DM and baryon relic densities are achieved for a Bino mass between 50 and 100 TeV, Gluino NLSP mass in the range 15-60 TeV and a gravitino mass between 100 GeV and few TeV. These high masses are unfortunately beyond the kinematical reach of LHC. On the contrary, an antiproton signal from the decays of the gravitino LSP might be within the sensitivity of AMS-02 and gamma-ray telescopes.Comment: 39 pages, 12 figure