47,280 research outputs found

    The incidence of nominal and real wage rigidities in Great Britain: 1978–1998

    Get PDF
    This paper analyzes the extent of rigidities in wage setting in Great Britain over the 1980s and 1990s. Our estimation strategy, which generalizes the work of Altonji and Devereux (2000), models the notional wage growth distribution--the distribution of nominal wage growth that would occur in the absence of rigidities in pay--while allowing for the presence of measurement error in the data. The model then allows for the possibility that the nominal wage growth of a fraction of the workforce may be subject to a nominal or real downward rigidity. Our model suggests that real rigidities in wage setting are more prevalent than nominal rigidities, although the incidence of these real wage rigidities has fallen gradually over time. If firms cannot cut real wages in response to negative demand shocks they may resort to laying off workers. Our results support this microfoundation of the wage-unemployment Phillips curve: Workers who are more likely to be protected from wage cuts are also more likely to lose their jobs.Wages - Great Britain

    The energy tax: who pays?

    Get PDF
    An examination of the problems that arise when the government attempts to formulate economic policies having multiple objectives--in this case, reducing the nation's energy consumption and its associated social costs while ensuring that no particular region or income group bears a disproportionate share of the burden.Power resources ; Taxation

    Analyzing Social Network Structures in the Iterated Prisoner's Dilemma with Choice and Refusal

    Full text link
    The Iterated Prisoner's Dilemma with Choice and Refusal (IPD/CR) is an extension of the Iterated Prisoner's Dilemma with evolution that allows players to choose and to refuse their game partners. From individual behaviors, behavioral population structures emerge. In this report, we examine one particular IPD/CR environment and document the social network methods used to identify population behaviors found within this complex adaptive system. In contrast to the standard homogeneous population of nice cooperators, we have also found metastable populations of mixed strategies within this environment. In particular, the social networks of interesting populations and their evolution are examined.Comment: 37 pages, uuencoded gzip'd Postscript (1.1Mb when gunzip'd) also available via WWW at http://www.cs.wisc.edu/~smucker/ipd-cr/ipd-cr.htm

    Effect of model selection on combustor performance and stability predictions using ROCCID

    Get PDF
    The ROCket Combustor Interactive Design (ROCCID) methodology is an interactive computer program that combines previously developed combustion analysis models to calculate the combustion performance and stability of liquid rocket engines. Test data from 213 kN (48,000 lbf) Liquid Oxygen (LOX)/RP-1 combustor with an O-F-O (oxidizer-fuel-oxidizer) triplet injector were used to characterize the predictive capabilities of the ROCCID analysis models for this injector/propellant configuration. Thirteen combustion performance and stability models were incorporated into ROCCID, and ten of them, which have options for triplet injectors, were examined. Calculations using different combinations of analysis models, with little or no anchoring, were carried out on a test matrix of operating combinations matching those of the test program. Results of the computer analyses were compared to test data, and the ability of the model combinations to correctly predict combustion stability or instability was determined. For the best model combination(s), sensitivity of the calculations to fuel drop size and mixing efficiency was examined. Error in the stability calculations due to uncertainty in the pressure interaction index (N) was examined. The recommended model combinations for this O-F-O triplet LOX/RP-1 configuration are proposed

    Does wage inflation cause price inflation?

    Get PDF
    Is there any evidence to support the assumption that increased wages cause inflation? This study updates and expands earlier research into this question and finds little support for the view that higher wages cause higher prices. On the contrary, more evidence is found for higher prices leading to wage growth.Inflation (Finance) ; Wages ; Prices

    Spaser Action, Loss Compensation, and Stability in Plasmonic Systems with Gain

    Full text link
    We demonstrate that the conditions of spaser generation and the full loss compensation in a resonant plasmonic-gain medium (metamaterial) are identical. Consequently, attempting the full compensation or overcompensation of losses by gain will lead to instability and a transition to a spaser state. This will limit (clamp) the inversion and lead to the limitation on the maximum loss compensation achievable. The criterion of the loss overcompensation, leading to the instability and spasing, is given in a analytical and universal (independent from system's geometry) form.Comment: 4 pages, 1 figur

    Nano-Engineering Defect Structures on Graphene

    Full text link
    We present a new way of nano-engineering graphene using defect domains. These regions have ring structures that depart from the usual honeycomb lattice, though each carbon atom still has three nearest neighbors. A set of stable domain structures is identified using density functional theory (DFT), including blisters, ridges, ribbons, and metacrystals. All such structures are made solely out of carbon; the smallest encompasses just 16 atoms. Blisters, ridges and metacrystals rise up out of the sheet, while ribbons remain flat. In the vicinity of vacancies, the reaction barriers to formation are sufficiently low that such defects could be synthesized through the thermally activated restructuring of coalesced adatoms.Comment: 4 pages, 5 figure

    Single-particle dispersion in stably stratified turbulence

    Get PDF
    We present models for single-particle dispersion in vertical and horizontal directions of stably stratified flows. The model in the vertical direction is based on the observed Lagrangian spectrum of the vertical velocity, while the model in the horizontal direction is a combination of a continuous-time eddy-constrained random walk process with a contribution to transport from horizontal winds. Transport at times larger than the Lagrangian turnover time is not universal and dependent on these winds. The models yield results in good agreement with direct numerical simulations of stratified turbulence, for which single-particle dispersion differs from the well studied case of homogeneous and isotropic turbulence

    The contribution of starbursts and normal galaxies to infrared luminosity functions at z < 2

    Get PDF
    We present a parameter-less approach to predict the shape of the infrared (IR) luminosity function (LF) at redshifts z < 2. It requires no tuning and relies on only three observables: (1) the redshift evolution of the stellar mass function for star-forming galaxies, (2) the evolution of the specific star formation rate (sSFR) of main-sequence galaxies, and (3) the double-Gaussian decomposition of the sSFR-distribution at fixed stellar mass into a contribution (assumed redshift- and mass-invariant) from main-sequence and starburst activity. This self-consistent and simple framework provides a powerful tool for predicting cosmological observables: observed IR LFs are successfully matched at all z < 2, suggesting a constant or only weakly redshift-dependent contribution (8-14%) of starbursts to the star formation rate density. We separate the contributions of main-sequence and starburst activity to the global IR LF at all redshifts. The luminosity threshold above which the starburst component dominates the IR LF rises from log(LIR/Lsun) = 11.4 to 12.8 over 0 < z < 2, reflecting our assumed (1+z)^2.8-evolution of sSFR in main-sequence galaxies.Comment: 7 pages, 4 figures & 1 table. Accepted for publication in ApJL. Minor typos corrected in v2 following receipt of proof

    The Effects of Children's Time Use and Home and Neighborhood Quality on their Body Weight and Cognitive/Behavioral Development

    Get PDF
    We estimate a directional distance function to assess the impacts of multiple time-varying parent and child inputs on a cluster of jointly produced child outcomes for children aged 7 to 13 years. The directional distance function specification avoids several well-known empirical problems associated with analysis of household production data, namely, the need to aggregate inputs and outputs, assume separability among inputs and outputs, or estimate reduced form equations. Using a balanced panel of families from the National Longitudinal Survey of Youth-Child Sample for 1996 to 2000, we assess the marginal contributions of home and neighborhood environmental quality and children's time allocations, on their math and reading performance, behavior problems, and body mass index. We also measure productivity growth, technical change, efficiency change, and technical efficiency for production of child outcomes. Our results indicate significant jointness among good and bad child outcomes. Significant improvements in children's good outcomes and reductions in bad outcomes are also associated with a better home and parent perceived neighborhood environment, Head Start participation, and increased family time spent together during meals. Children's productivity growth is found to be highest at age 8 years and diminishes thereafter.Health Economics and Policy, Labor and Human Capital,
    corecore