Bequests, Taxation and the Distribution of Wealth in a General Equilibrium Model

This paper examines the role of bequests and of taxation on bequests for the distribution of wealth. We investigate a model with overlapping generations and heterogenous households where parents derive utility directly from their bequests. Using the coefficient of variation as the measure of inequality, bequests per se diminish the inequality of wealth since they raise private savings and hence average wealth holdings more than the variance of wealth. From a policy perspective, taxing bequests and redistributing government revenue lump-sum among the young generation further decreases wealth inequality.bequest, taxation, wealth inequality, OLG model, analytical solution

Bequests, taxation and the distribution of wealth in a general equilibrium model

This paper examines the role of bequests and of taxation on bequests for the distribution of wealth. We investigate a model with overlapping generations and heterogenous households where parents derive utility directly from their bequests. Using the coefficient of variation as measure of equality, bequests per se diminish the inequality of wealth since they raise private savings and hence average wealth holdings more than the dispersion of wealth. From a policy perspective, taxing bequests and redistributing government revenue lump-sum among the young generation further decreases wealth inequality. These results also hold when measuring inequality by the Gini coefficient. --bequest,taxation,wealth inequality,OLG model,analytical solution

Hypsometry and Volume of the Arctic Ocean and Its Constituent Seas

This paper presents an analysis of the Arctic Ocean and its constituent seas for seafloor area distribution versus depth and ocean volume. The bathymetry from the International Bathymetric Chart of the Arctic Ocean (IBCAO) is used together with limits defining this ocean and its constituent seas from the International Hydrographic Organization (IHO) as well as redefined limits constructed to confine the seas to the shallow shelves. IBCAO is a bathymetric grid model with a resolution of 2.5 x 2.5 km, which significantly improved the portrayal of the Arctic Ocean seafloor through incorporation of newly released bathymetric data including echo soundings from U.S. and British navies, scientific nuclear submarine cruises, and icebreaker cruises. This analysis of seafloor area and ocean volume is the first for the Arctic Ocean based on this new and improved portrayal of the seafloor as represented by IBCAO. The seafloor area and volume are calculated for different depths starting from the present sea level and progressing in increments of 10 m to a depth of 500 m and in increments of 50 m from 550 m down to the deepest depth within each of the analyzed seas. Hypsometric curves expressed as simple histograms of the frequencies in different depth bins and depth plotted against cumulative area for each of the analyzed seas are presented. The area and volume calculations show that the entire IHO-defined Arctic Ocean makes up 4.3% of the total ocean area but only 1.4% of the volume. Furthermore, the IHO Arctic Ocean is the shallowest (mean depth 1201 m) of all the major oceans and their adjacent seas. The continental shelf area, from the coasts out to the shelf break, make up as much as 52.9% of the total area in the Arctic Ocean, defined in this work as consisting of the oceanic deep Arctic Ocean Basin; the broad continental shelves of the Barents, Kara, Laptev, East Siberian, Chukchi, and Beaufort Seas; the White Sea; and the narrow continental shelf off both the Canadian Arctic Archipelago and northern Greenland. This result indicates that the Arctic Ocean has significantly larger continental shelves compared with all the other oceans, where previous studies show that the proportion of shelves, from the coasts out to the foot of the continental slopes, only ranges between about 9.1 and 17.7%. Furthermore, the derived hypsometric curves show that most of the Arctic Ocean shelf seas besides the Barents Sea, Beaufort Sea, and the shelf off northern Greenland have a similar shape, with the largest seafloor area between 0 and 50 m. The East Siberian and Laptev seas, in particular, show area distributions concentrated in this shallow depth range, and together with the Chukchi Sea they form a large flat shallow shelf province composing as much as 22% of the entire Arctic Ocean area but only 1% of the volume. This implies that the circulation in the Arctic Ocean might be very sensitive to eustatic sea level changes. One of the aims with this work is to make up-to-date high-resolution area and volume calculations for the Arctic Ocean at various depths available for download

Limits to sustained energy intake XII : is the poor relation between resting metabolic rate and reproductive performance because resting metabolism is not a repeatable trait?

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Global significance of seagrass fishery activity

Seagrass meadows support fisheries through provision of nursery areas and trophic subsidies to adjacent habitats. As shallow coastal habitats, they also provide key fishing grounds; however, the nature and extent of such exploitation are poorly understood. These productive meadows are being degraded globally at rapid rates. For degradation to cease, there needs to be better appreciation for the value of these habitats in supporting global fisheries. Here, we provide the first global scale study demonstrating the extent, importance and nature of fisheries exploitation of seagrass meadows. Due to a paucity of available data, the study used a global expert survey to demonstrate the widespread significance of seagrass-based fishing activity. Our study finds that seagrass-based fisheries are globally important and present virtually wherever seagrass exists, supporting subsistence, commercial and recreational activity. A wide range of fishing methods and gear is used reflecting the spatial distribution patterns of seagrass meadows, and their depth ranges from intertidal (accessible by foot) to relatively deep water (where commercial trawls can operate). Seagrass meadows are multispecies fishing grounds targeted by fishers for any fish or invertebrate species that can be eaten, sold or used as bait. In the coastal communities of developing countries, the importance of the nearshore seagrass fishery for livelihoods and well-being is irrefutable. In developed countries, the seagrass fishery is often recreational and/or more target species specific. Regardless of location, this study is the first to highlight collectively the indiscriminate nature and global scale of seagrass fisheries and the diversity of exploitative methods employed to extract seagrass-associated resources. Evidence presented emphasizes the need for targeted management to support continued viability of seagrass meadows as a global ecosystem service provider

Global and regional brain metabolic scaling and its functional consequences

Background: Information processing in the brain requires large amounts of metabolic energy, the spatial distribution of which is highly heterogeneous reflecting complex activity patterns in the mammalian brain. Results: Here, it is found based on empirical data that, despite this heterogeneity, the volume-specific cerebral glucose metabolic rate of many different brain structures scales with brain volume with almost the same exponent around -0.15. The exception is white matter, the metabolism of which seems to scale with a standard specific exponent -1/4. The scaling exponents for the total oxygen and glucose consumptions in the brain in relation to its volume are identical and equal to $0.86\pm 0.03$, which is significantly larger than the exponents 3/4 and 2/3 suggested for whole body basal metabolism on body mass. Conclusions: These findings show explicitly that in mammals (i) volume-specific scaling exponents of the cerebral energy expenditure in different brain parts are approximately constant (except brain stem structures), and (ii) the total cerebral metabolic exponent against brain volume is greater than the much-cited Kleiber's 3/4 exponent. The neurophysiological factors that might account for the regional uniformity of the exponents and for the excessive scaling of the total brain metabolism are discussed, along with the relationship between brain metabolic scaling and computation.Comment: Brain metabolism scales with its mass well above 3/4 exponen

Basal metabolic rate in migratory waders: intra-individual, intraspecific, interspecific and seasonal variation

1. Basal metabolic rates (BMR) were measured in 36 adult and 119 juvenile waders of 19 species on autumn migration in southern Sweden. 2. Ina comparison with literature data, it was found that juvenile BMR was generally lower than at the onset of migration in the Arctic and slightly higher than on African wintering grounds. 3. The seasonal differences may reflect local physiological adaptations or possibly a gradual decline from high premigratory levels due to growth. Our data contradict the idea that BMR is high during migration as an adaptation to generally high levels of energy expenditure. 4. The allometric exponent, scaling BMR to body mass, was significantly higher within individuals (1.19) and within species (1.82) than among species (0.62). 5. The high intra-individual exponent indicates that non-fat tissues, with a high metabolic activity, are involved in the mass changes during migratory stopover. 6. The high intraspecific exponent indicates that tissues with a high metabolic activity contributed disproportionately to variation in body mass among individuals or that larger individuals had elevated mass specific metabolic rates of some tissues

The contribution of Swiss scientists to the assessment of energy metabolism

Although Switzerland is considered a small country, it has its share in discoveries, inventions and developments for the assessment of energy metabolism. This includes seminal contributions to respiratory and metabolic physiology and to devices for measuring energy expenditure by direct and indirect calorimetry in vivo in humans and small animals (as well as in vitro in organs/tissues), for the purpose of evaluating the basic nutritional requirements. A strong momentum came during World War II when it was necessary to evaluate the energy requirements of soldiers protecting the country by assessing their energy expenditure, as well as to determine the nutritional needs of the Swiss civil population in time of war when food rationing was necessary to ensure national neutrality and independence. A further impetus came in the 1970s at the start of the obesity epidemics, toward a better understanding of the metabolic basis of obesity, ranging from the development of whole-body concepts to molecular mechanisms. In a trip down memory lane, this review focuses on some of the earlier leading Swiss scientists who have contributed to a better understanding of the field

Bio-energetic modeling of medium-sized cetaceans shows high sensitivity to disturbance in seasons of low resource supply

This research was supported by the Office of Naval Research grant N00014-16-1-2858: "PCoD+: Developing widely-applicable models of the population consequences of disturbance”. VH and AMdR benefitted from funding from the European Research Council under the European Union’s Seventh Framework rogramme (F /2007-2013) / ERC Grant Agreement No. 322814 awarded to AMdR.Understanding the full scope of human impact on wildlife populations requires a framework to assess the population‐level repercussions of nonlethal disturbance. The Population Consequences of Disturbance (PCoD) framework provides such an approach, by linking the effects of disturbance on the behavior and physiology of individuals to their population‐level consequences. Bio‐energetic models have been used as implementations of PCoD, as these integrate the behavioral and physiological state of an individual with the state of the environment, to mediate between disturbance and biological significant changes in vital rates (survival, growth, and reproduction). To assess which levels of disturbance lead to adverse effects on population growth rate requires a bio‐energetic model that covers the complete life cycle of the organism under study. In a density‐independent setting, the expected lifetime reproductive output of a single female can then be used to predict the level of disturbance that leads to population decline. Here, we present such a model for a medium‐sized cetacean, the long‐finned pilot whale (Globicephala melas). Disturbance is modeled as a yearly recurrent period of no resource feeding for the pilot whale female and her calf. Short periods of disturbance lead to the pre‐weaned death of the first one or more calves of the young female. Higher disturbance levels also affect survival of calves produced later in the life of the female, in addition to degrading female survival. The level of disturbance that leads to a negative population growth rate strongly depends on the available resources in the environment. This has important repercussion for the timing of disturbance if resource availability fluctuates seasonally. The model predicts that pilot whales can tolerate on average three times longer periods of disturbance in seasons of high resource availability, compared to disturbance happening when resources are low. Although our model is specifically parameterized for pilot whales, it provides useful insights into the general consequences of nonlethal disturbance. If appropriate data on life history and energetics are available, it can be used to provide management advice for specific species or populations.Publisher PDFPeer reviewe