Workers' Choice on Pension Schemes: an Assessment of the Italian TFR Reform Through Theory and Simulations

In this paper we aim at providing a theoretical framework to model workers’ choice problem of switching between different pension schemes. This choice problem is common in several countries that have reformed their social security system in the last decades. Although with some specific features, such process is currently affecting private sector employees in Italy, since the reform of the TFR mechanism in 2007. This reform basically allows workers to choose between a scheme directly managed by the firms and an external defined contribution scheme. In their decision workers not only have to weight out the different pros and cons that different schemes offer but they also have to consider the effect that their choice exerts on the financial structure of the firm they work in. Once we have formalized this decision problem, we carry out some simulations in order to replicate the Italian data and to shed some light on the outcomes of the Italian reform

On Hoyle-Narlikar-Wheeler mechanism of vibration energy powered magneto-dipole emission of neutron stars

We revisit the well-known Hoyle-Narlikar-Wheeler proposition that neutron star emerging in the magnetic-flux-conserving process of core-collapse supernova can convert the stored energy of Alfven vibrations into power of magneto-dipole radiation. We show that the necessary requirement for the energy conversion is the decay of internal magnetic field. In this case the loss of vibration energy of the star causes its vibration period, equal to period of pulsating emission, to lengthen at a rate proportional to the rate of magnetic field decay. These prediction of the model of vibration powered neutron star are discussed in juxtaposition with data on pulsating emission of magnetars whose radiative activity is generally associated with the decay of ultra strong magnetic field.Comment: Accepted for publication in Astrophysics & Space Scienc

Magnetic Field Generation in Stars

Enormous progress has been made on observing stellar magnetism in stars from the main sequence through to compact objects. Recent data have thrown into sharper relief the vexed question of the origin of stellar magnetic fields, which remains one of the main unanswered questions in astrophysics. In this chapter we review recent work in this area of research. In particular, we look at the fossil field hypothesis which links magnetism in compact stars to magnetism in main sequence and pre-main sequence stars and we consider why its feasibility has now been questioned particularly in the context of highly magnetic white dwarfs. We also review the fossil versus dynamo debate in the context of neutron stars and the roles played by key physical processes such as buoyancy, helicity, and superfluid turbulence,in the generation and stability of neutron star fields. Independent information on the internal magnetic field of neutron stars will come from future gravitational wave detections. Thus we maybe at the dawn of a new era of exciting discoveries in compact star magnetism driven by the opening of a new, non-electromagnetic observational window. We also review recent advances in the theory and computation of magnetohydrodynamic turbulence as it applies to stellar magnetism and dynamo theory. These advances offer insight into the action of stellar dynamos as well as processes whichcontrol the diffusive magnetic flux transport in stars.Comment: 41 pages, 7 figures. Invited review chapter on on magnetic field generation in stars to appear in Space Science Reviews, Springe