Career progression and formal versus on-the-job training

We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data set which traces labour market transitions, mobility across firms and wages from the end of statutory schooling. We use the model to evaluate the life-cycle return to apprenticeship training and find that on average the costs outweigh the benefits; however for those who choose to train the returns are positive. We then use our model to consider the long-term lifecycle effects of two reforms: One is the introduction of an Earned Income Tax Credit in Germany, and the other is a reform to Unemployment Insurance. In both reforms we find very significant impacts of the policy on training choices and on the value of realised matches, demonstrating the importance of considering such longer term implications

Career progression and formal versus on-the-job training

We model the choice of individuals to follow or not apprenticeship training and their subsequent career. We use German administrative data, which records education, labour market transitions and wages to estimate a dynamic discrete choice model of training choice, employment and wage growth. The model allows for returns to experience and tenure, match specific effects, job mobility and search frictions. We show how apprenticeship training affects labour market careers and we quantify its benefits, relative to the overall costs. We then use our model to show how two welfare reforms change life-cycle decisions and human capital accumulation: One is the introduction of an Earned Income Tax Credit in Germany, and the other is a reform to Unemployment Insurance. In both reforms we find very significant impacts of the policy on training choices and on the value of realized matches, demonstrating the importance of considering such longer term implications

Supplemental Social Insurance and the Health of the Poor

In 1974 the federal government instituted Supplemental Social Insurance(SSI). The eligible group was the elderly on welfare and disabled individuals.The program distributed extra income and made people eligible for Medicaid in all states except Arizona which did not have Medicaid. We used subjective and objective health information in the Retirement History Survey (RHS) to examine the impact of the program. The RHS is a sample that began in 1969 and included heads of households who were 58 to 63 years old. The respondents or widows were resurveyed every second year through 1977. Before 1974 those who subsequently received SSI were in much worse health than those who did not.After1974 the differences in health were small and not statistically significant.

An Analysis of the Health and Retirement Status of the Elderly

in this paper we specify and estimate a structural limited dependent variable model with which we study both the health and retirement status of the elderly. Standard linear estimators, which assume that these variable sare continuous, are not appropriate and categorical estimation techniques are preferred. Our model differs from previous work in that we have longitudinal data and random effects that are correlated over time for different individuals. The problem is made more complicated because there is sample truncation, which could potentially bias coefficient estimates, since approximately twenty percent of the individuals in our sample die. We outline the full information maximum likelihood estimator for such a model and implement it in our empirical analysis. With our structural estimates we analyze, among other things, the degree to which endogeneously determined health status affects the probability of retirement and how changes in social security benefits and eligibility for transfer payments modify both healthiness and the demand for leisure.

The Galactic bulge as seen in optical surveys

The bulge is a region of the Galaxy of tremendous interest for understanding galaxy formation. However measuring photometry and kinematics in it raises several inherent issues, such as severe crowding and high extinction in the visible. Using the Besancon Galaxy model and a 3D extinction map, we estimate the stellar density as a function of longitude, latitude and apparent magnitude and we deduce the possibility of reaching and measuring bulge stars with Gaia. We also present an ongoing analysis of the bulge using the Canada-France-Hawaii Telescope.Comment: In SF2A-2008: Proceedings of the Annual meeting of the French Society of Astronomy and Astrophysic

Authentic Corporate Social Responsibility Based on Authentic Empowerment: An Exemplary Business Leadership Case

Authors Dillon, Back, and Manz examine the underpinnings of genuine or authentic Corporate Social Responsibility (CSR), noting the direct nexus between stakeholder empowerment and the socially-responsible actions of authentic leaders. Such an empowering leadership approach– involving structural, psychological, developmental, and financial components – is particularly exemplified by a family-owned (Back) wine and cheese company (Fairview Trust), situate in South Africa

Accretion by the Galaxy

Cosmology requires at least half of the baryons in the Universe to be in the intergalactic medium, much of which is believed to form hot coronae around galaxies. Star-forming galaxies must be accreting from their coronae. HI observations of external galaxies show that they have HI halos associated with star formation. These halos are naturally modelled as ensembles of clouds driven up by supernova bubbles. These models can fit the data successfully only if clouds exchange mass and momentum with the corona. As a cloud orbits, it is ablated and forms a turbulent wake where cold high-metallicity gas mixes with hot coronal gas causing the prompt cooling of the latter. As a consequence the total mass of HI increases. This model has recently been used to model the Leiden-Argentina-Bonn survey of Galactic HI. The values of the model's parameters that are required to model NGC 891, NGC 2403 and our Galaxy show a remarkable degree of consistency, despite the very different natures of the two external galaxies and the dramatic difference in the nature of the data for our Galaxy and the external galaxies. The parameter values are also consistent with hydrodynamical simulations of the ablation of individual clouds. The model predicts that a galaxy that loses its cool-gas disc for instance through a major merger cannot reform it from its corona; it can return to steady star formation only if it can capture a large body of cool gas, for example by accreting a gas-rich dwarf. Thus the model explains how major mergers can make galaxies "red and dead."Comment: Invited review at "Assembling the Puzzle of the Milky Way", Grand Bornand, April 2011; 6 page