Intergenerational Risk Sharing, Pensions and Endogenous Labor Supply in General Equilibrium

In the context of a two-tier pension system, with a pay-as-you-go first tier and a fully funded second tier, we demonstrate that a system with a defined wage-indexed second tier performs strictly better than one with a defined contribution or defined real benefit second tier. The former completely separates systematic redistribution (confined to the first tier) from intergenerational risk sharing (the role of the second tier). This way labor supply is undistorted.funded pensions, risk sharing, overlapping generations, endogenous labour supply

Selective detection of gaseous ammonia with specifically functionalized silicon photonic microring resonator: towards low cost and portable breath monitoring

We demonstrate a selective ammonia sensor based on a silicon photonic microring resonator functionalized with nanoporous silicate films. The potential of this sensor as a low cost, portable and real-time medical breath monitoring device is discussed

Accuracy of predicting milk yield from alternative milk recording schemes

peer-reviewedThe effect of reducing the frequency of official milk recording and the number of recorded samples per test-day on the accuracy of predicting daily yield and cumulative 305-day yield was investigated. A control data set consisting of 58 210 primiparous cows with milk test-day records every 4 weeks was used to investigate the influence of reduced milk recording frequencies. The accuracy of prediction of daily yield with one milk sample per test-day was investigated using 41 874 testday records from 683 cows. Results show that five or more test-day records taken at 8-weekly intervals (A8) predicted 305-day yield with a high level of accuracy. Correlations between 305-day yield predicted from 4-weekly recording intervals (A4) and from 8-weekly intervals were 0.99, 0.98 and 0.98 for milk, fat and protein, respectively. The mean error in estimating 305-day yield from the A8 scheme was 6.8 kg (s.d. 191 kg) for milk yield, 0.3 kg (s.d. 10 kg) for fat yield, and −0.3 kg (s.d. 7 kg) for protein yield, compared with the A4 scheme. Milk yield and composition taken during either morning (AM) or evening (PM) milking predicted 24-h yield with a high degree of accuracy. Alternating between AM and PM sampling every 4 weeks predicted 305-day yield with a higher degree of accuracy than either all AM or all PM sampling. Alternate AM-PM recording every 4 weeks and AM + PM recording every 8 weeks produced very similar accuracies in predicting 305-day yield compared with the official AM + PM recording every 4 weeks

Self phase modulation in Highly nonlinear hydrogenated amorphous silicon

We study self phase modulation in submicron amorphous silicon-on-insulator waveguides. We extract both the real and imaginary part of the nonlinear parameter gamma from a 1 cm long waveguide with a cross-section of 500x220nm(2). The real and imaginary part of the nonlinear parameter are found to be 767W(-1)m(-1) and -28W(-1)m(-1) respectively. The figure of merit (FOM) is found to be 3.6 times larger than the FOM in crystalline silicon (c-Si)

Localization dynamics of fluids in random confinement

The dynamics of two-dimensional fluids confined within a random matrix of obstacles is investigated using both colloidal model experiments and molecular dynamics simulations. By varying fluid and matrix area fractions in the experiment, we find delocalized tracer particle dynamics at small matrix area fractions and localized motion of the tracers at high matrix area fractions. In the delocalized region, the dynamics is subdiffusive at intermediate times, and diffusive at long times, while in the localized regime, trapping in finite pockets of the matrix is observed. These observations are found to agree with the simulation of an ideal gas confined in a weakly correlated matrix. Our results show that Lorentz gas systems with soft interactions are exhibiting a smoothening of the critical dynamics and consequently a rounded delocalization-to-localization transition.Comment: 5 pages, 3 figure

Agriculture Diversification in the Mekong Delta: Farmers' Motives and Contributions to Livelihoods

Although specialization is the global trend in agriculture, integrated farming systems have emerged in Vietnam. An important motive was the desire to improve the livelihoods and the diet of the nuclear families; this was evident in the analysis using the household life cycle of five phases. Off-farm diversification was especially important for a new household. At the onset of expansion, the new mothers replaced off-farm with homebound activities. During expansion the farmers increased virtual farm size by keeping more livestock; during accumulation, they invested in land or education, and during consolidation old couples adjusted farm activities to their labor capacity. Livestock, including fish, was essential for livelihood. The distribution of goats instead of cattle by credit or by "passing-on-the-gift " was far more effective for poverty alleviation. Technological innovations on the cultivation of rice and fruits, and the breeding of fish were essential for change. The improved food security and reduced cash income from rice after the 1986 reforms pushed farmers to take risks. The farm area and number of component farm activities providing cash determined the level of cash income from agriculture. Farms with at least four flows of biomass between components earned more, demonstrating that real integration improved profits. A minimum area of land in, or close to, the homestead, and know-how are required for an effective integration of components.Mekong Delta, agricultural diversification