Chinese household saving and dependent children: Theory and evidence

This paper examines the impact of family size on household saving. We first study a theoretical life-cycle model that includes finite lifetimes and saving for retirement and in which parents care about the consumption by their dependent children. The model implies a negative relationship between the number of dependent children in the family and the household saving rate. Then, we test the model\u27s implications using new survey data on household finances in China. We use the differential enforcement of the one-child policy across counties to address the possible endogeneity between household saving and fertility decisions in a two-stage least squares Tobit regression. We find that Chinese families with fewer dependent children have significantly higher saving rates. The data yields several additional insights on household saving patterns. Households with college-age children have lower saving rates, and households residing in urban areas have higher saving rates and a lower ratio of education expenditures to income. However, having an additional child reduces saving rates more for households in urban areas than in rural areas. Our regressions also indicate that saving rates vary with age and tend to be higher for households with more workers, higher education, better health, and more assets

DETERMINANTS OF AGRICULTURE-RELATED LOAN DEFAULT: EVIDENCE FROM CHINA

This paper investigates agriculture-related loan default in 2002–2009 through a large data set from a leading Chinese state-owned bank. Using logit regression, we find the default rate on agriculture-related loans is significantly higher than that on non–agriculture-related loans. We find that base interest rates, loan maturity, the type of collateral, firm size, ownership structure, and managerial quality rating have a significant impact on agriculture-related loan default, but this also depends on how agriculture-related loans are defined. The results provide insight into the real impact of monetary policy on agriculture-related lending.This paper investigates agriculture-related loan default in 2002–2009 through a large data set from a leading Chinese state-owned bank. Using logit regression, we find the default rate on agriculture-related loans is significantly higher than that on non–agriculture-related loans. We find that base interest rates, loan maturity, the type of collateral, firm size, ownership structure, and managerial quality rating have a significant impact on agriculture-related loan default, but this also depends on how agriculture-related loans are defined. The results provide insight into the real impact of monetary policy on agriculture-related lending

Network analysis on cortical morphometry in first-episode schizophrenia

First-episode schizophrenia (FES) results in abnormality of brain connectivity at different levels. Despite some successful findings on functional and structural connectivity of FES, relatively few studies have been focused on morphological connectivity, which may provide a potential biomarker for FES. In this study, we aim to investigate cortical morphological connectivity in FES. T1-weighted magnetic resonance image data from 92 FES patients and 106 healthy controls (HCs) are analyzed.We parcellate brain into 68 cortical regions, calculate the averaged thickness and surface area of each region, construct undirected networks by correlating cortical thickness or surface area measures across 68 regions for each group, and finally compute a variety of network-related topology characteristics. Our experimental results show that both the cortical thickness network and the surface area network in two groups are small-world networks; that is, those networks have high clustering coefficients and low characteristic path lengths. At certain network sparsity levels, both the cortical thickness network and the surface area network of FES have significantly lower clustering coefficients and local efficiencies than those of HC, indicating FES-related abnormalities in local connectivity and small-worldness. These abnormalities mainly involve the frontal, parietal, and temporal lobes. Further regional analyses confirm significant group differences in the node betweenness of the posterior cingulate gyrus for both the cortical thickness network and the surface area network. Our work supports that cortical morphological connectivity, which is constructed based on correlations across subjects' cortical thickness, may serve as a tool to study topological abnormalities in neurological disorders

Class-level Multiple Distributions Representation are Necessary for Semantic Segmentation

Existing approaches focus on using class-level features to improve semantic segmentation performance. How to characterize the relationships of intra-class pixels and inter-class pixels is the key to extract the discriminative representative class-level features. In this paper, we introduce for the first time to describe intra-class variations by multiple distributions. Then, multiple distributions representation learning(\textbf{MDRL}) is proposed to augment the pixel representations for semantic segmentation. Meanwhile, we design a class multiple distributions consistency strategy to construct discriminative multiple distribution representations of embedded pixels. Moreover, we put forward a multiple distribution semantic aggregation module to aggregate multiple distributions of the corresponding class to enhance pixel semantic information. Our approach can be seamlessly integrated into popular segmentation frameworks FCN/PSPNet/CCNet and achieve 5.61\%/1.75\%/0.75\% mIoU improvements on ADE20K. Extensive experiments on the Cityscapes, ADE20K datasets have proved that our method can bring significant performance improvement

PaCE: Unified Multi-modal Dialogue Pre-training with Progressive and Compositional Experts

Perceiving multi-modal information and fulfilling dialogues with humans is a long-term goal of artificial intelligence. Pre-training is commonly regarded as an effective approach for multi-modal dialogue. However, due to the limited availability of multi-modal dialogue data, there is still scarce research on multi-modal dialogue pre-training. Yet another intriguing challenge emerges from the encompassing nature of multi-modal dialogue, which involves various modalities and tasks. Moreover, new forms of tasks may arise at unpredictable points in the future. Hence, it is essential for designed multi-modal dialogue models to possess sufficient flexibility to adapt to such scenarios. This paper proposes \textbf{PaCE}, a unified, structured, compositional multi-modal dialogue pre-training framework. It utilizes a combination of several fundamental experts to accommodate multiple dialogue-related tasks and can be pre-trained using limited dialogue and extensive non-dialogue multi-modal data. Furthermore, we propose a progressive training method where old experts from the past can assist new experts, facilitating the expansion of their capabilities. Experimental results demonstrate that PaCE achieves state-of-the-art results on eight multi-modal dialog benchmarks.Comment: ACL 202

Heterogeneous Knowledge Fusion: A Novel Approach for Personalized Recommendation via LLM

The analysis and mining of user heterogeneous behavior are of paramount importance in recommendation systems. However, the conventional approach of incorporating various types of heterogeneous behavior into recommendation models leads to feature sparsity and knowledge fragmentation issues. To address this challenge, we propose a novel approach for personalized recommendation via Large Language Model (LLM), by extracting and fusing heterogeneous knowledge from user heterogeneous behavior information. In addition, by combining heterogeneous knowledge and recommendation tasks, instruction tuning is performed on LLM for personalized recommendations. The experimental results demonstrate that our method can effectively integrate user heterogeneous behavior and significantly improve recommendation performance.Comment: Accepted at RecSys 202

Influence of temperature on the transmission performance of track circuit in high-speed railway

In order to explore the influence of temperature on track circuit, a mathematical simulation model of track circuit is established. Then, the influence mechanism of temperature on the key equipment of track circuit is analysed. Finally, the influence on the receiver voltage and the locomotive signal current are computed based on the simulation model