Asset rundown after retirement: the importance of rate of return shocks

The authors provide evidence that households run down their assets after retirement by tracking a group of elderly households over the 1996–2004 period. They find that assets decline for these households approaching the end of the life cycle. Had there not been a run-up in asset prices due in large part to a historically remarkable rise in housing prices, assets would have declined even faster.Retirement ; Investments ; Business cycles

Pretty Little Baby

With Ukulele accompaniment. Contains advertisements and/or short musical examples of pieces being sold by publisher.https://digitalcommons.library.umaine.edu/mmb-vp/6906/thumbnail.jp

Right before the end: asset decumulation at the end of life

Using data from the Asset and Health Dynamics of the Oldest Old survey, the authors find that the assets of people who die decline much faster than the assets of people who survive, even after controlling for age, sex, and initial asset levels. Out-of-pocket medical expenses right before death can deplete the assets of many elderly households and constitute an important reason to keep assets in old age.Wealth ; Households - Economic aspects

Historical development of and paradigm shifts in public health nutrition

There is a bi-directional relationship between public health nutrition (PHN) and the environmental sustainability (ES) of food systems. Dietary guidelines provide evidence-based recommendations for healthy eating. There is significant variation towards the integration of ES considerations in these policies. An understanding of how and why this variation occurs is neede

Landscape-scale responses of birds to agri-environment management: a test of the English Environmental Stewardship scheme

1. Agri-environment schemes (AES) are used extensively across Europe to address biodiversity declines in farmland. In England, Environmental Stewardship (ES) was introduced in 2005 to address the shortcomings of previous schemes, but as for schemes in other countries, assessments to date have revealed little evidence for national-scale biodiversity benefits. 2. Here, we assess the efficacy of ES in driving changes in national farmland bird populations over the period 2002–2010, using BTO/JNCC/RSPB Breeding Bird Survey data. We tested for associations between ES management options, grouped into categories reflecting intended biological effects (e.g. stubble), and species’ population growth rates, wherever benefits of management might be expected to occur. 3. We found strong evidence for positive effects of management that provides winter food resources (i.e. ES stubble and wild bird seed [WBS] crops) on population growth rates across multiple granivorous species, at three landscape scales. The results for management aiming to provide breeding season benefits (i.e. grassland, field margin and boundary [hedge, ditch] management) showed mixed patterns of positive and negative associations. 4. The results for stubble and WBS provide the first evidence for landscape-scale responses of biodiversity to AES management. The negative relationships identified may also show the importance of management context driving unforeseen predation or competition effects. 5. Synthesis and Applications. This study demonstrates that agri-environment scheme management has the potential to have national-scale effects on avian population growth rates, although our results suggest that some components of the scheme have had little effect on bird populations. Therefore, whilst this study provides the first proof-of-concept for broad-and-shallow scheme impacts on biodiversity, our results underline the importance of targeting towards population-limiting factors, here winter food resources. A combination of low uptake of key in-field options that provide winter seed and a failure to cover the late-winter period effectively explains the lack of national population responses. Such issues need to be addressed before schemes like Environmental Stewardship will achieve their goals. This study shows the value of feedback from monitoring for informing scheme design, through identifying problems and testing solutions

Scenarios for the development of smart grids in the UK: synthesis report

‘Smart grid’ is a catch-all term for the smart options that could transform the ways society produces, delivers and consumes energy, and potentially the way we conceive of these services. Delivering energy more intelligently will be fundamental to decarbonising the UK electricity system at least possible cost, while maintaining security and reliability of supply. Smarter energy delivery is expected to allow the integration of more low carbon technologies and to be much more cost effective than traditional methods, as well as contributing to economic growth by opening up new business and innovation opportunities. Innovating new options for energy system management could lead to cost savings of up to £10bn, even if low carbon technologies do not emerge. This saving will be much higher if UK renewable energy targets are achieved. Building on extensive expert feedback and input, this report describes four smart grid scenarios which consider how the UK’s electricity system might develop to 2050. The scenarios outline how political decisions, as well as those made in regulation, finance, technology, consumer and social behaviour, market design or response, might affect the decisions of other actors and limit or allow the availability of future options. The project aims to explore the degree of uncertainty around the current direction of the electricity system and the complex interactions of a whole host of factors that may lead to any one of a wide range of outcomes. Our addition to this discussion will help decision makers to understand the implications of possible actions and better plan for the future, whilst recognising that it may take any one of a number of forms

Did You Mean It?

Illustration of woman seatedhttps://scholarsjunction.msstate.edu/cht-sheet-music/2745/thumbnail.jp