Child Targeted Tax Benefit Reform In Spain In A European Context: A Microsimulation Analysis Using EUROMOD

Spain has one of the lowest expenditures on family social protection, the third highest child poverty and the second lowest fertility rate in the EU. The objective of this paper is to identify and assess tax-benefit reforms that could improve this situation. Using the European microsimulation model EUROMOD, this paper compares the child-targeted policies of four EU countries to those recently reformed in Spain. It also analyses the effect that the policies of these countries would have if applied in Spain. Results show that recent reforms have increased considerably the expenditure on child-targeted policies. However, in contrast to the other analysed countries the new Spanish system mainly benefits higher income families and has a low poverty reduction effect.European Union, Microsimulation, Child poverty, Child benefits, Spain

Towards a European Union Child Basic Income? Within and between country effects

ABSTRACT: This paper explores the within and between country distributional implications of an illustrative Child Basic Income (CBI) operated at EU level. Using EUROMOD, we establish that a universal payment of €50 per month per child aged under 6 could take 800,000 children in this age group out of poverty. It could be financed by an EU flat tax of 0.2% on all household income, assuming that it would also be taxed nationally as income. Most member states and virtually all families with children aged under 6 would be net gainers. We simulate two versions of EU CBI, with the benefit rate of €50 per month adjusted or not for differences in purchasing power between member states. In general, fiscal flows between member states, and also poverty reduction, would be smaller under the adjusted version. The political feasibility of such a scheme might be questioned, especially within the net contributor countries. Nevertheless, for those seeking ways to strengthen solidarity across national boundaries, a scheme supporting the incomes of families with young children, wherever in the EU they might reside "could be a demonstration of the EU's commitment to children, to the future" (EC 2012a: 62)

The origin of polarity asymmetries in the history of the geomagnetic field

The behavior of magnetohydrodynamic stationary modes in the presence of an imposed weak magnetic field originating separately from the dynamo is studied. A rare class of stationary states is found that exhibit high sensitivity to the presence of weak imposed fields. The amplitude of the difference between the total fields of opposite polarity is much larger than the amplitude of the imposed nondynamo fields. It is proposed that Earth's magnetic field operates in such a mode, highly sensitive to the presence of an ambient field. An argument is given to explain why the terrestrial dynamo should choose to operate in one of these rare states. Implications are discussed for the general mechanism of dynamo magnetic field equilibrium in planets

The diocotron instability in a cylindrical geometry

Diocotron, slipping stream, instability of low density electron beams in electric and magnetic field

Generation and behavior of solar system magnetic fields

A range of problems aimed primarily at elucidating the character and consequences of magnetic-field generation in the solar system and at testing ideas against known properties of natural magnetic fields are covered. Among the specific subjects currently under investigation are the magnetohydrodynamic (MHD) character of the protosolar nebula, including the generation and behavior of magnetic fields, the electrical conductivity of dusty nebular gas, transient magnetodynamic and electrodynamic nebular phenomena, and the generation and dynamical behavior of planetary magnetic fields. During the past year, the focus of this research was on disk magnetic field generation and transient MHD heating events possibly associated with the protoplanetary nebula

The effect of coherent radiation on the stability of a crossed-field electron beam Research report no. 213

Coherent radiation effect on crossed field electron beam stabilit

Magnetohydrodynamic puzzles in the protoplanetary nebula

The following subject areas are covered: (1) magnetization of meteorites; (2) the possible origin of a nebular magnetic field; (3) the possibility of magnetic flares; (4) external manifestations; (5) dynamical effects of the magnetic fields; and (6) the problem of ionization

Wind power prediction models

Investigations were performed to predict the power available from the wind at the Goldstone, California, antenna site complex. The background for power prediction was derived from a statistical evaluation of available wind speed data records at this location and at nearby locations similarly situated within the Mojave desert. In addition to a model for power prediction over relatively long periods of time, an interim simulation model that produces sample wind speeds is described. The interim model furnishes uncorrelated sample speeds at hourly intervals that reproduce the statistical wind distribution at Goldstone. A stochastic simulation model to provide speed samples representative of both the statistical speed distributions and correlations is also discussed

Does Risk Seeking Drive Asset Prices? A stochastic dominance analysis of aggregate investor preferences

We investigate whether risk seeking or non-concave utility functions can help to explainthe cross-sectional pattern of stock returns. For this purpose, we analyze the stochasticdominance efficiency classification of the value-weighted market portfolio relative tobenchmark portfolios based on market capitalization, book-to-market equity ratio andmomentum. We use various existing and novel stochastic dominance criteria that accountfor the possibility that investors exhibit local risk seeking behavior. Our results suggestthat Markowitz type utility functions, with risk aversion for losses and risk seeking forgains, can capture the cross-sectional pattern of stock returns. The low average yield onbig caps, growth stocks and past losers may reflect investors' twin desire for downsideprotection in bear markets and upside potential in bull markets.asset pricing;stochastic dominance;prospect theory;risk seeking;specification error

Monitoring first year Maori students enrolled in selected Faculty of Arts and Social Sciences courses: A report prepared for the Dean of the Faculty of Arts and Social Sciences

Monitoring first year Maori Students Enrolled in Selected Faculty of Arts andSocial Sciences Courses. The total number of Maori students targeted by this project was 182, representing 93% of the total number of Maori students enrolled in Semester B level one courses. The majority of students participating in this initiative were first year students, although a small number of students taking 100 level courses were second, third or graduate year students. 11 Student views on the monitoring and support initiative Students were provided with the opportunity to comment on the monitoring and support initiative. All students contacted (49) recommended that this intervention continue for future first year Maori students enrolled in FASS