Social security and the search behaviour of workers approaching retirement

This paper explores the links between unemployment, retirement and their associated public insurance programs. It is a contribution to a growing body of literature focused on a better understanding of the labor behavior of advanced—age workers, which has gained importance as the pension crisis looms. The analysis combines the development of a new theoretical model and a detailed exploration of the empirical regularities using the Spanish Muestra Continua de Vidas Laborales (MCVL) dataset. The model is a extension of the standard search model, designed to reproduce the non—stationary environment faced by workers approaching retirement and to explore the interaction of unemployment benefits and retirement pensions. Via calibrated simulations we show that the basic empirical reemployment and retirement patterns can be rationalized as the optimal responses to both the labor market conditions and the institutional incentives. Generous Unemployment Benefits (for durations of up to two years) together with very significant early retirement penalties, make optimal to stay unemployed without searching for large groups of unemployed workers. This moral hazard problem can he substantially alleviated through institutional reform. Setting the early retirement penalties according to the age when the individual withdraws from the labor force (rather than when he/she claims the pension for the first time) seems particularly beneficial. It increases the labor supply, reduces the financial cost for the social security system and generate enough extra resources to compensate for the welfare loss of those unemployed directly hit by the reform.Unemployment search, job benefit, retirement

Social Security and the search behaviour of workers approaching retirement

This paper explores the links between unemployment, retirement and their associated public insurance programs. It is a contribution to a growing body of literature focused on a better understanding of the labor behavior of advanced-age workers, which has gained importance as the pension crisis looms. It also contributes to the literature of optimal unemployment insurance by exploring the interaction of unemployment benefits and retirement pensions. The analysis combines the development of a new theoretical model and a detailed exploration of the empirical regularities using the Spanish Muestra Continua de Vidas Laborales (MCVL) dataset. The model is an extension of the standard search model, designed to reproduce the non-stationary environment faced by workers of advanced ages (in the age range 50/65). Via calibrated simulations we show that the basic empirical re-employment and retirement patterns can be considered as rational responses to both the labor market conditions and the institutional incentives. Generous Unemployment Benefits (for durations of up to two years) together with very significant early retirement penalties, make optimal to stay unemployed without searching for large groups of unemployed workers. This moral hazard problem can be substantially alleviated through institutional reform. We explore several potential reforms and find that changing the details of early retirement pensions seems more promising than changing the Unemployment Benefit system.Unemployment, Retirement, Search models

The complex structure of HH 110 as revealed from Integral Field Spectroscopy

HH 110 is a rather peculiar Herbig-Haro object in Orion that originates due to the deflection of another jet (HH 270) by a dense molecular clump, instead of being directly ejected from a young stellar object. Here we present new results on the kinematics and physical conditions of HH 110 based on Integral Field Spectroscopy. The 3D spectral data cover the whole outflow extent (~4.5 arcmin, ~0.6 pc at a distance of 460 pc) in the spectral range 6500-7000 \AA. We built emission-line intensity maps of H$\alpha$, [NII] and [SII] and of their radial velocity channels. Furthermore, we analysed the spatial distribution of the excitation and electron density from [NII]/H$\alpha$, [SII]/H$\alpha$, and [SII] 6716/6731 integrated line-ratio maps, as well as their behaviour as a function of velocity, from line-ratio channel maps. Our results fully reproduce the morphology and kinematics obtained from previous imaging and long-slit data. In addition, the IFS data revealed, for the first time, the complex spatial distribution of the physical conditions (excitation and density) in the whole jet, and their behaviour as a function of the kinematics. The results here derived give further support to the more recent model simulations that involve deflection of a pulsed jet propagating in an inhomogeneous ambient medium. The IFS data give richer information than that provided by current model simulations or laboratory jet experiments. Hence, they could provide valuable clues to constrain the space parameters in future theoretical works.Comment: 12 pages, 15 figures Accepted in MNRA

Symmetry limit properties of a priori mixing amplitudes for non-leptonic and weak radiative decays of hyperons

We show that the so-called parity-conserving amplitudes predicted in the a priori mixing scheme for non-leptonic and weak radiative decays of hyperons vanish in the strong-flavor symmetry limit

Mirror matter admixtures in K_S to gamma gamma

The latest measurement of the K_S to gamma gamma branching ratio clearly shows an enhancement over the current theoretical prediction. As in other K and B meson decays, this invites to consider the possibility of the contribution of new physics. We study a particular form of the latter, which may be referred to as manifest mirror symmetry. The experimental data are described using previously determined values for the mixing angles of the admixtures of mirror matter in ordinary hadrons and by assuming that for pi^0, eta, eta', the mirror decay amplitudes have the same magnitudes as their ordinary counterparts

Integral Field Spectroscopy of HH 262: The Spectral Atlas

HH 262 is a group of emitting knots displaying an "hour-glass" morphology in the Halpha and [SII] lines, located 3.5' to the northeast of the young stellar object L1551-IRS5, in Taurus. We present new results of the kinematics and physical conditions of HH 262 based on Integral Field Spectroscopy covering a field of 1.5'x3', which includes all the bright knots in HH 262. These data show complex kinematics and significant variations in physical conditions over the mapped region of HH 262 on a spatial scale of <3". A new result derived from the IFS data is the weakness of the [NII] emission (below detection limit in most of the mapped region of HH 262), including the brightest central knots. Our data reinforce the association of HH 262 with the redshifted lobe of the evolved molecular outflow L1551-IRS5. The interaction of this outflow with a younger one, powered by L1551 NE, around the position of HH 262 could give rise to the complex morphology and kinematics of HH 262.Comment: Accepted for publication in MNRA

Deep into the Water Fountains: The case of IRAS 18043-2116

(Abridged) The formation of large-scale (hundreds to few thousands of AU) bipolar structures in the circumstellar envelopes (CSEs) of post-Asymptotic Giant Branch (post-AGB) stars is poorly understood. The shape of these structures, traced by emission from fast molecular outflows, suggests that the dynamics at the innermost regions of these CSEs does not depend only on the energy of the radiation field of the central star. Deep into the Water Fountains is an observational project based on the results of programs carried out with three telescope facilities: The Karl G. Jansky Very Large Array (JVLA), The Australia Telescope Compact Array (ATCA), and the Very Large Telescope (SINFONI-VLT). Here we report the results of the observations towards the WF nebula IRAS 18043$-$2116: Detection of radio continuum emission in the frequency range 1.5GHz - 8.0GHz; H$_{2}$O maser spectral features and radio continuum emission detected at 22GHz, and H$_{2}$ ro-vibrational emission lines detected at the near infrared. The high-velocity H$_{2}$O maser spectral features, and the shock-excited H$_{2}$ emission detected could be produced in molecular layers which are swept up as a consequence of the propagation of a jet-driven wind. Using the derived H$_{2}$ column density, we estimated a molecular mass-loss rate of the order of $10^{-9}$M$_{\odot}$yr$^{-1}$. On the other hand, if the radio continuum flux detected is generated as a consequence of the propagation of a thermal radio jet, the mass-loss rate associated to the outflowing ionized material is of the order of 10$^{-5}$M$_{\odot}$yr$^{-1}$. The presence of a rotating disk could be a plausible explanation for the mass-loss rates estimated.Comment: 10 pages, 5 figures. Accepted for publication in A&