Legal Rules and Bankruptcy Rates: Historical Evidence from the States

Since the early twentieth century, observers have attributed the wide variation in state bankruptcy rates to variation in state legal rules such as garnishment and bankruptcy exemptions. Recent econometric analyses, however, conclude that legal rules do not matter. We explore the impact of legal rules on bankruptcy rates using a new technique—fixed effects vector decomposition—to exploit historical variation in legal rules. The technique allows us to estimate the impact of timeinvariant legal rules in a fixed effects framework. We find that the variation in state legal rules explains much of the variation in state wage earner bankruptcy rates for 1926 to 1932.Bankruptcy, fixed effects vector decomposition, law and economics

New Evidence on Race Discrimination Under Separate But Equal

Recently uncovered data on teachers’ salaries in Virginia in 1906 allow for more precise and consistent estimations of marginal returns to certification and formal education than had been available in previous studies. Virginia\u27s “separate but equal” educational system paid black teachers in rural counties lower wages than it paid white teachers and on average paid a lower premium to blacks for certification and formal education than it paid to whites. In incorporated cities, returns to certification and normal school education were about the same for black teachers and white teachers, although average salaries were lower for black teachers

The Evolution of Garnishment and Wage Assignment Law in Illinois

Recent research shows that, despite high interest rates, wage earners in the early twentieth century frequently obtained credit from retail shops, from loan sharks, and from the emerging formal consumer credit market. When wage earners defaulted, the options for collection available to their creditors were governed by state laws on garnishment and wage assignment. These important laws varied widely from state to state, and little is known about their origins or evolution. In Illinois, the law put significant restrictions on creditors in the late nineteenth century, but the restrictions were removed in the first quarter of the twentieth century. This article shows how this dramatic shift resulted from the interaction of legislative and judicial activity and was driven by both interest group politics and judicial action

Merger of Black Holes in the Galactic Center

We present the results of three body simulations focused on understanding the fates of intermediate mass black holes (IBH) that drift within the central 0.5 pc of the Galaxy. In particular, we modeled the interactions between pairs of $4000 {\rm M}_{\odot}$ black holes as they orbit a central blac k hole of mass $4 \times 10^6 {\rm M}_{\odot}$. The simulations performed assume a Schwarzschild geometry and account for Chandrasekhar dynamical friction as well as acceleration resulting from energy lost due to gravitational radiation. We found the branching ratio for one of the orbiting IBHs to merge with the CBH was 0.95 and is independent of the inner IBH's initial eccentricity as well as the rate of sinking. This, coupled with an infall rate of $\sim 10^7$ yrs for an IBH to drift into the Galactic center, results in an IBH-CBH merger every $\lesssim 11$ Myrs. Lastly we found that the IBH-IBH-CBH triple body system ``resets'' itself, in the sense that a system with an inner I BH with an initially circular orbit generally left behind an IBH with a large eccentricity, whereas a system in which the inner IBH had a high eccentricity ($e_0 \sim 0.9$) usually left a remnant with low eccentricity. Branching ratios for different outcomes are also similar in the two cases.Comment: Official paper to appear in November 2008 issue of Ap

On Signatures of Atmospheric Features in Thermal Phase Curves of Hot Jupiters

Turbulence is ubiquitous in Solar System planetary atmospheres. In hot Jupiter atmospheres, the combination of moderately slow rotation and thick pressure scale height may result in dynamical weather structures with unusually large, planetary-size scales. Using equivalent-barotropic, turbulent circulation models, we illustrate how such structures can generate a variety of features in the thermal phase curves of hot Jupiters, including phase shifts and deviations from periodicity. Such features may have been spotted in the recent infrared phase curve of HD 189733b. Despite inherent difficulties with the interpretation of disk-integrated quantities, phase curves promise to offer unique constraints on the nature of the circulation regime present on hot Jupiters.Comment: 22 pages, 6 figures, 1 table, accepted for publication in Ap

Toward Eclipse Mapping of Hot Jupiters

Recent Spitzer infrared measurements of hot Jupiter eclipses suggest that eclipse mapping techniques could be used to spatially resolve the day-side photospheric emission of these planets using partial occultations. As a first step in this direction, we simulate ingress/egress lightcurves for the three brightest known eclipsing hot Jupiters and evaluate the degree to which parameterized photospheric emission models can be distinguished from each other with repeated, noisy eclipse measurements. We find that the photometric accuracy of Spitzer is insufficient to use this tool effectively. On the other hand, the level of photospheric details that could be probed with a few JWST eclipse measurements could greatly inform hot Jupiter atmospheric modeling efforts. A JWST program focused on non-parametric eclipse map inversions for hot Jupiters should be actively considered.Comment: 32 pages, 6 figures, 3 tables, accepted for publication in Ap

Early Evidence for Using a Train-the-Trainer Program to Teach Debriefing for Meaningful Learning

Background Competent debriefers are essential to promote positive learner outcomes. While important, providing training to faculty may be difficult. The Train-The-Trainer (TTT) model is a successful approach for efficiently training large groups of individuals. Methods This study used a purposive, descriptive research design to test the feasibility and effectiveness of a TTT program for teaching debriefers how to implement and train others to use Debriefing for Meaningful Learning (DML). Results With training, assessment, and individualized feedback, trainers and trainees alike improved their ability to use DML, as well as self-assess their debriefing. Conclusion The TTT program was a successful, feasible, cost-effective way to provide DML training

Pigment signatures of algal communities and their implications for glacier surface darkening

Blooms of pigmented algae darken the surface of glaciers and ice sheets, thereby enhancing solar energy absorption and amplifying ice and snow melt. The impacts of algal pigment and community composition on surface darkening are still poorly understood. Here, we characterise glacier ice and snow algal pigment signatures on snow and bare ice surfaces and study their role in photophysiology and energy absorption on three glaciers in Southeast Greenland. Purpurogallin and astaxanthin esters dominated the glacier ice and snow algal pigment pools (mass ratios to chlorophyll a of 32 and 56, respectively). Algal biomass and pigments impacted chromophoric dissolved organic matter concentrations. Despite the effective absorption of astaxanthin esters at wavelengths where incoming irradiance peaks, the cellular energy absorption of snow algae was 95% lower than anticipated from their pigmentation, due to pigment packaging. The energy absorption of glacier ice algae was consequently ~ 5 × higher. On bare ice, snow algae may have locally contributed up to 13% to total biological radiative forcing, despite contributing 44% to total biomass. Our results give new insights into the impact of algal community composition on bare ice energy absorption and biomass accumulation during snow melt