1,731 research outputs found

    College Education and Wages in the U.K.: Estimating Conditional Average Structural Functions in Nonadditive Models with Binary Endogenous Variables

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    Recent studies debate how the unobserved dependence between the monetary return to college education and selection into college can be characterized. This paper examines this question using British data. We develop a semiparametric local instrumental variables estimator for identified features of a flexible correlated random coefficient model. These identified features are directly related to the marginal and average treatment effect in policy evaluation. Our results indicate that returns to college systematically differ between actual college graduates and actual college non-graduates. They are on average higher for college graduates and positively related to selection into college for 96 percent of the individuals. The dependence between selection into college and returns to college education is strongest for individuals with low math test scores at the age of 7, individuals with less educated mothers, and for working-class individuals.Returns to college education;correlated random coefficient model;local instrumental variables estimation

    Returns to Type or Tenure?

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    A regression of wages on firm tenure is likely to yield biased estimates of the returns to tenure because tenure and wages are confounded by unobserved attributes of the job and the unobserved quality of the match between the firm and the employee. Previously, the within-job variation in tenure has been used as an instrument to estimate the average returns to tenure. In this paper, we propose to use instead an easy-to-implement control function estimator for the returns to tenure and their dependence on unobserved heterogeneity. The obtained results for Germany indicate that there is a substantial amount of unobserved heterogeneity in the returns to tenure and that good job matches are characterized by higher returns to tenure in the first five years and lower returns thereafter.Wage growth;returns to tenure;selection on unobservables;control function approach;nonseparable model

    Adverse Selection and Moral Hazard in Anonymous Markets

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    FISH mapping and molecular organization of the major repetitive sequences of tomato

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    This paper presents a bird's-eye view of the major repeats and chromatin types of tomato. Using fluorescence in-situ hybridization (FISH) with Cot-1, Cot-10 and Cot-100 DNA as probes we mapped repetitive sequences of different complexity on pachytene complements. Cot-100 was found to cover all heterochromatin regions, and could be used to identify repeat-rich clones in BAC filter hybridization. Next we established the chromosomal locations of the tandem and dispersed repeats with respect to euchromatin, nucleolar organizer regions (NORs), heterochromatin, and centromeres. The tomato genomic repeats TGRII and TGRIII appeared to be major components of the pericentromeres, whereas the newly discovered TGRIV repeat was found mainly in the structural centromeres. The highly methylated NOR of chromosome 2 is rich in [GACA](4), a microsatellite that also forms part of the pericentromeres, together with [GA](8), [GATA](4) and Ty1-copia. Based on the morphology of pachytene chromosomes and the distribution of repeats studied so far, we now propose six different chromatin classes for tomato: (1) euchromatin, (2) chromomeres, (3) distal heterochromatin and interstitial heterochromatic knobs, (4) pericentromere heterochromatin, (5) functional centromere heterochromatin and (6) nucleolar organizer regio

    Statistical analysis of nitrous oxide emission factors from pastoral agriculture field trials conducted in New Zealand

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    AbstractBetween 11 May 2000 and 31 January 2013, 185 field trials were conducted across New Zealand to measure the direct nitrous oxide (N2O) emission factors (EF) from nitrogen (N) sources applied to pastoral soils. The log(EF) data were analysed statistically using a restricted maximum likelihood (REML) method. To estimate mean EF values for each N source, best linear unbiased predictors (BLUPs) were calculated. For lowland soils, mean EFs for dairy cattle urine and dung, sheep urine and dung and urea fertiliser were 1.16 ± 0.19% and 0.23 ± 0.05%, 0.55 ± 0.19% and 0.08 ± 0.02% and 0.48 ± 0.13%, respectively, each significantly different from one another (p < 0.05), except for sheep urine and urea fertiliser. For soils in terrain with slopes >12°, mean EFs were significantly lower. Thus, urine and dung EFs should be disaggregated for sheep and cattle as well as accounting for terrain

    A MapReduce Framework for Analysing Portfolios of Catastrophic Risk with Secondary Uncertainty

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    AbstractThe design and implementation of an extensible framework for performing exploratory analysis of complex property portfolios of catastrophe insurance treaties on the Map-Reduce model is presented in this paper. The framework implements Aggregate Risk Analysis, a Monte Carlo simulation technique, which is at the heart of the analytical pipeline of the modern quantitative insurance/reinsurance pipeline. A key feature of the framework is the support for layering advanced types of analysis, such as portfolio or program level aggregate risk analysis with secondary uncertainty (i.e. computing Probable Maximum Loss (PML) based on a distribution rather than mean values). Such in-depth analysis is not supported by production-based risk management systems since they are constrained by hard response time requirements placed on them. On the other hand, this paper reports preliminary experimental results to demonstrate that in-depth aggregate risk analysis can be realized using a framework based on the MapReduce model

    Matrix Models, Monopoles and Modified Moduli

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    Motivated by the Dijkgraaf-Vafa correspondence, we consider the matrix model duals of N=1 supersymmetric SU(Nc) gauge theories with Nf flavors. We demonstrate via the matrix model solutions a relation between vacua of theories with different numbers of colors and flavors. This relation is due to an N=2 nonrenormalization theorem which is inherited by these N=1 theories. Specializing to the case Nf=Nc, the simplest theory containing baryons, we demonstrate that the explicit matrix model predictions for the locations on the Coulomb branch at which monopoles condense are consistent with the quantum modified constraints on the moduli in the theory. The matrix model solutions include the case that baryons obtain vacuum expectation values. In specific cases we check explicitly that these results are also consistent with the factorization of corresponding Seiberg-Witten curves. Certain results are easily understood in terms of M5-brane constructions of these gauge theories.Comment: 27 pages, LaTeX, 2 figure
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