The impact of income shocks on health: evidence from cohort data

We study the effect of permanent income innovations on health for a prime-aged population. Using information on more than half a million individuals sampled over a twenty-five year period in three different cross-sectional surveys we aggregate data by date-of-birth cohort to construct a ’synthetic cohort’ dataset with details of income, expenditure, socio-demographic factors, health outcomes and selected risk factors. We then exploit structural and arguably exogenous changes in cohort incomes over the eighties and nineties to uncover causal effects of permanent income shocks on health. We find that such income innovations have little effects on health, but do affect health behaviour and mortality

Career progression and formal versus on-the-job training

We model the choice of individuals to follow or not apprenticeship training and their subsequent career. We use German administrative data, which records education, labour market transitions and wages to estimate a dynamic discrete choice model of training choice, employment and wage growth. The model allows for returns to experience and tenure, match specific effects, job mobility and search frictions. We show how apprenticeship training affects labour market careers and we quantify its benefits, relative to the overall costs. We then use our model to show how two welfare reforms change life-cycle decisions and human capital accumulation: One is the introduction of an Earned Income Tax Credit in Germany, and the other is a reform to Unemployment Insurance. In both reforms we find very significant impacts of the policy on training choices and on the value of realized matches, demonstrating the importance of considering such longer term implications

Market regulation and firm performance: the case of smoking bans in the UK

This paper analyzes the effects of a ban on smoking in public places upon firms and consumers. It presents a theoretical model and tests its predictions using unique data from before and after the introduction of smoking bans in the UK. Cigarette smoke is a public bad, and smokers and non-smokers differ in their valuation of smoke-free amenities. Consumer heterogeneity implies that the market equilibrium may result in too much uniformity, whereas social optimality requires a mix of smoking and non-smoking pubs (which can be operationalized via licensing). If the market equilibrium has almost all pubs permitting smoking (as is the case in the data) then a blanket ban reduces pub sales, profits, and consumer welfare. We collect survey data from public houses and find that the Scottish smoking ban (introduced in March 2006) reduced pub sales and harmed medium run profitability. An event study analysis of the stock market performance of pub-holding companies corroborates the negative effects of the smoking ban on firm performance

Career progression and formal versus on-the-job training

We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data set which traces labour market transitions, mobility across firms and wages from the end of statutory schooling. We use the model to evaluate the life-cycle return to apprenticeship training and find that on average the costs outweigh the benefits; however for those who choose to train the returns are positive. We then use our model to consider the long-term lifecycle effects of two reforms: One is the introduction of an Earned Income Tax Credit in Germany, and the other is a reform to Unemployment Insurance. In both reforms we find very significant impacts of the policy on training choices and on the value of realised matches, demonstrating the importance of considering such longer term implications

Seismic Radiation From Simple Models of Earthquakes

We review some basic features of shear wave generation and energy balance for a 2D anti plane rupture. We first study the energy balance for a flat fault, and for a fault that contains a single localized kink. We determine an exact expression for the partition between strain energy flow released from the elastic medium surrounding the fault, radiated energy flow and energy release rate. This balance depends only on the rupture speed and the residual stress intensity factor. When the fault contains a kink, the energy available for fracture is reduced so that the rupture speed is reduced. When rupture speed changes abruptly, the radiated energy flow also changes abruptly. As rupture propagates across the kink, a shear wave is emitted that has a displacement spectral content that decreases like ω^(-2) at high frequencies. We then use spectral elements to model the propagation of an antiplane crack with a slip-weakening friction law. Since the rupture front in this case has a finite length scale, the wave emitted by the kink is smoothed at very high frequencies but its general behavior is similar to that predicted by the simple sharp crack model. A model of a crack that has several kinks and wanders around a mean rupture directions, shows that kinks reduce the rupture speed along the average rupture direction of the fault. Contrary to flat fault models, a fault with kinks produces high frequency waves that are emitted every time the rupture front turns at a kink. Finally, we discuss the applicability of the present results to a 3D rupture model

Finite-distance singularities in the tearing of thin sheets

We investigate the interaction between two cracks propagating in a thin sheet. Two different experimental geometries allow us to tear sheets by imposing an out-of-plane shear loading. We find that two tears converge along self-similar paths and annihilate each other. These finite-distance singularities display geometry-dependent similarity exponents, which we retrieve using scaling arguments based on a balance between the stretching and the bending of the sheet close to the tips of the cracks.Comment: 4 pages, 4 figure

First Order Phase Transition of a Long Polymer Chain

We consider a model consisting of a self-avoiding polygon occupying a variable density of the sites of a square lattice. A fixed energy is associated with each $90^\circ$-bend of the polygon. We use a grand canonical ensemble, introducing parameters $\mu$ and $\beta$ to control average density and average (total) energy of the polygon, and show by Monte Carlo simulation that the model has a first order, nematic phase transition across a curve in the $\beta$-$\mu$ plane.Comment: 11 pages, 7 figure