Education and Labor-Market Discrimination

We propose a model that combines statistical discrimination and educational sorting that explains why blacks get more education than do whites of similar cognitive ability. Our model explains the difference between blacks and whites in the relations between education and AFQT and between wages and education. It cannot easily explain why, conditional only on AFQT, blacks earn no more than do whites. It does, however, suggest, that when comparing the earnings of blacks and whites, one should control for both AFQT and education in which case a substantial black-white wage differential reemerges. We explore and reject the hypothesis that differences in school quality between blacks and whites explain the wage and education di%uFB00erentials. Our findings support the view that some of the black-white wage di%uFB00erential reflects the operation of the labor market.

Scaling theory of the Mott transition and breakdown of the Gr\"uneisen scaling near a finite-temperature critical end point

We discuss a scaling theory of the lattice response in the vicinity of a finite-temperature critical end point. The thermal expansivity is shown to be more singular than the specific heat such that the Gr\"uneisen ratio diverges as the critical point is approached, except for its immediate vicinity. More generally, we express the thermal expansivity in terms of a scaling function which we explicitly evaluate for the two-dimensional Ising universality class. Recent thermal expansivity measurements on the layered organic conductor kappa-(BEDT-TTF)_2 X close to the Mott transition are well described by our theory.Comment: 4 REVTeX pages, 4 figures; minor changes, as publishe

POD model order reduction with space-adapted snapshots for incompressible flows

We consider model order reduction based on proper orthogonal decomposition (POD) for unsteady incompressible Navier-Stokes problems, assuming that the snapshots are given by spatially adapted finite element solutions. We propose two approaches of deriving stable POD-Galerkin reduced-order models for this context. In the first approach, the pressure term and the continuity equation are eliminated by imposing a weak incompressibility constraint with respect to a pressure reference space. In the second approach, we derive an inf-sup stable velocity-pressure reduced-order model by enriching the velocity reduced space with supremizers computed on a velocity reference space. For problems with inhomogeneous Dirichlet conditions, we show how suitable lifting functions can be obtained from standard adaptive finite element computations. We provide a numerical comparison of the considered methods for a regularized lid-driven cavity problem

What drives the demand of monetary financial institutions for domestic government bonds? : empirical evidence on the impact of Basel II and Basel III

This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank regulation has a significant positive impact on MFI demand for domestic government securities. The results are representative for the MFI in the euro zone. They remain highly robust and significant after controlling for other influential factors and potential endogeneity

RGtk2: A Graphical User Interface Toolkit for R

Graphical user interfaces (GUIs) are growing in popularity as a complement or alternative to the traditional command line interfaces to R. RGtk2 is an R package for creating GUIs in R. The package provides programmatic access to GTK+ 2.0, an open-source GUI toolkit written in C. To construct a GUI, the R programmer calls RGtk2 functions that map to functions in the underlying GTK+ library. This paper introduces the basic concepts underlying GTK+ and explains how to use RGtk2 to construct GUIs from R. The tutorial is based on simple and pratical programming examples. We also provide more complex examples illustrating the advanced features of the package. The design of the RGtk2 API and the low-level interface from R to GTK+ are discussed at length. We compare RGtk2 to alternative GUI toolkits for R.