Empirical risk analysis of pension insurance: the case of Germany

With this paper we seek to contribute to the literature on pension insurance systems. The financial literature tends to focus exclusively on the US pension insurance system. This is the first major empirical study to address the German occupational pension insurance (PSVaG) plan in Germany. The study is based on a Merton-type one-factor model, in which we determine the credit portfolio risk profile of the occupational pension insurance plan and compare two alternative pricing plans. We find that there is a low, yet non-negligible risk of very high losses that may threaten the existence of the occupational pension insurance plan (PSVaG). While relating risk premiums to firms' default probabilities would cause them to diverge widely, a marginal risk contribution method would produce less pronounced differences compared to the current, uniform pricing plan. --Pension insurance,Risk-adjusted premiums,Credit portfolio risk

Measurement and numerical calculation of Rubidium Rydberg Stark spectra

We report on the measurement of Stark shifted energy levels of $^{87}$Rb Rydberg atoms in static electric fields by means of electromagnetically induced transparency (EIT). Electric field strengths of up to 500V/cm, ranging beyond the classical ionisation threshold, were applied using electrodes inside a glass cell with rubidium vapour. Stark maps for principal quantum numbers $n=35$ and $n=70$ have been obtained with high signal-to-noise ratio for comparison with results from ab initio calculations following the method described in [M. L. Zimmerman et al., Phys. Rev. A 20, 2251 (1979)], which was originally only verified for states around $n=15$. We also calculate the dipole matrix elements between low-lying states and Stark shifted Rydberg states to give a theoretical estimate of the relative strength of the EIT signal. The present work significantly extends the experimental verification of this numerical method in the range of both high principal quantum numbers and high electric fields with an accuracy of up to 2MHz.Comment: 8 pages, 6 figure

Fracturas de implantes de tibia. Consecuencias para los ensayos de los implantes

El objetivo de este trabajo es estudiar los modelos de fracturas de prótesis de tibia descritos en la literatura y, sobre la base de dichos conocimientos, desarrollar un ensayo para implantes en la cual se logren simular condiciones fisiológicas. El caso descrito con mayor frecuencia en la literatura es la migración de la parte medial de la prótesis, fenómeno que, a menudo, antecede a la fractura de la prótesis. La posición defectuosa resultante de dicha migración modifica el eje mecánico y provoca una sobrecarga en la parte medial de la prótesis. Se ha desarrollado un ensayo de implantes que simula el modelo de fallo in-vivo. Dos bases de material sintético de diferente dureza simulan la diferente densidad ósea medial y lateral, para permitir una migración del lado medial del platillo. En el ensayo dinámico el platillo tibial es sometido a una carga de un solo lado y el vástago de la prótesis se apuntala con un contrasoporte. Para simular el entorno fisiológico, todo el dispositivo se encuentra sumergido en una solución de Ringer a 37°. El implante de tibia es expuesto durante 10 millones de ciclos a una carga que corresponde al quíntuple del peso del cuerpo (4.000 N). El punto de aplicación de la fuerza fue tomado de datos de análisis del caminar (marcha en superficie plana, ascendente y descendente, subir escaleras). Con esta carga fisiológica se efectuaron los primeros ensayos. En éstas quedó demostrado que productos clínicamente exitosos podían superar el ensayo. Por el contrario, los productos con modelos de fracturas conocidos no la superaron. Los primeros resultados con estos productos demostraron también que el ensayo generaba muestras de fractura semejantes a las que se producen in vivo. Debido a la configuración fisiológica del dispositivo se somete el sistema completo es decir el platillo, el vástago de la prótesis y la unión - generalmente modular - entre ambos a ensayo. El "ensayo fisiológico de tibia " descrito ayuda a evaluar los diseños de tibia antes de que se autorice su venta. Nuevos implantes y modificaciones de diseño en implantes ya existentes son puestos a la venta después de cumplir con las exigencias del ensayo.Peer Reviewe

IMPACTFUL INTERACTIONS WITH MEDICAL INTERPRETATION

The purpose of this paper is to examine the quality of healthcare that one can receive when the language barrier is a factor, looking specifically at the collaboration of interpreters and physicians in the delivery of care. To carry out this study, I have analyzed the presence of the language barrier in South Dakota, the current methods of interpretation in clinical settings, and how physicians and interpreters work together to provide care to Limited English Proficiency (LEP) patients. Data has been collected from scholarly articles, journals, presentations, and videos. Ultimately, with my committee’s help, I have created a physician-interpreter training module for the Sanford School of Medicine to prepare future physicians to work alongside interpreters, improving care for LEP patients. This proposed training will be included in the medical school curriculum, enhancing the patient encounter and future health outcomes. As the immigrant population in South Dakota continues to grow, the need for meaningful access to healthcare for LEP patients grows as well. The ultimate goal is to increase the quality of care that these patients can receive in years to come

Predicting volleyball serve-reception at group level

In a group-serve-reception task, how does serve-reception become effective? We addressed "who" receives/passes the ball, what task-related variables predict action mode selection and whether the action mode selected was associated with reception efficacy. In 182 serve-receptions we tracked the ball and the receivers' heads with two video-cameras to generate 3D world-coordinates reconstructions. We defined receivers' reception-areas based on Voronoi diagrams (VD). Our analyses of the data showed that this approach was accurate in describing "who" receives the serve in 95.05% of the times. To predict action mode selection, we used variables related to: serve kinematics, receiver's movement and on-court positioning, the relation between receiver and his closest partner, and interactions between receiver-ball and receiver-target. Serve's higher initial velocities together with higher maximum height, as well as smaller longitudinal distances between receiver and target increased the chances for the use of the overhand pass. Conversely, decreasing alignment of the receiver with the ball and the target increased the chances of using the underhand-lateral pass. Finally, the use of the underhand-lateral pass was associated with lower quality receptions. Behavioural variability's relevance for serve-reception training is discussed

Refractory Materials for Flame Deflector Protection System Corrosion Control: Flame Deflector Protection System Life Cycle Cost Analysis Report

A 20-year life cycle cost analysis was performed to compare the operational life cycle cost, processing/turnaround timelines, and operations manpower inspection/repair/refurbishment requirements for corrosion protection of the Kennedy Space Center launch pad flame deflector associated with the existing cast-in-place materials and a newer advanced refractory ceramic material. The analysis compared the estimated costs of(1) continuing to use of the current refractory material without any changes; (2) completely reconstructing the flame trench using the current refractory material; and (3) completely reconstructing the flame trench with a new high-performance refractory material. Cost estimates were based on an analysis of the amount of damage that occurs after each launch and an estimate of the average repair cost. Alternative 3 was found to save $32M compared to alternative 1 and$17M compared to alternative 2 over a 20-year life cycle

Evidence for Long-Term Impact of Pasos Adelante: Using a Community-Wide Survey to Evaluate Chronic Disease Risk Modification in Prior Program Participants

Effective community-level chronic disease prevention is critical to population health within developed and developing nations. Pasos Adelante is a preventive intervention that aims to reduce chronic disease risk with evidence of effectiveness in US-Mexico residing, Mexican origin, participants. This intervention and related ones also implemented with community health workers have been shown to improve clinical, behavioral and quality of life indicators; though most evidence is from shorter-term evaluations and/or lack comparison groups. The current study examines the impact of this program using secondary data collected in the community 3–6 years after all participants completed the program. A proportional household survey (N = 708) was used that included 48 respondents who indicated they had participated in Pasos. Using propensity score matching to account for differences in program participants versus other community residents (the program targeted those with diabetes and associated risk factors), 148 natural controls were identified for 37 matched Pasos participants. Testing a range of behavioral and clinical indicators of chronic disease risk, logistic regression models accounting for selection bias showed two significant findings; Pasos participants were more physically active and drank less whole milk. These findings add to the evidence of the effectiveness of Pasos Adalente and related interventions in reducing chronic disease risk in Mexican-origin populations, and illustrate the use of innovative techniques for using secondary, community-level data to complement prior evaluation research