This paper explores how earnings variability is related to retirement wealth. Past research has demonstrated that the average American household on the verge of retirement would need to save substantially more, in order to preserve consumption flows in old age. While several socioeconomic factors have been examined that might explain such problems, prior studies have not assessed the role of ea...

This paper develops a computable general equilibrium model with overlapping generations [OLG] to analyse the behavioural, welfare and macroeconomic implications of the following hypothetical changes to the age pension means test: (i) abolition of the means test, (ii) 50 percent reduction in the income taper rate and (iii) removal of the labour earnings from the income test. The model features i...

Dehaloperoxidase (DHP) from Amphitrite ornata is the first globin that has peroxidase activity that approaches that of heme peroxidases. The substrates 2,4,6-tribromophenol (TBP) and 2,4,6-trichlorophenol are oxidatively dehalogenated by DHP to form 2,6-dibromo-1,4-benzoquinone and 2,6-dichloro-1,4-benzoquinone, respectively. There is a well-defined internal substrate-binding site above the hem...

Cherry EM, Fenton FH. A tale of two dogs: analyzing two models of canine ventricular electrophysiology. Am J Physiol Heart Circ Physiol 292: H43–H55, 2007. First published September 22, 2006; doi:10.1152/ajpheart.00955.2006.—The extensive development of detailed mathematical models of cardiac myocyte electrophysiology in recent years has led to a proliferation of models, including many that mod...

This paper examines household decisions about whether or not to annuitize retirement resources. A lifecycle model of consumption, implemented with the use of dynamic programming techniques, is used to construct a utility-based measure of annuity value for individuals and couples in the Health and Retirement Survey. Variation in the calculated “annuity equivalent wealth” arises from differences ...

Strotz (1956) …rst suggested that people are more impatient when making short-run tradeo¤s than long-run ones. Many experimental studies supports this conjecture. Retirement decisions …t this description: when deciding whether retire or not, individuals may weight too much the costs of remaining at work (i.e. disutility of working an additional year, implicit tax on continued activity) and too ...

Fang, Xiang, Shanming Hu, Bingkun Xu, Gary D. Snyder, Shawn Harmon, Jianrong Yao, Yi Liu, Bhavani Sangras, J. R. Falck, Neal L. Weintraub, and Arthur A. Spector. 14,15-Dihydroxyeicosatrienoic acid activates peroxisome proliferator-activated receptor. Am J Physiol Heart Circ Physiol 290: H55–H63, 2006. First published August 19, 2005; doi:10.1152/ajpheart.00427.2005.— Epoxyeicosatrienoic acids (...

In this paper we study the disability transition probabilities (as well as the mortality probabilities) due to concurrent factors to age such as income, gender and education. Although it is well known that ageing and socioeconomic status influence the probability of causing functional disorders, surprisingly little attention has been paid to the combined effect of those factors along the indivi...

Increasing fiscal deficits raise the possibility that many advanced economies will reach a state at which taxes and spending can no longer adjust to stabilize debt, which eventually leads governments to implement “unpleasant” fiscal austerity measures. In this paper, we study the macroeconomic and welfare effects of reducing government debt. We formulate a dynamic general equilibrium, overlappi...