A finitely lived worker confronts a labor supply indivisibility, chooses when to work, and smooths consumption by trading a risk-free bond. A schedule maps cumulative time worked into current earnings. With a specification of preferences that assures balanced growth, the more elastic are earnings to accumulated working time, the longer is a worker’s career. Negative (positive) unanticipated ear...

This paper studies the importance of labor supply responses in enabling households to smooth consumption in the face of crop loss. The 1993 Indonesian Family Life Survey is unusual because it contains self-reported information on crop loss and on household responses to crop loss. 41.6 percent of households who reported a crop loss also reported that they responded by increasing their labor supp...

This paper addresses the question, whether and how employees use second job holdings to smooth out consumption shortfalls from non-anticipated wage shocks in their main employment. The analysis is based on the panel estimation of a dual job labour supply model a unique nationally representative data sets from Ukraine which contains detailed information on wage non-payment. The analysis accounts...

Interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. Developing countries are better suited for it, however, in light of big supply shocks and terms of trade shocks, such as monsoon rains and oil import price shocks in the case of India. Under annual inflation targeting (IT), the full impact of adverse supply shocks is felt as lost real GDP. NGDP targeti...

We use data from the Health and Retirement Study to examine the role of work-life balance (WLB) as a nonmonetary determinant of retirement transitions, conditional on job attributes such as hours of work, compensation, and benefits. We show that low levels of WLB are significantly associated with subsequent reductions in labor supply for workers ages 51 to 79, and document heterogeneity by gend...

Comment Hepatocellular carcinoma is a frequent complication of liver cirrhosis, and patients usually die from gastrointestinal bleeding, cachexia, or liver failure. The clinical healing of our patient's hepatocellular carcinoma may have been related to the severe haemorrhagic shock. Because of its high metabolic requirements neoplastic tissue is more sensitive than normal tissue to a sudden red...

The supply of heroin into the US has changed with new sourceforms and market strategies. Of particular concern is the rampant and persistent adulteration of heroin with synthetic opioids, most conspicuously the family of fentanyls. Medical consequences including alarming reports of increasing opioid-related overdose, chest wall rigidity syndrome and naloxone resistant overdoses demand urgent pu...

Since the discovery that nitric oxide (.NO) accounts for the biologic activity of endothelial-derived relaxing factor, a torrent of research over the last decade has focused on its role, protective or detrimental, in myriad pathophysiologic conditions. Recently, increasing attention has focused on .NO as a possible mediator of the severe hypotension and impaired vasoreactivity characteristic of...

Predicting the outcome of thermotherapies in cancer treatment requires an accurate characterization of the bioheat transfer processes in soft tissues. Due to the biological and structural complexity of tumor (soft tissue) composition and vasculature, it is often very difficult to obtain reliable tissue properties that is one of the key factors for the accurate treatment outcome prediction. Effi...

We use a dynamic factor model to provide a semi-structural representation for 101 quarterly US macroeconomic series. We find that (i) the US economy is well described by a number of structural shocks between two and six. Focusing on the four-shock specification, we identify, using sign restrictions, two non-policy shocks, demand and supply, and two policy shocks, monetary and fiscal. We obtain ...