The Elasticity of Labor Demand and the Optimal Minimum Wage Contrary to widespread belief, we show that low-pay workers might not generally prefer that the minimum wage rate be increased to a level where the labor demand is unitary elastic. Rather, there exists a critical value of elasticity of labor demand such that increases in the minimum wage rate make low-pay workers better off for higher ...

Based on 3-D elasticity approach, differential quadrature method (DQM) in axial direction is adopted along with Globalized Nelder–Mead (GNM) algorithm to optimize the stacking sequence of a laminated cylindrical shell. The anisotropic cylindrical shell has finite length with simply supported boundary conditions. The elasticity approach, combining the state space method and DQM is used to obtain...

This paper examines how aversion to risk and aversion to intertemporal substitution determine the strength of the precautionary saving motive in a two-period model with Selden/Kreps-Porteus preferences. For small risks, we derive a measure of the strength of the precautionary saving motive which generalizes the concept of "prudence" introduced by Kimball (1990b). For large risks, we show that d...

background : hepatitis b virus (hbv) is one of the most popular causes of chronic liver diseases through the world. there are approximately 350 million individuals infected with the hbv that 15 to 20 million of them are co-infected with hdv. it is known that co-existent infection with hdv tends to accelerate the progress of chronic hbv infection to chronic hepatitis, cirrhosis and hepatocellula...

In this paper, axisymmetric free vibration analysis of a circular Nano-plate having variable thickness was studied. The variation in thickness of plate was considered as a linearly in radial direction. Nonlocal elasticity theory was utilized to take into account size-dependent effects. Ritz functions was utilized to obtain the frequency equations for simply supported and clamped boundary. To ve...

The management of future financial risk on the part of managers and changes in firm finances are two of the fundamental reasons for upward and downward rigidity of wages. The proxy variable for firm financial risk is volatility, the past performance of which is among the principal indicators of wage rigidity. In firms whose current performance is on the upswing, the greater the volatility in pa...

BACKGROUND Cartilage elasticity changes with cartilage degeneration. Hence, cartilage elasticity detection might be an alternative to traditional imaging methods for the early diagnosis of osteoarthritis. Based on the wave propagation measurement, Shear wave elastography (SWE) become an emerging non-invasive elasticity detection method. The wave propagation model, which is affected by tissue sh...