The Role of Annuitized Wealth in Post-retirement Behavior

2018 ◽  
Vol 10 (3) ◽  
pp. 71-117 ◽  
Author(s):  
John Laitner ◽  
Dan Silverman ◽  
Dmitriy Stolyarov
Keyword(s):  
Integrated Treatment ◽  
Nursing Home Care ◽  
Wealth Accumulation ◽  
Complex Dynamic ◽  
Optimal Behavior ◽  
Annuity Puzzle ◽  
Portfolio Composition ◽  
Retirement Saving ◽  
Retirement Behavior

This paper develops a tractable model of post-retirement behavior with health status uncertainty and state-verification difficulties. The model distinguishes between annuitized and non-annuitized wealth and features means-tested Medicaid assistance with nursing home care. We show how to solve the potentially complex dynamic problem analytically, making it possible to characterize optimal behavior with phase diagrams. The analysis provides an integrated treatment of portfolio composition and consumption/wealth accumulation choices. We show the model can explain both the “retirement-saving puzzle” and the “annuity puzzle.” (JEL D14, D15, G11, I18, I38, J14, J26)

Evaluation-driven design of a robust coreference resolution system

2003 ◽  
Vol 9 (3) ◽  
pp. 281-306 ◽  
Author(s):  
ANDREI POPESCU-BELIS
Keyword(s):  
Working Memory ◽  
Theoretical Analysis ◽  
Coreference Resolution ◽  
Knowledge Sources ◽  
Narrative Texts ◽  
Data Annotation ◽  
Evaluation Measures ◽  
Optimal Behavior ◽  
Resolution System

In this paper, we describe a system for coreference resolution and emphasize the role of evaluation for its design. The goal of the system is to group referring expressions (identified beforehand in narrative texts) into sets of coreferring expressions that correspond to discourse entities. Several knowledge sources are distinguished, such as referential compatibility between a referring expression and a discourse entity, activation factors for discourse entities, size of working memory, or meta-rules for the creation of discourse entities. For each of them, the theoretical analysis of its relevance is compared to scores obtained through evaluation. After looping through all knowledge sources, an optimal behavior is chosen, then evaluated on test data. The paper also discusses evaluation measures as well as data annotation, and compares the present approach to others in the field.

The Role of the Conclusions of the Council of Judges of the Russian Federation in the Prevention of the Emergence and Development of Conflicts of Legal Interests in the Judicial System of Russia

2020 ◽  
Vol 12 ◽  
pp. 56-66
Author(s):  
E. V. Ryabtseva ◽  
Keyword(s):  
Russian Federation ◽  
Judicial System ◽  
Structural Elements ◽  
Consistent System ◽  
Optimal Behavior ◽  
Regulatory Impact ◽  
The Russian Federation ◽  
The Impact ◽  
Individual Regulation

The growing role of the judicial community in reforming the judicial system actualizes the scientific problems of law enforcement associated with understanding the essence of the regulatory impact of the Councils of Judges of the Russian Federation as a body of the judicial community to prevent the emergence of conflicts of legal interests in judicial activity. The purpose of the research is to theoretically substantiate the essence of individual regulation of conflicts of legal interests by the Council of Judges of the Russian Federation, aimed at optimizing its activities to combat corruption. The worldview and methodological basis were the works of theoretical scholars and their methods of integrative understanding of law to substantiate the impact of the Council of Judges of the Russian Federation on judicial activity through individual regulation. The conclusion is substantiated that the activities of the Commission of the Council of Judges of the Russian Federation on Ethics, related to the drawing up of opinions on the assessment of conflicts of legal interests and other corruption risks for both acting judges and retired judges, is an individual regulation of legal relations through: interpretation of law; overcoming gaps and conflicts in the law; individuali zation of rights, etc. The content of the interpretation of law by the Commission of the Council of Judges of the Russian Federation on Ethics is: the application of certain norms of both international and national law in a specific legal relationship when assessing conflicts of legal interests among judges through a systematic interpretation of the norms of law as a system of elements, defining its role in law, identifying other norms, as well as the principles of law; interpretation of the principles and norms of law, through the legal-logical interpretation of a normative act as logically interconnected structural elements of a single, internally agreed and consistent system of principles and norms of law, when deciding on the presence of conflicts of legal interests in the activities of judges, etc. The paper substantiates that in relation to conflicts of legal interests, individualization should be aimed at determining by the Council of Judges of the Russian Federation typical situations of such conflicts for their correct assessment and development of recommendations related to the optimal behavior of judges, when circumstances arise that lead to conflicts of legal interests.

New Directions in the Study of Institutional Logics: From Tools to Phenomena

2021 ◽  
Vol 47 (1) ◽  
Author(s):  
Michael Lounsbury ◽  
Christopher W.J. Steele ◽  
Milo Shaoqing Wang ◽  
Madeline Toubiana
Keyword(s):  
Recent Work ◽  
Online Publication ◽  
Institutional Logics ◽  
Annual Review ◽  
Publication Date ◽  
Complex Dynamic ◽  
New Directions ◽  
Analytical Tools ◽  
Dynamic Phenomena

In this article, we take stock of the institutional logics perspective and highlight opportunities for new scholarship. While we celebrate the growth and generativity of the literature on institutional logics, we also note that there has been a troubling tendency in recent work to use logics as analytical tools, feeding disquiet about reification and reductionism. Seeding a broader scholarly agenda that addresses such weaknesses in the literature, we highlight nascent efforts that aim to more systematically understand institutional logics as complex, dynamic phenomena in their own right. In doing so, we argue for more research that probes how logics cohere and endure by unpacking the role of values, the centrality of practice, and the governance dynamics of institutional logics and their orders. Furthermore, we encourage bridging the study of institutional logics with various literatures, including ethnomethodology, phenomenology, professions, elites, world society, and the old institutionalism, to enhance progress in these directions. Expected final online publication date for the Annual Review of Sociology, Volume 47 is July 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

scholarly journals The role of L1 English speakers’ familiarity with Brazilian-accented English (L2) in the intelligibility of Brazilian learners of English (L2): a discussion on intelligibility from a Complex Dynamic Systems perspective

2020 ◽  
Vol 73 (1) ◽  
pp. 339-362
Author(s):  
Déborah Salves ◽  
Paolla Wanglon ◽  
Ubiratã Kickhöfel Alves
Keyword(s):  
Dynamic Systems ◽  
Brazilian Portuguese ◽  
English Speakers ◽  
Southern Brazil ◽  
Complex Dynamic ◽  
Systems Perspective ◽  
Complex Dynamic Systems ◽  
Accented English ◽  
L1 English

The aim of this study is to investigate the effect of familiarity with Brazilian-accented English (L2) in the intelligibility of speech samples when judged by native English listeners. Speech samples were collected from five native Brazilian Portuguese individuals from Southern Brazil, with a pre-intermediate level of proficiency in English. Following a Complex Dynamic Systems account (De Bot et al., 2007), this is a longitudinal study in which a group of four British listeners participated in weekly intelligibility transcription tasks, applied over the course of five weeks. This group was comprised of individuals who had recently arrived in Brazil. Results suggest that familiarity with a speaker’s L1 and accented-L2 has an effect on the intelligibility of what is heard. From the perspective of Complex Dynamic Systems, we argue that there is an alteration of a listener’s perception of his/her own language system due to exposure to it as an L2.

scholarly journals Perceptual metacognition of human faces is causally supported by function of the lateral prefrontal cortex

2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Regina C. Lapate ◽  
Jason Samaha ◽  
Bas Rokers ◽  
Bradley R. Postle ◽  
Richard J. Davidson
Keyword(s):  
Prefrontal Cortex ◽  
Metacognitive Awareness ◽  
Social Stimuli ◽  
Lateral Prefrontal Cortex ◽  
Optimal Behavior ◽  
Face Stimuli ◽  
And Function ◽  
Human Faces ◽  
Causal Intervention

AbstractMetacognitive awareness—the ability to know that one is having a particular experience—is thought to guide optimal behavior, but its neural bases continue to be the subject of vigorous debate. Prior work has identified correlations between perceptual metacognitive ability and the structure and function of lateral prefrontal cortex (LPFC); however, evidence for a causal role of this region in promoting metacognition is controversial. Moreover, whether LPFC function promotes metacognitive awareness of perceptual and emotional features of complex, yet ubiquitous face stimuli is unknown. Here, using model-based analyses following a causal intervention to LPFC in humans, we demonstrate that LPFC function promotes metacognitive awareness of the orientation of faces—although not of their emotional expressions. Collectively, these data support the causal involvement of the prefrontal cortex in metacognitive awareness, and indicate that the role of LPFC in metacognition encompasses perceptual experiences of naturalistic social stimuli.

scholarly journals Facing financialization in the housing sector: A human right to adequate housing for all

2020 ◽  
Vol 38 (2) ◽  
pp. 94-114
Author(s):  
Ingrid Leijten ◽  
Kaisa de Bel
Keyword(s):  
Human Rights ◽  
Financial Markets ◽  
Dominant Role ◽  
Local Level ◽  
Wealth Accumulation ◽  
Housing Conditions ◽  
Human Right ◽  
Social Good ◽  
The Right

Housing is increasingly seen as a vehicle for wealth accumulation rather than a social good. ‘Financialization’ of housing refers to the expanding and dominant role of financial markets and corporations in the field of housing, leading to unaffordable and insufficient housing and discrimination. Although clearly linked to the right to adequate housing, financialization and its effects are not often viewed from a human rights perspective. This article fleshes out this important link by illuminating the standards set in relation to the right to adequate housing enshrined in Article 11(1) ICESCR. It is shown that recently, human rights bodies have confronted the issue of financialization more directly, translating general requirements to this particular issue. Moreover, efforts at UN level are mirrored in initiatives at the local level, signalling the beginning of a shift towards a paradigm that complies with human rights. The financialization of housing and the response of human rights also allow for addressing a more general issue, namely the potential of majority protection in times of human rights backlash. In this regard, it is worth emphasising that human rights such as the right to adequate housing protect not only the extreme poor. In the context of financialization, this may contribute to better housing conditions as well as reconnect people to their human rights.

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