We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively important self-insurance channels in responding to changes in longevity risk and pension benefits, and the responses via adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the pension reform and rapid aging together contribute 55 percent of the increase in the household saving rate from 1995 to 2009, and they jointly capture about 64 percent of the drastic increase in the labor supply for the same period.
Distributed MIMO and cell-free mobile communication are emerging technologies of wireless communication. This book introduces the fundamental theory, key technology and the prototype system of distributed MIMO and cellular free mobile communication system, including the unified system model, capacity and spectral efficiency analysis under imperfect channel information, cell edge effect, optimal power allocation and energy efficiency optimization, cache optimization, low complexity wireless transmission technology and new network assisted full duplex technology. In addition, the implementation of software and hardware and test results of distributed MIMO and cell free system based on cloud architecture are introduced in detail.This book will benefit senior undergraduates, postgraduates, scholars and engineers who are engaged in wireless mobile communication research. It can also be used as a reference book for postgraduates and researchers in the field of electronic and information engineering.
This book systematically introduces the key technologies for differentiated resourceful utilization of rural organic wastes based on high-efficiency anaerobic fermentation and bio-augmented composting, and discusses differentiating sources of organic wastes, integrating recycling technologies, developing key equipment, and researching management mechanisms. In addition, it describes the development of viable techniques and low-pollution, low-cost, and low-maintenance equipment. It also includes the technical specifications for the differentiated resourceful utilization of rural organic wastes and presents the energy-fertilizer integrated resourceful utilization method for rural organic wastes. Providing technological insights into improving the resourceful utilization level of rural organic wastes, this book is a valuable reference resource for administrative staff, researchers in the field of environmental protection, and technicians in enterprises involved in the treatment and disposal of solid wastes.
Focusing on the future development of basic education in China, and on overcoming related issues, this book identifies key breakthroughs, priorities and important fields of basic education reform. In addition, it introduces the “Three Power Model” – decision-making, principals’ leadership, and learning power – to help address the challenges of future development. Unlike much of the research on basic education reform, the book draws on a forward-thinking, realistic and comprehensive project: bringing together 15 universities and research institutes, 16 provincial administration departments, and 100 selected primary and secondary schools, it has also been strongly endorsed by the nation’s leaders. After five years of practice and innovation, it has made significant breakthroughs in many provinces. Sharing unique insights into the project and its outcomes, the book offers an invaluable asset for education researchers, primary and secondary school teachers, and anyone interested in the evolution of basic education in China.
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has undergone a dramatic process of rapid aging and a tremendous reduction in social security benefits for the period 1995-2009. We find that both savings and the labor supply are quantitatively important self-insurance channels in responding to changes in longevity risk and pension benefits, and the responses via adjustment to savings and labor supply have significant macroeconomic implications. Applying the model to China, we find that the pension reform and rapid aging together contribute 55 percent of the increase in the household saving rate from 1995 to 2009, and they jointly capture about 64 percent of the drastic increase in the labor supply for the same period.
This volume provides a one-stop resource, compiling current research on ceramic coatings and interfaces. It is a collection of papers from The American Ceramic Society s 32nd International Conference on Advanced Ceramics and Composites, January 27-February 1, 2008. Papers include developments and advances in ceramic coatings for structural, environmental, and functional applications. Articles are logically organized to provide insight into various aspects of ceramic coatings and interfaces. This is a valuable, up-to-date resource for researchers in industry, government, or academia who work in ceramics engineering.
Due to its many potential benefits, including high electrical efficiency and low environmental emissions, solid oxide fuel cell (SOFC) technology is the subject of extensive research and development efforts by national laboratories, universities, and private industries. In these proceedings, international scientists and engineers present recent technical progress on materials-related aspects of fuel cells including SOFC component materials, materials processing, and cell/stack design, performance, and stability. Emerging trends in electrochemical materials, electrodics, interface engineering, long-term chemical interactions, and more are included. This book is compiled of papers presented at the Proceedings of the 30th International Conference on Advanced Ceramics and Composites, January 22-27, 2006, Cocoa Beach, Florida. Organized and sponsored by The American Ceramic Society and The American Ceramic Society's Engineering Ceramics Division in conjunction with the Nuclear and Environmental Technology Division.
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