Essays on health care reform, wealth inequality, and demography

This thesis contains three chapters. The first chapter uses a general equilibrium framework to simulate and compare the long run effects of the Patient Protection and Affordable Care Act (PPACA) and of health care costs reduction policies on macroeconomic variables, government budget, and welfare of individuals. We found that all policies were able to reduce uninsured population, with the PPACA being more effective than cost reductions. The PPACA increased public deficit mainly due to the Medicaid expansion, forcing tax hikes. On the other hand, cost reductions alleviated the fiscal burden of public insurance, reducing public deficit and taxes. Regarding welfare effects, the PPACA as a whole and cost reductions are welfare improving. High welfare gains would be achieved if the U.S. medical costs followed the same trend of OECD countries. Besides, feasible cost reductions are more welfare improving than most of the PPACA components, proving to be a good alternative. The second chapter documents that life cycle general equilibrium models with heterogeneous agents have a very hard time reproducing the American wealth distribution. A common assumption made in this literature is that all young adults enter the economy with no initial assets. In this chapter, we relax this assumption – not supported by the data – and evaluate the ability of an otherwise standard life cycle model to account for the U.S. wealth inequality. The new feature of the model is that agents enter the economy with assets drawn from an initial distribution of assets. We found that heterogeneity with respect to initial wealth is key for this class of models to replicate the data. According to our results, American inequality can be explained almost entirely by the fact that some individuals are lucky enough to be born into wealth, while others are born with few or no assets. The third chapter documents that a common assumption adopted in life cycle general equilibrium models is that the population is stable at steady state, that is, its relative age distribution becomes constant over time. An open question is whether the demographic assumptions commonly adopted in these models in fact imply that the population becomes stable. In this chapter we prove the existence of a stable population in a demographic environment where both the age-specific mortality rates and the population growth rate are constant over time, the setup commonly adopted in life cycle general equilibrium models. Hence, the stability of the population do not need to be taken as assumption in these models.

Cauchy-Stieltjes Integral on Time Scales in Banach Spaces and Hysteresis Operators

The play operator has a fundamental importance in the theory of hysteresis. It was studied in various settings as shown by P. Krejci and Ph. Laurencot in 2002. In that work it was considered the Young integral in the frame of Hilbert spaces. Here we study the play in the frame of the regulated functions (that is: the ones having only discontinuities of the first kind) on a general time scale T (that is: with T being a nonempty closed set of real numbers) with values in a Banach space. We will be showing that the dual space in this case will be defined as the space of operators of bounded semivariation if we consider as the bilinearity pairing the Cauchy-Stieltjes integral on time scales.

The tachyon potential in open Neveu-Schwarz string field theory

A classical action for open superstring field theory has been proposed which does not suffer from contact term problems. After generalizing this action to include the non-GSO projected states of the Neveu-Schwarz string, the pure tachyon contribution to the tachyon potential is explicitly computed. The potential has a minimum of V = 1/32g(2) which is 60% of the predicted exact minimum of V = 1/2 pi(2)g(2) from D-brane arguments.

Regularizing cubic open Neveu-Schwarz string field theory

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

A multidimensional version of the Carlson inequality

We give a multidimensional extension of a one-dimensional integral inequality due to F. Carlson. The extension presented here involves Lp spaces with mixed norms in a very natural way. © 1984.

Relating the Green-Schwarz and pure spinor formalisms for the superstring

Although it is not known how to covariantly quantize the Green-Schwarz (GS) superstring, there exists a semi-light-cone gauge choice in which the GS superstring can be quantized in a conformally invariant manner. In this paper, we prove that BRST quantization of the GS superstring in semi-light-cone gauge is equivalent to BRST quantization using the pure spinor formalism for the superstring © SISSA/ISAS 2005.

Trade policy and wage inequality in Chile since the 1990s

Includes bibliography

Social dimensions of economic development and productivity: inequality and social performance

Includes bibliography

Social dimensions of economic development and productivity: inequality and social performance: an overview

Includes bibliography

Income inequality in Central America, Dominican Republic and Mexico: assessing the importance of individual and household characteristics

Includes bibliography

Growth, poverty and inequality in Central America

Includes bibliography

The evolution of world income inequality: assessing the impact of globalization

Includes bibliography

Hypercomplex geometric derivative from a Cauchy-like integral formula

The derivation and integration of hipercomplex functions have been investigated along the years, see [7], [11], [14]. The main purpose of this brief article is to give a geometrical interpretation for quaternionic derivatives, based on a recent determination of a Cauchy-like formula for quaternions, see [3]. © 2011 Academic Publications.

Sedenions of Cayley-Dickson and the Cauchy-Riemann like relations

This work is an extension to sedenions of the Cauchy-Riemann relations, following a similar earlier construction made by one of the authors (M. Borges) to quaternions and octonions, see [1], [2], [3]. © 2011 Academic Publications.

Income inequality in Latin America: Data challenges and availability from a comparative perspective

Includes bibliography