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Population aging in many countries has become a fundamental concern of public policy. One reason is fears that increasing numbers of elderly will place disproportionate burdens on their children in order to fund public pensions and health-related services. This analysis first discusses basic principles for assessing this question of intergenerational fairness. It then applies an empirically-based overlapping cohort dynamic microsimulation model for a quantitative analysis of the flows of taxes and cash and in-kind transfers for successive birth cohorts. The simulations cover both exogenous factors – specifically trends in life expectancy and the strength of the economy, and policy-related factors – specifically raising the age of entitlement to public pensions from age 65 to 70, and price versus relative wage indexing. The analysis concludes, among other points, that intergenerational differences are significantly smaller than intra-generational variations, and that the parents of the baby-boom generation are likely to benefit from the largest lifetime net transfers of any birth cohort from 1890 to 2010.

The valuation of interests in land for Inheritance Tax purposes may be relatively straightforward ‘open market’ valuations as at the date of death, or they may not. An actual disposal, either prior or subsequent to death, can produce prima facie useful evidence of value, but such evidence must be viewed in the context of the reliefs offered by ss. 131 to 139 and 191 to 198 of the Inheritance Tax Act 1984. The first in this series of papers examines the situation regarding lifetime transfers which may come into account due to the death of the donor occurring within seven years of making the gift, and develops a strategy for valuers wishing to maximise their use of the reliefs available.

The purpose of this paper is to measure the long-run housing affordability of Malaysia over time for households at various income levels and to demonstrate how short- and long-run affordability measures can reach contradicting conclusions.

In this study, a long-run housing affordability index (HAI) for Malaysia was constructed for the sample period 1995 to 2014, using data from house prices and household incomes. The HAI was also modified to compute a mortgage affordability index (MAI) to account for intergenerational transfers.

The results show that households at the 25th income percentile cannot afford any of the four dwelling types in Malaysia. For households at the 40th income percentile and the median income levels, high-rise and terrace housing are affordable. However, significant downward trends in HAI and MAI are documented beginning 2009, which indicates increasing housing stress for households at or below the median income. The short-run affordability measure represented by the median multiple (MM) indicator showed bleaker conclusion for housing affordability, with all dwelling types considered unaffordable over the entire sample period

On the basis of the empirical results, this paper provided several long-term proposals to ameliorate the housing affordability problem in Malaysia.

With the MM ratio being the official affordability measure reported for Malaysia, this study introduces the nation’s first long-run housing affordability measure. It is hoped that this long-run measure will achieve widespread adoption in Malaysia. Given the deteriorating long-term affordability, this study offers several possible long-term solutions.

Conventional consumer equivalence scales measure the cost of children (and other household living arrangements) but not their benefits. Since many people choose to have children, these costs must be outweighed by other benefits. This paper considers these issues of demographic choice and explores the relevance of consumer equivalence scales to the broader welfare questions associated with tax/transfer policies and poverty and inequality measurement. The paper concludes that in contrast to conventional methods of measuring poverty and inequality, there is a case for the use of different equivalence scales for adults and children in the same household. Though the adults may have chosen their lower living standard in exchange for the “joys of parenthood”, the children have made no such choice.

In recent days, there is a huge loss in the income of farmers due to the reasons such as low water lever and increased pesticide attack. Therefore, the purpose of this paper is to establish an efficient reliable low-cost information gathering Reliable Low-Cost Information Gathering Protocol (RLCIG) protocol for agricultural water irrigation using optimal clustering and path selection technique where the RCIG protocol wrinkles the expedient statistics about the moisture and temperature of the soil and it will be installed few inches below the pipeline. Thereafter, the congregated data will augment the irrigation of water by using a decision-making algorithm.

The projected model has been inscribed mathematically by underlying the wireless sensor networks (WSN) framework with deliberation of contemporary challenges. Furthermore, the energy, cost and expanse optimization framework in the WSN framework is presented. The projected technique has been tested using network simulator and the results are also integrated MATLAB.

Recently, for efficacious management in the field of agriculture, the WSN has been successfully assimilated. This instigation accomplishes the irrigation management in terms of energy, cost and communication distance. The simulation result shows that the proposed model yields better results in terms of both the transmission range and cost with efficient lifetime improvement in comparisons with existing techniques.

Agriculture is the need of the time whatever invention happens in the scientific world without food production no lives survive on the earth, hence, the scientific invention should also focus on agriculture, in this contrast, the authors have proposed an efficient low-cost information gathering (RCIG) protocol for agricultural water irrigation using optimal clustering and path selection technique.

The purpose of this paper is to propose a multi-objective differential evolution algorithm named as MOMR-DE to resolve multicast routing problem. In mobile ad hoc network (MANET), multicast routing is a non-deterministic polynomial -complete problem that deals with the various objectives and constraints. Quality of service (QoS) in the multicast routing problem mainly depends on cost, delay, jitter and bandwidth. So the cost, delay, jitter and bandwidth are always considered as multi-objective for designing multicast routing protocols. However, mobile node battery energy is finite and the network lifetime depends on node battery energy. If the battery power consumption is high in any one of the nodes, the chances of network’s life reduction due to path breaks are also more. On the other hand, node’s battery energy had to be consumed to guarantee high-level QoS in multicast routing to transmit correct data anywhere and at any time. Hence, the network lifetime should be considered as one objective of the multi-objective in the multicast routing problem.

Recently, many metaheuristic algorithms formulate the multicast routing problem as a single-objective problem, although it obviously is a multi-objective optimization problem. In the MOMR-DE, the network lifetime, cost, delay, jitter and bandwidth are considered as five objectives. Furthermore, three QoS constraints which are maximum allowed delay, maximum allowed jitter and minimum requested bandwidth are included. In addition, we modify the crossover and mutation operators to build the shortest-path multicast tree to maximize network lifetime and bandwidth, minimize cost, delay and jitter.

Two sets of experiments are conducted and compared with other algorithms for these problems. The simulation results show that our proposed method is capable of achieving faster convergence and is more preferable for multicast routing in MANET.

In MANET, most metaheuristic algorithms formulate the multicast routing problem as a single-objective problem. However, this paper proposes a multi-objective differential evolution algorithm to resolve multicast routing problem, and the proposed algorithm is capable of achieving faster convergence and more preferable for multicast routing.

Discusses feasibility, desirability and value of Japanese management strategies in a Western context. Major Japanese companies are at the leading edge in refining management strategies, techniques and styles, for example, with regard to having a long‐term perspective and the continuous improvement of quality, stock control, skill formation, communications, training and employee development. As possible models can these approaches be transferred to different cultures?

Wealth transfer taxes, including the estate tax, have been an integral part of American tax policy since the eighteenth century. The current estate tax has its roots in eighteenth century English political philosophy that provides civil law precedent over any natural rights an individual possesses in property. The purpose of the tax is to limit wealth accumulation and discourage the formation of economic dynasties.Since the adoption of the Sixteenth Amendment to the Constitution and passage of the Revenue Act of 1916, the estate tax has largely targeted high-wealth individuals. The modern estate tax began with a narrow base and relatively low rates. The tax base has expanded during the past 80 years to include both estate and lifetime transfers and tax rates have ranged from 10 to 77%. During this time, the degree of rate progressivity has remained high but has decreased since 1976. The incidence of the tax has varied over the years due in large part to the size of the estate tax exemption or its equivalent.The estate tax's contribution to the federal budget has ranged from over five percent to its current level of about one percent. The estate tax's growth, however, has accelerated in recent years as personal wealth has increased and American society has aged.

The purpose of this paper is to find the optimum inverter type as the solder joint reliability point of view.

In this paper, finite element model(ing) simulations supported with power cycling aging experiments were used to demonstrate the best inverter type as the solder joint reliability point of view.

It was found that inverter types highly affect the solder joint health during its nominal operating.

The authors confirm the originality of this paper.

The purpose of this study is to investigate the effect of aging temperature on the barrel-type solder joint lifetime of electronic devices and to include these effects in the modified prediction model.

Several accelerated shear stress tests under different stress amplitudes and aging temperatures were performed.

It was found that by aging temperature increasing, the lifetime decreases. Morrow energy model was also found as the best prediction model when the aging temperature is taken into consideration.

It is confirmed.