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Estimation of Nonlinear Error Correction Models
Myung Hwan Seo
Asymptotic inference in nonlinear vector error correction models (VECM) that exhibit regime-specific short-run dynamics is nonstandard and complicated. This paper contributes the literature in several important ways. Fir...Read more...
Modelling poverty by not modelling poverty: An application of a simultaneous hazards approach to the UK
Arnstein Aassve, Simon Burgess, Matt Dickson and Carol Propper
We pursue an economic approach to analysing poverty. This requires a focus on the variables that individuals can influence, such as forming or dissolving a union or having children. We argue that this indirect approach t...Read more...
Knowing what is good for you: Empirical analysis of personal preferences and the 'objective good'
This paper aims to test empirically if certain frequently used measures of well-being, which are regarded as valuable properties of human life, are actually desired by people. In other words, it investigates whether the ...Read more...
Employment, Family Union, and Childbearing Decisions in Great Britain
Arnstein Aassve, Simon Burgess, Carol Propper and Matt Dickson
The paper investigates the relationship between work and family life in Britain. Using appropriate statistical techniques we estimate a five-equation model, which includes birth events, union formation, union dissolution...Read more...
Theoretical Economics Paper
Financial Institutions and The Wealth of Nations: Tales of Development
Jian Tong and Chenggang Xu
Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial develop...Read more...
The Effect of Unobservables on Labour Supply Decisions: The formal and informal sector during transition
Ceema Zahra Namazie
The transition from a command economy in the FSU resulted in increased activities in the informal sector. However despite prevalent delays in wage payments many workers were still observed to be working full-time in the ...Read more...
Why Labour Hoarding may be Rational: A model of firm behaviour during transition
Ceema Zahra Namazie
In the Former Soviet Union, the early 1990s were characterized by large falls in GDP and small changes to already low unemployment. The slow adjustment to unemployment was a result of employers using various means to mai...Read more...
Who Bore the Burden of Wage Arrears in the Kyrgyz Republic?
Ceema Zahra Namazie
Despite large falls in output in the FSU, rather than firing workers, workers were subjected to long spells of unpaid leave or non-payment of wages (wage arrears). Wage arrears is a significant problem in the countries o...Read more...
Early Evidence of Welfare Changes in the Kyrgyz Republic: Have Things Got Worse with Reforms?
Ceema Zahra Namazie
The early 1990s saw the rapid introduction of policies that were to reform the centrally planned economies in CEE and FSU. These policies were expected to lead to improvements in welfare. Studies on the transition projec...Read more...
Tasting Freedom: Happiness, religion and economic transition
Economic transition lowered happiness on average, but did not affect all equally. This paper uses Hungarian survey data to study the impact of religion and economic transition on happiness. Religious involvement contribu...Read more...
Informal Employment in Countries in Transition: A conceptual framework
In the past few years the informal sector in countries in transition has increasingly become the focus of research, public policy and the media. The term ¿informal sector¿ has been used to describe an extremely wide spec...Read more...
A Profile of Poverty in Tajikistan
This paper examines the profile of poverty in Tajikistan, the most remote and poorest of the independent states of the Former Soviet Union. Data is used from the first nationally representative household survey conducted...Read more...
Development Economics Paper
Fertility, Education and Development: Further Evidence from India
Jean Drèze and Mamta Murthi
There has been a significant decline in fertility in many parts of India since the early 1980s. This paper reexamines the determinants of fertility levels and fertility decline, using panel data on Indian districts for 1...Read more...
Welfare in Transition: Trends in Poverty and Well-being in Central Asia
This paper examines the impact of the transition on living standards and welfare in the five Republics of former Soviet Central Asia: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, along with the Republ...Read more...
Happiness in Transition: The Case of Kyrgyzstan
Ceema Zahra Namazie and Peter Sanfey
We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household survey data. We test whether higher levels of satisfaction are associated with greater economic well-b...Read more...
Income Dynamics in Germany, the USA and the UK: Evidence from Panel Data
This paper is about the distributional dynamics of net household income in Germany, the US and the UK. We reject the common wisdom that Germany is a country in statsis: stable cross-sectional distributions are deceptive,...Read more...
On the Non-Stationarity of German Income Mobility (and some observations on poverty dynamics)
The intra-distributional mobility of German income dynamics is analysed using GSOEP. Transition probabilities are found to be time-varying. The tested models comprise various mixed Markov chains in discrete time and a no...Read more...
Income Mobility in Germany: Evidence from Panel Data
Using the GSOEP the paper analyses income mobility and inequality dynamics in Germany in the 90s at various levels of aggregation, ranging from a direct modelling of intra-distributional mobility using bivariate kernel d...Read more...
Poverty Dynamics in Spain: A study of transitions in the 1990s
Even if individuals care about their current economic status, they are mainly concerned about the time they remain in it (its duration). The expected duration of an economic status affects how individuals perceive it and...Read more...