Perhaps it does. We propose a model in which workers with little education or in the tails of the age distribution the inexperienced and the old have more chance of job failure (mismatch). Recruits' average education should then increase and the standard deviation of starting age decrease when...

An important finding in the rapidly growing literature on self-employment is that the probability of self-employment is substantially higher among the children of business owners than among the children of non-business owners. Using data from the confidential and restrictedaccess Characteristics...

This paper examines the role of peer effects in smoking behavior using data of middle and high school students in the United States. I present a random utility model that explicitly incorporates complementarity between individual and peer smokings. A Markov process model of smoking interactions...

This paper tries to calculate quality of life (QOL) from subjective health evaluations in Japan following Cutler and Richardson (1997) and Groot (2000). It then extends the model in several ways. Firstly, while previous studies define the domain of QOL in an ad hoc manner, i.e. excluding...