Using U.K. microeconomic data, we analyze the empirical determinants of voluntary annuity market demand. We find that annuity market participation increases with financial wealth, life expectancy and education and decreases with other pension income and a pos- sible bequest motive for surviving...

The aim of this paper is to isolate and measure the respective importance of political and economic aspects in two critical episodes of the French inter-war period: the stabilization process of the mid-1920s and the reluctance to abandon the gold standard during the 1930s. We do this by...

Using data that permit a distinction between flows of workers, directly measured, and job creation and destruction, again, directly measured, we develop employment and job flow statistics for a representative sample of French establishments for 1987 to 1990. Annual job creation can be...