The impact of crop loss on savings, expenditure and labour supply behaviour of Indonesian households is studied using data from the 1993 Indonesian Family Life Survey. The data are unique in that they contain self-reported informaiton on crop loss and on household responses to crop loss. 65,1...

A decade has elapsed since the Taiwanese government first allowed the entry of foreign workers in 1989. A range of problems related to foreign workers have emerged and have become current issues in Taiwan. However, there is a lack of in-depth research into these issues as they relate to Taiwan....

This paper constructs a dynamic theoretical model and calibrates the model with the Australian data. The simulations provide new findings which demonstrate that skilled immigrants are not ‘job robbers’ but unskilled immigrants have the potential to become such. The result that immigrants are...

The impact of migrants on the host country's wages has been an important issue for policy makers and has attracted much research attention. Since no consistent conclusion has been reached regarding this impact, the debate over immigration policy continues in many countries. This paper constructs...

This paper investigates a significant current issue in Australia, the impact of immigration on the wage differential between skilled and unskilled labour, using simulation analysis from a dynamic intertemporal general equilibrium model. The results show that immigration cannot explain variations...

This paper investigates the current important issue in Taiwan that the impact of foreign workers on the rising unemployment by a dynamic intertemporal general equilibrium model. The results show that the introduction of foreign workers plays a complementary role and reduces unemployment rate at...

We extend Diamond’s (1965) OLG model to allow agents to choose whether to participate in the second period of life. The valuation of early exit (x) is a key parameter. We characterize competitive equilibria, efficient allocations, and predictions for income and life expectancy over time. We...

The effect of technological change on wage differentials between skilled and unskilled labour has been extensively investigated. However, the existing literature provides controversial results. This paper provides insights into the relationship between technological change and wage differentials...

sta The Consumption Capital Asset Pricing Model (C-CAPM) is tested using data on equity prices in Jordan, Turkey, and Pakistan over the period 1986-93. The analysis is carried out in two steps. The parameters of agents' dynamic consumption and investment decisions are first estimated, and then...

Share equations for the translog and almost ideal demand systems are estimated using Markov Chain Monte Carlo. A common prior on the elasticities and budget shares evaluated at average prices and income is used for both models. It includes equality restrictions (homogeneity, adding up and...