It is a well known fact that on average, women in all countries earn less than men. Although less pronounced among OECD countries, the fact remains that the gender gap in earnings still persists to a significant degree. Less well known is that the rate of return (ROR) to university education is...

We examine a number of personnel practices, laws and regulations that lower the supply of labor in the Japanese economy. Broadly speaking, there are two kinds of impediments, those that restrict the movement of labor between firms, and those that discourage women from participating to a greater...

The incidence and duration of work-absence spells for a sample of Swedish blue-collar workers in 1990 and 1991 are analyzed using the Kaplan-Meier non-parametric estimator, discrete-time hazard regression as well as stratified Cox regression. We focus on the effect of economic incentives, i.e.,...

A bank that lends money to a household faces two types of risk. Most commonly mentioned is the risk of a default. Hardly ever referred to is the risk of an early redemption of the loan - leading to dormancy. We model consumer loans' transition from an active to a dormant state and estimate a...

Modelling multivariate failure times in a competing risks setting is often performed by assuming independence between risks. However, by wrongly assuming independence, seriously biased parameter estimates may result. The aim of this paper is to evaluate a test for independence previously...

The incidence and duration of work absence spells for a sample of Swedish blue collar workers in 1991 are analyzed using the Kaplan-Meier estimator, discrete time hazard regression as well as stratified Cox regression. The main interest is directed towards the effect of economic incentives. The...

This paper contains two novelties. First, a unified framework for testing and evaluating the adequacy of an estimated autoregressive conditional duration (ACD) model is presented. Second, two new classes of ACD models, the smooth transition ACD model and the time-varying ACD model, are...

We study the product turnover in an industry and, in particular, the survival of new products. The data set consists of monthly sales of all products sold in the Swedish beer market over the time period of 1989-1995. The death rates of newly introduced products are high - out of 199 products an...

We examine the role of government for growth in 64 industrialized and developing countries, considering both expenditure and financing aspects of government. Recognizing that there are differences between the two country groups leading to severe heteroskedasticity, we use weighted least squared...

This paper proposes an approach to specify and estimate multiple input, multiple output production frontiers and technical efficiency using a stochastic ray frontier production model A possible model extension is to incorporate a technical efficiency effects model to allow estimation of the...