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As an example of the value of fatness in predicting social science outcomes, we show that while BMI is positively correlated with the probability of employment disability in the PSID, when body mass is divided into its components, fatness is positively correlated with disability while fat-free...
Persistent link: https://www.econbiz.de/10012466377
In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new data base of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...
Persistent link: https://www.econbiz.de/10012463799
Audit studies testing for discrimination have been criticized because applicants from different groups may not appear identical to employers. Correspondence studies address this criticism by using fictitious paper applicants whose qualifications can be made identical across groups. However,...
Persistent link: https://www.econbiz.de/10012462209
Although both economists and psychometricians typically treat them as interval scales, test scores are reported using ordinal scales. Using the Early Childhood Longitudinal Study and the Children of the National Longitudinal Survey, we examine the effect of order-preserving scale transformations...
Persistent link: https://www.econbiz.de/10012460699
prevalence of discrimination, most notably audit and correspondence studies; it also describes several other measurement tools …
Persistent link: https://www.econbiz.de/10012456659
We show how to recover the money-metric utility function, which converts income at one point in time into equivalent income at another point in time, using repeated cross-sectional household data. Our procedure allows unrestricted preferences, but requires that households' preferences be the...
Persistent link: https://www.econbiz.de/10013435111
explaining short-run fluctuations in GNP. Theory and the empirical evidence suggest that the existence of intellectual property …
Persistent link: https://www.econbiz.de/10012473051
In October 1993, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert William Fogel and Douglass Cecil North `for having renewed research in economic history.' The Academy noted that `they were pioneers in the branch of economic history that has been called the...
Persistent link: https://www.econbiz.de/10012473961
A number of recent papers have examined the role of environmental variables in accounting for economic growth, and have concluded that net measures of national product are superior to gross measures in portraying the outcome of the growth process. This paper argues that the two measures are not...
Persistent link: https://www.econbiz.de/10012475012
Does an observation constitute stronger evidence for a theory if it was made after rather than before the theory was … formulated, when it may have influenced the theory's construction? Philosophers have discussed this question (of "novel … and then constructs a theory) versus structural models with formal econometric tests (where a model is constructed before …
Persistent link: https://www.econbiz.de/10012475887