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Cross-Sectional Dispersion of Risk in Trading Time

Andersen, Torben - 2019

, while the time span of the data remains fixed, and the cross-sectional dimension is fixed or increasing. We derive a Central … Limit Theorem (CLT) for the cross-sectional beta dispersion at a point in time, enabling us to test whether this quantity … beta dispersion, as a function of time-of-day, changes across days. We extend this further by developing inference …

Persistent link: https://www.econbiz.de/10012480274

Education and the Age Profile of Literacy into Adulthood

Cascio, Elizabeth - 2008

effects are likely small in comparison to the differences by age revealed in the IALS. We go on to discuss how particular …

Persistent link: https://www.econbiz.de/10012464574

What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States

Chauvin, Juan Pablo - 2016

Are the well-known facts about urbanization in the United States also true for the developing world? We compare American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem to hold as well in Brazil as in the U.S., but China and...

Persistent link: https://www.econbiz.de/10012456671

Latin America's Decline : A Long Historical View

Edwards, Sebastian - 2009

In this paper I analyze Latin America's very long term economic performance (since the early 18th century), and I compare it with that of the United States, Australia, New Zealand and the countries of Western Europe. I begin with an analysis of long term data and an attempt at determining when...

Persistent link: https://www.econbiz.de/10012463478

International evidence on well-being

Blanchflower, David G. - 2008

National Time Accounting is a way of measuring society's well-being, based on time use. Its explicit form is the U …-index, for "unpleasant" or "undesirable", which measures the proportion of time an individual spends in an unpleasant state. In …; is U-shaped in age and un-trended over time in the USA although they are trended up in a number of EU countries and …

Persistent link: https://www.econbiz.de/10012464330

Is American Health Care Uniquely Inefficient?

Garber, Alan M. - 2008

The U.S. health system has been described as the most competitive, heterogeneous, inefficient, fragmented, and advanced system of care in the world. In this paper, we consider two questions: First, is the U.S. health care system productively efficient relative to other wealthy countries, in the...

Persistent link: https://www.econbiz.de/10012464374

What Determines Immigration's Impact? Comparing Two Global Centuries

Hatton, Timothy J. - 2006

Can history shed light on the modern debate about immigration's labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of...

Persistent link: https://www.econbiz.de/10012466251

When Does Trade Hurt? Market, Transition and Developing Economies

Krishna, Kala - 2002

This paper argues that labor market distortions in transition and developing economies help explain differential impacts of trade liberalization. We assume that workers differ in ability. In a market economy their earnings depend on their ability. However, earnings are independent of ability due...

Persistent link: https://www.econbiz.de/10012469719

Bond Market Inflation Expectations in Industrial Countries : Historical Comparisons

Bordo, Michael D. - 2001

We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation expectations would be reflected in longer-term interest...

Persistent link: https://www.econbiz.de/10012470134

Population Growth, Technological Adoption and Economic Outcomes : A Theory of Cross-Country Differences for the Information Era

Beaudry, Paul - 2001

The object of this paper is to show how population growth, through its interaction with recent technological and organizational developments, can account for many of the cross-country differences in economic outcome observed among industrialized countries over the last 20 years. In particular,...

Persistent link: https://www.econbiz.de/10012470577