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How Chicagoan are Gary Becker's economic models of marriage?

Grossbard, Shoshana Amyra - 2009

This paper describes Gary Becker's theoretical models of marriage. At the micro-level, these are all rational choice models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as taught by Marshall and Friedman and optimal sorting...

Persistent link: https://www.econbiz.de/10010274047

The Short and the Long of it : Stock-Flow Matching in the US Housing Market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics …

Persistent link: https://www.econbiz.de/10014243085

Exponent of cross-sectional dependence: Estimation and inference

Bailey, Natalia; Kapetanios, George; Pesaran, M. Hashem - 2012

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...

Persistent link: https://www.econbiz.de/10010280808

Estimated US manufacturing production capital and technology based on an estimated dynamic economic model

Chen, Baoline; Zadrozny, Peter A. - 2005

Production capital and technology, fundamental to understanding output and productivity growth, are unobserved except at disaggregated levels and must be estimated prior to being used in empirical analysis. We develop and apply a new estimation method, based on advances in economics, statistics,...

Persistent link: https://www.econbiz.de/10010261321

How much sunlight does it take to disinfect a boardroom?: a short history of executive compensation regulation

Dew-Becker, Ian - 2008

This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...

Persistent link: https://www.econbiz.de/10010264423

The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the Euro area

Altavilla, Carlo; Ciccarelli, Matteo - 2009

This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...

Persistent link: https://www.econbiz.de/10010264579

Is monetary policy in the Eurozone less effective than in the US?

De Grauwe, Paul; Storti, Cláudia Costa - 2005

There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB's monetary policies. In order to test this ?ECB-handicap? hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries....

Persistent link: https://www.econbiz.de/10010276746

Gender and racial biases: Evidence from child adoption

Baccara, Mariagiovanna; Collard-Wexler, Allan; Felli, … - 2010

This paper uses a new data set on domestic child adoption to document the preferences of potential adoptive parents over born and unborn babies relinquished for adoption by their birth mothers. We show that adoptive parents exhibit significant biases in favor of girls and against...

Persistent link: https://www.econbiz.de/10010266105

Spatial sorting: Why New York, Los Angeles and Detroit Attract the greatest minds as well as the unskilled

Eeckhout, Jan; Pinheiro, Roberto; Schmidheiny, Kurt - 2010

We propose a theory of skill mobility across cities. It predicts the well documented city size-wage premium: the wage distribution in large cities first-order stochastically dominates that in small cities. Yet, because this premium is reflected in higher house prices, this does not necessarily...

Persistent link: https://www.econbiz.de/10010274949

Do better schools lead to more growth?: cognitive skills, economic outcomes, and causation

Hanushek, Eric Alan; Woessmann, Ludger - 2009

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Persistent link: https://www.econbiz.de/10010274159