cointegration model, of pairs of stock prices. We show the effect that using an encompassing prior under an orthogonal normalization …

time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …

are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …

residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …

expansion periods.Since a linear combination of such series does not have to be a constant meanprocess, standard cointegration … there exist a cointegration relation between US percapita disposable income and consumption, after correction for …

statistic of Robin and Smith [Econometric Theory (2000), 16, 151–175] usage of numerical optimization for the objective function … singular values in Ratsimalahelo [2002, Rank test based on matrix perturbation theory. Unpublished working paper, U ….F.R. Science Economique, University de Franche-Comté]. In the non-stationary cointegration case, the limiting distribution of the …

We present a theory of human capital, with its two most essential components, health capital and, what we term, skill … capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight …