In this paper, we document the intensive and extensive margin adjustments of labor market in Turkey and US. We find that both margins are important. More interestingly, the weight of intensive margin adjustment does not differ substantially between the two countries. Common wisdom and some...

This paper aims at assessing the causal and temporal relationships between crime and the economic indicators related to the aggregated demand function. The case study is Italy and a quarterly frequency is used (1981:1-2005:4). A Vector Autoregressive Correction Mechanism (VECM) is employed after...

The number of downloads of economics articles through the repository RePEc showed a sharp drop on the eve of the Great Recession in the economy. This unambiguously occurred with the Blue Ribbon journals, but can possibly be extended to other important journals. If we can perhaps talk of a great...

There is no consensus yet on the correct way to write the social utility function in the presence of paternalistic altruism. This note shows that the specification of the central planner objective is crucial for optimal capital accumulation and growth. When paternalistic altruism enters the...

An academic award is method by which peers offer recognition of intellectual efforts. In this paper we take a purely descriptive look at the relationship between becoming a Fellow of the Econometric Society and receiving the Nobel Prize in economics. We discover some interesting aspects: of all...

The current field study examines emotions, evoked by a fire disaster, and economic expectations of people who were exposed to a fire disaster in Israel. We find that negative emotions are correlated with expectations regarding the economic self-improvement, as well as expectations for national...

This paper models the midlife crisis as a decision on whether and when to realize a life dream, incorporating the key components of three psychology theories of midlife crises. It explains why a crisis (dream realization) tends to occur in the midlife if it occurs at all. Other results include...

This paper links incentives posed by Judeo-Christian beliefs to economic behavior. Tests support strength for the links even when likely bias favors the alternative one would otherwise expect. Model results explain why strength of faith is irrelevant to behavior in some belief archetypes but...

The European Journal of Comparative Economics, an online refereed journal for scientific articles publishing theoretical and empirical research in any field of comparative economic studies, is promiting the issue 2 2004 freely downloadable at the website http://eaces.liuc.it/ New submission for...

It is widely assumed that the productivity of academic specialists declines with academic age. This paper provides empirical evidence of this phenomenon among economists using a panel data set from the departments of nine major midwestern universities.