SUMMARY While using financial incentives to increase fertility has become relatively common, the effects of such policies are difficult to assess. We propose an identification strategy that relies on the fact that the variation in wages induces variation in benefits and tax credits among...

The purpose of this paper is to use individual data to study how the minimum wage and the welfare system combine to affect employment in France. Using the 1997 Labour Force Survey, we decompose non-employment of married women into three components: voluntary, classical (due to the minimum wage)...

This paper is concerned with the estimation of a model in which a possibly serially correlated stochastic process, the "harvest" of an agricultural commodity, generates a competitive price in a market comprising both final consumers and risk-neutral speculators who can store the commodity at a...

We extend here our earlier work (Laroque-Salanie, 1989) and propose a dynamic simulated pseudo-maximum likelihood method to deal with a very general class of dynamic non-linear models, including models with lagged latent variables. We test this method on Monte Carlo-generated data for a...