This paper introduces a new and simple decomposition method for a binary choice model that is equivalent to the Blinder-Oaxaca decomposition analysis for wage differentials. The decomposition method is first developed for a single probit model and later generalized to a simultaneous equations...

We examine recently compiled microdata from the OECD/INFE survey covering information on the financial literacy of adult individuals from twelve countries around the globe. We find large differences in financial literacy across countries and decompose them into those explainable by differences...

The purpose of this study is to explore the employment effects of changes in manufacturing output resulting from shifting trade patterns over the period 1995-2006. For 30 countries (21 OECD and 9 non-OECD countries) we estimate the changes in embodied labor content due to trade using...

This paper examines the relationship between currency internationalisation and economic structure. It argues that the hierarchical and asymmetric architecture of the international monetary system imposes a "survival constraint" upon non-centre countries that obliges them to generate net inflows...

This paper documents the development of a 2019 Social Accounting Matrix (SAM) for Kenya. A special feature of this SAM is its spatial disaggregation according to malaria epidemiological and agroecological zones. It is built using data from the Kenya National Bureau of Statistics (e.g., the...

This paper develops a 2012 Social Accounting Matrix (SAM) for Bhutan with a detailed representation of the agricultural sector. Given the availability of extensive household, labour force and agricultural survey data as well as a large dataset of audited company reports, a bottom-up approach is...

The economy of Punjab state in India offers an interesting case study. Punjab has been for decades - and remains - one of India's better-off states, and so it tends not be included in the primary focus of national programs meant to reduce poverty or spur economic development. But, Punjab's...

This paper presents a 3x3 general equilibrium model of an OLGeconomy with technological uncertainty, heterogeneous agents and quasi-homothetic preferences to analyze structural change between the real and the financial sector as well as within the financial sector. Besides the consumption and...

In this paper, I first show that Swedish job polarization is - contrary to common belief - a long-run phenomenon: the share of middle-wage jobs has declined relative to the highest- and lowest-paid jobs since at least the 1950s. Based on previous results for the US, I then demonstrate that the...