We analyze the intergenerational income mobility of Canadians born to immigrants using the 2001 Census. A detailed portrait of the Canadian population is offered as are estimates of the degree of generational mobility among the children of immigrants from 70 countries. The degree of persistence...

We examine the link between equity risk premiums and demographic changes using a very long sample over the whole twentieth century for the US, Japan, UK, Germany and France, and a shorter sample covering the last third of the twentieth century for fifteen countries. We find that demographic...

This research identifies the suburban typology of San Diego through a study of the social and fiscal disparities within the region. Municipal tax base and other demographic data, such as poverty rates measured at the school-level, are used to show wide variations in the capacities of suburban...

This research identifies the suburban typology of Erie through a study of the social and fiscal disparities within the region. Municipal tax base and other demographic data, such as poverty rates measured at the school-level, are used to show wide variations in the capacities of suburban...

This research identifies the suburban typology of Wisconsin through a study of the social and fiscal disparities within the state. Municipal tax base and other demographic data, such as poverty rates measured at the school-level, are used to show wide variations in the capacities of suburban...

The standard life-cycle model of consumption behavior predicts that a household's age will influence its saving behavior. Moreover, simple national accounting identities reveal that a country's current account balance reflects its savings-investment imbalance. Thus, differences in national...

This paper provides a closed-form density approximation when the underlying state variable is a one-dimensional diffusion. Building on Ait-Sahalia (2002), we show that our refinement is applicable under a wide class of drift and diffusion functions. In addition, it facilitates the maximum...

Interest in measuring the impact of neighborhood homeownership rates on the residents of a neighborhood and on surrounding neighborhoods is increasing. This topic is part of the growing literature in the social sciences that discusses the theory and measurement of how neighborhoods affect...

In this paper, we use data of life insurance holdings by age, sex, and marital status to infer how individuals value consumption in different demographic stages. Essentially, we use revealed preference to estimate equivalence scales and altruism simultaneously in the context of a fully specified...

Though scholars have found that modern justices are frequently motivated to step down by political circumstances, we believe that their long-departed predecessors rarely had such a luxury. Specifically, we suggest that the focus on political factors often present in this literature is...