In this study standard Mincer earnings equations are estimated using both ordinary least squares (OLS) and quantile regression in order to give a comprehensive picture of the returns to education in Germany and Hungary for the year 2000. To make the cross-country comparison of the returns to...

In this study we examine the association between subjective well-being and material welfare using the data of 3600 individuals from the TÁRKI Household Monitor for the year 2007. Most of the empirical papers on the effect of income on subjective well-being use either OLS regression or ordered...

In this study we examine the association between subjective well-being and material welfare using the data of 3600 individuals from the TÁRKI Household Monitor for the year 2007. Most of the empirical papers on the effect of income on subjective well-being use either OLS regression or ordered...

This paper evaluates the forecasting performance of a continuous stochastic volatility model with two factors of volatility (SV2F) and compares it to those of GARCH and ARFIMA models. The empirical results show that the volatility forecasting ability of the SV2F model is better than that of the...

The paper provides a review of basic elements of asymptotic theory. Topics include modes of convergence, laws of large numbers and central limit theorems.

Az elmúlt évtizedben jelentõsen nõtt a komplex mutatók, indexek népszerûsége, amelyek alkalmasak arra, hogy az összetett kategóriákat, fogalmakat egy számba sûrítve jelenítsék meg. Ez a tanulmány egy olyan új, az indexkészítés területén eddig nem alkalmazott módszert...

This paper carries out an explanatory investigation into the relationship between socio-institutional conditions, quality of life indicators and economic growth in the Italian regions. Previous studies stress the importance of institutional quality, social capital and social conditions in...

One of the basic premises of societies and economies is the capability of humans to understand and judge the aims and motivations of others. We are continuously observing the facial expressions of our fellows. We keep watching and try to understand the undercurrents of important events for us....

One of the basic premises of societies and economies is the capability of humans to understand and judge the aims and motivations of others. We are continuously observing the facial expressions of our fellows. We keep watching and try to understand the undercurrents of important events for us....