Countries differ widely with respect to the level of labour income inequality among individuals of working age. Labour income inequality is shaped by differences in wage rates, hours worked and inactivity rates. Individual labour income inequality is the main driver of household market income...

English Abstract: This paper provides evidence of significant international co-movements of public debt in the form of the common global and regional factors. International events such as the global financial crisis and regional sovereign debt crises suggest the existence of global and regional...

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

In this paper we provide some evidence that repeat taking of competitive exams may reduce the impact of background disadvantages on educational outcomes. Using administrative data on the university entrance exam in Turkey we estimate cumulative learning between the first and the nth attempt...

We analyze the economic returns to different postsecondary degrees in Chile. We posit a schooling decision model with unobserved ability, observed test scores and labor market outcomes. We benefit from administrative records to carry out our empirical strategy. Our results show positive average...

Due to their well-known indeterminacies, factor models require identifying assumptions to guarantee unique parameter estimates. For Bayesian estimation, these identifying assumptions are usually implemented by imposing constraints on certain model parameters. This strategy, however, may result...

The aim of this study was to evaluate the effects of economical crises occurred in Turkey in 1994 and 2001 and encountered globally in 2008 on Turkish Manufacture Industry. For this aim, effects of the crises on the manufacture industry were revealed by Factor and Discrimination Analysis using...

Es objeto de discusión si la política de incentivos destinada al sector minero es o no conveniente. Los partidarios defienden que gracias a esta los municipios tienen mayores oportunidades para desarrollarse, mientras que los detractores argumentan que no tiene sentido orientar recursos hacia...

This article presents the results of an investigation conducted to export agribusiness in the state of Michoacán, where the competitive performance was measured using the AHP multicriteria approach (Analytic Hierarchy Process) to construct an index using the variables: quality, technological...

The use of large-dimensional factor models in forecasting has received much attention in the literature with the consensus being that improvements on forecasts can be achieved when comparing with standard models. However, recent contributions in the literature have demonstrated that care needs...