In this paper, I assess the impact of the mismatch between college major and job on college graduates' early career earnings using a sample from China. I find that on average a major--job mismatched college graduate suffers from a small income loss. I argue that Chinese universities' emphasis on...

This paper investigates the impact of financial wealth and earned income on the retirement decision using data from the English Longitudinal Survey of Ageing. The estimation results from a random effect dynamic probit model show that housing wealth has virtually no impact on the decision to...

This paper considers the estimation of the error variance after a pre-test of an interval restriction on the coefficients. We derive the exact finite sample risks of the interval restricted and pre-test estimators of the error variance, and examine the risk properties of the estimators to model...

This paper analyzes the individual-level differences in returns to education in urban China from 1995 to 2002. We have uncovered substantial heterogeneity in schooling coefficients, and we find that the extent of heterogeneity diminishes over time.

In this paper we estimate the interdependence of labour force participation decisions made by Australian couples from 2001 to 2011. We focus on couples with a mature age husband, and estimate the interdependence of the participation decision of the couple. We find that the decision of a wife to...

Using population census data, this paper examines the causal effect of childbearing on married women's labor force participation in urban China. To ameliorate the endogeneity of fertility, we exploit twin births as the instrument for the number of children. While the ordinary least squares...

In view of the high cost and sparse spatial resolution of offshore meteorological observations, ocean winds retrieved from satellites are valuable in offshore wind resource assessment as a supplement to<i> in situ</i> measurements. This study examines satellite synthetic aperture radar (SAR) images...

This paper assesses the impact of the mismatch between a college major and job on college graduates' early career earnings using a sample from China. On average, a major-job mismatched college graduate is found to suffer from an income loss that is much lower than the penalty documented in...

This paper examines wage differentials between public sector and private sector workers in Australia. After controlling for observed characteristics and individual fixed effects, we show that on average workers in the public sector earn about 5.1% percent more hourly wages than those in the...

This paper estimates the effect of physical violence and property crimes on subjective well-being in Australia. Our methodology improves on previous contributions by (i) controlling for the endogeneity of victimisation and (ii) analysing the heterogeneous effect of victimisation along the whole...