This paper addresses two major limitations of cross-national research on electoral support for extreme right parties (ERPs) in Western Europe: its almost exclusive focus on national-level data and its failure to examine the role of the social welfare state and social capital. We employ Tobit I...

The legislation on employment equity is designed to protect the rights of all persons to equitable treatment in employment, but particularly those who belong to groups designated as disadvantaged. This paper tests the hypothesis that immigrants could be defined as such disadvantaged group. It...

Switzerland has experienced a substantial influx of immigrants over the last 50 years after World War II, which has led Switzerland to have among the highest share of foreigners in population among all OECD countries. This paper analyses the migration experience of Switzerland. The analysis...

This paper explores the income distribution position of immigrants and nonimmigrants using three different approaches. The results indicate that there is virtually no difference between the distributional profiles of immigrant and nonimmigrant families in Australia. However, when a similar...

Evidence on the portfolio holdings and transaction patterns of households suggests that the burden of inflation is not evenly distributed. We build a monetary growth model consistent with key features of cross- sectional household data and use this framework to study the distributional impact of...

Realized volatility is a nonparametric ex-post estimate of the return variation. The most obvious realized volatility measure is the sum of finely-sampled squared return realizations over a fixed time interval. In a frictionless market, the estimate achieves consistency for the underlying...

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a joint stochastic process for the energy price and TFP and establish that until the second quarter of 1982, energy prices negatively affected productivity. This spillover has...

This paper introduces a method for solving numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided.