This study includes the likelihood of finding a job and retaining employment as well as eligibility for unemployment benefits to estimate the return on investment (ROI) for both job training and intensive services programs. The augmented ROI for job training programs and intensive job services...

This paper uses three panel unit-root tests and finds that real per capita GDP for OECD countries and a European subsample converge stochastically for the period 1948-87 but not for the entire sample of 1900-87. For the postwar period, the differential in income gaps or speed of adjustment is...

This paper offers new results for the demand for liquid assets. The paper embloys standard demand theory and, using duality and a full set of cross-equation restrictions, provides empirical results on U.S. data up to 1979 employing Gallant's Fourier flexible form. The properties of the globally...