Economic theory predicts economic integration in the European Community (EC) will result in single markets for individual goods, services and factors of production. The specific characteristics of commercial real estate make it unlikely that a single market will result. However, even without a...

The Sullivan Principles represented an attempt in the 1970s and 1980s in the United States to apply private pressure, as an alternative to government sanctions, to put an end to apartheid in South Africa. In this paper we assess the impact of the Principles on the employment practices of a...

This paper evaluates a maternity leave policy designed to reduce gender inequality in the labor market. It examines the extent to which Malaysia's paid maternity leave policy provides working women with leave as a condition of their employment. Since all women are not the same, a policy may...

The authors find that single women exhibit relatively more risk aversion in financial decision making than single men. Using U.S. sample data, they examine household holdings of risky assets to determine whether there are gender differences in financial risk taking. As wealth increases, the...

This study decomposes the effects of chronological age, birth cohort, and calendar year on the age profile of household financial risk taking. Using two measures of risk taking, one based on observed portfolio allocations of wealth and another based on survey respondents' stated willingness to...

In this paper, we use the Blinder-Oaxaca method for nonlinear models to decompose observed differences in credit rationing of small businesses between white- and minority-owned firms in the USA. We utilize a representative dataset of small businesses from the Survey of Small Business Finances...