We forecast recession probabilities for the United States, Germany and Japan. The predictions are based on the widely-used probit approach, but the dynamics of regressors are endogenized using a VAR. The combined model is called a ‘ProbVAR’. At any point in time, the ProbVAR allows to...

The paper provides an overview of the financial history of the chemical industry since its inception in the latter half of the nineteenth century in four major countries: Britain, Germany, Japan, and the United States. The chemical industry is particularly intriguing from the point of view of...

The relation between personal taxes and firm value has fundamental implications for understanding why firms pay dividends and how taxes influence capital structure choices. Assessing personal tax valuation effects also influences tax policy debates regarding the integration of corporate and...

Looks at the pre- and post-tax wage distribution of prime age males in six countries, focusing on Australia. Analysis includes an examination of the impact of income taxes and employer and employee contributions on the wage distribution.

Addresses three hypotheses which may help to explain the differences in the observed labour-force participation rates of women and which can be examined using micro-data from LIS. These include: the importance of income needs, the role of marriage patterns, and the effects of children....

This paper attempts to bridge the gap between previous cross-national work estimating rates of return to education and the current trend toward examining rates over time. Changes in the returns to education in the 1980s over five countries were driven by different forces across the countries.

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...

This paper focuses on the changes in the standard of living, connected with aging and retirement, and the impact of different models of pension provision. The research is based on LIS microdata from Germany, Russia, and the U.S.

This paper investigates the relationship between educational attainment and earnings inequality in eight nations using the Luxembourg Income Study (LIS) database. Although the results should be considered exploratory rather than definitive until verified and qualified by more detailed...

This paper was originally presented a the Fourth International Research Seminar of the Foundation for International Studies on Social Security (FISS) in June 1997 in Sigtuna, Sweden. In the United States, several public policy initiatives have been undertaken to encourage more work and later...