In this paper we propose a class of nonparametric tests for anomaly effects in empirical asset pricing models in the framework of nonparametric panel data models with interactive fixed effects. Our approach has two prominent features: one is the adoption of nonparametric component to capture the...

The growth rate of temporary help service employment is often considered to be a leading business cycle indicator, because the firing and hiring of temporary help workers typically lead that of permanent workers. However, few works in the literature focus on the mechanism that generates the lag...

This paper uses PSID data to analyze the effect of marital stability on the elasticity of labor supply in a life cycle setting. I estimate the Frisch elasticity or the intertemporal elasticity of substitution of the labor supply focusing on the impact of marriage. I find clear evidence that the...