This paper analyzes the estimation of time-invariant variables in panel data models with unit-effects. We compare three procedures that have frequently been employed in comparative politics, namely pooled-OLS, random effects and the Hausman-Taylor model, to a vector decomposition procedure that...

Argument: The paper argues that the introduction of the Euro has considerably reduced de facto monetary policy autonomy in non-ECU members. We start from a simple Mundellian model, in which currency unions raise economic efficiency but reduce monetary policy autonomy. Our main argument holds...

Health policies seek to achieve conflicting objectives. We argue that the objective of saving lives is best served by a careful balancing of fairness and efficiency considerations. Open, fair and equitable access to health care for all citizens will lower overall mortality rates by enabling the...

This paper analyzes the impact of the number of parties on turnover rates within an endogenous partisan preference framework. Our results show that the turnover increases in the number of parties under various levels of individual propensity to abstain. We find strong interactions effects...

Objectives. We examined the effects of market income inequality (income inequality before taxes and transfers) and income redistribution via taxes and transfers on inequality in longevity. Methods. We used life tables to compute Gini coefficients of longevity inequality for all individuals and...