In this paper we study the relationship between fertility and divorce. The potential endogeneity of fertility in divorce decisions is explicitly addressed by modelling fertility and divorce jointly. We apply the "timing-of-event" method (Abbring & van den Berg (2002)) to identify the causal...

We examine the effects of marginal changes in continuous variables on the joint, conditional and marginal probabilities involved in the bivariate probit model. The connection between effects in the univariate and bivariate probit models is also explored. We illustrate these effects using a...

Intra-household heterogeneity can quantitatively affect the predictions of life-cycle portfolio choice models. Empirically, double-income households, single-income households and singles have different exposures to background risks and differ in covariates affecting financial decisions, reacting...

In the present study, we examine the relationship between inflation and inflation uncertainty using monthly Consumer Price Index for Tunisian, Turkish and Egypt covering the period 1990:M1-2014:M12. We adopt a multivariate asymmetric dynamic conditional correlation EGARCH framework. The...

Today, one of the biggest challenges facing the UK is the new target set when the nation became first major economy to pass net zero emissions law, which requires the country to bring all greenhouse gas emissions to net zero by 2050. On the one hand, there are already a few ideas about how we...