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This working paper surveys theoretical and empirical work about market liquidity and market liquidity risk. It addresses interested practitioners as well as students who want to gain a quick overview about the latest progress in research in market liquidity.
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uncertainty, which is indeed immense but generally neglected in the empirical cross-country growth literature. The most …. Together with the small sample property, this leads to an important problem called model uncertainty: Which factors are more … highlights the implications of model uncertainty for policy evaluation. …
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This chapter reviews the economics literature on immigrant-native differentials in occupational risk. It begins by briefly explaining the theory of compensating wage differentials. It then provides a more detailed discussion of the empirical evidence on the subject, which reaches several...
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