Efficiency measurement naturally requires the definition of a frontier as a benchmark indicating efficiency. Usually a measure reflecting the distance of a data point to the frontier indicates the level of efficiency. One of the crucial characteristics to distinguish efficiency measurement tools...

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region-industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...

This paper provides a comprehensive analysis of employment and child care payment decisions of single mothers in the early post-welfare reform environment, using data from the National Survey of America's Families (NSAF). I develop and estimate a model that examines the effects of the price of...

This study evaluates the effects of further training on the individual unemployment duration of different groups of persons representing individual characteristics and some aspects of the economic environment. The Micro Census Saxony enables us to include additional information about a person's...

This paper presents an analysis of changes in the distribution of gross household income and income inequality over the period 1983–1998. The analysis applies a semiparametric approach to study the effects of changes in the distribution of household types, and changes in National...

Se emplea un amplio conjunto de datos que permite evaluar de diferentes formas la hipótesis de la felicidad, empleando cuatro enfoques metodológicos. Se constata que las personas de mayor edad en Uruguay tienen una tendencia a reconocerse felices cuando están casadas, cuando tienen un buen...

En este artículo se estudia la dinámica de los retornos de la educación en Colombia entre 1985 y 2000. La metodología econométrica incluye una ecuación de salarios con splines lineales y regresiones por percentiles (RP). Se muestra que los retornos varían a través de diferentes niveles...

The paper compares Italian and American households� wealth in 1998. The analysis is based on the Survey on Household Income and Wealth (Bank of Italy) and on the Survey of Consumer Finances (Federal Reserve Board). Tangible assets appear to be the main wealth component in both countries. In...

The revised Basel Capital Accord requires banks to meet a capital requirement for operational risk as part of an overall risk-based capital framework. Three distinct options for calculating operational risk charges are proposed (Basic Approach, Standardised Approach, Advanced Measurement...

Economies of scope are present when producing jointly a diversified basket of goods and services is less costly than their separate production. Data Envelopment Analysis (DEA) can estimate economies of scope by the difference between input requirement sets of diversified and specialized firms...