Using Statistics Canada’s 2001 Participation and Activity Limitation Survey (PALS) we examine the impact of disability on the annual earnings and labour force participation of Canadian men and women. Our estimates show large earnings penalties associated with disability ranging from 21 percent...

We investigate the extent to which direct tax subsidies that lower the user cost of undertaking R&D (the "push" effect) and the overall competitiveness of the production tax system (the "pull" effect) independently impact upon aggregate R&D intensity across countries. The "push" effect of direct...

The Markov-modulated (B; S)-securities market is a (B; S)-security market, consisting of riskless asset, bond B; and risky asset, stock S; in random media X; or (B; S)-security market driven by a Markov process xt 2 X: We study the pricing options for Markovmodulated fractional Brownian (B;...