This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to predict recent developments in France's external performance.

We use recent matched employer-employee data to directly investigate if white workers have a taste for racial discrimination in Britain. Based on a new structural model with individual and firm heterogeneity, we develop and test two predictions. Firstly, white employees with a taste for...

This paper examines the effect of inequality upon economic growth. Much of the existing empirical literature has found a negative effect of inequality upon long run growth. In contrast, our theoretical model, in which heterogeneous individuals jointly determine the levels of investment in human...

A major problem encountered in studies of income inequality at regional and global levels is the estimation of income distributions from data that are in a summary form. In this paper we estimate national and regional income distributions within a general framework that relaxes the assumption of...

This paper examines the Regional Clean Air Incentives MArket (RECLAIM) which was launched in Los Angeles in January 1994. RECLAIM is an emissions trading program which is expected to decrease hazardous pollutants from stationary sources in the South Coast Basin. I analyze the transactions data...

This paper considers the most appropriate technique to be used to decompose moments over time of a weighted average into rate and weight (age) components and also proposes various graphical methods by which we can best present the results of decomposition procedures. The material is illustrated...

This paper examines cultural differences in attitudes towards corruption by analysing individual-decision making in a corrupt experimental environment. Attitudes towards corruption play a critical role in the persistence of corruption. Our experiments differentiate between the incentives to...

A decade has elapsed since the Taiwanese government first allowed the entry of foreign workers in 1989. A range of problems related to foreign workers have emerged and have become current issues in Taiwan. However, there is a lack of in-depth research into these issues as they relate to Taiwan....

University funding policies should be in principle determined by the aims of university education. The practical difficulty is that universities provide a range of benefits, many of which are difficult to quantify, to both individuals and society, and the aims vary over time. There is a general...

Between 1870 and the 1950s British exports to the Empire and Commonwealth steadily grew in terms of volume and as a proportion of all exports. To many this reflected the non-market advantages Britain enjoyed there, advantages allegedly rooted in imperial rule and the inherent Britishness of...