This paper proposes a new approach to the measurement of equality of opportunity in health, based on the path independent Atkinson index of equality. The proposed decomposition is applied both to the ex-ante and the ex-post methodologies recently adopted by the literature. The approach is...

This paper develops Â…nite mixture models with Â…xed effects for two families of distributions for which the incidental parameter problem has a solution. Analytical results are provided for mixtures of Normals and mixtures of Poisson. We provide algorithms based on the...

The public health literature focusing on the detrimental effects of social isolation has shown that the quantity of social connections is positively correlated with individual health. Drawing on pooled cross-sectional data, we test this hypothesis on a representative sample of the Italian...

Jewish emancipation in nineteenth century Europe produced drastically different responses. In Germany, a liberal variant known as Reform developed, while ultra-Orthodox Judaism emerged in eastern Europe. We develop a model of religious organization which explains this polarization. In developed...

This paper surveys the recent empirical literature on emerging stock markets of the last quarter of the 20th century and elaborates on its theoretical insights and empirical methods to design a research agenda on the “emergence†of equity markets in European peripheries before 1913. We...

Based on a freshly built data set and relying on a Bayesian Dynamic Factor Model, this paper constructs business cycle indices for five South-East European (SEE) countries (Austria(-Hungary), Bulgaria, Greece, Romania, Serbia/Yugoslavia) to address two questions: to what extent has there been a...

This note analyzes the problem Captain MacWhirr faces in Joseph Conrad’s novel Typhoon as an implementation problem under incomplete information. We identify a sufficient condition under which each player has a unique rationalizable strategy. In this unique rationalizable outcome, truthful...

This paper outlines a real options approach to valuing those announcements which are made by firms outside their legal requirements. From the firm's perspective, information is disclosed only if the manager of the firm is sufficiently certain that the market response to the announcement will...

This paper investigates the determinants of job satisfaction in Italy with particular emphasis on social relations. Our econometric analysis is based on four waves (1993, 1995, 1998 and 2000) of the Multipurpose Household Survey conducted annually by the Italian Central Statistics Office. The...

We study racial/ethnic disparities in awareness of chronic diseases using biomarker data from the 2006 HRS. We explore two alternative definitions of awareness, and estimate a 3-step sequential model which accounts for selection along measured and unmeasured factors into: (1) participating in...