This paper exploits the Mexican Encuesta Nacional de Empleo Urbano (ENEU) to determine the existence of the wage curve|an empirical phenomena rst suggested by Blanch ower and Oswald (1990)|during the period 2000{2003. We propose an innovative approach to the wage curve by estimating the...

Quantile kernel regression is a flexible way to estimate the percentile of a scholar’s quality stratified by a measurable characteristic, without imposing inappropriate assumption about functional form or population distribution. Quantile kernel regression is here applied to identifying the...

We employ Monte Carlo analysis to determine the distribution of returns for various electricity generation technologies. Costs and revenues for each technology are arrived by means of a sophisticated unit commitment and economic dispatch algorithm. The results show that small amounts of coal...

The concept of total factor productivity (TFP) and its measurement have been of interest to researchers for more than half a century, and are intensively discussed topics in debate on economic growth1. This chapter discusses the different problems related to methodologies for estimating TFP at...

The relation between aid and tax has been largely debated in the literature, given its far-reaching consequences: the presence of a crowding-out effect of aid on domestic revenue would seriously impair the sustainability of the development process. This paper explores this relation by adopting a...

This work presents a robust empirical approach to dealing with the issue of the long run relationship between macroeconomic volatility, consumption behaviour and welfare for a large sample of countries. Differing from previous works, our empirical strategy is grounded on consumption and takes...

Following on from the existing poverty assessments of trade liberalisation in Vietnam under "doi moi", the aim of this paper is to provide a parallel assessment of vulnerability from trade. Taking advantage of the existence of extensive household data from two different sets of Vietnamese...

A survey of the economic impact of climate change and the marginal damage costs shows that carbon dioxide emissions are a negative externality. The estimated Pigou tax and its growth rate are too low to justify the climate policy targets set by political leaders. A lower discount rate or greater...

A Bentham-Rawls welfare function is the weighted sum of the net present welfare (Bentham) and the welfare of the worst-off generation (Rawls). If utility is non-decreasing over time, optimal climate policy is more stringent in the near-term under Bentham preferences than under Bentham-Rawls...