This paper uses program-level data to compare the relative representation of Blacks and Latinos in the construction industry apprenticeship programs organized with and without trade union participation. Econometric analysis shows that there are significant differences between the Black and...

Recent World Bank reports indicate that the world has seen a severe reduction in poverty, representing not just a cutback in the relative incidence of poverty but a significant decline in the total number of “poor” people. However in Latin America, the incidence of poverty has remained...

The policy reform termed dollarization, adoption of a foreign currency as the domestic currency, is widely believed to be irreversible. The paper presents counter examples, while noting that the Latin American "hard pegs" present problems that are more complex. It then uses Ecuador, the...

TI study a situation where two players disagree on the division of a good. In the first of two stages, the players can divide the good peacefully between them by signing a contract. If either or both players reject the contract, they must engage in a costly contest over the good. One of the...

This study examines the nature and extent of time poverty experienced by men and women in subsistence households in Mozambique. Gender roles, shaped by patriarchal norms, place heavy work obligations on women. Time-use data from a primary household survey in Mozambique is used for this analysis....

This paper argues that the current episode of global imbalances is caused by the rise of neoliberalism. The paper employs the neo-Gramscian approach to understand the emergence and expansion of neoliberalism. The global imbalances have been the economic consequences of the rise of neoliberalism...

Treasury stock and firm market value using a modified Tobin’s q are modeled by using a firm utility preference function and a quadratic constraint function. The choice of the quadratic form is based on an econometric analysis of the relationship of q to T, the amount of treasury stock held by...

The importance of fish size for price per kilo is studied using an inverse demand approach. Prices per kilo in different size categories of the same species differ significantly. This means that the average price for a species may change due to e.g., high-grading, growth overfishing or a...