Systematic differences in the timing of wage setting decisions among industrialized countries provide an ideal framework to study the importance of wage rigidity in the transmission of monetary policy. The Japanese Shunto presents the best-known case of bunching in wage setting decisions: From...

In many economic applications, the variate of interest is non-negative and its distribution is characterized by a mass-point at zero and a long right-tail. Many regression strategies have been proposed to deal with data of this type. Although there has been a long debate in the literature on the...

In this note we identify and illustrate some shortcomings of the poisson command in STATA. Specifically, we point out that the command fails to check for the existence of the estimates and show that it is very sensitive to numerical problems. While these are serious problems that may prevent...