The asymptotic theory for the memory parameter estimator constructed from the log-regression with wavelets is incomplete for 1/f processes that are not necessarily Gaussian or linear. Such a theory is necessary due to the importance of non-Gaussian and non-linear long memory models in describing...

This paper investigates the effects of China's New Cooperative Medical Scheme (NCMS) on health outcomes and health care expenditure of the elderly in rural China, using panel data from the 2005 and 2008 waves of the Chinese Longitudinal Healthy Longevity Survey. We employ a strategy that...

This paper examines the effect of startups' ESG characteristics on investors' decisions by employing an incentivized resume rating experiment with real US venture capitalists and matching investors with data on their involved deals. Investors need to evaluate multiple hypothetical startup...

Volunteer labor is generally modeled as an individualistic pursuit, akin to leisure or to human capital accumulation. Some activities labeled as volunteering, however, may be more usefully thought of as quid pro quo time commitments that are part of securing services for family members. Parents...

It is widely believed that happiness is strongly correlated with wealth and income, but according to the happiness–income paradox, this is not always true. The paradox predicates that there is a strong positive correlation between income and happiness nationally, but the correlation is...

While recent literature suggests that employers learn about the productivity of new workers over time, there is little consensus on how information about workers' productive ability is accumulated by current and outside employers in the labor market. This paper studies the role played by...