This paper investigates the existence, extent, and sources of the gender wage differential in the Philippines, using data from the Labor Force Survey of the third quarter of 1988. Coefficient estimates of separate wage regressions for male and female workers (using Heckman's two-step procedure...

This paper investigates the demand for adult health care in the Phiippines using a theoretical model that implies a natural interrelation between price and income. The demand function takes on a conditional/mixed logit (CLGT) form. The CLGT model is estimated using country-wide data from the...

Recently currency instability and its economic and social consequences prompt the question whether and to what extent a common currency could have served to prevent or meliorate the Asian crisis. This paper examines the advantages and costs of such a proposal, using the experience and...

In this paper, we present data on trends over time in government debt financing in Japan since 2010 with emphasis on the importance of foreign holders and speculate about the determinants of those trends. We find that Japanese government securities were held primarily by domestic holders until...

Non-equilibrium is shown for a steady state in Grandmont and Younes (1973) and a steady state in McCallum (1984). The reason for non-equilibrium, which is the same in both cases, can be stated as a general proposition.

The paper looks at the remittance behavior of these two groups of migrants, the OFWs and the permanent emigrants. It applies received theory on remittance behavior on cross-section data from the 2004 special survey on remittances sponsored by the Asian Development Bank.

Recent economic growth has not been accompanied by social stability; thus equity-oriented research is of high social priority. A more just distribution of material well-being is not only a valid objective in itself but also a means of attaining more economic growth. The alleged trade-off between...