This paper analyzes the indentured servitude labor market of colonial America. It is argued that this system developed endogenous market responses to such things as limitations of the legal system and changes in contemporary labor market conditions. In particular, this paper shows the role that...

We address the issue of constructing prediction intervals for responses that assume values in the standard unit interval, <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$(0,1)$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mrow> <mo stretchy="false">(</mo> <mn>0</mn> <mo>,</mo> <mn>1</mn> <mo stretchy="false">)</mo> </mrow> </math> </EquationSource> </InlineEquation>. The response is modeled using the class of beta regression models and we introduce percentile and <InlineEquation ID="IEq2"> <EquationSource Format="TEX">$$\hbox {BC}_a$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mtext>BC</mtext> <mi>a</mi> </msub> </math> </EquationSource> </InlineEquation> (bias-corrected...</equationsource></equationsource></inlineequation></equationsource></equationsource></inlineequation>

It has been argued by several authors that the inflationary dynamics in Brazil follow a unit root process, thus displaying some inertia. Indeed, Cati, et al. (Journal of Applied Econometrics, 1999) have found that the inflationary dynamics in Brazil are nearly fully inertial. We estimate the...