We quantify the ‘permanent’ socio-economic impacts of the Great Hanshin-Awaji (Kobe) earthquake in 1995 by employing a large-scale panel data set of 1,719 wards from Japan over three decades. In order to overcome a fundamental difficulty of identifying the counterfactual, i.e., the Kobe...

We tabulate and measure the burden of disasters on the Pacific Island Countries (PICs) by aggregating and comparing the data found in the two global datasets on disaster impacts. We show that the most commonly used dataset greatly underestimates the burden of disasters for the Pacific islands....

Capital structure of a firm is a crucial determinant of its financial health and ability to grow and generate healthy returns for all its stakeholders. Ample research has been undertaken to identify the determinants of capital structure of a firm. The present study, using annual data of 214...

When Economic Consequences of the Peace appeared during December 1919 it was an immediate publishing success, although Keynes’s argument that the book was a serious work of economics met with a controversial response that continues to the present day. While most critics’ focus on the books...

Were Scots to be found concentrated in particular occupations? Did networks, whether through common origin, associational life, religion, employment or marital connections facilitate the careers of Scots in the colonies? Were Scots different from other immigrants, especially the English, on any...

An immediate consequence of the Efficient Market Hypothesis (EMH) is the absence of auto-correlation of the return series of the financial prices and the exclusion of excess profitability made by any (active) trading strategy. However, the precondition for the validity of EMH, which assumes that...

I discuss some key issues raised by behavioral economics for better understanding the working of the labor market. Amongst the key points in this paper are: (i) a revised modeling of the labor supply curve, with a specific focus on the target income approach (ii) elaborating on the importance of...

A powerful method for computing Nash equilibria in constrained, multi-player games is created when the relaxation algorithm and the Nikaido-Isoda function are used within a MATLAB application. This paper describes that application, which is able to solve static and open-loop dynamic games...

This paper concentrates on the role of job matching frictions in influencing the interactions between fertility choice and wage offers and show that job market frictions are a crucial factor in wage differentials among female workers. The goals of this paper are to examine how the home-stay...