Despite the remarkable increase in women's education levels and the rapid fall of their fertility rate in Iran, female labor force participation (FLFP) has remained low. Using the instrumental variable method, this paper estimates the causal impact of number of children on mothers' participation...

Military service is a popular method of army recruitment for governments of developing countries that are particularly prone to conflict. This study contributes to the largely under-researched issues of military service by looking at an unintended consequence of a military service exemption...

Female labor force participation rates across the Middle East and North Africa (MENA) region have remained low for over four decades, despite the fact that in the same period, women's education rapidly increased and fertility rates substantially decreased. This surprising phenomenon has remained...

We study the impact of changes in US monetary policy on the equity returns of real-estate-related industries and the possible economic sources behind the response. We find that over the 1989 to 2005 sample period covered in our study, a hypothetical unexpected rate cut of 25 basis points is...

In this paper we study the effect of unexpected changes in monetary policy on the equity returns of real-estate-related industries, using federal funds futures prices to extract unexpected changes in the Federal Funds Target Rate and employing it as a measure of monetary policy shocks. We find...

Female labor force participation rates across the Middle East and North Africa (MENA) region have remained low for over four decades, despite the fact that in the same period, women's education rapidly increased and fertility rates substantially decreased. This surprising phenomenon has remained...

In the last three decades, women's education levels in Iran have consistently increased while fertility rates have fallen rapidly. But female labor force participation (FLFP) rate remains at low levels. This paper shows that despite the low rate, FLFP follows the same patterns as the economic...

How much richer would oil producing countries in the Middle East be if they invested all their natural resource rents? This study tries to answer this question by calculating the counterfactuals of capital stock and income under two major scenarios. Combining several data sets, including a...