"This paper tests whether there is evidence of compression of morbidity using data from the American Health and Retirement Study and analyzes the effects of this on the labor supply of older people. We find younger cohorts to suffer less from functional problems than older cohorts at given ages....

The model of Technical Analysis goes against the fulfillment of the weak form of the Hypothesis of Efficient Market raised by Fama (1970). Nevertheless, recently some studies provide evidence with probable prediction of the expected returns based on the past returns. In particular, the...

This study validates the microeconomic model defining the evolution of personal incomes in the U.S. Because of a large portion of population not reporting any income, any comprehensive modeling of the overall personal income distribution (PID) is complicated. Age-dependent PIDs allow overcoming...

A two-component model for the evolution of real GDP per capita in the United States is presented and tested. First component of the growth rate of GDP represents the growth trend and is inversely proportional to the attained level of real GDP per capita, with the nominator being constant through...

"An important decision that must be made in operating training programs targeted toward disadvantaged workers is whether the programs dictate the specific training programs that participants will take or they issue vouchers that permit participants to select their specific training programs....

China?s global expansion has led to concerns amongst other developing country exporters that they will be displaced by Chinese competition in their export markets. The paper develops a new index to measure the extent of the competitive threat which countries face from China, which is then...