"As globalization and the flow of labor across the world accelerated during the latter part of the 20th century, the presence of foreign-born workers in a country's labor market became one of the most prominent and controversial features of modern economies. Countries that facilitated the...

This paper estimates the economic and non-economic returns to volunteering for prime-aged women. A woman's decision to engage in unpaid work, and to marry and have children, is formulated as a forward-looking discrete choice dynamic programming problem. Simulated maximum likelihood estimates of...

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables. The new approach can easily deal with the commonly encountered and widely discussed "initial conditions problem," as well as the...

Small business activity and female entrepreneurship have become increasingly important features of the UK economy since the start of the Great Recession. In this paper, we re-examine the impact of liquidity constraints on new business formation in an instrumental variables framework, using a...

"Adam Smith, one of the founding fathers of contemporary economics, observed that religiosity is influenced by the extent of regulation in the "market" for religion. In countries where there is a state-sponsored religion, one can expect less overall religiosity than if the market were...