This paper takes up Goldberger's suggestion to investigate the links across generations using nonmonetary measures of status. It is found that the links in educational attainment are somewhat stronger than, and statistically significant from, those in income even if the income data are adjusted...

This paper examines whether the usually tested unit autoregressive (AR) root null hypothesis can be informative about the presence of a unit AR root (integration). This is considered null in generic models when the underlying time series is mean or linear trend stationary. It is concluded that...

Linder posed a hypothesis in 1961 that the closer the preference structure between two countries is, the bigger the trade volume becomes. The empirical results using pooled trade data from 63 countries for 1970, 1980, 1990, and 1992 are in support of the Linder hypothesis. It is also found that...

Through a comparison of serial and once bankrupt firms over the period 1970-1996, those factors that lead to a successful reorganization are examined. It is found that serial bankrupt firms generally fail to restructure their top management around the time of their initial reorganization while...

The paper examines costs in the Swiss nursing home industry, an issue of concern to Swiss policy makers because of the explosion of elderly care costs and the ageing of the population. The paper considers estimation of a translog cost function employing panel data for a sample of 36 nonprofit...

Changes in inequality as measured by the Gini index are decomposed into structural effects, real inequality effects and interactive effects. In light of such a decomposition, a refined version of the Kuznets hypothesis is proposed.

Conventional parametric estimation of the hedonic price models is not robust to heteroscedastic and/or non-normal error structure. This paper applies least absolute deviations (LAD) estimation as a robust approach to estimating the hedonic price models, using the Korea housing markets data. The...

This paper examines the influence of exchange rate variability on UK exports in the period of 'floating' sterling 1973Q2-1990Q3. Using the most recently developed bounds tests (appropriate when the cointegrating vector incorporates both I(1) or I(0) variables) the long-run demand for UK exports...

The beer industry has traditionally been viewed as 'recession-proof': drinkers will have their beer notwithstanding the ecomomy's ups and downs. Few empirical studies have examined the veracity of the claim of beer's non-cyclicality and none have used monthly data. This paper uses an...

The area monotonic solution is examined, when the utilities of the players as well as the Pareto frontier change in time. A divert method is introduced to characterize the change in the solution of the conflict which is based on deriving a special ordinary differential equation such that its...