This paper estimates whether non-union wage supplements associated with unionization are larger for low wage workers. Switching regression estimates determine low and high wage samples and demonstrate larger supplements for most low wage workers. The pattern varies by occupational group.

Discrimination in the allocation of goods between boys and girls is tested for, using expenditure data from households in Papua New Guinea. Deaton's (1989) method of identifying demographic effects on adult goods expenditure is used to indicate gender bias. Valid adult goods are found to be...

A new method of measuring productive efficiency is proposed and empirically applied here, when the input output data are subject to random variations. This method is useful in applications of Farrell efficiency and data envelopment analysis.

Models of the form of sanctions are constructed to test Kaempfer and Lowenbergs' public choice theory of economic sanctions using the Hufbauer, et al. dataset. The key explanatory variable is presanction trade linkage between sender and target. If sanctions are primarily coercive, trade linkage...

The log-linear specification of wage equations is commonly used in the applied economics literature. Predictions of the retransformed wage are not straightforward as the standard approach (naive estimator) produces biased predictions. Duan (1983) proposes a smearing estimator which overcomes...

Forward/forward volatility derived from options' implied volatilities is a measure of the market's expectation of future volatility. We examine the factors affecting forward/forward volatility and present evidence of its predictive performance based on FTSE100 index options.

We examine the determinants of land prices in the north-eastern United States by applying Johansen and Juselius maximum-likelihood cointegration procedure to two recent land price models. The results suggest that there is an equilibrium relationship between real land price and real gross farm...

An assessment is made of whether primary, secondary or tertiary education has the greatest impact on national income. An aggregate production function is estimated for a cross-section of 77 countries which disaggregates the labour force on the basis of the highest level of schooling attained....

The efficient set is derived using unhedged returns of stock market indices of 'Group of Seven' countries. It is found that total risk is far more important than return in determining whether or not a stock market index is included in an optimal portfolio on the efficient set.

This study investigates differences in the occupational structures of married and single young men to determine if single men face unequal prospects for occupational attainment. A second objective is to determine if occupational differences by marital status help to explain the well-known...