Is racial hate reflected in the degree of judicial corruption? Using US state-level data, we find racial hate to be a positive and statistically powerful predictor of judicial corruption. This relationship prevails after the inclusion of the conventional control variables and regional fixed...

We discuss the development of policy rules at the University of Chicago and compare those rules with modern, Taylor-type rules. A key feature of the 1930s Chicago approach was the view that discretionary monetary policy has a destabilizing effect on the economy. Empirical confirmation of this...

We address the persistent reverse causality problem in estimating the causal effect of female labor force participation (FLFP) on corruption. Employing plow usage as an instrumental variable, an increase in FLFP by one standard deviation is suggested to improve the Corruption Perceptions Index...

Medical innovations have improved survival and treatment for many diseases but have simultaneously raised spending on health care. Many health economists believe that technological change is the major factor driving the growth of the heath care sector. Whether quality has increased as much as...

Income inequality and house prices have risen sharply in developed countries during the last three decades. We argue that this co-movement is no coincidence but that inequality has driven up house prices on the grounds that it raises the total demand for houses, which inflates their prices...

Non-adherence in health care results when a patient does not initiate or continue care that a provider has recommended. Previous research identifies non-adherence as a major source of waste in US health care, totaling approximately 2.3% of GDP, and has proposed a plethora of interventions to...

We test for volatility transmission between US and the six largest Latin American stock markets (Argentina, Brazil, Chile, Colombia, Mexico and Peru) using MGARCH-BEKK models in daily frequency from March 1993 to March 2013. As expected, we find strong evidence of volatility transmission from US...

Research productivity distributions exhibit heavy tails because it is common for a few researchers to accumulate the majority of the top publications and their corresponding citations. Measurements of this productivity are very sensitive to the field being analyzed and the distribution used. In...

Spanish Abstract: Este paper utilizando el Modelo Casi Ideal de Demanda (AIDS) por medio de ecuaciones aparentemente no relacionadas para la industria de combustibles en el sector transporte en Colombia, analiza las elasticidades precio de la demanda, precio cruzada de la demanda y gasto de la...

Spanish Abstract: El presente estudio tiene como objetivo encontrar y analizar los efectos causales de diversos factores socioeconómicos y demográficos en la satisfacción con la vida de los hogares de Medellín. Para ello, se estima un modelo logístico, categorizando en dos grupos las...