We analyze the relationship between the family and the Welfare State when intra-family transfers are governed by risk-sharing considerations (i.e. not by altruism). For the benchmarl case, the classic neutrality result is obtained: more generous unemployment benefits, provided by the State,...

A nationally representative rural labour force survey of Chine is analysed to explore the allocation of labour among farming, local non-farming and temporary migration activites. The returns to non-farming greatly exceed those to farming, for reasons which are explored.

Recent literature surveys indicate the absence of definitive evidence distinguishing unitary from collective models of the household. In this paper, we exploit dramatic changes in divorce law legislation in Canada to test one variant of the collective approach, cooperative Nash bargained...

Recent theories converge in the idea that international monetary policy cooperation can be counter-productive. This paper reconsiders the role of policy cooperation and credibility in a two-country model with incomplete information about the type of the coordination mechanism. In the perfect...

This paper shows that the behaviour of inventories is not symmetrical and that their modelling requires more than just a linear regression. Models of inventory behaviour are described and symmetric and non-symmetric-error-correction models are formulated which divide the changes in production...

A suvey of rural migrants employed in enterprises in four Chinese cities is analysed. The process of migration is analysed from three perspectives : that of the rural migrants themselves, of their urban employers, and of the government. They survey results are combined with marcroeconomic...

Competition between hopping centres, which may take the form of supermarkets (or hypermarkets), shopping malls or high streets, is emplored in a model in which the consumers' choice of centre is determined by the utility available from visiting different centres, based on the range of products...

This paper analyzes regime shifts in the stochastic process of economic growth of six major OECD countries over three decades. For the statistical measurement of the underlying global business cycle, we generalize Hamilton's model of the US business cycle to a Markov-switching vector...