International equity markets are characterized by nonlinear dependence and asymmetries. We propose a new dynamic asymmetric copula model to capture long-run and short-run dependence, multivariate nonnormality, and asymmetries in large cross-sections. We find that copula correlations have...

The study of wage dynamics over time is more insightful than the analysis of point-in-time inequality measures. In policy-making, indeed, low wage careers instead of low-wage jobs should be at the center of the debate on long-term wage inequality. Many previous studies tried to estimate the...