The authors present an exact methodology for decomposing cross-sectional volatility into contributions from various factors. Treating country, industry, and style factors equally, they used their framework to investigate several relevant issues in the global equity markets, including the...

This article decomposes the business-level profit rate of Japanese multi-business corporations by performing a variance components analysis on a large sample of publicly traded non-financial firms in 1998–2003. Consistent with US evidence, estimation results demonstrate that profitability is...

Purpose – Our ultimate goal is to characterize three methodological issues. First, compare the relative performance of alternative estimation methods for long time series, second, estimate the degree of correlation between effort and circumstances, and, third, decompose total inequality into...

pt. 1. Deprivation, happiness and well-being -- pt. 2. Polarization -- pt. 3. Distributional change and mobility -- pt. 4. On the decomposition of income and wage inequality -- pt. 5. Individual well-being and poverty.