This paper analyzes and predicts the changes of relationship between income and fertility rate of cross-countries using a bivariate mixture model and a latent change score model. This paper has shown that there is a negative relationship between income and fertility rate, which is presented in...

This paper analyzes and predicts the changes of relationship between income and fertility rate of cross-countries using a bivariate mixture model and a latent change score model. This paper has shown that there is a negative relationship between income and fertility rate, which is presented in...

There are four-parameter income distribution models that have good reputation for goodness-of-fit. In contrast, the existing models with five or more parameters fail to achieve a satisfactory level of goodness-of-fit. We propose a new seven-parameter model that is empirically shown to be...

A financial crisis in one region is a wake-up call for investors in other regions. If the correlation across regional fundamentals is potentially positive but uncertain ex-ante, investors acquire information about this correlation to determine their exposure. Financial contagion can occur in the...