We analyze the effect of the timing and spacing of births on the labor supply of married women in a framework that accounts for the endogeneity of the labor market and fertility decisions, for the heterogeneity of the effects of children on labor supply and their correlation with the fertility...

Despite the voluminous empirical research on the potential predictability of stock returns, much less attention has been paid to the predictability of bear and bull stock markets. In this study, the aim is to predict U.S. bear and bull stock markets with dynamic binary time series models. Based...

This paper examines the role of socio-demographic and credit consumption tendencies in affecting credit card ownership and debt status. Based on a sample of 938 individuals from three major cities in Malaysia, card holders' debt status is measured in relation to credit card expenditure, which in...

We propose a model for multinomial probit factor analysis by assuming t-distribution error in probit factor analysis. To obtain maximum likelihood estimation, we use the Monte Carlo expectation maximization algorithm with its M-step greatly simplified under conditional maximization and its...

This paper examines the effect of homeownership status on individual subjective wellbeing indicators in urban China using a large nationally representative dataset. It is the first to gauge the relationship between homeownership and individual subjective wellbeing in the setting of China and is...

This study explores the determinants for the duration of airline passengers to adopt a low cost carrier (LCC) and their loyalty toward the LCC. The analysis results of travel information on 338 passengers traveling between Taipei and Singapore show that business passengers take longer duration...