Social welfare is a major issue in both developing and developed countries, including Korea. Political parties are especially struggling with the choice between universal or selective welfare but hardly any clear guidelines exist. This paper reviews universal versus selective welfare concepts...

This study basically focuses on the analysis of the net effect of the government R&D support program on the local firms' technology development and its performance. And then it examines whether and how much R&D raises the effects of local firms' technology development and its performance. It...

Using German SOEP data, 1999 - 2009, this study analyzes state dependence in low-wage employment of western German women, where we distinguish between full-time and part-time working. We estimate a dynamic multinomial logit model with random effects and find that having a low-wage job - compared...

The main intention of this study is to identify the determinants of economic literacy at university level. The data used in this study was collected by researchers through field survey by randomly selecting 200 students from different departments of the universities located in the Southern part...

Using Bayesian Markov chain clustering analysis we investigate career paths of Austrian women after their first birth. This data-driven method allows characterizing long-term career paths of mothers over up to 19 years by transitions between parental leave, non-employment and different forms of...

Overeducation is an often overlooked facet of untapped human resources. But who is overeducated and why? Relying on SOEP data 1984-2011, we use probit models for estimating the likelihood of entering overeducation and dynamic mixed multinomial logit models with random effects addressing state...

We consider an assortment and price optimization problem where a retailer chooses an assortment of competing products and determines their prices to maximize the total expected profit subject to a capacity constraint. Customers' purchase behavior follows the multinomial logit choice model with...