This note investigates effects of exchange rate uncertainty on optimal trade policies and market prices within a standard export subsidy model. As exchange rate changes, relative efficiencies of firms in different countries change. In accordance with the conventional result, we show that changes...

One of the advantages to analyze the economic links between two countries on the basis of stock market data, rather than aggregate economic data published by national statistical offices, is that stock market data are readily available, allowing analysis in almost real time. We consider a...

The primary objective of this study is to examine the contribution of available information constrained by parents' fields of study to the observed assortative preferences in their children's choice of major. Comparable to panel models, we define within-family transmission functions with 1-to-2...

Most studies investigating the poor earnings performance of immigrants implicitly assume that human capital endowments determine actual earnings, and that immigrant-nativeborn wage gaps can be analyzed in terms of those earnings. In this study we claim that this assumption is not validated by...

The primary objective of this study is to examine the contribution of available information constrained by parents' fields of study to the observed assortative preferences in their children's choice of major. Comparable to panel models, we define within-family transmission functions with 1-to-2...

There is no guarantee that the right candidate will be matched with the right job in labour markets. If the mismatch is substantial, the surplus education and the deficit in schooling lead to underutilization and a loss in productivity in the economy as a whole. The aim of this study is to...

Using the 2006 Canadian Census, this paper investigates the lower return to immigrants' foreign education credentials after adjusting for their occupational matching in hosting labor markets. We develop two continuous indices that quantify the matching quality of the native-born in both...

As the number of cases increases globally, governments and authorities have continued to use mobility restrictions that were, and still are, the only effective tool to control for the viral transmission. Yet, the relationship between public orders and behavioral parameters of social distancing...

A growing wage gap between immigrant and native-born workers is well documented and is a fundamental policy issue in Canada. It is quite possible that wage differences, commonly attributed to the lower quality of foreign credentials or the deficiency in the accreditation of these credentials,...