We investigate whether international fund flows are pro-or counter-cyclical by employing a concordance index. International fund flows are investments in bond and equity markets by institutional investors, such as mutual funds, exchange traded funds, closed-end funds and hedge funds. We find...

The analysis of the wage differential between Asian Americans and whites indicates that discrimination against Asians (except Japanese) is still substantial in the U.S. labour market. However, the second-generation Asians have, by large, achieved income parity with comparable whites.