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In this paper, we study the short-run and long-run comovement between prices and real activity in the G7 countries during the postwar period using vector autoregressive systems and frequency-domain filters. We find several patterns that are robust across countries and time periods. Typically,...
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We study price formation in the standard model of consumer search for differentiated products but allow for search cost heterogeneity. In doing so, we dispense with the usual assumption that all consumers search at least once in equilibrium. This allows us to analyze the manner in which prices...
Persistent link: https://www.econbiz.de/10010370656
What explains apparent price rigidity over the business cycle? This paper shows that price fluctuations may be hidden in prices of add ons. Using 10 years of extended warranty data from a nationwide Canadian retailer, we show that extended warranty prices respond strongly to changes in local...
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illustrate its feasibility with an example from the education sector in Zambia. …
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This paper estimates the health returns to education, using data on identical twins. I adopt a twin … both education and health. I further investigate to what extent within-twin-pair differences in schooling correlates with … education on health. Higher educational levels are found to be positively related to self-reported health but negatively related …
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irrelevance of education for socio-economic position of immigrants once the country of origin has been controlled for. …
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This paper uses a relatively new approach to investigate the effect of parents' schooling on child's schooling; a nonparametric bounds analysis based on Manski and Pepper (2000), using the most recent version of the Wisconsin Longitudinal Study. We start with making no assumptions and then add...
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