The presence of an underwriting profit cycle in property/liability insurance has become a stylized fact. Models of this "underwriting cycle" imply that the insurance market is governed by two regimes, as capacity is constrained or not. We apply the smooth transition regression model to insurance...

This study uses the results of a survey of entry-level economists to investigate whether gender or age influence beginning salaries once other determinants of earnings are taken into account. The authors consider and control for terminal degree status, the quality of Ph.D. granting and hiring...