This paper explores the influence of wage and price staggering on monetary persistence. Weshow that, for plausible parameter values, wage and price staggering are complementary ingenerating monetary persistence. We do so by proposing the new measure of "quantitativeinertia," after discussing...

This paper considers a multivariate t version of the Gaussian dynamic conditional correlation(DCC) model proposed by Engle (2002), and suggests the use of devolatized returnscomputed as returns standardized by realized volatilities rather than by GARCH type volatilityestimates. The t-DCC...

In this paper we present and test a theory of how political corruption, found in many transition and emerging market economies, affects corporate governance and productive efficiency of firms. Our model predicts that underdeveloped democratic institutions that do not punish political corruption...

Based upon unique survey data collected using respondent driven sampling methods, we investigate whether there is a gender pay gap among social entrepreneurs in the UK. We find that women as social entrepreneurs earn 29% less than their male colleagues, above the average UK gender pay gap of...

We use spline interpolation to approximate the subjective cumulative distribution function ofan economic agent over the future realization of a continuous (possibly censored) randomvariable. The method proposed exploits information collected using a small number ofprobability questions on...

Using data on annual individual labor income from three representative panel datasets(German SOEP, British BHPS, Australian HILDA) we investigate a) the selectivity of itemnon-response (INR) and b) the impact of imputation as a prominent post-survey means tocope with this type of measurement...

This paper examines the impact of self-reported work limitation on the labour forceparticipation of the Australian working age population. Five consecutive waves of theHousehold, Income and Labour Dynamics in Australia (HILDA) Survey are used toinvestigate this relationship...

When students themselves enjoy large degrees of freedom in determining the duration oftheir studies, it results in a fairly large degree of interindividual variance in terms of time-todegree.This paper investigates individual time-to-degree in a model where studentsdetermine the optimum...

Empirical investigations with enterprise level data from official statistics often use the averagewage as a proxy variable for the qualification of the workforce, mostly due to the lack ofdetailed information on the qualification of the employees. This paper uses unique newlyavailable data for...

Online technologies enable lower-cost, rapid data collection, but concerns about access and data quality impede their use in global research. I conduct a randomized experiment in the Philippines to test the effectiveness of web-form and chatbot surveys of K 12 teachers recruited through social...