This book shows the most recent topics in economic consumer theory. Also the book shows a review of econometric test of some topics in estimation of microeconometric models.

Purpose – The purpose of this paper is to discuss the role of Markovian transitions related to the economic convergence among countries. Thus, the paper aims to develop an overview of several classical approaches, including an analysis of fallacies exposed through the literature....

In the presence of selection bias the traditional estimators for pseudo panel data models are inconsistent. This paper discusses a method to achieve consistency in static linear pseudo panels in the presence of selection bias and a testing procedure for sample selection bias. The authors'...

The authors use information gathered from 122 studies on the effects of high school diplomas on wages in different countries worldwide to carry out a meta-analysis that shows high school diplomas have a statistically significant effect on wages of nearly 8 percent. This effect varies whether the...

The authours use information gathered from 122 studies on the effects of high school diplomas on wages in different countries worldwide to carry out a meta-analysis that shows high school diplomas have a statistically significant effect on wages of nearly 8%. This effect varies whether the...

Purpose: The article clarifies the wage–employment relation in a developing country. Several years ago, many articles in the United States indicated that the relation between increasing wages and increasing unemployment is unclear. These articles from the United States are insufficient to be...

Purpose – The purpose of this paper is to discuss sheepskin effects in Colombia based on repeated cross‐section or pseudo panel data using cohorts in seven larges cities in Colombia. Design/methodology/approach – A Pseudo Panel Data methodology is used as the basis for determining and...

This paper postulates that the effect of unemployment benefits on the hazard rates changes considerably using a traditional duration model that uses only unemployment insurance (UI) data, or deals with unemployment assistance (UA) as a mere extension of UI, instead of an extra time duration...

Using administrative data records from the Spanish Employment Agency we examine whether or not there is evidence of state dependence in unemployment under benefits in Spanish young workers. For this fact, we use a mixed proportional hazard model that allows for state dependence through lagged...