Cross-country comparisons of subjective assessments may be ham- pered by sub-population speci…c response style. To correct for this, the use of vignettes has become increasingly popular - notably within cross- country health studies. However, the validity of vignettes as a means to re-scale...

The gender of the first two children is used as a natural experiment to estimate the causal effect of fertility on poverty of rural nucleus households in India. In India, male children are viewed as a better source of insurance and support to the family in old age. Thus, having two girls can...

We present comparable evidence on intergenerational earnings mobility for Denmark, Finland, Norway, the UK and the US, with a focus on the role of gender and marital status. We confirm that earnings mobility in the Nordic countries is typically greater than in the US and in the UK, but find...

We present comparable evidence on intergenerational earnings mobility for Denmark, Finland, Norway, the UK and the US, with a focus on the role of gender and marital status. We confirm that earnings mobility in the Nordic countries is typically greater than in the US and in the UK, but find...

We study a simple evolutionary bargaining game and show that the efficiency of bargaining behavior can depend crucially on the tie breaking rule players use. In fact, in a certain limit all the surplus is wasted. Inefficiency arises for any role assignment procedure, as long as there is some...

The extensive empirical literature on the validity of Gibrat’s law does not in general verify the law as it finds that firms’ growth rates are negatively correlated with both firm size and age. However, some studies find that Gibrat’s law holds for sub-samples of firms such as large firms...

I am grateful to Dansk Management Forum for providing me the data used in the paper, to the Danish Social Science Research Council for financial support, and to Jingkun Li for useful research assistance. An earlier version of the paper was presented at the 2002 Academy of International Business...