We analyze the timing of birth of the first three children based on German panel data (GSOEP) within a hazard rate framework. A random effects estimator is used to accommodate correlation across spells. We consider the role of human capital - approximated by a Mincer-type regression - and its...

The population of Norway has become one of the tallest in the world even overtaking Americans during the course of the second half of the 20th century not in terms of income, but in terms of physical stature and other indicators of biological welfare, such as longevity. This is also the case in...

All-cause and cause-specific mortality among white U.S. men and women are analyzed using the NHANES I data (1971-1975) and epidemiologic follow-up to 1992, to examine the effect of physical stature on mortality, controlling for other confounding variables within a discrete-time framework. We...

Empirical work on the quantity theory of money (QTM) has involved regressions based on the equation of exchange (EE). For the EE to be more than a definitional identity, an assumption must be made regarding its parameter, either Fisher's velocity 'v', or its inverse, the Cambridge 'k'. The...

We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect to the specific steps taken as well as the general methodology employed. Empirical studies of the QTM have focused directly on the relationship between the rate of change of the...