This paper presents evidence of ballot order effects in Irish General Elections, where candidates are listed in alphabetical order. Data relating to elections from 1977 to 2011 suggest the effect is significant in a statistical sense and in magnitude. The nature of the Irish electoral system...

Ireland provides an interesting setting for the study of incumbency advantage. Its electoral system creates incentives for political candidates to cultivate a loyal, personal following and the rate of incumbent re-election is one of the highest in the world. This paper exploits the...

This paper presents evidence of ballot order effects in Irish General Elections, where candidates are listed in alphabetical order. Data relating to elections from 1977 to 2011 suggest the effect is significant in a statistical sense and in magnitude. The nature of the Irish electoral system...

I consider a consumption based asset pricing model where the consumer does not know if shocks to dividends are stationary (temporary) or non-stationary (permanent). The agent uses a Bayesian learning algorithm with a bias towards recent observations to assign probability to each process. While...

for consumption changes.

Previous attempts to evaluate the Mortensen–Pissarides model rely on either endogenous separation or wage rigidity. In this paper I simulate a version of the Mortensen–Pissarides (MP) model with wage rigidity and endogenous separation. The model is then able to answer a key question in the...

In 1994 the World Bank called East Asia's strong economic growth performance a "miracle". Trade openness, high savings rates, human capital accumulation, and macroeconomic policy only explained part of this growth performance; the remainder was left unexplained. Research in the ensuing years has...

While remarkable gains in health have been achieved since the mid-20th century, these have been unequally distributed, and mortality and morbidity burdens in some regions remain enormous. Of the almost 10 million children under 5 years of age who died in 2006, only 100 000 died in industrialised...

We analyze the effect of fertility on income per capita with a particular focus on the experience of Europe. For European countries with below-replacement fertility, the high cost of continued low fertility will only be observed in the long run. We show that in the short run, a fall in the...