A century ago, Thorstein Veblen introduced socially contingent consumption into the economic literature. This paper complements the scarce empirical literature by testing his conjecture on South African household data and finds that Black and Coloured households spend relatively more on visible...

Korean Abstract: 본고는 북한 사경제의 중요한 부문으로 여겨지는 주택건설 활성화가 앞 으로 지속될 것인지 점검하기 위하여 북한 장기 주택수요와 이와 연관된 주택건설투자의 추세를 추정하였다. 우선 Mankiw-Weil 모형에...

Crises in financial markets affect humans worldwide. Detailed market data on trading decisions reflect some of the complex human behavior that has led to these crises. We suggest that massive new data sources resulting from human interaction with the Internet may offer a new perspective on the...

An early age at first marriage is known to be associated with a high risk of divorce. Yet it has been suggested that beyond a certain point, the relationship between age at marriage and marital instability may become positive, because as unmarried women begin to hear their biological clock tick,...

Time series regressions indicate that age structure has significant forecasting power on Swedish inflation. The results agree with a Phillips-Okun framework, assuming that the demographic composition affects productivity. The relative age effects are also relatively well in accordance with what...

The prototypical Lee-Carter mortality model is characterized by a single common time factor that loads differently across age groups. In this paper, we propose a parametric factor model for the term structure of mortality where multiple factors are designed to influence the age groups...

An early age at first marriage is known to be associated with a high risk of divorce. Yet it has been suggested that beyond a certain point, the relationship between age at marriage and marital instability may become positive, because as unmarried women begin to hear their biological clock tick,...

Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...