This study consistently estimates the trade-off between child quantity and quality by exploiting exogenous variation in fertility due to son preferences. Under son preferences, childbearing and fertility timing are determined conditional on the first child's gender. For the sample of South...

This study investigates the relationship between institutional ownership and dividend payout behavior of the firm in Germany. Using a propensity scoring method estimator to control for endogeneity problems, we find evidence that neither institutional ownership nor bank control is statistically...

A sticky-price model is used to motivate a structural VAR analysis of the current account the and the real exchange rate for seven major industrialized countries (the U.S., Canada, the U.K., Japan, Germany, France, and Italy). The analysis is distinguished from previous work in that it adopts...