An econometric model for the U.K. money (LM3) multiplier is estimated from annual data on the postwar period. The model consists of three behavioral equations: (1) the currency ratio in which the demand for currency varies inversely with interest rates on demand deposits; (2) a time deposit...

This paper stresses the importance of accounting for regional heterogenity in the dynamic analysis of regional economic disparities. Studies of regional growth invariably presume regions are homogenous in that their socio-demographic composition is assumed to be broadly similar. We argue that...

A large sample of Israelis is used to estimate models for the demand for government-sponsored training by the unemployed. The paper focuses on three decision variables: whether to train or not; the timing of training; and the duration of training. The covariates of these decisions turn out to...

Employees' occupational pension contributions do not reflect the factors that determine their actuarial cost. Men and women, old and young, contribute at the same rate even though sex and age determine the actuarial cost of a pension. Wages reflect und erlying remuneration plus the actuarial...