Le Shema Incitatif de Type Differentiel Recompense une Firme Dont la Performance Presente Exede une Norme Etablie Sur la Base de Ses Performances Dans le Passe. Depuis 1981, une Telle Incitation Fait Partie des Mesures Qui Ont Ete Prises Pour Stipuler la Recherche et Developpement aux...

We Embed an Efficiency Wage View of the Labor Market a la Shapiro and Stiglitz (1984) Into the Standard Hecksher-Ohlin Framework. We Demonstrate How a Small Trading Country Can Utilize an Activist Commercial Policy to Remedy Labor Market Inefficiencies. Laissez-Faire Is Not Optimal. the Optimal...

We consider the problem of testing whether the observations X1, ..., Xn of a time series are independent with unspecified (possibly nonidentical) distributions symmetric about a common known median. Various bounds on the distributions of serial correlation coefficients are proposed: exponential...

This note investigates the adequacy of the finite-sample approximation provided by the Functional Central Limit Theorem (FCLT) when the errors are allowed to be dependent. We compare the distribution of the scaled partial sums of some data with the distribution of the Wiener process to which it...

This paper documents and discusses a dramatic change in the cyclical behavior of aggregate hours worked by individuals with a college degree (skilled workers) since the mid-1980’s. Using the CPS outgoing rotation data set for the period 1979:1-2003:4, we find that the volatility of aggregate...