This paper analyses the effect of labour taxes on Euro area unemployment. Empirical estimates obtained so far can be criticised as being spurious because the regressions generally lack non-measurable variables constituting the reservation wage that can possibly be non stationary. Here we...

This study examines the impact of telecommuting on passenger vehicle- miles traveled (VMT) through a multivariate time series analysis of aggregate nationwide data spanning 1966-1999 for all variables except telecommuting, and 1988-1998 for telecommuting. The analysis was conducted in two...

Censoring of outcomes (selection) is a common consequence of survey nonresponse and attrition in panels, and has received much attention. Joint censoring of regressors and outcomes is also common, but it has remained unexplored. This paper shows that the problem of identification when regressors...

This paper investigates sample attrition in the Health and Retirement Study (HRS). We compare attrition behavior in two of the HRS cohorts: original HRS cohort and AHEAD cohort. We distinguish attrition due to death (passive attrition) from attrition due to other causes (active attrition),...

In this paper I attempt at answering to the following question: is modern culture affected by amcient cultural heritage? Are Archimedes and Qin Shi Huang, Cicero and Shakespeare, and the like, still intellectually alive? Do the Parthenon and the Temple of Heaven, and the like, significantly...

In this paper, we use an extension of Hamilton's (1989) Markov switching techniques to describe and analyze stock market returns. Using new tests, we find very strong evidence of switching behaviour. A major innovation of our work is to use a multivariate specification which allows us to examine...

We consider processes with second order long range dependence resulting from heavy tailed durations. We refer to this phenomenon as duration- driven long range dependence (DDLRD), as opposed to the more widely studied linear long range dependence based on fractional differencing of an $iid$...

This study presents estimation of production functions for the Soviet industry from the 1951—1970 data. Different specifications and estimation procedures were tried. The results diverged on a wide range and this may have serious implications. The paper shows possible effects of different...

This paper introduces a dynamic panel data model in which the intercepts and the coefficients on the lagged endogenous variables are specific to the cross section units, while the coefficients on the exogenous variables are assumed to be normally distributed across the cross section. Thus the...