We use experimental data from the Head Start Impact Study to examine the effects of childcare program pathways on cognitive outcomes. Using a sequential choice model with state dependence and dynamic selection, we identify and estimate joint returns and complementarities across skill investment...

In this note, we shall study a class of retarded Langevin equations in infinite-dimensional spaces. An informative description of stationary solutions is given by means of Green operators, Lyapunov equations, the second moment bounds and retarded point spectrum. The covariance operator of the...

In a recent paper, Taniguchi (Stochastic Anal. Appl. 16 (5) (1998) 965-975) investigated the almost sure exponential stability of the mild solutions of a class of stochastic partial functional differential equations. Precisely, as small delay interval assumption is imposed, sufficient conditions...

I address the causes of the gender wage gap with a new dynamic model of wage, hours, and job changes that permits me to decompose the gap into a portion due to gender differences in preferences for part-time work and in onstraints. The dynamic model allows the differences in constraints to...

We show that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions. Using Norwegian data, we find a strong countercyclical...

Some criteria for the mean square and almost sure exponential stability of nonlinear stochastic partial differential equations are shown in this paper. In particular, the main results obtained in Caraballo and Real (1994, Stochast. Anal. Appl. 12(5), 517-525) are improved, since the new...

China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the permanent variance of household income was stable,...

China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped during the 2000s. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period...

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we...