We constructed a time series of menu prices for the identifiable restaurants at which James Bond dined in France and the UK that yields one of the few international price series representing luxury services. This series enabled us to calculate a real exchange rate based on prices pertinent to...

In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the...

The linearity of the U.S. hog-corn cycle has been questioned by Chavas and Holt (1991). Even so, attempts have not been made to model the potential nonlinear dynamics in the hog-corn cycle by using regime-switching models. One popular alternative is Terasvirta's smooth transition autoregressive...

The linearity of the U.S. hog corn cycle has been questioned by . Even so, attempts have not been made to model the potential nonlinear dynamics in the hog corn cycle by using regime-switching models. One popular alternative is smooth transition autoregressive (STAR) model, which assumes regime...

Home-based work differs from other employment because the work site is the home itself. This difference means that the fixed costs of working at home are less than the fixed costs of working on site and that home-based workers may engage in joint market and household production. Using data from...