We analyze, in a model of occupational choice in the labour market and discrimination in the capital market, the relationship between the gender of the owner and of the top manager of a firm, access to finance, and this firm's performance. Occupational choice serves as the link from the capital...

We develop a stochastic overlapping-generations model with endogenously evolving heterogeneous beliefs on the degree of inflation protection to be provided by markets versus the monetary authority. It incorporates adaptive learning from inflation history and imperfect empathy in the cultural...

This paper investigates the extent to which life satisfaction is influenced by personality utilising longitudinal data collected by the BHPS. We test whether there is some happiness trait or propensity to be happy that influences the life satisfaction of adults by including a personality trait...

This paper makes a significant contribution on both conceptual and methodological fronts, in the analysis of the effect of maternal autonomy on school enrolment age of children in India. The school entry age is modelled using a discrete time duration model where maternal autonomy is entered as a...

The development of the methods of correlation and regression analysis at the turn of the 20th century, led to their use in attempting to identify relationships between economic variables. However, caution was soon expressed that correlating series with ‘secular’ trends was likely to be...

We discuss the effects of the care drain on human capital accumulation in developing countries, a potentially important downside of the phenomenon that has not been yet formally investigated: whilst recent literature on the brain drain suggests that it may not hamper human capital formation in...

This study evaluates a number of methods of reducing the bias and mean squared error of log-periodogram (LP) based methods to estimate the long-memory parameter and, in addition, assesses the actual coverage of the associated confidence intervals, considering both tails and the width of the...

In the context of the debate on increased integration of Eurozone banking markets, this paper evaluates the impact of the Single Market on bank productivity and assesses the cross-border benefits of integration in terms of technological spillovers. We utilise a parametric metafrontier Divisia...

Understanding the performance of banks is of the utmost importance due to the impact the sector may have on economic growth and financial stability. Residential mortgage loans constitute a large proportion of the portfolio of many banks and are one of the key assets in the determination of their...

At a time when cities are competing with one another to attract or retain jobs within a globalizing economy, city governments are providing an array of financial incentives to stimulate job growth and retain existing jobs, particularly in high cost locations. This paper provides the first...