Recent application of the switching regression model to allocate workers into the primary and secondary labor markets is considered to be the best solution to the classification problem of the empirical testing of the dual labor market theory. In such models, normality of the error terms is...

This article analyzes the extent to which incidence of unemployment and duration of unemployment spells affect the wage differentials between full-time and part-time workers. The estimation results of a sample selectivity bias-adjusted wage equation reveal that high incidences of unemployment...

Models of the labor supply of an individual family member's response to a Negative Income Tax (NIT) have often ignored family labor-supply interactions. This paper presents results indicating that, accounting for cross-substitution effects, an NIT has different impacts on the labor supply of...

This article analyzes the dynamic effects of four key macroeconomic variables on the housing prices and the stock of houses sold on the national and regional levels using a nonstructural estimation technique. The impulse response functions derived from the VAR suggest that macroeconomic...