| 1. |
- Ahmed, Ali, 1977-, et al.
(författare)
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Sexual orientation and occupational rank
- 2011
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Ingår i: Economics Bulletin. - 1545-2921. ; 31:3, s. 2422-2433
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Tidskriftsartikel (refereegranskat)abstract
- This paper presents a study of differences in occupational rank between gay and heterosexual males as well as between lesbian and heterosexual females. We estimate different specifications of an ordered probit model on register data from Sweden. Our data consist of married heterosexual men and women and homosexual men and women living in civil unions. We find that homosexual men have a lower probability of working in a profession demanding a longer university education or a management profession than heterosexual men. In contrast, we find that homosexual women are more likely than heterosexual women to work in such professions.
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| 2. |
- Andersson, Fredrik N G
(författare)
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Monetary Policy, Asset Price Inflation and Consumer Price Inflation
- 2011
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Ingår i: Economics Bulletin. - 1545-2921. ; 31:1, s. 759-770
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Tidskriftsartikel (refereegranskat)abstract
- The overall price level contains prices of everything purchased or purchasable (Fischer, 1911). The consumer price index only covers a small subset of all prices in the economy and since these prices are among the stickiest in the economy, this index may not fully capture the true rate of monetary inflation in the short run. Merging all price indices into one overall index has been rejected, not least for practical reasons. Issing (2003), though, argues that money growth can be interpreted as a proxy for the overall inflation rate; hence it is unnecessary to create a price index if the money growth rate can be used instead. This paper builds on Assenmacher-Wesche and Gerlach (2008a, b), and analyzes the relationship between money growth and different price indices such as the consumer price index, GDP deflator, share price index and house price index in eight developed countries. The results show that money growth is correlated with financial asset price inflation in the short, medium and long run. Real asset price inflation and money growth are correlated over the medium and long term and consumer inflation and money growth only over the long term. Since all movements in money growth, short term and long term, are associated with price changes, this paper concludes that money growth may serve as a proxy for the overall inflation rate.
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| 3. |
- Andersson, Lina (current name Aldén, Lina), 1979-, et al.
(författare)
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Self-employment matching: an analysis of dual-earner couples in Sweden
- 2010
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Ingår i: Economics Bulletin. - 1545-2921. ; 30:3, s. 2197-2209
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Tidskriftsartikel (refereegranskat)abstract
- This paper presents an analysis of self-employment matching among dual-earner couples in Sweden. The results show that self-employment propensities are positively correlated across partners. Self-employment propensities are significantly higher for both males and females whose spouses are self-employed. The existence of ‘positive assortative mating' and the fact that self-employment knowledge and abilities are transferred across partners are presented as explanations for the results. One policy conclusion that can be drawn from the results is that if governments and policymakers want to increase the rate of female self-employment, stimulating overall self-employment might be effective, since an important determinant of female self-employment is having a self-employed spouse.
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| 4. |
- Arshia, Amiri, et al.
(författare)
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HIV/AIDS-GDP Nexus? : Evidence from panel-data for African countries
- 2012
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Ingår i: Economics Bulletin. - 1545-2921. ; 32:1, s. 1060-1067
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Tidskriftsartikel (refereegranskat)abstract
- To test potential bilateral causalities relation between HIV-AIDS mortality and GDP, we propose a simple Granger noncausality test for heterogeneous panel data models. 44 African countries are selected for annual pooled data from 1990 to 2009. Results are presented for the heterogeneous noncausality hypothesis (HENC), which tests, for each cross-section unit, the nullity of all the coefficients of the lagged explanatory variable. Bilateral causality relation is observed for 5 countries out of 44 (11% of the countries in our data set). We have 18 countries of unidirectional causality, which 14 are from HIV mortality rate to GDP (43% from total), and 4 are from GDP to HIV mortality rate (9% from total). These results alert for the risk of epidemic trap, initiated first by the deleterious effect of HIV-Aids on countries income.
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| 5. |
- Byström, Hans
(författare)
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Executive compensation based on asset values
- 2012
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Ingår i: Economics Bulletin. - 1545-2921. ; 32:2, s. 1498-1502
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Tidskriftsartikel (refereegranskat)abstract
- This paper describes how credit default swaps could be employed to create performance based executive compensation portfolios that reflect the value of a firm’s debt as well as equity; i.e. the total value of all a firm’s assets. We define so-called Asset Value Unit (AVU) compensation portfolios that work both for executive- and non-executive pay schemes in financial as well as non-financial firms.
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| 6. |
- Karpestam, Peter, et al.
(författare)
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A flexible CO2 targeting regime
- 2011
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Ingår i: Economics Bulletin. - 1545-2921. ; 31:1, s. 297-308
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Tidskriftsartikel (refereegranskat)abstract
- According to EU regulations, CO2 emissions capped by the EU emission trading system must decline by 1.74 percent per year from 2013 and onwards. This paper argues that it is necessary to allow short term fluctuations in emissions in order to avoid unnecessary volatility in the real economy. An analysis of emissions data from the European Union and the United States reveals systematic fluctuations of some +/- 5 percent a year around the long run trend. Hence, the Emission Trading System (ETS) should be modified to better accommodate temporary variations in emissions.
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| 7. |
- Lundtofte, Frederik
(författare)
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Implied Volatility and Risk Aversion in a Simple Model with Uncertain Growth
- 2010
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Ingår i: Economics Bulletin. - 1545-2921. ; 30:1, s. 182-191
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Tidskriftsartikel (refereegranskat)abstract
- We show that a simple equilibrium model with uncertain growth is able to simultaneously generate patterns in implied volatility and risk aversion that are similar to the ones observed in the data. In addition, the model produces an implied pricing kernel that is increasing for particular levels of wealth.
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| 8. |
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| 9. |
- Pryymachenko, Yana, et al.
(författare)
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The effect of emigration on unemployment: Evidence from the Central and Eastern European EU member states
- 2013
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Ingår i: Economics Bulletin. - 1545-2921. ; 33:4, s. 2692-2697
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Tidskriftsartikel (refereegranskat)abstract
- This paper contributes to the scant empirical literature on the effects of emigration on source countries’ labour markets. Using a novel dataset by Brücker et al. (2009), we find that emigration from the Central and Eastern European (CEE) members of EU during the period 2000 to 2007 has contributed significantly to the decline in unemployment in these countries.
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| 10. |
- Samahita, Margaret
(författare)
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Effect of effort on self-image: monotonically increasing self-image functions
- 2013
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Ingår i: Economics Bulletin. - 1545-2921. ; 33:1, s. 152-157
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Tidskriftsartikel (refereegranskat)abstract
- The model of moral motivation as developed by Brekke et al. (2003) is analysed with the new assumption that self-image is an increasing function of effort. While the effects of increased efficiency and new information on optimal effort levels are similar, different results are obtained when individuals are faced with volunteering opportunities with and without non-participation fees. Most significantly, participation is sustainable as a Nash equilibrium even when it is not considered morally ideal. All results adhere to previously established theories on responsibility and crowding-out.
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