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Investigates the shape of experience‐earnings profiles across gender. Given that self‐employment offers both an alternative to unemployment and potentially flexible – and thereby attractive to female labour market participants – working arrangements, estimates separate profiles for...
The South African government’s objectives relating to tobacco, primarily deterrence and revenue generation, have since the early 1970s not been maintained. The real value of tobacco taxes fell over the 20‐year period 1970 to 1990 and, as a result, consumption steadily increased. Since 1990,...
Applies new tests for parameter instability in cointegrated models to evaluate the traditional export demand function. The determinants of exports considered are world real income, export price and competitors’ export price. The data for Singapore (a newly industrializing economy), from...
There is a debate on the excess volatility of long‐term bond yields. It is found that whether long‐term bond yields are excessively volatile or excessively smooth depends critically on the knowledge of the long‐run properties of the short‐term interest rate process. Uses a span of 200...
This research explored the nature of suppliers who participate in informal markets. The study was based on a national probability sample of 1,600 households. Those that had engaged in both barterer and vendor behaviors were found to have the most distinct profile. The barterer/vendor group...
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