Search
Now showing items 11-20 of 27
The Dispersion of Intra-Household Human Capital Across Children: A Measurement Strategy and Evidence
(Vanderbilt University. Dept. of Economics, 2004-04)
Human capital accumulation has long been recognized as critical to economic growth and development. In recent years focus on the intra-household distribution of human capital has intensified both theoretically and empirically. ...
Ideology, Government, and the American Dilemma
(Vanderbilt University. Dept. of Economics, 2004-05)
This essay, written in honor of the economic historian Robert Higgs, surveys the economic history of African Americans from the end of slavery to the present day. This history, I argue, was largely one of convergence. ...
Investment Under Monetary Uncertainty: A Panel Data Investigation
(Vanderbilt University. Dept. of Economics, 2004-04)
There is a presumption in the literature that price or exchange rate uncertainty, or uncertainty in the monetary conditions underlying them, will have a negative effect on investment. Some argue that this negative effect ...
The Economic Aftermath of the 1960s Riots in American Cities: Evidence from Property Values
(Vanderbilt University. Dept. of Economics, 2004-05)
In the 1960s numerous cities in the United States experienced violent, race-related civil disturbances. Although social scientists have long studied the causes of the riots, the consequences have received much less attention. ...
Strategy-Proofness and the Tops-Only Property
(Vanderbilt University. Dept. of Economics, 2004-04)
A social choice function satisfies the tops-only property if the chosen alternative only depends on each person's report of his most-preferred alternatives on the range of this function. On many domains, strategy-proofness ...
Estimation and Model Selection of Semiparametric Copula-Based Multivariate Dynamic Models under Copula Misspecification
(Vanderbilt University, 2004)
Recently Chen and Fan (2003a) introduced a new class of semiparametric copula-based multivariate dynamic (SCOMDY) models. A SCOMDY model specifies the conditional mean and the conditional variance of a multivariate time ...
Efficient Estimation of Semiparametric Multivariate Copula Models
(Vanderbilt University, 2004)
We propose a sieve maximum likelihood (ML) estimation procedure for a broad class of semiparametric multivariate distribution models. A joint distribution in this class is characterized by a parametric copula function ...
Social Saving of the Panama Canal
(Vanderbilt University, 2004)
At the time when the Panama Canal was handed over to Panama, most people believed that the Canal was of little material worth to the United States. However, what was the value of this canal to the United States in the ...
A Model Selection Test for Bivariate Failure-Time Data
(Vanderbilt University, 2004)
In this paper, we address two important issues in survival model selection for censored data generated by the Archimedean copula family; method of estimating the parametric copulas and data reuse. We demonstrate that for ...
Substitution and Risk Aversion: Is Risk Aversion Important for Understanding Asset Prices?
(Vanderbilt University, 2004)
This paper uses a recursive time-non-separable expected utility function to separate between the intertemporal elasticity of substitution (IES) and a measure of relative risk aversion to bets in terms of money (RAM). Risk ...