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Economic

19 karya publik ditemukan.

2018: 22017: 122016: 42015: 1

Poverty and foreign aid

2018 · Book · Koleksi Perpustakaan

Contains three papers from the Asian Dev't. Bank: (1) Poverty & Foreign Aid: Evidence from Recent Cross-Country Data, by Abuzar Asra, Gemma Estrada, Yangseon Kim, & M.G. Quibria: takes a fresh look, from a macro perspective, at the issue of aid effectiveness. An important point of departure for this study is that it adopts poverty reduction, as contrasted from economic growth, as the metric for measuring aid effectiveness. (2) Measuring Efficiency of Macro Systems: An Application to Millennium Dev't. Goal Attainment, by Ajay Tandon; & (3) Experience of Asian Asset Mgmt. Companies: Do They Increase Moral Hazard? -- Evidence from Thailand, by Akiko Terada-Hagiwara & Gloria Pasadilla. Charts & tables.

An empirical analysis of labor income processes

2017 · Book · Koleksi Perpustakaan

In this paper we reassess the evidence on labor income risk. There are two leading views on the nature of the income process in the current literature. The first view, which we call the "Restricted Income Profiles" (RIP) process, holds that individuals are subject to large and very persistent shocks, while facing similar life-cycle income profiles. The alternative view, which we call the "Heterogeneous Income Profiles" (HIP) process, holds that individuals are subject to income shocks with modest persistence, while facing individual-specific income profiles.We first show that ignoring profile heterogeneity, when in fact it is present, introduces an upward bias into the estimates of persistence. Second, we estimate a parsimonious parameterization of the HIP process that is suitable for calibrating economic models. The estimated persistence is about 0.8 in the HIP process compared to about 0.99 in the RIP process. Moreover, the heterogeneity in income profiles is estimated to be substantial, explaining between 56 to 75 percent of income inequality at age 55. We also find that profile heterogeneity is substantially larger among higher educated individuals. Third, we discuss the source of identification -- in other words, the aspects of labor income data that allow one to distinguish between the HIP and RIP processes. Finally, we show that the main evidence against profile heterogeneity in the existing literature -- that the autocorrelations of income changes are small and negative -- is also replicated by the HIP process, suggesting that this evidence may have been misinterpreted.

How to avoid being sued by your client

2015 · Book · Koleksi Perpustakaan

This manual shows the practitioner how to avoid exposure to the causes of legal malpractice and increase the likelihood of a favorable outcome in the event of litigation. Advice on client relations, fee arrangements, filing systems, and docket control is provided in the work.