Employment Change Patterns: Some Empirical Tests: Comment

Some empirical patterns in a riot process.

On Some Recursive Residual Rank Tests for Change~points on Some Recursive Residual Rank Tests for Change-points

A general class of recursive residuals is incorporated in the formulation of suitable (aligned) rank tests for change-points pertaining to some simple linear models. The asymptotic theory of the proposed tests rests on some invariance principles for recursively aligned signed rand statistics, and these are developed. Along with the asymptotic properties of the proposed tests, allied efficiency ...

Minimum Wages and Employment: Comment

Does increasing the minimum wage lead to employment losses? For many years most economists thought that the answer to this was a straightforward ‘yes’. However, research during the 1990s began to overturn this conventional wisdom and showed that increases in the minimum wage did not automatically lead to employment losses. A recent Australian study, by Leigh (2003), examined the impact of statu...

The Capital Asset Pricing Model: Some Empirical Tests

Considerable attention has recently been given to general equilibrium models of the pricing of capital assets. Of these, perhaps the best known is the mean-variance formulation originally developed by Sharpe (1964) and Treynor (1961), and extended and clarified by Lintner (1965a; 1965b), Mossin (1966), Fama (1968a; 1968b), and Long (1972). In addition Treynor (1965), Sharpe (1966), and Jensen (...

Regional Employment Change

In this thesis, I study how routinization—the process of codifying and automating job tasks—influences regional employment change. I examine two questions. First, does routinization drive employment change in US metropolitan areas after controlling for occupation and industry mix? Second, does overall employment change occur more strongly through occupational change than industry change across ...