Panel data from the Household, Income and Labour Dynamics in Australia Survey are used to examine the impact of involuntary job loss on the mental health of spouses and adolescent children. Estimates from fixed effects models show that the mental health of women (but not men) declines following a spouse’s job loss, but only if that job loss results in a sustained period of non-employment or if ...

Theories based on partial equilibrium reasoning alone cannot explain the widespread negative cross-sectional correlation between parental wages and fertility, without restrictive assumptions on preferences and childcare costs. We argue that incorporating a dynamic general equilibrium analysis of returns to human capital can help explain observed empirical patterns. Other by-products of this the...

Whereas life expectancy continues to increase in most industrialized countries many developing and transition countries are today confronted with decreases in life expectancy. Usual measures employed to compare welfare over time and space fail to deal with such demographic change and may lead to the so-called ‘repugnant’ conclusion that lower life expectancy involves higher welfare per capita. ...

Article history: Received 24 August 2014 Received in revised form 28 February 2015 Accepted 2 March 2015 Available online 10 March 2015 JEL classifications: C93 D01 D82 K42 PsycINFO classifications: 3120 3450 3660

Article history: Accepted 17 September 2013 JEL classifications: L13 L15

A test strategy consisting of a two-step application of a Lagrange Multiplier test was recently suggested as a device to reveal spatial nonstationarity, spurious spatial regression and spatial cointegration. The present paper generalises the test procedure by incorporating control for biased test values emerging from unobserved heteroscedasticity. Using Monte Carlo simulation, the behaviour of ...

The Persistence of Informality: Evidence from Panel Data Informality is a growing phenomenon in the developing and transition country labor market context. In particular, it is noticeable that working in an informal employment relationship is often not temporary. The degree of persistence of informality in the labor market might be due to different sources: structural state dependence due to pa...

This paper first identifies the determinants of income satisfaction of individuals within the household and, secondly, characterises whether their preferences are altruistic or egoistic. To that end, it formulates a theoretical framework from the collective family model whose stochastic formulations are estimated for 14 EU countries by using the eight waves of the European Community Household P...

This paper follows on from the discussion of Florax, Folmer and Rey (2003) on the advantages and disadvantages of various specification strategies for econometric models in a spatial setting. Habitual practise has popularised a technique based on the well-known Lagrange Multipliers, which seems to give good results although its basis is entirely ad hoc. In this paper we also contemplate other a...