Comparative Advantage, Segmentation and Informal Earnings: A Marginal Treatment Effects Approach This paper employs recently developed econometric models of marginal treatment effects to analyze the relevance of labor market comparative advantage and segmentation in the participation and earnings performance of workers in formal and informal jobs in Argentina. A novel household data set on info...

T paper seeks to quantify the long-term financial impact of negative word of mouth (NWOM), an issue that has long challenged extant research. We do so with real-world data on firm security prices. The developed time-series models innovatively uncover (1) shortand long-term effects of NWOM on cash flows, stock returns, and stock volatilities, and (2) NWOM’s “wear-in” effects (i.e., it takes a nu...

We analyze the interaction of firm product quality and pricing decisions with financial distress and bankruptcy in the airline industry. We consider an airline’s choices of quality and price as dynamic decisions that trade off current cash flows for future revenue. We examine how airline mishandled baggage, on-time performance and pricing are related to financial distress and bankruptcy, contro...

In a recent article, Reexamining the influence of conditional cash transfers on migration from gendered lens, Hughes (2019) claimed that transfers, CCT, limit likelihood by women, compensating them for giving up an attractive option. I question analysis lies behind this claim. argue in seeking to understand women migrating if they participate CCT program, issues selectivity, endogeneity, and op...

This paper estimates threshold regression models with an endogenous variable using a nonparametric control function approach. Assuming diminishing effects, we derive the consistency and limiting distribution of our proposed estimator constructed from series approximation method for weakly dependent data. In addition, propose test endogeneity variable, which is valid regardless whether effects e...

This paper assumes that output depends on a large number of variables, but that economic theory has only revealed a subset of these variables. The variables that determine output include exogenous shocks, as well as endogenous variables that depend on both the exogenous variables and agents’ expectations. This paper examines a policy maker’s attempts to forecast output under two different types...