Joint tests of non-nested models and general error specifications

This paper is concerned with joint tests of non-nested models and simultaneous departures from homoskedasticity, serial independence and normality of the disturbance terms. Locally equivalent alternative models are used to construct joint tests since they provide a convenient way to incorporate more than one type of departure from the classical conditions. The joint tests represent a simple asymptotic solution to the “pre-testing” problem in the context of non-nested linear regression models. Our simulation results indicate that the proposed tests have good finite sample properties.     

The World Fertility Survey: an appraisal of methodology

"In the first half of the article, a broad account of content and procedures is given. In conduct of individual surveys, the achievements of the World Fertility Survey were based on thoroughness rather than technical superiority. The later aspects of the program, including analysis, archiving, and data dissemination, were more innovative and represent models of excellence for similar future enquiries. In overall terms, the program is judged to be an expensive success. In the second half of the article, two methodological issues are discussed in more detail: the collection of retrospective birth histories and the translation of survey instruments into local languages." Comments by Anthony G. Turner (pp. 768-9), Kweku T. de Graft-Johnson (pp. 769-70), Burton Singer (pp. 771-2), and Joel E. Cohen (pp. 772-4) are appended.     

Complete censuses and samples

"Complete decennial censuses are needed for small areas and other domains. Sample surveys yield diverse and timely data. Censuses can also be combined with samples, and sometimes with data from registers, for diverse estimates that are detailed over both space and time, and hence are timely for small domains. Methods of 'postcensal estimates' for small domains are described. We note uses of censuses for improving samples and of samples for improving censuses, and propose a method for cumulating data from 'rolling' (or rotating) periodic (weekly, monthly or quarterly) samples specifically designed to cover the population in detail over designed spans (annual and quinquennial)."     

Asian immigrants in Canada: some findings from 1981 census

Immigrant characteristics in Canada are analyzed using data from the 1981 census. "The purpose of this paper is to focus on Asian immigrants and to compare them with immigrants born in the United Kingdom, and also to compare them with Canadian-born persons with respect to age, sex, marital status composition, educational attainment, labour force participation, class of worker, occupation and income." (summary in FRE, SPA)     

Disruption in Parental Co-habitation and its Effects on Short-Term,Medium-Term,and Long-Term Outcomes of Adolescents

In this paper the relationships between a disruption in parental co-habitation and various categories of adolescent outcomes over multiple time horizons are explored. Using data from the National Longitudinal Study of Adolescent Health (Add Health), we estimated the effects of a change from living with both parents to just one, on academic and employment outcomes, the likelihood to indulge in risky behaviors, mental health outcomes and body mass index measures, from less than 1 year to over 14 years after the change. Propensity score matching methods were used to control for individual characteristics and pre-existing differences in the family environment that may increase the chances of separation, and the results are compared to those obtained using ordinary least squares or probit methods. Results showed evidence of adverse effects of living with one parent in the short term, medium term and long term. Adolescents living with one parent had lower academic achievement in all term lengths, poor mental health in the short to medium term, and were more likely to engage in risky behaviors in the medium to long term.     

Women in Upper Echelons of Management,Tenure and Legal Risk

Integrating risk, gender diversity and upper echelons literatures, we examine whether the presence of women in upper management (top management team (TMT) and board of directors (BOD)) and the tenure of TMTs and BODs are associated with the risk of lawsuits. An analysis of data from firms in the US retail industry shows that the presence of women in TMTs and BODs and the tenure of TMTs and BODs are negatively associated with legal risk, but longer tenured BODs with more women had a positive impact on lawsuits. Implications and suggestions for future research are offered.     

CONTESTS WITH DRAWS: AXIOMATIZATION AND EQUILIBRIUM

We introduce and axiomatize a class of single‐winner contest success functions that embody the possibility of a draw. We then analyze the game of contest that our success functions induce, having different prizes delivered in the occurrence of a win and a draw. We identify conditions for the existence and uniqueness of a symmetric interior Nash equilibrium and show that equilibrium efforts and equilibrium rent dissipation can be larger than in a Tullock contest (with no possibility of a draw) due to increased competition even if the draw‐prize is null. These results suggest that a contest designer may profit from introducing the possibility of a draw. Finally, we show that this approach naturally extends to multiprize contests with multiple draws across different subsets of the set of players. (JEL C72, D72, D74)     

Supply Chain Consequences of Subsidies for Corporate Social Responsibility

The use of government incentives tied to market prices as means of boosting corporate social responsibility (CSR) has expanded notably in recent decades. Enhanced business tax deductions for charitable donations and credits for conservation easements are notable cases. While providing incentives for socially desirable behavior to achieve legislative goals has intuitive appeal, the broader economic consequences are not always fully understood. In this study, we examine such wider consequences for supply chains when subsidies for CSR are offered. One effect we identify is that since incentives are typically tied to market value, firms have not only an added incentive to achieve societal objectives (say by donating inventory) but also an incentive to raise output (retail) market prices. A second consequence is that since firms forgo potential revenues by engaging in socially desired behavior, they become increasingly sensitive to supplier pricing; in an uncoordinated supply chain this leads to input (wholesale) price concessions. Among other things, the results underscore that incentives put in place to meet broader societal objectives also have notable ramifications for suppliers, retailers, and consumers in primary markets.     

On some consistent tests of mutual independence among several random vectors of arbitrary dimensions

Statistics and Computing - Testing for mutual independence among several random vectors is a challenging problem, and in recent years, it has gained significant attention in statistics and machine...