April 13, 2017

CSSRR Sociology–April 13, 2017

Filed under: S. NGO and Other Countries,Sociology — admin @ 3:40 pm


Central Statistics Office/An Phriomh-Oifig Staidrimh Statistical Release: “Marriages and Civil Partnerships, 2016,” (April 2017, HTML format).


CSSRR Health–April 13, 2017

Filed under: H. Other Reports, Articles,Health — admin @ 3:39 pm

Brookings Institute Report: “Mortality and morbidity in the 21st century,” by Anne Case and Sir Angus Deaton (April 2017, .pdf format, 59p.).


CSSRR Health–April 13, 2017

Filed under: H. NGO and Other Countries,Health — admin @ 3:38 pm


Australian Institute of Health and Welfare Report: “Impact of overweight and obesity as a risk factor for chronic conditions,” (April 2017, .pdf format, 64p.).


CSSRR Economics/Sociology–April 13, 2017


Statistics Canada/Statistique Canada Report: “Which Families Invest in Registered Education Savings Plans and Does It Matter for Postsecondary Enrolment?” by Marc Frenette (Analytical Studies Branch Research Paper No. 392, April 2017, .pdf and HTML format, 35p.).


CSSRR Economics–April 13, 2017

Filed under: E. NGO and Other Countries,Economics — admin @ 3:36 pm

Organization for Economic Co-operation and Development Monograph: Economic Survey of Japan 2017 (April 2017). Ordering information is available at the site:


Overview (.pdf format, 63p.):


CSSRR Economics–April 13, 2017

Filed under: E. Working Papers,Economics — admin @ 3:35 pm

Centro De Estudios Monetarios Y Financieros [Madrid, Spain] Working Papers:

[1710] “Managers and Productivity Differences,” by Nezih Guner, Andrii Parkhomenko, Gustavo Ventura.


We document that for a group of high-income countries (i) mean earnings of managers tend to grow faster than for non managers over the life cycle; (ii) the earnings growth of managers relative to non managers over the life cycle is positively correlated with output per worker. We interpret this evidence through the lens of an equilibrium life-cycle, span-of-control model where managers invest in their skills. We parameterize this model with U.S. observations on managerial earnings, the size-distribution of plants and macroeconomic aggregates. We then quantify the relative importance of exogenous productivity differences, and the size-dependent distortions emphasized in the misallocation literature. Our fi?ndings indicate that such distortions are critical to generate the observed differences in the growth of relative managerial earnings across countries. Thus, observations on the relative earnings growth of managers become natural targets to discipline the level of distortions. Distortions that halve the growth of relative managerial earnings (a move from the U.S. to Italy in our data), lead to a reduction in managerial quality of 27% and to a reduction in output of about 7% ? more than half of the observed gap between the U.S. and Italy. We ?find that cross-country variation in distortions accounts for about 42% of the cross-country variation in output per worker gap with the U.S.


[1709] “Testing Distributional Assumptions Using a Continuum of Moments,” by Dante Amengual, Marine Carrasco, and Enrique Sentana.


We propose specification tests for parametric distributions that compare theoretical and empirical characteristic functions. Our proposal is the continuum of moment conditions analogue to the usual overidentifying restrictions test, which takes into account the correlation between influence functions for different argument values. We derive its asymptotic distribution for fixed regularization parameter and when this vanishes with the sample size. We show its consistency against any deviation from the null, study its local power and compare it with existing tests. An extensive Monte Carlo exercise confirms that our proposed tests display good power in finite samples against a variety of alternatives.


[1708] “Normality Tests for Latent Variables,” by Tincho Almuzara, Dante Amengual, and Enrique Sentana.


We exploit the rationale behind the Expectation Maximization algorithm to derive simple to implement and interpret score tests of normality in the innovations to the latent variables in state space models against generalized hyperbolic alternatives, including symmetric and asymmetric Student ts. We decompose our tests into third and fourth moment components, and obtain one-sided likelihood ratio analogues, whose asymptotic distribution we provide. When we apply them to a cointegrated dynamic factor model which combines the expenditure and income versions of US aggregate real output to improve its measurement, we reject normality if the sample period extends beyond the Great Moderation.



Inter-American Development Bank Working Paper:


NEW: No. 786 “Skill Premium, Labor Supply and Changes in the Structure of Wages in Latin America,” by Manuel Fernandex and Julian Messina.

No. 792 “Ageing Poorly? Accounting for the Decline in Earnings Inequality in Brazil, 1995-2012,” by Francisco H.G. Ferreira, Sergio P. Firpo, and Julian Messina

No. 778 “In-Firm Training, Innovation and Productivity: The Case of Caribbean Small Island Developing States,” by Preeya Mohan, Eric Strobl, and Patrick Watson.

No. 777 “Stylized Facts about the Quantity and Quality of Parental Time Investments on the Skill Formation of Their Children,” by Javier Torres and Jorge M. Aguero.

No. 771 “Capital Requirements, Risk-Taking and Welfare in a Growing Economy,” by Pierre-Richard Agénor and Luiz A. Pereira da Silva.


World Bank Policy Research Programme: WBPR has recently released several new working papers. See the list at:


New papers are: WPS No. 8020-8027.

CSSRR Economics–April 13, 2017

Filed under: E. Working Papers,Economics — admin @ 3:33 pm

Federal Reserve Banks:

Federal Reserve Board Finance and Economic Discussion Series:


NEW: 2017-043 “The Display of Information and Household Investment Behavior,” by Maya Shaton.

2017-042 “Divest, Disregard, or Double Down?” by Brigitte Roth Tran.

2017-041 “Private Money Creation with Safe Assets and Term Premia,” by Sebastian Infante.

2017-040 “Employment Dynamics in a Signaling Model with Workers’ Incentives,” by Alison Weingarden.

2017-039 “Commodity prices and labour market dynamics in small open economies,” by Martin Bodenstein, Gunes Kamber, and Christoph Thoenissen.

2017-038 “The Effect of Central Bank Liquidity Injections on Bank Credit Supply,” by Luisa Carpinelli and Matteo Crosignani.

2017-037 “Monetary Policy and the Predictability of Nominal Exchange Rates,” by Martin Eichenbaum, Benjamin K. Johannsen, and Sergio Rebelo.

2017-036 “Reputation and Investor Activism,” by Travis L. Johnson and Nathan Swem.

2017-035 “The Household Expenditure Response to a Consumption Tax Rate Increase,” by David Cashin.

2017-034 “An Empirical Economic Assessment of the Costs and Benefits of Bank Capital in the US,” by Simon Firestone, Amy Lorenc and Ben Ranish.

2017-033 “Private and Public Liquidity Provision in Over-the-Counter Markets,” by David M. Arseneau, David E. Rappoport, and Alexandros P. Vardoulakis.

2017-032 “Where Credit is Due: The Relationship between Family Background and Credit Health,” by Sarena Goodman, Alice Henriques, and Alvaro Mezza.

2017-031 “Are Central Cities Poor and Non-White?” by Jenny Schuetz, Arturo Gonzalez, Jeff Larrimore, Ellen A. Merry, and Barbara J. Robles.


District 1: Federal Reserve Bank of Boston (Massachusetts):

NEW: Working Paper No. 16-31 “Does Changing Employers’ Access to Criminal Histories Affect Ex-Offenders’ Recidivism? Evidence from the 2010–2012 Massachusetts CORI Reform,” by Osborne Jackson and Bo Zhao.

Working Paper No. 16-30 “The Effect of Changing Employers’ Access to Criminal Histories on Ex-Offenders’ Labor Market Outcomes: Evidence from the 2010–2012 Massachusetts CORI Reform,” by Osborne Jackson and Bo Zhao.

Working Paper No. 16-29 “Who Counts as Employed? Informal Work, Employment Status, and Labor Market Slack Who Counts as Employed? Informal Work, Employment Status, and Labor Market Slack,” by Anat Bracha and Mary A. Burke.

Working Paper No. 16-28 “The Time-Varying Price of Financial Intermediation in the Mortgage Market The Time-Varying Price of Financial Intermediation in the Mortgage Market,” by Andreas Fuster, Stephanie Lo, and Paul S. Willen.

Working Paper No. 16-27 “Show Me the Money: The Monetary Policy Risk Premium Show Me the Money: The Monetary Policy Risk Premium,” by Ali K. Ozdagli and Mihail Velikov.


District 2: Federal Reserve Bank of New York (New York):


NEW: No. 810 “Interest Rate Conundrums in the Twenty-First Century,” by Samuel G. Hanson, David O. Lucca, and Jonathan H. Wright.

No. 809 “The Pre-Crisis Monetary Policy Implementation Framework,” by Alexander Kroeger, John McGowan, and Asani Sarkar.


District 3: Federal Reserve Bank of Philadelphia (Pennsylvania):


NEW: 17-09 “Endogenous/Exogenous Segmentation in the A-IRB Framework and the Pro-cyclicality of Capital: An Application to Mortgage Portfolios,” by José J. Canals-Cerda.

17-08 “Regime Shift and the Post-crisis World of Mortgage Loss Severities,” by Xudong An and Larry Cordell.

17-07 “Self-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal,” by Mark Aguiar, Satyajit Chatterjee, Harold Cole, and Zachary Stangebye.

17-06 “How Data Breaches Affect Consumer Credit,” by Vyacheslav Mikhed and Michael Vogan.

17-05 “Market Discipline in the Secondary Bond Market: The Case of Systemically Important Banks,” by Elyas Elyasiani and Jason M. Keegan.

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