Why are older pensioners poorer?
The relationship between age and income in the UK was examined among men above 65 years of age. The reasons behind the negative correlation was then examined via a long time-series of cross-sectional datasets by initially considering the variations between cohorts, followed by an investigation of the possible influence of differential mortality. The results provided strong evidence that the economic discrepancy for older male pensioners is largely attributable to cohort effects, with time series income increasing with age due to differential mobility.
Publication Name: Oxford Bulletin of Economics & Statistics
Does inflation exaggerate the equity premium?
Pooled cross-section and time-series analysis of data pertaining to equity premium from different countries from 1874 onwards, to examine relation between equity risk premium and inflation, is presented.
Publication Name: Journal of Economic Studies
Inflation targeting and the stationarity of inflation: new results from an Estar unit root test
A time-series analysis of the inflation targeting practices of seven countries, using Estar unit root test, is presented.
Publication Name: Bulletin of Economic Research
- Abstracts: Optimal target zones: how an exchange rate mechanism can improve upon discretion. Repeated real options: optimal investment behaviour and a good rule of thumb
- Abstracts: Do self-fulfilling expectations of currency devaluation improve the balance of payments. The endogeneity of optimum currency area criteria u lessons from history for European monetary union
- Abstracts: Egypt's water supply: demand for pollution control and purification equipment. part 2 Kuwait's medical equipment market: procurement procedures
- Abstracts: Spatial evolution of population and industry in the United States. Strategic differentiation and strategic emulation in games with uncertainty
- Abstracts: Robust control of forward-looking models. The role of preference shocks and capital utilization in the Great Depression