{"title":"Marriage, Fertility, and Women’s Agency in Tunisia","authors":"S. Ghazouani, R. Assaad, C. Krafft","doi":"10.1093/OSO/9780198799863.003.0007","DOIUrl":"https://doi.org/10.1093/OSO/9780198799863.003.0007","url":null,"abstract":"Three important interconnected spheres shape women’s lives in Tunisia: marriage, fertility, and agency over their lives and those of their families. This chapter focuses on the forces that shape women’s choices and the patterns of their lives and how these choices and patterns have evolved over time. Specifically, the chapter examines marriage decisions, such as whether and at what age women marry, and what living arrangements they adopt at marriage. We also investigate the crucial decisions women and their husbands make vis-à-vis procreation, along with fertility correlates, such as age and education level. Finally, we examine the scope of women’s agency over a variety of decisions, as well as the links between women’s employment and marital status. Relying on the Tunisia Labor Market Panel Survey (TLMPS) 2014 data, this chapter highlights differences between urban and rural areas, different regions in Tunisia, and across women of different socio-economic statuses.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128247639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Composition of Labor Supply and Unemployment in Tunisia","authors":"R. Assaad, S. Ghazouani, C. Krafft","doi":"10.2139/ssrn.3868336","DOIUrl":"https://doi.org/10.2139/ssrn.3868336","url":null,"abstract":"This chapter examines labor supply in Tunisia in relation to key demographic characteristics such as age, sex, educational attainment, and residence. It also reviews unemployment in Tunisia over time and examines its demographic and educational patterns. The analysis is primarily based on data from the first wave of the Tunisia Labor Market Panel Survey carried out in 2014 (TLMPS 2014), but also uses data from the Tunisian National Survey of Population and Employment (ENPE) and other sources to examine the evolution of labor supply and unemployment over time. We identify important developments in the labor market relating to the youth bulge and the explosive growth of educational attainment in Tunisia in recent years.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"162 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115714645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mario Arturo Ruiz Estrada, Evangelos Koutronas, Alam Khan, Baskaran Angathevar
{"title":"Economic Dynamics of Territorial Military Conflicts: The Case of Kashmir","authors":"Mario Arturo Ruiz Estrada, Evangelos Koutronas, Alam Khan, Baskaran Angathevar","doi":"10.2139/ssrn.3102745","DOIUrl":"https://doi.org/10.2139/ssrn.3102745","url":null,"abstract":"This paper intends to establish conceptual foundations of analyzing the economic dimensions of warfare. The Post-War Final Economic Damage Simulator (PFEDS) attempts to estimate the heterogeneous macroeconomic effects of a potential military conflict. The model suggests nine different indicators: (i) the territorial dispute tension, ∆T; (ii) the territorial dispute strategy, Sn; (iii) warfare dimension, Ak; (iv) warfare losses, -π, (v) warfare economic leaking, -Ψ, (vi) warfare economic desgrowth, -δw; (vii) the post-war economic damage, -Π; (viii) the post-war reconstruction plan, Rt; (ix) and the Mega-Disk Networks Analysis. The model investigates the territorial dispute between India and Pakistan (1946-2016) about Kashmir.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126005389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Lifetime PD Analytics for Credit Portfolios: A Survey","authors":"V. Brunel","doi":"10.2139/ssrn.2857183","DOIUrl":"https://doi.org/10.2139/ssrn.2857183","url":null,"abstract":"The recent publication of the IFRS 9 norms has emphasized the fact that a shared and comprehensive methodology for PD analytics on credit portfolios was still lacking. Credit risk assessment is often static and short term because the industry has focused on assessing risk over a one year horizon, pushed forward this way by common practices and by the regulatory framework. Dynamic aspects are crucial though. IFRS 9 requirements raise new issues regarding dynamic and long term risk assessment. Plenty of information is available for calibrating PD curves (scores, risk classes, risk class migrations, observed defaults, delinquencies...) and there is a large set of statistical methods at hand as well. This paper surveys the main the available models for PD analytics and focuses on retail portfolios analytics because, contrary to the case of wholesale portfolios, no consensus has emerged yet on the way to calibrate lifetime PDs for retail exposures.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126698840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can Power Be Restored in the Electric City? A Case Study of Scranton, Pennsylvania","authors":"Eileen Norcross, Adam A. Millsap","doi":"10.2139/ssrn.3191320","DOIUrl":"https://doi.org/10.2139/ssrn.3191320","url":null,"abstract":"Like many former industrial cities, Scranton is struggling. A 75-year population decline has eroded its tax base, and city officials have been unable to control costs — a combination that threatens to bankrupt the city. Scranton was classified as a distressed municipality under Pennsylvania Act 47 in 1992, yet nearly 25 years later its problems remain. This study analyzes the economic, fiscal, and political factors that contributed to Scranton’s decline and that have prevented it from recovering. It is a study in economic and fiscal forensics that provides lessons for other municipalities. We conclude by offering several recommendations to improve Scranton’s finances and economic outlook.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117189075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Rank Effect for Commodities","authors":"Ricardo T. Fernholz, Christoffer Koch","doi":"10.24149/wp1607","DOIUrl":"https://doi.org/10.24149/wp1607","url":null,"abstract":"We uncover a large and significant low-minus-high rank effect for commodities across two centuries. There is nothing anomalous about this anomaly, nor is it clear how it can be arbitraged away. Using nonparametric econometric methods, we demonstrate that such a rank effect is a necessary consequence of a stationary relative asset price distribution. We confirm this prediction using daily commodity futures prices and show that a portfolio consisting of lower-ranked, lower-priced commodities yields 23% higher annual returns than a portfolio consisting of higher-ranked, higher-priced commodities. These excess returns have a Sharpe ratio nearly twice as high as the U.S. stock market yet are uncorrelated with market risk. In contrast to the extensive literature on asset pricing factors and anomalies, our results are structural and rely on minimal and realistic assumptions for the long-run properties of relative asset prices.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128992290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fantasy and Dread: The Demand for Information and the Consumption Utility of the Future","authors":"Ananda Ganguly, Joshua Tasoff","doi":"10.1287/mnsc.2016.2550","DOIUrl":"https://doi.org/10.1287/mnsc.2016.2550","url":null,"abstract":"We present evidence that intrinsic demand for information about the future is increasing in expected future consumption utility. In the first experiment, subjects may resolve a lottery now or later. The information is useless for decision making but the larger the reward, the more likely subjects are to pay to resolve the lottery early. In the second experiment subjects may pay to avoid being tested for HSV-1 and the more highly feared HSV-2. Subjects are three times more likely to avoid testing for HSV-2, suggesting that more aversive outcomes lead to more information avoidance. In a third experiment, subjects make choices about when to get tested for a fictional disease. Some subjects behave in a way consistent with expected utility theory and others exhibit greater delay of information for more severe diseases. We also find that information choice is correlated with positive affect, ambiguity aversion, and time preference as some theories predict.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"105 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134538022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Capital Outflow from the Russian Economy: Applying a Factor Analysis","authors":"A. Belov, M. A. Isakov, E. Markovskaya","doi":"10.2139/ssrn.2639376","DOIUrl":"https://doi.org/10.2139/ssrn.2639376","url":null,"abstract":"The primary goal of this article is to investigate and compare the impact of economic and non-economic factors on the capital outflows from Russia. Many recent studies in Russia have focused on studying the impact of economic factors on capital outflow. However, few studies in Russia evaluate and explain the impact of non-economic factors on the volume of capital outflow. Therefore, the impact of the non-economic factors (for example, geopolitical or social) on capital flow is not fully understood. Our hypothesis is that some of them may have significantly affected this outflow. We define the main factors and evaluate their impact applying the factor analysis in our research. Our main result is that non-economic factors had an impact on the volume of capital outflow at the end of 2014.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114832480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Midas, Cassandra & the Buddha: Curing Delusional Growth Myopia by Focusing on Thriving","authors":"A. Sulkowski, S. Waddock","doi":"10.2139/SSRN.2542119","DOIUrl":"https://doi.org/10.2139/SSRN.2542119","url":null,"abstract":"This article discusses the problems of current measures of business and economic success and suggests an alternative approach. The mythological memes of Midas, Cassandra, and the Buddha are offered as a means to frame mindsets and to articulate a necessary shift in focus and reprioritization of key performance indicators.Indicators of well-being and technologies for eliminating negative environmental impacts exist. The key problem is that humanity – at every level – has its attention focused on delusional measures of success. A refocus onto measures of ecological and human thriving is an essential step – a sine qua non – for adjusting civilization, including business activity, such that it can survive into the 22nd Century and beyond.A key challenge is that financial growth metrics are deeply embedded in current systems and in the mindsets of people at all levels of current hierarchies. The goal of shifting mindsets and measures of success requires the engagement of many sectors of society, beginning with educational institutions and including managers in the private and public sectors. At the individual, firm, and societal levels, indicators of ecological health and human thriving must be elevated and treated as key measures of success. The stakes of current ecological and societal problems involve the lives and well-being of billions of people. The memes and metaphors discussed here provide a novel way to frame and discuss issues and solutions whose implementation are overdue and desperately needed at the individual, organizational, and collective levels.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132114248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Export-Led Growth in Tunisia: A Wavelet Filtering Based Analysis","authors":"Mohamed Essaied Hamrita","doi":"10.2139/ssrn.2374970","DOIUrl":"https://doi.org/10.2139/ssrn.2374970","url":null,"abstract":"In this paper, we use a wavelet filtering based approach to study the econometric relationship between exports, imports, and economic growth for Tunisia, using quarterly data for the period 1961:1-2007:4. GDP is used as a proxy for economic growth. We explore the interactions between these primary macroeconomic inputs in a co-integrating framework. We also study the direction of causality between the three variables, based on the more robust Toda-Yamamoto modified Wald (MWALD) test. The much-studied relationship between these three primary indicators of the economy is explored with the help of the wavelet multi-resolution filtering technique. Instead of an analysis at the original series level, as is usually done, we first decompose the variables using wavelet decomposition technique at various scales of resolution and obtain relationship among components of the decomposed series matched to its scale. The analysis reveals interesting aspects of the interrelationship among the three fundamental macroeconomic variables.","PeriodicalId":407431,"journal":{"name":"Claremont McKenna College Robert Day School of Economics & Finance Research Paper Series","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2013-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124966271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}