MODERATOR SPRAGUE: Those of you who were here this morning are familiar with the forms and faces of our panelists this afternoon. I am moderator or chairman, and Mr. Dewey Barrett recently said that the position of a chairman is that of a minor official at the bull fight who opened and closed the gates to let the bull in and out. Well, at least like the Portuguese bull fighter we will let the b...

M/O)DERATOR TLOiIs N. KATZ (Chicago, Ill.): Before I call upon my colleagues I wish to make a few introductory remarks. We as physicians must view heart disease in all its ramifications. Heart disease is primarily a chronic process. The problem is more than the immediate alleviation of acute exa(erbations of the disease, involving a temporary sojourn in the acute hospital, or its equivalent at ...

According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. This argument applies especially to housing consumption, whereas other consumption expenditures may fall when home production substitutes them (given higher leisure after retirement). Using micro panel data for German tenants we find that income drops at entering retirement...

Executive Compensation, Firm Performance, and Chaebols in Korea: Evidence from New Panel Data This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm performance ...

We test for the long-term impact of experiencing “prosperity in youth” (PIY) on nontraditional category consumption. Using unique twenty-year panel data of individuals from nine Chinese provinces with varying levels of per-capita GDP and rates of per-capita GDP growth, we find robust evidence for the PIY effect. We find both a direct effect of one’s own prosperity and an indirect effect of the ...

In this paper we examine the effect of family structure on children’s educational outcomes by exploiting the sibling structure in the NLSY and NLSY-Child to control for unobserved heterogeneity across families and individuals. We also compare outcomes for children within the same family—stepchildren with their half-siblings in the same blended family who are the biological children of both pare...

This panel highlights a selection of the most interesting and provocative papers from the 2002 New Security Paradigms Workshop. This workshop was held September 2002 the URL for more information is . The panel consists of authors of the selected papers, and the session is moderated by the workshop’s general chairs. We present selected papers focusing on exciting major theme...

This paper empirically examines the extent to which organization characteristics promote the diffusion of pollution prevention technologies within a firm (parent company). We use panel data on more than 5000 facilities reporting to the Toxics Release Inventory over the period of 1991 to 2011 to examine the number of pollution prevention technologies adopted by a facility with respect to its siz...

We argue that the welfare inferences drawn from answers to subjective-qualitative survey questions are clouded by concerns over the structure of measurement errors and how latent psychological factors influence observed respondent characteristics. We propose a panel data model that allows more robust tests and we estimate the model on a high-quality survey for Russia. We find significant income...

This paper presents new evidence on the relationship between corruption and income inequality. Using a panel data methodology, we find that lower corruption is associated with higher income inequality in Latin America. This result is in contrast to other empirical studies but it makes sense in Latin America for a number of reasons. The finding of an inverse relationship between inequality and c...