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Selection and Historical Height Data: Evidence from the 1892 Boas Sample of the Cherokee Nation
Economists have increasingly turned to height data to gain insight into a population’s standard of living. Because height measures are used when other data is unavailable, testing their reliability can be difficult, and ...
Property tax capitalization in a model with tax-deferred assets, standard deductions, and the taxation of nominal interest
(MIT Press, 1999-02)
Previous property tax capitalization studies assume that families itemize, that they save in taxable assets, and that real interest income is taxed. However, many families do not itemize, many families invest in tax-deferred ...
Residential buildings and the cost of construction: new evidence on the efficiency of the housing market
(MIT Press, 1999-05)
Present value studies of asset market efficiency are controversial because they compare asset prices to unobserved discounted streams of future rents. As an alternative, if housing markets are efficient, then the price of ...
What does the yield curve tell us about exchange rate predictability?
(MIT Press, 2013-03)
Since the term structure of interest rates embodies information about future economic activity, we extract relative Nelson-Siegel (1987) factors from cross-country yield curve differences to proxy expected movements in ...