This article reviews the characteristics of different social security systems. Many configurations arise depending on the nature of a system's funding and determination of benefits.
The authors extend earlier models of economic growth and development by exploring the effect of economic freedom on U.S. state employment growth. They find that states with greater economic freedom"”defined as the protection of private property and private markets operating with minimal government interference"”experienced greater rates of employment growth.
This paper presents empirical evidence on the efficacy of forecast averaging using the ALFRED (ArchivaL Federal Reserve Economic Data) real-time database. The authors consider averages over a variety of bivariate vector autoregressive models.
This article documents the massive increase in trading in commodity derivatives over the past decade"”growth that far outstrips the growth in commodity production and the need for derivatives to hedge risk by commercial producers and users of commodities.