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Citations for "When is growth pro-poor? Evidence from a panel of countries"

by Kraay, Aart

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  1. Alessandra Cepparulo & Juan C. Cuestas & Maurizio Intarglia, 2015. "Financial development, institutions and poverty alleviation: an empirical analysis," NCID Working Papers 01/2015, Navarra Center for International Development, University of Navarra.
  2. Ghani, Ejaz & Iyer, Lakshmi & Mishra, Saurabh, 2013. "Promoting Shared Prosperity in South Asia," World Bank - Economic Premise, The World Bank, issue 110, pages 1-8, March.
  3. Amir, Hidayat & Asafu-Adjaye, John & Ducpham, Tien, 2013. "The impact of the Indonesian income tax reform: A CGE analysis," Economic Modelling, Elsevier, vol. 31(C), pages 492-501.
  4. Nobuhiko Fuwa & Arsenio M. Balisacan & Fabrizio Bresciani, 2011. "In Search of a Strategy for Making Growth More Pro-Poor in the Philippines," UP School of Economics Discussion Papers 201110, University of the Philippines School of Economics.
  5. Hanjra, Munir A. & Ferede, Tadele & Gutta, Debel Gemechu, 2009. "Reducing poverty in sub-Saharan Africa through investments in water and other priorities," Agricultural Water Management, Elsevier, vol. 96(7), pages 1062-1070, July.
  6. Flaviana Palmisano & Dirk Van de gaer, 2016. "History-dependent growth incidence: a characterization and an application to the economic crisis in Italy," Oxford Economic Papers, Oxford University Press, vol. 68(2), pages 585-603.
  7. Marek Kosny, 2011. "Relative affluence measures and an identification of growth pattern," Working Papers 230, ECINEQ, Society for the Study of Economic Inequality.
  8. Muller, Adrian, 2006. "Clarifying Poverty Decomposition," Working Papers in Economics 217, University of Gothenburg, Department of Economics, revised 17 Nov 2008.
  9. Hosnieh Mahoozi, 2016. "Growth elasticity of monetary and non-monetary poverty: an application to Iran," Working Papers 403, ECINEQ, Society for the Study of Economic Inequality.
  10. Olinto, Pedro & Lara Ibarra, Gabriel & Saavedra-Chanduvi, Jaime, 2014. "Accelerating poverty reduction in a less poor world : the roles of growth and inequality," Policy Research Working Paper Series 6855, The World Bank.
  11. David Dollar & Tatjana Kleineberg & Aart Kraay, 2015. "Growth, inequality and social welfare: cross-country evidence," Economic Policy, CEPR;CES;MSH, vol. 30(82), pages 335-377.
  12. Ulimwengu, John M., 2009. "Farmers' health status, agricultural efficiency, and poverty in rural Ethiopia: A stochastic production frontier approach," IFPRI discussion papers 868, International Food Policy Research Institute (IFPRI).
  13. Fiona Tregenna, 2012. "What are the distributional implications of halving poverty in South Africa when growth alone is not enough?," Applied Economics, Taylor & Francis Journals, vol. 44(20), pages 2577-2596, July.
  14. Francisco H. G. Ferreira & Shaohua Chen & Andrew Dabalen & Yuri Dikhanov & Nada Hamadeh & Dean Jolliffe & Ambar Narayan & Espen Beer Prydz & Ana Revenga & Prem Sangraula & Umar Serajuddin & Nobuo Yosh, 2016. "A global count of the extreme poor in 2012: data issues, methodology and initial results," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 14(2), pages 141-172, June.
  15. Vito Peragine & Flaviana Palmisano & Paolo Brunori, 2014. "Economic Growth and Equality of Opportunity," World Bank Economic Review, World Bank Group, vol. 28(2), pages 247-281.
  16. Sami Bibi, 2006. "Growth with Equity is Better for the Poor," Cahiers de recherche 0640, CIRPEE.
  17. Klasen, Stephan, 2008. "Economic Growth and Poverty Reduction: Measurement Issues using Income and Non-Income Indicators," World Development, Elsevier, vol. 36(3), pages 420-445, March.
  18. Misselhorn, Mark & Klasen, Stephan, 2006. "Determinants of the Growth Semi-Elasticity of Poverty Reduction," Proceedings of the German Development Economics Conference, Berlin 2006 15, Verein für Socialpolitik, Research Committee Development Economics.
  19. Ravallion, Martin, 2010. "The Developing World's Bulging (but Vulnerable) Middle Class," World Development, Elsevier, vol. 38(4), pages 445-454, April.
  20. Richard Bluhm & Denis de Crombrugghe & Adam Szirmai, 2016. "Poverty Accounting. A fractional response approach to poverty decomposition," Working Papers 413, ECINEQ, Society for the Study of Economic Inequality.
  21. Christiaensen, Luc & Demery, Lionel & Kuhl, Jesper, 2011. "The (evolving) role of agriculture in poverty reduction--An empirical perspective," Journal of Development Economics, Elsevier, vol. 96(2), pages 239-254, November.
  22. Loayza, Norman V. & Raddatz, Claudio, 2010. "The composition of growth matters for poverty alleviation," Journal of Development Economics, Elsevier, vol. 93(1), pages 137-151, September.
  23. Prados de la Escosura, Leandro, 2006. "Growth, inequality, and poverty in Spain, 1850-2000: evidence and speculation," IFCS - Working Papers in Economic History.WH wp06-04, Universidad Carlos III de Madrid. Instituto Figuerola.
  24. Tom Van Ourti & Eddy Van Doorslaer & Xander Koolman, 2006. "The Effect of Growth and Inequality in Incomes on Health Inequality: Theory and Empirical Evidence from the European Panel," Tinbergen Institute Discussion Papers 06-108/3, Tinbergen Institute.
  25. Claudio A. Agostini & Philip H. Brown, 2011. "Cash Transfers And Poverty Reduction In Chile," Journal of Regional Science, Wiley Blackwell, vol. 51(3), pages 604-625, 08.
  26. Arias-Vazquez , Francisco Javier & Lee, Jean N. & Newhouse, David, 2012. "The role of sectoral growth patterns in labor market development," Policy Research Working Paper Series 6250, The World Bank.
  27. Kunal Sen, 2014. "Inclusive Growth: When May We Expect It? When May We Not?," Asian Development Review, MIT Press, vol. 31(1), pages 136-162, March.
  28. Ferreira, Francisco H.G. & Leite, Phillippe G. & Ravallion, Martin, 2010. "Poverty reduction without economic growth?: Explaining Brazil's poverty dynamics, 1985-2004," Journal of Development Economics, Elsevier, vol. 93(1), pages 20-36, September.
  29. Montalvo, Jose G. & Ravallion, Martin, 2010. "The pattern of growth and poverty reduction in China," Journal of Comparative Economics, Elsevier, vol. 38(1), pages 2-16, March.
  30. Md Ashiq Iqbal, 2008. "Macroeconomic Implications of Social Safety Nets in the Context of Bangladesh," Macroeconomics Working Papers 22289, East Asian Bureau of Economic Research.
  31. Humberto López & Luis Servén, 2015. "Too Poor to Grow," Central Banking, Analysis, and Economic Policies Book Series,in: Ricardo J. Caballero & Klaus Schmidt-Hebbel (ed.), Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, edition 1, volume 21, chapter 13, pages 309-350 Central Bank of Chile.
  32. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2004. "Finance, inequality, and poverty: cross-country evidence," Policy Research Working Paper Series 3338, The World Bank.
  33. Francisco Ferreira, 2010. "Distributions in motion: Economic growth, inequality, and poverty dynamics," Working Papers 183, ECINEQ, Society for the Study of Economic Inequality.
  34. Md Ashiq Iqbal & Towfiqul Islam Khan & Tazeen Tahsina, 2008. "Macroeconomic Implications of Social Safety Nets in the Context of Bangladesh," CPD Working Paper 75, Centre for Policy Dialogue (CPD).
  35. Saari, M. Yusof & Dietzenbacher, Erik & Los, Bart, 2014. "Production interdependencies and poverty reduction across ethnic groups in Malaysia," Economic Modelling, Elsevier, vol. 42(C), pages 146-158.
  36. Fields, Gary S., 2007. "How much should we care about changing income inequality in the course of economic growth?," Journal of Policy Modeling, Elsevier, vol. 29(4), pages 577-585.
  37. Crombrugghe D.P.I. de & Szirmai A. & Bluhm R, 2014. "Poor trends - The pace of poverty reduction after the Millennium Development Agenda," MERIT Working Papers 006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  38. Rodolphe Desbordes & Gary Koop, 2014. "The Known Unknowns of Governance," Working Paper Series 38_14, The Rimini Centre for Economic Analysis.
  39. William Easterly, 2007. "Globalization, Poverty, and All That: Factor Endowment versus Productivity Views," NBER Chapters,in: Globalization and Poverty, pages 109-142 National Bureau of Economic Research, Inc.
  40. Christiaensen, Luc & Todo, Yasuyuki, 2014. "Poverty Reduction During the Rural–Urban Transformation – The Role of the Missing Middle," World Development, Elsevier, vol. 63(C), pages 43-58.
  41. Beck, Thorsten & Rahman, Md. Habibur, 2006. "Creating a more efficient financial system : challenges for Bangladesh," Policy Research Working Paper Series 3938, The World Bank.
  42. L. Alan Winters & Antonio Martuscelli, 2014. "Trade Liberalization and Poverty: What Have We Learned in a Decade?," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 493-512, October.
  43. Francesco Farina, 2016. "The Path Dependency of Poverty Reduction Policies," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2016(1), pages 21-42.
  44. Sami Bibi, 2005. "When is Economic Growth Pro-Poor? Evidence from Tunisia," Cahiers de recherche 0522, CIRPEE.
  45. Marek Ko?ny & Gastón Yalonetzky, 2015. "Relative Income Change and Pro-Poor Growth," LIS Working papers 648, LIS Cross-National Data Center in Luxembourg.
  46. B. Essama-Nssah & Peter J. Lambert, 2013. "Counterfactual decomposition of pro-poorness using influence functions," Working Papers 309, ECINEQ, Society for the Study of Economic Inequality.
  47. Martin Ravallion, 2005. "A poverty-inequality trade off?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 3(2), pages 169-181, August.
  48. Neil Lee & Paul Sissons, 2016. "Inclusive growth? The relationship between economic growth and poverty in British cities," Environment and Planning A, , vol. 48(11), pages 2317-2339, November.
  49. Markus Brueckner & Era Dabla Norris & Mark Gradstein, 2015. "National income and its distribution," Journal of Economic Growth, Springer, vol. 20(2), pages 149-175, June.
  50. Bussmann, Margit, 2009. "The Effect of Trade Openness on Women's Welfare and Work Life," World Development, Elsevier, vol. 37(6), pages 1027-1038, June.
  51. Ravallion, Martin, 2005. "Inequality is bad for the poor," Policy Research Working Paper Series 3677, The World Bank.
  52. Martín González-Rozada, Mirta Molinari and Mario Virgolini, 2008. "The Economic Impact of Smoke-Free Laws on the Sales of Bars and Restaurants in Argentina," Business School Working Papers 2008-03, Universidad Torcuato Di Tella.
  53. Easterly, William, 2009. "How the Millennium Development Goals are Unfair to Africa," World Development, Elsevier, vol. 37(1), pages 26-35, January.
  54. Martin Ravallion, 2012. "Why Don't We See Poverty Convergence?," American Economic Review, American Economic Association, vol. 102(1), pages 504-523, February.
  55. Birdsall, Nancy, 2007. "Reflections on the Macro Foundations of the Middle Class in the Developing World," Center for Global, International and Regional Studies, Working Paper Series qt4nt1n232, Center for Global, International and Regional Studies, UC Santa Cruz.
  56. Watanabe, Michio & Jinji, Naoto & Kurihara, Mitsuyo, 2009. "Is the development of the agro-processing industry pro-poor?: The case of Thailand," Journal of Asian Economics, Elsevier, vol. 20(4), pages 443-455, September.
  57. Buhong Zheng, 2011. "Consistent comparison of pro-poor growth," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 37(1), pages 61-79, June.
  58. Nobuhiko Fuwa & Arsenio M. Balisacan & Fabrizio Bresciani, 2015. "In Search of a Strategy for Making Growth More Pro-Poor in the Philippines," Asian Economic Papers, MIT Press, vol. 14(1), pages 202-226, March.
  59. T. M. Tonmoy Islam, 2016. "Estimating the Elasticity of Growth in the US Using the Generalized Means of Income," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(1), pages 95-112, October.
  60. Wu, Jyun-Yi & Hsu, Chih-Chiang, 2012. "Foreign direct investment and income inequality: Does the relationship vary with absorptive capacity?," Economic Modelling, Elsevier, vol. 29(6), pages 2183-2189.
  61. Mwangi S. Kimenyi, 2006. "Economic Reforms and Pro-Poor Growth: Lessons for Africa and other Developing Regions and Economies in Transition," Working papers 2006-02, University of Connecticut, Department of Economics.
  62. Housseima Guiga & Jaleleddine Ben Rejeb, 2012. "Poverty, Growth and Inequality in Developing Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 2(4), pages 470-479.
  63. Sarkar, Sandip, 2014. "Pro poor growth : a partial ordering approach," MPRA Paper 55851, University Library of Munich, Germany, revised 15 Jul 2013.
  64. Christina Wieser, 2011. "Determinants of the Growth Elasticity of Poverty Reduction. Why the Impact on Poverty Reduction is Large in Some Developing Countries and Small in Others," WIFO Working Papers 406, WIFO.
  65. Begum, Syeda Shahanara & Deng, Quheng & Gustafsson, Björn, 2012. "Economic growth and child poverty reduction in Bangladesh and China," Journal of Asian Economics, Elsevier, vol. 23(1), pages 73-85.
  66. Essama-Nssah, B., 2012. "Identification of sources of variation in poverty outcomes," Policy Research Working Paper Series 5954, The World Bank.
  67. Davis, Graham A. & Vásquez Cordano, Arturo L., 2013. "The fate of the poor in growing mineral and energy economies," Resources Policy, Elsevier, vol. 38(2), pages 138-151.
  68. Jaya Krishnakumar & Cristian Ugarte, 2011. "The effect of growth on poverty reduction," Research Papers by the Institute of Economics and Econometrics, Geneva School of Economics and Management, University of Geneva 11061, Institut d'Economie et Econométrie, Université de Genève.
  69. Kaisa Alavuotunki & Mika Haapanen & Jukka Pirttilä, 2017. "The Consequences of the Value-Added Tax on Inequality," CESifo Working Paper Series 6318, CESifo Group Munich.
  70. Barbier, Edward B. & Hochard, Jacob P., 2014. "Poverty and the spatial distribution of rural population," Policy Research Working Paper Series 7101, The World Bank.
  71. Shireen AlAzzawi, 2013. "Did Trade Liberalization Benefit Female Workers? Evidence on Wage and Employment Effects from Egypt," Working Papers 787, Economic Research Forum, revised Oct 2013.
  72. Higgins, Sean & Lustig, Nora, 2016. "Can a poverty-reducing and progressive tax and transfer system hurt the poor?," Journal of Development Economics, Elsevier, vol. 122(C), pages 63-75.
  73. Obert Pimhidzai & Nina Clare Fenton & Phonesaly Souksavath & Vilaysouk Sisoulath, 2014. "Poverty Profile in Lao PDR," World Bank Other Operational Studies 23023, The World Bank.
  74. Tsuruga, Ippei, 2015. "Chronic Poverty in Rural Cambodia: Quality of Growth for Whom?," Working Papers 104, JICA Research Institute.
  75. Francisco J. Beltran Tapia & Julio Martinez-Galarrage, 2015. "Inequality and poverty in a developing economy: Evidence from regional data (Spain, 1860-1930)," Working Papers 0078, European Historical Economics Society (EHES).
  76. Brian, McCaig, 2011. "Exporting out of poverty: Provincial poverty in Vietnam and U.S. market access," Journal of International Economics, Elsevier, vol. 85(1), pages 102-113, September.
  77. Onyeka K. Osuji & Ugochukwu L. Obibuaku, 2016. "Rights and Corporate Social Responsibility: Competing or Complementary Approaches to Poverty Reduction and Socioeconomic Rights?," Journal of Business Ethics, Springer, vol. 136(2), pages 329-347, June.
  78. Bluhm R & Crombrugghe D.P.I. de & Szirmai A., 2013. "The pace of poverty reduction - A fractional response approach," MERIT Working Papers 051, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  79. Lin Shu-Chin & Huang Ho-Chuan & Kim Dong-Hyeon & Yeh Chih-Chuan, 2009. "Nonlinearity between Inequality and Growth," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 13(2), pages 1-20, May.
  80. Asteriou, Dimitrios & Dimelis, Sophia & Moudatsou, Argiro, 2014. "Globalization and income inequality: A panel data econometric approach for the EU27 countries," Economic Modelling, Elsevier, vol. 36(C), pages 592-599.
  81. Deval Desai & Michael Woolcock, 2012. "The politics of rule of law systems in developmental states: 'political settlements' as a basis for promoting effective justice institutions for marginalized groups," Brooks World Poverty Institute Working Paper Series esid-008-12, BWPI, The University of Manchester.
  82. Benjamin Leo, 2010. "Who Are the MDG Trailblazers? A New MDG Progress Index," Working Papers id:2926, eSocialSciences.
  83. Facundo Alvaredo & Leonardo Gasparini, 2013. "Recent Trends in Inequality and Poverty in Developing Countries," CEDLAS, Working Papers 0151, CEDLAS, Universidad Nacional de La Plata.
  84. Ryan Edwards, 2015. "Is plantation agriculture good for the poor? Evidence from Indonesia's palm oil expansion," Departmental Working Papers 2015-12, The Australian National University, Arndt-Corden Department of Economics.
  85. Marek Kośny, 2012. "Relative Income Changes and an Identification of Growth Pattern," Working Papers 268, ECINEQ, Society for the Study of Economic Inequality.
  86. Stimpfle, Alexander & Stadelmann, David, 2015. "The Impact of Fundamental Development Factors on Different Income Groups: International Evidence," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113128, Verein für Socialpolitik / German Economic Association.
  87. Honohan, Patrick, 2005. "Banking sector crises and inequality," Policy Research Working Paper Series 3659, The World Bank.
  88. César Calderón and Eduardo Levy Yeyati, 2007. "Zooming in: From Aggregate Volatility to Income Distribution," Business School Working Papers 2007-03, Universidad Torcuato Di Tella.
  89. Sean Higgins & Nora Lustig, 2015. "Can Poverty-Reducing and Progressive Tax and Transfer System Hurt the Poor?," Commitment to Equity (CEQ) Working Paper Series 1333, Tulane University, Department of Economics.
  90. Van Ourti, Tom & van Doorslaer, Eddy & Koolman, Xander, 2009. "The effect of income growth and inequality on health inequality: Theory and empirical evidence from the European Panel," Journal of Health Economics, Elsevier, vol. 28(3), pages 525-539, May.
  91. Lopez, Humberto, 2006. "Did growth become less pro-poor in the 1990s ?," Policy Research Working Paper Series 3931, The World Bank.
  92. Perera, Liyanage Devangi H. & Lee, Grace H.Y., 2013. "Have economic growth and institutional quality contributed to poverty and inequality reduction in Asia?," MPRA Paper 52763, University Library of Munich, Germany.
  93. World Bank Group, 2015. "A Measured Approach to Ending Poverty and Boosting Shared Prosperity : Concepts, Data, and the Twin Goals," World Bank Publications, The World Bank, number 20384, September.
  94. repec:jda:journl:vol.51:year:2017:issue1:pp:343-359 is not listed on IDEAS
  95. World Bank, 2007. "Bangladesh : Strategy for Sustained Growth, Volume 1. Summary Report," World Bank Other Operational Studies 7765, The World Bank.
  96. Sheilla Nyasha Author-Name: Yvonne Gwenhure & Nicholas M. Odhiambo, 2017. "Poverty and Economic Growth in Ethiopia: A Multivariate Causal Linkage," Journal of Developing Areas, Tennessee State University, College of Business, vol. 51(1), pages 343-359, January-M.
  97. Kaisa Alavuotunki, & Jukka Pirttilä2, 2015. "The consequences of the value-added tax on inequality," WIDER Working Paper Series 111, World Institute for Development Economic Research (UNU-WIDER).
  98. Saari, M. Yusof & Rahman, M. Affan Abdul & Hassan, Azman & Habibullah, Muzafar Shah, 2016. "Estimating the impact of minimum wages on poverty across ethnic groups in Malaysia," Economic Modelling, Elsevier, vol. 54(C), pages 490-502.
  99. Melanie Khamis, 2005. "Crisis and Recovery in Argentina: Labor market, poverty, inequality and pro-poor growth dynamics," Ibero America Institute for Econ. Research (IAI) Discussion Papers 135, Ibero-America Institute for Economic Research.
  100. Dong‐Hyeon Kim & Ho‐Chuan Huang & Shu‐Chin Lin, 2011. "Kuznets Hypothesis In A Panel Of States," Contemporary Economic Policy, Western Economic Association International, vol. 29(2), pages 250-260, 04.
  101. Daniel Suryadarma & Asep Suryahadi, 2007. "The Impact of Private Sector Growth on Poverty Reduction : Evidence from Indonesia," Development Economics Working Papers 21914, East Asian Bureau of Economic Research.
  102. Dutz, Mark A. & O'Connell, Stephen D., 2013. "Productivity, innovation and growth in Sri Lanka : an empirical investigation," Policy Research Working Paper Series 6354, The World Bank.
  103. Begum, Syeda Shahanara & Deng, Quheng & Gustafsson, Björn Anders, 2011. "Economic Growth and Child Poverty Reduction in Bangladesh and China," IZA Discussion Papers 5929, Institute for the Study of Labor (IZA).
  104. Badiane, Ousmane & Ulimwengu, John, 2009. "The growth-poverty convergence agenda: Optimizing social expenditures to maximize their impact on agricultural labor productivity, growth, and poverty reduction in Africa," IFPRI discussion papers 906, International Food Policy Research Institute (IFPRI).
  105. Marek Kośny & Gastón Yalonetzky, 2015. "Relative income change and pro-poor growth," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 32(3), pages 311-327, December.
  106. Raymundo M. Campos Vázquez & Luis A. Monroy-Gómez-Franco, 2016. "La relación entre crecimiento económico y pobreza en México," Serie documentos de trabajo del Centro de Estudios Económicos 2016-01, El Colegio de México, Centro de Estudios Económicos.
  107. Saari, M. Yusof & Dietzenbacher, Erik & Los, Bart, 2016. "The impacts of petroleum price fluctuations on income distribution across ethnic groups in Malaysia," Ecological Economics, Elsevier, vol. 130(C), pages 25-36.
  108. Thorsten Beck & Asli Demirgüç-Kunt & Ross Levine, 2007. "Finance, inequality and the poor," Journal of Economic Growth, Springer, vol. 12(1), pages 27-49, March.
  109. Flaviana Palmisano, 2012. "The distributional incidence of growth: a non-anonymous and rank dependent approach," SERIES 0039, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jul 2012.
  110. Daria Mendola & Raffaele Scuderi & Valerio Lacagnina, 2013. "Defining and measuring the development of a country over time: a proposal of a new index," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(5), pages 2473-2494, August.
  111. Martin Ravallion, 2013. "The Idea of Antipoverty Policy," NBER Working Papers 19210, National Bureau of Economic Research, Inc.
  112. Klump, R. & Prüfer, P., 2006. "Prioritizing Policies for Pro-Poor Growth : Applying Bayesian Model Averaging to Vietnam," Discussion Paper 2006-117, Tilburg University, Center for Economic Research.
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