http://repub.eur.nl/res/concept/jel-C00/ Recent publications classified by JEL Code C00 en http://repub.eur.nl/static-eur/img/logo.png http://repub.eur.nl http://repub.eur.nl/res/pub/37312/ 2012-06-13T00:00:00Z During the last decades, China has experienced double-digit economic growth rates and rising inequality. This paper implements a new decomposition on the China Health and Nutrition panel Survey (1991-2006) to examine the extent to which changes in level and distribution of incomes and in income mobility are related to health disparities between rich and poor. We find that health disparities in China relate to rising income inequality and in particular to the adverse health and income experience of older (wo)men, but not to the growth rate of average incomes over the last decades. These findings suggest that replacement incomes and pensions at older ages may be one of the most important policy levers in combating health disparities between rich and poor Chinese. Baeten, S.A. Ourti, T.G.M. van Doorslaer, E.K.A. van http://repub.eur.nl/res/pub/304/ 2003-03-31T00:00:00Z Nowadays there is an increasing tendency of visualizing data in favor of tables. An important advantage is that results can be derived more easily and interpretation is more direct. For example, the correlations of returns of stock market indices can be mapped by multidimensional scaling, separating closely related markets from less related markets. In this inaugural address, dynamic visualization is added as a new element to such maps. We discuss applications of this idea in interactively constructing a map, modeling changing correlations over time of stock exchanges by dynamic maps, and interactive construction of a map of the Dutch political parties. Combining visualization with interaction and dynamics provides an easier way to gain insight in complex data than using static visualization. Groenen, P.J.F. http://repub.eur.nl/res/pub/6876/ 2001-02-12T00:00:00Z Using US data from June 1984 to July 1999, we show that the impact of firm-specific characteristics like size and book-to-price on future excess stock returns varies considerably over time. The impact can be either positive or negative at different times. This time variation is partially predictable. We investigate whether the partial predictability signals security mispricing or risk compensation by formulating alternative modeling strategies. The strategies are compared empirically, In particular, we allow for a state-dependent choice of investment styles rather than a once-and-for-all choice for a particular style, for example based on high book-to-price ratios or small market cap values. Using alternative ways to correct for risk, we find significant and robust excess returns to style rotating investment strategies. Business cycle oriented approaches exhibit the best overall performance. Purely statistical models for style rotation or fixed investment styles reveal less robust behavior. Lucas, A. Dijk, R. van Kloek, T. http://repub.eur.nl/res/pub/12438/ 1989-01-01T00:00:00Z Haan, L.F.M. de Resnick, S. Rootzen, H. Vries, C.G. de