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Why use debit instead of credit? : consumer choice in a trillion-dollar market

Zinman, Jonathan (contributor) - 2004 - [Elektronische Ressource]

Debit cards are overtaking credit cards as the most prevalent form of electronic payment at the point of sale, yet the determinants of a ubiquitous consumer choice - "debit or credit?" - have received relatively little scrutiny. Several stylized facts suggest that debit-card use is driven by...

Persistent link: https://www.econbiz.de/10002521756

The incentive effects of higher education subsidies on student effort

Şahin, Ayşegül (contributor) - 2004 - [Elektronische Ressource]

"This paper uses a game-theoretic model to analyze the disincentive effects of low-tuition policies on student effort. The model of parent and student responses to tuition subsidies is then calibrated using information from the National Longitudinal Survey of Youth 1979 and the High School and...

Persistent link: https://www.econbiz.de/10002521757

Why did the average duration of unemployment become so much longer?

Mukoyama, Toshihiko (contributor); … - 2004 - [Elektronische Ressource]

"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty years. First we analyze whether changes in the demographic composition of the U.S. labor force, particularly the age and gender composition, can explain this increase. We then...

Persistent link: https://www.econbiz.de/10002521759

Forecasting and estimating multiple change-point models with an unknown number of change points

Koop, Gary M. (contributor); Potter, Simon M. (contributor) - 2004 - [Elektronische Ressource]

"This paper develops a new approach to change-point modeling that allows for an unknown number of change points in the observed sample. Our model assumes that regime durations have a Poisson distribution. The model approximately nests the two most common approaches: the time-varying parameter...

Persistent link: https://www.econbiz.de/10002521761

Trading risk and volatility in interest rate swap spreads

Kambhu, John (contributor) - 2004 - [Elektronische Ressource]

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts. Specifically, we focus on convergence trading, in which...

Persistent link: https://www.econbiz.de/10001936329

Exchange rates and wages

Goldberg, Linda S. (contributor); … - 2001 - [Elektronische Ressource]. - Revised January 20 2001

Persistent link: https://www.econbiz.de/10001589683

Structural change in US wage determination

Rich, Robert W. (contributor); … - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001589687

Markov switching in disaggregate unemployment rates

Chauvet, Marcelle (contributor); Juhn, Chinhui (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001590063

Border effects and the availability of domestic products abroad

Evans, Carolyn L. (contributor) - 2001 - [Elektronische Ressource]

Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are actually traded between countries ("flow"), or (2)...

Persistent link: https://www.econbiz.de/10001591415

Menu costs at work : restaurant prices and the introduction of the Euro

Hobijn, Bart (contributor); Ravenna, Federico (contributor); … - 2004 - [Elektronische Ressource]

"Restaurant prices in the Euro area saw an unprecedented increase after the introduction of the Euro. We use an … costs. The extension we use involves the state-dependent decision of firms about when to adopt the Euro. Two main mechanisms … drive the result. First, our model concentrates otherwise staggered price increases around the introduction of the Euro …

Persistent link: https://www.econbiz.de/10002521760