Showing 1 - 10 of 24
) score, grows with experience. If employers' learning varies significantly across occupations, both of these indicators of … learning should covary positively across groups defined by a worker's occupational assignment at labor market entry. This paper … tests this implication of the employer learning model using data from the NLSY and CPS. I find that occupations with high …
Persistent link: https://www.econbiz.de/10003974544
Classic economic theory predicts that markets will clear, leaving little or no gains from trade left on the table … efficiency is low. By the final round, efficiency rates are closer to theory. I find that individual characteristics of the … correlate with wealth levels two years after the experiment, suggesting that market prowess predicts lifetime outcomes. The …
Persistent link: https://www.econbiz.de/10010189845
This paper discusses the impact of a firm's technology portfolio on its market value. Two concepts are used to characterize a firm's portfolio: the number of technological fields and the degree of relatedness within the portfolio characterized by the amount of joint occurrences of patents in...
Persistent link: https://www.econbiz.de/10003726020
To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...
Persistent link: https://www.econbiz.de/10003818749
The Google Insights data are a collection of recorded Internet searches for a huge number of the keywords, which are available since January 2004. These searches represent a kind of revealed perceptions of Internet users, which are a (possibly not entirely representative) sample of the general...
Persistent link: https://www.econbiz.de/10003897268
In this paper a mixed-frequency VAR à la Mariano & Murasawa (2004) with Markov regime switching in the parameters is estimated by Bayesian inference. Unlike earlier studies, that used the pseuo-EM algorithm of Dempster, Laird & Rubin (1977) to estimate the model, this paper describes how to...
Persistent link: https://www.econbiz.de/10009579612
experiment into another, and to analyze how the preference for a certain alternative in a given choice situation affects the … individual’s preferences in another choice situation. The data for the analysis originates from two discrete choice experiment …
Persistent link: https://www.econbiz.de/10011392243
In structural vector autoregressive analysis identifying the shocks of interest via heteroskedasticity has become a standard tool. Unfortunately, the approaches currently used for modelling heteroskedasticity all have drawbacks. For instance, assuming known dates for variance changes is often...
Persistent link: https://www.econbiz.de/10010361372
Foundational to the discipline of management is the idea that organizational decisions are a function of expected outcomes; hence, the customary empirical approach to employ multivariate techniques that regress performance outcome variables on discrete measures of organizational choices (e.g.,...
Persistent link: https://www.econbiz.de/10010501252
We present a medium-term market equilibrium model of the North American crude oil sector via which we develop a scenario analysis to investigate strategies to mitigate the environmental and public-safety risks from crude-by-rail transportation across the United States. The model captures crude...
Persistent link: https://www.econbiz.de/10011479162