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distribution of VAR impulse response estimators is undermined by the estimator’s bias. A natural conjecture is that impulse … estimators tend to have both higher bias and higher variance, resulting in pointwise impulse response confidence intervals that …
Persistent link: https://www.econbiz.de/10005666791
choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner …
Persistent link: https://www.econbiz.de/10005667058
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policy-maker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truth telling, we show that the...
Persistent link: https://www.econbiz.de/10005792547
This paper investigates, in a simplified macro context, the joint determination of the (incorrect) perceived model and the equilibrium. I assume that the model is designed by a self-interested economist who knows the true structural model, but reports a distorted one so as to influence outcomes....
Persistent link: https://www.econbiz.de/10009144736
illustrates the tight link between parameter identification and the scope for bias that is generated by the autocoherence …
Persistent link: https://www.econbiz.de/10009150948
This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …
Persistent link: https://www.econbiz.de/10005662039
We present a theoretical explanation of the gender wage gap that turns on the interaction between men and women in households. In equilibria where men are over-represented in full-time work, we show that firms rationally choose to hire women only at strictly lower wages to men. The model...
Persistent link: https://www.econbiz.de/10005791202
Since monetary union with West Germany on 1 July 1990, eastern female monthly wages have risen by 10 percentage points relative to male wages, but female employment has fallen 5 percentage points more than male employment. Using the German Socio-Economic Panel to study the years 1990–94, I...
Persistent link: https://www.econbiz.de/10005792446
This paper examines the hypothesis that the gender salary gap observed in the academic labour market is predominantly explained by the differing average characteristics of male and female academics and barriers to female promotion. Preliminary analysis reveals that the crowding of women onto the...
Persistent link: https://www.econbiz.de/10005792476