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In a model with private information of the worker about her ability and unobservable effort choice, the role of public … information rent if the employment exchange is inefficient and the employer chooses not to use the private agency. -- principal …
Persistent link: https://www.econbiz.de/10009658470
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The OECD’s dataset on socio-demographic information accompanying the distributional information presents socio … distributional information on household income, consumption and saving. For the income quintiles, this concerns breakdowns of … education level. For the breakdowns according to household type and main source of income, it only concerns information on the …
Persistent link: https://www.econbiz.de/10013525367
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The breakdown of transactions and positions by counterpart sector enriches the information as included in the financial …
Persistent link: https://www.econbiz.de/10013526620
The aim of this paper is to provide an alternative way of specification and estimation of a labor supply model. The proposed estimation procedure can be included in the so called predicted wage methods and its main interest is twofold. First, under standard assumptions in studies of labor...
Persistent link: https://www.econbiz.de/10009578581
We consider an additive model with second order interaction terms. It is shown how the components of this model can be estimated using marginal integration, and the asymptotic distribution of the estimators is derived. Moreover, two test statistics for testing the presence of interactions are...
Persistent link: https://www.econbiz.de/10009574875
We show in the paper that the decomposition proposed by Beveridge and Nelson (1981) for models that are integrated of order one can be generalized to seasonal Arima models by means of a partial fraction decomposition. Two equivalent algorithms are proposed to optimally (in the mean squared...
Persistent link: https://www.econbiz.de/10009577456
find that the volatility depends on either the interest rate level or information shocks but not on both. Finally, we …
Persistent link: https://www.econbiz.de/10009578570