Showing 1 - 10 of 35
effects of macroeconomic conditions differ by age. Evidence is found that the wages of young men and men near retirement are …
Persistent link: https://www.econbiz.de/10005750771
This paper develops a model of individual adjustment subject to mistakes. In this case when mistakes are assumed i.i.d., this process produces a probability distribution of agents decision whose evolution is determined by Fokker-Planck equation. This distribution converges to the unique,...
Persistent link: https://www.econbiz.de/10005750808
Persistent link: https://www.econbiz.de/10005750824
Persistent link: https://www.econbiz.de/10005458631
We consider whether the introduction of the psychological concept of loss aversion into agents' preferences could generate a macroeconomic model in which changes in the money supply can have real, persistent effects. It is demonstrated that the macroeconomic implications of loss aversion depend...
Persistent link: https://www.econbiz.de/10005458643
wages if required to work alongside ethnic minority co-workers. Both hypotheses are clearly supported for white males in our …
Persistent link: https://www.econbiz.de/10005458667
The question we address in this paper is which factors influence the quitting decision of public sector teachers in England and Wales, using a nationally representative panel data set over 1997-2003. We document the outcomes of former teachers, fit single and competing-risks duration models and...
Persistent link: https://www.econbiz.de/10005458694
Persistent link: https://www.econbiz.de/10005574830
Research by Ghali (1999) tested for the existence of causality between wages and prices in United States' aggregate … specification leads to a different interpretation of the long-run dynamic relation between wages and prices. …
Persistent link: https://www.econbiz.de/10005574863
Australian National Health Survey we simultaneously examine the effects of drinking, smoking, eating and exercising on wages …
Persistent link: https://www.econbiz.de/10005574880