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practices between schools. Tentative analyses also indicate that counselors reduce students' uncertainty about their own … individual preferences at least to the same extent as uncertainty about objective measures such as employment prospects. …
Persistent link: https://www.econbiz.de/10010884073
mechanism to insure themselves against higher degrees of uncertainty within their host countries. Furthermore, this finding …
Persistent link: https://www.econbiz.de/10011279245
compare these optimal rules against plausible alternatives. Model uncertainty is shown to be a substantial problem; the …
Persistent link: https://www.econbiz.de/10005344946
episodes of very high uncertainty. First, we identify episodes of very high uncertainty using a regime-switching model. Second …, we assess the behaviour of macroeconomic and financial variables during these episodes of very high uncertainty. This … markets. We find that very high uncertainty episodes are associated with a weaker growth performance and sharp declines in …
Persistent link: https://www.econbiz.de/10010753752
it is due to greater uncertainty faced by agents. Applying the methodology of Cunha, Heckman, and Navarro (2005) to data … predictable and unpredictable components of earnings have increased in recent years. The increase in uncertainty is substantially … greater for unskilled workers. For less skilled workers, roughly 60% of the increase in wage variability is due to uncertainty …
Persistent link: https://www.econbiz.de/10005761726
This paper examines how employment protection legislation affects location decisions of multinationals. Based on a simple theoretical framework, we estimate an empirical model, using OECD-data on bilateral FDI-flows and employment protection indices. We find that, while an "unfavourable"...
Persistent link: https://www.econbiz.de/10005761849
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10005762210
This paper studies optimal discretionary monetary policy in the presence of uncertainty about the degree of financial … calibrated for the UK, following Bean, Larsen and Nikolov (2002). Uncertainty about the degree of financial frictions is modelled …
Persistent link: https://www.econbiz.de/10005816137
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i …) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii …
Persistent link: https://www.econbiz.de/10008558930
of religious behaviour towards "Theoi" in the laboratory. The theory we test is that, when faced with uncertainty …, individuals attempt to engage in a reciprocal contract with the source of uncertainty by sacrificing towards it. In our … uncertainty is lower. The findings imply that under circumstances of high uncertainty people are willing to sacrifice large …
Persistent link: https://www.econbiz.de/10008560752