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OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has...
Persistent link: https://www.econbiz.de/10005083387
The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...
Persistent link: https://www.econbiz.de/10005755180
OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has...
Persistent link: https://www.econbiz.de/10005700510
In this paper we apply two statistical models to the measurement of polarization to Israeli income data over the past decade in order to empirically detect income classes as sub-populations of incomes concentrated around an optimal number of poles. The statistical models compared are a...
Persistent link: https://www.econbiz.de/10010983174
Why do some people think they will behave differently in the future? Building on research on dynamic inconsistency and age related preferences, this paper introduces the concept that inconsistent intertemporal preferences are directly related to age. In previous studies, standard socioeconomic...
Persistent link: https://www.econbiz.de/10011203164
Economics of discrimination has been the topic of interest of many in the last decade or two. Human capital theory describes wage determination as a function of labour human capital and should be determined based on marginal productivity theorem of labour economics. Islamic theology also...
Persistent link: https://www.econbiz.de/10009370686
endogeneity of migration through an instrumental variable estimation our empirical results show that international migration has a … the capital obtained from international migration only to overcome liquidity constraints for subsistence production … whereas migration itself seems to be the superior investment option compared to other productive activities such as livestock …
Persistent link: https://www.econbiz.de/10010886841
International migration not only enables individuals to earn higher wages but also exposes them to new environments … caregivers in migrant households. Using unique survey data from Moldova, we find that international migration raises parental … on GDP growth shocks in the destination countries and migration networks. We conclude that aspirations are a highly …
Persistent link: https://www.econbiz.de/10010886987
' interactions that explains how chain migration can lead to a breakdown of traditional caregiving structures while an opposing … data from Moldova and found to perform better than predictions of some established migration models. The empirical analysis … suggests that migration and staying in order to provide care are strategic complements for children of elderly parents in most …
Persistent link: https://www.econbiz.de/10010886997
This paper analyses the wage premia associated with workers' occupational use of foreign languages in Germany. After eliminating time-invariant unobserved heterogeneity and other confounding factors, sizable returns of about 10 percent to applying fluent English skills are found. Returns to...
Persistent link: https://www.econbiz.de/10010887011