Showing 1 - 10 of 71
In this paper, the authors develop a new estimation method that is suitable for censored models with two high-dimensional fixed effects and that is based on a sequence of least squares regressions, yielding significant savings in computing time and hence making it applicable to frameworks in...
Persistent link: https://www.econbiz.de/10010983179
This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...
Persistent link: https://www.econbiz.de/10009216276
In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily measure construction and technology busts) have little...
Persistent link: https://www.econbiz.de/10009216281
Because rational individuals know that they cannot always get what they want, they are assumed to make appropriate adjustments. However, little is known about trade-off reasoning in labor market mobility decision making. The objective of this paper is to analyze the effect of commuting on the...
Persistent link: https://www.econbiz.de/10008611547
-led engagement in non-agricultural activities would be inequality-decreasing through increasing the incomes of the poorer parts of … the population and would reduce poverty. Opportunity-led diversification, by contrast, would increase inequality and have … opportunity-led diversification. Yet, the poverty and inequality implications of the differently motivated diversification …
Persistent link: https://www.econbiz.de/10010956010
Inequality, bi-polarization and polarization are related but distinct concepts aiming at analysing the income … distribution. This paper first recalls the main differences between these three notions of inequality, bipolarization and … on inequality, bipolarization and polarization is analyzed via what is known as the Shapley de-composition and the …
Persistent link: https://www.econbiz.de/10010956034
-led. Survival-led diversification would decrease inequality by increasing the incomes of poorer households and thus reduce poverty …. By contrast, opportunity-led diversification would increase inequality and have a minor effect on poverty, as it tends to … diversification strategies. Yet, the poverty and inequality implications differ somewhat from our expectations. Our findings indicate …
Persistent link: https://www.econbiz.de/10005566206
This paper analyses changes in income portfolios of rural households and its determinants for the case of Ghana in the 1990s. Our analysis shows that, contrary to common beliefs, rural Ghana has seen major economic transformation, as households increasingly diversify their livelihoods by both...
Persistent link: https://www.econbiz.de/10010982867
association of reduction of income inequality (redistribution) with subjective wellbeing. Their results provide evidence that … people in Europe are negatively affected by income inequality, whereas reduction of inequality has a positive effect on well …-being. Since the authors simultaneously estimate the effects of income inequality and its reduction, their results indicate that …
Persistent link: https://www.econbiz.de/10010983176
correlations with a Big Five personality measure and is correlated with actual risk-taking behaviour. The results suggest that the …
Persistent link: https://www.econbiz.de/10010886955