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Belief Elicitation in Experiments: Is there a Hedging Problem?

Blanco, Mariana; Engelmann, Dirk; Koch, Alexander K.; … - Institute for the Study of Labor (IZA) - 2008

existing belief elicitation results, (ii) can we avoid potential hedging confounds? Our results instill confidence regarding … both issues. We propose an experimental design that eliminates hedging opportunities, and use this to test for the … empirical relevance of hedging effects in the lab. We find no evidence for hedging, comparing the standard “hedging …

Persistent link: https://www.econbiz.de/10005761772

Educational Homogamy: Preferences or Opportunities?

Nielsen, Helena Skyt; Svarer, Michael - Institute for the Study of Labor (IZA) - 2006

Individuals match on length and type of education. We investigate whether the systematic relationship between educations of partners is explained by opportunities (e.g. low search frictions) or preferences (e.g. complementarities in household production or portfolio optimization). We find that...

Persistent link: https://www.econbiz.de/10005703755

Interpreting Prediction Market Prices as Probabilities

Wolfers, Justin; Zitzewitz, Eric - Institute for the Study of Labor (IZA) - 2006

While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...

Persistent link: https://www.econbiz.de/10005762416

Newborn Health and the Business Cycle: Is It Good to Be Born in Bad Times?

Aparicio Fenoll, Ainhoa; Gonzalez, Libertad - Institute for the Study of Labor (IZA) - 2014

We study the effect of the cycle on the health of newborn babies using 30 years of birth-certificate data for Spain. We …

Persistent link: https://www.econbiz.de/10010884258

Immigration and Labor Productivity: New Empirical Evidence for Spain

Nicodemo, Catia - Institute for the Study of Labor (IZA) - 2013

The purpose of this paper of this paper is to explore the immigration and productivity in Spain. We estimate the effect … of immigration on labor productivity from 2004 until 2008 for Spain. Using firms (SABI) and individuals data (Social …

Persistent link: https://www.econbiz.de/10010884345

Labour Market Dynamics in Spanish Regions: Evaluating Asymmetries in Troublesome Times

Sala, Hector; Trivín, Pedro - Institute for the Study of Labor (IZA) - 2013

The Spanish labour market disproportionately booms in expansions and bursts in recessions; meanwhile, its regions' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To examine this twofold feature, we apply Blanchard and Katz's...

Persistent link: https://www.econbiz.de/10011212754

Intergenerational Transmission of ‘Religious Capital’: Evidence from Spain

Brañas-Garza, Pablo; Neuman, Shoshana - Institute for the Study of Labor (IZA) - 2006

The paper examines intergenerational transmission of 'religious capital' from parents to their offspring, within an economic framework of a production function of 'religiosity' where parental inputs serve as factors of production. A sample of Catholic Spaniards who grew up in Catholic households...

Persistent link: https://www.econbiz.de/10005233775

Overeducation and Local Labour Markets in Spain

Ramos, Raul; Sanromá, Esteban - Institute for the Study of Labor (IZA) - 2011

spatial mobility in regional labour markets on overeducation in Spain. With this aim, we use microdata from the Spanish Budget …

Persistent link: https://www.econbiz.de/10009325417

Work, Risk and Health: Differences between Immigrants and Natives in Spain

Solé, Meritxell; Diaz-Serrano, Luis; Rodriguez … - Institute for the Study of Labor (IZA) - 2010

We analyze the impact of working and contractual conditions, particularly exposure to job risks, on the probability of acquiring a disability. We postulate a model in which this impact is mediated by the choice of occupation, with a level of risk associated to it. We assume this choice is...

Persistent link: https://www.econbiz.de/10008742955

Remittances and Portfolio Values: An Inquiry Using Spanish Immigrants from Africa, Europe and the Americas

Amuedo-Dorantes, Catalina; Pozo, Susan - Institute for the Study of Labor (IZA) - 2012

Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values. This behavior suggests that immigrants are sophisticated economic optimizers who take advantage of opportunities to invest trans-nationally given the networks that immigrants are...

Persistent link: https://www.econbiz.de/10010757343