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Estimating the Smoothing Parameter in the So-Called Hodrick-Prescott Filter

Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2004

This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...

Persistent link: https://www.econbiz.de/10005703010

Rational Students and Resit Exams

Kooreman, Peter - Institute for the Study of Labor (IZA) - 2012

Resit exams – extra opportunities to do an exam in the same academic year – are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two...

Persistent link: https://www.econbiz.de/10010670825

Rationalizable Suicides: Evidence from Changes in Inmates' Expected Length of Sentence

Campaniello, Nadia; Diasakos, Theodoros; Mastrobuoni, … - Institute for the Study of Labor (IZA) - 2014

Is there a rational component in the decision to commit suicide? Economists have been trying to shed light on this question by studying whether suicide rates are related to contemporaneous conditions. This paper goes one step further: we test whether suicides are linked to forward-looking...

Persistent link: https://www.econbiz.de/10010884093

Does Intermarriage Pay Off? A Panel Data Analysis

Nottmeyer, Olga - Institute for the Study of Labor (IZA) - 2010

Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...

Persistent link: https://www.econbiz.de/10008532120

Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - Institute for the Study of Labor (IZA) - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task’s...

Persistent link: https://www.econbiz.de/10008532122

How Falsifiable is the Collective Model? A New Test with an Application to Monogamous and Bigamous Households in Burkina Faso

Dauphin, Anyck; Fortin, Bernard; Lacroix, Guy - Institute for the Study of Labor (IZA) - 2015

Collective rationality is seldom if ever rejected in the literature, raising doubt about its falsifiability. We show …, collective rationality within monogamous households is not rejected. Using our proposed test procedure, collective rationality is … however rejected for monogamous households. Furthermore, our test also rejects collective rationality for bigamous households …

Persistent link: https://www.econbiz.de/10011268877