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Aggregation in Large Dynamic Panels
Pesaran, Hashem; Chudik, Alexander - Institute for the Study of Labor (IZA) - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ‘observed’ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …
Persistent link: https://www.econbiz.de/10008839293
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Comparing Real Wage Rates
Ashenfelter, Orley - Institute for the Study of Labor (IZA) - 2012
A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...
Persistent link: https://www.econbiz.de/10010884346
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World Income Inequality Databases: An Assessment of WIID and SWIID
Jenkins, Stephen P. - Institute for the Study of Labor (IZA) - 2014
This article assesses two secondary data compilations about income inequality – the World Income Inequality Database (WIIDv2c), and the Standardized World Income Inequality Database (SWIIDv4.0) which is based on WIID but with all observations multiply-imputed. WIID and SWIID are convenient and...
Persistent link: https://www.econbiz.de/10010959664
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The Toll Index: Innovation-based Economic Telemetry
Askitas, Nikos; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011
We present the operationalized Toll Index, which is a new type of early indicator for the German business cycle. We present the basic idea and document the power of the indicator for the purpose of nowcasting. The data will be regularly available at the IDSC, the data bank center of IZA and will...
Persistent link: https://www.econbiz.de/10009327832
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Memorandum: Erfolgsbedingungen empirischer Wirtschaftsforschung und empirisch gestuetzter wirtschafts- und sozialpolitischer Beratung
Hauser, Richard; Wagner, Gert G.; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 1998
Based on the hypothesis that microdata are of crucial importance for internationally competitiveeconomic research and scientific advice in economic and social policy, the authorsdevelop various proposals for an improved data supply for empirical work in Germany. Present shortcomings are mainly...
Persistent link: https://www.econbiz.de/10005761947
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A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys
Fehr, Ernst; Fischbacher, Urs; von Rosenbladt, Bernhard; … - Institute for the Study of Labor (IZA) - 2003
Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...
Persistent link: https://www.econbiz.de/10005761956
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Consequences of Data Error in Aggregate Indicators: Evidence from the Human Development Index
Wolff, Hendrik; Chong, Howard; Auffhammer, Maximilian - Institute for the Study of Labor (IZA) - 2008
This paper examines the consequences of data error in data series used to construct aggregate indicators. Using the most popular indicator of country level economic development, the Human Development Index (HDI), we identify three separate sources of data error. We propose a simple statistical...
Persistent link: https://www.econbiz.de/10005703615
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Measuring Globalization
Andersen, Torben M.; Herbertsson, Tryggvi Thor - Institute for the Study of Labor (IZA) - 2003
The multivariate technique of factor analysis is used to combine several indicators of economic integration and international transactions into a single measure or index of globalization. The index is an alternative to the simple measure of openness based on trade, and it produces a ranking of...
Persistent link: https://www.econbiz.de/10005703763
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Regionalism in West Africa: Do Polar Countries Reap the Benefits? A Role for Migration
Konseiga, Adama - Institute for the Study of Labor (IZA) - 2005
In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on...
Persistent link: https://www.econbiz.de/10005822635
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Google Econometrics and Unemployment Forecasting
Askitas, Nikos; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10005004554