Showing 1 - 10 of 55
This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao, Pesaran, and Tahmiscioglu (2002) to the case where the errors are crosssectionally heteroskedastic. This extension is not trivial due to the incidental parameters problem that...
Persistent link: https://www.econbiz.de/10010552471
Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups – such as segregation, isolation or concentration indexes – are often only capable of identifying just one aspect of this distribution. The...
Persistent link: https://www.econbiz.de/10010786980
This paper addresses the selection of smoothing parameters for estimating the average treatment effect on the treated using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions containing the mass of the treated units, we define and...
Persistent link: https://www.econbiz.de/10005822100
Consider a setting where a treatment that starts at some point during a spell (e.g. in unemployment) may impact on the hazard rate of the spell duration, and where the impact may be heterogeneous across subjects. We provide Monte Carlo evidence on the feasibility of estimating the distribution...
Persistent link: https://www.econbiz.de/10008611306
practices between schools. Tentative analyses also indicate that counselors reduce students' uncertainty about their own … individual preferences at least to the same extent as uncertainty about objective measures such as employment prospects. …
Persistent link: https://www.econbiz.de/10010884073
with the hypothesis that illegal immigrants are risk-averse agents who transfer more money to their home country as a … mechanism to insure themselves against higher degrees of uncertainty within their host countries. Furthermore, this finding …
Persistent link: https://www.econbiz.de/10011279245
it is due to greater uncertainty faced by agents. Applying the methodology of Cunha, Heckman, and Navarro (2005) to data … predictable and unpredictable components of earnings have increased in recent years. The increase in uncertainty is substantially … greater for unskilled workers. For less skilled workers, roughly 60% of the increase in wage variability is due to uncertainty …
Persistent link: https://www.econbiz.de/10005761726
This paper examines how employment protection legislation affects location decisions of multinationals. Based on a simple theoretical framework, we estimate an empirical model, using OECD-data on bilateral FDI-flows and employment protection indices. We find that, while an "unfavourable"...
Persistent link: https://www.econbiz.de/10005761849
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10005762210
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i …) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii …
Persistent link: https://www.econbiz.de/10008558930