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Labour-Market Institutions and Macroeconomic Shocks

Chen, Yu-Fu; Snower, Dennis; Zoega, Gylfi - Institute for the Study of Labor (IZA) - 2002

Macroeconomic shocks and labour-market institutions jointly determine employment growth and economic performance. The effect of shocks depends on the nature of these institutions and the effect of institutional change depends on the macroeconomic environment. It follows that a given set of...

Persistent link: https://www.econbiz.de/10005763487

Real Options Effects on Employment: Does Exchange Rate Uncertainty Matter for Aggregation?

Belke, Ansgar; Göcke, Matthias - Institute for the Study of Labor (IZA) - 2004

In a baseline micro model a band of inaction due to hiring- and firing-costs is widened by option value effects of exchange rate uncertainty. Based on this micro foundation an aggregation approach is presented. Under uncertainty, intervals of weak response to exchange rate reversals (called...

Persistent link: https://www.econbiz.de/10005763606

Simulation and Estimation of Hedonic Models

Heckman, James J.; Matzkin, Rosa; Nesheim, Lars - Institute for the Study of Labor (IZA) - 2003

Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...

Persistent link: https://www.econbiz.de/10005703578

Traits, Imitation, and Evolutionary Dynamics

Schnedler, Wendelin - Institute for the Study of Labor (IZA) - 2003

In this article, a modelling framework for the information transmission between agents in an evolutionary game setting is proposed. Agents observe traits which reflect past and present behaviour and success of other agents. If agents imitate more successful agents based on these traits, the...

Persistent link: https://www.econbiz.de/10005822056

A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables

Keane, Michael P.; Sauer, Robert M. - Institute for the Study of Labor (IZA) - 2009

This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …

Persistent link: https://www.econbiz.de/10005703001

Punishing Free-Riders: How Group Size Affects Mutual Monitoring and the Provision of Public Goods

Carpenter, Jeffrey P. - Institute for the Study of Labor (IZA) - 2004

strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is …

Persistent link: https://www.econbiz.de/10005703051

Calculating Confidence Intervals for Continuous and Discontinuous Functions of Estimated Parameters

Ham, John C.; Woutersen, Tiemen - Institute for the Study of Labor (IZA) - 2011

The delta method is commonly used to calculate confidence intervals of functions of estimated parameters that are differentiable with non-zero, bounded derivatives. When the delta method is inappropriate, researchers usually first use a bootstrap procedure where they i) repeatedly take a draw...

Persistent link: https://www.econbiz.de/10009151016

The Finite Sample Performance of Semi- and Nonparametric Estimators for Treatment Effects and Policy Evaluation

Frölich, Markus; Huber, Martin; Wiesenfarth, Manuel - Institute for the Study of Labor (IZA) - 2015

treatment and policy evaluation. In contrast to previous simulation studies which mostly considered semiparametric approaches …

Persistent link: https://www.econbiz.de/10011125870

A Simulation of an Income Contingent Tuition Scheme in a Transition Economy

Vodopivec, Milan - Institute for the Study of Labor (IZA) - 2004

The paper takes advantage of exceptionally rich longitudinal data on the universe of labor force participants in Slovenia and simulates the working of an income contingent loan scheme to partly recover tuition costs. The simulations show that under the base variant (where the target cost...

Persistent link: https://www.econbiz.de/10005761698

Volatility and Growth: Governments are Key

Jetter, Michael - Institute for the Study of Labor (IZA) - 2013

paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

Persistent link: https://www.econbiz.de/10010959641