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Forecasting Time Series Subject to Multiple Structural Breaks
Pesaran, M. Hashem; Pettenuzzo, Davide; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004
Bayesian estimation and prediction procedure that allows for the possibility of new breaks over the forecast horizon, taking …
Persistent link: https://www.econbiz.de/10005763710
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Assessing Forecast Uncertainties in a VECX Model for Switzerland: An Exercise in Forecast Combination across Models and Observation Windows
Assenmacher, Katrin; Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2007
We investigate the effect of forecast uncertainty in a cointegrating vector error correction model for Switzerland …. Forecast uncertainty is evaluated in three different dimensions. First, we investigate the effect on forecasting performance of … averaging over forecasts from different models. Second, we look at different estimation windows. We find that averaging over …
Persistent link: https://www.econbiz.de/10005700993
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Selective Schooling Systems Increase Inequality
Burgess, Simon; Dickson, Matt; Macmillan, Lindsey - Institute for the Study of Labor (IZA) - 2014
We investigate the impact on earnings inequality of a selective education system in which school assignment is based on initial test scores. We use a large, representative household panel survey to compare adult earnings inequality of those growing up under a selective education system with...
Persistent link: https://www.econbiz.de/10010959701
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Allocation of Human Capital and Innovation at the Frontier: Firm-Level Evidence on Germany and the Netherlands
Bartelsman, Eric; Dobbelaere, Sabien; Peters, Bettina - Institute for the Study of Labor (IZA) - 2013
This paper examines how productivity effects of human capital and innovation vary at different points of the conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14,586 enterprises in the Netherlands over the period...
Persistent link: https://www.econbiz.de/10010959824
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Job Search Channels, Neighborhood Effects and Wages Inequality in Developing Countries: The Colombian Case
Garcia, Gustavo Adolfo; Nicodemo, Catia - Institute for the Study of Labor (IZA) - 2013
This paper analyses the relationship between social networks and the job search behaviour of individuals. Networking is not only based on friends and relatives but also on neighbourhood. The geographic closeness is associated to social interactions. Individuals who are in physical and social...
Persistent link: https://www.econbiz.de/10010960105
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Change in the Distribution of House Prices across Spanish Cities
Nicodemo, Catia; Raya, Josep M. - Institute for the Study of Labor (IZA) - 2012
This paper presents the quantile estimation of house price between two years, 2004 and 2007 (a boom house price period …
Persistent link: https://www.econbiz.de/10011279297
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Robust Estimation of Wage Dispersion with Censored Data: An Application to Occupational Earnings Risk and Risk Attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - Institute for the Study of Labor (IZA) - 2012
We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...
Persistent link: https://www.econbiz.de/10011279338
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Public and Private Sector Jobs, Unreported Income and Consumption Gap in India: Evidence from Micro-Data
Kar, Saibal; Roy, Poulomi; Saha, Sarani - Institute for the Study of Labor (IZA) - 2012
This paper tries to document the presence of unreported income among public sector employees in India. We investigate empirically the wage gap as well as consumption expenditure parity between public and private sector workers. It tests the hypothesis that despite a lower level of public sector...
Persistent link: https://www.econbiz.de/10011279356
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U.S. Unemployment Duration: Has Long Become Longer or Short Become Shorter?
Machado, José A.F.; Portugal, Pedro; Guimaraes, Juliana - Institute for the Study of Labor (IZA) - 2006
The U.S. labor market has been experiencing unprecedented high average unemployment duration. The shift in the unemployment duration distribution can be traced back to the early nineties. In this study, censored quantile regression methods are employed to analyze the changes in the US...
Persistent link: https://www.econbiz.de/10005233928
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Misspecification Testing in a Class of Conditional Distributional Models
Rothe, Christoph; Wied, Dominik - Institute for the Study of Labor (IZA) - 2012
We propose a specification test for a wide range of parametric models for the conditional distribution function of an outcome variable given a vector of covariates. The test is based on the Cramer-von Mises distance between an unrestricted estimate of the joint distribution function of the data,...
Persistent link: https://www.econbiz.de/10009650610