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Bayesian Exploratory Factor Analysis
Conti, Gabriella; Frühwirth-Schnatter, Sylvia; … - Institute for the Study of Labor (IZA) - 2014
This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...
Persistent link: https://www.econbiz.de/10010884284
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Do Frictions Matter in the Labor Market? Accessions, Separations and Minimum Wage Effects
Dube, Arindrajit; Lester, T. William; Reich, Michael - Institute for the Study of Labor (IZA) - 2011
We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...
Persistent link: https://www.econbiz.de/10009144857
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Risk, Balanced Skills and Entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; van Praag, Mirjam - Institute for the Study of Labor (IZA) - 2011
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …
Persistent link: https://www.econbiz.de/10009395440
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The Radical Innovation Investment Decision Refined
Bilkic, Natasa; Gries, Thomas; Naudé, Wim - Institute for the Study of Labor (IZA) - 2013
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010791525
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A Reconsideration of Gender Differences in Risk Attitudes
Filippin, Antonio; Crosetto, Paolo - Institute for the Study of Labor (IZA) - 2014
This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …
Persistent link: https://www.econbiz.de/10010775114
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The Impact of Risk Perception and Risk Attitudes on Corrupt Behavior: Evidence from a Petty Corruption Experiment
Djawadi, Behnud Mir; Fahr, René - Institute for the Study of Labor (IZA) - 2013
accepting a bribe that leads to a higher present period income while facing the risk of being audited and being left with a … considerable lower income in all subsequent periods. Because risk attitudes might differ when putting earned versus endowed income … at risk, we compare treatments where participants either receive an endowment beforehand, or earn their income by …
Persistent link: https://www.econbiz.de/10010658704
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Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - Institute for the Study of Labor (IZA) - 2010
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008805625
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Is Women's Ownership of Land a Panacea in Developing Countries? Evidence from Land-Owning Farm Households in Malawi
Bhaumik, Sumon K.; Dimova, Ralitza; Gang, Ira N. - Institute for the Study of Labor (IZA) - 2014
Our analysis of a rich representative household survey for Malawi, where patrilineal and matrilineal institutions coexist, suggests that (a) in matrilineal societies the likelihood of cash crop cultivation by a household increases with the extent of land owned (or de facto controlled) by males,...
Persistent link: https://www.econbiz.de/10010884103
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Do Cows Have Negative Returns? The Evidence Revisited
Gehrke, Esther; Grimm, Michael - Institute for the Study of Labor (IZA) - 2014
This paper addresses the apparent paradox between widespread support of cattle farming by agricultural policy interventions and negative returns to cattle as stressed in recent works. Using a representative panel dataset for Andhra Pradesh, a state in the south of India, we examine average and...
Persistent link: https://www.econbiz.de/10010959581
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Labor Productivity in Rural African Enterprises: Empirical Evidence from the LSMS-ISA
Nagler, Paula; Naudé, Wim - Institute for the Study of Labor (IZA) - 2014
, Malawi, Nigeria, and Uganda. Using the World Bank's LSMS-ISA database, we find that rural enterprises are on average less …
Persistent link: https://www.econbiz.de/10010959758