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Decomposing Excess Returns in Stochastic Linear Models
Lin, Carl - Institute for the Study of Labor (IZA) - 2011
We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...
Persistent link: https://www.econbiz.de/10009403383
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Less Myth, More Measurement: Decomposing Excess Returns from the 1989 Minimum Wage Hike
Lin, Carl - Institute for the Study of Labor (IZA) - 2012
In the book Myth and Measurement, Card and Krueger (1995) examine the economic impact of the 1989 minimum wage hike on the welfare of 110 firms which employ a disproportionate number of minimum-wage workers. Their results show mixed evidence that excess returns associated with news about the...
Persistent link: https://www.econbiz.de/10009416930
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Diagnosing Discrimination: Stock Returns and CEO Gender
Wolfers, Justin - Institute for the Study of Labor (IZA) - 2006
A vast labor literature has found evidence of a "glass ceiling", whereby women are underrepresented among senior management. A key question remains the extent to which this reflects unobserved differences in productivity, preferences, prejudice, or systematically biased beliefs about the ability...
Persistent link: https://www.econbiz.de/10005762168
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Accounting for Imputed and Capital Income Flows in Income Inequality Analyses
Frick, Joachim R.; Grabka, Markus M. - Institute for the Study of Labor (IZA) - 2009
Using representative and consistent microdata from the German Socio-Economic Panel Study (SOEP) from 1985-2007, we illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner-occupied housing) have become increasingly important...
Persistent link: https://www.econbiz.de/10008558933
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The Impact of Household Capital Income on Income Inequality: A Factor Decomposition Analysis for Great Britain, Germany and the USA
Fräßdorf, Anna; Grabka, Markus M.; Schwarze, Johannes - Institute for the Study of Labor (IZA) - 2008
This paper analyses the contribution of capital income to income inequality in a cross-national comparison. Using micro-data from the Cross-National Equivalent File (CNEF) for three prominent panel studies, namely the BHPS for Great Britain, the SOEP for West Germany, and the PSID for the USA, a...
Persistent link: https://www.econbiz.de/10005762379
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How to Think About Time-Use Data: What Inferences Can We Make About Long- and Short-Run Time Use from Time Diaries?
Frazis, Harley; Stewart, Jay - Institute for the Study of Labor (IZA) - 2010
Time-use researchers are typically interested in the time use of individuals, but time use data are samples of person-days. Given day-to-day variation in how people spend their time, this distinction is analytically important. We examine the conditions necessary to make inferences about the time...
Persistent link: https://www.econbiz.de/10008693835
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A Structural Empirical Model of Firm Growth, Learning, and Survival
Abbring, Jaap H.; Campbell, Jeffrey R. - Institute for the Study of Labor (IZA) - 2003
We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …
Persistent link: https://www.econbiz.de/10005703362
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Industrialization Lessons from BRICS: A Comparative Analysis
Naudé, Wim; Szirmai, Adam; Lavopa, Alejandro - Institute for the Study of Labor (IZA) - 2013
Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of … de-industrialization (Brazil, Russia and South Africa). China is the only country where an expanding manufacturing sector … China and the other BRICS. These differences are down to differences in industrial policy: in China industrial policy …
Persistent link: https://www.econbiz.de/10010884080
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The Role of Coresidency with Adult Children in the Labor Force Participation Decisions of Older Men and Women in China
Connelly, Rachel; Maurer-Fazio, Margaret; Zhang, Dandan - Institute for the Study of Labor (IZA) - 2014
Over the course of China's economic reforms, a pronounced divergence in the labor force participation patterns of rural …
Persistent link: https://www.econbiz.de/10010884100
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Preferential Market Access into the Chinese Market: How Good is it for Africa?
Co, Catherine Y.; Dimova, Ralitza - Institute for the Study of Labor (IZA) - 2014
In 2005 China provided duty-free access to 190 items from 25 least developed sub-Saharan African (SSA) countries. Three … years later duty-free access was extended to 454 items from 31 SSA LDCs. We find no evidence that China's preferential …
Persistent link: https://www.econbiz.de/10010884140