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Unemployment, Growth and Fiscal Policy: New Insights on the Hysteresis Hypothesis
Raurich, Xavier; Sala, Hector; Sorolla, Valeri - Institute for the Study of Labor (IZA) - 2004
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and balanced budget rules cause a complementarity between capital and employment capable of explaining the existence of multiple equilibrium paths. Hysteresis is viewed as the result...
Persistent link: https://www.econbiz.de/10005822131
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Where Has All the Money Gone? Foreign Aid and the Quest for Growth
Chatterjee, Santanu; Giuliano, Paola; Kaya, Ilker - Institute for the Study of Labor (IZA) - 2007
This paper examines fungibility as a possible explanation for the "missing link" between foreign aid and economic growth. The composition of aid plays a crucial role in determining the composition of government spending and, consequently, the magnitude of fungibility and its impact on growth....
Persistent link: https://www.econbiz.de/10005703140
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Heterogeneous Treatment Effects: Instrumental Variables without Monotonicity?
Klein, Tobias J. - Institute for the Study of Labor (IZA) - 2007
A fundamental identification problem in program evaluation arises when idiosyncratic gains from participation and the …, identification hinges on the same monotonicity assumption that is fundamentally untestable. We investigate the sensitivity of …
Persistent link: https://www.econbiz.de/10005822349
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Active Labor Market Policy in Germany - Is There a Successful Policy Strategy?
Fertig, Michael; Schmidt, Christoph M.; Schneider, Hilmar - Institute for the Study of Labor (IZA) - 2002
Each year Germany and many other developed economies spend tens of billions of Euros on active measures of employment promotion with the explicit aim of contributing to the reduction of unemployment. Yet, high unemployment has universally been a persistent problem throughout the last two...
Persistent link: https://www.econbiz.de/10005822395
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A Simple Solution to the Identification Problem in Detailed Wage Decompositions
Yun, Myeong-Su - Institute for the Study of Labor (IZA) - 2003
identification problem since the detailed coefficients effect attributed to a dummy variable is not invariant to the choice of … reference groups. It turns out that the identification problem in the decomposition equation is a disguised identification …. The identification problem is automatically resolved once we obtain "normalized" regression equations for two comparison …
Persistent link: https://www.econbiz.de/10005822487
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Identification and Estimation of Economic Models of Outmigration Using Panel Attrition
Bellemare, Charles - Institute for the Study of Labor (IZA) - 2004
Because their departures are difficultly observed, little is known about the performance of immigrants who leave a region and move to another. This paper shows conditions under which the (conditional) outmigration probability, work probability and the expected earnings of outmigrants are...
Persistent link: https://www.econbiz.de/10005822568
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Living in Two Neighborhoods: Social Interactions in the Lab
Falk, Armin; Fischbacher, Urs; Gächter, Simon - Institute for the Study of Labor (IZA) - 2004
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10005822702
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Does the Early Bird Catch the Worm? Instrumental Variable Estimates of Educational Effects of Age of School Entry in Germany
Puhani, Patrick A.; Weber, Andrea M. - Institute for the Study of Labor (IZA) - 2005
We estimate the effect of age of school entry on educational attainment using three different data sets for Germany, sampling pupils at the end of primary school, in the middle of secondary school and several years after secondary school. Results are obtained based on instrumental variable...
Persistent link: https://www.econbiz.de/10005822742
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Using Firm Optimization to Evaluate and Estimate Returns to Scale
Gorodnichenko, Yuriy - Institute for the Study of Labor (IZA) - 2008
At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...
Persistent link: https://www.econbiz.de/10005822822
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A Conceptual Framework for the Evaluation of Comprehensive Labor Market Policy Reforms in Germany
Fertig, Michael; Kluve, Jochen - Institute for the Study of Labor (IZA) - 2004
Over the last year the German government has introduced a comprehensive set of labor market policy reforms, the so-called Hartz reforms, which aim at a significant reduction of unemployment. To this end, (a) many of the existing instruments of active labor market policy are modified...
Persistent link: https://www.econbiz.de/10005822937