Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10001675302
We compare male and female upward labor income mobility in Germany and the United States using the GSOEP-PSID Cross … considerable evidence in favor of a glass ceiling both in Germany and the United States with men having approximately a 30% premium …
Persistent link: https://www.econbiz.de/10001751330
We analyze the trading activity in an Internet chat room with approximately 1,300 participants. Traders make posts in real time about their activities. We find these traders are more skilled than retail investors analyzed in other studies. 55% make profits after transaction costs, and they earn...
Persistent link: https://www.econbiz.de/10002101863
I investigate the linkage between liquidity provision by Nasdaq market makers and analysts in the same firm. Using three measures of market activity, I find that Nasdaq firms are more likely to provide buy side liquidity in anticipation of upgrades in the period 1999-2000. ECN activity supports...
Persistent link: https://www.econbiz.de/10001889526
wide range of forecast horizons and allow for estimated as well as theoretically specified cointegrating relationships in … are also reported on. The first shows that cointegration vector parameter estimation error is crucial when using VEC … models for forecasting, and helps to explain previous findings of the failure of VEC models to forecast better than VAR …
Persistent link: https://www.econbiz.de/10001848940
One of the fundamental problems of the positive theory of income taxation is explaining why the statutory income tax schedules in all industrialized democracies are marginal-rate progressive. While it is commonly believed that this is but a simple consequence of the fact that the number of...
Persistent link: https://www.econbiz.de/10001934380
Persistent link: https://www.econbiz.de/10001889511
Persistent link: https://www.econbiz.de/10001673488
Persistent link: https://www.econbiz.de/10001656437
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...
Persistent link: https://www.econbiz.de/10008520206