Showing 1 - 10 of 94
This paper documents the convergence of incomes across Indian states over the period 1965 to 1998. It departs from traditional analyses of convergence by tracking the evolution of the entire income distribution, instead of standard regression and time series analyses. The findings reveal...
Persistent link: https://www.econbiz.de/10011071107
Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives first a reducedform model from an equilibrium model and thereby explains how existing reducedform models are related to equilibrium models. Second, by...
Persistent link: https://www.econbiz.de/10011071177
This note provides a simple exposition of what IV can and cannot estimate in a model with a binary treatment variable and heterogeneous treatment effects. It shows how linear IV is a misspecification of functional form and the reason why linear IV estimates for this model will always depend on...
Persistent link: https://www.econbiz.de/10010746568
This paper investigates the overlap between employment status and poverty, drawing particular attention to the working … in Kyrgyzstan, who cumulated a high risk of being unemployed, of remaining longer in unemployment, of being discouraged …
Persistent link: https://www.econbiz.de/10011125996
This paper solves for optimal international portfolio choice in the presence of liquidity constraints and undiversifiable labor income risk. Optimal portfolios are internationally diversified while positive correlation between domestic stock market returns and permanent labor income shocks can...
Persistent link: https://www.econbiz.de/10010928614
The most striking difference in corporate-governance arrangements between rich and poor countries is that the latter rely much more heavily on the dynastic family firm, where ownership and control are passed on from one generation to the other. We argue that if the heir to the family firm has no...
Persistent link: https://www.econbiz.de/10010928662
asymmetrically in terms of prices and unemployment, while no difference appears in terms of output. These results seem to be the …
Persistent link: https://www.econbiz.de/10010745032
This paper estimates the impact of road improvements on firm employment and productivity using plant level longitudinal … data for Britain. Exposure to transport improvements is measured by changes in employment accessibility along the road … network. These changes are constructed using data on employment for small geographical units, details of the main road network …
Persistent link: https://www.econbiz.de/10011125960
shocks. This wage flexibility is desirable as it reduces the risks of long-term unemployment building up. After accounting …
Persistent link: https://www.econbiz.de/10011126109
techniques we estimate a five-equation model, which includes birth events, union formation, union dissolution, employment and non-employment …. We find that transitions in and out of employment for men are relatively independent of other transitions. In contrast …, there are strong links between female employment, having children and union formation. By undertaking a detailed micro …
Persistent link: https://www.econbiz.de/10011126156