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parameter restrictions. A cointegration analysis for the unified Germany reveals a long rum relationship between real wages …. We compare these results to results from a standard SVECM and find that, using the Subset VECM reduces estimation … uncertainty. In contrast to previous studies for West Germany, we find that, unemployment is equally determined by technology …
Persistent link: https://www.econbiz.de/10009613616
Persistent link: https://www.econbiz.de/10001917018
There is common consensus that managerial compensation is strongly tied to firm size and much less so to financial performance. One suspects that observed restructuring and downsizing in corporations in recent years may have an effect on these results. Based on multi-task theoretical...
Persistent link: https://www.econbiz.de/10009578030
The theory of career mobility (Sicherman and Galor 1990) claims that wage penalties for overeducated workers are compensated by better promotion prospects. Sicherman (1991) was able to confirm this theory in an empirical study. However, the controls for the opposing phenomenon of undereducation...
Persistent link: https://www.econbiz.de/10009616783
"inventory elasticity of consumption" to represent the effect of inventory on consumption rates and propose a function that … inventory elasticity of consumption is highly significant in all categories and the elasticities range from 0.28 to 2.46. Some …
Persistent link: https://www.econbiz.de/10009615422
This article investigates whether decision makers intuitively optimize close to the normative prediction in entrepreneurial decision situations where their time must be allocated between a wage job and a newly formed venture. We offer an analytical model based on maximizing expected utility, and...
Persistent link: https://www.econbiz.de/10009621420
East-West migration in Germany peaked at the beginning of the 90s although the average wage gap between Eastern and … Western Germany continues to average about 25%. We analyze the propensity to migrate using microdata from the German …
Persistent link: https://www.econbiz.de/10009574896
We show in the paper that the decomposition proposed by Beveridge and Nelson (1981) for models that are integrated of order one can be generalized to seasonal Arima models by means of a partial fraction decomposition. Two equivalent algorithms are proposed to optimally (in the mean squared...
Persistent link: https://www.econbiz.de/10009577456
Germany and the United States are generally seen as the two competing systems of corporate governance. In search for a … impact of financing, investment, and dividend decisions on the value of stock corporations in Germany and the US. The …
Persistent link: https://www.econbiz.de/10009578016
Persistent link: https://www.econbiz.de/10009578563