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This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from...
Persistent link: https://www.econbiz.de/10011257400
variance of earnings of individual households. Specifications estimated are standard and quadratic ARCH and GARCH processes … impact on aggregate consumption growth implying that earnings uncertainty and precautionary saving motives matter for the … aggregate economy. The estimation of a buffer stock model of consumption with time-varying earnings uncertainty provides an …
Persistent link: https://www.econbiz.de/10011255920
questions: (1) To what extent does a composite measure of ability affect an entrepreneur's earnings relative to employees? (2 …) Do different cognitive abilities (e.g. math ability, language ability) and social ability affect earnings of … entrepreneurs and employees differently?, and (3) Does the balance in these measured ability levels affect an individual's earnings …
Persistent link: https://www.econbiz.de/10011257249
differential social standing in adolescence predicts large and persistent earnings disparities over the entire life course. The … share of the earnings inequalities is mediated by differential post-secondary human and social capital investment. From a …
Persistent link: https://www.econbiz.de/10011257279
This discussion paper was published in the <I> Economics of Education Review</I> (2012). Vol. 31(5), 515-523.<P> The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and...</p></i>
Persistent link: https://www.econbiz.de/10011257613