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Estimating the Smoothing Parameter in the So-Called Hodrick-Prescott Filter

Schlicht, Ekkehart - Institute for the Study of Labor (IZA) - 2004

This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...

Persistent link: https://www.econbiz.de/10005703010

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - Institute for the Study of Labor (IZA) - 2014

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...

Persistent link: https://www.econbiz.de/10010959583

Non-Farm Enterprise Productivity and Spatial Autocorrelation in Rural Africa: Evidence from Ethiopia and Nigeria

Owoo, Nkechi S.; Naudé, Wim - Institute for the Study of Labor (IZA) - 2014

proximate farm and non-farm enterprises. To test for the presence and significance of such spatial autocorrelation we use data … (NGHS). We find evidence of significant spatial autocorrelation. Productivity of non-farm enterprises is widely dispersed … productive. In Nigeria, we find evidence for spatial autocorrelation at the individual enterprise level but not at the community …

Persistent link: https://www.econbiz.de/10010791524

Immigrant Workers and Farm Performance: Evidence from Matched Employer-Employee Data

Malchow-Møller, Nikolaj; Munch, Jakob R.; Seidelin, … - Institute for the Study of Labor (IZA) - 2013

Many developed countries have recently experienced a significant inflow of immigrants in the agricultural sector. At the same time, the sector is still in a process of structural transformation resulting in fewer but bigger and presumably more efficient farms. In this paper, we exploit detailed...

Persistent link: https://www.econbiz.de/10010704408

Seasonal Credit Constraints and Agricultural Labor Supply: Evidence from Zambia

Fink, Günther; Jack, Kelsey; Masiye, Felix - Institute for the Study of Labor (IZA) - 2014

Small-scale farming remains the primary source of income for a majority of the population in developing countries. While most farmers primarily work on their own fields, off-farm labor is common among small-scale farmers. A growing literature suggests that off-farm labor is not the result of...

Persistent link: https://www.econbiz.de/10011094086

Wealth Shocks and Health Outcomes: Evidence from Stock Market Fluctuations

Schwandt, Hannes - Institute for the Study of Labor (IZA) - 2014

Do wealth shocks affect the health of the elderly in developed countries? The economic literature is skeptical about such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks also matter for the health of wealthy retirees in the...

Persistent link: https://www.econbiz.de/10010884277

A Structural Empirical Model of Firm Growth, Learning, and Survival

Abbring, Jaap H.; Campbell, Jeffrey R. - Institute for the Study of Labor (IZA) - 2003

We present a structural model of firm growth, learning, and survival and consider its identification and estimation. In …

Persistent link: https://www.econbiz.de/10005703362