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Noise Traders? Trigger Rates, FX Options, and Smiles

Pierdzioch, Christian - 2000

A contingent claims valuation model which allows to highlight the implications of program trading in spot markets for the pricing of European-style foreign currency options and for the volatility strike structure implicit in these contracts is devoloped. The curvature of the volatility strike...

Persistent link: https://www.econbiz.de/10010260624

The health gradient and early retirement: Evidence from the German Socio-economic Panel

Hostenkamp, Gisela; Stolpe, Michael - 2006

This paper examines the role of the health gradient – the positive correlation between household income and health – in individual retirement behavior, using data from the German Socio-economic Panel (GSOEP). We first estimate agegroup-specific health gradients and find their slope increases...

Persistent link: https://www.econbiz.de/10010332959

Aid allocation through various official and private channels: need, merit and self-interest as motives of German donors

Nunnenkamp, Peter; Öhler, Hannes - 2009

Previous literature largely ignores the heterogeneity of aid channels used by each single donor country. We estimate Tobit models to assess the relative importance of recipient need, recipient merit and self-interest of donors for various channels of official and private German aid across a...

Persistent link: https://www.econbiz.de/10010265245

Is regional innovative activity path-dependent? An empirical analysis for Germany

Bode, Eckhardt - 2001

Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...

Persistent link: https://www.econbiz.de/10010265496

Dialects, cultural Identity, and economic exchange

Falck, Oliver; Heblich, Stephan; Lameli, Alfred; … - 2010

We investigate whether time-persistent cultural borders impede economic exchange across regions of the same country. To measure cultural differences we evaluate, for the first time in economics, linguistic micro-data about phonological and grammatical features of German dialects. These data are...

Persistent link: https://www.econbiz.de/10010266077

Wage cyclicality under different regimes of industrial relations

Gartner, Hermann; Schank, Thorsten; Schnabel, Claus - 2010

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …

Persistent link: https://www.econbiz.de/10010272104

Macroeconomic aspects of structural labor market reforms in Germany

Dovern, Jonas; Meier, Carsten-Patrick - 2006

Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the … macroeconomic effects of structural labor market reforms in Germany. We find that neither the fact that Germany can no longer pursue … Germany by implementing labor market reforms themselves constitute impediments to successful reforms. Reforms would relative …

Persistent link: https://www.econbiz.de/10010272958

Commuting, externalities, and the geographical sizes of metropolitan areas

Bode, Eckhardt - 2006

The paper proposes an econometric approach for quantifying jointly the geographical scope of commuting as well as the various forms of agglomeration economies originating from metropolitan centers. Adopting an urban economics perspective, and using land prices to measure their aggregate effects,...

Persistent link: https://www.econbiz.de/10010273114

Long-run determinants of immigration to Germany 1974 - 1999: A Ricardian framework

Foders, Federico - 2003

This paper examines the long-run determinants of immigration to Germany using a modified version of the Ricardo model …. After a brief overview of labour flows to Germany and the related empirical literature, a Ricardian model of migration is … effect whatsoever on labour flows to Germany in a period of rising unemployment (1974?1999), while variables representing …

Persistent link: https://www.econbiz.de/10010283007

The sensitivity of distributional measures to the reference period of income

Schröder, Carsten - 2012

When individual or household incomes are collected for administrative or scientific surveys, the reference period of income is sometimes a month, sometimes a quarter, and sometimes a year. This reference period of income likely affects the shape of the distribution and derived measures of...

Persistent link: https://www.econbiz.de/10010286965

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