How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and …

analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …. Our findings allow us to draw cautious conclusions on employment subsidies paid as welfare benefits …

by behavioral adjustments yet which are of considerable importance to one's quality of life: employment, earnings and …

employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor …

moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …

This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is … strong evidence of a country effect. Our model is shown to provide accurate predictions of bank ratings for the period prior …

We model EU countries’ bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … assigned lower ratings, ceteris paribus, than “old” ones. We find that country-specific factors (in the form of heterogeneous … intercepts) are a crucial determinant of ratings. Whilst “new” EU countries typically have lower ratings than “old” ones, after …